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Side-by-side financial comparison of IRIDEX CORP (IRIX) and Pathfinder Bancorp, Inc. (PBHC). Click either name above to swap in a different company.

IRIDEX CORP is the larger business by last-quarter revenue ($14.7M vs $11.8M, roughly 1.2× Pathfinder Bancorp, Inc.). On growth, Pathfinder Bancorp, Inc. posted the faster year-over-year revenue change (-22.6% vs -69.7%). Over the past eight quarters, IRIDEX CORP's revenue compounded faster (11.9% CAGR vs 3.0%).

IRIDEX Corporation is a global medical technology company that designs, manufactures and distributes advanced laser-based medical devices, primarily serving the ophthalmology and aesthetic medicine sectors. It supplies products to healthcare providers, clinics and medical facilities across North America, Europe, Asia Pacific and other regions, delivering minimally invasive solutions for eye disease treatment and cosmetic procedures.

Pathfinder Bancorp, Inc. is a regional bank holding company headquartered in New York, U.S. It operates Pathfinder Bank serving the central New York market, offering retail and commercial banking services including deposit accounts, mortgages, business loans and wealth management for individual consumers and small to medium-sized enterprises.

IRIX vs PBHC — Head-to-Head

Bigger by revenue
IRIX
IRIX
1.2× larger
IRIX
$14.7M
$11.8M
PBHC
Growing faster (revenue YoY)
PBHC
PBHC
+47.1% gap
PBHC
-22.6%
-69.7%
IRIX
Faster 2-yr revenue CAGR
IRIX
IRIX
Annualised
IRIX
11.9%
3.0%
PBHC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IRIX
IRIX
PBHC
PBHC
Revenue
$14.7M
$11.8M
Net Profit
$-5.6M
Gross Margin
37.2%
Operating Margin
-81.1%
Net Margin
-52.9%
Revenue YoY
-69.7%
-22.6%
Net Profit YoY
-242.4%
EPS (diluted)

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
IRIX
IRIX
PBHC
PBHC
Q4 25
$14.7M
$11.8M
Q3 25
$12.5M
$13.1M
Q2 25
$13.6M
$9.3M
Q1 25
$11.9M
$12.6M
Q4 24
$12.7M
$15.3M
Q3 24
$11.6M
$13.4M
Q2 24
$12.6M
$10.7M
Q1 24
$11.8M
$11.1M
Net Profit
IRIX
IRIX
PBHC
PBHC
Q4 25
$-5.6M
Q3 25
$-1.6M
$626.0K
Q2 25
$-994.0K
$31.0K
Q1 25
$-1.7M
$3.0M
Q4 24
$-834.0K
$3.9M
Q3 24
$-1.9M
$-4.6M
Q2 24
$-2.7M
$2.0M
Q1 24
$-3.5M
$2.1M
Gross Margin
IRIX
IRIX
PBHC
PBHC
Q4 25
37.2%
Q3 25
32.1%
Q2 25
34.5%
Q1 25
42.5%
Q4 24
44.0%
Q3 24
37.3%
Q2 24
40.7%
Q1 24
37.9%
Operating Margin
IRIX
IRIX
PBHC
PBHC
Q4 25
-81.1%
Q3 25
-11.3%
5.1%
Q2 25
-6.9%
0.4%
Q1 25
-1.7%
29.5%
Q4 24
-3.9%
55.4%
Q3 24
-16.1%
-43.1%
Q2 24
-20.9%
23.3%
Q1 24
-28.0%
24.3%
Net Margin
IRIX
IRIX
PBHC
PBHC
Q4 25
-52.9%
Q3 25
-12.6%
4.8%
Q2 25
-7.3%
0.3%
Q1 25
-14.2%
23.6%
Q4 24
-6.6%
37.7%
Q3 24
-16.7%
-34.6%
Q2 24
-21.2%
18.7%
Q1 24
-29.5%
19.0%
EPS (diluted)
IRIX
IRIX
PBHC
PBHC
Q4 25
Q3 25
$-0.09
$0.47
Q2 25
$-0.06
$0.47
Q1 25
$-0.10
Q4 24
$-0.05
Q3 24
$-0.12
$0.41
Q2 24
$-0.16
$0.41
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
IRIX
IRIX
PBHC
PBHC
Cash + ST InvestmentsLiquidity on hand
$6.0M
Total DebtLower is stronger
$14.1M
Stockholders' EquityBook value
$122.5M
Total Assets
$29.2M
$1.4B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IRIX
IRIX
PBHC
PBHC
Q4 25
$6.0M
Q3 25
$5.6M
Q2 25
$6.8M
Q1 25
$7.2M
Q4 24
$2.4M
Q3 24
$3.9M
Q2 24
$4.1M
Q1 24
$5.4M
Total Debt
IRIX
IRIX
PBHC
PBHC
Q4 25
$14.1M
Q3 25
$18.7M
Q2 25
$21.0M
Q1 25
$17.6M
Q4 24
$1.0M
$27.1M
Q3 24
$1.4M
$39.8M
Q2 24
$45.9M
Q1 24
$45.9M
Stockholders' Equity
IRIX
IRIX
PBHC
PBHC
Q4 25
$122.5M
Q3 25
$4.7M
$126.3M
Q2 25
$6.1M
$124.4M
Q1 25
$852.0K
$124.9M
Q4 24
$2.1M
$121.5M
Q3 24
$2.6M
$120.2M
Q2 24
$4.2M
$123.3M
Q1 24
$6.5M
$121.8M
Total Assets
IRIX
IRIX
PBHC
PBHC
Q4 25
$29.2M
$1.4B
Q3 25
$28.4M
$1.5B
Q2 25
$31.6M
$1.5B
Q1 25
$34.2M
$1.5B
Q4 24
$29.1M
$1.5B
Q3 24
$30.2M
$1.5B
Q2 24
$31.2M
$1.4B
Q1 24
$34.1M
$1.5B
Debt / Equity
IRIX
IRIX
PBHC
PBHC
Q4 25
0.11×
Q3 25
0.15×
Q2 25
0.17×
Q1 25
0.14×
Q4 24
0.48×
0.22×
Q3 24
0.53×
0.33×
Q2 24
0.37×
Q1 24
0.38×

