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Side-by-side financial comparison of ORION ENERGY SYSTEMS, INC. (OESX) and Orchid Island Capital, Inc. (ORC). Click either name above to swap in a different company.
Orchid Island Capital, Inc. is the larger business by last-quarter revenue ($38.5M vs $21.1M, roughly 1.8× ORION ENERGY SYSTEMS, INC.). Orchid Island Capital, Inc. runs the higher net margin — 268.7% vs 0.8%, a 268.0% gap on every dollar of revenue. On growth, Orchid Island Capital, Inc. posted the faster year-over-year revenue change (372.6% vs 7.7%). Over the past eight quarters, Orchid Island Capital, Inc.'s revenue compounded faster (301.6% CAGR vs -10.6%).
Orion Energy Systems, Inc. is an American LED lighting and intelligent controls enterprise, founded in Plymouth, Wisconsin, and headquartered in Manitowoc, Wisconsin
Orchid Island Capital, Inc. is a U.S.-based specialty finance company operating as a real estate investment trust. It primarily invests in residential mortgage-backed securities, including agency and non-agency products, targeting consistent risk-adjusted returns for its investors across U.S. fixed income markets.
OESX vs ORC — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.1M | $38.5M |
| Net Profit | $160.0K | $103.4M |
| Gross Margin | 30.9% | — |
| Operating Margin | 1.8% | — |
| Net Margin | 0.8% | 268.7% |
| Revenue YoY | 7.7% | 372.6% |
| Net Profit YoY | 110.6% | 1764.9% |
| EPS (diluted) | $0.04 | — |
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.
| Q4 25 | $21.1M | $38.5M | ||
| Q3 25 | $19.9M | $26.9M | ||
| Q2 25 | $19.6M | $23.2M | ||
| Q1 25 | $20.9M | $19.7M | ||
| Q4 24 | $19.6M | — | ||
| Q3 24 | $19.4M | $340.0K | ||
| Q2 24 | $19.9M | $-697.0K | ||
| Q1 24 | $26.4M | $-2.5M |
| Q4 25 | $160.0K | $103.4M | ||
| Q3 25 | $-581.0K | $72.1M | ||
| Q2 25 | $-1.2M | $-33.6M | ||
| Q1 25 | $-2.9M | $17.1M | ||
| Q4 24 | $-1.5M | — | ||
| Q3 24 | $-3.6M | $17.3M | ||
| Q2 24 | $-3.8M | $-5.0M | ||
| Q1 24 | $1.6M | $19.8M |
| Q4 25 | 30.9% | — | ||
| Q3 25 | 31.0% | — | ||
| Q2 25 | 30.1% | — | ||
| Q1 25 | 27.4% | — | ||
| Q4 24 | 29.4% | — | ||
| Q3 24 | 23.1% | — | ||
| Q2 24 | 21.6% | — | ||
| Q1 24 | 25.8% | — |
| Q4 25 | 1.8% | — | ||
| Q3 25 | -1.2% | — | ||
| Q2 25 | -5.2% | — | ||
| Q1 25 | -12.7% | — | ||
| Q4 24 | -6.4% | — | ||
| Q3 24 | -16.9% | — | ||
| Q2 24 | -17.2% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | 0.8% | 268.7% | ||
| Q3 25 | -2.9% | 267.8% | ||
| Q2 25 | -6.4% | -145.0% | ||
| Q1 25 | -13.9% | 86.9% | ||
| Q4 24 | -7.7% | — | ||
| Q3 24 | -18.7% | 5094.1% | ||
| Q2 24 | -18.9% | 714.3% | ||
| Q1 24 | 6.1% | -794.2% |
| Q4 25 | $0.04 | — | ||
| Q3 25 | $-0.17 | — | ||
| Q2 25 | $-0.04 | — | ||
| Q1 25 | $1.32 | — | ||
| Q4 24 | $-0.46 | — | ||
| Q3 24 | $-1.10 | — | ||
| Q2 24 | $-0.12 | — | ||
| Q1 24 | $0.06 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.7M | $665.9M |
