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Side-by-side financial comparison of Orion Properties Inc. (ONL) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.
SBC Medical Group Holdings Inc is the larger business by last-quarter revenue ($39.6M vs $36.3M, roughly 1.1× Orion Properties Inc.). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs -37.4%, a 73.3% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-4.6% vs -10.9%). Over the past eight quarters, Orion Properties Inc.'s revenue compounded faster (-4.9% CAGR vs -15.0%).
SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.
ONL vs SBC — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $36.3M | $39.6M |
| Net Profit | $-13.6M | $14.2M |
| Gross Margin | — | 73.1% |
| Operating Margin | -9.3% | 32.5% |
| Net Margin | -37.4% | 35.9% |
| Revenue YoY | -4.6% | -10.9% |
| Net Profit YoY | -45.0% | 117.2% |
| EPS (diluted) | $-0.24 | $0.15 |
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 | $36.3M | — | ||
| Q4 25 | $35.2M | $39.6M | ||
| Q3 25 | $37.1M | $43.4M | ||
| Q2 25 | $37.3M | $43.4M | ||
| Q1 25 | $38.0M | $47.3M | ||
| Q4 24 | $38.4M | $44.4M | ||
| Q3 24 | $39.2M | $53.1M | ||
| Q2 24 | $40.1M | $53.1M |
| Q1 26 | $-13.6M | — | ||
| Q4 25 | $-35.8M | $14.2M | ||
| Q3 25 | $-69.0M | $12.8M | ||
| Q2 25 | $-25.1M | $2.5M | ||
| Q1 25 | $-9.4M | $21.5M | ||
| Q4 24 | $-32.8M | $6.5M | ||
| Q3 24 | $-10.2M | $2.8M | ||
| Q2 24 | $-33.8M | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 73.1% | ||
| Q3 25 | — | 70.6% | ||
| Q2 25 | — | 69.2% | ||
| Q1 25 | — | 79.7% | ||
| Q4 24 | — | 76.3% | ||
| Q3 24 | — | 81.5% | ||
| Q2 24 | — | 74.2% |
| Q1 26 | -9.3% | — | ||
| Q4 25 | -101.5% | 32.5% | ||
| Q3 25 | -185.8% | 36.6% | ||
| Q2 25 | -67.1% | 33.6% | ||
| Q1 25 | -24.4% | 51.1% | ||
| Q4 24 | -85.4% | 10.6% | ||
| Q3 24 | -25.9% | 26.1% | ||
| Q2 24 | -84.1% | 51.4% |
| Q1 26 | -37.4% | — | ||
| Q4 25 | -101.7% | 35.9% | ||
| Q3 25 | -186.0% | 29.6% | ||
| Q2 25 | -67.3% | 5.7% | ||
| Q1 25 | -24.6% | 45.4% | ||
| Q4 24 | -85.4% | 14.7% | ||
| Q3 24 | -26.1% | 5.3% | ||
| Q2 24 | -84.2% | 34.8% |
| Q1 26 | $-0.24 | — | ||
| Q4 25 | $-0.63 | $0.15 | ||
| Q3 25 | $-1.23 | $0.12 | ||
| Q2 25 | $-0.45 | $0.02 | ||
| Q1 25 | $-0.17 | $0.21 | ||
| Q4 24 | $-0.59 | $0.05 | ||
| Q3 24 | $-0.18 | $0.03 | ||
| Q2 24 | $-0.60 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $10.3M | $164.1M |
| Total DebtLower is stronger | — | $42.8M |
| Stockholders' EquityBook value | $608.5M | $248.3M |
| Total Assets | $1.2B | $380.4M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $10.3M | — | ||
| Q4 25 | $22.4M | $164.1M | ||
| Q3 25 | $32.6M | $127.4M | ||
| Q2 25 | $17.4M | $152.7M | ||
| Q1 25 | $9.4M | $132.1M | ||
| Q4 24 | $15.6M | $125.0M | ||
| Q3 24 | $16.6M | $137.4M | ||
