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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and Rocky Mountain Chocolate Factory, Inc. (RMCF). Click either name above to swap in a different company.

OCULAR THERAPEUTIX, INC is the larger business by last-quarter revenue ($13.3M vs $7.5M, roughly 1.8× Rocky Mountain Chocolate Factory, Inc.). Rocky Mountain Chocolate Factory, Inc. runs the higher net margin — -2.1% vs -488.0%, a 485.9% gap on every dollar of revenue. On growth, Rocky Mountain Chocolate Factory, Inc. posted the faster year-over-year revenue change (-4.4% vs -22.4%). Rocky Mountain Chocolate Factory, Inc. produced more free cash flow last quarter ($-1.3M vs $-57.1M). Over the past eight quarters, Rocky Mountain Chocolate Factory, Inc.'s revenue compounded faster (1.9% 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.

Rocky Mountain Chocolate, formerly Rocky Mountain Chocolate Factory, Inc., is an international franchiser, confectionery manufacturer and retail operator in the United States, with outlets in Panama and the Philippines. The company is based in the town of Durango, Colorado, United States of America.

OCUL vs RMCF — Head-to-Head

Bigger by revenue
OCUL
OCUL
1.8× larger
OCUL
$13.3M
$7.5M
RMCF
Growing faster (revenue YoY)
RMCF
RMCF
+18.0% gap
RMCF
-4.4%
-22.4%
OCUL
Higher net margin
RMCF
RMCF
485.9% more per $
RMCF
-2.1%
-488.0%
OCUL
More free cash flow
RMCF
RMCF
$55.8M more FCF
RMCF
$-1.3M
$-57.1M
OCUL
Faster 2-yr revenue CAGR
RMCF
RMCF
Annualised
RMCF
1.9%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
OCUL
OCUL
RMCF
RMCF
Revenue
$13.3M
$7.5M
Net Profit
$-64.7M
$-155.0K
Gross Margin
88.0%
34.0%
Operating Margin
-526.5%
1.1%
Net Margin
-488.0%
-2.1%
Revenue YoY
-22.4%
-4.4%
Net Profit YoY
-33.6%
81.7%
EPS (diluted)
$-0.27
$-0.02

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
RMCF
RMCF
Q4 25
$13.3M
$7.5M
Q3 25
$14.5M
$6.8M
Q2 25
$13.5M
$6.4M
Q1 25
$10.7M
$8.9M
Q4 24
$17.1M
$7.9M
Q3 24
$15.4M
$6.4M
Q2 24
$16.4M
$6.4M
Q1 24
$14.8M
$7.3M
Net Profit
OCUL
OCUL
RMCF
RMCF
Q4 25
$-64.7M
$-155.0K
Q3 25
$-69.4M
$-662.0K
Q2 25
$-67.8M
$-324.0K
Q1 25
$-64.1M
$-2.9M
Q4 24
$-48.4M
$-847.0K
Q3 24
$-36.5M
$-722.0K
Q2 24
$-43.8M
$-1.7M
Q1 24
$-64.8M
$-1.6M
Gross Margin
OCUL
OCUL
RMCF
RMCF
Q4 25
88.0%
34.0%
Q3 25
87.8%
23.6%
Q2 25
85.6%
31.1%
Q1 25
88.2%
10.8%
Q4 24
92.8%
23.4%
Q3 24
89.9%
31.8%
Q2 24
90.8%
12.8%
Q1 24
91.0%
24.3%
Operating Margin
OCUL
OCUL
RMCF
RMCF
Q4 25
-526.5%
1.1%
Q3 25
-472.3%
-7.0%
Q2 25
-502.6%
-2.3%
Q1 25
-597.5%
-30.3%
Q4 24
-296.1%
-8.9%
Q3 24
-298.2%
-14.3%
Q2 24
-265.1%
-25.4%
Q1 24
-214.0%
-21.7%
Net Margin
OCUL
OCUL
RMCF
RMCF
Q4 25
-488.0%
-2.1%
Q3 25
-477.3%
-9.7%
Q2 25
-503.9%
-5.1%
Q1 25
-598.7%
-32.5%
Q4 24
-283.3%
-10.7%
Q3 24
-236.6%
-11.3%
Q2 24
-266.3%
-25.9%
Q1 24
-438.9%
-21.9%
EPS (diluted)
OCUL
OCUL
RMCF
RMCF
Q4 25
$-0.27
$-0.02
Q3 25
$-0.38
$-0.09
Q2 25
$-0.39
$-0.04
Q1 25
$-0.38
$-0.38
Q4 24
$-0.25
$-0.11
Q3 24
$-0.22
$-0.11
Q2 24
$-0.26
$-0.26
Q1 24
$-0.49
$-0.25

