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Side-by-side financial comparison of BayFirst Financial Corp. (BAFN) and Stabilis Solutions, Inc. (SLNG). Click either name above to swap in a different company.

Stabilis Solutions, Inc. is the larger business by last-quarter revenue ($13.3M vs $10.3M, roughly 1.3× BayFirst Financial Corp.). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -55.0%, a 53.0% gap on every dollar of revenue. Over the past eight quarters, Stabilis Solutions, Inc.'s revenue compounded faster (-18.1% CAGR vs -29.6%).

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.

BAFN vs SLNG — Head-to-Head

Bigger by revenue
SLNG
SLNG
1.3× larger
SLNG
$13.3M
$10.3M
BAFN
Higher net margin
SLNG
SLNG
53.0% more per $
SLNG
-2.0%
-55.0%
BAFN
Faster 2-yr revenue CAGR
SLNG
SLNG
Annualised
SLNG
-18.1%
-29.6%
BAFN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAFN
BAFN
SLNG
SLNG
Revenue
$10.3M
$13.3M
Net Profit
$-5.7M
$-262.0K
Gross Margin
24.7%
Operating Margin
-2.4%
Net Margin
-55.0%
-2.0%
Revenue YoY
-23.3%
Net Profit YoY
-130.6%
-112.4%
EPS (diluted)
$-1.48

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
BAFN
BAFN
SLNG
SLNG
Q1 26
$10.3M
Q4 25
$11.2M
$13.3M
Q3 25
$10.2M
$20.3M
Q2 25
$23.1M
$17.3M
Q1 25
$19.8M
$17.3M
Q4 24
$32.9M
$17.3M
Q3 24
$21.7M
$17.6M
Q2 24
$20.8M
$18.6M
Net Profit
BAFN
BAFN
SLNG
SLNG
Q1 26
$-5.7M
Q4 25
$-2.5M
$-262.0K
Q3 25
$-18.9M
$1.1M
Q2 25
$-1.2M
$-613.0K
Q1 25
$-335.0K
$-1.6M
Q4 24
$9.8M
$2.1M
Q3 24
$1.1M
$997.0K
Q2 24
$866.0K
$27.0K
Gross Margin
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
24.7%
Q3 25
27.6%
Q2 25
26.5%
Q1 25
26.2%
Q4 24
28.5%
Q3 24
28.3%
Q2 24
27.1%
Operating Margin
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
-25.3%
-2.4%
Q3 25
-253.0%
5.5%
Q2 25
-7.1%
-2.4%
Q1 25
-2.3%
-9.7%
Q4 24
12.8%
Q3 24
7.1%
5.0%
Q2 24
5.9%
2.4%
Net Margin
BAFN
BAFN
SLNG
SLNG
Q1 26
-55.0%
Q4 25
-22.1%
-2.0%
Q3 25
-184.7%
5.5%
Q2 25
-5.3%
-3.5%
Q1 25
-1.7%
-9.2%
Q4 24
91.8%
12.2%
Q3 24
5.2%
5.7%
Q2 24
4.2%
0.1%
EPS (diluted)
BAFN
BAFN
SLNG
SLNG
Q1 26
$-1.48
Q4 25
$-0.71
Q3 25
$-4.66
$0.06
Q2 25
$-0.39
$-0.03
Q1 25
$-0.17
$-0.09
Q4 24
$2.21
$0.12
Q3 24
$0.18
$0.05
Q2 24
$0.12
$0.00

Balance Sheet & Financial Strength

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

Metric
BAFN
BAFN
SLNG
SLNG
Cash + ST InvestmentsLiquidity on hand
$134.5M
$7.5M
Total DebtLower is stronger
$7.9M
Stockholders' EquityBook value
$81.9M
$66.7M
Total Assets
$1.2B
$83.1M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAFN
BAFN
SLNG
SLNG
Q1 26
$134.5M
Q4 25
$207.0M
$7.5M
Q3 25
$118.5M
$10.3M
Q2 25
$77.3M
$12.2M
Q1 25
$63.2M
$9.0M
Q4 24
$77.8M
$9.0M
Q3 24
$64.4M
$12.4M
Q2 24
$60.8M
$11.5M
Total Debt
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
$7.9M
Q3 25
$8.3M
Q2 25
$7.6M
Q1 25
$8.3M
Q4 24
$8.9M
Q3 24
$9.3M
Q2 24
$8.6M
Stockholders' Equity
BAFN
BAFN
SLNG
SLNG
Q1 26
$81.9M
Q4 25
$87.6M
$66.7M
Q3 25
$89.7M
$66.7M
Q2 25
$108.2M
$65.5M
Q1 25
$110.1M
$65.9M
Q4 24
$110.9M
$67.0M
Q3 24
$102.3M
$65.4M
Q2 24
$101.0M
$63.7M
Total Assets
BAFN
BAFN
SLNG
SLNG
Q1 26
$1.2B
Q4 25
$1.3B
$83.1M
Q3 25
$1.3B
$87.1M
Q2 25
$1.3B
$83.2M
Q1 25
$1.3B
$83.1M
Q4 24
$1.3B
$85.6M
Q3 24
$1.2B
$89.3M
Q2 24
$1.2B
$82.6M
Debt / Equity
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
0.12×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.13×
Q4 24
0.13×
Q3 24
0.14×
Q2 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
BAFN
BAFN
SLNG
SLNG
Operating Cash FlowLast quarter
$669.0K
Free Cash FlowOCF − Capex
$-2.5M
FCF MarginFCF / Revenue
-18.6%
Capex IntensityCapex / Revenue
23.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$462.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
$285.3M
$669.0K
Q3 25
$47.3M
$2.4M
Q2 25
$63.3M
$4.5M
Q1 25
$74.2M
$1.0M
Q4 24
$390.5M
$2.2M
Q3 24
$90.8M
$2.6M
Q2 24
$78.8M
$5.0M
Free Cash Flow
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
$285.0M
$-2.5M
Q3 25
$47.3M
$-1.5M
Q2 25
$63.1M
$3.9M
Q1 25
$74.1M
$538.0K
Q4 24
$388.8M
$-3.4M
Q3 24
$90.5M
$1.2M
Q2 24
$78.4M
$3.7M
FCF Margin
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
2554.2%
-18.6%
Q3 25
462.2%
-7.3%
Q2 25
272.7%
22.4%
Q1 25
375.1%
3.1%
Q4 24
1180.9%
-19.7%
Q3 24
416.5%
7.1%
Q2 24
376.1%
19.7%
Capex Intensity
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
2.7%
23.7%
Q3 25
0.1%
19.1%
Q2 25
0.8%
3.7%
Q1 25
0.4%
2.8%
Q4 24
5.1%
32.3%
Q3 24
1.5%
7.4%
Q2 24
1.9%
7.4%
Cash Conversion
BAFN
BAFN
SLNG
SLNG
Q1 26
Q4 25
Q3 25
2.14×
Q2 25
Q1 25
Q4 24
39.95×
1.03×
Q3 24
79.85×
2.56×
Q2 24
90.94×
186.59×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BAFN
BAFN

Net Interest Income$9.4M91%
Noninterest Income$884.0K9%

SLNG
SLNG

Natural Gas Gathering Transportation Marketing And Processing$11.1M84%
Other$1.3M10%
Services$897.0K7%

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