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Side-by-side financial comparison of Coda Octopus Group, Inc. (CODA) and FIRST CAPITAL INC (FCAP). Click either name above to swap in a different company.

FIRST CAPITAL INC is the larger business by last-quarter revenue ($13.5M vs $7.3M, roughly 1.9× Coda Octopus Group, Inc.). FIRST CAPITAL INC runs the higher net margin — 36.2% vs 14.1%, a 22.1% gap on every dollar of revenue. On growth, Coda Octopus Group, Inc. posted the faster year-over-year revenue change (43.8% vs 19.0%). FIRST CAPITAL INC produced more free cash flow last quarter ($19.9M vs $2.5M). Over the past eight quarters, Coda Octopus Group, Inc.'s revenue compounded faster (27.7% CAGR vs 13.4%).

CODA plc was a mid-sized international financial software company based in the United Kingdom. Founded in 1979, it was purchased in 2008 by Unit4, a supplier of enterprise software, based in the Netherlands. CODA creates, markets and implements a range of business software systems designed for finance directors and finance departments. These include:financial management systems like accounting software and procurement software: financial analysis applications like reporting, consolidation and...

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

CODA vs FCAP — Head-to-Head

Bigger by revenue
FCAP
FCAP
1.9× larger
FCAP
$13.5M
$7.3M
CODA
Growing faster (revenue YoY)
CODA
CODA
+24.9% gap
CODA
43.8%
19.0%
FCAP
Higher net margin
FCAP
FCAP
22.1% more per $
FCAP
36.2%
14.1%
CODA
More free cash flow
FCAP
FCAP
$17.4M more FCF
FCAP
$19.9M
$2.5M
CODA
Faster 2-yr revenue CAGR
CODA
CODA
Annualised
CODA
27.7%
13.4%
FCAP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CODA
CODA
FCAP
FCAP
Revenue
$7.3M
$13.5M
Net Profit
$1.0M
$4.9M
Gross Margin
67.6%
Operating Margin
19.3%
Net Margin
14.1%
36.2%
Revenue YoY
43.8%
19.0%
Net Profit YoY
214.3%
49.6%
EPS (diluted)
$0.10
$1.45

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
CODA
CODA
FCAP
FCAP
Q4 25
$7.3M
$13.5M
Q3 25
$7.1M
$13.3M
Q2 25
$7.0M
$12.4M
Q1 25
$5.2M
$11.4M
Q4 24
$5.1M
$11.3M
Q3 24
$5.5M
$10.9M
Q2 24
$5.3M
$10.7M
Q1 24
$4.5M
$10.5M
Net Profit
CODA
CODA
FCAP
FCAP
Q4 25
$1.0M
$4.9M
Q3 25
$1.3M
$4.5M
Q2 25
$908.8K
$3.8M
Q1 25
$913.0K
$3.2M
Q4 24
$326.2K
$3.3M
Q3 24
$1.3M
$2.9M
Q2 24
$1.4M
$2.8M
Q1 24
$629.9K
$3.0M
Gross Margin
CODA
CODA
FCAP
FCAP
Q4 25
67.6%
Q3 25
68.3%
Q2 25
64.1%
Q1 25
65.8%
Q4 24
65.3%
Q3 24
73.9%
Q2 24
70.2%
Q1 24
69.2%
Operating Margin
CODA
CODA
FCAP
FCAP
Q4 25
19.3%
Q3 25
19.5%
41.8%
Q2 25
15.5%
37.2%
Q1 25
12.7%
34.2%
Q4 24
5.7%
34.8%
Q3 24
25.4%
31.5%
Q2 24
25.4%
31.1%
Q1 24
12.4%
33.0%
Net Margin
CODA
CODA
FCAP
FCAP
Q4 25
14.1%
36.2%
Q3 25
18.2%
33.8%
Q2 25
13.0%
30.4%
Q1 25
17.5%
28.3%
Q4 24
6.5%
28.8%
Q3 24
23.3%
26.5%
Q2 24
26.6%
26.5%
Q1 24
14.1%
28.1%
EPS (diluted)
CODA
CODA
FCAP
FCAP
Q4 25
$0.10
$1.45
Q3 25
$0.11
$1.34
Q2 25
$0.08
$1.13
Q1 25
$0.08
$0.97
Q4 24
$0.02
$0.97
Q3 24
$0.11
$0.87
Q2 24
$0.13
$0.85
Q1 24
$0.06
$0.88

