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Side-by-side financial comparison of JOINT Corp (JYNT) and OCULAR THERAPEUTIX, INC (OCUL). Click either name above to swap in a different company.

JOINT Corp is the larger business by last-quarter revenue ($15.2M vs $13.3M, roughly 1.1× OCULAR THERAPEUTIX, INC). JOINT Corp runs the higher net margin — 6.5% vs -488.0%, a 494.5% gap on every dollar of revenue. On growth, JOINT Corp posted the faster year-over-year revenue change (3.1% vs -22.4%). JOINT Corp produced more free cash flow last quarter ($334.7K vs $-57.1M). Over the past eight quarters, OCULAR THERAPEUTIX, INC's revenue compounded faster (-5.3% CAGR vs -28.6%).

The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.

Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.

JYNT vs OCUL — Head-to-Head

Bigger by revenue
JYNT
JYNT
1.1× larger
JYNT
$15.2M
$13.3M
OCUL
Growing faster (revenue YoY)
JYNT
JYNT
+25.5% gap
JYNT
3.1%
-22.4%
OCUL
Higher net margin
JYNT
JYNT
494.5% more per $
JYNT
6.5%
-488.0%
OCUL
More free cash flow
JYNT
JYNT
$57.4M more FCF
JYNT
$334.7K
$-57.1M
OCUL
Faster 2-yr revenue CAGR
OCUL
OCUL
Annualised
OCUL
-5.3%
-28.6%
JYNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JYNT
JYNT
OCUL
OCUL
Revenue
$15.2M
$13.3M
Net Profit
$991.1K
$-64.7M
Gross Margin
81.4%
88.0%
Operating Margin
4.9%
-526.5%
Net Margin
6.5%
-488.0%
Revenue YoY
3.1%
-22.4%
Net Profit YoY
5510.5%
-33.6%
EPS (diluted)
$0.06
$-0.27

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
JYNT
JYNT
OCUL
OCUL
Q4 25
$15.2M
$13.3M
Q3 25
$13.4M
$14.5M
Q2 25
$13.3M
$13.5M
Q1 25
$13.1M
$10.7M
Q4 24
$14.7M
$17.1M
Q3 24
$30.2M
$15.4M
Q2 24
$30.3M
$16.4M
Q1 24
$29.7M
$14.8M
Net Profit
JYNT
JYNT
OCUL
OCUL
Q4 25
$991.1K
$-64.7M
Q3 25
$855.0K
$-69.4M
Q2 25
$93.4K
$-67.8M
Q1 25
$967.8K
$-64.1M
Q4 24
$17.7K
$-48.4M
Q3 24
$-3.2M
$-36.5M
Q2 24
$-3.6M
$-43.8M
Q1 24
$947.0K
$-64.8M
Gross Margin
JYNT
JYNT
OCUL
OCUL
Q4 25
81.4%
88.0%
Q3 25
80.1%
87.8%
Q2 25
79.1%
85.6%
Q1 25
77.3%
88.2%
Q4 24
78.4%
92.8%
Q3 24
90.7%
89.9%
Q2 24
90.7%
90.8%
Q1 24
90.9%
91.0%
Operating Margin
JYNT
JYNT
OCUL
OCUL
Q4 25
4.9%
-526.5%
Q3 25
1.2%
-472.3%
Q2 25
-8.6%
-502.6%
Q1 25
-5.2%
-597.5%
Q4 24
5.5%
-296.1%
Q3 24
-1.6%
-298.2%
Q2 24
-5.9%
-265.1%
Q1 24
-1.4%
-214.0%
Net Margin
JYNT
JYNT
OCUL
OCUL
Q4 25
6.5%
-488.0%
Q3 25
6.4%
-477.3%
Q2 25
0.7%
-503.9%
Q1 25
7.4%
-598.7%
Q4 24
0.1%
-283.3%
Q3 24
-10.5%
-236.6%
Q2 24
-11.9%
-266.3%
Q1 24
3.2%
-438.9%
EPS (diluted)
JYNT
JYNT
OCUL
OCUL
Q4 25
$0.06
$-0.27
Q3 25
$0.06
$-0.38
Q2 25
$0.01
$-0.39
Q1 25
$0.06
$-0.38
Q4 24
$0.01
$-0.25
Q3 24
$-0.21
$-0.22
Q2 24
$-0.24
$-0.26
Q1 24
$0.06
$-0.49

