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Side-by-side financial comparison of Liquidia Corp (LQDA) and Origin Bancorp, Inc. (OBK). Click either name above to swap in a different company.

Origin Bancorp, Inc. is the larger business by last-quarter revenue ($104.0M vs $92.0M, roughly 1.1× Liquidia Corp). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs 15.8%, a 10.8% gap on every dollar of revenue.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".

LQDA vs OBK — Head-to-Head

Bigger by revenue
OBK
OBK
1.1× larger
OBK
$104.0M
$92.0M
LQDA
Higher net margin
OBK
OBK
10.8% more per $
OBK
26.6%
15.8%
LQDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LQDA
LQDA
OBK
OBK
Revenue
$92.0M
$104.0M
Net Profit
$14.6M
$27.7M
Gross Margin
Operating Margin
21.5%
Net Margin
15.8%
26.6%
Revenue YoY
3054.6%
Net Profit YoY
137.9%
EPS (diluted)
$0.18
$0.89

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
LQDA
LQDA
OBK
OBK
Q1 26
$104.0M
Q4 25
$92.0M
$103.4M
Q3 25
$54.3M
$109.8M
Q2 25
$83.5M
Q1 25
$94.1M
Q4 24
$78.3M
Q3 24
$90.8M
Q2 24
$96.4M
Net Profit
LQDA
LQDA
OBK
OBK
Q1 26
$27.7M
Q4 25
$14.6M
$29.5M
Q3 25
$-3.5M
$8.6M
Q2 25
$14.6M
Q1 25
$22.4M
Q4 24
$14.3M
Q3 24
$18.6M
Q2 24
$21.0M
Operating Margin
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
21.5%
36.2%
Q3 25
3.3%
10.0%
Q2 25
22.3%
Q1 25
30.4%
Q4 24
23.0%
Q3 24
26.1%
Q2 24
27.7%
Net Margin
LQDA
LQDA
OBK
OBK
Q1 26
26.6%
Q4 25
15.8%
28.5%
Q3 25
-6.5%
7.9%
Q2 25
17.5%
Q1 25
23.8%
Q4 24
18.2%
Q3 24
20.5%
Q2 24
21.8%
EPS (diluted)
LQDA
LQDA
OBK
OBK
Q1 26
$0.89
Q4 25
$0.18
$0.95
Q3 25
$-0.04
$0.27
Q2 25
$0.47
Q1 25
$0.71
Q4 24
$0.45
Q3 24
$0.60
Q2 24
$0.67

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
OBK
OBK
Cash + ST InvestmentsLiquidity on hand
$190.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.7M
$1.3B
Total Assets
$327.9M
$10.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
$190.7M
$424.2M
Q3 25
$157.5M
$626.9M
Q2 25
$334.1M
Q1 25
$486.2M
Q4 24
$470.2M
Q3 24
$321.2M
Q2 24
$288.1M
Stockholders' Equity
LQDA
LQDA
OBK
OBK
Q1 26
$1.3B
Q4 25
$44.7M
$1.2B
Q3 25
$22.1M
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Total Assets
LQDA
LQDA
OBK
OBK
Q1 26
$10.2B
Q4 25
$327.9M
$9.7B
Q3 25
$276.0M
$9.8B
Q2 25
$9.7B
Q1 25
$9.8B
Q4 24
$9.7B
Q3 24
$10.0B
Q2 24
$9.9B

Cash Flow & Capital Efficiency

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

Metric
LQDA
LQDA
OBK
OBK
Operating Cash FlowLast quarter
$44.2M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
$44.2M
$158.9M
Q3 25
$-9.8M
$59.3M
Q2 25
$20.6M
Q1 25
$35.6M
Q4 24
$108.5M
Q3 24
$39.6M
Q2 24
$11.9M
Free Cash Flow
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
$42.2M
$151.1M
Q3 25
$-10.7M
$56.8M
Q2 25
$19.6M
Q1 25
$34.8M
Q4 24
$86.4M
Q3 24
$32.2M
Q2 24
$6.5M
FCF Margin
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
45.9%
146.0%
Q3 25
-19.7%
51.7%
Q2 25
23.5%
Q1 25
37.0%
Q4 24
110.3%
Q3 24
35.5%
Q2 24
6.8%
Capex Intensity
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
2.2%
7.6%
Q3 25
1.7%
2.3%
Q2 25
1.2%
Q1 25
0.8%
Q4 24
28.1%
Q3 24
8.1%
Q2 24
5.6%
Cash Conversion
LQDA
LQDA
OBK
OBK
Q1 26
Q4 25
3.04×
5.38×
Q3 25
6.88×
Q2 25
1.41×
Q1 25
1.59×
Q4 24
7.60×
Q3 24
2.13×
Q2 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LQDA
LQDA

Segment breakdown not available.

OBK
OBK

Net Interest Income$87.2M84%
Noninterest Income$16.8M16%

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