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Side-by-side financial comparison of NaaS Technology Inc. (NAAS) and OPTICAL CABLE CORP (OCC). Click either name above to swap in a different company.

NaaS Technology Inc. is the larger business by last-quarter revenue ($25.9M vs $19.8M, roughly 1.3× OPTICAL CABLE CORP). OPTICAL CABLE CORP runs the higher net margin — 0.2% vs -193.3%, a 193.5% gap on every dollar of revenue. On growth, NaaS Technology Inc. posted the faster year-over-year revenue change (121.2% vs 1.8%).

NaaS Technology Inc. is a leading electric vehicle energy service provider based in China. It delivers one-stop solutions covering charging network operation, software and hardware support for charging station operators, and value-added services such as charging location search and payment for EV owners, serving both enterprise and individual customers across domestic and select overseas markets.

Optical Cable Corporation, headquartered in Roanoke, Virginia, manufactures fiber optical cable. The company's cable is largely used for telecommunications and is sold both in the US and seventy other countries worldwide. OCC also manufactures military land tactical fiber optic cable for the U.S. military.

NAAS vs OCC — Head-to-Head

Bigger by revenue
NAAS
NAAS
1.3× larger
NAAS
$25.9M
$19.8M
OCC
Growing faster (revenue YoY)
NAAS
NAAS
+119.5% gap
NAAS
121.2%
1.8%
OCC
Higher net margin
OCC
OCC
193.5% more per $
OCC
0.2%
-193.3%
NAAS

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NAAS
NAAS
OCC
OCC
Revenue
$25.9M
$19.8M
Net Profit
$-50.0M
$48.6K
Gross Margin
29.2%
31.9%
Operating Margin
-144.2%
1.4%
Net Margin
-193.3%
0.2%
Revenue YoY
121.2%
1.8%
Net Profit YoY
18.4%
-87.0%
EPS (diluted)
$-0.02

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
NAAS
NAAS
OCC
OCC
Q4 25
$19.8M
Q3 25
$19.9M
Q2 25
$17.5M
Q1 25
$15.7M
Q4 24
$19.5M
Q3 24
$16.2M
Q2 24
$25.9M
$16.1M
Q1 24
$14.9M
Net Profit
NAAS
NAAS
OCC
OCC
Q4 25
$48.6K
Q3 25
$301.9K
Q2 25
$-697.9K
Q1 25
$-1.1M
Q4 24
$373.5K
Q3 24
$-1.6M
Q2 24
$-50.0M
$-1.6M
Q1 24
$-1.4M
Gross Margin
NAAS
NAAS
OCC
OCC
Q4 25
31.9%
Q3 25
31.7%
Q2 25
30.4%
Q1 25
29.4%
Q4 24
33.5%
Q3 24
24.2%
Q2 24
29.2%
25.1%
Q1 24
25.0%
Operating Margin
NAAS
NAAS
OCC
OCC
Q4 25
1.4%
Q3 25
2.8%
Q2 25
-2.4%
Q1 25
-5.4%
Q4 24
3.4%
Q3 24
-8.2%
Q2 24
-144.2%
-8.1%
Q1 24
-9.4%
Net Margin
NAAS
NAAS
OCC
OCC
Q4 25
0.2%
Q3 25
1.5%
Q2 25
-4.0%
Q1 25
-7.0%
Q4 24
1.9%
Q3 24
-9.6%
Q2 24
-193.3%
-9.9%
Q1 24
-9.6%
EPS (diluted)
NAAS
NAAS
OCC
OCC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$-0.02
Q1 24
$-0.18

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
OCC
OCC
Cash + ST InvestmentsLiquidity on hand
$24.7M
$237.5K
Total DebtLower is stronger
Stockholders' EquityBook value
$-33.4M
$16.5M
Total Assets
$180.2M
$40.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
OCC
OCC
Q4 25
$237.5K
Q3 25
$421.4K
Q2 25
$894.3K
Q1 25
$128.3K
Q4 24
$244.2K
Q3 24
$796.7K
Q2 24
$24.7M
$1.1M
Q1 24
$221.0K
Stockholders' Equity
NAAS
NAAS
OCC
OCC
Q4 25
$16.5M
Q3 25
$18.2M
Q2 25
$19.1M
Q1 25
$19.7M
Q4 24
$20.8M
Q3 24
$20.4M
Q2 24
$-33.4M
$21.8M
Q1 24
$23.3M
Total Assets
NAAS
NAAS
OCC
OCC
Q4 25
$40.1M
Q3 25
$40.2M
Q2 25
$39.1M
Q1 25
$37.8M
Q4 24
$40.4M
Q3 24
$37.6M
Q2 24
$180.2M
$39.9M
Q1 24
$40.5M

Cash Flow & Capital Efficiency

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

Metric
NAAS
NAAS
OCC
OCC
Operating Cash FlowLast quarter
$-25.7M
$797.3K
Free Cash FlowOCF − Capex
$718.8K
FCF MarginFCF / Revenue
3.6%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
16.40×
TTM Free Cash FlowTrailing 4 quarters
$1.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
OCC
OCC
Q4 25
$797.3K
Q3 25
$-2.2M
Q2 25
$141.4K
Q1 25
$2.7M
Q4 24
$-1.5M
Q3 24
$552.4K
Q2 24
$-25.7M
$373.7K
Q1 24
$-261.1K
Free Cash Flow
NAAS
NAAS
OCC
OCC
Q4 25
$718.8K
Q3 25
$-2.3M
Q2 25
$73.4K
Q1 25
$2.6M
Q4 24
$-1.6M
Q3 24
$475.2K
Q2 24
$218.2K
Q1 24
$-341.5K
FCF Margin
NAAS
NAAS
OCC
OCC
Q4 25
3.6%
Q3 25
-11.4%
Q2 25
0.4%
Q1 25
16.5%
Q4 24
-8.1%
Q3 24
2.9%
Q2 24
1.4%
Q1 24
-2.3%
Capex Intensity
NAAS
NAAS
OCC
OCC
Q4 25
0.4%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.5%
Q4 24
0.3%
Q3 24
0.5%
Q2 24
1.0%
Q1 24
0.5%
Cash Conversion
NAAS
NAAS
OCC
OCC
Q4 25
16.40×
Q3 25
-7.29×
Q2 25
Q1 25
Q4 24
-4.08×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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