| Q2 24 | $24.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | $465.0M | $42.8M | ||
| Q3 25 | $483.0M | $21.1M | ||
| Q2 25 | $483.0M | $7.1M | ||
| Q1 25 | $505.0M | $6.9M | ||
| Q4 24 | $492.0M | $6.6M | ||
| Q3 24 | $485.0M | $823.2K | ||
| Q2 24 | $462.0M | — |
| Q1 26 | $608.5M | — | ||
| Q4 25 | $623.2M | $248.3M | ||
| Q3 25 | $658.8M | $248.0M | ||
| Q2 25 | $728.0M | $244.6M | ||
| Q1 25 | $753.5M | $226.4M | ||
| Q4 24 | $763.9M | $195.1M | ||
| Q3 24 | $800.9M | $205.0M | ||
| Q2 24 | $816.1M | $8.8M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $380.4M | ||
| Q3 25 | $1.2B | $321.4M | ||
| Q2 25 | $1.3B | $315.3M | ||
| Q1 25 | $1.3B | $284.6M | ||
| Q4 24 | $1.3B | $266.1M | ||
| Q3 24 | $1.4B | $296.5M | ||
| Q2 24 | $1.3B | $19.5M |
| Q1 26 | — | — | ||
| Q4 25 | 0.75× | 0.17× | ||
| Q3 25 | 0.73× | 0.09× | ||
| Q2 25 | 0.66× | 0.03× | ||
| Q1 25 | 0.67× | 0.03× | ||
| Q4 24 | 0.64× | 0.03× | ||
| Q3 24 | 0.61× | 0.00× | ||
| Q2 24 | 0.57× | — |
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 | — | $52.0M |
| Free Cash FlowOCF − Capex | — | $51.2M |
| FCF MarginFCF / Revenue | — | 129.3% |
| Capex IntensityCapex / Revenue | 51.4% | 2.0% |
| Cash ConversionOCF / Net Profit | — | 3.66× |
| TTM Free Cash FlowTrailing 4 quarters | — | $23.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.6M | $52.0M | ||
| Q3 25 | $5.7M | $-20.9M | ||
| Q2 25 | $11.6M | $-8.3M | ||
| Q1 25 | $-2.2M | $1.9M | ||
| Q4 24 | $54.3M | $-7.3M | ||
| Q3 24 | $13.8M | $5.0M | ||
| Q2 24 | $17.0M | $19.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $51.2M | ||
| Q3 25 | — | $-20.9M | ||
| Q2 25 | — | $-8.6M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | — | $-7.9M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $18.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 129.3% | ||
| Q3 25 | — | -48.3% | ||
| Q2 25 | — | -19.9% | ||
| Q1 25 | — | 3.5% | ||
| Q4 24 | — | -17.8% | ||
| Q3 24 | — | 8.7% | ||
| Q2 24 | — | 34.5% |
| Q1 26 | 51.4% | — | ||
| Q4 25 | — | 2.0% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.7% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 1.3% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 1.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.66× | ||
| Q3 25 | — | -1.63× | ||
| Q2 25 | — | -3.39× | ||
| Q1 25 | — | 0.09× | ||
| Q4 24 | — | -1.12× | ||
| Q3 24 | — | 1.77× | ||
| Q2 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ONL
| Rental | $36.1M | 100% |
| Fee income from unconsolidated joint venture | $137.0K | 0% |
SBC
| Franchising | $10.3M | 26% |
| Medical Corporation Shobikai | $8.1M | 21% |
| Medical Corporation Nasukai | $7.2M | 18% |
| Management Services | $6.3M | 16% |
| Rental Services | $4.3M | 11% |
| Medical Corporation Association Furinkai | $3.0M | 8% |
| Japan Medical And Beauty Inc | $656.5K | 2% |
