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Side-by-side financial comparison of BATTALION OIL CORP (BATL) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $31.6M, roughly 1.6× BATTALION OIL CORP). BATTALION OIL CORP runs the higher net margin — 5.7% vs -2.1%, a 7.8% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs -36.1%).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

BATL vs QIPT — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.6× larger
QIPT
$49.0M
$31.6M
BATL
Growing faster (revenue YoY)
QIPT
QIPT
+68.4% gap
QIPT
32.3%
-36.1%
BATL
Higher net margin
BATL
BATL
7.8% more per $
BATL
5.7%
-2.1%
QIPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BATL
BATL
QIPT
QIPT
Revenue
$31.6M
$49.0M
Net Profit
$1.8M
$-1.1M
Gross Margin
53.5%
Operating Margin
-33.8%
2.1%
Net Margin
5.7%
-2.1%
Revenue YoY
-36.1%
32.3%
Net Profit YoY
108.1%
2.9%
EPS (diluted)
$-0.77
$-0.02

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
QIPT
QIPT
Q4 25
$31.6M
$49.0M
Q3 25
$43.4M
$39.8M
Q2 25
$42.6M
$35.1M
Q1 25
$47.4M
$33.3M
Q4 24
$49.5M
$37.1M
Q3 24
$45.1M
Q2 24
$49.1M
Q1 24
$49.5M
Net Profit
BATL
BATL
QIPT
QIPT
Q4 25
$1.8M
$-1.1M
Q3 25
$-735.0K
$-3.5M
Q2 25
$4.8M
$-3.0M
Q1 25
$6.0M
$-3.0M
Q4 24
$-22.2M
$-1.1M
Q3 24
$21.6M
Q2 24
$-105.0K
Q1 24
$-31.2M
Gross Margin
BATL
BATL
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Q1 24
Operating Margin
BATL
BATL
QIPT
QIPT
Q4 25
-33.8%
2.1%
Q3 25
1.9%
-3.6%
Q2 25
-0.4%
-5.2%
Q1 25
7.2%
-3.0%
Q4 24
-36.2%
1.2%
Q3 24
2.3%
Q2 24
10.4%
Q1 24
0.0%
Net Margin
BATL
BATL
QIPT
QIPT
Q4 25
5.7%
-2.1%
Q3 25
-1.7%
-8.9%
Q2 25
11.3%
-8.6%
Q1 25
12.7%
-9.1%
Q4 24
-44.9%
-2.9%
Q3 24
48.0%
Q2 24
-0.2%
Q1 24
-63.0%
EPS (diluted)
BATL
BATL
QIPT
QIPT
Q4 25
$-0.77
$-0.02
Q3 25
$-0.91
$-0.07
Q2 25
$-0.21
$-0.07
Q1 25
$-0.35
$-0.07
Q4 24
$-1.47
$-0.03
Q3 24
$0.34
Q2 24
$-0.53
Q1 24
$-2.24

Balance Sheet & Financial Strength

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

Metric
BATL
BATL
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$28.0M
$10.5M
Total DebtLower is stronger
$208.1M
$84.0M
Stockholders' EquityBook value
$-32.8M
$113.0M
Total Assets
$460.7M
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BATL
BATL
QIPT
QIPT
Q4 25
$28.0M
$10.5M
Q3 25
$50.5M
$12.9M
Q2 25
$44.6M
$11.3M
Q1 25
$73.6M
$17.1M
Q4 24
$19.7M
$15.5M
Q3 24
$29.8M
Q2 24
$54.4M
Q1 24
$48.9M
Total Debt
BATL
BATL
QIPT
QIPT
Q4 25
$208.1M
$84.0M
Q3 25
$213.8M
$87.6M
Q2 25
$219.4M
$66.0M
Q1 25
$225.1M
$71.5M
Q4 24
$162.1M
$70.6M
Q3 24
$147.8M
Q2 24
$160.4M
Q1 24
$190.2M
Stockholders' Equity
BATL
BATL
QIPT
QIPT
Q4 25
$-32.8M
$113.0M
Q3 25
$-20.3M
$112.1M
Q2 25
$-5.2M
$102.5M
Q1 25
$-1.8M
$103.6M
Q4 24
$4.1M
$106.3M
Q3 24
$35.0M
Q2 24
$22.7M
Q1 24
$31.3M
Total Assets
BATL
BATL
QIPT
QIPT
Q4 25
$460.7M
$280.7M
Q3 25
$491.7M
$283.3M
Q2 25
$498.8M
$236.1M
Q1 25
$506.2M
$244.6M
Q4 24
$431.0M
$242.8M
Q3 24
$458.0M
Q2 24
$487.3M
Q1 24
$488.6M
Debt / Equity
BATL
BATL
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
39.35×
0.66×
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
QIPT
QIPT
Operating Cash FlowLast quarter
$-11.8M
$8.9M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
14.0%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
-6.58×
TTM Free Cash FlowTrailing 4 quarters
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BATL
BATL
QIPT
QIPT
Q4 25
$-11.8M
$8.9M
Q3 25
$28.0M
$9.8M
Q2 25
$10.2M
$9.7M
Q1 25
$12.7M
$8.9M
Q4 24
$6.7M
$9.3M
Q3 24
$-5.1M
Q2 24
$29.8M
Q1 24
$3.9M
Free Cash Flow
BATL
BATL
QIPT
QIPT
Q4 25
$6.9M
Q3 25
$8.0M
Q2 25
$4.4M
Q1 25
$7.3M
Q4 24
$5.6M
Q3 24
Q2 24
Q1 24
FCF Margin
BATL
BATL
QIPT
QIPT
Q4 25
14.0%
Q3 25
20.0%
Q2 25
12.6%
Q1 25
22.0%
Q4 24
15.2%
Q3 24
Q2 24
Q1 24
Capex Intensity
BATL
BATL
QIPT
QIPT
Q4 25
4.2%
Q3 25
4.6%
Q2 25
14.9%
Q1 25
4.8%
Q4 24
9.9%
Q3 24
Q2 24
Q1 24
Cash Conversion
BATL
BATL
QIPT
QIPT
Q4 25
-6.58×
Q3 25
Q2 25
2.13×
Q1 25
2.11×
Q4 24
Q3 24
-0.23×
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%

QIPT
QIPT

Segment breakdown not available.

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