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Side-by-side financial comparison of Aclarion, Inc. (ACON) and ReNew Energy Global plc (RNW). Click either name above to swap in a different company.

Aclarion, Inc. is the larger business by last-quarter revenue ($18.5K vs $17.0K, roughly 1.1× ReNew Energy Global plc).

Aclarion, Inc. is a medical technology company focused on developing non-invasive solutions for chronic lower back pain diagnosis and treatment. Its core offerings leverage proprietary magnetic resonance spectroscopy technology to accurately identify painful intervertebral discs, serving healthcare providers and patients across the United States, with key focus on the chronic pain management and spinal care segments.

ReNew Energy Global plc is an Indian renewable energy company, based in Gurgaon. It is the first Indian renewable energy company to be listed on NASDAQ. ReNew operates more than 150 projects spread across ten states in India.

ACON vs RNW — Head-to-Head

Bigger by revenue
ACON
ACON
1.1× larger
ACON
$18.5K
$17.0K
RNW

Income Statement — Q4 FY2025 vs Q2 FY2023

Metric
ACON
ACON
RNW
RNW
Revenue
$18.5K
$17.0K
Net Profit
$-1.9M
Gross Margin
9.7%
Operating Margin
-10785.8%
Net Margin
-10223.7%
Revenue YoY
80.6%
Net Profit YoY
5.0%
EPS (diluted)
$1.39

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
ACON
ACON
RNW
RNW
Q4 25
$18.5K
Q3 25
$18.9K
Q2 25
$19.3K
Q1 25
$19.0K
Q4 24
$10.2K
Q3 24
$14.4K
Q2 24
$11.0K
Q1 24
$10.1K
Net Profit
ACON
ACON
RNW
RNW
Q4 25
$-1.9M
Q3 25
$-1.7M
Q2 25
$-1.6M
Q1 25
$-2.0M
Q4 24
$-2.0M
Q3 24
$-1.4M
Q2 24
$-1.2M
Q1 24
$-2.4M
Gross Margin
ACON
ACON
RNW
RNW
Q4 25
9.7%
Q3 25
23.2%
Q2 25
26.6%
Q1 25
-23.6%
Q4 24
-100.9%
Q3 24
-48.1%
Q2 24
-112.3%
Q1 24
-92.6%
Operating Margin
ACON
ACON
RNW
RNW
Q4 25
-10785.8%
Q3 25
-9666.2%
Q2 25
-8988.6%
Q1 25
-7856.0%
Q4 24
-17652.7%
Q3 24
-8995.3%
Q2 24
-10350.6%
Q1 24
-12609.3%
Net Margin
ACON
ACON
RNW
RNW
Q4 25
-10223.7%
Q3 25
-9008.0%
Q2 25
-8285.9%
Q1 25
-10728.4%
Q4 24
-19444.6%
Q3 24
-9482.7%
Q2 24
-11285.0%
Q1 24
-23720.6%
EPS (diluted)
ACON
ACON
RNW
RNW
Q4 25
$1.39
Q3 25
$-2.93
Q2 25
$-2.75
Q1 25
$-9.32
Q4 24
$-809.36
Q3 24
$-1321.49
Q2 24
$-1362.83
Q1 24
$-3985.22

Balance Sheet & Financial Strength

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

Metric
ACON
ACON
RNW
RNW
Cash + ST InvestmentsLiquidity on hand
$12.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$12.8M
Total Assets
$13.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACON
ACON
RNW
RNW
Q4 25
$12.0M
Q3 25
$11.3M
Q2 25
$12.8M
Q1 25
$14.8M
Q4 24
$453.7K
Q3 24
$1.3M
Q2 24
$1.2M
Q1 24
$2.1M
Stockholders' Equity
ACON
ACON
RNW
RNW
Q4 25
$12.8M
Q3 25
$12.5M
Q2 25
$14.2M
Q1 25
$15.8M
Q4 24
$970.1K
Q3 24
$2.5M
Q2 24
$1.6M
Q1 24
$2.5M
Total Assets
ACON
ACON
RNW
RNW
Q4 25
$13.7M
Q3 25
$13.2M
Q2 25
$14.8M
Q1 25
$16.5M
Q4 24
$2.1M
Q3 24
$3.2M
Q2 24
$3.1M
Q1 24
$3.7M

Cash Flow & Capital Efficiency

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

Metric
ACON
ACON
RNW
RNW
Operating Cash FlowLast quarter
$-1.6M
$4.4K
Free Cash FlowOCF − Capex
$-23.6K
FCF MarginFCF / Revenue
-139.0%
Capex IntensityCapex / Revenue
164.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACON
ACON
RNW
RNW
Q4 25
$-1.6M
Q3 25
$-1.2M
Q2 25
$-1.9M
Q1 25
$-2.5M
Q4 24
$-922.9K
Q3 24
$-1.1M
Q2 24
$-1.1M
Q1 24
$-2.2M
Free Cash Flow
ACON
ACON
RNW
RNW
Q4 25
Q3 25
$-1.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
ACON
ACON
RNW
RNW
Q4 25
Q3 25
-6164.6%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
ACON
ACON
RNW
RNW
Q4 25
Q3 25
38.6%
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24

Financial Flow Comparison

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

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