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Side-by-side financial comparison of Orion Properties Inc. (ONL) and VIRCO MFG CORPORATION (VIRC). Click either name above to swap in a different company.

VIRCO MFG CORPORATION is the larger business by last-quarter revenue ($47.6M vs $35.2M, roughly 1.4× Orion Properties Inc.). VIRCO MFG CORPORATION runs the higher net margin — -2.8% vs -101.7%, a 98.9% gap on every dollar of revenue. On growth, Orion Properties Inc. posted the faster year-over-year revenue change (-8.2% vs -42.3%). Over the past eight quarters, VIRCO MFG CORPORATION's revenue compounded faster (5.7% CAGR vs -13.6%).

The Virco Manufacturing Corporation, more commonly known as Virco, is an American furniture manufacturer based in Torrance, California which focuses on providing products for educational markets. The principal products of the company include student desks and activity tables, school and office seating, computer stations, lightweight folding tables, and upholstered chairs.

ONL vs VIRC — Head-to-Head

Bigger by revenue
VIRC
VIRC
1.4× larger
VIRC
$47.6M
$35.2M
ONL
Growing faster (revenue YoY)
ONL
ONL
+34.1% gap
ONL
-8.2%
-42.3%
VIRC
Higher net margin
VIRC
VIRC
98.9% more per $
VIRC
-2.8%
-101.7%
ONL
Faster 2-yr revenue CAGR
VIRC
VIRC
Annualised
VIRC
5.7%
-13.6%
ONL

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
ONL
ONL
VIRC
VIRC
Revenue
$35.2M
$47.6M
Net Profit
$-35.8M
$-1.3M
Gross Margin
38.0%
Operating Margin
-101.5%
-3.6%
Net Margin
-101.7%
-2.8%
Revenue YoY
-8.2%
-42.3%
Net Profit YoY
-9.3%
-115.8%
EPS (diluted)
$-0.63
$-0.08

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
ONL
ONL
VIRC
VIRC
Q4 25
$35.2M
$47.6M
Q3 25
$37.1M
$92.1M
Q2 25
$37.3M
$33.8M
Q1 25
$38.0M
$28.5M
Q4 24
$38.4M
$82.6M
Q3 24
$39.2M
$108.4M
Q2 24
$40.1M
$46.7M
Q1 24
$47.2M
$42.6M
Net Profit
ONL
ONL
VIRC
VIRC
Q4 25
$-35.8M
$-1.3M
Q3 25
$-69.0M
$10.2M
Q2 25
$-25.1M
$732.0K
Q1 25
$-9.4M
$-5.7M
Q4 24
$-32.8M
$8.4M
Q3 24
$-10.2M
$16.8M
Q2 24
$-33.8M
$2.1M
Q1 24
$-26.2M
$-2.3M
Gross Margin
ONL
ONL
VIRC
VIRC
Q4 25
38.0%
Q3 25
44.4%
Q2 25
47.5%
Q1 25
26.2%
Q4 24
44.4%
Q3 24
46.3%
Q2 24
43.5%
Q1 24
37.7%
Operating Margin
ONL
ONL
VIRC
VIRC
Q4 25
-101.5%
-3.6%
Q3 25
-185.8%
16.7%
Q2 25
-67.1%
-0.3%
Q1 25
-24.4%
-28.5%
Q4 24
-85.4%
13.5%
Q3 24
-25.9%
20.2%
Q2 24
-84.1%
6.4%
Q1 24
-55.4%
-6.5%
Net Margin
ONL
ONL
VIRC
VIRC
Q4 25
-101.7%
-2.8%
Q3 25
-186.0%
11.1%
Q2 25
-67.3%
2.2%
Q1 25
-24.6%
-20.1%
Q4 24
-85.4%
10.2%
Q3 24
-26.1%
15.5%
Q2 24
-84.2%
4.6%
Q1 24
-55.6%
-5.5%
EPS (diluted)
ONL
ONL
VIRC
VIRC
Q4 25
$-0.63
$-0.08
Q3 25
$-1.23
$0.65
Q2 25
$-0.45
$0.05
Q1 25
$-0.17
$-0.37
Q4 24
$-0.59
$0.52
Q3 24
$-0.18
$1.04
Q2 24
$-0.60
$0.13
Q1 24
$-0.47
$-0.14

