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Side-by-side financial comparison of Ouster, Inc. (OUST) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.

Ouster, Inc. is the larger business by last-quarter revenue ($62.2M vs $37.2M, roughly 1.7× Waterstone Financial, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 16.7%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 7.1%).

Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.

OUST vs WSBF — Head-to-Head

Bigger by revenue
OUST
OUST
1.7× larger
OUST
$62.2M
$37.2M
WSBF
Growing faster (revenue YoY)
OUST
OUST
+89.9% gap
OUST
106.6%
16.7%
WSBF
More free cash flow
WSBF
WSBF
$60.2M more FCF
WSBF
$23.0M
$-37.2M
OUST
Faster 2-yr revenue CAGR
OUST
OUST
Annualised
OUST
54.8%
7.1%
WSBF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OUST
OUST
WSBF
WSBF
Revenue
$62.2M
$37.2M
Net Profit
Gross Margin
60.2%
Operating Margin
1.5%
27.0%
Net Margin
Revenue YoY
106.6%
16.7%
Net Profit YoY
EPS (diluted)
$0.10
$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
OUST
OUST
WSBF
WSBF
Q4 25
$62.2M
$37.2M
Q3 25
$39.5M
$37.0M
Q2 25
$35.0M
$38.0M
Q1 25
$32.6M
$29.7M
Q4 24
$30.1M
$31.8M
Q3 24
$28.1M
$34.1M
Q2 24
$27.0M
$37.2M
Q1 24
$25.9M
$32.4M
Net Profit
OUST
OUST
WSBF
WSBF
Q4 25
Q3 25
$-21.7M
$7.9M
Q2 25
$-20.6M
$7.7M
Q1 25
$-22.0M
$3.0M
Q4 24
Q3 24
$-25.6M
$4.7M
Q2 24
$-23.9M
$5.7M
Q1 24
$-23.8M
$3.0M
Gross Margin
OUST
OUST
WSBF
WSBF
Q4 25
60.2%
Q3 25
42.1%
Q2 25
45.2%
Q1 25
41.3%
Q4 24
43.8%
Q3 24
38.3%
Q2 24
33.7%
Q1 24
28.6%
Operating Margin
OUST
OUST
WSBF
WSBF
Q4 25
1.5%
27.0%
Q3 25
-61.4%
26.6%
Q2 25
-76.5%
25.4%
Q1 25
-73.0%
13.1%
Q4 24
-85.1%
19.5%
Q3 24
-98.0%
17.3%
Q2 24
-93.6%
19.2%
Q1 24
-99.5%
14.7%
Net Margin
OUST
OUST
WSBF
WSBF
Q4 25
Q3 25
-55.0%
21.4%
Q2 25
-58.8%
20.3%
Q1 25
-67.5%
10.2%
Q4 24
Q3 24
-91.1%
13.9%
Q2 24
-88.4%
15.4%
Q1 24
-91.9%
9.4%
EPS (diluted)
OUST
OUST
WSBF
WSBF
Q4 25
$0.10
$0.43
Q3 25
$-0.37
$0.45
Q2 25
$-0.38
$0.43
Q1 25
$-0.42
$0.17
Q4 24
$-0.46
$0.28
Q3 24
$-0.54
$0.26
Q2 24
$-0.53
$0.31
Q1 24
$-0.55
$0.16

