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Side-by-side financial comparison of Orion Properties Inc. (ONL) and TSS, Inc. (TSSI). Click either name above to swap in a different company.
TSS, Inc. is the larger business by last-quarter revenue ($60.9M vs $36.3M, roughly 1.7× Orion Properties Inc.). TSS, Inc. runs the higher net margin — 20.0% vs -37.4%, a 57.4% gap on every dollar of revenue. On growth, TSS, Inc. posted the faster year-over-year revenue change (21.8% vs -4.6%). Over the past eight quarters, TSS, Inc.'s revenue compounded faster (95.8% CAGR vs -4.9%).
ONL vs TSSI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $36.3M | $60.9M |
| Net Profit | $-13.6M | $12.2M |
| Gross Margin | — | 17.6% |
| Operating Margin | -9.3% | 1.5% |
| Net Margin | -37.4% | 20.0% |
| Revenue YoY | -4.6% | 21.8% |
| Net Profit YoY | -45.0% | 535.7% |
| EPS (diluted) | $-0.24 | $0.44 |
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 | $60.9M | ||
| Q3 25 | $37.1M | $41.9M | ||
| Q2 25 | $37.3M | $44.0M | ||
| Q1 25 | $38.0M | $99.0M | ||
| Q4 24 | $38.4M | $50.0M | ||
| Q3 24 | $39.2M | $70.1M | ||
| Q2 24 | $40.1M | $12.2M |
| Q1 26 | $-13.6M | — | ||
| Q4 25 | $-35.8M | $12.2M | ||
| Q3 25 | $-69.0M | $-1.5M | ||
| Q2 25 | $-25.1M | $1.5M | ||
| Q1 25 | $-9.4M | $3.0M | ||
| Q4 24 | $-32.8M | $1.9M | ||
| Q3 24 | $-10.2M | $2.6M | ||
| Q2 24 | $-33.8M | $1.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.6% | ||
| Q3 25 | — | 11.1% | ||
| Q2 25 | — | 17.8% | ||
| Q1 25 | — | 9.3% | ||
| Q4 24 | — | 14.4% | ||
| Q3 24 | — | 11.3% | ||
| Q2 24 | — | 37.3% |
| Q1 26 | -9.3% | — | ||
| Q4 25 | -101.5% | 1.5% | ||
| Q3 25 | -185.8% | -2.2% | ||
| Q2 25 | -67.1% | 5.1% | ||
| Q1 25 | -24.4% | 4.2% | ||
| Q4 24 | -85.4% | 0.0% | ||
| Q3 24 | -25.9% | 5.4% | ||
| Q2 24 | -84.1% | 14.0% |
| Q1 26 | -37.4% | — | ||
| Q4 25 | -101.7% | 20.0% | ||
| Q3 25 | -186.0% | -3.6% | ||
| Q2 25 | -67.3% | 3.4% | ||
| Q1 25 | -24.6% | 3.0% | ||
| Q4 24 | -85.4% | 3.8% | ||
| Q3 24 | -26.1% | 3.8% | ||
| Q2 24 | -84.2% | 11.5% |
| Q1 26 | $-0.24 | — | ||
| Q4 25 | $-0.63 | $0.44 | ||
| Q3 25 | $-1.23 | $-0.06 | ||
| Q2 25 | $-0.45 | $0.06 | ||
| Q1 25 | $-0.17 | $0.12 | ||
| Q4 24 | $-0.59 | $0.08 | ||
| Q3 24 | $-0.18 | $0.10 | ||
| Q2 24 | $-0.60 | $0.06 |
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 | $85.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $608.5M | $76.6M |
| Total Assets | $1.2B | $184.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $10.3M | — | ||
| Q4 25 | $22.4M | $85.5M | ||
| Q3 25 | $32.6M | $70.7M | ||
| Q2 25 | $17.4M | — | ||
| Q1 25 | $9.4M | — | ||
| Q4 24 | $15.6M | $23.2M | ||
| Q3 24 | $16.6M | $46.4M | ||
| Q2 24 | $24.2M | $8.3M |
| Q1 26 | — | — | ||
| 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 26 | $608.5M | — | ||
| Q4 25 | $623.2M | $76.6M | ||
| Q3 25 | $658.8M | $63.4M | ||
| Q2 25 | $728.0M | $9.5M | ||
| Q1 25 | $753.5M | $9.4M | ||
| Q4 24 | $763.9M | $7.1M | ||
| Q3 24 | $800.9M | $7.7M | ||
| Q2 24 | $816.1M | $5.2M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $184.9M | ||
| Q3 25 | $1.2B | $165.4M | ||
| Q2 25 | $1.3B | $139.5M | ||
| Q1 25 | $1.3B | $113.5M | ||
| Q4 24 | $1.3B | $96.6M | ||
| Q3 24 | $1.4B | $67.3M | ||
| Q2 24 | $1.3B | $28.9M |
| Q1 26 | — | — | ||
| 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× | — |
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 | — | $16.3M |
| Free Cash FlowOCF − Capex | — | $15.8M |
| FCF MarginFCF / Revenue | — | 25.9% |
| Capex IntensityCapex / Revenue | 51.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | 1.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $2.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $23.6M | $16.3M | ||
| Q3 25 | $5.7M | $-18.4M | ||
| Q2 25 | $11.6M | $16.3M | ||
| Q1 25 | $-2.2M | $20.6M | ||
| Q4 24 | $54.3M | $-21.6M | ||
| Q3 24 | $13.8M | $38.6M | ||
| Q2 24 | $17.0M | $-4.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.8M | ||
| Q3 25 | — | $-24.9M | ||
| Q2 25 | — | $5.4M | ||
| Q1 25 | — | $5.8M | ||
| Q4 24 | — | $-28.4M | ||
| Q3 24 | — | $38.6M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | -59.3% | ||
| Q2 25 | — | 12.3% | ||
| Q1 25 | — | 5.8% | ||
| Q4 24 | — | -56.7% | ||
| Q3 24 | — | 55.1% | ||
| Q2 24 | — | -49.4% |
| Q1 26 | 51.4% | — | ||
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 15.3% | ||
| Q2 25 | — | 24.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 13.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 13.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.34× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 11.02× | ||
| Q1 25 | — | 6.93× | ||
| Q4 24 | — | -11.32× | ||
| Q3 24 | — | 14.60× | ||
| Q2 24 | — | -3.09× |
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% |
TSSI
| Procurement Revenues Segment | $43.2M | 71% |
| System Integration Services Segment | $14.2M | 23% |
| Facilities Segment | $3.5M | 6% |
