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Side-by-side financial comparison of Webull Corp (BULL) and SunPower Inc. (SPWR). Click either name above to swap in a different company.

Webull Corp is the larger business by last-quarter revenue ($131.5M vs $79.7M, roughly 1.6× SunPower Inc.). SunPower Inc. runs the higher net margin — -17.8% vs -21.5%, a 3.7% gap on every dollar of revenue. On growth, Webull Corp posted the faster year-over-year revenue change (46.3% vs -10.1%).

Webull Corporation, often stylized as simply Webull, is a US-based financial services holding company headquartered in St. Petersburg, Florida. It provides an electronic trading platform of the same name.

SunPower Corporation is an American provider of photovoltaic solar energy generation systems and battery energy storage products, primarily for residential customers. The company, headquartered in San Jose, California, was founded in 1985 by Richard Swanson, an electrical engineering professor from Stanford University. Cypress Semiconductor bought a majority interest in the company in 2002, growing it quickly until SunPower went public in 2005. TotalEnergies, a French energy and oil company p...

BULL vs SPWR — Head-to-Head

Bigger by revenue
BULL
BULL
1.6× larger
BULL
$131.5M
$79.7M
SPWR
Growing faster (revenue YoY)
BULL
BULL
+56.4% gap
BULL
46.3%
-10.1%
SPWR
Higher net margin
SPWR
SPWR
3.7% more per $
SPWR
-17.8%
-21.5%
BULL

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
BULL
BULL
SPWR
SPWR
Revenue
$131.5M
$79.7M
Net Profit
$-28.3M
$-14.2M
Gross Margin
35.5%
Operating Margin
-16.3%
-27.4%
Net Margin
-21.5%
-17.8%
Revenue YoY
46.3%
-10.1%
Net Profit YoY
-144.3%
-130.1%
EPS (diluted)
$-0.05

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
BULL
BULL
SPWR
SPWR
Q4 25
$79.7M
Q3 25
$22.0M
Q2 25
$131.5M
$67.5M
Q1 25
$82.7M
Q4 24
$88.7M
Q2 24
$89.9M
Q4 23
$24.6M
Q2 23
$25.6M
Net Profit
BULL
BULL
SPWR
SPWR
Q4 25
$-14.2M
Q3 25
$-16.9M
Q2 25
$-28.3M
$-22.4M
Q1 25
$8.1M
Q4 24
$47.0M
Q2 24
$-11.6M
Q4 23
$-206.9M
Q2 23
$-2.7M
Gross Margin
BULL
BULL
SPWR
SPWR
Q4 25
35.5%
Q3 25
Q2 25
42.6%
Q1 25
48.5%
Q4 24
46.5%
Q2 24
Q4 23
25.4%
Q2 23
23.5%
Operating Margin
BULL
BULL
SPWR
SPWR
Q4 25
-27.4%
Q3 25
-15.7%
Q2 25
-16.3%
-4.0%
Q1 25
1.3%
Q4 24
-24.2%
Q2 24
-11.4%
Q4 23
-45.1%
Q2 23
-5.9%
Net Margin
BULL
BULL
SPWR
SPWR
Q4 25
-17.8%
Q3 25
-76.9%
Q2 25
-21.5%
-33.2%
Q1 25
9.8%
Q4 24
53.0%
Q2 24
-12.9%
Q4 23
-841.3%
Q2 23
-10.4%
EPS (diluted)
BULL
BULL
SPWR
SPWR
Q4 25
$-0.05
Q3 25
$-0.19
Q2 25
$-0.28
Q1 25
$0.00
Q4 24
$0.27
Q2 24
Q4 23
$-5.20
Q2 23
$-0.41

Balance Sheet & Financial Strength

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

Metric
BULL
BULL
SPWR
SPWR
Cash + ST InvestmentsLiquidity on hand
$476.7M
$9.6M
Total DebtLower is stronger
$164.8M
Stockholders' EquityBook value
$751.6M
$-90.1M
Total Assets
$2.6B
$241.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BULL
BULL
SPWR
SPWR
Q4 25
$9.6M
Q3 25
$5.1M
Q2 25
$476.7M
$11.1M
Q1 25
$10.6M
Q4 24
$13.4M
Q2 24
Q4 23
Q2 23
Total Debt
BULL
BULL
SPWR
SPWR
Q4 25
$164.8M
Q3 25
$204.3M
Q2 25
$152.9M
Q1 25
Q4 24
$147.3M
Q2 24
Q4 23
Q2 23
Stockholders' Equity
BULL
BULL
SPWR
SPWR
Q4 25
$-90.1M
Q3 25
$-112.3M
Q2 25
$751.6M
$-107.2M
Q1 25
$-89.0M
Q4 24
$-97.5M
Q2 24
$-2.9B
Q4 23
$-50.8M
Q2 23
$-19.8M
Total Assets
BULL
BULL
SPWR
SPWR
Q4 25
$241.2M
Q3 25
$208.3M
Q2 25
$2.6B
$163.1M
Q1 25
$147.8M
Q4 24
$144.5M
Q2 24
Q4 23
Q2 23
$118.4M

Cash Flow & Capital Efficiency

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

Metric
BULL
BULL
SPWR
SPWR
Operating Cash FlowLast quarter
$272.1M
$-1.9M
Free Cash FlowOCF − Capex
$271.7M
FCF MarginFCF / Revenue
206.6%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BULL
BULL
SPWR
SPWR
Q4 25
$-1.9M
Q3 25
$-6.4M
Q2 25
$272.1M
$-4.4M
Q1 25
$-2.6M
Q4 24
$-25.6M
Q2 24
Q4 23
Q2 23
$15.4M
Free Cash Flow
BULL
BULL
SPWR
SPWR
Q4 25
Q3 25
Q2 25
$271.7M
Q1 25
Q4 24
Q2 24
Q4 23
Q2 23
FCF Margin
BULL
BULL
SPWR
SPWR
Q4 25
Q3 25
Q2 25
206.6%
Q1 25
Q4 24
Q2 24
Q4 23
Q2 23
Capex Intensity
BULL
BULL
SPWR
SPWR
Q4 25
Q3 25
Q2 25
0.3%
Q1 25
Q4 24
Q2 24
Q4 23
2.0%
Q2 23
0.0%
Cash Conversion
BULL
BULL
SPWR
SPWR
Q4 25
Q3 25
Q2 25
Q1 25
-0.32×
Q4 24
-0.54×
Q2 24
Q4 23
Q2 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

BULL
BULL

Segment breakdown not available.

SPWR
SPWR

Residential Solar Installation$46.9M59%
New Homes Business$22.7M29%
Other$10.1M13%

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