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Side-by-side financial comparison of Caris Life Sciences, Inc. (CAI) and Orion S.A. (OEC). Click either name above to swap in a different company.

Orion S.A. is the larger business by last-quarter revenue ($459.5M vs $216.8M, roughly 2.1× Caris Life Sciences, Inc.). Caris Life Sciences, Inc. runs the higher net margin — 11.2% vs -2.2%, a 13.4% gap on every dollar of revenue. On growth, Caris Life Sciences, Inc. posted the faster year-over-year revenue change (113.4% vs -3.8%).

Caris Life Sciences is a leading precision medicine biotech company specializing in advanced molecular profiling for oncology. It provides actionable genomic and molecular insights to oncologists to personalize cancer treatment plans, and partners with biopharmaceutical firms to accelerate novel cancer drug discovery and development, serving customers across North America, Europe, and key Asia-Pacific markets.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

CAI vs OEC — Head-to-Head

Bigger by revenue
OEC
OEC
2.1× larger
OEC
$459.5M
$216.8M
CAI
Growing faster (revenue YoY)
CAI
CAI
+117.2% gap
CAI
113.4%
-3.8%
OEC
Higher net margin
CAI
CAI
13.4% more per $
CAI
11.2%
-2.2%
OEC

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
CAI
CAI
OEC
OEC
Revenue
$216.8M
$459.5M
Net Profit
$24.3M
$-9.9M
Gross Margin
17.2%
Operating Margin
15.1%
2.5%
Net Margin
11.2%
-2.2%
Revenue YoY
113.4%
-3.8%
Net Profit YoY
135.9%
-208.8%
EPS (diluted)
$0.08
$-0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CAI
CAI
OEC
OEC
Q1 26
$459.5M
Q4 25
$411.7M
Q3 25
$216.8M
$450.9M
Q2 25
$181.4M
$466.4M
Q1 25
$477.7M
Q4 24
$434.2M
Q3 24
$101.6M
$463.4M
Q2 24
$100.0M
$477.0M
Net Profit
CAI
CAI
OEC
OEC
Q1 26
$-9.9M
Q4 25
Q3 25
$24.3M
$-67.1M
Q2 25
$-71.8M
$9.0M
Q1 25
$9.1M
Q4 24
Q3 24
$-67.7M
$-20.2M
Q2 24
$-66.2M
$20.5M
Gross Margin
CAI
CAI
OEC
OEC
Q1 26
17.2%
Q4 25
18.9%
Q3 25
19.0%
Q2 25
21.1%
Q1 25
20.5%
Q4 24
20.6%
Q3 24
23.2%
Q2 24
23.0%
Operating Margin
CAI
CAI
OEC
OEC
Q1 26
2.5%
Q4 25
4.3%
Q3 25
15.1%
-11.9%
Q2 25
-9.9%
6.9%
Q1 25
6.5%
Q4 24
5.4%
Q3 24
-59.9%
-3.3%
Q2 24
-67.0%
8.7%
Net Margin
CAI
CAI
OEC
OEC
Q1 26
-2.2%
Q4 25
Q3 25
11.2%
-14.9%
Q2 25
-39.6%
1.9%
Q1 25
1.9%
Q4 24
Q3 24
-66.6%
-4.4%
Q2 24
-66.2%
4.3%
EPS (diluted)
CAI
CAI
OEC
OEC
Q1 26
$-0.18
Q4 25
$-0.36
Q3 25
$0.08
$-1.20
Q2 25
$-7.97
$0.16
Q1 25
$0.16
Q4 24
$0.31
Q3 24
$-2.59
$-0.35
Q2 24
$-2.54
$0.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAI
CAI
OEC
OEC
Cash + ST InvestmentsLiquidity on hand
$755.5M
$50.5M
Total DebtLower is stronger
$375.9M
Stockholders' EquityBook value
$478.4M
$379.5M
Total Assets
$984.6M
$1.9B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAI
CAI
OEC
OEC
Q1 26
$50.5M
Q4 25
$60.7M
Q3 25
$755.5M
$51.3M
Q2 25
$721.2M
$42.6M
Q1 25
$37.5M
Q4 24
$44.2M
Q3 24
$53.2M
Q2 24
$34.2M
Total Debt
CAI
CAI
OEC
OEC
Q1 26
Q4 25
Q3 25
$375.9M
Q2 25
$373.4M
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CAI
CAI
OEC
OEC
Q1 26
$379.5M
Q4 25
$384.6M
Q3 25
$478.4M
$401.8M
Q2 25
$452.9M
$466.5M
Q1 25
$466.1M
Q4 24
$474.9M
Q3 24
$-2.4B
$476.3M
Q2 24
$-2.4B
$503.9M
Total Assets
CAI
CAI
OEC
OEC
Q1 26
$1.9B
Q4 25
$1.9B
Q3 25
$984.6M
$2.0B
Q2 25
$955.1M
$2.0B
Q1 25
$2.0B
Q4 24
$1.9B
Q3 24
$2.0B
Q2 24
$1.9B
Debt / Equity
CAI
CAI
OEC
OEC
Q1 26
Q4 25
Q3 25
0.79×
Q2 25
0.82×
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CAI
CAI
OEC
OEC
Operating Cash FlowLast quarter
$62.4M
$-12.4M
Free Cash FlowOCF − Capex
$55.3M
FCF MarginFCF / Revenue
25.5%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
2.57×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAI
CAI
OEC
OEC
Q1 26
$-12.4M
Q4 25
$92.9M
Q3 25
$62.4M
$68.8M
Q2 25
$53.7M
Q1 25
$400.0K
Q4 24
$94.5M
Q3 24
$-30.9M
Q2 24
$29.3M
Free Cash Flow
CAI
CAI
OEC
OEC
Q1 26
Q4 25
$44.2M
Q3 25
$55.3M
$27.9M
Q2 25
$11.5M
Q1 25
$-28.8M
Q4 24
$23.5M
Q3 24
$-78.8M
Q2 24
$-25.4M
FCF Margin
CAI
CAI
OEC
OEC
Q1 26
Q4 25
10.7%
Q3 25
25.5%
6.2%
Q2 25
2.5%
Q1 25
-6.0%
Q4 24
5.4%
Q3 24
-17.0%
Q2 24
-5.3%
Capex Intensity
CAI
CAI
OEC
OEC
Q1 26
Q4 25
11.8%
Q3 25
3.3%
9.1%
Q2 25
9.0%
Q1 25
6.1%
Q4 24
16.4%
Q3 24
10.3%
Q2 24
11.5%
Cash Conversion
CAI
CAI
OEC
OEC
Q1 26
Q4 25
Q3 25
2.57×
Q2 25
5.97×
Q1 25
0.04×
Q4 24
Q3 24
Q2 24
1.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAI
CAI

Molecular Profiling Services$207.6M96%
Pharma Research And Development Services$9.2M4%

OEC
OEC

Segment breakdown not available.

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