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

Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $33.0M, roughly 1.0× Orange County Bancorp, Inc.). Orange County Bancorp, Inc. runs the higher net margin — 37.6% vs 8.7%, a 29.0% gap on every dollar of revenue. On growth, Orange County Bancorp, Inc. posted the faster year-over-year revenue change (20.6% vs -0.1%). Orange County Bancorp, Inc. produced more free cash flow last quarter ($41.3M vs $10.1M). Over the past eight quarters, Orange County Bancorp, Inc.'s revenue compounded faster (14.3% CAGR vs -1.5%).

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.

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

OBT vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.0× larger
SPOK
$33.9M
$33.0M
OBT
Growing faster (revenue YoY)
OBT
OBT
+20.7% gap
OBT
20.6%
-0.1%
SPOK
Higher net margin
OBT
OBT
29.0% more per $
OBT
37.6%
8.7%
SPOK
More free cash flow
OBT
OBT
$31.2M more FCF
OBT
$41.3M
$10.1M
SPOK
Faster 2-yr revenue CAGR
OBT
OBT
Annualised
OBT
14.3%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OBT
OBT
SPOK
SPOK
Revenue
$33.0M
$33.9M
Net Profit
$12.4M
$2.9M
Gross Margin
76.7%
Operating Margin
41.4%
11.6%
Net Margin
37.6%
8.7%
Revenue YoY
20.6%
-0.1%
Net Profit YoY
73.5%
-19.6%
EPS (diluted)
$0.94
$0.13

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
SPOK
SPOK
Q4 25
$33.0M
$33.9M
Q3 25
$33.7M
$33.9M
Q2 25
$32.5M
$35.7M
Q1 25
$28.0M
$36.3M
Q4 24
$27.4M
$33.9M
Q3 24
$27.1M
$34.9M
Q2 24
$27.9M
$34.0M
Q1 24
$25.3M
$34.9M
Net Profit
OBT
OBT
SPOK
SPOK
Q4 25
$12.4M
$2.9M
Q3 25
$10.0M
$3.2M
Q2 25
$10.5M
$4.6M
Q1 25
$8.7M
$5.2M
Q4 24
$7.2M
$3.6M
Q3 24
$3.2M
$3.7M
Q2 24
$8.2M
$3.4M
Q1 24
$9.3M
$4.2M
Gross Margin
OBT
OBT
SPOK
SPOK
Q4 25
76.7%
Q3 25
78.3%
Q2 25
79.5%
Q1 25
80.1%
Q4 24
78.5%
Q3 24
79.5%
Q2 24
78.9%
Q1 24
79.5%
Operating Margin
OBT
OBT
SPOK
SPOK
Q4 25
41.4%
11.6%
Q3 25
38.6%
12.9%
Q2 25
41.9%
15.1%
Q1 25
40.3%
16.6%
Q4 24
32.8%
13.7%
Q3 24
14.8%
14.2%
Q2 24
36.6%
13.2%
Q1 24
45.9%
14.0%
Net Margin
OBT
OBT
SPOK
SPOK
Q4 25
37.6%
8.7%
Q3 25
29.7%
9.5%
Q2 25
32.2%
12.8%
Q1 25
31.1%
14.3%
Q4 24
26.2%
10.8%
Q3 24
11.8%
10.5%
Q2 24
29.4%
10.1%
Q1 24
36.7%
12.1%
EPS (diluted)
OBT
OBT
SPOK
SPOK
Q4 25
$0.94
$0.13
Q3 25
$0.75
$0.15
Q2 25
$0.87
$0.22
Q1 25
$0.77
$0.25
Q4 24
$0.64
$0.17
Q3 24
$0.28
$0.18
Q2 24
$0.73
$0.17
Q1 24
$0.82
$0.21

Balance Sheet & Financial Strength

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

Metric
OBT
OBT
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$284.4M
$146.4M
Total Assets
$2.7B
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OBT
OBT
SPOK
SPOK
Q4 25
$25.3M
Q3 25
$21.4M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$29.1M
Q3 24
$27.8M
Q2 24
$23.9M
Q1 24
$23.3M
Stockholders' Equity
OBT
OBT
SPOK
SPOK
Q4 25
$284.4M
$146.4M
Q3 25
$270.1M
$148.7M
Q2 25
$252.6M
$150.9M
Q1 25
$201.3M
$151.7M
Q4 24
$185.5M
$154.7M
Q3 24
$193.1M
$156.3M
Q2 24
$177.5M
$158.2M
Q1 24
$168.7M
$160.2M
Total Assets
OBT
OBT
SPOK
SPOK
Q4 25
$2.7B
$206.1M
Q3 25
$2.6B
$209.7M
Q2 25
$2.6B
$208.7M
Q1 25
$2.6B
$204.5M
Q4 24
$2.5B
$217.1M
Q3 24
$2.5B
$216.8M
Q2 24
$2.5B
$216.4M
Q1 24
$2.5B
$215.0M

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
SPOK
SPOK
Operating Cash FlowLast quarter
$43.8M
$11.5M
Free Cash FlowOCF − Capex
$41.3M
$10.1M
FCF MarginFCF / Revenue
125.1%
29.9%
Capex IntensityCapex / Revenue
7.6%
4.1%
Cash ConversionOCF / Net Profit
3.53×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$69.6M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OBT
OBT
SPOK
SPOK
Q4 25
$43.8M
$11.5M
Q3 25
$30.2M
$8.1M
Q2 25
$-5.0M
$7.0M
Q1 25
$4.8M
$2.3M
Q4 24
$34.6M
$8.4M
Q3 24
$10.2M
$11.1M
Q2 24
$9.3M
$7.4M
Q1 24
$2.3M
$2.0M
Free Cash Flow
OBT
OBT
SPOK
SPOK
Q4 25
$41.3M
$10.1M
Q3 25
$29.6M
$7.6M
Q2 25
$-5.7M
$6.0M
Q1 25
$4.3M
$1.5M
Q4 24
$32.9M
$7.5M
Q3 24
$10.0M
$10.3M
Q2 24
$9.2M
$6.8M
Q1 24
$2.0M
$1.1M
FCF Margin
OBT
OBT
SPOK
SPOK
Q4 25
125.1%
29.9%
Q3 25
87.8%
22.4%
Q2 25
-17.5%
16.8%
Q1 25
15.5%
4.2%
Q4 24
120.0%
22.3%
Q3 24
36.7%
29.4%
Q2 24
32.8%
20.0%
Q1 24
7.9%
3.2%
Capex Intensity
OBT
OBT
SPOK
SPOK
Q4 25
7.6%
4.1%
Q3 25
1.8%
1.6%
Q2 25
2.3%
2.9%
Q1 25
1.8%
2.1%
Q4 24
6.3%
2.5%
Q3 24
1.1%
2.4%
Q2 24
0.4%
1.9%
Q1 24
1.0%
2.5%
Cash Conversion
OBT
OBT
SPOK
SPOK
Q4 25
3.53×
3.93×
Q3 25
3.01×
2.54×
Q2 25
-0.47×
1.55×
Q1 25
0.56×
0.43×
Q4 24
4.83×
2.31×
Q3 24
3.19×
3.03×
Q2 24
1.13×
2.17×
Q1 24
0.24×
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OBT
OBT

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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