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

PicoCELA Inc. is the larger business by last-quarter revenue ($252.6M vs $161.5M, roughly 1.6× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs -125.2%, a 137.0% gap on every dollar of revenue. UNITIL CORP produced more free cash flow last quarter ($-36.3M 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.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

PCLA vs UTL — Head-to-Head

Bigger by revenue
PCLA
PCLA
1.6× larger
PCLA
$252.6M
$161.5M
UTL
Higher net margin
UTL
UTL
137.0% more per $
UTL
11.8%
-125.2%
PCLA
More free cash flow
UTL
UTL
$220.3M more FCF
UTL
$-36.3M
$-256.6M
PCLA

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
PCLA
PCLA
UTL
UTL
Revenue
$252.6M
$161.5M
Net Profit
$-316.2M
$19.0M
Gross Margin
Operating Margin
-114.8%
21.5%
Net Margin
-125.2%
11.8%
Revenue YoY
26.7%
Net Profit YoY
21.8%
EPS (diluted)
$1.05

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
UTL
UTL
Q4 25
$161.5M
Q3 25
$101.1M
Q2 25
$102.6M
Q1 25
$252.6M
$170.8M
Q4 24
$127.5M
Q3 24
$92.9M
Q2 24
$95.7M
Q1 24
$178.7M
Net Profit
PCLA
PCLA
UTL
UTL
Q4 25
$19.0M
Q3 25
$-300.0K
Q2 25
$4.0M
Q1 25
$-316.2M
$27.5M
Q4 24
$15.6M
Q3 24
$0
Q2 24
$4.3M
Q1 24
$27.2M
Operating Margin
PCLA
PCLA
UTL
UTL
Q4 25
21.5%
Q3 25
6.9%
Q2 25
13.0%
Q1 25
-114.8%
27.0%
Q4 24
22.1%
Q3 24
6.2%
Q2 24
13.0%
Q1 24
24.7%
Net Margin
PCLA
PCLA
UTL
UTL
Q4 25
11.8%
Q3 25
-0.3%
Q2 25
3.9%
Q1 25
-125.2%
16.1%
Q4 24
12.2%
Q3 24
Q2 24
4.5%
Q1 24
15.2%
EPS (diluted)
PCLA
PCLA
UTL
UTL
Q4 25
$1.05
Q3 25
$-0.02
Q2 25
$0.25
Q1 25
$1.69
Q4 24
$0.97
Q3 24
$0.00
Q2 24
$0.27
Q1 24
$1.69

Balance Sheet & Financial Strength

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

Metric
PCLA
PCLA
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$456.8M
$15.6M
Total DebtLower is stronger
$670.5M
Stockholders' EquityBook value
$354.8M
$609.6M
Total Assets
$1.2B
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PCLA
PCLA
UTL
UTL
Q4 25
$15.6M
Q3 25
$14.6M
Q2 25
$8.5M
Q1 25
$456.8M
$10.2M
Q4 24
$6.3M
Q3 24
$6.3M
Q2 24
$2.8M
Q1 24
$6.3M
Total Debt
PCLA
PCLA
UTL
UTL
Q4 25
$670.5M
Q3 25
$670.5M
Q2 25
$640.7M
Q1 25
$642.1M
Q4 24
$643.3M
Q3 24
$643.3M
Q2 24
$511.3M
Q1 24
$512.8M
Stockholders' Equity
PCLA
PCLA
UTL
UTL
Q4 25
$609.6M
Q3 25
$597.2M
Q2 25
$532.8M
Q1 25
$354.8M
$534.1M
Q4 24
$512.5M
Q3 24
$502.4M
Q2 24
$508.8M
Q1 24
$510.8M
Total Assets
PCLA
PCLA
UTL
UTL
Q4 25
$2.1B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.2B
$1.9B
Q4 24
$1.8B
Q3 24
$1.7B
Q2 24
$1.7B
Q1 24
$1.7B
Debt / Equity
PCLA
PCLA
UTL
UTL
Q4 25
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
1.20×
Q4 24
1.26×
Q3 24
1.28×
Q2 24
1.00×
Q1 24
1.00×

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
UTL
UTL
Operating Cash FlowLast quarter
$-245.6M
$21.4M
Free Cash FlowOCF − Capex
$-256.6M
$-36.3M
FCF MarginFCF / Revenue
-101.6%
-22.5%
Capex IntensityCapex / Revenue
4.3%
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PCLA
PCLA
UTL
UTL
Q4 25
$21.4M
Q3 25
$15.6M
Q2 25
$42.2M
Q1 25
$-245.6M
$52.1M
Q4 24
$23.3M
Q3 24
$26.1M
Q2 24
$49.9M
Q1 24
$26.6M
Free Cash Flow
PCLA
PCLA
UTL
UTL
Q4 25
$-36.3M
Q3 25
$-39.0M
Q2 25
$2.0M
Q1 25
$-256.6M
$19.5M
Q4 24
$-32.3M
Q3 24
$-31.3M
Q2 24
$13.2M
Q1 24
$6.4M
FCF Margin
PCLA
PCLA
UTL
UTL
Q4 25
-22.5%
Q3 25
-38.6%
Q2 25
1.9%
Q1 25
-101.6%
11.4%
Q4 24
-25.3%
Q3 24
-33.7%
Q2 24
13.8%
Q1 24
3.6%
Capex Intensity
PCLA
PCLA
UTL
UTL
Q4 25
35.7%
Q3 25
54.0%
Q2 25
39.2%
Q1 25
4.3%
19.1%
Q4 24
43.6%
Q3 24
61.8%
Q2 24
38.3%
Q1 24
11.3%
Cash Conversion
PCLA
PCLA
UTL
UTL
Q4 25
1.13×
Q3 25
Q2 25
10.55×
Q1 25
1.89×
Q4 24
1.49×
Q3 24
Q2 24
11.60×
Q1 24
0.98×

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%

UTL
UTL

Segment breakdown not available.

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