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Side-by-side financial comparison of MIMEDX GROUP, INC. (MDXG) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

Orion Group Holdings Inc is the larger business by last-quarter revenue ($216.3M vs $118.1M, roughly 1.8× MIMEDX GROUP, INC.). MIMEDX GROUP, INC. runs the higher net margin — 12.9% vs 2.2%, a 10.7% gap on every dollar of revenue. On growth, MIMEDX GROUP, INC. posted the faster year-over-year revenue change (27.1% vs 14.6%). Over the past eight quarters, MIMEDX GROUP, INC.'s revenue compounded faster (18.1% CAGR vs 6.1%).

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

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.

MDXG vs ORN — Head-to-Head

Bigger by revenue
ORN
ORN
1.8× larger
ORN
$216.3M
$118.1M
MDXG
Growing faster (revenue YoY)
MDXG
MDXG
+12.5% gap
MDXG
27.1%
14.6%
ORN
Higher net margin
MDXG
MDXG
10.7% more per $
MDXG
12.9%
2.2%
ORN
Faster 2-yr revenue CAGR
MDXG
MDXG
Annualised
MDXG
18.1%
6.1%
ORN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MDXG
MDXG
ORN
ORN
Revenue
$118.1M
$216.3M
Net Profit
$15.2M
$4.7M
Gross Margin
83.9%
12.0%
Operating Margin
17.8%
Net Margin
12.9%
2.2%
Revenue YoY
27.1%
14.6%
Net Profit YoY
104.2%
435.7%
EPS (diluted)
$0.10
$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
MDXG
MDXG
ORN
ORN
Q1 26
$216.3M
Q4 25
$118.1M
$233.2M
Q3 25
$113.7M
$225.1M
Q2 25
$98.6M
$205.3M
Q1 25
$88.2M
$188.7M
Q4 24
$92.9M
$216.9M
Q3 24
$84.1M
$226.7M
Q2 24
$87.2M
$192.2M
Net Profit
MDXG
MDXG
ORN
ORN
Q1 26
$4.7M
Q4 25
$15.2M
$-240.0K
Q3 25
$16.7M
$3.3M
Q2 25
$9.6M
$841.0K
Q1 25
$7.0M
$-1.4M
Q4 24
$7.4M
$6.8M
Q3 24
$8.1M
$4.3M
Q2 24
$17.6M
$-6.6M
Gross Margin
MDXG
MDXG
ORN
ORN
Q1 26
12.0%
Q4 25
83.9%
11.6%
Q3 25
83.5%
13.2%
Q2 25
81.1%
12.6%
Q1 25
81.2%
12.2%
Q4 24
81.8%
14.0%
Q3 24
81.8%
11.9%
Q2 24
83.0%
9.5%
Operating Margin
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
17.8%
2.2%
Q3 25
19.5%
2.4%
Q2 25
12.5%
1.7%
Q1 25
9.4%
0.4%
Q4 24
11.9%
4.4%
Q3 24
13.3%
3.4%
Q2 24
26.9%
-1.4%
Net Margin
MDXG
MDXG
ORN
ORN
Q1 26
2.2%
Q4 25
12.9%
-0.1%
Q3 25
14.7%
1.5%
Q2 25
9.8%
0.4%
Q1 25
8.0%
-0.7%
Q4 24
8.0%
3.1%
Q3 24
9.6%
1.9%
Q2 24
20.2%
-3.4%
EPS (diluted)
MDXG
MDXG
ORN
ORN
Q1 26
$0.12
Q4 25
$0.10
$-0.00
Q3 25
$0.11
$0.08
Q2 25
$0.06
$0.02
Q1 25
$0.05
$-0.04
Q4 24
$0.05
$0.22
Q3 24
$0.05
$0.12
Q2 24
$0.12
$-0.20

Balance Sheet & Financial Strength

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

Metric
MDXG
MDXG
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$166.1M
$6.3M
Total DebtLower is stronger
$18.0M
Stockholders' EquityBook value
$256.5M
$166.7M
Total Assets
$342.7M
$478.7M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDXG
MDXG
ORN
ORN
Q1 26
$6.3M
Q4 25
$166.1M
$1.6M
Q3 25
$142.1M
$4.9M
Q2 25
$118.9M
$1.7M
Q1 25
$106.4M
$13.0M
Q4 24
$104.4M
$28.3M
Q3 24
$88.8M
$28.3M
Q2 24
$69.0M
$4.8M
Total Debt
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
$18.0M
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$19.0M
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
MDXG
MDXG
ORN
ORN
Q1 26
$166.7M
Q4 25
$256.5M
$159.0M
Q3 25
$238.9M
$157.9M
Q2 25
$216.6M
$153.2M
Q1 25
$202.8M
$150.8M
Q4 24
$193.1M
$150.7M
Q3 24
$181.0M
$142.4M
Q2 24
$168.0M
$111.1M
Total Assets
MDXG
MDXG
ORN
ORN
Q1 26
$478.7M
Q4 25
$342.7M
$414.7M
Q3 25
$319.0M
$422.4M
Q2 25
$291.1M
$432.7M
Q1 25
$270.4M
$416.3M
Q4 24
$263.9M
$417.3M
Q3 24
$243.9M
$430.3M
Q2 24
$230.2M
$414.0M
Debt / Equity
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
0.07×
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.10×
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
MDXG
MDXG
ORN
ORN
Operating Cash FlowLast quarter
$25.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.64×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
$25.0M
$13.8M
Q3 25
$29.3M
$23.3M
Q2 25
$14.4M
$-5.6M
Q1 25
$5.3M
$-3.4M
Q4 24
$18.8M
$13.4M
Q3 24
$19.6M
$37.5M
Q2 24
$21.8M
$-15.3M
Free Cash Flow
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
$454.0K
Q3 25
$13.9M
Q2 25
$-12.7M
Q1 25
$-12.5M
Q4 24
$9.9M
Q3 24
$33.3M
Q2 24
$-20.0M
FCF Margin
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
0.2%
Q3 25
6.2%
Q2 25
-6.2%
Q1 25
-6.6%
Q4 24
4.6%
Q3 24
14.7%
Q2 24
-10.4%
Capex Intensity
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
5.7%
Q3 25
4.2%
Q2 25
3.5%
Q1 25
4.8%
Q4 24
1.6%
Q3 24
1.8%
Q2 24
2.4%
Cash Conversion
MDXG
MDXG
ORN
ORN
Q1 26
Q4 25
1.64×
Q3 25
1.75×
7.05×
Q2 25
1.50×
-6.61×
Q1 25
0.75×
Q4 24
2.53×
1.98×
Q3 24
2.42×
8.79×
Q2 24
1.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

ORN
ORN

Segment breakdown not available.

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