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Side-by-side financial comparison of ORION ENERGY SYSTEMS, INC. (OESX) and RxSight, Inc. (RXST). Click either name above to swap in a different company.
RxSight, Inc. is the larger business by last-quarter revenue ($32.6M vs $21.1M, roughly 1.5× ORION ENERGY SYSTEMS, INC.). ORION ENERGY SYSTEMS, INC. runs the higher net margin — 0.8% vs -28.1%, a 28.8% gap on every dollar of revenue. On growth, ORION ENERGY SYSTEMS, INC. posted the faster year-over-year revenue change (7.7% vs -18.9%). ORION ENERGY SYSTEMS, INC. produced more free cash flow last quarter ($-1.1M vs $-2.3M). Over the past eight quarters, RxSight, Inc.'s revenue compounded faster (5.1% 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
RxSight, Inc. is a medical technology company focused on developing and commercializing innovative intraocular lens solutions for patients undergoing cataract and refractive lens exchange procedures. Its flagship Light Adjustable Lens allows post-surgery power adjustment via a dedicated light delivery device, serving global ophthalmology care markets to improve post-operative visual outcomes for patients.
OESX vs RXST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.1M | $32.6M |
| Net Profit | $160.0K | $-9.2M |
| Gross Margin | 30.9% | 77.5% |
| Operating Margin | 1.8% | -34.8% |
| Net Margin | 0.8% | -28.1% |
| Revenue YoY | 7.7% | -18.9% |
| Net Profit YoY | 110.6% | -54.1% |
| EPS (diluted) | $0.04 | $-0.22 |
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 | $32.6M | ||
| Q3 25 | $19.9M | $30.3M | ||
| Q2 25 | $19.6M | $33.6M | ||
| Q1 25 | $20.9M | $37.9M | ||
| Q4 24 | $19.6M | $40.2M | ||
| Q3 24 | $19.4M | $35.3M | ||
| Q2 24 | $19.9M | $34.9M | ||
| Q1 24 | $26.4M | $29.5M |
| Q4 25 | $160.0K | $-9.2M | ||
| Q3 25 | $-581.0K | $-9.8M | ||
| Q2 25 | $-1.2M | $-11.8M | ||
| Q1 25 | $-2.9M | $-8.2M | ||
| Q4 24 | $-1.5M | $-5.9M | ||
| Q3 24 | $-3.6M | $-6.3M | ||
| Q2 24 | $-3.8M | $-6.1M | ||
| Q1 24 | $1.6M | $-9.1M |
| Q4 25 | 30.9% | 77.5% | ||
| Q3 25 | 31.0% | 79.9% | ||
| Q2 25 | 30.1% | 74.9% | ||
| Q1 25 | 27.4% | 74.8% | ||
| Q4 24 | 29.4% | 71.6% | ||
| Q3 24 | 23.1% | 71.4% | ||
| Q2 24 | 21.6% | 69.5% | ||
| Q1 24 | 25.8% | 70.1% |
| Q4 25 | 1.8% | -34.8% | ||
| Q3 25 | -1.2% | -40.1% | ||
| Q2 25 | -5.2% | -41.6% | ||
| Q1 25 | -12.7% | -28.2% | ||
| Q4 24 | -6.4% | -21.5% | ||
| Q3 24 | -16.9% | -26.1% | ||
| Q2 24 | -17.2% | -23.9% | ||
| Q1 24 | 6.8% | -36.2% |
| Q4 25 | 0.8% | -28.1% | ||
| Q3 25 | -2.9% | -32.4% | ||
| Q2 25 | -6.4% | -35.0% | ||
| Q1 25 | -13.9% | -21.6% | ||
| Q4 24 | -7.7% | -14.8% | ||
| Q3 24 | -18.7% | -17.9% | ||
| Q2 24 | -18.9% | -17.4% | ||
| Q1 24 | 6.1% | -30.8% |
| Q4 25 | $0.04 | $-0.22 | ||
| Q3 25 | $-0.17 | $-0.24 | ||
| Q2 25 | $-0.04 | $-0.29 | ||
