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Side-by-side financial comparison of OIL STATES INTERNATIONAL, INC (OIS) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $178.5M, roughly 1.4× OIL STATES INTERNATIONAL, INC). OIL STATES INTERNATIONAL, INC runs the higher net margin — -65.7% vs -125.2%, a 59.5% gap on every dollar of revenue. OIL STATES INTERNATIONAL, INC produced more free cash flow last quarter ($47.1M vs $-256.6M).

Oil States International, Inc. is an American multinational corporation. It focuses on providing services to oil and gas companies. It is a public company listed on the New York Stock Exchange.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

OIS vs PCLA — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.4× larger
PCLA
$252.6M
$178.5M
OIS
Higher net margin
OIS
OIS
59.5% more per $
OIS
-65.7%
-125.2%
PCLA
More free cash flow
OIS
OIS
$303.7M more FCF
OIS
$47.1M
$-256.6M
PCLA

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
OIS
OIS
PCLA
PCLA
Revenue
$178.5M
$252.6M
Net Profit
$-117.2M
$-316.2M
Gross Margin
10.9%
Operating Margin
-63.7%
-114.8%
Net Margin
-65.7%
-125.2%
Revenue YoY
8.4%
Net Profit YoY
-873.2%
EPS (diluted)
$-1.99

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
OIS
OIS
PCLA
PCLA
Q4 25
$178.5M
Q3 25
$165.2M
Q2 25
$165.4M
Q1 25
$159.9M
$252.6M
Q4 24
$164.6M
Q3 24
$174.3M
Q2 24
$186.4M
Q1 24
$167.3M
Net Profit
OIS
OIS
PCLA
PCLA
Q4 25
$-117.2M
Q3 25
$1.9M
Q2 25
$2.8M
Q1 25
$3.2M
$-316.2M
Q4 24
$15.2M
Q3 24
$-14.3M
Q2 24
$1.3M
Q1 24
$-13.4M
Gross Margin
OIS
OIS
PCLA
PCLA
Q4 25
10.9%
Q3 25
22.1%
Q2 25
24.2%
Q1 25
23.3%
Q4 24
23.7%
Q3 24
21.7%
Q2 24
23.8%
Q1 24
21.1%
Operating Margin
OIS
OIS
PCLA
PCLA
Q4 25
-63.7%
Q3 25
2.9%
Q2 25
3.2%
Q1 25
3.5%
-114.8%
Q4 24
11.2%
Q3 24
-6.3%
Q2 24
1.1%
Q1 24
-6.7%
Net Margin
OIS
OIS
PCLA
PCLA
Q4 25
-65.7%
Q3 25
1.2%
Q2 25
1.7%
Q1 25
2.0%
-125.2%
Q4 24
9.2%
Q3 24
-8.2%
Q2 24
0.7%
Q1 24
-8.0%
EPS (diluted)
OIS
OIS
PCLA
PCLA
Q4 25
$-1.99
Q3 25
$0.03
Q2 25
$0.05
Q1 25
$0.05
Q4 24
$0.24
Q3 24
$-0.23
Q2 24
$0.02
Q1 24
$-0.21

Balance Sheet & Financial Strength

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

Metric
OIS
OIS
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$69.9M
$456.8M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$573.2M
$354.8M
Total Assets
$883.4M
$1.2B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OIS
OIS
PCLA
PCLA
Q4 25
$69.9M
Q3 25
$67.1M
Q2 25
$53.9M
Q1 25
$66.8M
$456.8M
Q4 24
$65.4M
Q3 24
$46.0M
Q2 24
$25.2M
Q1 24
$24.1M
Total Debt
OIS
OIS
PCLA
PCLA
Q4 25
$1.7M
Q3 25
$1.9M
Q2 25
$1.9M
Q1 25
$124.7M
Q4 24
$124.7M
Q3 24
$124.6M
Q2 24
$124.3M
Q1 24
$135.6M
Stockholders' Equity
OIS
OIS
PCLA
PCLA
Q4 25
$573.2M
Q3 25
$689.0M
Q2 25
$690.6M
Q1 25
$683.4M
$354.8M
Q4 24
$680.7M
Q3 24
$684.8M
Q2 24
$690.4M
Q1 24
$692.3M
Total Assets
OIS
OIS
PCLA
PCLA
Q4 25
$883.4M
Q3 25
$1.0B
Q2 25
$993.7M
Q1 25
$990.7M
$1.2B
Q4 24
$1.0B
Q3 24
$994.1M
Q2 24
$1.0B
Q1 24
$1.0B
Debt / Equity
OIS
OIS
PCLA
PCLA
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.18×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.18×
Q1 24
0.20×

Cash Flow & Capital Efficiency

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

Metric
OIS
OIS
PCLA
PCLA
Operating Cash FlowLast quarter
$50.1M
$-245.6M
Free Cash FlowOCF − Capex
$47.1M
$-256.6M
FCF MarginFCF / Revenue
26.4%
-101.6%
Capex IntensityCapex / Revenue
1.7%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$73.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OIS
OIS
PCLA
PCLA
Q4 25
$50.1M
Q3 25
$30.7M
Q2 25
$15.0M
Q1 25
$9.3M
$-245.6M
Q4 24
$18.2M
Q3 24
$28.8M
Q2 24
$10.2M
Q1 24
$-11.4M
Free Cash Flow
OIS
OIS
PCLA
PCLA
Q4 25
$47.1M
Q3 25
$22.0M
Q2 25
$4.7M
Q1 25
$137.0K
$-256.6M
Q4 24
$4.0M
Q3 24
$21.4M
Q2 24
$4.5M
Q1 24
$-21.5M
FCF Margin
OIS
OIS
PCLA
PCLA
Q4 25
26.4%
Q3 25
13.3%
Q2 25
2.8%
Q1 25
0.1%
-101.6%
Q4 24
2.4%
Q3 24
12.3%
Q2 24
2.4%
Q1 24
-12.8%
Capex Intensity
OIS
OIS
PCLA
PCLA
Q4 25
1.7%
Q3 25
5.3%
Q2 25
6.2%
Q1 25
5.7%
4.3%
Q4 24
8.6%
Q3 24
4.3%
Q2 24
3.1%
Q1 24
6.0%
Cash Conversion
OIS
OIS
PCLA
PCLA
Q4 25
Q3 25
16.15×
Q2 25
5.33×
Q1 25
2.94×
Q4 24
1.20×
Q3 24
Q2 24
7.87×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

OIS
OIS

Project Driven$112.6M63%
Downhole Technologies$32.1M18%
Completion And Production Services$23.1M13%
Military And Other Products$10.7M6%

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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