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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $13.3M, roughly 1.7× OCULAR THERAPEUTIX, INC). R F INDUSTRIES LTD runs the higher net margin — 0.8% vs -488.0%, a 488.7% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs -22.4%). R F INDUSTRIES LTD produced more free cash flow last quarter ($2.0M vs $-57.1M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

OCUL vs RFIL — Head-to-Head

Bigger by revenue
RFIL
RFIL
1.7× larger
RFIL
$22.7M
$13.3M
OCUL
Growing faster (revenue YoY)
RFIL
RFIL
+45.4% gap
RFIL
22.9%
-22.4%
OCUL
Higher net margin
RFIL
RFIL
488.7% more per $
RFIL
0.8%
-488.0%
OCUL
More free cash flow
RFIL
RFIL
$59.1M more FCF
RFIL
$2.0M
$-57.1M
OCUL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OCUL
OCUL
RFIL
RFIL
Revenue
$13.3M
$22.7M
Net Profit
$-64.7M
$173.0K
Gross Margin
88.0%
36.8%
Operating Margin
-526.5%
4.0%
Net Margin
-488.0%
0.8%
Revenue YoY
-22.4%
22.9%
Net Profit YoY
-33.6%
172.7%
EPS (diluted)
$-0.27
$0.01

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
RFIL
RFIL
Q4 25
$13.3M
$22.7M
Q3 25
$14.5M
$19.8M
Q2 25
$13.5M
$18.9M
Q1 25
$10.7M
$19.2M
Q4 24
$17.1M
$18.5M
Q3 24
$15.4M
$16.8M
Q2 24
$16.4M
$16.1M
Q1 24
$14.8M
$13.5M
Net Profit
OCUL
OCUL
RFIL
RFIL
Q4 25
$-64.7M
$173.0K
Q3 25
$-69.4M
$392.0K
Q2 25
$-67.8M
$-245.0K
Q1 25
$-64.1M
$-245.0K
Q4 24
$-48.4M
$-238.0K
Q3 24
$-36.5M
$-705.0K
Q2 24
$-43.8M
$-4.3M
Q1 24
$-64.8M
$-1.4M
Gross Margin
OCUL
OCUL
RFIL
RFIL
Q4 25
88.0%
36.8%
Q3 25
87.8%
34.0%
Q2 25
85.6%
31.5%
Q1 25
88.2%
29.8%
Q4 24
92.8%
31.3%
Q3 24
89.9%
29.5%
Q2 24
90.8%
29.9%
Q1 24
91.0%
24.5%
Operating Margin
OCUL
OCUL
RFIL
RFIL
Q4 25
-526.5%
4.0%
Q3 25
-472.3%
3.6%
Q2 25
-502.6%
0.6%
Q1 25
-597.5%
0.3%
Q4 24
-296.1%
0.5%
Q3 24
-298.2%
-2.5%
Q2 24
-265.1%
-2.6%
Q1 24
-214.0%
-15.5%
Net Margin
OCUL
OCUL
RFIL
RFIL
Q4 25
-488.0%
0.8%
Q3 25
-477.3%
2.0%
Q2 25
-503.9%
-1.3%
Q1 25
-598.7%
-1.3%
Q4 24
-283.3%
-1.3%
Q3 24
-236.6%
-4.2%
Q2 24
-266.3%
-26.7%
Q1 24
-438.9%
-10.1%
EPS (diluted)
OCUL
OCUL
RFIL
RFIL
Q4 25
$-0.27
$0.01
Q3 25
$-0.38
$0.04
Q2 25
$-0.39
$-0.02
Q1 25
$-0.38
$-0.02
Q4 24
$-0.25
$-0.02
Q3 24
$-0.22
$-0.07
Q2 24
$-0.26
$-0.41
Q1 24
$-0.49
$-0.13

Balance Sheet & Financial Strength

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

Metric
OCUL
OCUL
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$737.1M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.3M
$35.2M
Total Assets
$808.1M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OCUL
OCUL
RFIL
RFIL
Q4 25
$737.1M
$5.1M
Q3 25
$344.8M
$3.0M
Q2 25
$391.1M
$3.6M
Q1 25
$349.7M
$1.3M
Q4 24
$392.1M
$839.0K
Q3 24
$427.2M
$1.8M
Q2 24
$459.7M
$1.4M
Q1 24
$482.9M
$4.5M
Stockholders' Equity
OCUL
OCUL
RFIL
RFIL
Q4 25
$654.3M
$35.2M
Q3 25
$258.2M
$34.8M
Q2 25
$305.9M
$34.2M
Q1 25
$265.9M
$34.2M
Q4 24
$315.3M
$34.1M
Q3 24
$352.0M
$34.1M
Q2 24
$377.7M
$34.6M
Q1 24
$408.0M
$38.7M
Total Assets
OCUL
OCUL
RFIL
RFIL
Q4 25
$808.1M
$73.0M
Q3 25
$410.9M
$73.2M
Q2 25
$451.3M
$72.7M
Q1 25
$405.9M
$70.4M
Q4 24
$457.9M
$71.0M
Q3 24
$490.4M
$71.9M
Q2 24
$517.1M
$72.8M
Q1 24
$538.9M
$79.1M

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
RFIL
RFIL
Operating Cash FlowLast quarter
$-54.2M
$2.1M
Free Cash FlowOCF − Capex
$-57.1M
$2.0M
FCF MarginFCF / Revenue
-430.9%
9.0%
Capex IntensityCapex / Revenue
21.4%
0.3%
Cash ConversionOCF / Net Profit
12.13×
TTM Free Cash FlowTrailing 4 quarters
$-216.9M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OCUL
OCUL
RFIL
RFIL
Q4 25
$-54.2M
$2.1M
Q3 25
$-50.7M
$-311.0K
Q2 25
$-55.2M
$2.2M
Q1 25
$-44.7M
$601.0K
Q4 24
$-39.4M
$-244.0K
Q3 24
$-36.6M
$2.4M
Q2 24
$-24.8M
$197.0K
Q1 24
$-33.9M
$840.0K
Free Cash Flow
OCUL
OCUL
RFIL
RFIL
Q4 25
$-57.1M
$2.0M
Q3 25
$-56.7M
$-419.0K
Q2 25
$-56.5M
$2.2M
Q1 25
$-46.6M
$574.0K
Q4 24
$-39.6M
$-418.0K
Q3 24
$-36.6M
$2.1M
Q2 24
$-25.5M
$28.0K
Q1 24
$-34.1M
$697.0K
FCF Margin
OCUL
OCUL
RFIL
RFIL
Q4 25
-430.9%
9.0%
Q3 25
-390.0%
-2.1%
Q2 25
-419.7%
11.4%
Q1 25
-435.6%
3.0%
Q4 24
-232.0%
-2.3%
Q3 24
-237.6%
12.6%
Q2 24
-155.4%
0.2%
Q1 24
-231.1%
5.2%
Capex Intensity
OCUL
OCUL
RFIL
RFIL
Q4 25
21.4%
0.3%
Q3 25
41.2%
0.5%
Q2 25
9.3%
0.2%
Q1 25
18.1%
0.1%
Q4 24
1.2%
0.9%
Q3 24
0.6%
1.5%
Q2 24
4.5%
1.0%
Q1 24
1.7%
1.1%
Cash Conversion
OCUL
OCUL
RFIL
RFIL
Q4 25
12.13×
Q3 25
-0.79×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

OCUL
OCUL

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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