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Side-by-side financial comparison of Orange County Bancorp, Inc. (OBT) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Phathom Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($57.6M vs $33.0M, roughly 1.7× Orange County Bancorp, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 20.6%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $-167.0M).

Orange County Bancorp, Inc. is a Delaware-registered bank holding company operating mainly in New York, U.S. It offers a full range of retail and commercial banking services, including deposit accounts, loans and wealth management solutions, serving individual consumers, small and mid-sized corporate clients in its regional footprint.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

OBT vs PHAT — Head-to-Head

Bigger by revenue
PHAT
PHAT
1.7× larger
PHAT
$57.6M
$33.0M
OBT
Growing faster (revenue YoY)
PHAT
PHAT
+73.5% gap
PHAT
94.1%
20.6%
OBT
More free cash flow
OBT
OBT
$208.3M more FCF
OBT
$41.3M
$-167.0M
PHAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OBT
OBT
PHAT
PHAT
Revenue
$33.0M
$57.6M
Net Profit
$12.4M
Gross Margin
86.7%
Operating Margin
41.4%
Net Margin
37.6%
Revenue YoY
20.6%
94.1%
Net Profit YoY
73.5%
71.6%
EPS (diluted)
$0.94

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
OBT
OBT
PHAT
PHAT
Q4 25
$33.0M
$57.6M
Q3 25
$33.7M
$49.5M
Q2 25
$32.5M
$39.5M
Q1 25
$28.0M
$28.5M
Q4 24
$27.4M
$29.7M
Q3 24
$27.1M
$16.4M
Q2 24
$27.9M
$7.3M
Q1 24
$25.3M
Net Profit
OBT
OBT
PHAT
PHAT
Q4 25
$12.4M
Q3 25
$10.0M
$-30.0M
Q2 25
$10.5M
$-75.8M
Q1 25
$8.7M
$-94.3M
Q4 24
$7.2M
Q3 24
$3.2M
$-85.6M
Q2 24
$8.2M
$-91.4M
Q1 24
$9.3M
Gross Margin
OBT
OBT
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Q1 24
Operating Margin
OBT
OBT
PHAT
PHAT
Q4 25
41.4%
Q3 25
38.6%
-30.8%
Q2 25
41.9%
-151.7%
Q1 25
40.3%
-276.5%
Q4 24
32.8%
Q3 24
14.8%
-433.0%
Q2 24
36.6%
-1055.4%
Q1 24
45.9%
Net Margin
OBT
OBT
PHAT
PHAT
Q4 25
37.6%
Q3 25
29.7%
-60.5%
Q2 25
32.2%
-191.9%
Q1 25
31.1%
-330.7%
Q4 24
26.2%
Q3 24
11.8%
-523.3%
Q2 24
29.4%
-1248.6%
Q1 24
36.7%
EPS (diluted)
OBT
OBT
PHAT
PHAT
Q4 25
$0.94
Q3 25
$0.75
$-0.41
Q2 25
$0.87
$-1.05
Q1 25
$0.77
$-1.31
Q4 24
$0.64
Q3 24
$0.28
$-1.32
Q2 24
$0.73
$-1.56
Q1 24
$0.82

Balance Sheet & Financial Strength

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

Metric
OBT
OBT
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$284.4M
$-438.2M
Total Assets
$2.7B
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OBT
OBT
PHAT
PHAT
Q4 25
$130.0M
Q3 25
$135.2M
Q2 25
$149.6M
Q1 25
$212.3M
Q4 24
$297.3M
Q3 24
$334.7M
Q2 24
$276.2M
Q1 24
Total Debt
OBT
OBT
PHAT
PHAT
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
OBT
OBT
PHAT
PHAT
Q4 25
$284.4M
$-438.2M
Q3 25
$270.1M
$-422.5M
Q2 25
$252.6M
$-405.8M
Q1 25
$201.3M
$-338.4M
Q4 24
$185.5M
$-253.6M
Q3 24
$193.1M
$-187.1M
Q2 24
$177.5M
$-233.8M
Q1 24
$168.7M
Total Assets
OBT
OBT
PHAT
PHAT
Q4 25
$2.7B
$259.1M
Q3 25
$2.6B
$240.3M
Q2 25
$2.6B
$250.2M
Q1 25
$2.6B
$294.2M
Q4 24
$2.5B
$378.3M
Q3 24
$2.5B
$387.0M
Q2 24
$2.5B
$319.4M
Q1 24
$2.5B

Cash Flow & Capital Efficiency

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

Metric
OBT
OBT
PHAT
PHAT
Operating Cash FlowLast quarter
$43.8M
$-166.8M
Free Cash FlowOCF − Capex
$41.3M
$-167.0M
FCF MarginFCF / Revenue
125.1%
-290.0%
Capex IntensityCapex / Revenue
7.6%
0.4%
Cash ConversionOCF / Net Profit
3.53×
TTM Free Cash FlowTrailing 4 quarters
$69.6M
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OBT
OBT
PHAT
PHAT
Q4 25
$43.8M
$-166.8M
Q3 25
$30.2M
$-14.1M
Q2 25
$-5.0M
$-62.7M
Q1 25
$4.8M
$-84.9M
Q4 24
$34.6M
$-266.8M
Q3 24
$10.2M
$-63.6M
Q2 24
$9.3M
$-70.7M
Q1 24
$2.3M
Free Cash Flow
OBT
OBT
PHAT
PHAT
Q4 25
$41.3M
$-167.0M
Q3 25
$29.6M
$-14.1M
Q2 25
$-5.7M
$-62.8M
Q1 25
$4.3M
$-84.9M
Q4 24
$32.9M
$-266.9M
Q3 24
$10.0M
$-63.6M
Q2 24
$9.2M
$-70.8M
Q1 24
$2.0M
FCF Margin
OBT
OBT
PHAT
PHAT
Q4 25
125.1%
-290.0%
Q3 25
87.8%
-28.6%
Q2 25
-17.5%
-159.0%
Q1 25
15.5%
-297.9%
Q4 24
120.0%
-899.8%
Q3 24
36.7%
-389.0%
Q2 24
32.8%
-966.2%
Q1 24
7.9%
Capex Intensity
OBT
OBT
PHAT
PHAT
Q4 25
7.6%
0.4%
Q3 25
1.8%
0.1%
Q2 25
2.3%
0.2%
Q1 25
1.8%
0.1%
Q4 24
6.3%
0.5%
Q3 24
1.1%
0.3%
Q2 24
0.4%
0.6%
Q1 24
1.0%
Cash Conversion
OBT
OBT
PHAT
PHAT
Q4 25
3.53×
Q3 25
3.01×
Q2 25
-0.47×
Q1 25
0.56×
Q4 24
4.83×
Q3 24
3.19×
Q2 24
1.13×
Q1 24
0.24×

Financial Flow Comparison

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

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