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Side-by-side financial comparison of BillionToOne, Inc. (BLLN) and PRIMEENERGY RESOURCES CORP (PNRG). Click either name above to swap in a different company.

BillionToOne, Inc. is the larger business by last-quarter revenue ($83.5M vs $51.0M, roughly 1.6× PRIMEENERGY RESOURCES CORP). BillionToOne, Inc. runs the higher net margin — 6.8% vs 6.6%, a 0.2% gap on every dollar of revenue. On growth, BillionToOne, Inc. posted the faster year-over-year revenue change (117.4% vs -15.7%).

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.

PrimeEnergy Resources Corp is an independent energy firm focused on the exploration, development, and production of oil and natural gas. It primarily operates across onshore resource basins in the United States, serving regional energy markets to meet industrial and consumer demand for reliable energy supplies.

BLLN vs PNRG — Head-to-Head

Bigger by revenue
BLLN
BLLN
1.6× larger
BLLN
$83.5M
$51.0M
PNRG
Growing faster (revenue YoY)
BLLN
BLLN
+133.1% gap
BLLN
117.4%
-15.7%
PNRG
Higher net margin
BLLN
BLLN
0.2% more per $
BLLN
6.8%
6.6%
PNRG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
BLLN
BLLN
PNRG
PNRG
Revenue
$83.5M
$51.0M
Net Profit
$5.7M
$3.4M
Gross Margin
69.9%
97.9%
Operating Margin
11.5%
3.2%
Net Margin
6.8%
6.6%
Revenue YoY
117.4%
-15.7%
Net Profit YoY
138.3%
48.7%
EPS (diluted)
$0.10
$1.43

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
PNRG
PNRG
Q4 25
$51.0M
Q3 25
$83.5M
$46.0M
Q2 25
$42.0M
Q1 25
$50.1M
Q4 24
$45.1M
$60.5M
Q3 24
$38.4M
$69.5M
Q2 24
$64.8M
Q1 24
$43.0M
Net Profit
BLLN
BLLN
PNRG
PNRG
Q4 25
$3.4M
Q3 25
$5.7M
$10.6M
Q2 25
$3.2M
Q1 25
$9.1M
Q4 24
$-11.5M
$2.3M
Q3 24
$-14.9M
$22.1M
Q2 24
$19.7M
Q1 24
$11.3M
Gross Margin
BLLN
BLLN
PNRG
PNRG
Q4 25
97.9%
Q3 25
69.9%
95.6%
Q2 25
97.1%
Q1 25
96.3%
Q4 24
57.1%
98.8%
Q3 24
52.6%
95.5%
Q2 24
96.2%
Q1 24
93.5%
Operating Margin
BLLN
BLLN
PNRG
PNRG
Q4 25
3.2%
Q3 25
11.5%
28.9%
Q2 25
10.0%
Q1 25
22.7%
Q4 24
17.0%
6.8%
Q3 24
-32.9%
40.4%
Q2 24
38.1%
Q1 24
33.4%
Net Margin
BLLN
BLLN
PNRG
PNRG
Q4 25
6.6%
Q3 25
6.8%
23.0%
Q2 25
7.7%
Q1 25
18.2%
Q4 24
-25.5%
3.8%
Q3 24
-38.8%
31.8%
Q2 24
30.4%
Q1 24
26.3%
EPS (diluted)
BLLN
BLLN
PNRG
PNRG
Q4 25
$1.43
Q3 25
$0.10
$4.38
Q2 25
$1.33
Q1 25
$3.72
Q4 24
$-1.13
$0.97
Q3 24
$-1.47
$8.80
Q2 24
$7.77
Q1 24
$4.41

Balance Sheet & Financial Strength

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

Metric
BLLN
BLLN
PNRG
PNRG
Cash + ST InvestmentsLiquidity on hand
$195.2M
$7.4M
Total DebtLower is stronger
$55.0M
Stockholders' EquityBook value
$-239.5M
$215.7M
Total Assets
$327.5M
$323.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BLLN
BLLN
PNRG
PNRG
Q4 25
$7.4M
Q3 25
$195.2M
$3.7M
Q2 25
$2.4M
Q1 25
$2.1M
Q4 24
$191.5M
$2.5M
Q3 24
$1.6M
Q2 24
$2.0M
Q1 24
$1.8M
Total Debt
BLLN
BLLN
PNRG
PNRG
Q4 25
Q3 25
$55.0M
Q2 25
Q1 25
Q4 24
$51.5M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BLLN
BLLN
PNRG
PNRG
Q4 25
$215.7M
Q3 25
$-239.5M
$213.8M
Q2 25
$205.2M
Q1 25
$205.0M
Q4 24
$-251.7M
$202.9M
Q3 24
$-242.9M
$203.8M
Q2 24
$186.3M
Q1 24
$169.4M
Total Assets
BLLN
BLLN
PNRG
PNRG
Q4 25
$323.9M
Q3 25
$327.5M
$332.0M
Q2 25
$343.0M
Q1 25
$339.3M
Q4 24
$302.1M
$324.6M
Q3 24
$345.6M
Q2 24
$334.8M
Q1 24
$332.9M

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
PNRG
PNRG
Operating Cash FlowLast quarter
$13.8M
$12.2M
Free Cash FlowOCF − Capex
$6.5M
FCF MarginFCF / Revenue
7.7%
Capex IntensityCapex / Revenue
8.8%
Cash ConversionOCF / Net Profit
2.42×
3.60×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BLLN
BLLN
PNRG
PNRG
Q4 25
$12.2M
Q3 25
$13.8M
$54.7M
Q2 25
$-8.3M
Q1 25
$38.2M
Q4 24
$23.9M
Q3 24
$50.8M
Q2 24
$-1.9M
Q1 24
$43.2M
Free Cash Flow
BLLN
BLLN
PNRG
PNRG
Q4 25
Q3 25
$6.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
BLLN
BLLN
PNRG
PNRG
Q4 25
Q3 25
7.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
BLLN
BLLN
PNRG
PNRG
Q4 25
Q3 25
8.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
BLLN
BLLN
PNRG
PNRG
Q4 25
3.60×
Q3 25
2.42×
5.18×
Q2 25
-2.58×
Q1 25
4.18×
Q4 24
10.50×
Q3 24
2.30×
Q2 24
-0.10×
Q1 24
3.82×

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%

PNRG
PNRG

Oil Sales$43.1M84%
Natural Gas Liquid$5.5M11%
Oil And Gas Service$2.0M4%

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