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Side-by-side financial comparison of FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI) and Orion S.A. (OEC). Click either name above to swap in a different company.

Orion S.A. is the larger business by last-quarter revenue ($411.7M vs $9.1M, roughly 45.2× FLEXIBLE SOLUTIONS INTERNATIONAL INC). On growth, FLEXIBLE SOLUTIONS INTERNATIONAL INC posted the faster year-over-year revenue change (-0.5% vs -5.2%). Orion S.A. produced more free cash flow last quarter ($44.2M vs $-4.0M). Over the past eight quarters, FLEXIBLE SOLUTIONS INTERNATIONAL INC's revenue compounded faster (-0.6% CAGR vs -9.5%).

Flexible Solutions International Inc develops and manufactures specialty chemicals for water conservation, energy efficiency, and agricultural use. Core products include water body evaporative reduction solutions, farm crop yield additives, and swimming pool heat retention products, serving customers across North America and global agricultural markets.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

FSI vs OEC — Head-to-Head

Bigger by revenue
OEC
OEC
45.2× larger
OEC
$411.7M
$9.1M
FSI
Growing faster (revenue YoY)
FSI
FSI
+4.7% gap
FSI
-0.5%
-5.2%
OEC
More free cash flow
OEC
OEC
$48.2M more FCF
OEC
$44.2M
$-4.0M
FSI
Faster 2-yr revenue CAGR
FSI
FSI
Annualised
FSI
-0.6%
-9.5%
OEC

Income Statement — Q4 2025 vs Q4 2025

Metric
FSI
FSI
OEC
OEC
Revenue
$9.1M
$411.7M
Net Profit
$-460.9K
Gross Margin
29.4%
18.9%
Operating Margin
11.6%
4.3%
Net Margin
-5.1%
Revenue YoY
-0.5%
-5.2%
Net Profit YoY
-167.8%
EPS (diluted)
$-0.03
$-0.36

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
FSI
FSI
OEC
OEC
Q4 25
$9.1M
$411.7M
Q3 25
$10.6M
$450.9M
Q2 25
$11.4M
$466.4M
Q1 25
$7.5M
$477.7M
Q4 24
$9.2M
$434.2M
Q3 24
$9.3M
$463.4M
Q2 24
$10.5M
$477.0M
Q1 24
$9.2M
$502.9M
Net Profit
FSI
FSI
OEC
OEC
Q4 25
$-460.9K
Q3 25
$-503.4K
$-67.1M
Q2 25
$2.0M
$9.0M
Q1 25
$-277.7K
$9.1M
Q4 24
$679.6K
Q3 24
$611.9K
$-20.2M
Q2 24
$1.3M
$20.5M
Q1 24
$457.2K
$26.7M
Gross Margin
FSI
FSI
OEC
OEC
Q4 25
29.4%
18.9%
Q3 25
23.9%
19.0%
Q2 25
47.4%
21.1%
Q1 25
26.1%
20.5%
Q4 24
29.2%
20.6%
Q3 24
40.9%
23.2%
Q2 24
37.4%
23.0%
Q1 24
30.6%
24.3%
Operating Margin
FSI
FSI
OEC
OEC
Q4 25
11.6%
4.3%
Q3 25
2.9%
-11.9%
Q2 25
29.0%
6.9%
Q1 25
-0.9%
6.5%
Q4 24
9.4%
5.4%
Q3 24
20.5%
-3.3%
Q2 24
18.7%
8.7%
Q1 24
8.3%
10.5%
Net Margin
FSI
FSI
OEC
OEC
Q4 25
-5.1%
Q3 25
-4.8%
-14.9%
Q2 25
17.8%
1.9%
Q1 25
-3.7%
1.9%
Q4 24
7.4%
Q3 24
6.6%
-4.4%
Q2 24
12.3%
4.3%
Q1 24
5.0%
5.3%
EPS (diluted)
FSI
FSI
OEC
OEC
Q4 25
$-0.03
$-0.36
Q3 25
$-0.04
$-1.20
Q2 25
$0.15
$0.16
Q1 25
$-0.02
$0.16
Q4 24
$0.05
$0.31
Q3 24
$0.05
$-0.35
Q2 24
$0.10
$0.35
Q1 24
$0.04
$0.45

