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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and Orange County Bancorp, Inc. (OBT). Click either name above to swap in a different company.
CODEXIS, INC. is the larger business by last-quarter revenue ($38.9M vs $33.0M, roughly 1.2× Orange County Bancorp, Inc.). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs 24.7%, a 13.0% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 20.6%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $19.6M). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 14.3%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.
CDXS vs OBT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $33.0M |
| Net Profit | $9.6M | $12.4M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 41.4% |
| Net Margin | 24.7% | 37.6% |
| Revenue YoY | 81.3% | 20.6% |
| Net Profit YoY | 192.5% | 73.5% |
| EPS (diluted) | $0.13 | $0.94 |
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 | $38.9M | $33.0M | ||
| Q3 25 | $8.6M | $33.7M | ||
| Q2 25 | $15.3M | $32.5M | ||
| Q1 25 | $7.5M | $28.0M | ||
| Q4 24 | $21.5M | $27.4M | ||
| Q3 24 | $12.8M | $27.1M | ||
| Q2 24 | $8.0M | $27.9M | ||
| Q1 24 | $17.1M | $25.3M |
| Q4 25 | $9.6M | $12.4M | ||
| Q3 25 | $-19.6M | $10.0M | ||
| Q2 25 | $-13.3M | $10.5M | ||
| Q1 25 | $-20.7M | $8.7M | ||
| Q4 24 | $-10.4M | $7.2M | ||
| Q3 24 | $-20.6M | $3.2M | ||
| Q2 24 | $-22.8M | $8.2M | ||
| Q1 24 | $-11.5M | $9.3M |
| Q4 25 | 94.8% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 63.8% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 66.4% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 71.6% | — |
| Q4 25 | 27.1% | 41.4% | ||
| Q3 25 | -220.3% | 38.6% | ||
| Q2 25 | -83.9% | 41.9% | ||
| Q1 25 | -271.6% | 40.3% | ||
| Q4 24 | -34.2% | 32.8% | ||
| Q3 24 | -129.0% | 14.8% | ||
| Q2 24 | -284.9% | 36.6% | ||
| Q1 24 | -69.6% | 45.9% |
| Q4 25 | 24.7% | 37.6% | ||
| Q3 25 | -228.1% | 29.7% | ||
| Q2 25 | -86.6% | 32.2% | ||
| Q1 25 | -274.3% | 31.1% | ||
| Q4 24 | -48.4% | 26.2% | ||
| Q3 24 | -160.8% | 11.8% | ||
| Q2 24 | -285.2% | 29.4% | ||
| Q1 24 | -67.4% | 36.7% |
| Q4 25 | $0.13 | $0.94 | ||
| Q3 25 | $-0.22 | $0.75 | ||
| Q2 25 | $-0.16 | $0.87 | ||
| Q1 25 | $-0.25 | $0.77 | ||
| Q4 24 | $-0.12 | $0.64 | ||
| Q3 24 | $-0.29 | $0.28 | ||
| Q2 24 | $-0.32 | $0.73 | ||
| Q1 24 | $-0.16 | $0.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.2M | — |
| Total DebtLower is stronger | $40.1M | — |
| Stockholders' EquityBook value | $50.5M | $284.4M |
| Total Assets | $147.8M | $2.7B |
| Debt / EquityLower = less leverage | 0.79× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | — | ||
| Q3 25 | $58.7M | — | ||
| Q2 25 | $66.3M | — | ||
| Q1 25 | $59.8M | — | ||
| Q4 24 | $73.5M | — | ||
| Q3 24 | $90.3M | — | ||
| Q2 24 | $73.2M | — | ||
| Q1 24 | $85.5M | — |
| Q4 25 | $40.1M | — | ||
| Q3 25 | $39.7M | — | ||
| Q2 25 | $39.4M | — | ||
| Q1 25 | $29.2M | — | ||
| Q4 24 | $28.9M | — | ||
| Q3 24 | $28.6M | — | ||
| Q2 24 | $28.4M | — | ||
| Q1 24 | $28.1M | — |
| Q4 25 | $50.5M | $284.4M | ||
| Q3 25 | $38.5M | $270.1M | ||
| Q2 25 | $55.6M | $252.6M | ||
| Q1 25 | $49.6M | $201.3M | ||
| Q4 24 | $66.9M | $185.5M | ||
| Q3 24 | $73.4M | $193.1M | ||
| Q2 24 | $61.4M | $177.5M | ||
| Q1 24 | $79.3M | $168.7M |
| Q4 25 | $147.8M | $2.7B | ||
| Q3 25 | $124.0M | $2.6B | ||
| Q2 25 | $138.2M | $2.6B | ||
| Q1 25 | $128.9M | $2.6B | ||
| Q4 24 | $149.0M | $2.5B | ||
| Q3 24 | $148.2M | $2.5B | ||
| Q2 24 | $132.0M | $2.5B | ||
| Q1 24 | $149.6M | $2.5B |
| Q4 25 | 0.79× | — | ||
| Q3 25 | 1.03× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 0.59× | — | ||
| Q4 24 | 0.43× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | 0.46× | — | ||
| Q1 24 | 0.35× | — |
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 | $20.1M | $43.8M |
| Free Cash FlowOCF − Capex | $19.6M | $41.3M |
| FCF MarginFCF / Revenue | 50.3% | 125.1% |
| Capex IntensityCapex / Revenue | 1.3% | 7.6% |
| Cash ConversionOCF / Net Profit | 2.09× | 3.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | $69.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $43.8M | ||
| Q3 25 | $-7.7M | $30.2M | ||
| Q2 25 | $-18.0M | $-5.0M | ||
| Q1 25 | $-13.8M | $4.8M | ||
| Q4 24 | $-16.5M | $34.6M | ||
| Q3 24 | $-13.0M | $10.2M | ||
| Q2 24 | $-12.2M | $9.3M | ||
| Q1 24 | $-7.8M | $2.3M |
| Q4 25 | $19.6M | $41.3M | ||
| Q3 25 | $-7.9M | $29.6M | ||
| Q2 25 | $-20.5M | $-5.7M | ||
| Q1 25 | $-15.1M | $4.3M | ||
| Q4 24 | $-18.2M | $32.9M | ||
| Q3 24 | $-14.0M | $10.0M | ||
| Q2 24 | $-12.6M | $9.2M | ||
| Q1 24 | $-8.9M | $2.0M |
| Q4 25 | 50.3% | 125.1% | ||
| Q3 25 | -91.7% | 87.8% | ||
| Q2 25 | -133.6% | -17.5% | ||
| Q1 25 | -199.6% | 15.5% | ||
| Q4 24 | -85.0% | 120.0% | ||
| Q3 24 | -109.0% | 36.7% | ||
| Q2 24 | -157.5% | 32.8% | ||
| Q1 24 | -52.2% | 7.9% |
| Q4 25 | 1.3% | 7.6% | ||
| Q3 25 | 2.1% | 1.8% | ||
| Q2 25 | 16.4% | 2.3% | ||
| Q1 25 | 16.7% | 1.8% | ||
| Q4 24 | 8.3% | 6.3% | ||
| Q3 24 | 7.8% | 1.1% | ||
| Q2 24 | 5.0% | 0.4% | ||
| Q1 24 | 6.6% | 1.0% |
| Q4 25 | 2.09× | 3.53× | ||
| Q3 25 | — | 3.01× | ||
| Q2 25 | — | -0.47× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 4.83× | ||
| Q3 24 | — | 3.19× | ||
| Q2 24 | — | 1.13× | ||
| Q1 24 | — | 0.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
