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Side-by-side financial comparison of Diversified Energy Co (DEC) and National Vision Holdings, Inc. (EYE). Click either name above to swap in a different company.
Diversified Energy Co is the larger business by last-quarter revenue ($666.5M vs $487.3M, roughly 1.4× National Vision Holdings, Inc.). Diversified Energy Co runs the higher net margin — 29.3% vs 0.7%, a 28.6% gap on every dollar of revenue. Diversified Energy Co produced more free cash flow last quarter ($280.0M vs $30.3M).
DTE Energy is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services in the United States and Canada. Its operating units include an electric utility serving 2.2 million customers and a natural gas utility serving 1.3 million customers in Michigan.
Vision Research is an international company that manufactures high-speed digital cameras based in Wayne, New Jersey. Their cameras are marketed under the Phantom brand, and are used in a broad variety of industries including: defense, industrial product development, manufacturing, automotive, scientific research, and entertainment. Vision Research is a business unit of the Materials Analysis Division of Ametek Inc., a global manufacturer of electronic instruments and electromechanical devices.
DEC vs EYE — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $666.5M | $487.3M |
| Net Profit | $195.5M | $3.4M |
| Gross Margin | — | — |
| Operating Margin | 37.6% | 2.0% |
| Net Margin | 29.3% | 0.7% |
| Revenue YoY | — | 7.9% |
| Net Profit YoY | — | 139.8% |
| EPS (diluted) | — | $0.04 |
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.
| Q4 25 | $666.5M | — | ||
| Q3 25 | $499.8M | $487.3M | ||
| Q2 25 | $600.3M | $486.4M | ||
| Q1 25 | — | $510.3M | ||
| Q4 24 | — | $437.3M | ||
| Q3 24 | — | $451.5M | ||
| Q2 24 | — | $451.7M | ||
| Q1 24 | — | $482.8M |
| Q4 25 | $195.5M | — | ||
| Q3 25 | $171.1M | $3.4M | ||
| Q2 25 | $297.7M | $8.7M | ||
| Q1 25 | — | $14.2M | ||
| Q4 24 | — | $-28.6M | ||
| Q3 24 | — | $-8.5M | ||
| Q2 24 | — | $-3.1M | ||
| Q1 24 | — | $11.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 44.7% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 37.6% | — | ||
| Q3 25 | 36.2% | 2.0% | ||
| Q2 25 | 48.5% | 3.4% | ||
| Q1 25 | — | 5.1% | ||
| Q4 24 | — | -5.8% | ||
| Q3 24 | — | -2.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 4.9% |
| Q4 25 | 29.3% | — | ||
| Q3 25 | 34.2% | 0.7% | ||
| Q2 25 | 49.6% | 1.8% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | -6.5% | ||
| Q3 24 | — | -1.9% | ||
| Q2 24 | — | -0.7% | ||
| Q1 24 | — | 2.4% |
| Q4 25 | — | — | ||
| Q3 25 | $2.14 | $0.04 | ||
| Q2 25 | $3.67 | $0.11 | ||
| Q1 25 | — | $0.18 | ||
| Q4 24 | — | $-0.36 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.04 | ||
| Q1 24 | — | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.7M | $56.0M |
| Total DebtLower is stronger | $2.7B | $236.5M |
| Stockholders' EquityBook value | $984.1M | $858.8M |
| Total Assets | $6.2B | $2.0B |
| Debt / EquityLower = less leverage | 2.76× | 0.28× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.7M | — | ||
| Q3 25 | — | $56.0M | ||
| Q2 25 | $23.7M | $48.5M | ||
| Q1 25 | — | $80.0M | ||
| Q4 24 | — | $73.9M | ||
| Q3 24 | — | $81.2M | ||
| Q2 24 | — | $179.5M | ||
| Q1 24 | — | $150.1M |
| Q4 25 | $2.7B | — | ||
| Q3 25 | — | $236.5M | ||
| Q2 25 | — | $255.6M | ||
| Q1 25 | — | $244.7M | ||
| Q4 24 | — | $248.6M | ||
| Q3 24 | — | $252.8M | ||
| Q2 24 | — | $143.9M | ||
| Q1 24 | — | $448.6M |
| Q4 25 | $984.1M | — | ||
| Q3 25 | — | $858.8M | ||
| Q2 25 | $727.7M | $850.6M | ||
| Q1 25 | — | $836.2M | ||
| Q4 24 | — | $816.3M | ||
| Q3 24 | — | $840.0M | ||
| Q2 24 | — | $843.4M | ||
| Q1 24 | — | $841.3M |
| Q4 25 | $6.2B | — | ||
| Q3 25 | — | $2.0B | ||
| Q2 25 | $5.7B | $2.0B | ||
| Q1 25 | — | $2.0B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | $2.0B | ||
| Q2 24 | — | $2.1B | ||
| Q1 24 | — | $2.2B |
| Q4 25 | 2.76× | — | ||
| Q3 25 | — | 0.28× | ||
| Q2 25 | — | 0.30× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.30× | ||
| Q3 24 | — | 0.30× | ||
| Q2 24 | — | 0.17× | ||
| Q1 24 | — | 0.53× |
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 | $464.6M | $46.6M |
| Free Cash FlowOCF − Capex | $280.0M | $30.3M |
| FCF MarginFCF / Revenue | 42.0% | 6.2% |
| Capex IntensityCapex / Revenue | 27.7% | 3.4% |
| Cash ConversionOCF / Net Profit | 2.38× | 13.83× |
| TTM Free Cash FlowTrailing 4 quarters | — | $83.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $464.6M | — | ||
| Q3 25 | — | $46.6M | ||
| Q2 25 | $264.1M | $54.3M | ||
| Q1 25 | — | $32.2M | ||
| Q4 24 | — | $30.3M | ||
| Q3 24 | — | $27.9M | ||
| Q2 24 | — | $51.5M | ||
| Q1 24 | — | $24.0M |
| Q4 25 | $280.0M | — | ||
| Q3 25 | — | $30.3M | ||
| Q2 25 | — | $42.4M | ||
| Q1 25 | — | $12.0M | ||
| Q4 24 | — | $-1.7M | ||
| Q3 24 | — | $4.1M | ||
| Q2 24 | — | $31.9M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | 42.0% | — | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 8.7% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | — | -0.4% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 7.1% | ||
| Q1 24 | — | 0.8% |
| Q4 25 | 27.7% | — | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.0% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 5.3% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | 4.1% |
| Q4 25 | 2.38× | — | ||
| Q3 25 | — | 13.83× | ||
| Q2 25 | 0.89× | 6.22× | ||
| Q1 25 | — | 2.27× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
