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Side-by-side financial comparison of ORION ENERGY SYSTEMS, INC. (OESX) and WEST BANCORPORATION INC (WTBA). Click either name above to swap in a different company.
WEST BANCORPORATION INC is the larger business by last-quarter revenue ($26.9M vs $21.1M, roughly 1.3× ORION ENERGY SYSTEMS, INC.). WEST BANCORPORATION INC runs the higher net margin — 39.2% vs 0.8%, a 38.5% gap on every dollar of revenue. On growth, WEST BANCORPORATION INC posted the faster year-over-year revenue change (16.6% vs 7.7%). WEST BANCORPORATION INC produced more free cash flow last quarter ($12.4M vs $-1.1M). Over the past eight quarters, WEST BANCORPORATION INC's revenue compounded faster (17.3% 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
West Bancorporation Inc. is a regional financial holding company headquartered in the U.S. Midwest, primarily serving markets across Iowa and Minnesota. It provides a full suite of personal and commercial banking services, including deposit accounts, mortgage loans, business lending, and wealth management solutions for individual consumers, small-to-medium enterprises, and local organizational clients.
OESX vs WTBA — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $21.1M | $26.9M |
| Net Profit | $160.0K | $10.6M |
| Gross Margin | 30.9% | — |
| Operating Margin | 1.8% | 50.0% |
| Net Margin | 0.8% | 39.2% |
| Revenue YoY | 7.7% | 16.6% |
| Net Profit YoY | 110.6% | 34.8% |
| EPS (diluted) | $0.04 | $0.61 |
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.
| Q1 26 | — | $26.9M | ||
| Q4 25 | $21.1M | $24.2M | ||
| Q3 25 | $19.9M | $25.0M | ||
| Q2 25 | $19.6M | $23.8M | ||
| Q1 25 | $20.9M | $23.1M | ||
| Q4 24 | $19.6M | $20.9M | ||
| Q3 24 | $19.4M | $20.3M | ||
| Q2 24 | $19.9M | $19.6M |
| Q1 26 | — | $10.6M | ||
| Q4 25 | $160.0K | $7.4M | ||
| Q3 25 | $-581.0K | $9.3M | ||
| Q2 25 | $-1.2M | $8.0M | ||
| Q1 25 | $-2.9M | $7.8M | ||
| Q4 24 | $-1.5M | $7.1M | ||
| Q3 24 | $-3.6M | $6.0M | ||
| Q2 24 | $-3.8M | $5.2M |
| Q1 26 | — | — | ||
| 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 26 | — | 50.0% | ||
| Q4 25 | 1.8% | 39.6% | ||
| Q3 25 | -1.2% | 45.8% | ||
| Q2 25 | -5.2% | 43.4% | ||
| Q1 25 | -12.7% | 43.4% | ||
| Q4 24 | -6.4% | 30.9% | ||
| Q3 24 | -16.9% | 36.6% | ||
| Q2 24 | -17.2% | 32.6% |
| Q1 26 | — | 39.2% | ||
| Q4 25 | 0.8% | 30.7% | ||
| Q3 25 | -2.9% | 37.3% | ||
| Q2 25 | -6.4% | 33.5% | ||
| Q1 25 | -13.9% | 34.0% | ||
| Q4 24 | -7.7% | 34.0% | ||
| Q3 24 | -18.7% | 29.3% | ||
| Q2 24 | -18.9% | 26.5% |
| Q1 26 | — | $0.61 | ||
| Q4 25 | $0.04 | $0.44 | ||
| Q3 25 | $-0.17 | $0.55 | ||
| Q2 25 | $-0.04 | $0.47 | ||
| Q1 25 | $1.32 | $0.46 | ||
| Q4 24 | $-0.46 | $0.41 | ||
| Q3 24 | $-1.10 | $0.35 | ||
