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Side-by-side financial comparison of Aether Holdings, Inc. (ATHR) and Trio Petroleum Corp (TPET). Click either name above to swap in a different company.

Aether Holdings, Inc. is the larger business by last-quarter revenue ($338.8K vs $172.2K, roughly 2.0× Trio Petroleum Corp). Aether Holdings, Inc. runs the higher net margin — -382.9% vs -1576.9%, a 1194.0% gap on every dollar of revenue.

Aether Industries Limited is an Indian chemical manufacturing company based in Surat, Gujarat. The company specializes in producing advanced intermediates and specialty chemicals for various industries, including pharmaceuticals, agrochemicals, material sciences, and oil and gas.

The China National Petroleum Corporation is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth in 2022 Fortune Global 500, a global ranking of the largest corporations by revenue.

ATHR vs TPET — Head-to-Head

Bigger by revenue
ATHR
ATHR
2.0× larger
ATHR
$338.8K
$172.2K
TPET
Higher net margin
ATHR
ATHR
1194.0% more per $
ATHR
-382.9%
-1576.9%
TPET

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ATHR
ATHR
TPET
TPET
Revenue
$338.8K
$172.2K
Net Profit
$-1.3M
$-2.7M
Gross Margin
80.4%
60.5%
Operating Margin
-382.9%
-1458.1%
Net Margin
-382.9%
-1576.9%
Revenue YoY
-0.9%
Net Profit YoY
-232.5%
-59.7%
EPS (diluted)
$-0.11
$-0.08

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
ATHR
ATHR
TPET
TPET
Q4 25
$338.8K
$172.2K
Q3 25
$192.4K
Q2 25
$342.4K
Q1 25
$341.9K
Q3 24
$63.1K
Q2 24
$72.9K
Net Profit
ATHR
ATHR
TPET
TPET
Q4 25
$-1.3M
$-2.7M
Q3 25
$-1.4M
Q2 25
$-1.0M
Q1 25
$-427.4K
Q3 24
$-2.2M
Q2 24
$-4.0M
Gross Margin
ATHR
ATHR
TPET
TPET
Q4 25
80.4%
60.5%
Q3 25
48.8%
Q2 25
69.9%
Q1 25
67.9%
Q3 24
100.0%
Q2 24
100.0%
Operating Margin
ATHR
ATHR
TPET
TPET
Q4 25
-382.9%
-1458.1%
Q3 25
-350.9%
Q2 25
-293.7%
Q1 25
-112.6%
Q3 24
-2395.2%
Q2 24
-2672.1%
Net Margin
ATHR
ATHR
TPET
TPET
Q4 25
-382.9%
-1576.9%
Q3 25
-720.8%
Q2 25
-293.7%
Q1 25
-125.0%
Q3 24
-3455.2%
Q2 24
-5548.2%
EPS (diluted)
ATHR
ATHR
TPET
TPET
Q4 25
$-0.11
$-0.08
Q3 25
$-0.17
Q2 25
$-0.08
Q1 25
$-0.04
Q3 24
$-0.87
Q2 24
$-1.98

Balance Sheet & Financial Strength

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

Metric
ATHR
ATHR
TPET
TPET
Cash + ST InvestmentsLiquidity on hand
$263.3K
Total DebtLower is stronger
Stockholders' EquityBook value
$3.4M
$11.3M
Total Assets
$4.0M
$13.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATHR
ATHR
TPET
TPET
Q4 25
$263.3K
Q3 25
Q2 25
$187.4K
Q1 25
$179.2K
Q3 24
Q2 24
Stockholders' Equity
ATHR
ATHR
TPET
TPET
Q4 25
$3.4M
$11.3M
Q3 25
$11.4M
Q2 25
$5.9M
Q1 25
$-596.3K
Q3 24
$8.1M
Q2 24
$9.7M
Total Assets
ATHR
ATHR
TPET
TPET
Q4 25
$4.0M
$13.2M
Q3 25
$13.0M
Q2 25
$6.5M
Q1 25
$367.8K
Q3 24
$11.7M
Q2 24
$11.8M

Cash Flow & Capital Efficiency

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

Metric
ATHR
ATHR
TPET
TPET
Operating Cash FlowLast quarter
$-1.0M
$-588.9K
Free Cash FlowOCF − Capex
$-2.2M
FCF MarginFCF / Revenue
-642.5%
Capex IntensityCapex / Revenue
344.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATHR
ATHR
TPET
TPET
Q4 25
$-1.0M
$-588.9K
Q3 25
$-355.4K
Q2 25
$-2.0M
Q1 25
Q3 24
$-563.9K
Q2 24
$1.5M
Free Cash Flow
ATHR
ATHR
TPET
TPET
Q4 25
$-2.2M
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
FCF Margin
ATHR
ATHR
TPET
TPET
Q4 25
-642.5%
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24
Capex Intensity
ATHR
ATHR
TPET
TPET
Q4 25
344.9%
Q3 25
Q2 25
Q1 25
Q3 24
Q2 24

Financial Flow Comparison

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

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