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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and ENERPAC TOOL GROUP CORP (EPAC). Click either name above to swap in a different company.

ENERPAC TOOL GROUP CORP is the larger business by last-quarter revenue ($144.2M vs $83.5M, roughly 1.7× BillionToOne, Inc.). ENERPAC TOOL GROUP CORP runs the higher net margin — 13.3% vs 6.8%, a 6.4% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs -0.7%). ENERPAC TOOL GROUP CORP produced more free cash flow last quarter ($13.3M vs $6.5M).

BillionToOne, Inc. is a life sciences and molecular diagnostics firm developing high-precision genetic testing solutions. Its core offerings include non-invasive prenatal tests, oncology diagnostics, and rare disease screening, serving clinical providers and patients mainly in North America.

Enerpac Tool Group Corp., formerly Actuant Corporation, was founded in 1910 and is headquartered in Menomonee Falls, Wisconsin. Enerpac Tool Group common stock trades on the NYSE under the symbol EPAC.

BLLN vs EPAC — Head-to-Head

Bigger by revenue
EPAC
EPAC
1.7× larger
EPAC
$144.2M
$83.5M
BLLN
Growing faster (revenue YoY)
BLLN
BLLN
+118.1% gap
BLLN
117.4%
-0.7%
EPAC
Higher net margin
EPAC
EPAC
6.4% more per $
EPAC
13.3%
6.8%
BLLN
More free cash flow
EPAC
EPAC
$6.8M more FCF
EPAC
$13.3M
$6.5M
BLLN

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
BLLN
BLLN
EPAC
EPAC
Revenue
$83.5M
$144.2M
Net Profit
$5.7M
$19.1M
Gross Margin
69.9%
50.7%
Operating Margin
11.5%
19.8%
Net Margin
6.8%
13.3%
Revenue YoY
117.4%
-0.7%
Net Profit YoY
138.3%
-11.9%
EPS (diluted)
$0.10
$0.36

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
BLLN
BLLN
EPAC
EPAC
Q4 25
$144.2M
Q3 25
$83.5M
$167.5M
Q2 25
$158.7M
Q1 25
$145.5M
Q4 24
$145.2M
Q3 24
$38.4M
$158.7M
Q2 24
$150.4M
Q1 24
$138.4M
Net Profit
BLLN
BLLN
EPAC
EPAC
Q4 25
$19.1M
Q3 25
$5.7M
$28.1M
Q2 25
$22.0M
Q1 25
$20.9M
Q4 24
$21.7M
Q3 24
$-14.9M
$24.4M
Q2 24
$25.8M
Q1 24
$17.8M
Gross Margin
BLLN
BLLN
EPAC
EPAC
Q4 25
50.7%
Q3 25
69.9%
50.1%
Q2 25
50.4%
Q1 25
50.5%
Q4 24
51.4%
Q3 24
52.6%
48.8%
Q2 24
51.8%
Q1 24
51.6%
Operating Margin
BLLN
BLLN
EPAC
EPAC
Q4 25
19.8%
Q3 25
11.5%
23.8%
Q2 25
20.0%
Q1 25
21.2%
Q4 24
21.4%
Q3 24
-32.9%
18.9%
Q2 24
22.2%
Q1 24
21.3%
Net Margin
BLLN
BLLN
EPAC
EPAC
Q4 25
13.3%
Q3 25
6.8%
16.8%
Q2 25
13.9%
Q1 25
14.4%
Q4 24
15.0%
Q3 24
-38.8%
15.4%
Q2 24
17.1%
Q1 24
12.9%
EPS (diluted)
BLLN
BLLN
EPAC
EPAC
Q4 25
$0.36
Q3 25
$0.10
$0.51
Q2 25
$0.41
Q1 25
$0.38
Q4 24
$0.40
Q3 24
$-1.47
$0.44
Q2 24
$0.47
Q1 24
$0.33

