vs
Side-by-side financial comparison of MAGIC SOFTWARE ENTERPRISES LTD (MGIC) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.
MAGIC SOFTWARE ENTERPRISES LTD is the larger business by last-quarter revenue ($419.6M vs $252.6M, roughly 1.7× PicoCELA Inc.). MAGIC SOFTWARE ENTERPRISES LTD runs the higher net margin — 8.4% vs -125.2%, a 133.6% gap on every dollar of revenue. MAGIC SOFTWARE ENTERPRISES LTD produced more free cash flow last quarter ($37.0M vs $-256.6M).
Magic Software Enterprises provides low-code integration and data management platforms that simplify the connection between legacy on-premise systems and modern cloud applications. Its flagship products — Magic xpi Integration Platform and FactoryEye Smart Factory Solution, enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.
PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.
MGIC vs PCLA — Head-to-Head
Income Statement — Q3 FY2023 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $419.6M | $252.6M |
| Net Profit | $35.3M | $-316.2M |
| Gross Margin | 27.1% | — |
| Operating Margin | 11.3% | -114.8% |
| Net Margin | 8.4% | -125.2% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| 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.
| Q1 25 | — | $252.6M | ||
| Q3 23 | $419.6M | — | ||
| Q2 23 | $275.7M | — | ||
| Q1 23 | $138.7M | — | ||
| Q3 22 | $347.3M | — | ||
| Q2 22 | $226.5M | — | ||
| Q1 22 | $107.3M | — |
| Q1 25 | — | $-316.2M | ||
| Q3 23 | $35.3M | — | ||
| Q2 23 | $22.2M | — | ||
| Q1 23 | $11.3M | — | ||
| Q3 22 | $26.6M | — | ||
| Q2 22 | $17.9M | — | ||
| Q1 22 | $8.8M | — |
| Q1 25 | — | — | ||
| Q3 23 | 27.1% | — | ||
| Q2 23 | 26.9% | — | ||
| Q1 23 | 27.1% | — | ||
| Q3 22 | 27.5% | — | ||
| Q2 22 | 27.8% | — | ||
| Q1 22 | 28.1% | — |
| Q1 25 | — | -114.8% | ||
| Q3 23 | 11.3% | — | ||
| Q2 23 | 11.3% | — | ||
| Q1 23 | 11.6% | — | ||
| Q3 22 | 10.6% | — | ||
| Q2 22 | 11.0% | — | ||
| Q1 22 | 11.4% | — |
| Q1 25 | — | -125.2% | ||
| Q3 23 | 8.4% | — | ||
| Q2 23 | 8.1% | — | ||
| Q1 23 | 8.1% | — | ||
| Q3 22 | 7.7% | — | ||
| Q2 22 | 7.9% | — | ||
| Q1 22 | 8.2% | — |
| Q1 25 | — | — | ||
| Q3 23 | — | — | ||
| Q2 23 | — | — | ||
| Q1 23 | — | — | ||
| Q3 22 | $0.47 | — | ||
| Q2 22 | $0.31 | — | ||
| Q1 22 | $0.15 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.1M | $456.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $276.3M | $354.8M |
| Total Assets | $505.1M | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 25 | — | $456.8M | ||
| Q3 23 | $83.1M | — | ||
| Q2 23 | $83.1M | — | ||
| Q1 23 | $83.1M | — | ||
| Q3 22 | $88.1M | — | ||
| Q2 22 | $88.1M | — | ||
| Q1 22 | $88.1M | — |
| Q1 25 | — | $354.8M | ||
| Q3 23 | $276.3M | — | ||
| Q2 23 | $276.3M | — | ||
| Q1 23 | $276.3M | — | ||
| Q3 22 | $275.7M | — | ||
| Q2 22 | $275.7M | — | ||
| Q1 22 | $275.7M | — |
| Q1 25 | — | $1.2B | ||
| Q3 23 | $505.1M | — | ||
| Q2 23 | $505.1M | — | ||
| Q1 23 | $505.1M | — | ||
| Q3 22 | $492.0M | — | ||
| Q2 22 | $492.0M | — | ||
| Q1 22 | $492.0M | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $40.3M | $-245.6M |
| Free Cash FlowOCF − Capex | $37.0M | $-256.6M |
| FCF MarginFCF / Revenue | 8.8% | -101.6% |
| Capex IntensityCapex / Revenue | 0.8% | 4.3% |
| Cash ConversionOCF / Net Profit | 1.14× | — |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 25 | — | $-245.6M | ||
| Q3 23 | $40.3M | — | ||
| Q2 23 | $18.4M | — | ||
| Q1 23 | $12.8M | — | ||
| Q3 22 | $34.2M | — | ||
| Q2 22 | $28.0M | — | ||
| Q1 22 | $15.9M | — |
| Q1 25 | — | $-256.6M | ||
| Q3 23 | $37.0M | — | ||
| Q2 23 | $16.2M | — | ||
| Q1 23 | $12.5M | — | ||
| Q3 22 | $33.2M | — | ||
| Q2 22 | $27.4M | — | ||
| Q1 22 | $15.4M | — |
| Q1 25 | — | -101.6% | ||
| Q3 23 | 8.8% | — | ||
| Q2 23 | 5.9% | — | ||
| Q1 23 | 9.0% | — | ||
| Q3 22 | 9.6% | — | ||
| Q2 22 | 12.1% | — | ||
| Q1 22 | 14.3% | — |
| Q1 25 | — | 4.3% | ||
| Q3 23 | 0.8% | — | ||
| Q2 23 | 0.8% | — | ||
| Q1 23 | 0.2% | — | ||
| Q3 22 | 0.3% | — | ||
| Q2 22 | 0.3% | — | ||
| Q1 22 | 0.5% | — |
| Q1 25 | — | — | ||
| Q3 23 | 1.14× | — | ||
| Q2 23 | 0.83× | — | ||
| Q1 23 | 1.13× | — | ||
| Q3 22 | 1.28× | — | ||
| Q2 22 | 1.57× | — | ||
| Q1 22 | 1.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MGIC
Segment breakdown not available.
PCLA
| Revenue from product | $179.1M | 71% |
| Revenue from SaaS, Maintenance and others | $42.4M | 17% |
| Revenue from product – related party | $31.0M | 12% |
