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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and Rhinebeck Bancorp, Inc. (RBKB). Click either name above to swap in a different company.

Rhinebeck Bancorp, Inc. is the larger business by last-quarter revenue ($13.5M vs $13.3M, roughly 1.0× OCULAR THERAPEUTIX, INC). Rhinebeck Bancorp, Inc. runs the higher net margin — 17.3% vs -488.0%, a 505.2% gap on every dollar of revenue. On growth, Rhinebeck Bancorp, Inc. posted the faster year-over-year revenue change (1701.1% vs -22.4%). Rhinebeck Bancorp, Inc. produced more free cash flow last quarter ($10.9M vs $-57.1M). Over the past eight quarters, Rhinebeck Bancorp, Inc.'s revenue compounded faster (14.0% 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.

Rhinebeck Bancorp, Inc. is a US regional bank holding company based in New York. It operates Rhinebeck Bank, offering retail and commercial banking services including deposit accounts, loans, mortgages and wealth management, mainly serving consumers and small-to-medium businesses across New York's Hudson Valley region.

OCUL vs RBKB — Head-to-Head

Bigger by revenue
RBKB
RBKB
1.0× larger
RBKB
$13.5M
$13.3M
OCUL
Growing faster (revenue YoY)
RBKB
RBKB
+1723.5% gap
RBKB
1701.1%
-22.4%
OCUL
Higher net margin
RBKB
RBKB
505.2% more per $
RBKB
17.3%
-488.0%
OCUL
More free cash flow
RBKB
RBKB
$68.0M more FCF
RBKB
$10.9M
$-57.1M
OCUL
Faster 2-yr revenue CAGR
RBKB
RBKB
Annualised
RBKB
14.0%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OCUL
OCUL
RBKB
RBKB
Revenue
$13.3M
$13.5M
Net Profit
$-64.7M
$2.3M
Gross Margin
88.0%
Operating Margin
-526.5%
21.7%
Net Margin
-488.0%
17.3%
Revenue YoY
-22.4%
1701.1%
Net Profit YoY
-33.6%
188.0%
EPS (diluted)
$-0.27
$0.21

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
RBKB
RBKB
Q4 25
$13.3M
$13.5M
Q3 25
$14.5M
$14.0M
Q2 25
$13.5M
$13.1M
Q1 25
$10.7M
$12.8M
Q4 24
$17.1M
$750.0K
Q3 24
$15.4M
$773.0K
Q2 24
$16.4M
$10.7M
Q1 24
$14.8M
$10.4M
Net Profit
OCUL
OCUL
RBKB
RBKB
Q4 25
$-64.7M
$2.3M
Q3 25
$-69.4M
$2.7M
Q2 25
$-67.8M
$2.7M
Q1 25
$-64.1M
$2.3M
Q4 24
$-48.4M
$-2.7M
Q3 24
$-36.5M
$-8.1M
Q2 24
$-43.8M
$975.0K
Q1 24
$-64.8M
$1.1M
Gross Margin
OCUL
OCUL
RBKB
RBKB
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
RBKB
RBKB
Q4 25
-526.5%
21.7%
Q3 25
-472.3%
23.9%
Q2 25
-502.6%
26.6%
Q1 25
-597.5%
22.9%
Q4 24
-296.1%
-444.9%
Q3 24
-298.2%
-1332.3%
Q2 24
-265.1%
11.8%
Q1 24
-214.0%
13.9%
Net Margin
OCUL
OCUL
RBKB
RBKB
Q4 25
-488.0%
17.3%
Q3 25
-477.3%
19.3%
Q2 25
-503.9%
20.8%
Q1 25
-598.7%
17.9%
Q4 24
-283.3%
-353.9%
Q3 24
-236.6%
-1042.9%
Q2 24
-266.3%
9.2%
Q1 24
-438.9%
10.8%
EPS (diluted)
OCUL
OCUL
RBKB
RBKB
Q4 25
$-0.27
$0.21
Q3 25
$-0.38
$0.25
Q2 25
$-0.39
$0.25
Q1 25
$-0.38
$0.21
Q4 24
$-0.25
$-0.24
Q3 24
$-0.22
$-0.75
Q2 24
$-0.26
$0.09
Q1 24
$-0.49
$0.10