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
EPAC
EPAC
Cash + ST InvestmentsLiquidity on hand
$195.2M
$139.0M
Total DebtLower is stronger
$55.0M
$188.8M
Stockholders' EquityBook value
$-239.5M
$431.1M
Total Assets
$327.5M
$818.1M
Debt / EquityLower = less leverage
0.44×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
EPAC
EPAC
Q4 25
$139.0M
Q3 25
$195.2M
$151.6M
Q2 25
$140.5M
Q1 25
$119.5M
Q4 24
$130.7M
Q3 24
$167.1M
Q2 24
$132.4M
Q1 24
$153.7M
Total Debt
BLLN
BLLN
EPAC
EPAC
Q4 25
$188.8M
Q3 25
$55.0M
$190.0M
Q2 25
$191.3M
Q1 25
$192.5M
Q4 24
$193.8M
Q3 24
$195.0M
Q2 24
$196.3M
Q1 24
$245.5M
Stockholders' Equity
BLLN
BLLN
EPAC
EPAC
Q4 25
$431.1M
Q3 25
$-239.5M
$433.7M
Q2 25
$438.2M
Q1 25
$406.0M
Q4 24
$398.0M
Q3 24
$-242.9M
$392.0M
Q2 24
$365.8M
Q1 24
$336.9M
Total Assets
BLLN
BLLN
EPAC
EPAC
Q4 25
$818.1M
Q3 25
$327.5M
$827.9M
Q2 25
$828.1M
Q1 25
$776.6M
Q4 24
$775.4M
Q3 24
$777.3M
Q2 24
$749.5M
Q1 24
$769.3M
Debt / Equity
BLLN
BLLN
EPAC
EPAC
Q4 25
0.44×
Q3 25
0.44×
Q2 25
0.44×
Q1 25
0.47×
Q4 24
0.49×
Q3 24
0.50×
Q2 24
0.54×
Q1 24
0.73×

Cash Flow & Capital Efficiency

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

Metric
BLLN
BLLN
EPAC
EPAC
Operating Cash FlowLast quarter
$13.8M
$16.0M
Free Cash FlowOCF − Capex
$6.5M
$13.3M
FCF MarginFCF / Revenue
7.7%
9.2%
Capex IntensityCapex / Revenue
8.8%
1.9%
Cash ConversionOCF / Net Profit
2.42×
0.84×
TTM Free Cash FlowTrailing 4 quarters
$102.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
EPAC
EPAC
Q4 25
$16.0M
Q3 25
$13.8M
$55.3M
Q2 25
$39.9M
Q1 25
$7.5M
Q4 24
$8.6M
Q3 24
$44.4M
Q2 24
$30.3M
Q1 24
$13.3M
Free Cash Flow
BLLN
BLLN
EPAC
EPAC
Q4 25
$13.3M
Q3 25
$6.5M
$52.3M
Q2 25
$35.1M
Q1 25
$1.8M
Q4 24
$2.8M
Q3 24
$37.9M
Q2 24
$28.5M
Q1 24
$11.7M
FCF Margin
BLLN
BLLN
EPAC
EPAC
Q4 25
9.2%
Q3 25
7.7%
31.2%
Q2 25
22.1%
Q1 25
1.2%
Q4 24
1.9%
Q3 24
23.9%
Q2 24
18.9%
Q1 24
8.5%
Capex Intensity
BLLN
BLLN
EPAC
EPAC
Q4 25
1.9%
Q3 25
8.8%
1.8%
Q2 25
3.1%
Q1 25
3.9%
Q4 24
4.0%
Q3 24
4.1%
Q2 24
1.2%
Q1 24
1.1%
Cash Conversion
BLLN
BLLN
EPAC
EPAC
Q4 25
0.84×
Q3 25
2.42×
1.97×
Q2 25
1.81×
Q1 25
0.36×
Q4 24
0.40×
Q3 24
1.82×
Q2 24
1.18×
Q1 24
0.75×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BLLN
BLLN

Prenatal$74.1M89%
Oncology$8.7M10%

EPAC
EPAC

Transferred At Point In Time$126.0M87%
Other$12.1M8%
Other Operating Segment$6.1M4%

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