| Q2 24 | $-0.12 | $0.31 |
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 | $362.0M |
| Total DebtLower is stronger | $9.8M | — |
| Stockholders' EquityBook value | $11.8M | $270.7M |
| Total Assets | $48.3M | $4.0B |
| Debt / EquityLower = less leverage | 0.83× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $362.0M | ||
| Q4 25 | $4.7M | $471.1M | ||
| Q3 25 | $5.2M | $232.9M | ||
| Q2 25 | $3.6M | $345.2M | ||
| Q1 25 | $6.0M | — | ||
| Q4 24 | $7.5M | $243.5M | ||
| Q3 24 | $5.4M | — | ||
| Q2 24 | $5.7M | — |
| Q1 26 | — | — | ||
| 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 26 | — | $270.7M | ||
| Q4 25 | $11.8M | $266.0M | ||
| Q3 25 | $11.4M | $255.1M | ||
| Q2 25 | $10.8M | $240.9M | ||
| Q1 25 | $11.9M | $237.9M | ||
| Q4 24 | $14.5M | $227.9M | ||
| Q3 24 | $15.8M | $235.4M | ||
| Q2 24 | $19.1M | $223.9M |
| Q1 26 | — | $4.0B | ||
| Q4 25 | $48.3M | $4.1B | ||
| Q3 25 | $47.9M | $4.0B | ||
| Q2 25 | $49.0M | $4.1B | ||
| Q1 25 | $52.5M | $4.0B | ||
| Q4 24 | $52.7M | $4.0B | ||
| Q3 24 | $56.3M | $4.0B | ||
| Q2 24 | $59.8M | $4.0B |
| Q1 26 | — | — | ||
| 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× | — |
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 | $12.9M |
| Free Cash FlowOCF − Capex | $-1.1M | $12.4M |
| FCF MarginFCF / Revenue | -5.4% | 46.0% |
| Capex IntensityCapex / Revenue | 1.2% | 1.8% |
| Cash ConversionOCF / Net Profit | -5.61× | 1.22× |
| TTM Free Cash FlowTrailing 4 quarters | $-905.0K | $79.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $12.9M | ||
| Q4 25 | $-897.0K | $46.5M | ||
| Q3 25 | $1.8M | $11.4M | ||
| Q2 25 | $-515.0K | $13.5M | ||
| Q1 25 | $-699.0K | $9.7M | ||
| Q4 24 | $3.8M | $39.8M | ||
| Q3 24 | $498.0K | $12.9M | ||
| Q2 24 | $-3.0M | $10.0M |
| Q1 26 | — | $12.4M | ||
| Q4 25 | $-1.1M | $43.2M | ||
| Q3 25 | $1.6M | $10.8M | ||
| Q2 25 | $-570.0K | $12.8M | ||
| Q1 25 | $-750.0K | $8.3M | ||
| Q4 24 | $3.7M | $13.7M | ||
| Q3 24 | $493.0K | $7.0M | ||
| Q2 24 | $-3.0M | $2.7M |
| Q1 26 | — | 46.0% | ||
| Q4 25 | -5.4% | 178.3% | ||
| Q3 25 | 7.9% | 43.0% | ||
| Q2 25 | -2.9% | 53.6% | ||
| Q1 25 | -3.6% | 35.7% | ||
| Q4 24 | 19.1% | 65.6% | ||
| Q3 24 | 2.5% | 34.2% | ||
| Q2 24 | -15.0% | 14.0% |
| Q1 26 | — | 1.8% | ||
| Q4 25 | 1.2% | 13.7% | ||
| Q3 25 | 1.3% | 2.6% | ||
| Q2 25 | 0.3% | 3.2% | ||
| Q1 25 | 0.2% | 6.5% | ||
| Q4 24 | 0.1% | 125.3% | ||
| Q3 24 | 0.0% | 29.4% | ||
| Q2 24 | 0.1% | 37.1% |
| Q1 26 | — | 1.22× | ||
| Q4 25 | -5.61× | 6.26× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.70× | ||
| Q1 25 | — | 1.24× | ||
| Q4 24 | — | 5.61× | ||
| Q3 24 | — | 2.17× | ||
| Q2 24 | — | 1.93× |
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% |
WTBA
Segment breakdown not available.
