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Side-by-side financial comparison of Orion S.A. (OEC) and OPPENHEIMER HOLDINGS INC (OPY). Click either name above to swap in a different company.

OPPENHEIMER HOLDINGS INC is the larger business by last-quarter revenue ($472.6M vs $411.7M, roughly 1.1× Orion S.A.). On growth, OPPENHEIMER HOLDINGS INC posted the faster year-over-year revenue change (25.9% vs -5.2%). OPPENHEIMER HOLDINGS INC produced more free cash flow last quarter ($183.6M vs $44.2M). Over the past eight quarters, OPPENHEIMER HOLDINGS INC's revenue compounded faster (15.7% CAGR vs -9.5%).

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

Oppenheimer Holdings Inc. is an American multinational independent investment bank and financial services company offering investment banking, financial advisory services, capital markets services, asset management, wealth management, and related products and services worldwide. The company, which once occupied the One World Financial Center building in Manhattan, now bases its operations at 85 Broad Street in New York City.

OEC vs OPY — Head-to-Head

Bigger by revenue
OPY
OPY
1.1× larger
OPY
$472.6M
$411.7M
OEC
Growing faster (revenue YoY)
OPY
OPY
+31.1% gap
OPY
25.9%
-5.2%
OEC
More free cash flow
OPY
OPY
$139.4M more FCF
OPY
$183.6M
$44.2M
OEC
Faster 2-yr revenue CAGR
OPY
OPY
Annualised
OPY
15.7%
-9.5%
OEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OEC
OEC
OPY
OPY
Revenue
$411.7M
$472.6M
Net Profit
$74.4M
Gross Margin
18.9%
Operating Margin
4.3%
22.4%
Net Margin
15.7%
Revenue YoY
-5.2%
25.9%
Net Profit YoY
593.1%
EPS (diluted)
$-0.36
$6.51

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
OEC
OEC
OPY
OPY
Q4 25
$411.7M
$472.6M
Q3 25
$450.9M
$424.4M
Q2 25
$466.4M
$373.2M
Q1 25
$477.7M
$367.8M
Q4 24
$434.2M
$375.4M
Q3 24
$463.4M
$373.4M
Q2 24
$477.0M
$330.6M
Q1 24
$502.9M
$353.1M
Net Profit
OEC
OEC
OPY
OPY
Q4 25
$74.4M
Q3 25
$-67.1M
$21.7M
Q2 25
$9.0M
$21.7M
Q1 25
$9.1M
$30.7M
Q4 24
$10.7M
Q3 24
$-20.2M
$24.5M
Q2 24
$20.5M
$10.3M
Q1 24
$26.7M
$26.1M
Gross Margin
OEC
OEC
OPY
OPY
Q4 25
18.9%
Q3 25
19.0%
Q2 25
21.1%
Q1 25
20.5%
Q4 24
20.6%
Q3 24
23.2%
Q2 24
23.0%
Q1 24
24.3%
Operating Margin
OEC
OEC
OPY
OPY
Q4 25
4.3%
22.4%
Q3 25
-11.9%
7.5%
Q2 25
6.9%
8.6%
Q1 25
6.5%
11.2%
Q4 24
5.4%
4.5%
Q3 24
-3.3%
9.5%
Q2 24
8.7%
4.8%
Q1 24
10.5%
10.6%
Net Margin
OEC
OEC
OPY
OPY
Q4 25
15.7%
Q3 25
-14.9%
5.1%
Q2 25
1.9%
5.8%
Q1 25
1.9%
8.3%
Q4 24
2.9%
Q3 24
-4.4%
6.6%
Q2 24
4.3%
3.1%
Q1 24
5.3%
7.4%
EPS (diluted)
OEC
OEC
OPY
OPY
Q4 25
$-0.36
$6.51
Q3 25
$-1.20
$1.90
Q2 25
$0.16
$1.91
Q1 25
$0.16
$2.72
Q4 24
$0.31
$0.92
Q3 24
$-0.35
$2.16
Q2 24
$0.35
$0.92
Q1 24
$0.45
$2.37

