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

Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $44.4M, roughly 1.4× HUDSON TECHNOLOGIES INC). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 28.2%). HUDSON TECHNOLOGIES INC produced more free cash flow last quarter ($-33.7M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% 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.

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

HDSN vs OUST — Head-to-Head

Bigger by revenue
OUST
OUST
1.4× larger
OUST
$62.2M
$44.4M
HDSN
Growing faster (revenue YoY)
OUST
OUST
+78.4% gap
OUST
106.6%
28.2%
HDSN
More free cash flow
HDSN
HDSN
$3.5M more FCF
HDSN
$-33.7M
$-37.2M
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
-17.5%
HDSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HDSN
HDSN
OUST
OUST
Revenue
$44.4M
$62.2M
Net Profit
$-8.6M
Gross Margin
8.0%
60.2%
Operating Margin
-25.2%
1.5%
Net Margin
-19.4%
Revenue YoY
28.2%
106.6%
Net Profit YoY
-236.6%
EPS (diluted)
$-0.19
$0.10

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
OUST
OUST
Q4 25
$44.4M
$62.2M
Q3 25
$74.0M
$39.5M
Q2 25
$72.8M
$35.0M
Q1 25
$55.3M
$32.6M
Q4 24
$34.6M
$30.1M
Q3 24
$61.9M
$28.1M
Q2 24
$75.3M
$27.0M
Q1 24
$65.3M
$25.9M
Net Profit
HDSN
HDSN
OUST
OUST
Q4 25
$-8.6M
Q3 25
$12.4M
$-21.7M
Q2 25
$10.2M
$-20.6M
Q1 25
$2.8M
$-22.0M
Q4 24
$-2.6M
Q3 24
$7.8M
$-25.6M
Q2 24
$9.6M
$-23.9M
Q1 24
$9.6M
$-23.8M
Gross Margin
HDSN
HDSN
OUST
OUST
Q4 25
8.0%
60.2%
Q3 25
32.0%
42.1%
Q2 25
31.3%
45.2%
Q1 25
21.8%
41.3%
Q4 24
16.7%
43.8%
Q3 24
25.7%
38.3%
Q2 24
30.0%
33.7%
Q1 24
32.8%
28.6%
Operating Margin
HDSN
HDSN
OUST
OUST
Q4 25
-25.2%
1.5%
Q3 25
18.9%
-61.4%
Q2 25
17.5%
-76.5%
Q1 25
5.6%
-73.0%
Q4 24
-9.4%
-85.1%
Q3 24
11.3%
-98.0%
Q2 24
17.0%
-93.6%
Q1 24
19.6%
-99.5%
Net Margin
HDSN
HDSN
OUST
OUST
Q4 25
-19.4%
Q3 25
16.7%
-55.0%
Q2 25
14.0%
-58.8%
Q1 25
5.0%
-67.5%
Q4 24
-7.4%
Q3 24
12.6%
-91.1%
Q2 24
12.7%
-88.4%
Q1 24
14.7%
-91.9%
EPS (diluted)
HDSN
HDSN
OUST
OUST
Q4 25
$-0.19
$0.10
Q3 25
$0.27
$-0.37
Q2 25
$0.23
$-0.38
Q1 25
$0.06
$-0.42
Q4 24
$-0.05
$-0.46
Q3 24
$0.17
$-0.54
Q2 24
$0.20
$-0.53
Q1 24
$0.20
$-0.55

Balance Sheet & Financial Strength

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

Metric
HDSN
HDSN
OUST
OUST
Cash + ST InvestmentsLiquidity on hand
$39.5M
$208.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$243.4M
$261.7M
Total Assets
$318.6M
$349.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HDSN
HDSN
OUST
OUST
Q4 25
$39.5M
$208.6M
Q3 25
$89.7M
$244.5M
Q2 25
$84.3M
$226.5M
Q1 25
$81.0M
$168.2M
Q4 24
$70.1M
$172.0M
Q3 24
$56.5M
$151.4M
Q2 24
$30.5M
$184.2M
Q1 24
$10.6M
$187.8M
Stockholders' Equity
HDSN
HDSN
OUST
OUST
Q4 25
$243.4M
$261.7M
Q3 25
$265.9M
$247.4M
Q2 25
$254.8M
$221.0M
Q1 25
$246.8M
$167.9M
Q4 24
$245.8M
$180.9M
Q3 24
$253.9M
$171.7M
Q2 24
$248.7M
$170.6M
Q1 24
$238.6M
$167.2M
Total Assets
HDSN
HDSN
OUST
OUST
Q4 25
$318.6M
$349.5M
Q3 25
$338.9M
$353.8M
Q2 25
$317.9M
$321.8M
Q1 25
$307.9M
$268.6M
Q4 24
$302.7M
$276.1M
Q3 24
$309.4M
$255.2M
Q2 24
$300.9M
$309.9M
Q1 24
$294.2M
$317.7M

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
OUST
OUST
Operating Cash FlowLast quarter
$-32.5M
$-15.4M
Free Cash FlowOCF − Capex
$-33.7M
$-37.2M
FCF MarginFCF / Revenue
-75.8%
-59.8%
Capex IntensityCapex / Revenue
2.5%
35.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-8.2M
$-64.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HDSN
HDSN
OUST
OUST
Q4 25
$-32.5M
$-15.4M
Q3 25
$8.8M
$-18.3M
Q2 25
$6.4M
$-1.3M
Q1 25
$14.2M
$-4.9M
Q4 24
$20.7M
$-2.6M
Q3 24
$30.3M
$-3.8M
Q2 24
$41.8M
$-21.6M
Q1 24
$-933.0K
$-5.7M
Free Cash Flow
HDSN
HDSN
OUST
OUST
Q4 25
$-33.7M
$-37.2M
Q3 25
$6.7M
$-20.0M
Q2 25
$5.9M
$-2.2M
Q1 25
$12.7M
$-5.4M
Q4 24
$19.2M
$-4.0M
Q3 24
$28.6M
$-4.3M
Q2 24
$40.6M
$-22.0M
Q1 24
$-1.9M
$-7.1M
FCF Margin
HDSN
HDSN
OUST
OUST
Q4 25
-75.8%
-59.8%
Q3 25
9.1%
-50.7%
Q2 25
8.2%
-6.3%
Q1 25
23.0%
-16.6%
Q4 24
55.3%
-13.3%
Q3 24
46.2%
-15.4%
Q2 24
54.0%
-81.5%
Q1 24
-2.9%
-27.4%
Capex Intensity
HDSN
HDSN
OUST
OUST
Q4 25
2.5%
35.0%
Q3 25
2.8%
4.3%
Q2 25
0.6%
2.5%
Q1 25
2.5%
1.7%
Q4 24
4.5%
4.8%
Q3 24
2.7%
2.0%
Q2 24
1.5%
1.3%
Q1 24
1.5%
5.3%
Cash Conversion
HDSN
HDSN
OUST
OUST
Q4 25
Q3 25
0.71×
Q2 25
0.63×
Q1 25
5.13×
Q4 24
Q3 24
3.88×
Q2 24
4.36×
Q1 24
-0.10×

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%

OUST
OUST

Segment breakdown not available.

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