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

Ultragenyx Pharmaceutical Inc. is the larger business by last-quarter revenue ($207.3M vs $104.0M, roughly 2.0× Origin Bancorp, Inc.). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -62.0%, a 88.6% gap on every dollar of revenue. Over the past eight quarters, Ultragenyx Pharmaceutical Inc.'s revenue compounded faster (38.0% CAGR vs 3.9%).

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".

Ultragenyx Pharmaceutical Inc. is an American biopharmaceutical company involved in the research and development of novel products for treatment of rare and ultra-rare genetic diseases for which there are typically no approved treatments and high unmet medical need. The company works with multiple drug modalities including biologics, small molecule, gene therapies, and ASO and mRNAs in the disease categories of bone, endocrine, metabolic, muscle and CNS diseases.

OBK vs RARE — Head-to-Head

Bigger by revenue
RARE
RARE
2.0× larger
RARE
$207.3M
$104.0M
OBK
Higher net margin
OBK
OBK
88.6% more per $
OBK
26.6%
-62.0%
RARE
Faster 2-yr revenue CAGR
RARE
RARE
Annualised
RARE
38.0%
3.9%
OBK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OBK
OBK
RARE
RARE
Revenue
$104.0M
$207.3M
Net Profit
$27.7M
$-128.6M
Gross Margin
Operating Margin
-54.7%
Net Margin
26.6%
-62.0%
Revenue YoY
25.9%
Net Profit YoY
3.5%
EPS (diluted)
$0.89
$-1.28

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
OBK
OBK
RARE
RARE
Q1 26
$104.0M
Q4 25
$103.4M
$207.3M
Q3 25
$109.8M
$159.9M
Q2 25
$83.5M
$166.5M
Q1 25
$94.1M
$139.3M
Q4 24
$78.3M
$164.6M
Q3 24
$90.8M
$139.5M
Q2 24
$96.4M
$147.0M
Net Profit
OBK
OBK
RARE
RARE
Q1 26
$27.7M
Q4 25
$29.5M
$-128.6M
Q3 25
$8.6M
$-180.4M
Q2 25
$14.6M
$-115.0M
Q1 25
$22.4M
$-151.1M
Q4 24
$14.3M
$-133.2M
Q3 24
$18.6M
$-133.5M
Q2 24
$21.0M
$-131.6M
Operating Margin
OBK
OBK
RARE
RARE
Q1 26
Q4 25
36.2%
-54.7%
Q3 25
10.0%
-106.9%
Q2 25
22.3%
-64.8%
Q1 25
30.4%
-102.6%
Q4 24
23.0%
-74.3%
Q3 24
26.1%
-94.6%
Q2 24
27.7%
-79.1%
Net Margin
OBK
OBK
RARE
RARE
Q1 26
26.6%
Q4 25
28.5%
-62.0%
Q3 25
7.9%
-112.8%
Q2 25
17.5%
-69.0%
Q1 25
23.8%
-108.5%
Q4 24
18.2%
-80.9%
Q3 24
20.5%
-95.7%
Q2 24
21.8%
-89.5%
EPS (diluted)
OBK
OBK
RARE
RARE
Q1 26
$0.89
Q4 25
$0.95
$-1.28
Q3 25
$0.27
$-1.81
Q2 25
$0.47
$-1.17
Q1 25
$0.71
$-1.57
Q4 24
$0.45
$-1.34
Q3 24
$0.60
$-1.40
Q2 24
$0.67
$-1.52

Balance Sheet & Financial Strength

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

Metric
OBK
OBK
RARE
RARE
Cash + ST InvestmentsLiquidity on hand
$421.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$-80.0M
Total Assets
$10.2B
$1.5B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OBK
OBK
RARE
RARE
Q1 26
Q4 25
$424.2M
$421.0M
Q3 25
$626.9M
$202.5M
Q2 25
$334.1M
$176.3M
Q1 25
$486.2M
$127.1M
Q4 24
$470.2M
$174.0M
Q3 24
$321.2M
$150.6M
Q2 24
$288.1M
$480.7M
Stockholders' Equity
OBK
OBK
RARE
RARE
Q1 26
$1.3B
Q4 25
$1.2B
$-80.0M
Q3 25
$1.2B
$9.2M
Q2 25
$1.2B
$151.3M
Q1 25
$1.2B
$144.2M
Q4 24
$1.1B
$255.0M
Q3 24
$1.1B
$346.8M
Q2 24
$1.1B
$432.4M
Total Assets
OBK
OBK
RARE
RARE
Q1 26
$10.2B
Q4 25
$9.7B
$1.5B
Q3 25
$9.8B
$1.2B
Q2 25
$9.7B
$1.3B
Q1 25
$9.8B
$1.3B
Q4 24
$9.7B
$1.5B
Q3 24
$10.0B
$1.5B
Q2 24
$9.9B
$1.6B

Cash Flow & Capital Efficiency

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

Metric
OBK
OBK
RARE
RARE
Operating Cash FlowLast quarter
$-99.8M
Free Cash FlowOCF − Capex
$-100.8M
FCF MarginFCF / Revenue
-48.6%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-472.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OBK
OBK
RARE
RARE
Q1 26
Q4 25
$158.9M
$-99.8M
Q3 25
$59.3M
$-91.4M
Q2 25
$20.6M
$-108.3M
Q1 25
$35.6M
$-166.5M
Q4 24
$108.5M
$-79.3M
Q3 24
$39.6M
$-67.0M
Q2 24
$11.9M
$-77.0M
Free Cash Flow
OBK
OBK
RARE
RARE
Q1 26
Q4 25
$151.1M
$-100.8M
Q3 25
$56.8M
$-92.7M
Q2 25
$19.6M
$-110.7M
Q1 25
$34.8M
$-167.8M
Q4 24
$86.4M
$-79.5M
Q3 24
$32.2M
$-68.6M
Q2 24
$6.5M
$-79.0M
FCF Margin
OBK
OBK
RARE
RARE
Q1 26
Q4 25
146.0%
-48.6%
Q3 25
51.7%
-58.0%
Q2 25
23.5%
-66.5%
Q1 25
37.0%
-120.5%
Q4 24
110.3%
-48.3%
Q3 24
35.5%
-49.2%
Q2 24
6.8%
-53.7%
Capex Intensity
OBK
OBK
RARE
RARE
Q1 26
Q4 25
7.6%
0.5%
Q3 25
2.3%
0.8%
Q2 25
1.2%
1.5%
Q1 25
0.8%
1.0%
Q4 24
28.1%
0.1%
Q3 24
8.1%
1.2%
Q2 24
5.6%
1.4%
Cash Conversion
OBK
OBK
RARE
RARE
Q1 26
Q4 25
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

OBK
OBK

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

RARE
RARE

Royalty$105.6M51%
Products$101.7M49%

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