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

HUDSON TECHNOLOGIES INC is the larger business by last-quarter revenue ($44.4M vs $38.5M, roughly 1.2× Orchid Island Capital, Inc.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs -19.4%, a 288.2% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs 28.2%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs -17.5%).

Hudson Technologies Inc is a U.S.-based provider of sustainable refrigerant management solutions, offering virgin and reclaimed refrigerants, refrigerant recovery, reclamation, and compliance support services. It primarily serves the North American market, with core customers across the HVAC, commercial refrigeration, and industrial cooling sectors, focusing on supporting clients' transition to low-GWP refrigerant alternatives.

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.

HDSN vs ORC — Head-to-Head

Bigger by revenue
HDSN
HDSN
1.2× larger
HDSN
$44.4M
$38.5M
ORC
Growing faster (revenue YoY)
ORC
ORC
+344.4% gap
ORC
372.6%
28.2%
HDSN
Higher net margin
ORC
ORC
288.2% more per $
ORC
268.7%
-19.4%
HDSN
Faster 2-yr revenue CAGR
ORC
ORC
Annualised
ORC
301.6%
-17.5%
HDSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HDSN
HDSN
ORC
ORC
Revenue
$44.4M
$38.5M
Net Profit
$-8.6M
$103.4M
Gross Margin
8.0%
Operating Margin
-25.2%
Net Margin
-19.4%
268.7%
Revenue YoY
28.2%
372.6%
Net Profit YoY
-236.6%
1764.9%
EPS (diluted)
$-0.19

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
HDSN
HDSN
ORC
ORC
Q4 25
$44.4M
$38.5M
Q3 25
$74.0M
$26.9M
Q2 25
$72.8M
$23.2M
Q1 25
$55.3M
$19.7M
Q4 24
$34.6M
Q3 24
$61.9M
$340.0K
Q2 24
$75.3M
$-697.0K
Q1 24
$65.3M
$-2.5M
Net Profit
HDSN
HDSN
ORC
ORC
Q4 25
$-8.6M
$103.4M
Q3 25
$12.4M
$72.1M
Q2 25
$10.2M
$-33.6M
Q1 25
$2.8M
$17.1M
Q4 24
$-2.6M
Q3 24
$7.8M
$17.3M
Q2 24
$9.6M
$-5.0M
Q1 24
$9.6M
$19.8M
Gross Margin
HDSN
HDSN
ORC
ORC
Q4 25
8.0%
Q3 25
32.0%
Q2 25
31.3%
Q1 25
21.8%
Q4 24
16.7%
Q3 24
25.7%
Q2 24
30.0%
Q1 24
32.8%
Operating Margin
HDSN
HDSN
ORC
ORC
Q4 25
-25.2%
Q3 25
18.9%
Q2 25
17.5%
Q1 25
5.6%
Q4 24
-9.4%
Q3 24
11.3%
Q2 24
17.0%
Q1 24
19.6%
Net Margin
HDSN
HDSN
ORC
ORC
Q4 25
-19.4%
268.7%
Q3 25
16.7%
267.8%
Q2 25
14.0%
-145.0%
Q1 25
5.0%
86.9%
Q4 24
-7.4%
Q3 24
12.6%
5094.1%
Q2 24
12.7%
714.3%
Q1 24
14.7%
-794.2%
EPS (diluted)
HDSN
HDSN
ORC
ORC
Q4 25
$-0.19
Q3 25
$0.27
Q2 25
$0.23
Q1 25
$0.06
Q4 24
$-0.05
Q3 24
$0.17
Q2 24
$0.20
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
HDSN
HDSN
ORC
ORC
Cash + ST InvestmentsLiquidity on hand
$39.5M
$665.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$243.4M
$1.4B
Total Assets
$318.6M
$11.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HDSN
HDSN
ORC
ORC
Q4 25
$39.5M
$665.9M
Q3 25
$89.7M
$583.9M
Q2 25
$84.3M
$440.8M
Q1 25
$81.0M
$396.4M
Q4 24
$70.1M
Q3 24
$56.5M
$322.1M
Q2 24
$30.5M
$241.0M
Q1 24
$10.6M
$190.4M
Stockholders' Equity
HDSN
HDSN
ORC
ORC
Q4 25
$243.4M
$1.4B
Q3 25
$265.9M
$1.1B
Q2 25
$254.8M
$912.0M
Q1 25
$246.8M
$855.9M
Q4 24
$245.8M
Q3 24
$253.9M
$656.0M
Q2 24
$248.7M
$555.9M
Q1 24
$238.6M
$481.6M
Total Assets
HDSN
HDSN
ORC
ORC
Q4 25
$318.6M
$11.7B
Q3 25
$338.9M
$9.1B
Q2 25
$317.9M
$7.6B
Q1 25
$307.9M
$7.3B
Q4 24
$302.7M
Q3 24
$309.4M
$5.9B
Q2 24
$300.9M
$4.9B
Q1 24
$294.2M
$4.2B

Cash Flow & Capital Efficiency

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

Metric
HDSN
HDSN
ORC
ORC
Operating Cash FlowLast quarter
$-32.5M
$120.4M
Free Cash FlowOCF − Capex
$-33.7M
FCF MarginFCF / Revenue
-75.8%
Capex IntensityCapex / Revenue
2.5%
Cash ConversionOCF / Net Profit
1.16×
TTM Free Cash FlowTrailing 4 quarters
$-8.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HDSN
HDSN
ORC
ORC
Q4 25
$-32.5M
$120.4M
Q3 25
$8.8M
$28.0M
Q2 25
$6.4M
$18.4M
Q1 25
$14.2M
$25.8M
Q4 24
$20.7M
Q3 24
$30.3M
$-14.8M
Q2 24
$41.8M
$19.3M
Q1 24
$-933.0K
$45.0M
Free Cash Flow
HDSN
HDSN
ORC
ORC
Q4 25
$-33.7M
Q3 25
$6.7M
Q2 25
$5.9M
Q1 25
$12.7M
Q4 24
$19.2M
Q3 24
$28.6M
Q2 24
$40.6M
Q1 24
$-1.9M
FCF Margin
HDSN
HDSN
ORC
ORC
Q4 25
-75.8%
Q3 25
9.1%
Q2 25
8.2%
Q1 25
23.0%
Q4 24
55.3%
Q3 24
46.2%
Q2 24
54.0%
Q1 24
-2.9%
Capex Intensity
HDSN
HDSN
ORC
ORC
Q4 25
2.5%
Q3 25
2.8%
Q2 25
0.6%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
2.7%
Q2 24
1.5%
Q1 24
1.5%
Cash Conversion
HDSN
HDSN
ORC
ORC
Q4 25
1.16×
Q3 25
0.71×
0.39×
Q2 25
0.63×
Q1 25
5.13×
1.51×
Q4 24
Q3 24
3.88×
-0.86×
Q2 24
4.36×
Q1 24
-0.10×
2.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HDSN
HDSN

Products$43.1M97%
Services$1.3M3%

ORC
ORC

Segment breakdown not available.

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