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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and EMPIRE PETROLEUM CORP (EP). Click either name above to swap in a different company.

Assertio Holdings, Inc. is the larger business by last-quarter revenue ($13.5M vs $7.1M, roughly 1.9× EMPIRE PETROLEUM CORP). On growth, EMPIRE PETROLEUM CORP posted the faster year-over-year revenue change (-30.0% vs -57.9%). Over the past eight quarters, EMPIRE PETROLEUM CORP's revenue compounded faster (-13.3% CAGR vs -35.4%).

Assertio Therapeutics, Inc. is an American specialty pharmaceutical company. It mainly markets products for treatment in neurology, pain and diseases of the central nervous system. Depomed was founded in 1995 and is headquartered in Newark, California. It is a publicly traded company on NASDAQ, with several products approved by the United States Food and Drug Administration (FDA). On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. As o...

The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It was jointly owned by some of the world's largest oil companies and headquartered in London, England.

ASRT vs EP — Head-to-Head

Bigger by revenue
ASRT
ASRT
1.9× larger
ASRT
$13.5M
$7.1M
EP
Growing faster (revenue YoY)
EP
EP
+27.9% gap
EP
-30.0%
-57.9%
ASRT
Faster 2-yr revenue CAGR
EP
EP
Annualised
EP
-13.3%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
EP
EP
Revenue
$13.5M
$7.1M
Net Profit
$-59.0M
Gross Margin
Operating Margin
-86.7%
-834.5%
Net Margin
-835.1%
Revenue YoY
-57.9%
-30.0%
Net Profit YoY
-1306.0%
EPS (diluted)
$-4.54
$-1.74

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
ASRT
ASRT
EP
EP
Q4 25
$13.5M
$7.1M
Q3 25
$49.5M
$9.4M
Q2 25
$29.2M
$8.8M
Q1 25
$26.5M
$9.0M
Q4 24
$32.2M
$10.1M
Q3 24
$29.2M
$11.4M
Q2 24
$31.1M
$12.8M
Q1 24
$32.4M
$9.4M
Net Profit
ASRT
ASRT
EP
EP
Q4 25
$-59.0M
Q3 25
$11.4M
$-3.8M
Q2 25
$-16.4M
$-5.1M
Q1 25
$-13.5M
$-4.2M
Q4 24
$-4.2M
Q3 24
$-2.9M
$-3.6M
Q2 24
$-3.7M
$-4.4M
Q1 24
$-4.5M
$-4.0M
Operating Margin
ASRT
ASRT
EP
EP
Q4 25
-86.7%
-834.5%
Q3 25
23.2%
-37.8%
Q2 25
-27.5%
-56.0%
Q1 25
-50.0%
-43.9%
Q4 24
-41.9%
-38.9%
Q3 24
-10.4%
-30.0%
Q2 24
-11.6%
-15.0%
Q1 24
-13.4%
-46.8%
Net Margin
ASRT
ASRT
EP
EP
Q4 25
-835.1%
Q3 25
23.1%
-40.9%
Q2 25
-56.0%
-57.8%
Q1 25
-51.1%
-46.9%
Q4 24
-41.6%
Q3 24
-10.0%
-32.0%
Q2 24
-11.8%
-34.3%
Q1 24
-13.9%
-42.3%
EPS (diluted)
ASRT
ASRT
EP
EP
Q4 25
$-4.54
$-1.74
Q3 25
$0.11
$-0.11
Q2 25
$-0.17
$-0.15
Q1 25
$-0.14
$-0.12
Q4 24
$-3.28
$-0.12
Q3 24
$-0.03
$-0.12
Q2 24
$-0.04
$-0.15
Q1 24
$-0.05
$-0.15

Balance Sheet & Financial Strength

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

Metric
ASRT
ASRT
EP
EP
Cash + ST InvestmentsLiquidity on hand
$63.4M
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.0M
$-4.6M
Total Assets
$267.0M
$65.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
EP
EP
Q4 25
$63.4M
$1.2M
Q3 25
$93.4M
$4.6M
Q2 25
$98.2M
$2.3M
Q1 25
$87.3M
$1.1M
Q4 24
$100.1M
$2.3M
Q3 24
$88.6M
$3.1M
Q2 24
$88.4M
$9.3M
Q1 24
$80.7M
$3.5M
Total Debt
ASRT
ASRT
EP
EP
Q4 25
Q3 25
$15.2M
Q2 25
$14.6M
Q1 25
$11.6M
Q4 24
$11.3M
Q3 24
$8.5M
Q2 24
$8.5M
Q1 24
$38.6M
$8.5M
Stockholders' Equity
ASRT
ASRT
EP
EP
Q4 25
$94.0M
$-4.6M
Q3 25
$105.8M
$53.7M
Q2 25
$93.3M
$54.5M
Q1 25
$108.5M
$59.1M
Q4 24
$121.1M
$62.8M
Q3 24
$130.5M
$56.5M
Q2 24
$132.2M
$58.7M
Q1 24
$134.5M
$31.7M
Total Assets
ASRT
ASRT
EP
EP
Q4 25
$267.0M
$65.9M
Q3 25
$319.8M
$123.0M
Q2 25
$273.8M
$124.7M
Q1 25
$286.4M
$123.7M
Q4 24
$284.7M
$123.9M
Q3 24
$276.0M
$121.2M
Q2 24
$279.4M
$119.9M
Q1 24
$282.0M
$100.1M
Debt / Equity
ASRT
ASRT
EP
EP
Q4 25
Q3 25
0.28×
Q2 25
0.27×
Q1 25
0.20×
Q4 24
0.18×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.29×
0.27×

Cash Flow & Capital Efficiency

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

Metric
ASRT
ASRT
EP
EP
Operating Cash FlowLast quarter
$-30.0M
$-2.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
EP
EP
Q4 25
$-30.0M
$-2.8M
Q3 25
$-4.8M
$330.0K
Q2 25
$19.1M
$-3.1M
Q1 25
$-12.5M
$1.6M
Q4 24
$11.5M
$-8.8M
Q3 24
$-35.0K
$12.8M
Q2 24
$7.4M
$-1.8M
Q1 24
$7.5M
$3.9M
Capex Intensity
ASRT
ASRT
EP
EP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
ASRT
ASRT
EP
EP
Q4 25
Q3 25
-0.42×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASRT
ASRT

Products$12.8M95%
Other$719.0K5%

EP
EP

Segment breakdown not available.

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