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Side-by-side financial comparison of SYNTEC OPTICS HOLDINGS, INC. (OPTX) and Xos, Inc. (XOS). Click either name above to swap in a different company.

SYNTEC OPTICS HOLDINGS, INC. is the larger business by last-quarter revenue ($7.5M vs $5.2M, roughly 1.4× Xos, Inc.). SYNTEC OPTICS HOLDINGS, INC. runs the higher net margin — -4.6% vs -186.8%, a 182.2% gap on every dollar of revenue. On growth, SYNTEC OPTICS HOLDINGS, INC. posted the faster year-over-year revenue change (2.5% vs -54.5%). Over the past eight quarters, SYNTEC OPTICS HOLDINGS, INC.'s revenue compounded faster (9.5% CAGR vs -35.7%).

OPTX vs XOS — Head-to-Head

Bigger by revenue
OPTX
OPTX
1.4× larger
OPTX
$7.5M
$5.2M
XOS
Growing faster (revenue YoY)
OPTX
OPTX
+57.0% gap
OPTX
2.5%
-54.5%
XOS
Higher net margin
OPTX
OPTX
182.2% more per $
OPTX
-4.6%
-186.8%
XOS
Faster 2-yr revenue CAGR
OPTX
OPTX
Annualised
OPTX
9.5%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPTX
OPTX
XOS
XOS
Revenue
$7.5M
$5.2M
Net Profit
$-343.8K
$-9.8M
Gross Margin
23.6%
-50.5%
Operating Margin
4.2%
-186.6%
Net Margin
-4.6%
-186.8%
Revenue YoY
2.5%
-54.5%
Net Profit YoY
77.7%
48.6%
EPS (diluted)
$-0.01
$-0.76

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
OPTX
OPTX
XOS
XOS
Q4 25
$7.5M
$5.2M
Q3 25
$7.0M
$16.5M
Q2 25
$6.6M
$18.4M
Q1 25
$7.1M
$5.9M
Q4 24
$7.3M
$11.5M
Q3 24
$7.9M
$15.8M
Q2 24
$7.0M
$15.5M
Q1 24
$6.3M
$12.6M
Net Profit
OPTX
OPTX
XOS
XOS
Q4 25
$-343.8K
$-9.8M
Q3 25
$-1.4M
$2.1M
Q2 25
$-343.9K
$-7.5M
Q1 25
$323.7K
$-10.2M
Q4 24
$-1.5M
$-19.0M
Q3 24
$-13.3K
$-10.5M
Q2 24
$281.8K
$-9.7M
Q1 24
$-1.2M
$-11.0M
Gross Margin
OPTX
OPTX
XOS
XOS
Q4 25
23.6%
-50.5%
Q3 25
12.3%
15.3%
Q2 25
24.4%
8.8%
Q1 25
32.7%
20.6%
Q4 24
13.5%
-32.4%
Q3 24
23.3%
18.1%
Q2 24
31.0%
13.1%
Q1 24
11.3%
22.1%
Operating Margin
OPTX
OPTX
XOS
XOS
Q4 25
4.2%
-186.6%
Q3 25
-17.5%
-42.4%
Q2 25
-2.2%
-38.5%
Q1 25
7.5%
-157.7%
Q4 24
-19.6%
-127.0%
Q3 24
1.4%
-61.4%
Q2 24
2.3%
-73.2%
Q1 24
-22.5%
-81.1%
Net Margin
OPTX
OPTX
XOS
XOS
Q4 25
-4.6%
-186.8%
Q3 25
-20.6%
12.9%
Q2 25
-5.2%
-40.8%
Q1 25
4.6%
-173.3%
Q4 24
-21.0%
-165.4%
Q3 24
-0.2%
-66.6%
Q2 24
4.0%
-62.2%
Q1 24
-19.3%
-87.1%
EPS (diluted)
OPTX
OPTX
XOS
XOS
Q4 25
$-0.01
$-0.76
Q3 25
$-0.04
$0.22
Q2 25
$-0.01
$-0.91
Q1 25
$0.01
$-1.26
Q4 24
$-0.05
$-2.34
Q3 24
$0.00
$-1.32
Q2 24
$0.01
$-1.23
Q1 24
$-0.03
$-1.80

