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Side-by-side financial comparison of BARNWELL INDUSTRIES INC (BRN) and SemiLEDs Corp (LEDS). Click either name above to swap in a different company.

BARNWELL INDUSTRIES INC is the larger business by last-quarter revenue ($3.0M vs $2.6M, roughly 1.2× SemiLEDs Corp). SemiLEDs Corp runs the higher net margin — -28.9% vs -80.9%, a 52.0% gap on every dollar of revenue. On growth, SemiLEDs Corp posted the faster year-over-year revenue change (103.7% vs 9.7%). Over the past eight quarters, SemiLEDs Corp's revenue compounded faster (70.3% CAGR vs -30.2%).

Evening Post Industries is a privately held American media company based in Charleston, South Carolina, United States. It has been led by four generations of the Manigault family.

SEMI is an industry association comprising companies involved in the electronics design and manufacturing supply chain. They provide equipment, materials and services for the manufacture of semiconductors, photovoltaic panels, LED and flat panel displays, micro-electromechanical systems (MEMS), printed and flexible electronics, and related micro and nano-technologies.

BRN vs LEDS — Head-to-Head

Bigger by revenue
BRN
BRN
1.2× larger
BRN
$3.0M
$2.6M
LEDS
Growing faster (revenue YoY)
LEDS
LEDS
+94.0% gap
LEDS
103.7%
9.7%
BRN
Higher net margin
LEDS
LEDS
52.0% more per $
LEDS
-28.9%
-80.9%
BRN
Faster 2-yr revenue CAGR
LEDS
LEDS
Annualised
LEDS
70.3%
-30.2%
BRN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BRN
BRN
LEDS
LEDS
Revenue
$3.0M
$2.6M
Net Profit
$-2.4M
$-742.0K
Gross Margin
0.7%
Operating Margin
-23.0%
-39.4%
Net Margin
-80.9%
-28.9%
Revenue YoY
9.7%
103.7%
Net Profit YoY
-29.0%
-35.6%
EPS (diluted)
$-0.25
$-0.09

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
BRN
BRN
LEDS
LEDS
Q4 25
$2.6M
Q3 25
$3.0M
$13.2M
Q2 25
$3.2M
$17.7M
Q1 25
$3.6M
$10.9M
Q4 24
$3.9M
$1.3M
Q3 24
$2.7M
$1.3M
Q2 24
$4.5M
$1.3M
Q1 24
$4.7M
$886.0K
Net Profit
BRN
BRN
LEDS
LEDS
Q4 25
$-742.0K
Q3 25
$-2.4M
$-1.2M
Q2 25
$-1.6M
$223.0K
Q1 25
$-1.2M
$388.0K
Q4 24
$-1.9M
$-547.0K
Q3 24
$-1.9M
Q2 24
$-1.2M
$-319.0K
Q1 24
$-1.8M
$-559.0K
Gross Margin
BRN
BRN
LEDS
LEDS
Q4 25
0.7%
Q3 25
1.7%
Q2 25
5.3%
Q1 25
9.2%
Q4 24
20.6%
Q3 24
11.6%
Q2 24
41.0%
Q1 24
12.6%
Operating Margin
BRN
BRN
LEDS
LEDS
Q4 25
-39.4%
Q3 25
-23.0%
-9.0%
Q2 25
1.6%
-0.4%
Q1 25
21.7%
1.0%
Q4 24
-2.7%
-52.1%
Q3 24
-1.3%
Q2 24
7.9%
-35.8%
Q1 24
-14.7%
-93.9%
Net Margin
BRN
BRN
LEDS
LEDS
Q4 25
-28.9%
Q3 25
-80.9%
-9.0%
Q2 25
-48.6%
1.3%
Q1 25
-33.8%
3.6%
Q4 24
-48.7%
-43.4%
Q3 24
-68.8%
Q2 24
-27.7%
-24.1%
Q1 24
-37.9%
-63.1%
EPS (diluted)
BRN
BRN
LEDS
LEDS
Q4 25
$-0.09
Q3 25
$-0.25
$-0.15
Q2 25
$-0.15
$0.03
Q1 25
$-0.12
$0.05
Q4 24
$-0.19
$-0.08
Q3 24
$-0.19
Q2 24
$-0.12
$-0.04
Q1 24
$-0.18
$-0.11