Balance Sheet & Financial Strength

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

Metric
ONL
ONL
VIRC
VIRC
Cash + ST InvestmentsLiquidity on hand
$22.4M
Total DebtLower is stronger
$465.0M
$3.9M
Stockholders' EquityBook value
$623.2M
$113.6M
Total Assets
$1.2B
$181.5M
Debt / EquityLower = less leverage
0.75×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONL
ONL
VIRC
VIRC
Q4 25
$22.4M
Q3 25
$32.6M
Q2 25
$17.4M
Q1 25
$9.4M
Q4 24
$15.6M
Q3 24
$16.6M
Q2 24
$24.2M
Q1 24
$23.6M
$5.3M
Total Debt
ONL
ONL
VIRC
VIRC
Q4 25
$465.0M
$3.9M
Q3 25
$483.0M
$4.0M
Q2 25
$483.0M
$4.1M
Q1 25
$505.0M
$4.1M
Q4 24
$492.0M
$4.2M
Q3 24
$485.0M
$4.3M
Q2 24
$462.0M
$7.0M
Q1 24
$471.0M
$4.4M
Stockholders' Equity
ONL
ONL
VIRC
VIRC
Q4 25
$623.2M
$113.6M
Q3 25
$658.8M
$115.4M
Q2 25
$728.0M
$105.6M
Q1 25
$753.5M
$109.3M
Q4 24
$763.9M
$115.9M
Q3 24
$800.9M
$107.8M
Q2 24
$816.1M
$91.6M
Q1 24
$854.6M
$91.2M
Total Assets
ONL
ONL
VIRC
VIRC
Q4 25
$1.2B
$181.5M
Q3 25
$1.2B
$198.6M
Q2 25
$1.3B
$183.8M
Q1 25
$1.3B
$191.9M
Q4 24
$1.3B
$210.1M
Q3 24
$1.4B
$216.3M
Q2 24
$1.3B
$152.5M
Q1 24
$1.4B
$146.4M
Debt / Equity
ONL
ONL
VIRC
VIRC
Q4 25
0.75×
0.03×
Q3 25
0.73×
0.03×
Q2 25
0.66×
0.04×
Q1 25
0.67×
0.04×
Q4 24
0.64×
0.04×
Q3 24
0.61×
0.04×
Q2 24
0.57×
0.08×
Q1 24
0.55×
0.05×

Cash Flow & Capital Efficiency

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

Metric
ONL
ONL
VIRC
VIRC
Operating Cash FlowLast quarter
$23.6M
$25.8M
Free Cash FlowOCF − Capex
$24.5M
FCF MarginFCF / Revenue
51.5%
Capex IntensityCapex / Revenue
2.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONL
ONL
VIRC
VIRC
Q4 25
$23.6M
$25.8M
Q3 25
$5.7M
$3.2M
Q2 25
$11.6M
$-19.0M
Q1 25
$-2.2M
$-8.3M
Q4 24
$54.3M
$33.5M
Q3 24
$13.8M
$12.5M
Q2 24
$17.0M
$-4.5M
Q1 24
$11.0M
$4.7M
Free Cash Flow
ONL
ONL
VIRC
VIRC
Q4 25
$24.5M
Q3 25
$1.8M
Q2 25
$-21.5M
Q1 25
$-9.2M
Q4 24
$31.0M
Q3 24
$10.7M
Q2 24
$-5.6M
Q1 24
$4.0M
FCF Margin
ONL
ONL
VIRC
VIRC
Q4 25
51.5%
Q3 25
2.0%
Q2 25
-63.6%
Q1 25
-32.4%
Q4 24
37.5%
Q3 24
9.8%
Q2 24
-12.0%
Q1 24
9.5%
Capex Intensity
ONL
ONL
VIRC
VIRC
Q4 25
2.7%
Q3 25
1.5%
Q2 25
7.2%
Q1 25
3.3%
Q4 24
3.0%
Q3 24
1.7%
Q2 24
2.3%
Q1 24
1.5%
Cash Conversion
ONL
ONL
VIRC
VIRC
Q4 25
Q3 25
0.31×
Q2 25
-26.00×
Q1 25
Q4 24
3.98×
Q3 24
0.74×
Q2 24
-2.11×
Q1 24

Financial Flow Comparison

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

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