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Side-by-side financial comparison of Orion Properties Inc. (ONL) and X4 Pharmaceuticals, Inc (XFOR). Click either name above to swap in a different company.

Orion Properties Inc. is the larger business by last-quarter revenue ($35.2M vs $28.8M, roughly 1.2× X4 Pharmaceuticals, Inc). X4 Pharmaceuticals, Inc runs the higher net margin — 1.0% vs -101.7%, a 102.7% gap on every dollar of revenue.

X4 Pharmaceuticals, Inc. is a clinical-stage biotechnology company focused on developing novel targeted therapies for rare immunological diseases and oncology indications with high unmet medical needs. It operates primarily across the U.S. and European markets, with a lead pipeline candidate for WHIM syndrome and multiple other preclinical and clinical assets for immune disorders and cancer.

ONL vs XFOR — Head-to-Head

Bigger by revenue
ONL
ONL
1.2× larger
ONL
$35.2M
$28.8M
XFOR
Higher net margin
XFOR
XFOR
102.7% more per $
XFOR
1.0%
-101.7%
ONL

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
ONL
ONL
XFOR
XFOR
Revenue
$35.2M
$28.8M
Net Profit
$-35.8M
$282.0K
Gross Margin
83.6%
Operating Margin
-101.5%
-32.8%
Net Margin
-101.7%
1.0%
Revenue YoY
-8.2%
Net Profit YoY
-9.3%
100.5%
EPS (diluted)
$-0.63
$0.04

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
XFOR
XFOR
Q4 25
$35.2M
Q3 25
$37.1M
Q2 25
$37.3M
Q1 25
$38.0M
$28.8M
Q4 24
$38.4M
Q3 24
$39.2M
Q2 24
$40.1M
Q1 24
$47.2M
$0
Net Profit
ONL
ONL
XFOR
XFOR
Q4 25
$-35.8M
Q3 25
$-69.0M
Q2 25
$-25.1M
Q1 25
$-9.4M
$282.0K
Q4 24
$-32.8M
Q3 24
$-10.2M
Q2 24
$-33.8M
Q1 24
$-26.2M
$-51.8M
Gross Margin
ONL
ONL
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
83.6%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ONL
ONL
XFOR
XFOR
Q4 25
-101.5%
Q3 25
-185.8%
Q2 25
-67.1%
Q1 25
-24.4%
-32.8%
Q4 24
-85.4%
Q3 24
-25.9%
Q2 24
-84.1%
Q1 24
-55.4%
Net Margin
ONL
ONL
XFOR
XFOR
Q4 25
-101.7%
Q3 25
-186.0%
Q2 25
-67.3%
Q1 25
-24.6%
1.0%
Q4 24
-85.4%
Q3 24
-26.1%
Q2 24
-84.2%
Q1 24
-55.6%
EPS (diluted)
ONL
ONL
XFOR
XFOR
Q4 25
$-0.63
Q3 25
$-1.23
Q2 25
$-0.45
Q1 25
$-0.17
$0.04
Q4 24
$-0.59
Q3 24
$-0.18
Q2 24
$-0.60
Q1 24
$-0.47
$-7.77

Balance Sheet & Financial Strength

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

Metric
ONL
ONL
XFOR
XFOR
Cash + ST InvestmentsLiquidity on hand
$22.4M
$40.3M
Total DebtLower is stronger
$465.0M
$75.0M
Stockholders' EquityBook value
$623.2M
$22.9M
Total Assets
$1.2B
$130.0M
Debt / EquityLower = less leverage
0.75×
3.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONL
ONL
XFOR
XFOR
Q4 25
$22.4M
Q3 25
$32.6M
Q2 25
$17.4M
Q1 25
$9.4M
$40.3M
Q4 24
$15.6M
Q3 24
$16.6M
Q2 24
$24.2M
Q1 24
$23.6M
$60.5M
Total Debt
ONL
ONL
XFOR
XFOR
Q4 25
$465.0M
Q3 25
$483.0M
Q2 25
$483.0M
Q1 25
$505.0M
$75.0M
Q4 24
$492.0M
Q3 24
$485.0M
Q2 24
$462.0M
Q1 24
$471.0M
$55.0M
Stockholders' Equity
ONL
ONL
XFOR
XFOR
Q4 25
$623.2M
Q3 25
$658.8M
Q2 25
$728.0M
Q1 25
$753.5M
$22.9M
Q4 24
$763.9M
Q3 24
$800.9M
Q2 24
$816.1M
Q1 24
$854.6M
$1.0M
Total Assets
ONL
ONL
XFOR
XFOR
Q4 25
$1.2B
Q3 25
$1.2B
Q2 25
$1.3B
Q1 25
$1.3B
$130.0M
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.3B
Q1 24
$1.4B
$112.2M
Debt / Equity
ONL
ONL
XFOR
XFOR
Q4 25
0.75×
Q3 25
0.73×
Q2 25
0.66×
Q1 25
0.67×
3.27×
Q4 24
0.64×
Q3 24
0.61×
Q2 24
0.57×
Q1 24
0.55×
53.09×

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
XFOR
XFOR
Operating Cash FlowLast quarter
$23.6M
$-12.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-43.86×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ONL
ONL
XFOR
XFOR
Q4 25
$23.6M
Q3 25
$5.7M
Q2 25
$11.6M
Q1 25
$-2.2M
$-12.4M
Q4 24
$54.3M
Q3 24
$13.8M
Q2 24
$17.0M
Q1 24
$11.0M
$-33.6M
Free Cash Flow
ONL
ONL
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-33.7M
Capex Intensity
ONL
ONL
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
0.0%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
ONL
ONL
XFOR
XFOR
Q4 25
Q3 25
Q2 25
Q1 25
-43.86×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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