| Total DebtLower is stronger | $9.8M | — |
| Stockholders' EquityBook value | $11.8M | $1.4B |
| Total Assets | $48.3M | $11.7B |
| Debt / EquityLower = less leverage | 0.83× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $665.9M | ||
| Q3 25 | $5.2M | $583.9M | ||
| Q2 25 | $3.6M | $440.8M | ||
| Q1 25 | $6.0M | $396.4M | ||
| Q4 24 | $7.5M | — | ||
| Q3 24 | $5.4M | $322.1M | ||
| Q2 24 | $5.7M | $241.0M | ||
| Q1 24 | $5.2M | $190.4M |
| Q4 25 | $9.8M | — | ||
| Q3 25 | $9.9M | — | ||
| Q2 25 | $8.5M | — | ||
| Q1 25 | $10.3M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $12.5M | — | ||
| Q2 24 | $13.5M | — | ||
| Q1 24 | $10.0M | — |
| Q4 25 | $11.8M | $1.4B | ||
| Q3 25 | $11.4M | $1.1B | ||
| Q2 25 | $10.8M | $912.0M | ||
| Q1 25 | $11.9M | $855.9M | ||
| Q4 24 | $14.5M | — | ||
| Q3 24 | $15.8M | $656.0M | ||
| Q2 24 | $19.1M | $555.9M | ||
| Q1 24 | $22.5M | $481.6M |
| Q4 25 | $48.3M | $11.7B | ||
| Q3 25 | $47.9M | $9.1B | ||
| Q2 25 | $49.0M | $7.6B | ||
| Q1 25 | $52.5M | $7.3B | ||
| Q4 24 | $52.7M | — | ||
| Q3 24 | $56.3M | $5.9B | ||
| Q2 24 | $59.8M | $4.9B | ||
| Q1 24 | $63.2M | $4.2B |
| Q4 25 | 0.83× | — | ||
| Q3 25 | 0.87× | — | ||
| Q2 25 | 0.79× | — | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.79× | — | ||
| Q2 24 | 0.71× | — | ||
| Q1 24 | 0.44× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-897.0K | $120.4M |
| Free Cash FlowOCF − Capex | $-1.1M | — |
| FCF MarginFCF / Revenue | -5.4% | — |
| Capex IntensityCapex / Revenue | 1.2% | — |
| Cash ConversionOCF / Net Profit | -5.61× | 1.16× |
| TTM Free Cash FlowTrailing 4 quarters | $-905.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-897.0K | $120.4M | ||
| Q3 25 | $1.8M | $28.0M | ||
| Q2 25 | $-515.0K | $18.4M | ||
| Q1 25 | $-699.0K | $25.8M | ||
| Q4 24 | $3.8M | — | ||
| Q3 24 | $498.0K | $-14.8M | ||
| Q2 24 | $-3.0M | $19.3M | ||
| Q1 24 | $175.0K | $45.0M |
| Q4 25 | $-1.1M | — | ||
| Q3 25 | $1.6M | — | ||
| Q2 25 | $-570.0K | — | ||
| Q1 25 | $-750.0K | — | ||
| Q4 24 | $3.7M | — | ||
| Q3 24 | $493.0K | — | ||
| Q2 24 | $-3.0M | — | ||
| Q1 24 | $144.0K | — |
| Q4 25 | -5.4% | — | ||
| Q3 25 | 7.9% | — | ||
| Q2 25 | -2.9% | — | ||
| Q1 25 | -3.6% | — | ||
| Q4 24 | 19.1% | — | ||
| Q3 24 | 2.5% | — | ||
| Q2 24 | -15.0% | — | ||
| Q1 24 | 0.5% | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 1.3% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.1% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | -5.61× | 1.16× | ||
| Q3 25 | — | 0.39× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 1.51× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.86× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.11× | 2.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OESX
| Lighting Product And Installation | $11.9M | 56% |
| Electric Vehicle Charging Systems | $4.7M | 22% |
| Maintenance Services | $4.4M | 21% |
ORC
Segment breakdown not available.