Balance Sheet & Financial Strength

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

Metric
OPTX
OPTX
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$14.0M
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$9.5M
$23.3M
Total Assets
$24.3M
$60.4M
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPTX
OPTX
XOS
XOS
Q4 25
$14.0M
Q3 25
$14.1M
Q2 25
$8.8M
Q1 25
$4.8M
Q4 24
$11.0M
Q3 24
$8.4M
Q2 24
$19.7M
Q1 24
$46.2M
Total Debt
OPTX
OPTX
XOS
XOS
Q4 25
$2.6M
Q3 25
$2.7M
Q2 25
$2.9M
Q1 25
$3.0M
Q4 24
$3.1M
Q3 24
$3.2M
Q2 24
$2.8M
Q1 24
$3.0M
Stockholders' Equity
OPTX
OPTX
XOS
XOS
Q4 25
$9.5M
$23.3M
Q3 25
$9.8M
$31.1M
Q2 25
$11.0M
$18.3M
Q1 25
$11.4M
$24.8M
Q4 24
$11.0M
$33.6M
Q3 24
$12.1M
$50.8M
Q2 24
$12.1M
$59.2M
Q1 24
$11.9M
$67.8M
Total Assets
OPTX
OPTX
XOS
XOS
Q4 25
$24.3M
$60.4M
Q3 25
$24.6M
$73.8M
Q2 25
$25.3M
$80.3M
Q1 25
$26.3M
$87.7M
Q4 24
$26.0M
$98.3M
Q3 24
$27.3M
$120.5M
Q2 24
$25.8M
$123.4M
Q1 24
$24.6M
$135.0M
Debt / Equity
OPTX
OPTX
XOS
XOS
Q4 25
0.28×
Q3 25
0.28×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.28×
Q3 24
0.26×
Q2 24
0.23×
Q1 24
0.25×

Cash Flow & Capital Efficiency

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

Metric
OPTX
OPTX
XOS
XOS
Operating Cash FlowLast quarter
$-3.9K
$2.4M
Free Cash FlowOCF − Capex
$-4.4K
FCF MarginFCF / Revenue
-0.1%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$28.3K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPTX
OPTX
XOS
XOS
Q4 25
$-3.9K
$2.4M
Q3 25
$535.3K
$3.1M
Q2 25
$-158.0K
$4.6M
Q1 25
$299.3K
$-4.8M
Q4 24
$623.8K
$3.3M
Q3 24
$417.3K
$-11.5M
Q2 24
$-1.7M
$-26.0M
Q1 24
$-289.8K
$-14.6M
Free Cash Flow
OPTX
OPTX
XOS
XOS
Q4 25
$-4.4K
Q3 25
$496.3K
Q2 25
$-548.1K
Q1 25
$84.6K
Q4 24
$12.1K
Q3 24
$43.8K
$-11.7M
Q2 24
$-1.9M
$-26.1M
Q1 24
$-385.1K
$-14.6M
FCF Margin
OPTX
OPTX
XOS
XOS
Q4 25
-0.1%
Q3 25
7.1%
Q2 25
-8.4%
Q1 25
1.2%
Q4 24
0.2%
Q3 24
0.6%
-73.9%
Q2 24
-26.5%
-168.1%
Q1 24
-6.2%
-115.7%
Capex Intensity
OPTX
OPTX
XOS
XOS
Q4 25
0.0%
0.0%
Q3 25
0.6%
0.0%
Q2 25
5.9%
0.0%
Q1 25
3.0%
0.0%
Q4 24
8.4%
0.0%
Q3 24
4.7%
0.9%
Q2 24
2.3%
0.8%
Q1 24
1.5%
0.2%
Cash Conversion
OPTX
OPTX
XOS
XOS
Q4 25
Q3 25
1.45×
Q2 25
Q1 25
0.92×
Q4 24
Q3 24
Q2 24
-6.01×
Q1 24

Financial Flow Comparison

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

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