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Side-by-side financial comparison of DELCATH SYSTEMS, INC. (DCTH) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.

Orchid Island Capital, Inc. is the larger business by last-quarter revenue ($38.5M vs $20.7M, roughly 1.9× DELCATH SYSTEMS, INC.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -9.1%, a 277.9% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs 37.3%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs 157.0%).

Delcath Systems, Inc. is a publicly traded specialty pharmaceutical and medical device company, that develops percutaneous perfusion technologies for the targeted administration of high-dose chemotherapeutic agents to specific organs or regions of the body. Based in Queensbury, New York, the company has an intellectual property portfolio consisting of 28 patents worldwide. Delcath's Percutaneous Hepatic Perfusion (PHP) is currently undergoing Phase II and Phase III trials against tumors in th...

Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.

DCTH vs ORC — Head-to-Head

Bigger by revenue
ORC
ORC
1.9× larger
ORC
$38.5M
$20.7M
DCTH
Growing faster (revenue YoY)
ORC
ORC
+335.3% gap
ORC
372.6%
37.3%
DCTH
Higher net margin
ORC
ORC
277.9% more per $
ORC
268.7%
-9.1%
DCTH
Faster 2-yr revenue CAGR
ORC
ORC
Annualised
ORC
301.6%
157.0%
DCTH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DCTH
DCTH
ORC
ORC
Revenue
$20.7M
$38.5M
Net Profit
$-1.9M
$103.4M
Gross Margin
85.5%
Operating Margin
-10.5%
Net Margin
-9.1%
268.7%
Revenue YoY
37.3%
372.6%
Net Profit YoY
44.2%
1764.9%
EPS (diluted)
$-0.05

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
DCTH
DCTH
ORC
ORC
Q4 25
$20.7M
$38.5M
Q3 25
$20.6M
$26.9M
Q2 25
$24.2M
$23.2M
Q1 25
$19.8M
$19.7M
Q4 24
$15.1M
Q3 24
$11.2M
$340.0K
Q2 24
$7.8M
$-697.0K
Q1 24
$3.1M
$-2.5M
Net Profit
DCTH
DCTH
ORC
ORC
Q4 25
$-1.9M
$103.4M
Q3 25
$830.0K
$72.1M
Q2 25
$2.7M
$-33.6M
Q1 25
$1.1M
$17.1M
Q4 24
$-3.4M
Q3 24
$1.9M
$17.3M
Q2 24
$-13.7M
$-5.0M
Q1 24
$-11.1M
$19.8M
Gross Margin
DCTH
DCTH
ORC
ORC
Q4 25
85.5%
Q3 25
87.2%
Q2 25
86.3%
Q1 25
85.6%
Q4 24
85.9%
Q3 24
85.4%
Q2 24
80.4%
Q1 24
71.2%
Operating Margin
DCTH
DCTH
ORC
ORC
Q4 25
-10.5%
Q3 25
-1.9%
Q2 25
10.7%
Q1 25
3.2%
Q4 24
20.1%
Q3 24
-11.2%
Q2 24
-50.4%
Q1 24
-327.4%
Net Margin
DCTH
DCTH
ORC
ORC
Q4 25
-9.1%
268.7%
Q3 25
4.0%
267.8%
Q2 25
11.2%
-145.0%
Q1 25
5.4%
86.9%
Q4 24
-22.5%
Q3 24
16.6%
5094.1%
Q2 24
-176.9%
714.3%
Q1 24
-354.0%
-794.2%
EPS (diluted)
DCTH
DCTH
ORC
ORC
Q4 25
$-0.05
Q3 25
$0.02
Q2 25
$0.07
Q1 25
$0.03
Q4 24
$-0.06
Q3 24
$0.06
Q2 24
$-0.48
Q1 24
$-0.45

Balance Sheet & Financial Strength

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

Metric
DCTH
DCTH
ORC
ORC
Cash + ST InvestmentsLiquidity on hand
$43.5M
$665.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$111.2M
$1.4B
Total Assets
$123.6M
$11.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DCTH
DCTH
ORC
ORC
Q4 25
$43.5M
$665.9M
Q3 25
$41.8M
$583.9M
Q2 25
$34.4M
$440.8M
Q1 25
$12.8M
$396.4M
Q4 24
$32.4M
Q3 24
$8.3M
$322.1M
Q2 24
$14.8M
$241.0M
Q1 24
$11.8M
$190.4M
Total Debt
DCTH
DCTH
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$2.0M
Q2 24
$4.5M
Q1 24
$7.4M
Stockholders' Equity
DCTH
DCTH
ORC
ORC
Q4 25
$111.2M
$1.4B
Q3 25
$114.8M
$1.1B
Q2 25
$105.0M
$912.0M
Q1 25
$80.2M
$855.9M
Q4 24
$68.7M
Q3 24
$8.6M
$656.0M
Q2 24
$4.2M
$555.9M
Q1 24
$14.6M
$481.6M
Total Assets
DCTH
DCTH
ORC
ORC
Q4 25
$123.6M
$11.7B
Q3 25
$124.3M
$9.1B
Q2 25
$116.9M
$7.6B
Q1 25
$87.3M
$7.3B
Q4 24
$76.6M
Q3 24
$31.7M
$5.9B
Q2 24
$33.9M
$4.9B
Q1 24
$36.1M
$4.2B
Debt / Equity
DCTH
DCTH
ORC
ORC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.23×
Q2 24
1.07×
Q1 24
0.50×

Cash Flow & Capital Efficiency

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

Metric
DCTH
DCTH
ORC
ORC
Operating Cash FlowLast quarter
$8.2M
$120.4M
Free Cash FlowOCF − Capex
$7.7M
FCF MarginFCF / Revenue
37.1%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
1.16×
TTM Free Cash FlowTrailing 4 quarters
$21.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DCTH
DCTH
ORC
ORC
Q4 25
$8.2M
$120.4M
Q3 25
$4.8M
$28.0M
Q2 25
$7.3M
$18.4M
Q1 25
$2.2M
$25.8M
Q4 24
$-1.0M
Q3 24
$-3.6M
$-14.8M
Q2 24
$-4.5M
$19.3M
Q1 24
$-9.6M
$45.0M
Free Cash Flow
DCTH
DCTH
ORC
ORC
Q4 25
$7.7M
Q3 25
$4.3M
Q2 25
$6.9M
Q1 25
$2.1M
Q4 24
$-1.2M
Q3 24
$-3.9M
Q2 24
$-4.6M
Q1 24
$-9.6M
FCF Margin
DCTH
DCTH
ORC
ORC
Q4 25
37.1%
Q3 25
21.0%
Q2 25
28.5%
Q1 25
10.4%
Q4 24
-8.2%
Q3 24
-34.4%
Q2 24
-58.6%
Q1 24
-305.7%
Capex Intensity
DCTH
DCTH
ORC
ORC
Q4 25
2.7%
Q3 25
2.2%
Q2 25
1.6%
Q1 25
0.7%
Q4 24
1.5%
Q3 24
1.9%
Q2 24
1.3%
Q1 24
0.4%
Cash Conversion
DCTH
DCTH
ORC
ORC
Q4 25
1.16×
Q3 25
5.75×
0.39×
Q2 25
2.70×
Q1 25
2.06×
1.51×
Q4 24
Q3 24
-1.95×
-0.86×
Q2 24
Q1 24
2.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DCTH
DCTH

HEPZATOKIT$19.1M92%
CHEMOSAT$1.7M8%

ORC
ORC

Segment breakdown not available.

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