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Side-by-side financial comparison of Orion S.A. (OEC) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.

Orion S.A. is the larger business by last-quarter revenue ($459.5M vs $330.5M, roughly 1.4× Paymentus Holdings, Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs -2.2%, a 8.4% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs -3.8%). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs -1.9%).

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.

Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.

OEC vs PAY — Head-to-Head

Bigger by revenue
OEC
OEC
1.4× larger
OEC
$459.5M
$330.5M
PAY
Growing faster (revenue YoY)
PAY
PAY
+32.0% gap
PAY
28.1%
-3.8%
OEC
Higher net margin
PAY
PAY
8.4% more per $
PAY
6.3%
-2.2%
OEC
Faster 2-yr revenue CAGR
PAY
PAY
Annualised
PAY
33.7%
-1.9%
OEC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OEC
OEC
PAY
PAY
Revenue
$459.5M
$330.5M
Net Profit
$-9.9M
$20.7M
Gross Margin
17.2%
25.4%
Operating Margin
2.5%
7.3%
Net Margin
-2.2%
6.3%
Revenue YoY
-3.8%
28.1%
Net Profit YoY
-208.8%
57.2%
EPS (diluted)
$-0.18
$0.16

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
PAY
PAY
Q1 26
$459.5M
Q4 25
$411.7M
$330.5M
Q3 25
$450.9M
$310.7M
Q2 25
$466.4M
$280.1M
Q1 25
$477.7M
$275.2M
Q4 24
$434.2M
$257.9M
Q3 24
$463.4M
$231.6M
Q2 24
$477.0M
$197.4M
Net Profit
OEC
OEC
PAY
PAY
Q1 26
$-9.9M
Q4 25
$20.7M
Q3 25
$-67.1M
$17.7M
Q2 25
$9.0M
$14.7M
Q1 25
$9.1M
$13.8M
Q4 24
$13.1M
Q3 24
$-20.2M
$14.4M
Q2 24
$20.5M
$9.4M
Gross Margin
OEC
OEC
PAY
PAY
Q1 26
17.2%
Q4 25
18.9%
25.4%
Q3 25
19.0%
24.1%
Q2 25
21.1%
25.5%
Q1 25
20.5%
24.0%
Q4 24
20.6%
25.6%
Q3 24
23.2%
26.2%
Q2 24
23.0%
29.8%
Operating Margin
OEC
OEC
PAY
PAY
Q1 26
2.5%
Q4 25
4.3%
7.3%
Q3 25
-11.9%
6.4%
Q2 25
6.9%
5.7%
Q1 25
6.5%
5.7%
Q4 24
5.4%
5.5%
Q3 24
-3.3%
5.2%
Q2 24
8.7%
5.2%
Net Margin
OEC
OEC
PAY
PAY
Q1 26
-2.2%
Q4 25
6.3%
Q3 25
-14.9%
5.7%
Q2 25
1.9%
5.3%
Q1 25
1.9%
5.0%
Q4 24
5.1%
Q3 24
-4.4%
6.2%
Q2 24
4.3%
4.7%
EPS (diluted)
OEC
OEC
PAY
PAY
Q1 26
$-0.18
Q4 25
$-0.36
$0.16
Q3 25
$-1.20
$0.14
Q2 25
$0.16
$0.11
Q1 25
$0.16
$0.11
Q4 24
$0.31
$0.11
Q3 24
$-0.35
$0.11
Q2 24
$0.35
$0.07

Balance Sheet & Financial Strength

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

Metric
OEC
OEC
PAY
PAY
Cash + ST InvestmentsLiquidity on hand
$50.5M
$320.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$379.5M
$560.4M
Total Assets
$1.9B
$667.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OEC
OEC
PAY
PAY
Q1 26
$50.5M
Q4 25
$60.7M
$320.9M
Q3 25
$51.3M
$287.9M
Q2 25
$42.6M
$266.4M
Q1 25
$37.5M
$245.8M
Q4 24
$44.2M
$205.9M
Q3 24
$53.2M
$187.5M
Q2 24
$34.2M
$188.8M
Stockholders' Equity
OEC
OEC
PAY
PAY
Q1 26
$379.5M
Q4 25
$384.6M
$560.4M
Q3 25
$401.8M
$537.4M
Q2 25
$466.5M
$516.7M
Q1 25
$466.1M
$500.4M
Q4 24
$474.9M
$485.6M
Q3 24
$476.3M
$468.8M
Q2 24
$503.9M
$451.6M
Total Assets
OEC
OEC
PAY
PAY
Q1 26
$1.9B
Q4 25
$1.9B
$667.9M
Q3 25
$2.0B
$644.4M
Q2 25
$2.0B
$609.5M
Q1 25
$2.0B
$590.9M
Q4 24
$1.9B
$576.2M
Q3 24
$2.0B
$552.9M
Q2 24
$1.9B
$527.7M

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
PAY
PAY
Operating Cash FlowLast quarter
$-12.4M
$45.1M
Free Cash FlowOCF − Capex
$45.0M
FCF MarginFCF / Revenue
13.6%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
2.18×
TTM Free Cash FlowTrailing 4 quarters
$161.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OEC
OEC
PAY
PAY
Q1 26
$-12.4M
Q4 25
$92.9M
$45.1M
Q3 25
$68.8M
$35.1M
Q2 25
$53.7M
$31.5M
Q1 25
$400.0K
$50.4M
Q4 24
$94.5M
$27.9M
Q3 24
$-30.9M
$6.7M
Q2 24
$29.3M
$18.0M
Free Cash Flow
OEC
OEC
PAY
PAY
Q1 26
Q4 25
$44.2M
$45.0M
Q3 25
$27.9M
$35.0M
Q2 25
$11.5M
$31.4M
Q1 25
$-28.8M
$50.4M
Q4 24
$23.5M
$27.8M
Q3 24
$-78.8M
$6.7M
Q2 24
$-25.4M
$17.8M
FCF Margin
OEC
OEC
PAY
PAY
Q1 26
Q4 25
10.7%
13.6%
Q3 25
6.2%
11.3%
Q2 25
2.5%
11.2%
Q1 25
-6.0%
18.3%
Q4 24
5.4%
10.8%
Q3 24
-17.0%
2.9%
Q2 24
-5.3%
9.0%
Capex Intensity
OEC
OEC
PAY
PAY
Q1 26
Q4 25
11.8%
0.0%
Q3 25
9.1%
0.0%
Q2 25
9.0%
0.0%
Q1 25
6.1%
0.0%
Q4 24
16.4%
0.0%
Q3 24
10.3%
0.0%
Q2 24
11.5%
0.1%
Cash Conversion
OEC
OEC
PAY
PAY
Q1 26
Q4 25
2.18×
Q3 25
1.98×
Q2 25
5.97×
2.14×
Q1 25
0.04×
3.65×
Q4 24
2.12×
Q3 24
0.47×
Q2 24
1.43×
1.93×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OEC
OEC

Segment breakdown not available.

PAY
PAY

Payment Transaction Processing Revenue$326.9M99%
Other$3.5M1%

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