Balance Sheet & Financial Strength

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

Metric
OUST
OUST
WSBF
WSBF
Cash + ST InvestmentsLiquidity on hand
$208.6M
Total DebtLower is stronger
$412.3M
Stockholders' EquityBook value
$261.7M
$349.4M
Total Assets
$349.5M
$2.3B
Debt / EquityLower = less leverage
1.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OUST
OUST
WSBF
WSBF
Q4 25
$208.6M
Q3 25
$244.5M
Q2 25
$226.5M
Q1 25
$168.2M
Q4 24
$172.0M
Q3 24
$151.4M
Q2 24
$184.2M
Q1 24
$187.8M
Total Debt
OUST
OUST
WSBF
WSBF
Q4 25
$412.3M
Q3 25
$469.1M
Q2 25
$465.7M
Q1 25
$395.9M
Q4 24
$446.5M
Q3 24
$560.1M
Q2 24
$660.8M
Q1 24
$634.2M
Stockholders' Equity
OUST
OUST
WSBF
WSBF
Q4 25
$261.7M
$349.4M
Q3 25
$247.4M
$345.5M
Q2 25
$221.0M
$341.5M
Q1 25
$167.9M
$341.4M
Q4 24
$180.9M
$339.1M
Q3 24
$171.7M
$342.0M
Q2 24
$170.6M
$334.9M
Q1 24
$167.2M
$338.0M
Total Assets
OUST
OUST
WSBF
WSBF
Q4 25
$349.5M
$2.3B
Q3 25
$353.8M
$2.3B
Q2 25
$321.8M
$2.3B
Q1 25
$268.6M
$2.2B
Q4 24
$276.1M
$2.2B
Q3 24
$255.2M
$2.2B
Q2 24
$309.9M
$2.3B
Q1 24
$317.7M
$2.2B
Debt / Equity
OUST
OUST
WSBF
WSBF
Q4 25
1.18×
Q3 25
1.36×
Q2 25
1.36×
Q1 25
1.16×
Q4 24
1.32×
Q3 24
1.64×
Q2 24
1.97×
Q1 24
1.88×

Cash Flow & Capital Efficiency

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

Metric
OUST
OUST
WSBF
WSBF
Operating Cash FlowLast quarter
$-15.4M
$24.2M
Free Cash FlowOCF − Capex
$-37.2M
$23.0M
FCF MarginFCF / Revenue
-59.8%
61.9%
Capex IntensityCapex / Revenue
35.0%
3.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-64.8M
$43.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OUST
OUST
WSBF
WSBF
Q4 25
$-15.4M
$24.2M
Q3 25
$-18.3M
$32.7M
Q2 25
$-1.3M
$-38.4M
Q1 25
$-4.9M
$26.7M
Q4 24
$-2.6M
$48.1M
Q3 24
$-3.8M
$74.1M
Q2 24
$-21.6M
$-39.5M
Q1 24
$-5.7M
$-9.9M
Free Cash Flow
OUST
OUST
WSBF
WSBF
Q4 25
$-37.2M
$23.0M
Q3 25
$-20.0M
$32.4M
Q2 25
$-2.2M
$-38.5M
Q1 25
$-5.4M
$26.5M
Q4 24
$-4.0M
$47.0M
Q3 24
$-4.3M
$73.9M
Q2 24
$-22.0M
$-39.7M
Q1 24
$-7.1M
$-10.3M
FCF Margin
OUST
OUST
WSBF
WSBF
Q4 25
-59.8%
61.9%
Q3 25
-50.7%
87.5%
Q2 25
-6.3%
-101.2%
Q1 25
-16.6%
89.2%
Q4 24
-13.3%
147.5%
Q3 24
-15.4%
216.9%
Q2 24
-81.5%
-106.7%
Q1 24
-27.4%
-31.9%
Capex Intensity
OUST
OUST
WSBF
WSBF
Q4 25
35.0%
3.1%
Q3 25
4.3%
0.8%
Q2 25
2.5%
0.2%
Q1 25
1.7%
0.9%
Q4 24
4.8%
3.5%
Q3 24
2.0%
0.6%
Q2 24
1.3%
0.4%
Q1 24
5.3%
1.2%
Cash Conversion
OUST
OUST
WSBF
WSBF
Q4 25
Q3 25
4.13×
Q2 25
-4.98×
Q1 25
8.81×
Q4 24
Q3 24
15.67×
Q2 24
-6.92×
Q1 24
-3.27×

Financial Flow Comparison

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

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