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Side-by-side financial comparison of BATTALION OIL CORP (BATL) and Day One Biopharmaceuticals, Inc. (DAWN). Click either name above to swap in a different company.

Day One Biopharmaceuticals, Inc. is the larger business by last-quarter revenue ($39.8M vs $31.6M, roughly 1.3× BATTALION OIL CORP). BATTALION OIL CORP runs the higher net margin — 5.7% vs -49.6%, a 55.2% gap on every dollar of revenue. On growth, BATTALION OIL CORP posted the faster year-over-year revenue change (-36.1% vs -57.6%).

Battalion Oil Corp is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. It primarily operates assets in the Eagle Ford Shale region of South Texas, serving commercial and industrial clients across North American energy markets.

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

BATL vs DAWN — Head-to-Head

Bigger by revenue
DAWN
DAWN
1.3× larger
DAWN
$39.8M
$31.6M
BATL
Growing faster (revenue YoY)
BATL
BATL
+21.4% gap
BATL
-36.1%
-57.6%
DAWN
Higher net margin
BATL
BATL
55.2% more per $
BATL
5.7%
-49.6%
DAWN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BATL
BATL
DAWN
DAWN
Revenue
$31.6M
$39.8M
Net Profit
$1.8M
$-19.7M
Gross Margin
Operating Margin
-33.8%
-60.9%
Net Margin
5.7%
-49.6%
Revenue YoY
-36.1%
-57.6%
Net Profit YoY
108.1%
-153.3%
EPS (diluted)
$-0.77
$-0.19

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
BATL
BATL
DAWN
DAWN
Q4 25
$31.6M
Q3 25
$43.4M
$39.8M
Q2 25
$42.6M
$33.9M
Q1 25
$47.4M
$30.8M
Q4 24
$49.5M
Q3 24
$45.1M
$93.8M
Q2 24
$49.1M
Q1 24
$49.5M
$0
Net Profit
BATL
BATL
DAWN
DAWN
Q4 25
$1.8M
Q3 25
$-735.0K
$-19.7M
Q2 25
$4.8M
$-30.3M
Q1 25
$6.0M
$-36.0M
Q4 24
$-22.2M
Q3 24
$21.6M
$37.0M
Q2 24
$-105.0K
Q1 24
$-31.2M
$-62.4M
Operating Margin
BATL
BATL
DAWN
DAWN
Q4 25
-33.8%
Q3 25
1.9%
-60.9%
Q2 25
-0.4%
-103.1%
Q1 25
7.2%
-133.5%
Q4 24
-36.2%
Q3 24
2.3%
31.6%
Q2 24
10.4%
Q1 24
0.0%
Net Margin
BATL
BATL
DAWN
DAWN
Q4 25
5.7%
Q3 25
-1.7%
-49.6%
Q2 25
11.3%
-89.4%
Q1 25
12.7%
-117.0%
Q4 24
-44.9%
Q3 24
48.0%
39.5%
Q2 24
-0.2%
Q1 24
-63.0%
EPS (diluted)
BATL
BATL
DAWN
DAWN
Q4 25
$-0.77
Q3 25
$-0.91
$-0.19
Q2 25
$-0.21
$-0.29
Q1 25
$-0.35
$-0.35
Q4 24
$-1.47
Q3 24
$0.34
$0.38
Q2 24
$-0.53
Q1 24
$-2.24
$-0.72

Balance Sheet & Financial Strength

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

Metric
BATL
BATL
DAWN
DAWN
Cash + ST InvestmentsLiquidity on hand
$28.0M
$451.6M
Total DebtLower is stronger
$208.1M
Stockholders' EquityBook value
$-32.8M
$450.9M
Total Assets
$460.7M
$513.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATL
BATL
DAWN
DAWN
Q4 25
$28.0M
Q3 25
$50.5M
$451.6M
Q2 25
$44.6M
$453.1M
Q1 25
$73.6M
$473.0M
Q4 24
$19.7M
Q3 24
$29.8M
$558.4M
Q2 24
$54.4M
Q1 24
$48.9M
$317.9M
Total Debt
BATL
BATL
DAWN
DAWN
Q4 25
$208.1M
Q3 25
$213.8M
Q2 25
$219.4M
Q1 25
$225.1M
Q4 24
$162.1M
Q3 24
$147.8M
Q2 24
$160.4M
Q1 24
$190.2M
Stockholders' Equity
BATL
BATL
DAWN
DAWN
Q4 25
$-32.8M
Q3 25
$-20.3M
$450.9M
Q2 25
$-5.2M
$460.8M
Q1 25
$-1.8M
$479.5M
Q4 24
$4.1M
Q3 24
$35.0M
$555.5M
Q2 24
$22.7M
Q1 24
$31.3M
$296.8M
Total Assets
BATL
BATL
DAWN
DAWN
Q4 25
$460.7M
Q3 25
$491.7M
$513.8M
Q2 25
$498.8M
$519.0M
Q1 25
$506.2M
$534.4M
Q4 24
$431.0M
Q3 24
$458.0M
$600.8M
Q2 24
$487.3M
Q1 24
$488.6M
$326.6M
Debt / Equity
BATL
BATL
DAWN
DAWN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
39.35×
Q3 24
4.23×
Q2 24
7.07×
Q1 24
6.07×

Cash Flow & Capital Efficiency

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

Metric
BATL
BATL
DAWN
DAWN
Operating Cash FlowLast quarter
$-11.8M
$-5.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-6.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATL
BATL
DAWN
DAWN
Q4 25
$-11.8M
Q3 25
$28.0M
$-5.8M
Q2 25
$10.2M
$-24.8M
Q1 25
$12.7M
$-59.0M
Q4 24
$6.7M
Q3 24
$-5.1M
$50.8M
Q2 24
$29.8M
Q1 24
$3.9M
$-49.7M
Free Cash Flow
BATL
BATL
DAWN
DAWN
Q4 25
Q3 25
Q2 25
$-24.8M
Q1 25
$-59.3M
Q4 24
Q3 24
$50.0M
Q2 24
Q1 24
FCF Margin
BATL
BATL
DAWN
DAWN
Q4 25
Q3 25
Q2 25
-73.2%
Q1 25
-192.8%
Q4 24
Q3 24
53.4%
Q2 24
Q1 24
Capex Intensity
BATL
BATL
DAWN
DAWN
Q4 25
Q3 25
0.0%
Q2 25
0.0%
Q1 25
1.0%
Q4 24
Q3 24
0.8%
Q2 24
Q1 24
Cash Conversion
BATL
BATL
DAWN
DAWN
Q4 25
-6.58×
Q3 25
Q2 25
2.13×
Q1 25
2.11×
Q4 24
Q3 24
-0.23×
1.37×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

BATL
BATL

Oil$28.6M91%
Natural Gas Liquids Reserves$3.9M12%

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

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