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Side-by-side financial comparison of Aterian, Inc. (ATER) and SUNation Energy, Inc. (SUNE). Click either name above to swap in a different company.

SUNation Energy, Inc. is the larger business by last-quarter revenue ($27.2M vs $15.1M, roughly 1.8× Aterian, Inc.). SUNation Energy, Inc. runs the higher net margin — 9.6% vs -52.5%, a 62.1% gap on every dollar of revenue. On growth, SUNation Energy, Inc. posted the faster year-over-year revenue change (77.0% vs -38.5%). Over the past eight quarters, SUNation Energy, Inc.'s revenue compounded faster (43.5% 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.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.

ATER vs SUNE — Head-to-Head

Bigger by revenue
SUNE
SUNE
1.8× larger
SUNE
$27.2M
$15.1M
ATER
Growing faster (revenue YoY)
SUNE
SUNE
+115.5% gap
SUNE
77.0%
-38.5%
ATER
Higher net margin
SUNE
SUNE
62.1% more per $
SUNE
9.6%
-52.5%
ATER
Faster 2-yr revenue CAGR
SUNE
SUNE
Annualised
SUNE
43.5%
-13.5%
ATER

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ATER
ATER
SUNE
SUNE
Revenue
$15.1M
$27.2M
Net Profit
$-7.9M
$2.6M
Gross Margin
56.1%
40.7%
Operating Margin
-51.1%
10.7%
Net Margin
-52.5%
9.6%
Revenue YoY
-38.5%
77.0%
Net Profit YoY
-512.2%
138.2%
EPS (diluted)
$105.59

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
ATER
ATER
SUNE
SUNE
Q4 25
$15.1M
$27.2M
Q3 25
$19.0M
$19.0M
Q2 25
$19.5M
$13.1M
Q1 25
$15.4M
$12.6M
Q4 24
$24.6M
$15.4M
Q3 24
$26.2M
$14.7M
Q2 24
$28.0M
$13.5M
Q1 24
$20.2M
$13.2M
Net Profit
ATER
ATER
SUNE
SUNE
Q4 25
$-7.9M
$2.6M
Q3 25
$-2.3M
$-393.0K
Q2 25
$-4.9M
$-9.6M
Q1 25
$-3.9M
$-3.5M
Q4 24
$-1.3M
$-6.8M
Q3 24
$-1.8M
$-3.3M
Q2 24
$-3.6M
$-6.9M
Q1 24
$-5.2M
$1.2M
Gross Margin
ATER
ATER
SUNE
SUNE
Q4 25
56.1%
40.7%
Q3 25
56.1%
38.0%
Q2 25
54.3%
37.0%
Q1 25
61.4%
35.1%
Q4 24
63.4%
36.4%
Q3 24
60.3%
35.6%
Q2 24
60.4%
35.4%
Q1 24
65.1%
36.4%
Operating Margin
ATER
ATER
SUNE
SUNE
Q4 25
-51.1%
10.7%
Q3 25
-10.7%
-1.3%
Q2 25
-23.1%
-16.6%
Q1 25
-24.1%
-17.2%
Q4 24
-6.5%
-42.3%
Q3 24
-6.6%
-10.9%
Q2 24
-11.5%
-15.0%
Q1 24
-26.1%
-16.5%
Net Margin
ATER
ATER
SUNE
SUNE
Q4 25
-52.5%
9.6%
Q3 25
-12.0%
-2.1%
Q2 25
-25.0%
-73.5%
Q1 25
-25.4%
-27.7%
Q4 24
-5.3%
-44.4%
Q3 24
-6.8%
-22.4%
Q2 24
-13.0%
-51.2%
Q1 24
-25.5%
9.1%
EPS (diluted)
ATER
ATER
SUNE
SUNE
Q4 25
$105.59
Q3 25
$-0.12
Q2 25
$-3.14
Q1 25
$-106.71
Q4 24
$41676.94
Q3 24
$-2350.12
Q2 24
$-11022.91
Q1 24
$-38414.84

Balance Sheet & Financial Strength

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

Metric
ATER
ATER
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$4.9M
$7.2M
Total DebtLower is stronger
$6.6M
Stockholders' EquityBook value
$15.2M
$24.3M
Total Assets
$29.6M
$48.2M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATER
ATER
SUNE
SUNE
Q4 25
$4.9M
$7.2M
Q3 25
$7.6M
$5.4M
Q2 25
$10.5M
$3.2M
Q1 25
$14.3M
$1.4M
Q4 24
$18.0M
$839.3K
Q3 24
$16.1M
$1.1M
Q2 24
$20.3M
$1.0M
Q1 24
$17.5M
$1.8M
Total Debt
ATER
ATER
SUNE
SUNE
Q4 25
$6.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ATER
ATER
SUNE
SUNE
Q4 25
$15.2M
$24.3M
Q3 25
$22.6M
$21.7M
Q2 25
$24.3M
$22.1M
Q1 25
$27.0M
$14.8M
Q4 24
$30.0M
$8.5M
Q3 24
$30.6M
$13.1M
Q2 24
$30.9M
$-10.9M
Q1 24
$33.0M
$-11.2M
Total Assets
ATER
ATER
SUNE
SUNE
Q4 25
$29.6M
$48.2M
Q3 25
$40.1M
$49.6M
Q2 25
$45.4M
$44.1M
Q1 25
$49.8M
$44.4M
Q4 24
$49.5M
$45.7M
Q3 24
$52.1M
$51.0M
Q2 24
$59.9M
$52.9M
Q1 24
$55.7M
$54.7M
Debt / Equity
ATER
ATER
SUNE
SUNE
Q4 25
0.27×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ATER
ATER
SUNE
SUNE
Operating Cash FlowLast quarter
$-1.0M
$2.1M
Free Cash FlowOCF − Capex
$-1.0M
FCF MarginFCF / Revenue
-6.9%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATER
ATER
SUNE
SUNE
Q4 25
$-1.0M
$2.1M
Q3 25
$-1.6M
$2.4M
Q2 25
$-4.4M
$-130.2K
Q1 25
$-3.9M
$-3.4M
Q4 24
$-9.0K
$-1.9M
Q3 24
$-722.0K
$-968.1K
Q2 24
$2.9M
$-776.4K
Q1 24
$-6.0K
$-2.6M
Free Cash Flow
ATER
ATER
SUNE
SUNE
Q4 25
$-1.0M
Q3 25
$-1.6M
$2.4M
Q2 25
$-4.4M
Q1 25
Q4 24
$-1.9M
Q3 24
$-980.3K
Q2 24
$2.9M
$-788.4K
Q1 24
$-42.0K
$-2.7M
FCF Margin
ATER
ATER
SUNE
SUNE
Q4 25
-6.9%
Q3 25
-8.4%
12.5%
Q2 25
-22.7%
Q1 25
Q4 24
-12.4%
Q3 24
-6.7%
Q2 24
10.3%
-5.8%
Q1 24
-0.2%
-20.1%
Capex Intensity
ATER
ATER
SUNE
SUNE
Q4 25
0.0%
Q3 25
0.2%
0.0%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.0%
0.0%
Q3 24
0.0%
0.1%
Q2 24
0.0%
0.1%
Q1 24
0.2%
0.0%
Cash Conversion
ATER
ATER
SUNE
SUNE
Q4 25
0.81×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ATER
ATER

Sales Channel Directly To Consumer$13.1M87%
Heating Cooling And Air Quality$2.1M14%

SUNE
SUNE

Transferred At Point In Time$15.1M55%
Hawaii Energy Connection$10.0M37%
Transferred Over Time$2.1M8%

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