Balance Sheet & Financial Strength

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

Metric
CODA
CODA
FCAP
FCAP
Cash + ST InvestmentsLiquidity on hand
$28.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$58.1M
$137.8M
Total Assets
$64.5M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CODA
CODA
FCAP
FCAP
Q4 25
$28.7M
Q3 25
$26.2M
Q2 25
$24.5M
Q1 25
$22.5M
Q4 24
$22.5M
Q3 24
$25.2M
Q2 24
$23.7M
Q1 24
$25.0M
Stockholders' Equity
CODA
CODA
FCAP
FCAP
Q4 25
$58.1M
$137.8M
Q3 25
$57.3M
$132.4M
Q2 25
$55.9M
$123.2M
Q1 25
$53.1M
$120.1M
Q4 24
$53.1M
$114.6M
Q3 24
$52.8M
$116.8M
Q2 24
$51.1M
$107.8M
Q1 24
$50.1M
$105.7M
Total Assets
CODA
CODA
FCAP
FCAP
Q4 25
$64.5M
$1.3B
Q3 25
$61.9M
$1.2B
Q2 25
$60.6M
$1.2B
Q1 25
$56.9M
$1.2B
Q4 24
$57.5M
$1.2B
Q3 24
$55.9M
$1.2B
Q2 24
$54.0M
$1.2B
Q1 24
$53.0M
$1.2B

Cash Flow & Capital Efficiency

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

Metric
CODA
CODA
FCAP
FCAP
Operating Cash FlowLast quarter
$2.9M
$21.3M
Free Cash FlowOCF − Capex
$2.5M
$19.9M
FCF MarginFCF / Revenue
34.9%
147.7%
Capex IntensityCapex / Revenue
5.0%
10.0%
Cash ConversionOCF / Net Profit
2.83×
4.36×
TTM Free Cash FlowTrailing 4 quarters
$6.0M
$35.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CODA
CODA
FCAP
FCAP
Q4 25
$2.9M
$21.3M
Q3 25
$2.2M
$7.9M
Q2 25
$1.5M
$3.7M
Q1 25
$641.5K
$4.4M
Q4 24
$2.0M
$22.3M
Q3 24
$1.7M
$7.6M
Q2 24
$-955.8K
$3.5M
Q1 24
$-298.0K
$7.2M
Free Cash Flow
CODA
CODA
FCAP
FCAP
Q4 25
$2.5M
$19.9M
Q3 25
$1.6M
$7.8M
Q2 25
$1.4M
$3.5M
Q1 25
$513.4K
$4.2M
Q4 24
$1.9M
$21.6M
Q3 24
$1.5M
$7.5M
Q2 24
$-1.1M
$3.3M
Q1 24
$-433.6K
$7.1M
FCF Margin
CODA
CODA
FCAP
FCAP
Q4 25
34.9%
147.7%
Q3 25
22.6%
58.6%
Q2 25
19.9%
27.8%
Q1 25
9.9%
36.5%
Q4 24
38.5%
190.7%
Q3 24
28.2%
68.6%
Q2 24
-20.9%
31.2%
Q1 24
-9.7%
67.2%
Capex Intensity
CODA
CODA
FCAP
FCAP
Q4 25
5.0%
10.0%
Q3 25
8.6%
1.2%
Q2 25
1.0%
2.2%
Q1 25
2.5%
1.9%
Q4 24
0.9%
6.3%
Q3 24
3.0%
0.8%
Q2 24
2.9%
1.4%
Q1 24
3.0%
1.5%
Cash Conversion
CODA
CODA
FCAP
FCAP
Q4 25
2.83×
4.36×
Q3 25
1.72×
1.77×
Q2 25
1.61×
0.99×
Q1 25
0.70×
1.36×
Q4 24
6.11×
6.84×
Q3 24
1.34×
2.62×
Q2 24
-0.68×
1.23×
Q1 24
-0.47×
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CODA
CODA

Segment Reporting$3.1M42%
Transferred At Point In Time$1.8M24%
Precision Acoustics Limited$1.3M18%
Other$1.1M15%

FCAP
FCAP

Segment breakdown not available.

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