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Side-by-side financial comparison of Ocean Power Technologies, Inc. (OPTT) and Power REIT (PW). Click either name above to swap in a different company.

Power REIT is the larger business by last-quarter revenue ($506.1K vs $424.0K, roughly 1.2× Ocean Power Technologies, Inc.). Power REIT runs the higher net margin — -262.1% vs -2553.1%, a 2291.0% gap on every dollar of revenue. On growth, Power REIT posted the faster year-over-year revenue change (-11.2% vs -82.5%). Over the past eight quarters, Power REIT's revenue compounded faster (-2.7% CAGR vs -51.4%).

Ocean Power Technologies (OPT) is a U.S. publicly owned renewable energy company, providing electric power and communications solutions, services and related for remote offshore applications. The company's PowerBuoy wave energy conversion technology is theoretically scalable to hundreds of megawatts and the generated energy from wave power can be supplied to the grid via submarine cables. Several projects were undertaken around the world, but the economic viability of the theoretical concept ...

H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. It is the eighth largest REIT in Canada by market capitalization, following its 2021 strategic review, which included the sale of its Bow office tower and spin-off of Primaris REIT. H&R's portfolio spans 25.6 million sq.ft., 70% by value located in the United States and 49% focused on multi-residential properties, with the remainder inc...

OPTT vs PW — Head-to-Head

Bigger by revenue
PW
PW
1.2× larger
PW
$506.1K
$424.0K
OPTT
Growing faster (revenue YoY)
PW
PW
+71.3% gap
PW
-11.2%
-82.5%
OPTT
Higher net margin
PW
PW
2291.0% more per $
PW
-262.1%
-2553.1%
OPTT
Faster 2-yr revenue CAGR
PW
PW
Annualised
PW
-2.7%
-51.4%
OPTT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
OPTT
OPTT
PW
PW
Revenue
$424.0K
$506.1K
Net Profit
$-10.8M
$-1.3M
Gross Margin
-325.5%
Operating Margin
-2387.5%
Net Margin
-2553.1%
-262.1%
Revenue YoY
-82.5%
-11.2%
Net Profit YoY
-176.6%
58.1%
EPS (diluted)
$-0.06
$-0.43

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
OPTT
OPTT
PW
PW
Q4 25
$424.0K
$506.1K
Q3 25
$1.2M
$513.1K
Q2 25
$1.3M
$506.8K
Q1 25
$825.0K
$485.8K
Q4 24
$2.4M
$569.8K
Q3 24
$1.3M
$1.4M
Q2 24
$1.6M
$519.3K
Q1 24
$1.8M
$534.6K
Net Profit
OPTT
OPTT
PW
PW
Q4 25
$-10.8M
$-1.3M
Q3 25
$-7.4M
$223.6K
Q2 25
$-6.4M
$320.9K
Q1 25
$-6.7M
$-1.4M
Q4 24
$-3.9M
$-3.2M
Q3 24
$-4.5M
$-325.0K
Q2 24
$-6.7M
$-19.1M
Q1 24
$-6.5M
$-2.1M
Gross Margin
OPTT
OPTT
PW
PW
Q4 25
-325.5%
Q3 25
-1.9%
Q2 25
16.8%
Q1 25
23.9%
Q4 24
32.9%
Q3 24
34.4%
Q2 24
54.8%
Q1 24
45.4%
Operating Margin
OPTT
OPTT
PW
PW
Q4 25
-2387.5%
Q3 25
-598.8%
Q2 25
-563.6%
Q1 25
-712.1%
Q4 24
-161.9%
Q3 24
-343.8%
Q2 24
-430.3%
Q1 24
-430.0%
Net Margin
OPTT
OPTT
PW
PW
Q4 25
-2553.1%
-262.1%
Q3 25
-625.0%
43.6%
Q2 25
-487.9%
63.3%
Q1 25
-814.5%
-290.9%
Q4 24
-161.8%
-555.2%
Q3 24
-342.3%
-22.8%
Q2 24
-427.6%
-3686.4%
Q1 24
-363.2%
-388.5%
EPS (diluted)
OPTT
OPTT
PW
PW
Q4 25
$-0.06
$-0.43
Q3 25
$-0.04
$0.02
Q2 25
$-0.04
$0.05
Q1 25
$-0.04
$-0.47
Q4 24
$-0.04
$-0.98
Q3 24
$-0.05
$-0.14
Q2 24
$-0.12
$-5.70
Q1 24
$-0.11
$-0.66