Balance Sheet & Financial Strength

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

Metric
JYNT
JYNT
OCUL
OCUL
Cash + ST InvestmentsLiquidity on hand
$23.6M
$737.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.1M
$654.3M
Total Assets
$61.0M
$808.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JYNT
JYNT
OCUL
OCUL
Q4 25
$23.6M
$737.1M
Q3 25
$29.7M
$344.8M
Q2 25
$29.8M
$391.1M
Q1 25
$21.9M
$349.7M
Q4 24
$25.1M
$392.1M
Q3 24
$20.7M
$427.2M
Q2 24
$17.5M
$459.7M
Q1 24
$18.7M
$482.9M
Stockholders' Equity
JYNT
JYNT
OCUL
OCUL
Q4 25
$15.1M
$654.3M
Q3 25
$22.7M
$258.2M
Q2 25
$23.2M
$305.9M
Q1 25
$22.8M
$265.9M
Q4 24
$20.7M
$315.3M
Q3 24
$20.5M
$352.0M
Q2 24
$23.2M
$377.7M
Q1 24
$26.2M
$408.0M
Total Assets
JYNT
JYNT
OCUL
OCUL
Q4 25
$61.0M
$808.1M
Q3 25
$69.4M
$410.9M
Q2 25
$73.2M
$451.3M
Q1 25
$80.1M
$405.9M
Q4 24
$83.2M
$457.9M
Q3 24
$79.6M
$490.4M
Q2 24
$82.4M
$517.1M
Q1 24
$85.7M
$538.9M

Cash Flow & Capital Efficiency

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

Metric
JYNT
JYNT
OCUL
OCUL
Operating Cash FlowLast quarter
$1.8M
$-54.2M
Free Cash FlowOCF − Capex
$334.7K
$-57.1M
FCF MarginFCF / Revenue
2.2%
-430.9%
Capex IntensityCapex / Revenue
9.9%
21.4%
Cash ConversionOCF / Net Profit
1.86×
TTM Free Cash FlowTrailing 4 quarters
$-1.9M
$-216.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JYNT
JYNT
OCUL
OCUL
Q4 25
$1.8M
$-54.2M
Q3 25
$1.8M
$-50.7M
Q2 25
$868.6K
$-55.2M
Q1 25
$-3.7M
$-44.7M
Q4 24
$9.4M
$-39.4M
Q3 24
$3.4M
$-36.6M
Q2 24
$-973.5K
$-24.8M
Q1 24
$2.8M
$-33.9M
Free Cash Flow
JYNT
JYNT
OCUL
OCUL
Q4 25
$334.7K
$-57.1M
Q3 25
$1.5M
$-56.7M
Q2 25
$363.6K
$-56.5M
Q1 25
$-4.0M
$-46.6M
Q4 24
$8.2M
$-39.6M
Q3 24
$3.2M
$-36.6M
Q2 24
$-1.2M
$-25.5M
Q1 24
$2.4M
$-34.1M
FCF Margin
JYNT
JYNT
OCUL
OCUL
Q4 25
2.2%
-430.9%
Q3 25
10.9%
-390.0%
Q2 25
2.7%
-419.7%
Q1 25
-30.8%
-435.6%
Q4 24
55.9%
-232.0%
Q3 24
10.6%
-237.6%
Q2 24
-4.1%
-155.4%
Q1 24
8.1%
-231.1%
Capex Intensity
JYNT
JYNT
OCUL
OCUL
Q4 25
9.9%
21.4%
Q3 25
2.4%
41.2%
Q2 25
3.8%
9.3%
Q1 25
2.5%
18.1%
Q4 24
8.1%
1.2%
Q3 24
0.8%
0.6%
Q2 24
0.9%
4.5%
Q1 24
1.3%
1.7%
Cash Conversion
JYNT
JYNT
OCUL
OCUL
Q4 25
1.86×
Q3 25
2.07×
Q2 25
9.30×
Q1 25
-3.82×
Q4 24
532.98×
Q3 24
Q2 24
Q1 24
2.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JYNT
JYNT

Transferred At Point In Time$12.8M84%
Transferred Over Time$2.4M16%

OCUL
OCUL

Segment breakdown not available.

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