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

OR Royalties Inc. is the larger business by last-quarter revenue ($46.7M vs $25.9M, roughly 1.8× NaaS Technology Inc.).

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.

OR Royalties Inc. is a Canadian company that holds royalties in gold, silver and diamond mines, principally in the form of net smelter returns and streams.Like its predecessor company, Osisko Mining, it is headquartered in Montreal, Quebec, with shares listed on the Toronto Stock Exchange and the New York Stock Exchange.

NAAS vs OR — Head-to-Head

Bigger by revenue
OR
OR
1.8× larger
OR
$46.7M
$25.9M
NAAS

Income Statement — Q2 FY2024 vs Q2 FY2022

Metric
NAAS
NAAS
OR
OR
Revenue
$25.9M
$46.7M
Net Profit
$-50.0M
Gross Margin
29.2%
Operating Margin
-144.2%
Net Margin
-193.3%
Revenue YoY
121.2%
Net Profit YoY
18.4%
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
OR
OR
Q2 24
$25.9M
Q2 22
$46.7M
Q1 22
$43.4M
Net Profit
NAAS
NAAS
OR
OR
Q2 24
$-50.0M
Q2 22
Q1 22
Gross Margin
NAAS
NAAS
OR
OR
Q2 24
29.2%
Q2 22
Q1 22
Operating Margin
NAAS
NAAS
OR
OR
Q2 24
-144.2%
Q2 22
Q1 22
Net Margin
NAAS
NAAS
OR
OR
Q2 24
-193.3%
Q2 22
Q1 22
EPS (diluted)
NAAS
NAAS
OR
OR
Q2 24
$-0.02
Q2 22
Q1 22

Balance Sheet & Financial Strength

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

Metric
NAAS
NAAS
OR
OR
Cash + ST InvestmentsLiquidity on hand
$24.7M
Total DebtLower is stronger
$222.8M
Stockholders' EquityBook value
$-33.4M
$1.3B
Total Assets
$180.2M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NAAS
NAAS
OR
OR
Q2 24
$24.7M
Q2 22
Q1 22
Total Debt
NAAS
NAAS
OR
OR
Q2 24
Q2 22
$222.8M
Q1 22
$302.5M
Stockholders' Equity
NAAS
NAAS
OR
OR
Q2 24
$-33.4M
Q2 22
$1.3B
Q1 22
$1.3B
Total Assets
NAAS
NAAS
OR
OR
Q2 24
$180.2M
Q2 22
Q1 22
Debt / Equity
NAAS
NAAS
OR
OR
Q2 24
Q2 22
0.17×
Q1 22
0.23×

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
OR
OR
Operating Cash FlowLast quarter
$-25.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NAAS
NAAS
OR
OR
Q2 24
$-25.7M
Q2 22
Q1 22

Financial Flow Comparison

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

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