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Side-by-side financial comparison of Webull Corp (BULL) and T1 Energy Inc. (TE). Click either name above to swap in a different company.
T1 Energy Inc. is the larger business by last-quarter revenue ($210.5M vs $131.5M, roughly 1.6× Webull Corp). Webull Corp runs the higher net margin — -21.5% vs -62.0%, a 40.5% gap on every dollar of revenue. Webull Corp produced more free cash flow last quarter ($271.7M vs $55.0M).
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.
Sony Energy Devices Corporation , is a Japanese multinational company specializing in a variety of areas in the energy industry, and is a wholly owned subsidiary and part of the Devices Group of Sony. The company was established in February 1975 in Fukushima, Japan.
BULL vs TE — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $131.5M | $210.5M |
| Net Profit | $-28.3M | $-130.6M |
| Gross Margin | — | 10.0% |
| Operating Margin | -16.3% | -45.0% |
| Net Margin | -21.5% | -62.0% |
| Revenue YoY | 46.3% | — |
| Net Profit YoY | -144.3% | -375.2% |
| EPS (diluted) | — | $-0.87 |
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.
| Q3 25 | — | $210.5M | ||
| Q2 25 | $131.5M | $132.8M | ||
| Q1 25 | — | $53.5M | ||
| Q3 24 | — | $0 | ||
| Q2 24 | $89.9M | $0 | ||
| Q1 24 | — | $0 |
| Q3 25 | — | $-130.6M | ||
| Q2 25 | $-28.3M | $-31.9M | ||
| Q1 25 | — | $-16.2M | ||
| Q3 24 | — | $-27.5M | ||
| Q2 24 | $-11.6M | $-27.0M | ||
| Q1 24 | — | $-28.5M |
| Q3 25 | — | 10.0% | ||
| Q2 25 | — | 24.7% | ||
| Q1 25 | — | 33.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | -45.0% | ||
| Q2 25 | -16.3% | -22.0% | ||
| Q1 25 | — | -44.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | -11.4% | — | ||
| Q1 24 | — | — |
| Q3 25 | — | -62.0% | ||
| Q2 25 | -21.5% | -24.0% | ||
| Q1 25 | — | -30.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | -12.9% | — | ||
| Q1 24 | — | — |
| Q3 25 | — | $-0.87 | ||
| Q2 25 | — | $-0.21 | ||
| Q1 25 | — | $-0.11 | ||
| Q3 24 | — | $-0.20 | ||
| Q2 24 | — | $-0.19 | ||
| Q1 24 | — | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $476.7M | $34.1M |
| Total DebtLower is stronger | — | $547.3M |
| Stockholders' EquityBook value | $751.6M | $96.9M |
| Total Assets | $2.6B | $1.4B |
| Debt / EquityLower = less leverage | — | 5.65× |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $34.1M | ||
| Q2 25 | $476.7M | $8.5M | ||
| Q1 25 | — | $48.9M | ||
| Q3 24 | — | $181.9M | ||
| Q2 24 | — | $219.6M | ||
| Q1 24 | — | $249.9M |
| Q3 25 | — | $547.3M | ||
| Q2 25 | — | $591.2M | ||
| Q1 25 | — | $603.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $602.3M |
| Q3 25 | — | $96.9M | ||
| Q2 25 | $751.6M | $183.9M | ||
| Q1 25 | — | $201.9M | ||
| Q3 24 | — | $538.7M | ||
| Q2 24 | $-2.9B | $561.6M | ||
| Q1 24 | — | $582.3M |
| Q3 25 | — | $1.4B | ||
| Q2 25 | $2.6B | $1.4B | ||
| Q1 25 | — | $1.4B | ||
| Q3 24 | — | $615.0M | ||
| Q2 24 | — | $644.4M | ||
| Q1 24 | — | $670.3M |
| Q3 25 | — | 5.65× | ||
| Q2 25 | — | 3.21× | ||
| Q1 25 | — | 2.99× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.03× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $272.1M | $63.9M |
| Free Cash FlowOCF − Capex | $271.7M | $55.0M |
| FCF MarginFCF / Revenue | 206.6% | 26.1% |
| Capex IntensityCapex / Revenue | 0.3% | 4.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-42.3M |
8-quarter trend — quarters aligned by calendar period.
| Q3 25 | — | $63.9M | ||
| Q2 25 | $272.1M | $33.4M | ||
| Q1 25 | — | $-44.8M | ||
| Q3 24 | — | $-28.4M | ||
| Q2 24 | — | $-28.0M | ||
| Q1 24 | — | $-16.2M |
| Q3 25 | — | $55.0M | ||
| Q2 25 | $271.7M | $10.6M | ||
| Q1 25 | — | $-74.0M | ||
| Q3 24 | — | $-34.0M | ||
| Q2 24 | — | $-35.6M | ||
| Q1 24 | — | $-37.7M |
| Q3 25 | — | 26.1% | ||
| Q2 25 | 206.6% | 8.0% | ||
| Q1 25 | — | -138.4% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q3 25 | — | 4.2% | ||
| Q2 25 | 0.3% | 17.2% | ||
| Q1 25 | — | 54.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BULL
Segment breakdown not available.
TE
| Related Party | $120.1M | 57% |
| Nonrelated Party | $90.4M | 43% |