Balance Sheet & Financial Strength

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

Metric
OEC
OEC
OPY
OPY
Cash + ST InvestmentsLiquidity on hand
$60.7M
$38.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$384.6M
$983.8M
Total Assets
$1.9B
$3.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OEC
OEC
OPY
OPY
Q4 25
$60.7M
$38.4M
Q3 25
$51.3M
$38.3M
Q2 25
$42.6M
$37.6M
Q1 25
$37.5M
$36.7M
Q4 24
$44.2M
$33.1M
Q3 24
$53.2M
$32.2M
Q2 24
$34.2M
$33.2M
Q1 24
$43.9M
$27.7M
Total Debt
OEC
OEC
OPY
OPY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
$112.8M
Q2 24
$112.8M
Q1 24
$112.7M
Stockholders' Equity
OEC
OEC
OPY
OPY
Q4 25
$384.6M
$983.8M
Q3 25
$401.8M
$920.3M
Q2 25
$466.5M
$896.9M
Q1 25
$466.1M
$872.3M
Q4 24
$474.9M
$850.4M
Q3 24
$476.3M
$837.8M
Q2 24
$503.9M
$812.1M
Q1 24
$492.2M
$801.5M
Total Assets
OEC
OEC
OPY
OPY
Q4 25
$1.9B
$3.7B
Q3 25
$2.0B
$3.8B
Q2 25
$2.0B
$3.7B
Q1 25
$2.0B
$3.6B
Q4 24
$1.9B
$3.4B
Q3 24
$2.0B
$3.4B
Q2 24
$1.9B
$3.3B
Q1 24
$1.9B
$3.3B
Debt / Equity
OEC
OEC
OPY
OPY
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
0.13×
Q2 24
0.14×
Q1 24
0.14×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OEC
OEC
OPY
OPY
Operating Cash FlowLast quarter
$92.9M
$188.8M
Free Cash FlowOCF − Capex
$44.2M
$183.6M
FCF MarginFCF / Revenue
10.7%
38.8%
Capex IntensityCapex / Revenue
11.8%
1.1%
Cash ConversionOCF / Net Profit
2.54×
TTM Free Cash FlowTrailing 4 quarters
$54.8M
$191.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OEC
OEC
OPY
OPY
Q4 25
$92.9M
$188.8M
Q3 25
$68.8M
$63.4M
Q2 25
$53.7M
$40.1M
Q1 25
$400.0K
$-91.7M
Q4 24
$94.5M
$-108.2M
Q3 24
$-30.9M
$11.4M
Q2 24
$29.3M
$-115.3M
Q1 24
$32.4M
$-79.0M
Free Cash Flow
OEC
OEC
OPY
OPY
Q4 25
$44.2M
$183.6M
Q3 25
$27.9M
$62.2M
Q2 25
$11.5M
$38.9M
Q1 25
$-28.8M
$-93.4M
Q4 24
$23.5M
$-113.3M
Q3 24
$-78.8M
$11.2M
Q2 24
$-25.4M
$-116.7M
Q1 24
$-700.0K
$-79.3M
FCF Margin
OEC
OEC
OPY
OPY
Q4 25
10.7%
38.8%
Q3 25
6.2%
14.7%
Q2 25
2.5%
10.4%
Q1 25
-6.0%
-25.4%
Q4 24
5.4%
-30.2%
Q3 24
-17.0%
3.0%
Q2 24
-5.3%
-35.3%
Q1 24
-0.1%
-22.5%
Capex Intensity
OEC
OEC
OPY
OPY
Q4 25
11.8%
1.1%
Q3 25
9.1%
0.3%
Q2 25
9.0%
0.3%
Q1 25
6.1%
0.5%
Q4 24
16.4%
1.4%
Q3 24
10.3%
0.1%
Q2 24
11.5%
0.4%
Q1 24
6.6%
0.1%
Cash Conversion
OEC
OEC
OPY
OPY
Q4 25
2.54×
Q3 25
2.92×
Q2 25
5.97×
1.85×
Q1 25
0.04×
-2.99×
Q4 24
-10.08×
Q3 24
0.47×
Q2 24
1.43×
-11.23×
Q1 24
1.21×
-3.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OEC
OEC

Rubber$272.0M66%
Specialties$139.7M34%

OPY
OPY

Advisory Fees$166.6M35%
Capital Markets Segment$155.5M33%
Other$57.2M12%
Commissions From Sales And Trading$52.9M11%
Bank Deposit Sweep Income$27.7M6%
Mutual Fund Income$8.9M2%
Investment Banking Capital Markets$3.3M1%

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