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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $168.3M, roughly 1.5× PARK NATIONAL CORP). PARK NATIONAL CORP runs the higher net margin — 25.3% vs -125.2%, a 150.5% gap on every dollar of revenue. PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $-256.6M).

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.

National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.

PCLA vs PRK — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.5× larger
PCLA
$252.6M
$168.3M
PRK
Higher net margin
PRK
PRK
150.5% more per $
PRK
25.3%
-125.2%
PCLA
More free cash flow
PRK
PRK
$448.5M more FCF
PRK
$191.9M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PCLA
PCLA
PRK
PRK
Revenue
$252.6M
$168.3M
Net Profit
$-316.2M
$42.6M
Gross Margin
Operating Margin
-114.8%
Net Margin
-125.2%
25.3%
Revenue YoY
2.2%
Net Profit YoY
10.4%
EPS (diluted)
$2.62

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
PCLA
PCLA
PRK
PRK
Q4 25
$168.3M
Q3 25
$169.5M
Q2 25
$168.7M
Q1 25
$252.6M
$157.9M
Q4 24
$164.7M
Q3 24
$170.3M
Q2 24
$157.7M
Q1 24
$152.8M
Net Profit
PCLA
PCLA
PRK
PRK
Q4 25
$42.6M
Q3 25
$47.2M
Q2 25
$48.1M
Q1 25
$-316.2M
$42.2M
Q4 24
$38.6M
Q3 24
$38.2M
Q2 24
$39.4M
Q1 24
$35.2M
Operating Margin
PCLA
PCLA
PRK
PRK
Q4 25
Q3 25
34.3%
Q2 25
35.2%
Q1 25
-114.8%
32.4%
Q4 24
Q3 24
27.4%
Q2 24
30.6%
Q1 24
27.8%
Net Margin
PCLA
PCLA
PRK
PRK
Q4 25
25.3%
Q3 25
27.8%
Q2 25
28.5%
Q1 25
-125.2%
26.7%
Q4 24
23.5%
Q3 24
22.4%
Q2 24
25.0%
Q1 24
23.0%
EPS (diluted)
PCLA
PCLA
PRK
PRK
Q4 25
$2.62
Q3 25
$2.92
Q2 25
$2.97
Q1 25
$2.60
Q4 24
$2.38
Q3 24
$2.35
Q2 24
$2.42
Q1 24
$2.17

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
PRK
PRK
Cash + ST InvestmentsLiquidity on hand
$456.8M
$233.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$354.8M
$1.4B
Total Assets
$1.2B
$9.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
PRK
PRK
Q4 25
$233.5M
Q3 25
$218.9M
Q2 25
$193.1M
Q1 25
$456.8M
$237.6M
Q4 24
$160.6M
Q3 24
$201.7M
Q2 24
$261.5M
Q1 24
$306.1M
Stockholders' Equity
PCLA
PCLA
PRK
PRK
Q4 25
$1.4B
Q3 25
$1.3B
Q2 25
$1.3B
Q1 25
$354.8M
$1.3B
Q4 24
$1.2B
Q3 24
$1.2B
Q2 24
$1.2B
Q1 24
$1.2B
Total Assets
PCLA
PCLA
PRK
PRK
Q4 25
$9.8B
Q3 25
$9.9B
Q2 25
$9.9B
Q1 25
$1.2B
$9.9B
Q4 24
$9.8B
Q3 24
$9.9B
Q2 24
$9.9B
Q1 24
$9.9B

Cash Flow & Capital Efficiency

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

Metric
PCLA
PCLA
PRK
PRK
Operating Cash FlowLast quarter
$-245.6M
$198.3M
Free Cash FlowOCF − Capex
$-256.6M
$191.9M
FCF MarginFCF / Revenue
-101.6%
114.1%
Capex IntensityCapex / Revenue
4.3%
3.8%
Cash ConversionOCF / Net Profit
4.65×
TTM Free Cash FlowTrailing 4 quarters
$328.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
PRK
PRK
Q4 25
$198.3M
Q3 25
$52.6M
Q2 25
$49.7M
Q1 25
$-245.6M
$37.9M
Q4 24
$178.8M
Q3 24
$43.8M
Q2 24
$50.9M
Q1 24
$35.0M
Free Cash Flow
PCLA
PCLA
PRK
PRK
Q4 25
$191.9M
Q3 25
$51.1M
Q2 25
$48.4M
Q1 25
$-256.6M
$36.8M
Q4 24
$169.7M
Q3 24
$41.7M
Q2 24
$49.0M
Q1 24
$31.9M
FCF Margin
PCLA
PCLA
PRK
PRK
Q4 25
114.1%
Q3 25
30.1%
Q2 25
28.7%
Q1 25
-101.6%
23.3%
Q4 24
103.0%
Q3 24
24.5%
Q2 24
31.1%
Q1 24
20.8%
Capex Intensity
PCLA
PCLA
PRK
PRK
Q4 25
3.8%
Q3 25
0.9%
Q2 25
0.8%
Q1 25
4.3%
0.7%
Q4 24
5.6%
Q3 24
1.2%
Q2 24
1.2%
Q1 24
2.1%
Cash Conversion
PCLA
PCLA
PRK
PRK
Q4 25
4.65×
Q3 25
1.11×
Q2 25
1.03×
Q1 25
0.90×
Q4 24
4.63×
Q3 24
1.14×
Q2 24
1.29×
Q1 24
0.99×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PCLA
PCLA

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

PRK
PRK

Segment breakdown not available.

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