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Side-by-side financial comparison of CATHAY GENERAL BANCORP (CATY) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.
PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $222.8M, roughly 1.1× CATHAY GENERAL BANCORP). CATHAY GENERAL BANCORP runs the higher net margin — 653.4% vs -125.2%, a 778.6% gap on every dollar of revenue. CATHAY GENERAL BANCORP produced more free cash flow last quarter ($363.7M vs $-256.6M).
Cathay General Bancorp is a U.S.-headquartered bank holding company that operates Cathay Bank, offering full-spectrum commercial and personal banking services. It primarily serves Asian American communities and small-to-medium enterprises across major U.S. states including California, New York and Texas, as well as select Asian markets, with products covering deposits, loans, and wealth management solutions.
PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.
CATY vs PCLA — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $222.8M | $252.6M |
| Net Profit | $90.5M | $-316.2M |
| Gross Margin | — | — |
| Operating Margin | 50.9% | -114.8% |
| Net Margin | 653.4% | -125.2% |
| Revenue YoY | 19.5% | — |
| Net Profit YoY | 12.9% | — |
| EPS (diluted) | $1.33 | — |
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.
| Q4 25 | $222.8M | — | ||
| Q3 25 | $210.6M | — | ||
| Q2 25 | $196.6M | — | ||
| Q1 25 | $187.8M | $252.6M | ||
| Q4 24 | $186.5M | — | ||
| Q3 24 | $189.5M | — | ||
| Q2 24 | $178.5M | — | ||
| Q1 24 | $175.2M | — |
| Q4 25 | $90.5M | — | ||
| Q3 25 | $77.7M | — | ||
| Q2 25 | $77.5M | — | ||
| Q1 25 | $69.5M | $-316.2M | ||
| Q4 24 | $80.2M | — | ||
| Q3 24 | $67.5M | — | ||
| Q2 24 | $66.8M | — | ||
| Q1 24 | $71.4M | — |
| Q4 25 | 50.9% | — | ||
| Q3 25 | 44.5% | — | ||
| Q2 25 | 49.0% | — | ||
| Q1 25 | 46.1% | -114.8% | ||
| Q4 24 | 46.5% | — | ||
| Q3 24 | 41.2% | — | ||
| Q2 24 | 40.7% | — | ||
| Q1 24 | 45.7% | — |
| Q4 25 | 653.4% | — | ||
| Q3 25 | 36.9% | — | ||
| Q2 25 | 39.4% | — | ||
| Q1 25 | 37.0% | -125.2% | ||
| Q4 24 | 587.9% | — | ||
| Q3 24 | 35.6% | — | ||
| Q2 24 | 37.4% | — | ||
| Q1 24 | 40.8% | — |
| Q4 25 | $1.33 | — | ||
| Q3 25 | $1.13 | — | ||
| Q2 25 | $1.10 | — | ||
| Q1 25 | $0.98 | — | ||
| Q4 24 | $1.11 | — | ||
| Q3 24 | $0.94 | — | ||
| Q2 24 | $0.92 | — | ||
| Q1 24 | $0.98 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $456.8M |
| Total DebtLower is stronger | $119.1M | — |
| Stockholders' EquityBook value | $2.9B | $354.8M |
| Total Assets | $24.2B | $1.2B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $456.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $119.1M | — | ||
| Q3 25 | $119.1M | — | ||
| Q2 25 | $119.1M | — | ||
| Q1 25 | $119.1M | — | ||
| Q4 24 | $119.1M | — | ||
| Q3 24 | $119.1M | — | ||
| Q2 24 | $119.1M | — | ||
| Q1 24 | $119.1M | — |
| Q4 25 | $2.9B | — | ||
| Q3 25 | $2.9B | — | ||
| Q2 25 | $2.9B | — | ||
| Q1 25 | $2.9B | $354.8M | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.8B | — | ||
| Q2 24 | $2.8B | — | ||
| Q1 24 | $2.8B | — |
| Q4 25 | $24.2B | — | ||
| Q3 25 | $24.1B | — | ||
| Q2 25 | $23.7B | — | ||
| Q1 25 | $23.2B | $1.2B | ||
| Q4 24 | $23.1B | — | ||
| Q3 24 | $23.3B | — | ||
| Q2 24 | $23.2B | — | ||
| Q1 24 | $23.4B | — |
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.04× | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.04× | — | ||
| Q1 24 | 0.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $368.6M | $-245.6M |
| Free Cash FlowOCF − Capex | $363.7M | $-256.6M |
| FCF MarginFCF / Revenue | 163.2% | -101.6% |
| Capex IntensityCapex / Revenue | 2.2% | 4.3% |
| Cash ConversionOCF / Net Profit | 4.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $672.7M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $368.6M | — | ||
| Q3 25 | $150.6M | — | ||
| Q2 25 | $64.0M | — | ||
| Q1 25 | $99.0M | $-245.6M | ||
| Q4 24 | $329.2M | — | ||
| Q3 24 | $81.2M | — | ||
| Q2 24 | $72.9M | — | ||
| Q1 24 | $88.2M | — |
| Q4 25 | $363.7M | — | ||
| Q3 25 | $150.1M | — | ||
| Q2 25 | $62.7M | — | ||
| Q1 25 | $96.3M | $-256.6M | ||
| Q4 24 | $325.5M | — | ||
| Q3 24 | $80.0M | — | ||
| Q2 24 | $72.4M | — | ||
| Q1 24 | $87.3M | — |
| Q4 25 | 163.2% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 31.9% | — | ||
| Q1 25 | 51.2% | -101.6% | ||
| Q4 24 | 174.6% | — | ||
| Q3 24 | 42.2% | — | ||
| Q2 24 | 40.5% | — | ||
| Q1 24 | 49.8% | — |
| Q4 25 | 2.2% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 1.4% | 4.3% | ||
| Q4 24 | 1.9% | — | ||
| Q3 24 | 0.6% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | 4.07× | — | ||
| Q3 25 | 1.94× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 1.42× | — | ||
| Q4 24 | 4.10× | — | ||
| Q3 24 | 1.20× | — | ||
| Q2 24 | 1.09× | — | ||
| Q1 24 | 1.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CATY
Segment breakdown not available.
PCLA
| Revenue from product | $179.1M | 71% |
| Revenue from SaaS, Maintenance and others | $42.4M | 17% |
| Revenue from product – related party | $31.0M | 12% |
