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Side-by-side financial comparison of Kyivstar Group Ltd. (KYIV) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

Kyivstar Group Ltd. is the larger business by last-quarter revenue ($321.0M vs $216.3M, roughly 1.5× Orion Group Holdings Inc). Kyivstar Group Ltd. runs the higher net margin — 28.0% vs 2.2%, a 25.9% gap on every dollar of revenue.

Kyivstar is a Ukrainian telecommunications operator offering fixed and mobile voice and data services, including 4G LTE, throughout Ukraine. The Kyivstar mobile network covers all cities of Ukraine, as well as more than 28,000 rural settlements, all major national and regional routes, most sea, and river coasts. As of 2024, Kyivstar served approximately 24 million mobile subscribers and over 1 million fixed-broadband customers. In 2024, Kyivstar partnered with Starlink to offer satellite-base...

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.

KYIV vs ORN — Head-to-Head

Bigger by revenue
KYIV
KYIV
1.5× larger
KYIV
$321.0M
$216.3M
ORN
Higher net margin
KYIV
KYIV
25.9% more per $
KYIV
28.0%
2.2%
ORN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KYIV
KYIV
ORN
ORN
Revenue
$321.0M
$216.3M
Net Profit
$90.0M
$4.7M
Gross Margin
12.0%
Operating Margin
35.5%
Net Margin
28.0%
2.2%
Revenue YoY
14.6%
Net Profit YoY
435.7%
EPS (diluted)
$0.41
$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
KYIV
KYIV
ORN
ORN
Q1 26
$216.3M
Q4 25
$321.0M
$233.2M
Q3 25
$297.0M
$225.1M
Q2 25
$205.3M
Q1 25
$188.7M
Q4 24
$216.9M
Q3 24
$226.7M
Q2 24
$192.2M
Net Profit
KYIV
KYIV
ORN
ORN
Q1 26
$4.7M
Q4 25
$90.0M
$-240.0K
Q3 25
$-89.0M
$3.3M
Q2 25
$841.0K
Q1 25
$-1.4M
Q4 24
$6.8M
Q3 24
$4.3M
Q2 24
$-6.6M
Gross Margin
KYIV
KYIV
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
45.5%
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
KYIV
KYIV
ORN
ORN
Q1 26
Q4 25
35.5%
2.2%
Q3 25
-16.2%
2.4%
Q2 25
1.7%
Q1 25
0.4%
Q4 24
4.4%
Q3 24
3.4%
Q2 24
-1.4%
Net Margin
KYIV
KYIV
ORN
ORN
Q1 26
2.2%
Q4 25
28.0%
-0.1%
Q3 25
-30.0%
1.5%
Q2 25
0.4%
Q1 25
-0.7%
Q4 24
3.1%
Q3 24
1.9%
Q2 24
-3.4%
EPS (diluted)
KYIV
KYIV
ORN
ORN
Q1 26
$0.12
Q4 25
$0.41
$-0.00
Q3 25
$-0.41
$0.08
Q2 25
$0.02
Q1 25
$-0.04
Q4 24
$0.22
Q3 24
$0.12
Q2 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
KYIV
KYIV
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$455.0M
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$166.7M
Total Assets
$2.1B
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KYIV
KYIV
ORN
ORN
Q1 26
$6.3M
Q4 25
$455.0M
$1.6M
Q3 25
$472.0M
$4.9M
Q2 25
$1.7M
Q1 25
$13.0M
Q4 24
$28.3M
Q3 24
$28.3M
Q2 24
$4.8M
Total Debt
KYIV
KYIV
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
KYIV
KYIV
ORN
ORN
Q1 26
$166.7M
Q4 25
$1.3B
$159.0M
Q3 25
$1.2B
$157.9M
Q2 25
$153.2M
Q1 25
$150.8M
Q4 24
$150.7M
Q3 24
$142.4M
Q2 24
$111.1M
Total Assets
KYIV
KYIV
ORN
ORN
Q1 26
$478.7M
Q4 25
$2.1B
$414.7M
Q3 25
$2.0B
$422.4M
Q2 25
$432.7M
Q1 25
$416.3M
Q4 24
$417.3M
Q3 24
$430.3M
Q2 24
$414.0M
Debt / Equity
KYIV
KYIV
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
KYIV
KYIV
ORN
ORN
Operating Cash FlowLast quarter
$558.0M
Free Cash FlowOCF − Capex
$311.0M
FCF MarginFCF / Revenue
96.9%
Capex IntensityCapex / Revenue
76.9%
Cash ConversionOCF / Net Profit
6.20×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KYIV
KYIV
ORN
ORN
Q1 26
Q4 25
$558.0M
$13.8M
Q3 25
$406.0M
$23.3M
Q2 25
$-5.6M
Q1 25
$-3.4M
Q4 24
$13.4M
Q3 24
$37.5M
Q2 24
$-15.3M
Free Cash Flow
KYIV
KYIV
ORN
ORN
Q1 26
Q4 25
$311.0M
$454.0K
Q3 25
$250.0M
$13.9M
Q2 25
$-12.7M
Q1 25
$-12.5M
Q4 24
$9.9M
Q3 24
$33.3M
Q2 24
$-20.0M
FCF Margin
KYIV
KYIV
ORN
ORN
Q1 26
Q4 25
96.9%
0.2%
Q3 25
84.2%
6.2%
Q2 25
-6.2%
Q1 25
-6.6%
Q4 24
4.6%
Q3 24
14.7%
Q2 24
-10.4%
Capex Intensity
KYIV
KYIV
ORN
ORN
Q1 26
Q4 25
76.9%
5.7%
Q3 25
52.5%
4.2%
Q2 25
3.5%
Q1 25
4.8%
Q4 24
1.6%
Q3 24
1.8%
Q2 24
2.4%
Cash Conversion
KYIV
KYIV
ORN
ORN
Q1 26
Q4 25
6.20×
Q3 25
7.05×
Q2 25
-6.61×
Q1 25
Q4 24
1.98×
Q3 24
8.79×
Q2 24

Financial Flow Comparison

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

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