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Side-by-side financial comparison of Aterian, Inc. (ATER) and EVOLUTION PETROLEUM CORP (EPM). Click either name above to swap in a different company.
EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $15.1M, roughly 1.4× Aterian, Inc.). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs -52.5%, a 57.7% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -38.5%). Over the past eight quarters, EVOLUTION PETROLEUM CORP's revenue compounded faster (-5.2% CAGR vs -13.5%).
Aterian, Inc. is a technology-enabled consumer products company that leverages artificial intelligence and data analytics to identify market demand, develop, source and distribute a wide portfolio of affordable goods spanning home improvement, wellness, personal care, pet supplies and outdoor recreation. It primarily sells its products through leading global e-commerce platforms, with core markets covering North America and Europe.
ATER vs EPM — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $15.1M | $20.7M |
| Net Profit | $-7.9M | $1.1M |
| Gross Margin | 56.1% | 44.3% |
| Operating Margin | -51.1% | 3.2% |
| Net Margin | -52.5% | 5.2% |
| Revenue YoY | -38.5% | 2.0% |
| Net Profit YoY | -512.2% | 158.4% |
| EPS (diluted) | — | $0.03 |
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.
| Q4 25 | $15.1M | $20.7M | ||
| Q3 25 | $19.0M | $21.3M | ||
| Q2 25 | $19.5M | $21.1M | ||
| Q1 25 | $15.4M | $22.6M | ||
| Q4 24 | $24.6M | $20.3M | ||
| Q3 24 | $26.2M | $21.9M | ||
| Q2 24 | $28.0M | $21.2M | ||
| Q1 24 | $20.2M | $23.0M |
| Q4 25 | $-7.9M | $1.1M | ||
| Q3 25 | $-2.3M | $824.0K | ||
| Q2 25 | $-4.9M | $3.4M | ||
| Q1 25 | $-3.9M | $-2.2M | ||
| Q4 24 | $-1.3M | $-1.8M | ||
| Q3 24 | $-1.8M | $2.1M | ||
| Q2 24 | $-3.6M | $1.2M | ||
| Q1 24 | $-5.2M | $289.0K |
| Q4 25 | 56.1% | 44.3% | ||
| Q3 25 | 56.1% | 38.5% | ||
| Q2 25 | 54.3% | 46.1% | ||
| Q1 25 | 61.4% | 40.7% | ||
| Q4 24 | 63.4% | 36.9% | ||
| Q3 24 | 60.3% | 46.2% | ||
| Q2 24 | 60.4% | 46.3% | ||
| Q1 24 | 65.1% | 45.2% |
| Q4 25 | -51.1% | 3.2% | ||
| Q3 25 | -10.7% | -0.4% | ||
| Q2 25 | -23.1% | 6.3% | ||
| Q1 25 | -24.1% | 7.0% | ||
| Q4 24 | -6.5% | -3.0% | ||
| Q3 24 | -6.6% | 8.5% | ||
| Q2 24 | -11.5% | 11.3% | ||
| Q1 24 | -26.1% | 9.1% |
| Q4 25 | -52.5% | 5.2% | ||
| Q3 25 | -12.0% | 3.9% | ||
| Q2 25 | -25.0% | 16.2% | ||
| Q1 25 | -25.4% | -9.7% | ||
| Q4 24 | -5.3% | -9.0% | ||
| Q3 24 | -6.8% | 9.4% | ||
| Q2 24 | -13.0% | 5.8% | ||
| Q1 24 | -25.5% | 1.3% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | — | $0.02 | ||
| Q2 25 | — | $0.10 | ||
| Q1 25 | — | $-0.07 | ||
| Q4 24 | — | $-0.06 | ||
| Q3 24 | — | $0.06 | ||
| Q2 24 | — | $0.04 | ||
| Q1 24 | — | $0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.9M | $3.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $15.2M | $67.5M |
| Total Assets | $29.6M | $169.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $3.8M | ||
| Q3 25 | $7.6M | $714.0K | ||
| Q2 25 | $10.5M | $2.5M | ||
| Q1 25 | $14.3M | $5.6M | ||
| Q4 24 | $18.0M | $11.7M | ||
| Q3 24 | $16.1M | $6.9M | ||
| Q2 24 | $20.3M | $6.4M | ||
| Q1 24 | $17.5M | $3.1M |
| Q4 25 | $15.2M | $67.5M | ||
| Q3 25 | $22.6M | $69.1M | ||
| Q2 25 | $24.3M | $71.8M | ||
| Q1 25 | $27.0M | $71.7M | ||
| Q4 24 | $30.0M | $76.3M | ||
| Q3 24 | $30.6M | $79.6M | ||
| Q2 24 | $30.9M | $81.1M | ||
| Q1 24 | $33.0M | $83.5M |
| Q4 25 | $29.6M | $169.3M | ||
| Q3 25 | $40.1M | $169.1M | ||
| Q2 25 | $45.4M | $160.3M | ||
| Q1 25 | $49.8M | $156.4M | ||
| Q4 24 | $49.5M | $160.2M | ||
| Q3 24 | $52.1M | $157.9M | ||
| Q2 24 | $59.9M | $162.9M | ||
| Q1 24 | $55.7M | $166.5M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-1.0M | $5.4M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -6.9% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 5.09× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.0M | $5.4M | ||
| Q3 25 | $-1.6M | $7.8M | ||
| Q2 25 | $-4.4M | $10.5M | ||
| Q1 25 | $-3.9M | $7.3M | ||
| Q4 24 | $-9.0K | $7.7M | ||
| Q3 24 | $-722.0K | $7.6M | ||
| Q2 24 | $2.9M | $8.0M | ||
| Q1 24 | $-6.0K | $3.4M |
| Q4 25 | $-1.0M | — | ||
| Q3 25 | $-1.6M | — | ||
| Q2 25 | $-4.4M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $-42.0K | — |
| Q4 25 | -6.9% | — | ||
| Q3 25 | -8.4% | — | ||
| Q2 25 | -22.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 10.3% | — | ||
| Q1 24 | -0.2% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.2% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.2% | — |
| Q4 25 | — | 5.09× | ||
| Q3 25 | — | 9.47× | ||
| Q2 25 | — | 3.06× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.69× | ||
| Q2 24 | — | 6.47× | ||
| Q1 24 | — | 11.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ATER
| Sales Channel Directly To Consumer | $13.1M | 87% |
| Heating Cooling And Air Quality | $2.1M | 14% |
EPM
| Crude Oil | $10.7M | 52% |
| Natural Gas Reserves | $7.4M | 36% |
| Natural Gas Liquids Reserves | $2.5M | 12% |
