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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and SFL Corp Ltd. (SFL). Click either name above to swap in a different company.

SFL Corp Ltd. is the larger business by last-quarter revenue ($353.7M vs $252.6M, roughly 1.4× PicoCELA Inc.). SFL Corp Ltd. runs the higher net margin — 1.1% vs -125.2%, a 126.3% gap on every dollar of revenue.

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.

SFL Corp Ltd is a global maritime transportation and vessel owning enterprise with a diversified fleet including container ships, oil tankers, dry bulk carriers and offshore support vessels. It serves international logistics, energy and bulk commodity sectors, offering long-term and spot charter services to clients across major global trade routes.

PCLA vs SFL — Head-to-Head

Bigger by revenue
SFL
SFL
1.4× larger
SFL
$353.7M
$252.6M
PCLA
Higher net margin
SFL
SFL
126.3% more per $
SFL
1.1%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PCLA
PCLA
SFL
SFL
Revenue
$252.6M
$353.7M
Net Profit
$-316.2M
$4.0M
Gross Margin
Operating Margin
-114.8%
22.8%
Net Margin
-125.2%
1.1%
Revenue YoY
-27.0%
Net Profit YoY
-93.9%
EPS (diluted)
$0.03

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
SFL
SFL
Q4 25
$353.7M
Q1 25
$252.6M
Q4 24
$484.4M
Q4 23
$414.5M
Q4 22
$364.7M
Net Profit
PCLA
PCLA
SFL
SFL
Q4 25
$4.0M
Q1 25
$-316.2M
Q4 24
$64.7M
Q4 23
$60.7M
Q4 22
$98.3M
Operating Margin
PCLA
PCLA
SFL
SFL
Q4 25
22.8%
Q1 25
-114.8%
Q4 24
32.8%
Q4 23
33.4%
Q4 22
38.3%
Net Margin
PCLA
PCLA
SFL
SFL
Q4 25
1.1%
Q1 25
-125.2%
Q4 24
13.4%
Q4 23
14.6%
Q4 22
27.0%
EPS (diluted)
PCLA
PCLA
SFL
SFL
Q4 25
$0.03
Q1 25
Q4 24
$0.49
Q4 23
$0.48
Q4 22
$0.74

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
SFL
SFL
Cash + ST InvestmentsLiquidity on hand
$456.8M
$150.8M
Total DebtLower is stronger
$2.6B
Stockholders' EquityBook value
$354.8M
$960.9M
Total Assets
$1.2B
$3.6B
Debt / EquityLower = less leverage
2.69×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
SFL
SFL
Q4 25
$150.8M
Q1 25
$456.8M
Q4 24
$134.6M
Q4 23
$165.5M
Q4 22
$188.4M
Total Debt
PCLA
PCLA
SFL
SFL
Q4 25
$2.6B
Q1 25
Q4 24
$2.9B
Q4 23
$2.2B
Q4 22
$2.2B
Stockholders' Equity
PCLA
PCLA
SFL
SFL
Q4 25
$960.9M
Q1 25
$354.8M
Q4 24
$1.1B
Q4 23
$1.0B
Q4 22
$1.1B
Total Assets
PCLA
PCLA
SFL
SFL
Q4 25
$3.6B
Q1 25
$1.2B
Q4 24
$4.1B
Q4 23
$3.7B
Q4 22
$3.9B
Debt / Equity
PCLA
PCLA
SFL
SFL
Q4 25
2.69×
Q1 25
Q4 24
2.54×
Q4 23
2.08×
Q4 22
2.03×

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
SFL
SFL
Operating Cash FlowLast quarter
$-245.6M
$118.4M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
29.75×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
SFL
SFL
Q4 25
$118.4M
Q1 25
$-245.6M
Q4 24
$182.4M
Q4 23
$112.1M
Q4 22
$188.4M
Free Cash Flow
PCLA
PCLA
SFL
SFL
Q4 25
Q1 25
$-256.6M
Q4 24
Q4 23
Q4 22
FCF Margin
PCLA
PCLA
SFL
SFL
Q4 25
Q1 25
-101.6%
Q4 24
Q4 23
Q4 22
Capex Intensity
PCLA
PCLA
SFL
SFL
Q4 25
Q1 25
4.3%
Q4 24
Q4 23
Q4 22
Cash Conversion
PCLA
PCLA
SFL
SFL
Q4 25
29.75×
Q1 25
Q4 24
2.82×
Q4 23
1.85×
Q4 22
1.92×

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%

SFL
SFL

Segment breakdown not available.

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