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

BATTALION OIL CORP is the larger business by last-quarter revenue ($31.6M vs $18.9M, roughly 1.7× Electromed, Inc.). Electromed, Inc. runs the higher net margin — 14.6% vs 5.7%, a 8.9% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs -36.1%). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs -20.1%).

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.

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

BATL vs ELMD — Head-to-Head

Bigger by revenue
BATL
BATL
1.7× larger
BATL
$31.6M
$18.9M
ELMD
Growing faster (revenue YoY)
ELMD
ELMD
+52.4% gap
ELMD
16.3%
-36.1%
BATL
Higher net margin
ELMD
ELMD
8.9% more per $
ELMD
14.6%
5.7%
BATL
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
-20.1%
BATL

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
BATL
BATL
ELMD
ELMD
Revenue
$31.6M
$18.9M
Net Profit
$1.8M
$2.8M
Gross Margin
78.4%
Operating Margin
-33.8%
19.2%
Net Margin
5.7%
14.6%
Revenue YoY
-36.1%
16.3%
Net Profit YoY
108.1%
40.3%
EPS (diluted)
$-0.77
$0.32

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
ELMD
ELMD
Q4 25
$31.6M
$18.9M
Q3 25
$43.4M
$16.9M
Q2 25
$42.6M
$17.4M
Q1 25
$47.4M
$15.7M
Q4 24
$49.5M
$16.3M
Q3 24
$45.1M
$14.7M
Q2 24
$49.1M
$14.8M
Q1 24
$49.5M
$13.9M
Net Profit
BATL
BATL
ELMD
ELMD
Q4 25
$1.8M
$2.8M
Q3 25
$-735.0K
$2.1M
Q2 25
$4.8M
$2.2M
Q1 25
$6.0M
$1.9M
Q4 24
$-22.2M
$2.0M
Q3 24
$21.6M
$1.5M
Q2 24
$-105.0K
$1.8M
Q1 24
$-31.2M
$1.5M
Gross Margin
BATL
BATL
ELMD
ELMD
Q4 25
78.4%
Q3 25
78.1%
Q2 25
78.3%
Q1 25
78.0%
Q4 24
77.7%
Q3 24
78.3%
Q2 24
76.2%
Q1 24
74.8%
Operating Margin
BATL
BATL
ELMD
ELMD
Q4 25
-33.8%
19.2%
Q3 25
1.9%
15.8%
Q2 25
-0.4%
17.5%
Q1 25
7.2%
13.6%
Q4 24
-36.2%
15.6%
Q3 24
2.3%
13.2%
Q2 24
10.4%
15.7%
Q1 24
0.0%
13.3%
Net Margin
BATL
BATL
ELMD
ELMD
Q4 25
5.7%
14.6%
Q3 25
-1.7%
12.6%
Q2 25
11.3%
12.7%
Q1 25
12.7%
12.1%
Q4 24
-44.9%
12.1%
Q3 24
48.0%
10.0%
Q2 24
-0.2%
12.3%
Q1 24
-63.0%
10.8%
EPS (diluted)
BATL
BATL
ELMD
ELMD
Q4 25
$-0.77
$0.32
Q3 25
$-0.91
$0.25
Q2 25
$-0.21
$0.26
Q1 25
$-0.35
$0.21
Q4 24
$-1.47
$0.22
Q3 24
$0.34
$0.16
Q2 24
$-0.53
$0.20
Q1 24
$-2.24
$0.17

Balance Sheet & Financial Strength

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

Metric
BATL
BATL
ELMD
ELMD
Cash + ST InvestmentsLiquidity on hand
$28.0M
$13.8M
Total DebtLower is stronger
$208.1M
Stockholders' EquityBook value
$-32.8M
$45.4M
Total Assets
$460.7M
$54.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATL
BATL
ELMD
ELMD
Q4 25
$28.0M
$13.8M
Q3 25
$50.5M
$14.1M
Q2 25
$44.6M
$15.3M
Q1 25
$73.6M
$15.2M
Q4 24
$19.7M
$16.2M
Q3 24
$29.8M
$13.9M
Q2 24
$54.4M
$16.1M
Q1 24
$48.9M
$11.7M
Total Debt
BATL
BATL
ELMD
ELMD
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
ELMD
ELMD
Q4 25
$-32.8M
$45.4M
Q3 25
$-20.3M
$44.7M
Q2 25
$-5.2M
$43.2M
Q1 25
$-1.8M
$43.9M
Q4 24
$4.1M
$43.6M
Q3 24
$35.0M
$41.5M
Q2 24
$22.7M
$44.5M
Q1 24
$31.3M
$42.5M
Total Assets
BATL
BATL
ELMD
ELMD
Q4 25
$460.7M
$54.9M
Q3 25
$491.7M
$53.6M
Q2 25
$498.8M
$53.8M
Q1 25
$506.2M
$52.5M
Q4 24
$431.0M
$52.3M
Q3 24
$458.0M
$48.9M
Q2 24
$487.3M
$52.2M
Q1 24
$488.6M
$48.9M
Debt / Equity
BATL
BATL
ELMD
ELMD
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
ELMD
ELMD
Operating Cash FlowLast quarter
$-11.8M
$3.0M
Free Cash FlowOCF − Capex
$2.4M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
-6.58×
1.10×
TTM Free Cash FlowTrailing 4 quarters
$7.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATL
BATL
ELMD
ELMD
Q4 25
$-11.8M
$3.0M
Q3 25
$28.0M
$169.0K
Q2 25
$10.2M
$3.9M
Q1 25
$12.7M
$2.1M
Q4 24
$6.7M
$3.2M
Q3 24
$-5.1M
$2.3M
Q2 24
$29.8M
$4.5M
Q1 24
$3.9M
$1.4M
Free Cash Flow
BATL
BATL
ELMD
ELMD
Q4 25
$2.4M
Q3 25
$-83.0K
Q2 25
$3.7M
Q1 25
$1.9M
Q4 24
$2.9M
Q3 24
$2.3M
Q2 24
$4.5M
Q1 24
$1.3M
FCF Margin
BATL
BATL
ELMD
ELMD
Q4 25
12.7%
Q3 25
-0.5%
Q2 25
21.4%
Q1 25
12.2%
Q4 24
18.0%
Q3 24
15.5%
Q2 24
30.1%
Q1 24
9.1%
Capex Intensity
BATL
BATL
ELMD
ELMD
Q4 25
3.4%
Q3 25
1.5%
Q2 25
0.8%
Q1 25
1.0%
Q4 24
1.4%
Q3 24
0.3%
Q2 24
0.1%
Q1 24
0.6%
Cash Conversion
BATL
BATL
ELMD
ELMD
Q4 25
-6.58×
1.10×
Q3 25
0.08×
Q2 25
2.13×
1.75×
Q1 25
2.11×
1.10×
Q4 24
1.60×
Q3 24
-0.23×
1.57×
Q2 24
2.46×
Q1 24
0.90×

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%

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

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