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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and ONE LIBERTY PROPERTIES INC (OLP). Click either name above to swap in a different company.

ONE LIBERTY PROPERTIES INC is the larger business by last-quarter revenue ($24.7M vs $13.3M, roughly 1.9× OCULAR THERAPEUTIX, INC). ONE LIBERTY PROPERTIES INC runs the higher net margin — 9.7% vs -488.0%, a 497.7% gap on every dollar of revenue. On growth, ONE LIBERTY PROPERTIES INC posted the faster year-over-year revenue change (3.7% vs -22.4%). Over the past eight quarters, ONE LIBERTY PROPERTIES INC's revenue compounded faster (4.4% CAGR vs -5.3%).

Ocular Therapeutix, Inc. is a biopharmaceutical firm specializing in developing and commercializing innovative ophthalmic therapies. Its products treat acute and chronic eye conditions including post-surgical pain, glaucoma, and dry eye, serving patients and ophthalmology providers primarily across the U.S. and select global markets.

Liberty Media Corporation is an American mass media company founded by John C. Malone in 1991. The company has two divisions, represented by separate tracking stocks, reflecting its ownership stakes in the Formula One Group and Live Nation Entertainment. As of 2025, Liberty Media owned three global motorsport businesses in the form of Formula One, MotoGP and World Superbikes.

OCUL vs OLP — Head-to-Head

Bigger by revenue
OLP
OLP
1.9× larger
OLP
$24.7M
$13.3M
OCUL
Growing faster (revenue YoY)
OLP
OLP
+26.1% gap
OLP
3.7%
-22.4%
OCUL
Higher net margin
OLP
OLP
497.7% more per $
OLP
9.7%
-488.0%
OCUL
Faster 2-yr revenue CAGR
OLP
OLP
Annualised
OLP
4.4%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OCUL
OCUL
OLP
OLP
Revenue
$13.3M
$24.7M
Net Profit
$-64.7M
$2.4M
Gross Margin
88.0%
Operating Margin
-526.5%
28.6%
Net Margin
-488.0%
9.7%
Revenue YoY
-22.4%
3.7%
Net Profit YoY
-33.6%
-77.1%
EPS (diluted)
$-0.27
$0.10

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
OCUL
OCUL
OLP
OLP
Q4 25
$13.3M
$24.7M
Q3 25
$14.5M
$23.8M
Q2 25
$13.5M
$24.5M
Q1 25
$10.7M
$24.2M
Q4 24
$17.1M
$23.9M
Q3 24
$15.4M
$22.2M
Q2 24
$16.4M
$21.8M
Q1 24
$14.8M
$22.7M
Net Profit
OCUL
OCUL
OLP
OLP
Q4 25
$-64.7M
$2.4M
Q3 25
$-69.4M
$10.5M
Q2 25
$-67.8M
$8.4M
Q1 25
$-64.1M
$4.2M
Q4 24
$-48.4M
$10.6M
Q3 24
$-36.5M
$5.2M
Q2 24
$-43.8M
$9.6M
Q1 24
$-64.8M
$5.2M
Gross Margin
OCUL
OCUL
OLP
OLP
Q4 25
88.0%
Q3 25
87.8%
Q2 25
85.6%
Q1 25
88.2%
Q4 24
92.8%
Q3 24
89.9%
Q2 24
90.8%
Q1 24
91.0%
Operating Margin
OCUL
OCUL
OLP
OLP
Q4 25
-526.5%
28.6%
Q3 25
-472.3%
66.7%
Q2 25
-502.6%
62.6%
Q1 25
-597.5%
39.8%
Q4 24
-296.1%
65.0%
Q3 24
-298.2%
45.0%
Q2 24
-265.1%
66.0%
Q1 24
-214.0%
44.1%
Net Margin
OCUL
OCUL
OLP
OLP
Q4 25
-488.0%
9.7%
Q3 25
-477.3%
44.1%
Q2 25
-503.9%
34.3%
Q1 25
-598.7%
17.2%
Q4 24
-283.3%
44.1%
Q3 24
-236.6%
23.3%
Q2 24
-266.3%
43.8%
Q1 24
-438.9%
22.7%
EPS (diluted)
OCUL
OCUL
OLP
OLP
Q4 25
$-0.27
$0.10
Q3 25
$-0.38
$0.48
Q2 25
$-0.39
$0.39
Q1 25
$-0.38
$0.18
Q4 24
$-0.25
$0.49
Q3 24
$-0.22
$0.23
Q2 24
$-0.26
$0.45
Q1 24
$-0.49
$0.23