Balance Sheet & Financial Strength

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

Metric
OPTT
OPTT
PW
PW
Cash + ST InvestmentsLiquidity on hand
$11.7M
$2.2M
Total DebtLower is stronger
$20.4M
Stockholders' EquityBook value
$22.3M
$5.1M
Total Assets
$39.3M
$26.9M
Debt / EquityLower = less leverage
3.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPTT
OPTT
PW
PW
Q4 25
$11.7M
$2.2M
Q3 25
$9.9M
$2.0M
Q2 25
$6.7M
$1.5M
Q1 25
$10.0M
$2.0M
Q4 24
$2.1M
$2.2M
Q3 24
$3.2M
$2.2M
Q2 24
$3.2M
$2.5M
Q1 24
$9.1M
$3.0M
Total Debt
OPTT
OPTT
PW
PW
Q4 25
$20.4M
Q3 25
$20.5M
Q2 25
$20.9M
Q1 25
$38.8M
Q4 24
$37.9M
Q3 24
$37.5M
Q2 24
$37.4M
Q1 24
$36.2M
Stockholders' Equity
OPTT
OPTT
PW
PW
Q4 25
$22.3M
$5.1M
Q3 25
$24.2M
$6.2M
Q2 25
$26.7M
$5.9M
Q1 25
$28.9M
$5.5M
Q4 24
$22.1M
$6.8M
Q3 24
$22.3M
$9.8M
Q2 24
$19.3M
$10.0M
Q1 24
$25.3M
$28.9M
Total Assets
OPTT
OPTT
PW
PW
Q4 25
$39.3M
$26.9M
Q3 25
$36.6M
$28.0M
Q2 25
$30.8M
$27.9M
Q1 25
$34.4M
$45.6M
Q4 24
$26.9M
$46.1M
Q3 24
$29.2M
$48.4M
Q2 24
$28.7M
$49.8M
Q1 24
$34.6M
$68.9M
Debt / Equity
OPTT
OPTT
PW
PW
Q4 25
3.97×
Q3 25
3.30×
Q2 25
3.51×
Q1 25
7.07×
Q4 24
5.61×
Q3 24
3.84×
Q2 24
3.76×
Q1 24
1.25×

Cash Flow & Capital Efficiency

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

Metric
OPTT
OPTT
PW
PW
Operating Cash FlowLast quarter
$-7.5M
$-68.3K
Free Cash FlowOCF − Capex
$-7.8M
FCF MarginFCF / Revenue
-1838.9%
Capex IntensityCapex / Revenue
62.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPTT
OPTT
PW
PW
Q4 25
$-7.5M
$-68.3K
Q3 25
$-5.6M
$476.4K
Q2 25
$-4.0M
$-240.5K
Q1 25
$-3.7M
$-436.6K
Q4 24
$-4.8M
$-1.4M
Q3 24
$-6.1M
$-161.8K
Q2 24
$-5.1M
$-541.5K
Q1 24
$-9.2M
$-402.2K
Free Cash Flow
OPTT
OPTT
PW
PW
Q4 25
$-7.8M
Q3 25
$-7.1M
Q2 25
$-4.2M
Q1 25
$-4.0M
Q4 24
$-5.0M
Q3 24
$-6.5M
Q2 24
$-6.4M
Q1 24
$-9.7M
FCF Margin
OPTT
OPTT
PW
PW
Q4 25
-1838.9%
Q3 25
-597.1%
Q2 25
-315.9%
Q1 25
-480.0%
Q4 24
-207.3%
Q3 24
-499.5%
Q2 24
-408.0%
Q1 24
-543.6%
Capex Intensity
OPTT
OPTT
PW
PW
Q4 25
62.7%
Q3 25
122.9%
Q2 25
11.8%
Q1 25
26.9%
Q4 24
10.2%
Q3 24
28.7%
Q2 24
86.6%
Q1 24
29.4%
Cash Conversion
OPTT
OPTT
PW
PW
Q4 25
Q3 25
2.13×
Q2 25
-0.75×
Q1 25
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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