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Side-by-side financial comparison of OCULAR THERAPEUTIX, INC (OCUL) and TRANSACT TECHNOLOGIES INC (TACT). Click either name above to swap in a different company.

OCULAR THERAPEUTIX, INC is the larger business by last-quarter revenue ($13.3M vs $11.5M, roughly 1.2× TRANSACT TECHNOLOGIES INC). On growth, TRANSACT TECHNOLOGIES INC posted the faster year-over-year revenue change (11.9% vs -22.4%). TRANSACT TECHNOLOGIES INC produced more free cash flow last quarter ($589.0K vs $-57.1M). Over the past eight quarters, TRANSACT TECHNOLOGIES INC's revenue compounded faster (3.5% 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.

Roper Technologies, Inc. is a holding company that owns companies in the technology sector.

OCUL vs TACT — Head-to-Head

Bigger by revenue
OCUL
OCUL
1.2× larger
OCUL
$13.3M
$11.5M
TACT
Growing faster (revenue YoY)
TACT
TACT
+34.4% gap
TACT
11.9%
-22.4%
OCUL
More free cash flow
TACT
TACT
$57.7M more FCF
TACT
$589.0K
$-57.1M
OCUL
Faster 2-yr revenue CAGR
TACT
TACT
Annualised
TACT
3.5%
-5.3%
OCUL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OCUL
OCUL
TACT
TACT
Revenue
$13.3M
$11.5M
Net Profit
$-64.7M
Gross Margin
88.0%
47.6%
Operating Margin
-526.5%
-10.1%
Net Margin
-488.0%
Revenue YoY
-22.4%
11.9%
Net Profit YoY
-33.6%
EPS (diluted)
$-0.27
$-0.11

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
TACT
TACT
Q4 25
$13.3M
$11.5M
Q3 25
$14.5M
$13.2M
Q2 25
$13.5M
$13.8M
Q1 25
$10.7M
$13.1M
Q4 24
$17.1M
$10.2M
Q3 24
$15.4M
$10.9M
Q2 24
$16.4M
$11.6M
Q1 24
$14.8M
$10.7M
Net Profit
OCUL
OCUL
TACT
TACT
Q4 25
$-64.7M
Q3 25
$-69.4M
$15.0K
Q2 25
$-67.8M
$-143.0K
Q1 25
$-64.1M
$19.0K
Q4 24
$-48.4M
Q3 24
$-36.5M
$-551.0K
Q2 24
$-43.8M
$-319.0K
Q1 24
$-64.8M
$-1.0M
Gross Margin
OCUL
OCUL
TACT
TACT
Q4 25
88.0%
47.6%
Q3 25
87.8%
49.8%
Q2 25
85.6%
48.2%
Q1 25
88.2%
48.7%
Q4 24
92.8%
44.2%
Q3 24
89.9%
48.1%
Q2 24
90.8%
52.7%
Q1 24
91.0%
52.6%
Operating Margin
OCUL
OCUL
TACT
TACT
Q4 25
-526.5%
-10.1%
Q3 25
-472.3%
0.1%
Q2 25
-502.6%
-1.9%
Q1 25
-597.5%
-0.1%
Q4 24
-296.1%
-10.3%
Q3 24
-298.2%
-7.7%
Q2 24
-265.1%
-3.8%
Q1 24
-214.0%
-12.2%
Net Margin
OCUL
OCUL
TACT
TACT
Q4 25
-488.0%
Q3 25
-477.3%
0.1%
Q2 25
-503.9%
-1.0%
Q1 25
-598.7%
0.1%
Q4 24
-283.3%
Q3 24
-236.6%
-5.1%
Q2 24
-266.3%
-2.8%
Q1 24
-438.9%
-9.7%
EPS (diluted)
OCUL
OCUL
TACT
TACT
Q4 25
$-0.27
$-0.11
Q3 25
$-0.38
$0.00
Q2 25
$-0.39
$-0.01
Q1 25
$-0.38
$0.00
Q4 24
$-0.25
$-0.80
Q3 24
$-0.22
$-0.06
Q2 24
$-0.26
$-0.03
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
TACT
TACT
Cash + ST InvestmentsLiquidity on hand
$737.1M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$654.3M
$31.1M
Total Assets
$808.1M
$44.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OCUL
OCUL
TACT
TACT
Q4 25
$737.1M
$20.4M
Q3 25
$344.8M
$20.0M
Q2 25
$391.1M
$17.7M
Q1 25
$349.7M
$14.2M
Q4 24
$392.1M
$14.4M
Q3 24
$427.2M
$11.3M
Q2 24
$459.7M
$11.1M
Q1 24
$482.9M
$10.6M
Stockholders' Equity
OCUL
OCUL
TACT
TACT
Q4 25
$654.3M
$31.1M
Q3 25
$258.2M
$31.8M
Q2 25
$305.9M
$31.3M
Q1 25
$265.9M
$30.9M
Q4 24
$315.3M
$30.6M
Q3 24
$352.0M
$38.4M
Q2 24
$377.7M
$38.5M
Q1 24
$408.0M
$38.6M
Total Assets
OCUL
OCUL
TACT
TACT
Q4 25
$808.1M
$44.8M
Q3 25
$410.9M
$45.0M
Q2 25
$451.3M
$44.5M
Q1 25
$405.9M
$44.2M
Q4 24
$457.9M
$44.0M
Q3 24
$490.4M
$50.5M
Q2 24
$517.1M
$50.4M
Q1 24
$538.9M
$51.9M

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
TACT
TACT
Operating Cash FlowLast quarter
$-54.2M
$609.0K
Free Cash FlowOCF − Capex
$-57.1M
$589.0K
FCF MarginFCF / Revenue
-430.9%
5.1%
Capex IntensityCapex / Revenue
21.4%
0.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-216.9M
$7.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OCUL
OCUL
TACT
TACT
Q4 25
$-54.2M
$609.0K
Q3 25
$-50.7M
$3.6M
Q2 25
$-55.2M
$3.6M
Q1 25
$-44.7M
$-161.0K
Q4 24
$-39.4M
$2.4M
Q3 24
$-36.6M
$327.0K
Q2 24
$-24.8M
$636.0K
Q1 24
$-33.9M
$-1.5M
Free Cash Flow
OCUL
OCUL
TACT
TACT
Q4 25
$-57.1M
$589.0K
Q3 25
$-56.7M
$3.6M
Q2 25
$-56.5M
$3.6M
Q1 25
$-46.6M
$-171.0K
Q4 24
$-39.6M
$2.4M
Q3 24
$-36.6M
$259.0K
Q2 24
$-25.5M
$499.0K
Q1 24
$-34.1M
$-1.6M
FCF Margin
OCUL
OCUL
TACT
TACT
Q4 25
-430.9%
5.1%
Q3 25
-390.0%
27.1%
Q2 25
-419.7%
25.9%
Q1 25
-435.6%
-1.3%
Q4 24
-232.0%
23.2%
Q3 24
-237.6%
2.4%
Q2 24
-155.4%
4.3%
Q1 24
-231.1%
-14.9%
Capex Intensity
OCUL
OCUL
TACT
TACT
Q4 25
21.4%
0.2%
Q3 25
41.2%
0.5%
Q2 25
9.3%
0.1%
Q1 25
18.1%
0.1%
Q4 24
1.2%
0.1%
Q3 24
0.6%
0.6%
Q2 24
4.5%
1.2%
Q1 24
1.7%
1.0%
Cash Conversion
OCUL
OCUL
TACT
TACT
Q4 25
Q3 25
242.00×
Q2 25
Q1 25
-8.47×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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