Balance Sheet & Financial Strength

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

Metric
OCUL
OCUL
RBKB
RBKB
Cash + ST InvestmentsLiquidity on hand
$737.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.3M
$136.9M
Total Assets
$808.1M
$1.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OCUL
OCUL
RBKB
RBKB
Q4 25
$737.1M
Q3 25
$344.8M
Q2 25
$391.1M
Q1 25
$349.7M
Q4 24
$392.1M
Q3 24
$427.2M
Q2 24
$459.7M
Q1 24
$482.9M
Stockholders' Equity
OCUL
OCUL
RBKB
RBKB
Q4 25
$654.3M
$136.9M
Q3 25
$258.2M
$133.0M
Q2 25
$305.9M
$129.0M
Q1 25
$265.9M
$126.0M
Q4 24
$315.3M
$121.8M
Q3 24
$352.0M
$122.7M
Q2 24
$377.7M
$116.2M
Q1 24
$408.0M
$114.3M
Total Assets
OCUL
OCUL
RBKB
RBKB
Q4 25
$808.1M
$1.3B
Q3 25
$410.9M
$1.3B
Q2 25
$451.3M
$1.3B
Q1 25
$405.9M
$1.3B
Q4 24
$457.9M
$1.3B
Q3 24
$490.4M
$1.3B
Q2 24
$517.1M
$1.3B
Q1 24
$538.9M
$1.3B

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
RBKB
RBKB
Operating Cash FlowLast quarter
$-54.2M
$11.7M
Free Cash FlowOCF − Capex
$-57.1M
$10.9M
FCF MarginFCF / Revenue
-430.9%
80.6%
Capex IntensityCapex / Revenue
21.4%
6.3%
Cash ConversionOCF / Net Profit
5.03×
TTM Free Cash FlowTrailing 4 quarters
$-216.9M
$19.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OCUL
OCUL
RBKB
RBKB
Q4 25
$-54.2M
$11.7M
Q3 25
$-50.7M
$2.2M
Q2 25
$-55.2M
$2.4M
Q1 25
$-44.7M
$4.3M
Q4 24
$-39.4M
$8.5M
Q3 24
$-36.6M
$-3.6M
Q2 24
$-24.8M
$12.0M
Q1 24
$-33.9M
$-3.5M
Free Cash Flow
OCUL
OCUL
RBKB
RBKB
Q4 25
$-57.1M
$10.9M
Q3 25
$-56.7M
$2.0M
Q2 25
$-56.5M
$2.2M
Q1 25
$-46.6M
$4.2M
Q4 24
$-39.6M
$7.7M
Q3 24
$-36.6M
$-3.6M
Q2 24
$-25.5M
$11.8M
Q1 24
$-34.1M
$-3.7M
FCF Margin
OCUL
OCUL
RBKB
RBKB
Q4 25
-430.9%
80.6%
Q3 25
-390.0%
14.5%
Q2 25
-419.7%
17.2%
Q1 25
-435.6%
32.8%
Q4 24
-232.0%
1023.9%
Q3 24
-237.6%
-469.0%
Q2 24
-155.4%
111.1%
Q1 24
-231.1%
-36.0%
Capex Intensity
OCUL
OCUL
RBKB
RBKB
Q4 25
21.4%
6.3%
Q3 25
41.2%
1.4%
Q2 25
9.3%
1.4%
Q1 25
18.1%
0.9%
Q4 24
1.2%
105.5%
Q3 24
0.6%
6.3%
Q2 24
4.5%
1.2%
Q1 24
1.7%
2.3%
Cash Conversion
OCUL
OCUL
RBKB
RBKB
Q4 25
5.03×
Q3 25
0.83×
Q2 25
0.89×
Q1 25
1.89×
Q4 24
Q3 24
Q2 24
12.27×
Q1 24
-3.12×

Financial Flow Comparison

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

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