Balance Sheet & Financial Strength

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

Metric
BRN
BRN
LEDS
LEDS
Cash + ST InvestmentsLiquidity on hand
$2.9M
$2.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.0M
$2.1M
Total Assets
$20.8M
$14.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BRN
BRN
LEDS
LEDS
Q4 25
$2.9M
Q3 25
$2.9M
$2.6M
Q2 25
$1.2M
$2.4M
Q1 25
$1.4M
$2.4M
Q4 24
$2.0M
$1.2M
Q3 24
$4.3M
$1.7M
Q2 24
$4.4M
$1.7M
Q1 24
$3.7M
$1.6M
Total Debt
BRN
BRN
LEDS
LEDS
Q4 25
Q3 25
$1.7M
Q2 25
Q1 25
Q4 24
Q3 24
$3.7M
Q2 24
Q1 24
Stockholders' Equity
BRN
BRN
LEDS
LEDS
Q4 25
$2.1M
Q3 25
$7.0M
$2.8M
Q2 25
$8.6M
$4.0M
Q1 25
$10.1M
$3.6M
Q4 24
$11.3M
$1.6M
Q3 24
$13.0M
$2.2M
Q2 24
$15.0M
$2.7M
Q1 24
$16.4M
$3.0M
Total Assets
BRN
BRN
LEDS
LEDS
Q4 25
$14.2M
Q3 25
$20.8M
$15.6M
Q2 25
$23.8M
$23.2M
Q1 25
$24.4M
$23.2M
Q4 24
$26.0M
$10.4M
Q3 24
$30.7M
$11.1M
Q2 24
$31.4M
$11.5M
Q1 24
$32.8M
$12.0M
Debt / Equity
BRN
BRN
LEDS
LEDS
Q4 25
Q3 25
0.61×
Q2 25
Q1 25
Q4 24
Q3 24
1.69×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
BRN
BRN
LEDS
LEDS
Operating Cash FlowLast quarter
$-610.0K
$361.0K
Free Cash FlowOCF − Capex
$331.0K
FCF MarginFCF / Revenue
12.9%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BRN
BRN
LEDS
LEDS
Q4 25
$361.0K
Q3 25
$-610.0K
Q2 25
$-309.0K
$693.0K
Q1 25
$-302.0K
$1.4M
Q4 24
$-759.0K
$-158.0K
Q3 24
$1.2M
Q2 24
$1.3M
$109.0K
Q1 24
$887.0K
$-600.0K
Free Cash Flow
BRN
BRN
LEDS
LEDS
Q4 25
$331.0K
Q3 25
Q2 25
$383.0K
Q1 25
$1.3M
Q4 24
$-3.3M
$-276.0K
Q3 24
Q2 24
$98.0K
Q1 24
$-619.0K
FCF Margin
BRN
BRN
LEDS
LEDS
Q4 25
12.9%
Q3 25
Q2 25
2.2%
Q1 25
11.8%
Q4 24
-83.6%
-21.9%
Q3 24
Q2 24
7.4%
Q1 24
-69.9%
Capex Intensity
BRN
BRN
LEDS
LEDS
Q4 25
1.2%
Q3 25
0.2%
Q2 25
1.8%
Q1 25
1.1%
Q4 24
64.3%
9.4%
Q3 24
9.3%
Q2 24
0.8%
Q1 24
2.1%
Cash Conversion
BRN
BRN
LEDS
LEDS
Q4 25
Q3 25
Q2 25
3.11×
Q1 25
3.62×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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