Balance Sheet & Financial Strength

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

Metric
FSI
FSI
OEC
OEC
Cash + ST InvestmentsLiquidity on hand
$60.7M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$38.9M
$384.6M
Total Assets
$61.8M
$1.9B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSI
FSI
OEC
OEC
Q4 25
$60.7M
Q3 25
$51.3M
Q2 25
$10.0M
$42.6M
Q1 25
$11.0M
$37.5M
Q4 24
$10.0M
$44.2M
Q3 24
$13.0M
$53.2M
Q2 24
$9.2M
$34.2M
Q1 24
$8.3M
$43.9M
Total Debt
FSI
FSI
OEC
OEC
Q4 25
$4.4M
Q3 25
$7.1M
Q2 25
$7.5M
Q1 25
$8.1M
Q4 24
$8.8M
Q3 24
$9.4M
Q2 24
$8.3M
Q1 24
$8.0M
Stockholders' Equity
FSI
FSI
OEC
OEC
Q4 25
$38.9M
$384.6M
Q3 25
$39.0M
$401.8M
Q2 25
$39.4M
$466.5M
Q1 25
$38.4M
$466.1M
Q4 24
$38.0M
$474.9M
Q3 24
$36.9M
$476.3M
Q2 24
$36.2M
$503.9M
Q1 24
$36.0M
$492.2M
Total Assets
FSI
FSI
OEC
OEC
Q4 25
$61.8M
$1.9B
Q3 25
$58.4M
$2.0B
Q2 25
$58.2M
$2.0B
Q1 25
$61.7M
$2.0B
Q4 24
$60.0M
$1.9B
Q3 24
$57.8M
$2.0B
Q2 24
$56.3M
$1.9B
Q1 24
$57.6M
$1.9B
Debt / Equity
FSI
FSI
OEC
OEC
Q4 25
0.11×
Q3 25
0.18×
Q2 25
0.19×
Q1 25
0.21×
Q4 24
0.23×
Q3 24
0.25×
Q2 24
0.23×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
FSI
FSI
OEC
OEC
Operating Cash FlowLast quarter
$-3.0M
$92.9M
Free Cash FlowOCF − Capex
$-4.0M
$44.2M
FCF MarginFCF / Revenue
-44.3%
10.7%
Capex IntensityCapex / Revenue
11.7%
11.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-591.7K
$54.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSI
FSI
OEC
OEC
Q4 25
$-3.0M
$92.9M
Q3 25
$2.0M
$68.8M
Q2 25
$5.3M
$53.7M
Q1 25
$-544.3K
$400.0K
Q4 24
$-2.2M
$94.5M
Q3 24
$2.5M
$-30.9M
Q2 24
$5.9M
$29.3M
Q1 24
$-604.8K
$32.4M
Free Cash Flow
FSI
FSI
OEC
OEC
Q4 25
$-4.0M
$44.2M
Q3 25
$39.4K
$27.9M
Q2 25
$4.3M
$11.5M
Q1 25
$-898.4K
$-28.8M
Q4 24
$-4.3M
$23.5M
Q3 24
$1.3M
$-78.8M
Q2 24
$4.7M
$-25.4M
Q1 24
$-1.1M
$-700.0K
FCF Margin
FSI
FSI
OEC
OEC
Q4 25
-44.3%
10.7%
Q3 25
0.4%
6.2%
Q2 25
37.9%
2.5%
Q1 25
-12.0%
-6.0%
Q4 24
-47.0%
5.4%
Q3 24
13.6%
-17.0%
Q2 24
44.9%
-5.3%
Q1 24
-11.7%
-0.1%
Capex Intensity
FSI
FSI
OEC
OEC
Q4 25
11.7%
11.8%
Q3 25
18.7%
9.1%
Q2 25
8.6%
9.0%
Q1 25
4.7%
6.1%
Q4 24
22.8%
16.4%
Q3 24
13.0%
10.3%
Q2 24
11.3%
11.5%
Q1 24
5.2%
6.6%
Cash Conversion
FSI
FSI
OEC
OEC
Q4 25
Q3 25
Q2 25
2.60×
5.97×
Q1 25
0.04×
Q4 24
-3.27×
Q3 24
4.05×
Q2 24
4.59×
1.43×
Q1 24
-1.32×
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FSI
FSI

Segment breakdown not available.

OEC
OEC

Rubber$272.0M66%
Specialties$139.7M34%

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