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

PEGASYSTEMS INC is the larger business by last-quarter revenue ($430.0M vs $216.3M, roughly 2.0× Orion Group Holdings Inc). PEGASYSTEMS INC runs the higher net margin — 7.6% vs 2.2%, a 5.4% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs -9.6%). Over the past eight quarters, PEGASYSTEMS INC's revenue compounded faster (10.7% CAGR vs 6.1%).

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.

Pegasystems Inc. (Pega) is a global software company based in Waltham, Massachusetts, in the United States, and founded in 1983. The company has been publicly traded since 1996 as PEGA (NASDAQ). Pega is a low-code platform for workflow automation and generative AI-powered decision-making for businesses.

ORN vs PEGA — Head-to-Head

Bigger by revenue
PEGA
PEGA
2.0× larger
PEGA
$430.0M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+24.2% gap
ORN
14.6%
-9.6%
PEGA
Higher net margin
PEGA
PEGA
5.4% more per $
PEGA
7.6%
2.2%
ORN
Faster 2-yr revenue CAGR
PEGA
PEGA
Annualised
PEGA
10.7%
6.1%
ORN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ORN
ORN
PEGA
PEGA
Revenue
$216.3M
$430.0M
Net Profit
$4.7M
$32.8M
Gross Margin
12.0%
75.2%
Operating Margin
8.6%
Net Margin
2.2%
7.6%
Revenue YoY
14.6%
-9.6%
Net Profit YoY
435.7%
EPS (diluted)
$0.12
$0.18

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
PEGA
PEGA
Q1 26
$216.3M
$430.0M
Q4 25
$233.2M
$504.3M
Q3 25
$225.1M
$381.4M
Q2 25
$205.3M
$384.5M
Q1 25
$188.7M
$475.6M
Q4 24
$216.9M
$490.8M
Q3 24
$226.7M
$325.1M
Q2 24
$192.2M
$351.2M
Net Profit
ORN
ORN
PEGA
PEGA
Q1 26
$4.7M
$32.8M
Q4 25
$-240.0K
$234.6M
Q3 25
$3.3M
$43.4M
Q2 25
$841.0K
$30.1M
Q1 25
$-1.4M
$85.4M
Q4 24
$6.8M
$119.1M
Q3 24
$4.3M
$-14.4M
Q2 24
$-6.6M
$6.6M
Gross Margin
ORN
ORN
PEGA
PEGA
Q1 26
12.0%
75.2%
Q4 25
11.6%
79.5%
Q3 25
13.2%
72.2%
Q2 25
12.6%
71.5%
Q1 25
12.2%
78.5%
Q4 24
14.0%
79.1%
Q3 24
11.9%
70.2%
Q2 24
9.5%
72.4%
Operating Margin
ORN
ORN
PEGA
PEGA
Q1 26
8.6%
Q4 25
2.2%
20.7%
Q3 25
2.4%
3.8%
Q2 25
1.7%
4.5%
Q1 25
0.4%
26.7%
Q4 24
4.4%
29.1%
Q3 24
3.4%
-3.6%
Q2 24
-1.4%
3.7%
Net Margin
ORN
ORN
PEGA
PEGA
Q1 26
2.2%
7.6%
Q4 25
-0.1%
46.5%
Q3 25
1.5%
11.4%
Q2 25
0.4%
7.8%
Q1 25
-0.7%
18.0%
Q4 24
3.1%
24.3%
Q3 24
1.9%
-4.4%
Q2 24
-3.4%
1.9%
EPS (diluted)
ORN
ORN
PEGA
PEGA
Q1 26
$0.12
$0.18
Q4 25
$-0.00
$0.81
Q3 25
$0.08
$0.24
Q2 25
$0.02
$0.17
Q1 25
$-0.04
$0.91
Q4 24
$0.22
$1.35
Q3 24
$0.12
$-0.17
Q2 24
$-0.20
$0.07

Balance Sheet & Financial Strength

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

Metric
ORN
ORN
PEGA
PEGA
Cash + ST InvestmentsLiquidity on hand
$6.3M
$270.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$166.7M
$705.9M
Total Assets
$478.7M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ORN
ORN
PEGA
PEGA
Q1 26
$6.3M
$270.0M
Q4 25
$1.6M
$425.8M
Q3 25
$4.9M
$351.4M
Q2 25
$1.7M
$411.6M
Q1 25
$13.0M
$371.7M
Q4 24
$28.3M
$740.0M
Q3 24
$28.3M
$703.0M
Q2 24
$4.8M
$665.1M
Total Debt
ORN
ORN
PEGA
PEGA
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
PEGA
PEGA
Q1 26
$166.7M
$705.9M
Q4 25
$159.0M
$787.4M
Q3 25
$157.9M
$596.8M
Q2 25
$153.2M
$624.5M
Q1 25
$150.8M
$611.3M
Q4 24
$150.7M
$585.5M
Q3 24
$142.4M
$473.0M
Q2 24
$111.1M
$435.4M
Total Assets
ORN
ORN
PEGA
PEGA
Q1 26
$478.7M
$1.6B
Q4 25
$414.7M
$1.6B
Q3 25
$422.4M
$1.3B
Q2 25
$432.7M
$1.3B
Q1 25
$416.3M
$1.3B
Q4 24
$417.3M
$1.8B
Q3 24
$430.3M
$1.6B
Q2 24
$414.0M
$1.5B
Debt / Equity
ORN
ORN
PEGA
PEGA
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
PEGA
PEGA
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$206.5M
FCF MarginFCF / Revenue
48.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$494.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ORN
ORN
PEGA
PEGA
Q1 26
Q4 25
$13.8M
$158.4M
Q3 25
$23.3M
$56.3M
Q2 25
$-5.6M
$86.3M
Q1 25
$-3.4M
$204.2M
Q4 24
$13.4M
$95.2M
Q3 24
$37.5M
$30.5M
Q2 24
$-15.3M
$40.1M
Free Cash Flow
ORN
ORN
PEGA
PEGA
Q1 26
$206.5M
Q4 25
$454.0K
$152.4M
Q3 25
$13.9M
$51.8M
Q2 25
$-12.7M
$84.1M
Q1 25
$-12.5M
$202.3M
Q4 24
$9.9M
$92.4M
Q3 24
$33.3M
$27.4M
Q2 24
$-20.0M
$38.8M
FCF Margin
ORN
ORN
PEGA
PEGA
Q1 26
48.0%
Q4 25
0.2%
30.2%
Q3 25
6.2%
13.6%
Q2 25
-6.2%
21.9%
Q1 25
-6.6%
42.5%
Q4 24
4.6%
18.8%
Q3 24
14.7%
8.4%
Q2 24
-10.4%
11.1%
Capex Intensity
ORN
ORN
PEGA
PEGA
Q1 26
Q4 25
5.7%
1.2%
Q3 25
4.2%
1.2%
Q2 25
3.5%
0.6%
Q1 25
4.8%
0.4%
Q4 24
1.6%
0.6%
Q3 24
1.8%
0.9%
Q2 24
2.4%
0.4%
Cash Conversion
ORN
ORN
PEGA
PEGA
Q1 26
Q4 25
0.68×
Q3 25
7.05×
1.30×
Q2 25
-6.61×
2.87×
Q1 25
2.39×
Q4 24
1.98×
0.80×
Q3 24
8.79×
Q2 24
6.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ORN
ORN

Segment breakdown not available.

PEGA
PEGA

Pega Cloud$205.0M48%
Subscription license$94.9M22%
Maintenance$75.3M18%
Consulting$54.8M13%

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