Balance Sheet & Financial Strength

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

Metric
OCUL
OCUL
RMCF
RMCF
Cash + ST InvestmentsLiquidity on hand
$737.1M
$641.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$654.3M
$6.0M
Total Assets
$808.1M
$20.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OCUL
OCUL
RMCF
RMCF
Q4 25
$737.1M
$641.0K
Q3 25
$344.8M
$2.0M
Q2 25
$391.1M
$893.0K
Q1 25
$349.7M
$720.0K
Q4 24
$392.1M
$1.1M
Q3 24
$427.2M
$973.0K
Q2 24
$459.7M
$637.0K
Q1 24
$482.9M
$2.1M
Stockholders' Equity
OCUL
OCUL
RMCF
RMCF
Q4 25
$654.3M
$6.0M
Q3 25
$258.2M
$6.1M
Q2 25
$305.9M
$6.7M
Q1 25
$265.9M
$7.0M
Q4 24
$315.3M
$9.8M
Q3 24
$352.0M
$10.5M
Q2 24
$377.7M
$9.0M
Q1 24
$408.0M
$10.6M
Total Assets
OCUL
OCUL
RMCF
RMCF
Q4 25
$808.1M
$20.7M
Q3 25
$410.9M
$22.3M
Q2 25
$451.3M
$20.1M
Q1 25
$405.9M
$21.2M
Q4 24
$457.9M
$21.6M
Q3 24
$490.4M
$21.1M
Q2 24
$517.1M
$19.0M
Q1 24
$538.9M
$20.6M

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
RMCF
RMCF
Operating Cash FlowLast quarter
$-54.2M
$-1.2M
Free Cash FlowOCF − Capex
$-57.1M
$-1.3M
FCF MarginFCF / Revenue
-430.9%
-16.9%
Capex IntensityCapex / Revenue
21.4%
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-216.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OCUL
OCUL
RMCF
RMCF
Q4 25
$-54.2M
$-1.2M
Q3 25
$-50.7M
$-488.0K
Q2 25
$-55.2M
$350.0K
Q1 25
$-44.7M
$1.2M
Q4 24
$-39.4M
$-2.1M
Q3 24
$-36.6M
$-3.5M
Q2 24
$-24.8M
$-2.2M
Q1 24
$-33.9M
$129.0K
Free Cash Flow
OCUL
OCUL
RMCF
RMCF
Q4 25
$-57.1M
$-1.3M
Q3 25
$-56.7M
$-544.0K
Q2 25
$-56.5M
$182.0K
Q1 25
$-46.6M
Q4 24
$-39.6M
Q3 24
$-36.6M
$-4.6M
Q2 24
$-25.5M
$-2.6M
Q1 24
$-34.1M
$-352.3K
FCF Margin
OCUL
OCUL
RMCF
RMCF
Q4 25
-430.9%
-16.9%
Q3 25
-390.0%
-8.0%
Q2 25
-419.7%
2.9%
Q1 25
-435.6%
Q4 24
-232.0%
Q3 24
-237.6%
-72.6%
Q2 24
-155.4%
-40.2%
Q1 24
-231.1%
-4.9%
Capex Intensity
OCUL
OCUL
RMCF
RMCF
Q4 25
21.4%
0.5%
Q3 25
41.2%
0.8%
Q2 25
9.3%
2.6%
Q1 25
18.1%
Q4 24
1.2%
Q3 24
0.6%
17.5%
Q2 24
4.5%
6.5%
Q1 24
1.7%
6.6%

Financial Flow Comparison

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

Revenue Breakdown by Segment

OCUL
OCUL

Segment breakdown not available.

RMCF
RMCF

Manufacturing$5.9M78%
Transferred At Point In Time$1.2M16%
Other$414.0K5%

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