| Q1 25 | $1.32 | $-0.20 | ||
| Q4 24 | $-0.46 | $-0.14 | ||
| Q3 24 | $-1.10 | $-0.16 | ||
| Q2 24 | $-0.12 | $-0.16 | ||
| Q1 24 | $0.06 | $-0.25 |
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 | $228.1M |
| Total DebtLower is stronger | $9.8M | — |
| Stockholders' EquityBook value | $11.8M | $275.7M |
| Total Assets | $48.3M | $311.8M |
| Debt / EquityLower = less leverage | 0.83× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.7M | $228.1M | ||
| Q3 25 | $5.2M | $227.5M | ||
| Q2 25 | $3.6M | $227.5M | ||
| Q1 25 | $6.0M | $229.3M | ||
| Q4 24 | $7.5M | $237.2M | ||
| Q3 24 | $5.4M | $237.1M | ||
| Q2 24 | $5.7M | $233.3M | ||
| Q1 24 | $5.2M | $125.4M |
| 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 | $275.7M | ||
| Q3 25 | $11.4M | $276.0M | ||
| Q2 25 | $10.8M | $278.0M | ||
| Q1 25 | $11.9M | $279.3M | ||
| Q4 24 | $14.5M | $281.2M | ||
| Q3 24 | $15.8M | $277.3M | ||
| Q2 24 | $19.1M | $275.2M | ||
| Q1 24 | $22.5M | $163.9M |
| Q4 25 | $48.3M | $311.8M | ||
| Q3 25 | $47.9M | $308.5M | ||
| Q2 25 | $49.0M | $309.0M | ||
| Q1 25 | $52.5M | $313.0M | ||
| Q4 24 | $52.7M | $318.6M | ||
| Q3 24 | $56.3M | $310.5M | ||
| Q2 24 | $59.8M | $305.5M | ||
| Q1 24 | $63.2M | $183.2M |
| 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 | $-1.1M |
| Free Cash FlowOCF − Capex | $-1.1M | $-2.3M |
| FCF MarginFCF / Revenue | -5.4% | -6.9% |
| Capex IntensityCapex / Revenue | 1.2% | 3.5% |
| Cash ConversionOCF / Net Profit | -5.61× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-905.0K | $-19.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-897.0K | $-1.1M | ||
| Q3 25 | $1.8M | $-1.2M | ||
| Q2 25 | $-515.0K | $-4.4M | ||
| Q1 25 | $-699.0K | $-8.8M | ||
| Q4 24 | $3.8M | $-4.3M | ||
| Q3 24 | $498.0K | $650.0K | ||
| Q2 24 | $-3.0M | $-4.0M | ||
| Q1 24 | $175.0K | $-9.3M |
| Q4 25 | $-1.1M | $-2.3M | ||
| Q3 25 | $1.6M | $-1.8M | ||
| Q2 25 | $-570.0K | $-5.9M | ||
| Q1 25 | $-750.0K | $-9.4M | ||
| Q4 24 | $3.7M | $-5.1M | ||
| Q3 24 | $493.0K | $-453.0K | ||
| Q2 24 | $-3.0M | $-5.5M | ||
| Q1 24 | $144.0K | $-11.3M |
| Q4 25 | -5.4% | -6.9% | ||
| Q3 25 | 7.9% | -5.8% | ||
| Q2 25 | -2.9% | -17.6% | ||
| Q1 25 | -3.6% | -24.8% | ||
| Q4 24 | 19.1% | -12.7% | ||
| Q3 24 | 2.5% | -1.3% | ||
| Q2 24 | -15.0% | -15.9% | ||
| Q1 24 | 0.5% | -38.2% |
| Q4 25 | 1.2% | 3.5% | ||
| Q3 25 | 1.3% | 1.9% | ||
| Q2 25 | 0.3% | 4.6% | ||
| Q1 25 | 0.2% | 1.5% | ||
| Q4 24 | 0.1% | 2.1% | ||
| Q3 24 | 0.0% | 3.1% | ||
| Q2 24 | 0.1% | 4.4% | ||
| Q1 24 | 0.1% | 6.7% |
| Q4 25 | -5.61× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.11× | — |
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% |
RXST
| Rxlal | $28.2M | 86% |
| LDD | $3.0M | 9% |
| Service Warranty Service Contracts And Accessories | $1.5M | 4% |
