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

Origin Bancorp, Inc. is the larger business by last-quarter revenue ($104.0M vs $98.7M, roughly 1.1× TUCOWS INC). Origin Bancorp, Inc. runs the higher net margin — 26.6% vs -22.3%, a 48.9% gap on every dollar of revenue. Over the past eight quarters, TUCOWS INC's revenue compounded faster (6.2% 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".

Tucows Inc. is an American–Canadian publicly traded Internet services and telecommunications company headquartered in Toronto, Ontario, Canada, and incorporated in Pennsylvania, United States. The company is composed of three independent businesses: Tucows Domains, Ting Internet, and Wavelo.

OBK vs TCX — Head-to-Head

Bigger by revenue
OBK
OBK
1.1× larger
OBK
$104.0M
$98.7M
TCX
Higher net margin
OBK
OBK
48.9% more per $
OBK
26.6%
-22.3%
TCX
Faster 2-yr revenue CAGR
TCX
TCX
Annualised
TCX
6.2%
3.9%
OBK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OBK
OBK
TCX
TCX
Revenue
$104.0M
$98.7M
Net Profit
$27.7M
$-22.0M
Gross Margin
24.5%
Operating Margin
-9.1%
Net Margin
26.6%
-22.3%
Revenue YoY
6.0%
Net Profit YoY
48.1%
EPS (diluted)
$0.89

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
TCX
TCX
Q1 26
$104.0M
Q4 25
$103.4M
$98.7M
Q3 25
$109.8M
$98.6M
Q2 25
$83.5M
$98.5M
Q1 25
$94.1M
$94.6M
Q4 24
$78.3M
$93.1M
Q3 24
$90.8M
$92.3M
Q2 24
$96.4M
$89.4M
Net Profit
OBK
OBK
TCX
TCX
Q1 26
$27.7M
Q4 25
$29.5M
$-22.0M
Q3 25
$8.6M
$-23.0M
Q2 25
$14.6M
$-15.6M
Q1 25
$22.4M
$-15.1M
Q4 24
$14.3M
$-42.5M
Q3 24
$18.6M
$-22.3M
Q2 24
$21.0M
$-18.6M
Gross Margin
OBK
OBK
TCX
TCX
Q1 26
Q4 25
24.5%
Q3 25
24.5%
Q2 25
22.5%
Q1 25
24.9%
Q4 24
23.3%
Q3 24
24.0%
Q2 24
23.3%
Operating Margin
OBK
OBK
TCX
TCX
Q1 26
Q4 25
36.2%
-9.1%
Q3 25
10.0%
-9.7%
Q2 25
22.3%
-2.9%
Q1 25
30.4%
-2.1%
Q4 24
23.0%
-32.1%
Q3 24
26.1%
-10.9%
Q2 24
27.7%
-9.6%
Net Margin
OBK
OBK
TCX
TCX
Q1 26
26.6%
Q4 25
28.5%
-22.3%
Q3 25
7.9%
-23.4%
Q2 25
17.5%
-15.9%
Q1 25
23.8%
-16.0%
Q4 24
18.2%
-45.6%
Q3 24
20.5%
-24.2%
Q2 24
21.8%
-20.8%
EPS (diluted)
OBK
OBK
TCX
TCX
Q1 26
$0.89
Q4 25
$0.95
Q3 25
$0.27
Q2 25
$0.47
Q1 25
$0.71
Q4 24
$0.45
Q3 24
$0.60
Q2 24
$0.67

Balance Sheet & Financial Strength

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

Metric
OBK
OBK
TCX
TCX
Cash + ST InvestmentsLiquidity on hand
$46.8M
Total DebtLower is stronger
$190.4M
Stockholders' EquityBook value
$1.3B
$-164.2M
Total Assets
$10.2B
$730.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OBK
OBK
TCX
TCX
Q1 26
Q4 25
$424.2M
$46.8M
Q3 25
$626.9M
$54.1M
Q2 25
$334.1M
$52.0M
Q1 25
$486.2M
$38.1M
Q4 24
$470.2M
$56.9M
Q3 24
$321.2M
$75.2M
Q2 24
$288.1M
$39.3M
Total Debt
OBK
OBK
TCX
TCX
Q1 26
Q4 25
$190.4M
Q3 25
Q2 25
Q1 25
Q4 24
$195.4M
Q3 24
Q2 24
Stockholders' Equity
OBK
OBK
TCX
TCX
Q1 26
$1.3B
Q4 25
$1.2B
$-164.2M
Q3 25
$1.2B
$-144.1M
Q2 25
$1.2B
$-121.7M
Q1 25
$1.2B
$-108.3M
Q4 24
$1.1B
$-95.3M
Q3 24
$1.1B
$-53.1M
Q2 24
$1.1B
$-33.1M
Total Assets
OBK
OBK
TCX
TCX
Q1 26
$10.2B
Q4 25
$9.7B
$730.9M
Q3 25
$9.8B
$735.5M
Q2 25
$9.7B
$742.2M
Q1 25
$9.8B
$741.9M
Q4 24
$9.7B
$758.8M
Q3 24
$10.0B
$799.0M
Q2 24
$9.9B
$758.2M

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
TCX
TCX
Operating Cash FlowLast quarter
$-2.6M
Free Cash FlowOCF − Capex
$-7.0M
FCF MarginFCF / Revenue
-7.1%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OBK
OBK
TCX
TCX
Q1 26
Q4 25
$158.9M
$-2.6M
Q3 25
$59.3M
$1.5M
Q2 25
$20.6M
$6.6M
Q1 25
$35.6M
$-11.3M
Q4 24
$108.5M
$-4.8M
Q3 24
$39.6M
$-4.6M
Q2 24
$11.9M
$-4.7M
Free Cash Flow
OBK
OBK
TCX
TCX
Q1 26
Q4 25
$151.1M
$-7.0M
Q3 25
$56.8M
$-2.3M
Q2 25
$19.6M
$3.1M
Q1 25
$34.8M
$-16.7M
Q4 24
$86.4M
$-16.5M
Q3 24
$32.2M
$-19.1M
Q2 24
$6.5M
$-20.7M
FCF Margin
OBK
OBK
TCX
TCX
Q1 26
Q4 25
146.0%
-7.1%
Q3 25
51.7%
-2.4%
Q2 25
23.5%
3.1%
Q1 25
37.0%
-17.6%
Q4 24
110.3%
-17.7%
Q3 24
35.5%
-20.7%
Q2 24
6.8%
-23.1%
Capex Intensity
OBK
OBK
TCX
TCX
Q1 26
Q4 25
7.6%
4.4%
Q3 25
2.3%
3.9%
Q2 25
1.2%
3.5%
Q1 25
0.8%
5.7%
Q4 24
28.1%
12.5%
Q3 24
8.1%
15.7%
Q2 24
5.6%
17.8%
Cash Conversion
OBK
OBK
TCX
TCX
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%

TCX
TCX

Wholesale$57.0M58%
Fiber Internet Services$16.5M17%
Wavelo$13.0M13%
Platform Services$11.7M12%

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