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Side-by-side financial comparison of Orion Group Holdings Inc (ORN) and PicoCELA Inc. (PCLA). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $216.3M, roughly 1.2× Orion Group Holdings Inc). Orion Group Holdings Inc runs the higher net margin — 2.2% vs -125.2%, a 127.4% gap on every dollar of revenue.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

PicoCELA Inc. is a global technology company specializing in low-power, high-reliability wireless connectivity solutions, including Wi-Fi HaLow modules and edge network infrastructure. It caters to industrial IoT, smart city, retail, and smart home segments, with a primary operational footprint across Asia, North America, and European markets.

ORN vs PCLA — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.2× larger
PCLA
$252.6M
$216.3M
ORN
Higher net margin
ORN
ORN
127.4% more per $
ORN
2.2%
-125.2%
PCLA

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
ORN
ORN
PCLA
PCLA
Revenue
$216.3M
$252.6M
Net Profit
$4.7M
$-316.2M
Gross Margin
12.0%
Operating Margin
-114.8%
Net Margin
2.2%
-125.2%
Revenue YoY
14.6%
Net Profit YoY
435.7%
EPS (diluted)
$0.12

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
ORN
ORN
PCLA
PCLA
Q1 26
$216.3M
Q4 25
$233.2M
Q3 25
$225.1M
Q2 25
$205.3M
Q1 25
$188.7M
$252.6M
Q4 24
$216.9M
Q3 24
$226.7M
Q2 24
$192.2M
Net Profit
ORN
ORN
PCLA
PCLA
Q1 26
$4.7M
Q4 25
$-240.0K
Q3 25
$3.3M
Q2 25
$841.0K
Q1 25
$-1.4M
$-316.2M
Q4 24
$6.8M
Q3 24
$4.3M
Q2 24
$-6.6M
Gross Margin
ORN
ORN
PCLA
PCLA
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
2.2%
Q3 25
2.4%
Q2 25
1.7%
Q1 25
0.4%
-114.8%
Q4 24
4.4%
Q3 24
3.4%
Q2 24
-1.4%
Net Margin
ORN
ORN
PCLA
PCLA
Q1 26
2.2%
Q4 25
-0.1%
Q3 25
1.5%
Q2 25
0.4%
Q1 25
-0.7%
-125.2%
Q4 24
3.1%
Q3 24
1.9%
Q2 24
-3.4%
EPS (diluted)
ORN
ORN
PCLA
PCLA
Q1 26
$0.12
Q4 25
$-0.00
Q3 25
$0.08
Q2 25
$0.02
Q1 25
$-0.04
Q4 24
$0.22
Q3 24
$0.12
Q2 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
ORN
ORN
PCLA
PCLA
Cash + ST InvestmentsLiquidity on hand
$6.3M
$456.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.7M
$354.8M
Total Assets
$478.7M
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORN
ORN
PCLA
PCLA
Q1 26
$6.3M
Q4 25
$1.6M
Q3 25
$4.9M
Q2 25
$1.7M
Q1 25
$13.0M
$456.8M
Q4 24
$28.3M
Q3 24
$28.3M
Q2 24
$4.8M
Total Debt
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
ORN
ORN
PCLA
PCLA
Q1 26
$166.7M
Q4 25
$159.0M
Q3 25
$157.9M
Q2 25
$153.2M
Q1 25
$150.8M
$354.8M
Q4 24
$150.7M
Q3 24
$142.4M
Q2 24
$111.1M
Total Assets
ORN
ORN
PCLA
PCLA
Q1 26
$478.7M
Q4 25
$414.7M
Q3 25
$422.4M
Q2 25
$432.7M
Q1 25
$416.3M
$1.2B
Q4 24
$417.3M
Q3 24
$430.3M
Q2 24
$414.0M
Debt / Equity
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

Cash Flow & Capital Efficiency

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

Metric
ORN
ORN
PCLA
PCLA
Operating Cash FlowLast quarter
$-245.6M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
$13.8M
Q3 25
$23.3M
Q2 25
$-5.6M
Q1 25
$-3.4M
$-245.6M
Q4 24
$13.4M
Q3 24
$37.5M
Q2 24
$-15.3M
Free Cash Flow
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
$454.0K
Q3 25
$13.9M
Q2 25
$-12.7M
Q1 25
$-12.5M
$-256.6M
Q4 24
$9.9M
Q3 24
$33.3M
Q2 24
$-20.0M
FCF Margin
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
0.2%
Q3 25
6.2%
Q2 25
-6.2%
Q1 25
-6.6%
-101.6%
Q4 24
4.6%
Q3 24
14.7%
Q2 24
-10.4%
Capex Intensity
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
5.7%
Q3 25
4.2%
Q2 25
3.5%
Q1 25
4.8%
4.3%
Q4 24
1.6%
Q3 24
1.8%
Q2 24
2.4%
Cash Conversion
ORN
ORN
PCLA
PCLA
Q1 26
Q4 25
Q3 25
7.05×
Q2 25
-6.61×
Q1 25
Q4 24
1.98×
Q3 24
8.79×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORN
ORN

Segment breakdown not available.

PCLA
PCLA

Revenue from product$179.1M71%
Revenue from SaaS, Maintenance and others$42.4M17%
Revenue from product – related party$31.0M12%

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