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Side-by-side financial comparison of BATTALION OIL CORP (BATL) and MANNATECH INC (MTEX). Click either name above to swap in a different company.

BATTALION OIL CORP is the larger business by last-quarter revenue ($31.6M vs $29.2M, roughly 1.1× MANNATECH INC). MANNATECH INC runs the higher net margin — 6.6% vs 5.7%, a 0.9% gap on every dollar of revenue. On growth, MANNATECH INC posted the faster year-over-year revenue change (-8.1% vs -36.1%). Over the past eight quarters, MANNATECH INC's revenue compounded faster (-5.4% 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.

Mannatech Inc. is a publicly traded, multinational multi-level marketing firm that sells dietary supplements and personal care products. It was founded in November 1993 by Samuel Caster, and is headquartered in Flower Mound, Texas. The company's stock is traded on the NASDAQ exchange under the symbol MTEX. As of 2017, Mannatech employed 252 people and sold its products through some 220,000 independent sales associates.

BATL vs MTEX — Head-to-Head

Bigger by revenue
BATL
BATL
1.1× larger
BATL
$31.6M
$29.2M
MTEX
Growing faster (revenue YoY)
MTEX
MTEX
+28.0% gap
MTEX
-8.1%
-36.1%
BATL
Higher net margin
MTEX
MTEX
0.9% more per $
MTEX
6.6%
5.7%
BATL
Faster 2-yr revenue CAGR
MTEX
MTEX
Annualised
MTEX
-5.4%
-20.1%
BATL

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BATL
BATL
MTEX
MTEX
Revenue
$31.6M
$29.2M
Net Profit
$1.8M
$1.9M
Gross Margin
76.4%
Operating Margin
-33.8%
6.9%
Net Margin
5.7%
6.6%
Revenue YoY
-36.1%
-8.1%
Net Profit YoY
108.1%
686.6%
EPS (diluted)
$-0.77
$1.01

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
MTEX
MTEX
Q4 25
$31.6M
Q3 25
$43.4M
$29.2M
Q2 25
$42.6M
Q1 25
$47.4M
$26.6M
Q4 24
$49.5M
$29.0M
Q3 24
$45.1M
$31.7M
Q2 24
$49.1M
$27.7M
Q1 24
$49.5M
$29.4M
Net Profit
BATL
BATL
MTEX
MTEX
Q4 25
$1.8M
Q3 25
$-735.0K
$1.9M
Q2 25
$4.8M
Q1 25
$6.0M
$-1.5M
Q4 24
$-22.2M
$2.3M
Q3 24
$21.6M
$-328.0K
Q2 24
$-105.0K
$-624.0K
Q1 24
$-31.2M
$1.2M
Gross Margin
BATL
BATL
MTEX
MTEX
Q4 25
Q3 25
76.4%
Q2 25
Q1 25
74.3%
Q4 24
80.6%
Q3 24
74.5%
Q2 24
77.1%
Q1 24
78.6%
Operating Margin
BATL
BATL
MTEX
MTEX
Q4 25
-33.8%
Q3 25
1.9%
6.9%
Q2 25
-0.4%
Q1 25
7.2%
-3.1%
Q4 24
-36.2%
3.0%
Q3 24
2.3%
2.8%
Q2 24
10.4%
-4.1%
Q1 24
0.0%
2.8%
Net Margin
BATL
BATL
MTEX
MTEX
Q4 25
5.7%
Q3 25
-1.7%
6.6%
Q2 25
11.3%
Q1 25
12.7%
-5.8%
Q4 24
-44.9%
7.8%
Q3 24
48.0%
-1.0%
Q2 24
-0.2%
-2.2%
Q1 24
-63.0%
4.0%
EPS (diluted)
BATL
BATL
MTEX
MTEX
Q4 25
$-0.77
Q3 25
$-0.91
$1.01
Q2 25
$-0.21
Q1 25
$-0.35
$-0.80
Q4 24
$-1.47
$1.19
Q3 24
$0.34
$-0.17
Q2 24
$-0.53
$-0.33
Q1 24
$-2.24
$0.63

Balance Sheet & Financial Strength

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

Metric
BATL
BATL
MTEX
MTEX
Cash + ST InvestmentsLiquidity on hand
$28.0M
$7.1M
Total DebtLower is stronger
$208.1M
$2.9M
Stockholders' EquityBook value
$-32.8M
$7.0M
Total Assets
$460.7M
$33.9M
Debt / EquityLower = less leverage
0.42×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATL
BATL
MTEX
MTEX
Q4 25
$28.0M
Q3 25
$50.5M
$7.1M
Q2 25
$44.6M
Q1 25
$73.6M
$9.3M
Q4 24
$19.7M
$11.4M
Q3 24
$29.8M
$12.2M
Q2 24
$54.4M
$9.2M
Q1 24
$48.9M
$7.9M
Total Debt
BATL
BATL
MTEX
MTEX
Q4 25
$208.1M
Q3 25
$213.8M
$2.9M
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
MTEX
MTEX
Q4 25
$-32.8M
Q3 25
$-20.3M
$7.0M
Q2 25
$-5.2M
Q1 25
$-1.8M
$7.6M
Q4 24
$4.1M
$8.6M
Q3 24
$35.0M
$10.0M
Q2 24
$22.7M
$8.2M
Q1 24
$31.3M
$10.4M
Total Assets
BATL
BATL
MTEX
MTEX
Q4 25
$460.7M
Q3 25
$491.7M
$33.9M
Q2 25
$498.8M
Q1 25
$506.2M
$36.7M
Q4 24
$431.0M
$36.1M
Q3 24
$458.0M
$40.6M
Q2 24
$487.3M
$39.9M
Q1 24
$488.6M
$41.1M
Debt / Equity
BATL
BATL
MTEX
MTEX
Q4 25
Q3 25
0.42×
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
MTEX
MTEX
Operating Cash FlowLast quarter
$-11.8M
$-1.3M
Free Cash FlowOCF − Capex
$-2.0M
FCF MarginFCF / Revenue
-6.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
-6.58×
-0.68×
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATL
BATL
MTEX
MTEX
Q4 25
$-11.8M
Q3 25
$28.0M
$-1.3M
Q2 25
$10.2M
Q1 25
$12.7M
$-1.4M
Q4 24
$6.7M
$-219.0K
Q3 24
$-5.1M
$3.3M
Q2 24
$29.8M
$-2.7M
Q1 24
$3.9M
$1.9M
Free Cash Flow
BATL
BATL
MTEX
MTEX
Q4 25
Q3 25
$-2.0M
Q2 25
Q1 25
$-1.9M
Q4 24
$-325.0K
Q3 24
$3.0M
Q2 24
$-2.7M
Q1 24
$1.8M
FCF Margin
BATL
BATL
MTEX
MTEX
Q4 25
Q3 25
-6.8%
Q2 25
Q1 25
-7.0%
Q4 24
-1.1%
Q3 24
9.5%
Q2 24
-9.9%
Q1 24
6.2%
Capex Intensity
BATL
BATL
MTEX
MTEX
Q4 25
Q3 25
2.4%
Q2 25
Q1 25
1.8%
Q4 24
0.4%
Q3 24
0.8%
Q2 24
0.3%
Q1 24
0.2%
Cash Conversion
BATL
BATL
MTEX
MTEX
Q4 25
-6.58×
Q3 25
-0.68×
Q2 25
2.13×
Q1 25
2.11×
Q4 24
-0.10×
Q3 24
-0.23×
Q2 24
Q1 24
1.59×

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%

MTEX
MTEX

Segment breakdown not available.

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