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Side-by-side financial comparison of CNA FINANCIAL CORP (CNA) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.

CNA FINANCIAL CORP is the larger business by last-quarter revenue ($389.0M vs $252.6M, roughly 1.5× PicoCELA Inc.). CNA FINANCIAL CORP runs the higher net margin — 77.6% vs -125.2%, a 202.8% gap on every dollar of revenue. CNA FINANCIAL CORP produced more free cash flow last quarter ($542.0M vs $-256.6M).

CNA Financial Corporation is a financial corporation based in Chicago, Illinois, United States. Its principal subsidiary, Continental Casualty Company (CCC), was founded in 1897, and The Continental Insurance Company (CIC) was organized in 1853. CNA, the current parent company, was incorporated in 1967.

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.

CNA vs PCLA — Head-to-Head

Bigger by revenue
CNA
CNA
1.5× larger
CNA
$389.0M
$252.6M
PCLA
Higher net margin
CNA
CNA
202.8% more per $
CNA
77.6%
-125.2%
PCLA
More free cash flow
CNA
CNA
$798.6M more FCF
CNA
$542.0M
$-256.6M
PCLA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
CNA
CNA
PCLA
PCLA
Revenue
$389.0M
$252.6M
Net Profit
$302.0M
$-316.2M
Gross Margin
Operating Margin
97.2%
-114.8%
Net Margin
77.6%
-125.2%
Revenue YoY
-2.0%
Net Profit YoY
1338.1%
EPS (diluted)
$1.11

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
CNA
CNA
PCLA
PCLA
Q4 25
$389.0M
Q3 25
$393.0M
Q2 25
$398.0M
Q1 25
$397.0M
$252.6M
Q4 24
$397.0M
Q3 24
$401.0M
Q2 24
$404.0M
Q1 24
$407.0M
Net Profit
CNA
CNA
PCLA
PCLA
Q4 25
$302.0M
Q3 25
$403.0M
Q2 25
$299.0M
Q1 25
$274.0M
$-316.2M
Q4 24
$21.0M
Q3 24
$283.0M
Q2 24
$317.0M
Q1 24
$338.0M
Operating Margin
CNA
CNA
PCLA
PCLA
Q4 25
97.2%
Q3 25
Q2 25
95.5%
Q1 25
87.9%
-114.8%
Q4 24
5.3%
Q3 24
90.0%
Q2 24
99.5%
Q1 24
Net Margin
CNA
CNA
PCLA
PCLA
Q4 25
77.6%
Q3 25
102.5%
Q2 25
75.1%
Q1 25
69.0%
-125.2%
Q4 24
5.3%
Q3 24
70.6%
Q2 24
78.5%
Q1 24
83.0%
EPS (diluted)
CNA
CNA
PCLA
PCLA
Q4 25
$1.11
Q3 25
$1.48
Q2 25
$1.10
Q1 25
$1.00
Q4 24
$0.07
Q3 24
$1.04
Q2 24
$1.17
Q1 24
$1.24

Balance Sheet & Financial Strength

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

Metric
CNA
CNA
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$456.8M
Total DebtLower is stronger
$3.0B
Stockholders' EquityBook value
$11.6B
$354.8M
Total Assets
$69.4B
$1.2B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNA
CNA
PCLA
PCLA
Q4 25
Q3 25
Q2 25
Q1 25
$456.8M
Q4 24
Q3 24
Q2 24
Q1 24
Total Debt
CNA
CNA
PCLA
PCLA
Q4 25
$3.0B
Q3 25
Q2 25
Q1 25
Q4 24
$3.0B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CNA
CNA
PCLA
PCLA
Q4 25
$11.6B
Q3 25
$11.3B
Q2 25
$10.7B
Q1 25
$10.3B
$354.8M
Q4 24
$10.5B
Q3 24
$10.8B
Q2 24
$9.9B
Q1 24
$9.7B
Total Assets
CNA
CNA
PCLA
PCLA
Q4 25
$69.4B
Q3 25
$69.8B
Q2 25
$68.9B
Q1 25
$67.3B
$1.2B
Q4 24
$66.5B
Q3 24
$67.4B
Q2 24
$65.2B
Q1 24
$65.1B
Debt / Equity
CNA
CNA
PCLA
PCLA
Q4 25
0.26×
Q3 25
Q2 25
Q1 25
Q4 24
0.28×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CNA
CNA
PCLA
PCLA
Operating Cash FlowLast quarter
$570.0M
$-245.6M
Free Cash FlowOCF − Capex
$542.0M
$-256.6M
FCF MarginFCF / Revenue
139.3%
-101.6%
Capex IntensityCapex / Revenue
7.2%
4.3%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$2.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNA
CNA
PCLA
PCLA
Q4 25
$570.0M
Q3 25
$720.0M
Q2 25
$562.0M
Q1 25
$638.0M
$-245.6M
Q4 24
$703.0M
Q3 24
$748.0M
Q2 24
$616.0M
Q1 24
$504.0M
Free Cash Flow
CNA
CNA
PCLA
PCLA
Q4 25
$542.0M
Q3 25
$704.0M
Q2 25
$538.0M
Q1 25
$620.0M
$-256.6M
Q4 24
$665.0M
Q3 24
$730.0M
Q2 24
$597.0M
Q1 24
$484.0M
FCF Margin
CNA
CNA
PCLA
PCLA
Q4 25
139.3%
Q3 25
179.1%
Q2 25
135.2%
Q1 25
156.2%
-101.6%
Q4 24
167.5%
Q3 24
182.0%
Q2 24
147.8%
Q1 24
118.9%
Capex Intensity
CNA
CNA
PCLA
PCLA
Q4 25
7.2%
Q3 25
4.1%
Q2 25
6.0%
Q1 25
4.5%
4.3%
Q4 24
9.6%
Q3 24
4.5%
Q2 24
4.7%
Q1 24
4.9%
Cash Conversion
CNA
CNA
PCLA
PCLA
Q4 25
1.89×
Q3 25
1.79×
Q2 25
1.88×
Q1 25
2.33×
Q4 24
33.48×
Q3 24
2.64×
Q2 24
1.94×
Q1 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CNA
CNA

Segment breakdown not available.

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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