vs
Side-by-side financial comparison of Orion Properties Inc. (ONL) and PETMED EXPRESS INC (PETS). Click either name above to swap in a different company.
PETMED EXPRESS INC is the larger business by last-quarter revenue ($40.7M vs $35.2M, roughly 1.2× Orion Properties Inc.). PETMED EXPRESS INC runs the higher net margin — -26.0% vs -101.7%, a 75.7% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-8.2% vs -23.3%). Over the past eight quarters, Orion Properties Inc.'s revenue compounded faster (-13.6% CAGR vs -20.9%).
PetMed Express, Inc., also known as PetMeds, is an online pet pharmacy based in the United States. It is publicly traded and sells prescription and non-prescription pet medication.
ONL vs PETS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $40.7M |
| Net Profit | $-35.8M | $-10.6M |
| Gross Margin | — | 23.3% |
| Operating Margin | -101.5% | -25.7% |
| Net Margin | -101.7% | -26.0% |
| Revenue YoY | -8.2% | -23.3% |
| Net Profit YoY | -9.3% | -1392.6% |
| EPS (diluted) | $-0.63 | $-0.50 |
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 | $35.2M | $40.7M | ||
| Q3 25 | $37.1M | $44.4M | ||
| Q2 25 | $37.3M | $51.2M | ||
| Q1 25 | $38.0M | $50.8M | ||
| Q4 24 | $38.4M | $52.0M | ||
| Q3 24 | $39.2M | $58.0M | ||
| Q2 24 | $40.1M | $66.2M | ||
| Q1 24 | $47.2M | $65.1M |
| Q4 25 | $-35.8M | $-10.6M | ||
| Q3 25 | $-69.0M | $-8.5M | ||
| Q2 25 | $-25.1M | $-34.2M | ||
| Q1 25 | $-9.4M | $-11.6M | ||
| Q4 24 | $-32.8M | $-707.0K | ||
| Q3 24 | $-10.2M | $2.3M | ||
| Q2 24 | $-33.8M | $3.8M | ||
| Q1 24 | $-26.2M | $-5.0M |
| Q4 25 | — | 23.3% | ||
| Q3 25 | — | 28.0% | ||
| Q2 25 | — | 28.1% | ||
| Q1 25 | — | 29.9% | ||
| Q4 24 | — | 31.0% | ||
| Q3 24 | — | 32.3% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | — | 29.3% |
| Q4 25 | -101.5% | -25.7% | ||
| Q3 25 | -185.8% | -18.9% | ||
| Q2 25 | -67.1% | -66.7% | ||
| Q1 25 | -24.4% | -11.9% | ||
| Q4 24 | -85.4% | -0.9% | ||
| Q3 24 | -25.9% | 1.0% | ||
| Q2 24 | -84.1% | 6.6% | ||
| Q1 24 | -55.4% | -5.9% |
| Q4 25 | -101.7% | -26.0% | ||
| Q3 25 | -186.0% | -19.2% | ||
| Q2 25 | -67.3% | -66.7% | ||
| Q1 25 | -24.6% | -22.9% | ||
| Q4 24 | -85.4% | -1.4% | ||
| Q3 24 | -26.1% | 4.0% | ||
| Q2 24 | -84.2% | 5.7% | ||
| Q1 24 | -55.6% | -7.7% |
| Q4 25 | $-0.63 | $-0.50 | ||
| Q3 25 | $-1.23 | $-0.41 | ||
| Q2 25 | $-0.45 | $-1.65 | ||
| Q1 25 | $-0.17 | $-0.56 | ||
| Q4 24 | $-0.59 | $-0.03 | ||
| Q3 24 | $-0.18 | $0.11 | ||
| Q2 24 | $-0.60 | $0.18 | ||
| Q1 24 | $-0.47 | $-0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $22.4M | $26.9M |
| Total DebtLower is stronger | $465.0M | — |
| Stockholders' EquityBook value | $623.2M | $32.8M |
| Total Assets | $1.2B | $88.0M |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $22.4M | $26.9M | ||
| Q3 25 | $32.6M | $36.1M | ||
| Q2 25 | $17.4M | $41.1M | ||
| Q1 25 | $9.4M | $54.7M | ||
| Q4 24 | $15.6M | $50.1M | ||
| Q3 24 | $16.6M | $52.0M | ||
| Q2 24 | $24.2M | $46.0M | ||
| Q1 24 | $23.6M | $55.3M |
| Q4 25 | $465.0M | — | ||
| Q3 25 | $483.0M | — | ||
| Q2 25 | $483.0M | — | ||
| Q1 25 | $505.0M | — | ||
| Q4 24 | $492.0M | — | ||
| Q3 24 | $485.0M | — | ||
| Q2 24 | $462.0M | — | ||
| Q1 24 | $471.0M | — |
| Q4 25 | $623.2M | $32.8M | ||
| Q3 25 | $658.8M | $43.1M | ||
| Q2 25 | $728.0M | $51.5M | ||
| Q1 25 | $753.5M | $85.1M | ||
| Q4 24 | $763.9M | $96.2M | ||
| Q3 24 | $800.9M | $96.4M | ||
| Q2 24 | $816.1M | $93.5M | ||
| Q1 24 | $854.6M | $96.7M |
| Q4 25 | $1.2B | $88.0M | ||
| Q3 25 | $1.2B | $100.3M | ||
| Q2 25 | $1.3B | $109.8M | ||
| Q1 25 | $1.3B | $148.7M | ||
| Q4 24 | $1.3B | $144.8M | ||
| Q3 24 | $1.4B | $146.0M | ||
| Q2 24 | $1.3B | $152.7M | ||
| Q1 24 | $1.4B | $169.9M |
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.67× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.61× | — | ||
| Q2 24 | 0.57× | — | ||
| Q1 24 | 0.55× | — |
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 | $23.6M | $-9.2M |
| Free Cash FlowOCF − Capex | — | $-9.2M |
| FCF MarginFCF / Revenue | — | -22.7% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-23.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.6M | $-9.2M | ||
| Q3 25 | $5.7M | $-2.2M | ||
| Q2 25 | $11.6M | $-12.3M | ||
| Q1 25 | $-2.2M | $7.0M | ||
| Q4 24 | $54.3M | $-1.2M | ||
| Q3 24 | $13.8M | $7.4M | ||
| Q2 24 | $17.0M | $-8.5M | ||
| Q1 24 | $11.0M | $7.1M |
| Q4 25 | — | $-9.2M | ||
| Q3 25 | — | $-4.8M | ||
| Q2 25 | — | $-13.6M | ||
| Q1 25 | — | $4.6M | ||
| Q4 24 | — | $-1.9M | ||
| Q3 24 | — | $6.1M | ||
| Q2 24 | — | $-9.2M | ||
| Q1 24 | — | $5.9M |
| Q4 25 | — | -22.7% | ||
| Q3 25 | — | -10.8% | ||
| Q2 25 | — | -26.5% | ||
| Q1 25 | — | 9.1% | ||
| Q4 24 | — | -3.7% | ||
| Q3 24 | — | 10.6% | ||
| Q2 24 | — | -13.9% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 5.9% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 1.5% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 1.0% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.18× | ||
| Q2 24 | — | -2.27× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONL
Segment breakdown not available.
PETS
| Reorder | $34.0M | 84% |
| New Order | $5.0M | 12% |
| Membership Fees | $1.6M | 4% |
