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Side-by-side financial comparison of Optex Systems Holdings Inc (OPXS) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

SuperCom Ltd is the larger business by last-quarter revenue ($14.2M vs $9.1M, roughly 1.6× Optex Systems Holdings Inc). SuperCom Ltd runs the higher net margin — 37.5% vs 2.6%, a 34.9% gap on every dollar of revenue. On growth, Optex Systems Holdings Inc posted the faster year-over-year revenue change (11.6% vs -1.5%). Optex Systems Holdings Inc produced more free cash flow last quarter ($-548.0K vs $-3.6M).

Optex Systems Holdings Inc. designs, manufactures and supplies high-performance optical, optoelectronic components and integrated subsystems. Its core products include military sighting systems, laser protection solutions and precision optical assemblies, serving defense, aerospace and industrial manufacturing markets globally.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

OPXS vs SPCB — Head-to-Head

Bigger by revenue
SPCB
SPCB
1.6× larger
SPCB
$14.2M
$9.1M
OPXS
Growing faster (revenue YoY)
OPXS
OPXS
+13.0% gap
OPXS
11.6%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
34.9% more per $
SPCB
37.5%
2.6%
OPXS
More free cash flow
OPXS
OPXS
$3.0M more FCF
OPXS
$-548.0K
$-3.6M
SPCB

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
OPXS
OPXS
SPCB
SPCB
Revenue
$9.1M
$14.2M
Net Profit
$242.0K
$5.3M
Gross Margin
22.9%
61.2%
Operating Margin
1.6%
16.3%
Net Margin
2.6%
37.5%
Revenue YoY
11.6%
-1.5%
Net Profit YoY
-71.3%
79.5%
EPS (diluted)
$0.03
$1.32

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
OPXS
OPXS
SPCB
SPCB
Q4 25
$9.1M
Q3 25
$11.3M
Q2 25
$11.1M
$14.2M
Q1 25
$10.7M
Q4 24
$8.2M
Q3 24
$9.4M
Q2 24
$9.1M
$14.4M
Q1 24
$8.5M
Net Profit
OPXS
OPXS
SPCB
SPCB
Q4 25
$242.0K
Q3 25
$1.0M
Q2 25
$1.5M
$5.3M
Q1 25
$1.8M
Q4 24
$844.0K
Q3 24
$1.0M
Q2 24
$1.3M
$3.0M
Q1 24
$1.1M
Gross Margin
OPXS
OPXS
SPCB
SPCB
Q4 25
22.9%
Q3 25
30.1%
Q2 25
28.5%
61.2%
Q1 25
31.3%
Q4 24
26.0%
Q3 24
25.5%
Q2 24
31.8%
52.3%
Q1 24
30.0%
Operating Margin
OPXS
OPXS
SPCB
SPCB
Q4 25
1.6%
Q3 25
18.3%
Q2 25
17.2%
16.3%
Q1 25
20.8%
Q4 24
11.2%
Q3 24
13.7%
Q2 24
17.8%
7.7%
Q1 24
15.9%
Net Margin
OPXS
OPXS
SPCB
SPCB
Q4 25
2.6%
Q3 25
9.1%
Q2 25
13.6%
37.5%
Q1 25
16.5%
Q4 24
10.3%
Q3 24
10.7%
Q2 24
13.9%
20.6%
Q1 24
12.5%
EPS (diluted)
OPXS
OPXS
SPCB
SPCB
Q4 25
$0.03
Q3 25
$0.14
Q2 25
$0.22
$1.32
Q1 25
$0.26
Q4 24
$0.12
Q3 24
$0.15
Q2 24
$0.18
$1.19
Q1 24
$0.16

Balance Sheet & Financial Strength

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

Metric
OPXS
OPXS
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$5.8M
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$24.7M
$37.3M
Total Assets
$30.2M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPXS
OPXS
SPCB
SPCB
Q4 25
$5.8M
Q3 25
$6.4M
Q2 25
$4.9M
$15.0M
Q1 25
$3.5M
Q4 24
$2.5M
Q3 24
$1.0M
Q2 24
$486.0K
$5.7M
Q1 24
$321.0K
Total Debt
OPXS
OPXS
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$29.2M
Q1 24
Stockholders' Equity
OPXS
OPXS
SPCB
SPCB
Q4 25
$24.7M
Q3 25
$24.3M
Q2 25
$23.1M
$37.3M
Q1 25
$21.6M
Q4 24
$19.7M
Q3 24
$18.8M
Q2 24
$17.7M
$13.8M
Q1 24
$16.5M
Total Assets
OPXS
OPXS
SPCB
SPCB
Q4 25
$30.2M
Q3 25
$30.1M
Q2 25
$29.2M
$65.5M
Q1 25
$27.5M
Q4 24
$24.8M
Q3 24
$25.5M
Q2 24
$24.9M
$49.6M
Q1 24
$23.8M
Debt / Equity
OPXS
OPXS
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
2.11×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
OPXS
OPXS
SPCB
SPCB
Operating Cash FlowLast quarter
$-92.0K
$-2.2M
Free Cash FlowOCF − Capex
$-548.0K
$-3.6M
FCF MarginFCF / Revenue
-6.0%
-25.3%
Capex IntensityCapex / Revenue
5.0%
10.0%
Cash ConversionOCF / Net Profit
-0.38×
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPXS
OPXS
SPCB
SPCB
Q4 25
$-92.0K
Q3 25
$1.6M
Q2 25
$1.4M
$-2.2M
Q1 25
$1.2M
Q4 24
$2.8M
Q3 24
$753.0K
Q2 24
$50.0K
$-950.0K
Q1 24
$-1.3M
Free Cash Flow
OPXS
OPXS
SPCB
SPCB
Q4 25
$-548.0K
Q3 25
$1.5M
Q2 25
$-3.6M
Q1 25
$1.1M
Q4 24
$2.5M
Q3 24
$545.0K
Q2 24
$-256.0K
$-1.6M
Q1 24
$-1.4M
FCF Margin
OPXS
OPXS
SPCB
SPCB
Q4 25
-6.0%
Q3 25
13.5%
Q2 25
-25.3%
Q1 25
9.8%
Q4 24
30.3%
Q3 24
5.8%
Q2 24
-2.8%
-10.8%
Q1 24
-16.3%
Capex Intensity
OPXS
OPXS
SPCB
SPCB
Q4 25
5.0%
Q3 25
0.4%
Q2 25
0.0%
10.0%
Q1 25
1.2%
Q4 24
3.9%
Q3 24
2.2%
Q2 24
3.4%
4.2%
Q1 24
1.3%
Cash Conversion
OPXS
OPXS
SPCB
SPCB
Q4 25
-0.38×
Q3 25
1.52×
Q2 25
0.92×
-0.41×
Q1 25
0.67×
Q4 24
3.32×
Q3 24
0.74×
Q2 24
0.04×
-0.32×
Q1 24
-1.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OPXS
OPXS

Optex Systems OPX Richardson Texas$5.3M58%
Applied Optics Center AOC Dallas$4.0M44%

SPCB
SPCB

Segment breakdown not available.

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