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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and XPLR Infrastructure, LP (XIFR). Click either name above to swap in a different company.
XPLR Infrastructure, LP is the larger business by last-quarter revenue ($249.0M vs $132.7M, roughly 1.9× Emerald Holding, Inc.). XPLR Infrastructure, LP runs the higher net margin — 11.2% vs -22.8%, a 34.0% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs -15.3%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-88.0M). Over the past eight quarters, Emerald Holding, Inc.'s revenue compounded faster (-0.3% CAGR vs -1.6%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
EEX vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $249.0M |
| Net Profit | $-30.2M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | -19.3% |
| Net Margin | -22.8% | 11.2% |
| Revenue YoY | 24.3% | -15.3% |
| Net Profit YoY | -692.2% | 124.3% |
| EPS (diluted) | $-0.15 | — |
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 | $132.7M | $249.0M | ||
| Q3 25 | $77.5M | $315.0M | ||
| Q2 25 | $105.5M | $342.0M | ||
| Q1 25 | $147.7M | $282.0M | ||
| Q4 24 | $106.8M | $294.0M | ||
| Q3 24 | $72.6M | $319.0M | ||
| Q2 24 | $86.0M | $360.0M | ||
| Q1 24 | $133.4M | $257.0M |
| Q4 25 | $-30.2M | $28.0M | ||
| Q3 25 | $-14.4M | $-37.0M | ||
| Q2 25 | $-1.4M | $79.0M | ||
| Q1 25 | $15.3M | $-98.0M | ||
| Q4 24 | $5.1M | $-115.0M | ||
| Q3 24 | $-11.1M | $-40.0M | ||
| Q2 24 | $-2.8M | $62.0M | ||
| Q1 24 | $11.0M | $70.0M |
| Q4 25 | -11.8% | -19.3% | ||
| Q3 25 | -10.1% | 1.6% | ||
| Q2 25 | 9.7% | 26.3% | ||
| Q1 25 | 24.2% | -82.6% | ||
| Q4 24 | 19.5% | -188.1% | ||
| Q3 24 | -6.5% | 15.4% | ||
| Q2 24 | 7.4% | 18.3% | ||
| Q1 24 | 18.2% | -8.2% |
| Q4 25 | -22.8% | 11.2% | ||
| Q3 25 | -18.6% | -11.7% | ||
| Q2 25 | -1.3% | 23.1% | ||
| Q1 25 | 10.4% | -34.8% | ||
| Q4 24 | 4.8% | -39.1% | ||
| Q3 24 | -15.3% | -12.5% | ||
| Q2 24 | -3.3% | 17.2% | ||
| Q1 24 | 8.2% | 27.2% |
| Q4 25 | $-0.15 | — | ||
| Q3 25 | $-0.07 | $-0.40 | ||
| Q2 25 | $-0.01 | $0.84 | ||
| Q1 25 | $0.08 | $-1.05 | ||
| Q4 24 | $0.01 | — | ||
| Q3 24 | $-0.05 | $-0.43 | ||
| Q2 24 | $-0.03 | $0.66 | ||
| Q1 24 | $0.00 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | $960.0M |
| Total DebtLower is stronger | — | $6.2B |
| Stockholders' EquityBook value | $338.8M | $10.9B |
| Total Assets | $1.2B | $19.6B |
| Debt / EquityLower = less leverage | — | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $960.0M | ||
| Q3 25 | $95.4M | $711.0M | ||
| Q2 25 | $156.4M | $880.0M | ||
| Q1 25 | $276.8M | $1.5B | ||
| Q4 24 | $194.8M | $283.0M | ||
| Q3 24 | $188.9M | $290.0M | ||
| Q2 24 | $193.2M | $281.0M | ||
| Q1 24 | $186.8M | $245.0M |
| Q4 25 | — | $6.2B | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $5.3B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $338.8M | $10.9B | ||
| Q3 25 | $369.5M | $11.0B | ||
| Q2 25 | $389.4M | $11.3B | ||
| Q1 25 | $392.1M | $12.6B | ||
| Q4 24 | $385.9M | $12.9B | ||
| Q3 24 | $391.1M | $13.6B | ||
| Q2 24 | $407.6M | $13.9B | ||
| Q1 24 | $-90.7M | $14.0B |
| Q4 25 | $1.2B | $19.6B | ||
| Q3 25 | $1.2B | $19.1B | ||
| Q2 25 | $1.2B | $20.5B | ||
| Q1 25 | $1.2B | $21.4B | ||
| Q4 24 | $1.0B | $20.3B | ||
| Q3 24 | $1.1B | $20.9B | ||
| Q2 24 | $1.1B | $21.7B | ||
| Q1 24 | $1.1B | $22.3B |
| Q4 25 | — | 0.57× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.41× | ||
| Q3 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | $186.0M |
| Free Cash FlowOCF − Capex | $11.7M | $-88.0M |
| FCF MarginFCF / Revenue | 8.8% | -35.3% |
| Capex IntensityCapex / Revenue | 0.5% | 110.0% |
| Cash ConversionOCF / Net Profit | — | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $186.0M | ||
| Q3 25 | $1.8M | $231.0M | ||
| Q2 25 | $15.9M | $232.0M | ||
| Q1 25 | $12.6M | $90.0M | ||
| Q4 24 | $20.6M | $283.0M | ||
| Q3 24 | $9.1M | $208.0M | ||
| Q2 24 | $9.8M | $231.0M | ||
| Q1 24 | $7.3M | $78.0M |
| Q4 25 | $11.7M | $-88.0M | ||
| Q3 25 | $1.5M | $-283.0M | ||
| Q2 25 | $15.8M | $151.0M | ||
| Q1 25 | $12.4M | $1.0M | ||
| Q4 24 | $19.9M | $231.0M | ||
| Q3 24 | $9.0M | $152.0M | ||
| Q2 24 | $9.6M | $162.0M | ||
| Q1 24 | $7.0M | $14.0M |
| Q4 25 | 8.8% | -35.3% | ||
| Q3 25 | 1.9% | -89.8% | ||
| Q2 25 | 15.0% | 44.2% | ||
| Q1 25 | 8.4% | 0.4% | ||
| Q4 24 | 18.6% | 78.6% | ||
| Q3 24 | 12.4% | 47.6% | ||
| Q2 24 | 11.2% | 45.0% | ||
| Q1 24 | 5.2% | 5.4% |
| Q4 25 | 0.5% | 110.0% | ||
| Q3 25 | 0.4% | 163.2% | ||
| Q2 25 | 0.1% | 23.7% | ||
| Q1 25 | 0.1% | 31.6% | ||
| Q4 24 | 0.7% | 17.7% | ||
| Q3 24 | 0.1% | 17.6% | ||
| Q2 24 | 0.2% | 19.2% | ||
| Q1 24 | 0.2% | 24.9% |
| Q4 25 | — | 6.64× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 2.94× | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.73× | ||
| Q1 24 | 0.66× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
