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Side-by-side financial comparison of INTERNATIONAL BANCSHARES CORP (IBOC) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

INTERNATIONAL BANCSHARES CORP is the larger business by last-quarter revenue ($217.7M vs $216.3M, roughly 1.0× Orion Group Holdings Inc). INTERNATIONAL BANCSHARES CORP runs the higher net margin — 62.3% vs 2.2%, a 60.2% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs 4.5%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% CAGR vs 2.8%).

International Bancshares Corporation is a bank holding company based in Laredo, Texas whose primary subsidiary is International Bank of Commerce. Through its bank subsidiaries, it has 217 banking offices and 315 automated teller machines serving 88 communities in the U.S. states of Texas and Oklahoma.

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.

IBOC vs ORN — Head-to-Head

Bigger by revenue
IBOC
IBOC
1.0× larger
IBOC
$217.7M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+10.1% gap
ORN
14.6%
4.5%
IBOC
Higher net margin
IBOC
IBOC
60.2% more per $
IBOC
62.3%
2.2%
ORN
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
2.8%
IBOC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
IBOC
IBOC
ORN
ORN
Revenue
$217.7M
$216.3M
Net Profit
$106.9M
$4.7M
Gross Margin
12.0%
Operating Margin
62.8%
Net Margin
62.3%
2.2%
Revenue YoY
4.5%
14.6%
Net Profit YoY
-7.1%
435.7%
EPS (diluted)
$1.71
$0.12

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
IBOC
IBOC
ORN
ORN
Q1 26
$216.3M
Q4 25
$217.7M
$233.2M
Q3 25
$218.1M
$225.1M
Q2 25
$208.2M
$205.3M
Q1 25
$198.2M
$188.7M
Q4 24
$208.3M
$216.9M
Q3 24
$211.8M
$226.7M
Q2 24
$207.8M
$192.2M
Net Profit
IBOC
IBOC
ORN
ORN
Q1 26
$4.7M
Q4 25
$106.9M
$-240.0K
Q3 25
$108.4M
$3.3M
Q2 25
$100.1M
$841.0K
Q1 25
$96.9M
$-1.4M
Q4 24
$115.1M
$6.8M
Q3 24
$99.8M
$4.3M
Q2 24
$97.0M
$-6.6M
Gross Margin
IBOC
IBOC
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
62.8%
2.2%
Q3 25
62.6%
2.4%
Q2 25
60.5%
1.7%
Q1 25
61.1%
0.4%
Q4 24
64.2%
4.4%
Q3 24
60.0%
3.4%
Q2 24
60.1%
-1.4%
Net Margin
IBOC
IBOC
ORN
ORN
Q1 26
2.2%
Q4 25
62.3%
-0.1%
Q3 25
49.7%
1.5%
Q2 25
48.1%
0.4%
Q1 25
48.9%
-0.7%
Q4 24
71.5%
3.1%
Q3 24
47.1%
1.9%
Q2 24
46.7%
-3.4%
EPS (diluted)
IBOC
IBOC
ORN
ORN
Q1 26
$0.12
Q4 25
$1.71
$-0.00
Q3 25
$1.74
$0.08
Q2 25
$1.61
$0.02
Q1 25
$1.56
$-0.04
Q4 24
$1.85
$0.22
Q3 24
$1.60
$0.12
Q2 24
$1.56
$-0.20

Balance Sheet & Financial Strength

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

Metric
IBOC
IBOC
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$5.5B
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.3B
$166.7M
Total Assets
$16.6B
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IBOC
IBOC
ORN
ORN
Q1 26
$6.3M
Q4 25
$5.5B
$1.6M
Q3 25
$5.6B
$4.9M
Q2 25
$5.8B
$1.7M
Q1 25
$5.6B
$13.0M
Q4 24
$5.4B
$28.3M
Q3 24
$5.8B
$28.3M
Q2 24
$5.7B
$4.8M
Total Debt
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
IBOC
IBOC
ORN
ORN
Q1 26
$166.7M
Q4 25
$3.3B
$159.0M
Q3 25
$3.1B
$157.9M
Q2 25
$3.0B
$153.2M
Q1 25
$2.9B
$150.8M
Q4 24
$2.8B
$150.7M
Q3 24
$2.7B
$142.4M
Q2 24
$2.6B
$111.1M
Total Assets
IBOC
IBOC
ORN
ORN
Q1 26
$478.7M
Q4 25
$16.6B
$414.7M
Q3 25
$16.6B
$422.4M
Q2 25
$16.5B
$432.7M
Q1 25
$16.3B
$416.3M
Q4 24
$15.7B
$417.3M
Q3 24
$15.9B
$430.3M
Q2 24
$15.5B
$414.0M
Debt / Equity
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

Cash Flow & Capital Efficiency

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

Metric
IBOC
IBOC
ORN
ORN
Operating Cash FlowLast quarter
$491.1M
Free Cash FlowOCF − Capex
$472.9M
FCF MarginFCF / Revenue
217.2%
Capex IntensityCapex / Revenue
8.3%
Cash ConversionOCF / Net Profit
4.59×
TTM Free Cash FlowTrailing 4 quarters
$809.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
$491.1M
$13.8M
Q3 25
$115.2M
$23.3M
Q2 25
$95.5M
$-5.6M
Q1 25
$140.5M
$-3.4M
Q4 24
$473.9M
$13.4M
Q3 24
$116.5M
$37.5M
Q2 24
$107.2M
$-15.3M
Free Cash Flow
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
$472.9M
$454.0K
Q3 25
$112.2M
$13.9M
Q2 25
$91.6M
$-12.7M
Q1 25
$133.1M
$-12.5M
Q4 24
$459.8M
$9.9M
Q3 24
$109.6M
$33.3M
Q2 24
$104.9M
$-20.0M
FCF Margin
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
217.2%
0.2%
Q3 25
51.5%
6.2%
Q2 25
44.0%
-6.2%
Q1 25
67.1%
-6.6%
Q4 24
220.8%
4.6%
Q3 24
51.7%
14.7%
Q2 24
50.5%
-10.4%
Capex Intensity
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
8.3%
5.7%
Q3 25
1.3%
4.2%
Q2 25
1.9%
3.5%
Q1 25
3.7%
4.8%
Q4 24
6.8%
1.6%
Q3 24
3.3%
1.8%
Q2 24
1.1%
2.4%
Cash Conversion
IBOC
IBOC
ORN
ORN
Q1 26
Q4 25
4.59×
Q3 25
1.06×
7.05×
Q2 25
0.95×
-6.61×
Q1 25
1.45×
Q4 24
4.12×
1.98×
Q3 24
1.17×
8.79×
Q2 24
1.11×

Financial Flow Comparison

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

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