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Side-by-side financial comparison of CN ENERGY GROUP. INC. (CNEY) and EMPIRE PETROLEUM CORP (EP). Click either name above to swap in a different company.

EMPIRE PETROLEUM CORP is the larger business by last-quarter revenue ($7.1M vs $5.0M, roughly 1.4× CN ENERGY GROUP. INC.). CN ENERGY GROUP. INC. runs the higher net margin — -0.4% vs -835.1%, a 834.8% gap on every dollar of revenue.

EVE Energy Co., Ltd. is a Chinese battery manufacturing company founded by Liu Jincheng in 2001 that specializes in the manufacturing of lithium-ion batteries for energy storage systems and electric vehicles. Its headquarters are located in Huizhou, Guangdong, and it was first listed on the Shenzhen Stock Exchange's ChiNext subsidiary in 2009. It is considered to be a Tier-1 battery supplier, and is the third largest energy storage battery cell maker in the world as of 2023. According to a st...

The Iraq Petroleum Company (IPC), formerly known as the Turkish Petroleum Company (TPC), is an oil company that had a virtual monopoly on all oil exploration and production in Iraq between 1925 and 1961. It was jointly owned by some of the world's largest oil companies and headquartered in London, England.

CNEY vs EP — Head-to-Head

Bigger by revenue
EP
EP
1.4× larger
EP
$7.1M
$5.0M
CNEY
Higher net margin
CNEY
CNEY
834.8% more per $
CNEY
-0.4%
-835.1%
EP

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CNEY
CNEY
EP
EP
Revenue
$5.0M
$7.1M
Net Profit
$-18.0K
$-59.0M
Gross Margin
0.1%
Operating Margin
-0.4%
-834.5%
Net Margin
-0.4%
-835.1%
Revenue YoY
-30.0%
Net Profit YoY
-1306.0%
EPS (diluted)
$-1.74

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
CNEY
CNEY
EP
EP
Q4 25
$7.1M
Q3 25
$9.4M
Q2 25
$8.8M
Q1 25
$5.0M
$9.0M
Q4 24
$10.1M
Q3 24
$11.4M
Q2 24
$12.8M
Q1 24
$22.7M
$9.4M
Net Profit
CNEY
CNEY
EP
EP
Q4 25
$-59.0M
Q3 25
$-3.8M
Q2 25
$-5.1M
Q1 25
$-18.0K
$-4.2M
Q4 24
$-4.2M
Q3 24
$-3.6M
Q2 24
$-4.4M
Q1 24
$-4.2M
$-4.0M
Gross Margin
CNEY
CNEY
EP
EP
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
Q3 24
Q2 24
Q1 24
3.5%
Operating Margin
CNEY
CNEY
EP
EP
Q4 25
-834.5%
Q3 25
-37.8%
Q2 25
-56.0%
Q1 25
-0.4%
-43.9%
Q4 24
-38.9%
Q3 24
-30.0%
Q2 24
-15.0%
Q1 24
-19.2%
-46.8%
Net Margin
CNEY
CNEY
EP
EP
Q4 25
-835.1%
Q3 25
-40.9%
Q2 25
-57.8%
Q1 25
-0.4%
-46.9%
Q4 24
-41.6%
Q3 24
-32.0%
Q2 24
-34.3%
Q1 24
-18.4%
-42.3%
EPS (diluted)
CNEY
CNEY
EP
EP
Q4 25
$-1.74
Q3 25
$-0.11
Q2 25
$-0.15
Q1 25
$-0.12
Q4 24
$-0.12
Q3 24
$-0.12
Q2 24
$-0.15
Q1 24
$-0.15

Balance Sheet & Financial Strength

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

Metric
CNEY
CNEY
EP
EP
Cash + ST InvestmentsLiquidity on hand
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$102.3M
$-4.6M
Total Assets
$104.2M
$65.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNEY
CNEY
EP
EP
Q4 25
$1.2M
Q3 25
$4.6M
Q2 25
$2.3M
Q1 25
$1.1M
Q4 24
$2.3M
Q3 24
$3.1M
Q2 24
$9.3M
Q1 24
$3.5M
Total Debt
CNEY
CNEY
EP
EP
Q4 25
Q3 25
$15.2M
Q2 25
$14.6M
Q1 25
$11.6M
Q4 24
$11.3M
Q3 24
$8.5M
Q2 24
$8.5M
Q1 24
$565.5K
$8.5M
Stockholders' Equity
CNEY
CNEY
EP
EP
Q4 25
$-4.6M
Q3 25
$53.7M
Q2 25
$54.5M
Q1 25
$102.3M
$59.1M
Q4 24
$62.8M
Q3 24
$56.5M
Q2 24
$58.7M
Q1 24
$102.8M
$31.7M
Total Assets
CNEY
CNEY
EP
EP
Q4 25
$65.9M
Q3 25
$123.0M
Q2 25
$124.7M
Q1 25
$104.2M
$123.7M
Q4 24
$123.9M
Q3 24
$121.2M
Q2 24
$119.9M
Q1 24
$118.4M
$100.1M
Debt / Equity
CNEY
CNEY
EP
EP
Q4 25
Q3 25
0.28×
Q2 25
0.27×
Q1 25
0.20×
Q4 24
0.18×
Q3 24
0.15×
Q2 24
0.15×
Q1 24
0.01×
0.27×

Cash Flow & Capital Efficiency

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

Metric
CNEY
CNEY
EP
EP
Operating Cash FlowLast quarter
$-2.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNEY
CNEY
EP
EP
Q4 25
$-2.8M
Q3 25
$330.0K
Q2 25
$-3.1M
Q1 25
$1.6M
Q4 24
$-8.8M
Q3 24
$12.8M
Q2 24
$-1.8M
Q1 24
$-579.2K
$3.9M
Free Cash Flow
CNEY
CNEY
EP
EP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-579.3K
FCF Margin
CNEY
CNEY
EP
EP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-2.6%
Capex Intensity
CNEY
CNEY
EP
EP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.0%

Financial Flow Comparison

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

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