Coda Octopus Group vs Mind Technology
Mind Technology is the larger business, with $40.9m of revenue in fiscal 2026 against $26.6m for Coda Octopus Group (1.5 times as much). Coda Octopus Group grew faster (30.7% against -12.6%). Coda Octopus Group kept more of each dollar of sales as profit: a net margin of 15.5% against 1.8%.
| Latest fiscal year | Coda Octopus GroupCODA, 2025 | Mind TechnologyMIND, 2026 |
|---|---|---|
| Revenue | $26.6m | $40.9m |
| Revenue growth | 30.7% | -12.6% |
| Net income | $4.1m | $750,000 |
| Operating margin | — | — |
| Net margin | 15.5% | 1.8% |
| Return on equity | 7.4% | 2.2% |
| Free cash flow | $6.0m | $1.9m |
| Cash | $28.7m | $19.1m |
| Total debt | $0 | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | — |
| Employees | 100 | 157 |
| Market value | $105m | $35.4m |
| Price vs our value range | Below our value range | — |
| Moat score | 77 (Strong) | 27 (Weak) |
| Insider trades, 12 months | 0 buys, 4 sales | 0 buys, 0 sales |