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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and Postal Realty Trust, Inc. (PSTL). Click either name above to swap in a different company.

Postal Realty Trust, Inc. is the larger business by last-quarter revenue ($26.0M vs $13.3M, roughly 2.0× OCULAR THERAPEUTIX, INC). Postal Realty Trust, Inc. runs the higher net margin — 17.9% vs -488.0%, a 505.8% gap on every dollar of revenue. On growth, Postal Realty Trust, Inc. posted the faster year-over-year revenue change (21.7% vs -22.4%). Postal Realty Trust, Inc. produced more free cash flow last quarter ($37.6M vs $-57.1M). Over the past eight quarters, Postal Realty Trust, Inc.'s revenue compounded faster (22.6% 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.

Postal Realty Trust, Inc. is a specialized real estate investment trust that acquires, owns, and manages properties primarily leased to the United States Postal Service. Its portfolio includes last-mile postal facilities, sorting centers, and retail post office locations across the U.S., supporting critical mail and package delivery infrastructure.

OCUL vs PSTL — Head-to-Head

Bigger by revenue
PSTL
PSTL
2.0× larger
PSTL
$26.0M
$13.3M
OCUL
Growing faster (revenue YoY)
PSTL
PSTL
+44.1% gap
PSTL
21.7%
-22.4%
OCUL
Higher net margin
PSTL
PSTL
505.8% more per $
PSTL
17.9%
-488.0%
OCUL
More free cash flow
PSTL
PSTL
$94.7M more FCF
PSTL
$37.6M
$-57.1M
OCUL
Faster 2-yr revenue CAGR
PSTL
PSTL
Annualised
PSTL
22.6%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OCUL
OCUL
PSTL
PSTL
Revenue
$13.3M
$26.0M
Net Profit
$-64.7M
$4.6M
Gross Margin
88.0%
Operating Margin
-526.5%
39.2%
Net Margin
-488.0%
17.9%
Revenue YoY
-22.4%
21.7%
Net Profit YoY
-33.6%
3.1%
EPS (diluted)
$-0.27
$0.16

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
PSTL
PSTL
Q4 25
$13.3M
$26.0M
Q3 25
$14.5M
$24.3M
Q2 25
$13.5M
$23.4M
Q1 25
$10.7M
$22.1M
Q4 24
$17.1M
$21.4M
Q3 24
$15.4M
$19.7M
Q2 24
$16.4M
$18.1M
Q1 24
$14.8M
$17.3M
Net Profit
OCUL
OCUL
PSTL
PSTL
Q4 25
$-64.7M
$4.6M
Q3 25
$-69.4M
$3.8M
Q2 25
$-67.8M
$3.6M
Q1 25
$-64.1M
$2.1M
Q4 24
$-48.4M
$4.5M
Q3 24
$-36.5M
$1.1M
Q2 24
$-43.8M
$817.0K
Q1 24
$-64.8M
$206.0K
Gross Margin
OCUL
OCUL
PSTL
PSTL
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
PSTL
PSTL
Q4 25
-526.5%
39.2%
Q3 25
-472.3%
37.6%
Q2 25
-502.6%
37.3%
Q1 25
-597.5%
28.4%
Q4 24
-296.1%
43.2%
Q3 24
-298.2%
24.3%
Q2 24
-265.1%
22.8%
Q1 24
-214.0%
17.6%
Net Margin
OCUL
OCUL
PSTL
PSTL
Q4 25
-488.0%
17.9%
Q3 25
-477.3%
15.7%
Q2 25
-503.9%
15.5%
Q1 25
-598.7%
9.4%
Q4 24
-283.3%
21.1%
Q3 24
-236.6%
5.4%
Q2 24
-266.3%
4.5%
Q1 24
-438.9%
1.2%
EPS (diluted)
OCUL
OCUL
PSTL
PSTL
Q4 25
$-0.27
$0.16
Q3 25
$-0.38
$0.13
Q2 25
$-0.39
$0.12
Q1 25
$-0.38
$0.06
Q4 24
$-0.25
$0.17
Q3 24
$-0.22
$0.03
Q2 24
$-0.26
$0.02
Q1 24
$-0.49
$-0.01