Balance Sheet & Financial Strength

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

Metric
OCUL
OCUL
OLP
OLP
Cash + ST InvestmentsLiquidity on hand
$737.1M
$14.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.3M
$299.6M
Total Assets
$808.1M
$857.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OCUL
OCUL
OLP
OLP
Q4 25
$737.1M
$14.4M
Q3 25
$344.8M
$18.8M
Q2 25
$391.1M
$19.0M
Q1 25
$349.7M
$8.2M
Q4 24
$392.1M
$42.3M
Q3 24
$427.2M
$25.7M
Q2 24
$459.7M
$35.0M
Q1 24
$482.9M
$27.4M
Stockholders' Equity
OCUL
OCUL
OLP
OLP
Q4 25
$654.3M
$299.6M
Q3 25
$258.2M
$305.6M
Q2 25
$305.9M
$303.4M
Q1 25
$265.9M
$303.2M
Q4 24
$315.3M
$307.4M
Q3 24
$352.0M
$304.2M
Q2 24
$377.7M
$307.3M
Q1 24
$408.0M
$304.8M
Total Assets
OCUL
OCUL
OLP
OLP
Q4 25
$808.1M
$857.6M
Q3 25
$410.9M
$802.3M
Q2 25
$451.3M
$795.6M
Q1 25
$405.9M
$811.7M
Q4 24
$457.9M
$767.0M
Q3 24
$490.4M
$768.8M
Q2 24
$517.1M
$759.2M
Q1 24
$538.9M
$755.7M

Cash Flow & Capital Efficiency

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

Metric
OCUL
OCUL
OLP
OLP
Operating Cash FlowLast quarter
$-54.2M
$37.5M
Free Cash FlowOCF − Capex
$-57.1M
FCF MarginFCF / Revenue
-430.9%
Capex IntensityCapex / Revenue
21.4%
Cash ConversionOCF / Net Profit
15.54×
TTM Free Cash FlowTrailing 4 quarters
$-216.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OCUL
OCUL
OLP
OLP
Q4 25
$-54.2M
$37.5M
Q3 25
$-50.7M
$10.9M
Q2 25
$-55.2M
$11.2M
Q1 25
$-44.7M
$11.0M
Q4 24
$-39.4M
$39.1M
Q3 24
$-36.6M
$10.0M
Q2 24
$-24.8M
$8.6M
Q1 24
$-33.9M
$8.9M
Free Cash Flow
OCUL
OCUL
OLP
OLP
Q4 25
$-57.1M
Q3 25
$-56.7M
Q2 25
$-56.5M
Q1 25
$-46.6M
Q4 24
$-39.6M
Q3 24
$-36.6M
Q2 24
$-25.5M
Q1 24
$-34.1M
FCF Margin
OCUL
OCUL
OLP
OLP
Q4 25
-430.9%
Q3 25
-390.0%
Q2 25
-419.7%
Q1 25
-435.6%
Q4 24
-232.0%
Q3 24
-237.6%
Q2 24
-155.4%
Q1 24
-231.1%
Capex Intensity
OCUL
OCUL
OLP
OLP
Q4 25
21.4%
Q3 25
41.2%
Q2 25
9.3%
Q1 25
18.1%
Q4 24
1.2%
Q3 24
0.6%
Q2 24
4.5%
Q1 24
1.7%
Cash Conversion
OCUL
OCUL
OLP
OLP
Q4 25
15.54×
Q3 25
1.04×
Q2 25
1.33×
Q1 25
2.65×
Q4 24
3.70×
Q3 24
1.93×
Q2 24
0.90×
Q1 24
1.73×

Financial Flow Comparison

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

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