Cash Flow & Capital Efficiency

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

Metric
IRIX
IRIX
PBHC
PBHC
Operating Cash FlowLast quarter
$11.7M
Free Cash FlowOCF − Capex
$10.4M
FCF MarginFCF / Revenue
88.1%
Capex IntensityCapex / Revenue
10.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$18.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IRIX
IRIX
PBHC
PBHC
Q4 25
$11.7M
Q3 25
$-1.2M
$7.0M
Q2 25
$-397.0K
$-3.7M
Q1 25
$-1.1M
$5.7M
Q4 24
$-1.2M
$11.2M
Q3 24
$-3.1M
$11.8M
Q2 24
$-1.3M
$1.5M
Q1 24
$-1.6M
$504.0K
Free Cash Flow
IRIX
IRIX
PBHC
PBHC
Q4 25
$10.4M
Q3 25
$-1.2M
$6.9M
Q2 25
$-410.0K
$-4.0M
Q1 25
$-1.2M
$5.1M
Q4 24
$-1.2M
$9.1M
Q3 24
$-3.1M
$11.3M
Q2 24
$637.0K
Q1 24
$-1.7M
$274.0K
FCF Margin
IRIX
IRIX
PBHC
PBHC
Q4 25
88.1%
Q3 25
-9.4%
52.8%
Q2 25
-3.0%
-42.6%
Q1 25
-9.8%
40.1%
Q4 24
-9.8%
59.9%
Q3 24
-26.5%
84.3%
Q2 24
6.0%
Q1 24
-14.0%
2.5%
Capex Intensity
IRIX
IRIX
PBHC
PBHC
Q4 25
10.7%
Q3 25
0.1%
1.0%
Q2 25
0.1%
2.4%
Q1 25
0.1%
5.1%
Q4 24
0.1%
13.5%
Q3 24
0.0%
3.8%
Q2 24
0.0%
8.2%
Q1 24
0.0%
2.1%
Cash Conversion
IRIX
IRIX
PBHC
PBHC
Q4 25
Q3 25
11.26×
Q2 25
-120.55×
Q1 25
1.92×
Q4 24
2.87×
Q3 24
Q2 24
0.76×
Q1 24
0.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IRIX
IRIX

Segment breakdown not available.

PBHC
PBHC

Other$5.6M47%
Banking$3.7M31%
Deposit Account$1.5M13%
Financial Service Other$1.0M9%

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