Balance Sheet & Financial Strength

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

Metric
OCUL
OCUL
PSTL
PSTL
Cash + ST InvestmentsLiquidity on hand
$737.1M
$1.5M
Total DebtLower is stronger
$361.1M
Stockholders' EquityBook value
$654.3M
$285.2M
Total Assets
$808.1M
$759.1M
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OCUL
OCUL
PSTL
PSTL
Q4 25
$737.1M
$1.5M
Q3 25
$344.8M
$1.9M
Q2 25
$391.1M
$1.1M
Q1 25
$349.7M
$639.0K
Q4 24
$392.1M
$1.8M
Q3 24
$427.2M
$970.0K
Q2 24
$459.7M
$1.7M
Q1 24
$482.9M
$1.9M
Total Debt
OCUL
OCUL
PSTL
PSTL
Q4 25
$361.1M
Q3 25
$347.0M
Q2 25
$328.8M
Q1 25
$306.7M
Q4 24
$296.7M
Q3 24
$277.0M
Q2 24
$273.7M
Q1 24
$247.6M
Stockholders' Equity
OCUL
OCUL
PSTL
PSTL
Q4 25
$654.3M
$285.2M
Q3 25
$258.2M
$273.9M
Q2 25
$305.9M
$250.8M
Q1 25
$265.9M
$245.5M
Q4 24
$315.3M
$251.3M
Q3 24
$352.0M
$245.6M
Q2 24
$377.7M
$245.5M
Q1 24
$408.0M
$248.1M
Total Assets
OCUL
OCUL
PSTL
PSTL
Q4 25
$808.1M
$759.1M
Q3 25
$410.9M
$735.2M
Q2 25
$451.3M
$689.8M
Q1 25
$405.9M
$654.0M
Q4 24
$457.9M
$646.8M
Q3 24
$490.4M
$615.1M
Q2 24
$517.1M
$608.2M
Q1 24
$538.9M
$584.1M
Debt / Equity
OCUL
OCUL
PSTL
PSTL
Q4 25
1.27×
Q3 25
1.27×
Q2 25
1.31×
Q1 25
1.25×
Q4 24
1.18×
Q3 24
1.13×
Q2 24
1.11×
Q1 24
1.00×

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
PSTL
PSTL
Operating Cash FlowLast quarter
$-54.2M
$44.5M
Free Cash FlowOCF − Capex
$-57.1M
$37.6M
FCF MarginFCF / Revenue
-430.9%
144.5%
Capex IntensityCapex / Revenue
21.4%
26.7%
Cash ConversionOCF / Net Profit
9.59×
TTM Free Cash FlowTrailing 4 quarters
$-216.9M
$65.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OCUL
OCUL
PSTL
PSTL
Q4 25
$-54.2M
$44.5M
Q3 25
$-50.7M
$10.9M
Q2 25
$-55.2M
$11.4M
Q1 25
$-44.7M
$10.8M
Q4 24
$-39.4M
$33.5M
Q3 24
$-36.6M
$8.0M
Q2 24
$-24.8M
$9.9M
Q1 24
$-33.9M
$6.4M
Free Cash Flow
OCUL
OCUL
PSTL
PSTL
Q4 25
$-57.1M
$37.6M
Q3 25
$-56.7M
$8.8M
Q2 25
$-56.5M
$9.1M
Q1 25
$-46.6M
$10.2M
Q4 24
$-39.6M
$30.7M
Q3 24
$-36.6M
$7.4M
Q2 24
$-25.5M
$8.9M
Q1 24
$-34.1M
$5.8M
FCF Margin
OCUL
OCUL
PSTL
PSTL
Q4 25
-430.9%
144.5%
Q3 25
-390.0%
36.1%
Q2 25
-419.7%
38.8%
Q1 25
-435.6%
45.9%
Q4 24
-232.0%
143.8%
Q3 24
-237.6%
37.6%
Q2 24
-155.4%
49.4%
Q1 24
-231.1%
33.6%
Capex Intensity
OCUL
OCUL
PSTL
PSTL
Q4 25
21.4%
26.7%
Q3 25
41.2%
8.9%
Q2 25
9.3%
10.1%
Q1 25
18.1%
3.0%
Q4 24
1.2%
13.0%
Q3 24
0.6%
3.2%
Q2 24
4.5%
5.4%
Q1 24
1.7%
3.5%
Cash Conversion
OCUL
OCUL
PSTL
PSTL
Q4 25
9.59×
Q3 25
2.87×
Q2 25
3.16×
Q1 25
5.20×
Q4 24
7.44×
Q3 24
7.48×
Q2 24
12.10×
Q1 24
31.07×

Financial Flow Comparison

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

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