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Side-by-side financial comparison of PicoCELA Inc. (PCLA) and UFP TECHNOLOGIES INC (UFPT). Click either name above to swap in a different company.

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $148.9M, roughly 1.7× UFP TECHNOLOGIES INC). UFP TECHNOLOGIES INC runs the higher net margin — 11.8% vs -125.2%, a 137.0% 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.

UFP Technologies, Inc. is an American multinational developer and custom manufacturer of comprehensive solutions for medical devices, sterile packaging, and other highly engineered custom products.

PCLA vs UFPT — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.7× larger
PCLA
$252.6M
$148.9M
UFPT
Higher net margin
UFPT
UFPT
137.0% more per $
UFPT
11.8%
-125.2%
PCLA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PCLA
PCLA
UFPT
UFPT
Revenue
$252.6M
$148.9M
Net Profit
$-316.2M
$17.6M
Gross Margin
28.2%
Operating Margin
-114.8%
14.4%
Net Margin
-125.2%
11.8%
Revenue YoY
3.4%
Net Profit YoY
7.3%
EPS (diluted)
$2.22

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
UFPT
UFPT
Q4 25
$148.9M
Q3 25
$154.6M
Q2 25
$151.2M
Q1 25
$252.6M
$148.1M
Q4 24
$144.1M
Q3 24
$145.2M
Q2 24
$110.2M
Q1 24
$105.0M
Net Profit
PCLA
PCLA
UFPT
UFPT
Q4 25
$17.6M
Q3 25
$16.4M
Q2 25
$17.2M
Q1 25
$-316.2M
$17.2M
Q4 24
$16.4M
Q3 24
$16.4M
Q2 24
$13.6M
Q1 24
$12.7M
Gross Margin
PCLA
PCLA
UFPT
UFPT
Q4 25
28.2%
Q3 25
27.7%
Q2 25
28.8%
Q1 25
28.5%
Q4 24
29.2%
Q3 24
28.6%
Q2 24
30.0%
Q1 24
28.6%
Operating Margin
PCLA
PCLA
UFPT
UFPT
Q4 25
14.4%
Q3 25
15.1%
Q2 25
16.1%
Q1 25
-114.8%
15.6%
Q4 24
15.4%
Q3 24
17.1%
Q2 24
16.3%
Q1 24
15.2%
Net Margin
PCLA
PCLA
UFPT
UFPT
Q4 25
11.8%
Q3 25
10.6%
Q2 25
11.4%
Q1 25
-125.2%
11.6%
Q4 24
11.4%
Q3 24
11.3%
Q2 24
12.3%
Q1 24
12.1%
EPS (diluted)
PCLA
PCLA
UFPT
UFPT
Q4 25
$2.22
Q3 25
$2.11
Q2 25
$2.21
Q1 25
$2.21
Q4 24
$2.08
Q3 24
$2.11
Q2 24
$1.75
Q1 24
$1.64

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
UFPT
UFPT
Cash + ST InvestmentsLiquidity on hand
$456.8M
$20.3M
Total DebtLower is stronger
$135.5M
Stockholders' EquityBook value
$354.8M
$423.9M
Total Assets
$1.2B
$655.1M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
UFPT
UFPT
Q4 25
$20.3M
Q3 25
$18.2M
Q2 25
$14.9M
Q1 25
$456.8M
$14.0M
Q4 24
$13.4M
Q3 24
$16.4M
Q2 24
$16.7M
Q1 24
$11.4M
Total Debt
PCLA
PCLA
UFPT
UFPT
Q4 25
$135.5M
Q3 25
$146.1M
Q2 25
$163.6M
Q1 25
$163.6M
Q4 24
$189.4M
Q3 24
$212.0M
Q2 24
$35.2M
Q1 24
$34.0M
Stockholders' Equity
PCLA
PCLA
UFPT
UFPT
Q4 25
$423.9M
Q3 25
$403.9M
Q2 25
$385.5M
Q1 25
$354.8M
$360.7M
Q4 24
$342.8M
Q3 24
$329.1M
Q2 24
$310.2M
Q1 24
$295.0M
Total Assets
PCLA
PCLA
UFPT
UFPT
Q4 25
$655.1M
Q3 25
$652.8M
Q2 25
$634.7M
Q1 25
$1.2B
$642.6M
Q4 24
$629.0M
Q3 24
$638.5M
Q2 24
$422.4M
Q1 24
$407.7M
Debt / Equity
PCLA
PCLA
UFPT
UFPT
Q4 25
0.32×
Q3 25
0.36×
Q2 25
0.42×
Q1 25
0.45×
Q4 24
0.55×
Q3 24
0.64×
Q2 24
0.11×
Q1 24
0.12×

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
UFPT
UFPT
Operating Cash FlowLast quarter
$-245.6M
$16.8M
Free Cash FlowOCF − Capex
$-256.6M
FCF MarginFCF / Revenue
-101.6%
Capex IntensityCapex / Revenue
4.3%
Cash ConversionOCF / Net Profit
0.96×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
UFPT
UFPT
Q4 25
$16.8M
Q3 25
$35.9M
Q2 25
$25.3M
Q1 25
$-245.6M
$13.8M
Q4 24
$24.4M
Q3 24
$19.8M
Q2 24
$11.7M
Q1 24
$10.7M
Free Cash Flow
PCLA
PCLA
UFPT
UFPT
Q4 25
Q3 25
Q2 25
$22.5M
Q1 25
$-256.6M
$11.0M
Q4 24
$21.4M
Q3 24
$17.7M
Q2 24
$8.9M
Q1 24
$8.9M
FCF Margin
PCLA
PCLA
UFPT
UFPT
Q4 25
Q3 25
Q2 25
14.9%
Q1 25
-101.6%
7.4%
Q4 24
14.9%
Q3 24
12.2%
Q2 24
8.1%
Q1 24
8.5%
Capex Intensity
PCLA
PCLA
UFPT
UFPT
Q4 25
Q3 25
Q2 25
1.9%
Q1 25
4.3%
1.9%
Q4 24
2.1%
Q3 24
1.5%
Q2 24
2.5%
Q1 24
1.6%
Cash Conversion
PCLA
PCLA
UFPT
UFPT
Q4 25
0.96×
Q3 25
2.19×
Q2 25
1.47×
Q1 25
0.80×
Q4 24
1.49×
Q3 24
1.21×
Q2 24
0.86×
Q1 24
0.84×

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%

UFPT
UFPT

Products$145.1M97%
Engineering And Development$1.8M1%

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