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Side-by-side financial comparison of EON Resources Inc. (EONR) and Heritage Distilling Holding Company, Inc. (IPST). Click either name above to swap in a different company.

Heritage Distilling Holding Company, Inc. is the larger business by last-quarter revenue ($4.7M vs $4.4M, roughly 1.1× EON Resources Inc.). EON Resources Inc. runs the higher net margin — 128.9% vs -6862.0%, a 6990.9% gap on every dollar of revenue.

E.ON SE is a European multinational electric utility company based in Essen, Germany. It operates as one of the world's largest investor-owned electric utility service providers. The name originates from the Latin word aeon, derived from the Greek αἰών aion, which means age or "infinity", with the period being added to create secondary meanings of "energy" (E) and "illumination" (ON). The company is a component of the Euro Stoxx 50 stock market index, DAX stock index and a member of the Dow J...

Newport Craft Brewing & Distilling Company is a brewery and distillery located in Newport, Rhode Island. Established in 1999 as the Coastal Extreme Brewing Company, it was the first microbrewery in Newport and began distilling operations in 2006. The company produces a range of beers and spirits that are distributed in the Northeastern United States. In 2018 it adopted its current name to reflect its combined brewing and distilling operations. Newport Craft is owned by Audrain Hospitality Gro...

EONR vs IPST — Head-to-Head

Bigger by revenue
IPST
IPST
1.1× larger
IPST
$4.7M
$4.4M
EONR
Higher net margin
EONR
EONR
6990.9% more per $
EONR
128.9%
-6862.0%
IPST

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EONR
EONR
IPST
IPST
Revenue
$4.4M
$4.7M
Net Profit
$5.6M
$-323.7M
Gross Margin
68.5%
Operating Margin
-40.4%
-2622.6%
Net Margin
128.9%
-6862.0%
Revenue YoY
-40.7%
Net Profit YoY
316.8%
EPS (diluted)
$0.10
$-31.89

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
EONR
EONR
IPST
IPST
Q4 25
$4.7M
Q3 25
$4.4M
$3.0M
Q2 25
$4.6M
$1.3M
Q1 25
$4.6M
$1.1M
Q4 24
$3.7M
Q3 24
$7.4M
$1.8M
Q2 24
$5.1M
Q1 24
$3.3M
Net Profit
EONR
EONR
IPST
IPST
Q4 25
$-323.7M
Q3 25
$5.6M
$196.3M
Q2 25
$-1.3M
$-7.3M
Q1 25
$-1.8M
$-3.0M
Q4 24
$-5.1M
Q3 24
$1.3M
$-3.4M
Q2 24
$-637.8K
Q1 24
$-4.7M
Gross Margin
EONR
EONR
IPST
IPST
Q4 25
68.5%
Q3 25
61.3%
Q2 25
17.2%
Q1 25
24.9%
Q4 24
Q3 24
35.8%
Q2 24
Q1 24
Operating Margin
EONR
EONR
IPST
IPST
Q4 25
-2622.6%
Q3 25
-40.4%
-38.4%
Q2 25
-4.5%
-503.0%
Q1 25
-5.9%
-224.5%
Q4 24
-87.2%
Q3 24
27.0%
-118.1%
Q2 24
-6.5%
Q1 24
-68.9%
Net Margin
EONR
EONR
IPST
IPST
Q4 25
-6862.0%
Q3 25
128.9%
6566.2%
Q2 25
-28.4%
-551.9%
Q1 25
-38.4%
-277.8%
Q4 24
-137.4%
Q3 24
18.3%
-194.9%
Q2 24
-12.6%
Q1 24
-143.0%
EPS (diluted)
EONR
EONR
IPST
IPST
Q4 25
$-31.89
Q3 25
$0.10
$16.97
Q2 25
$-0.06
$-0.77
Q1 25
$-0.11
$-0.34
Q4 24
$-0.62
Q3 24
$0.24
$-160.41
Q2 24
$-0.12
Q1 24
$-0.90

Balance Sheet & Financial Strength

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

Metric
EONR
EONR
IPST
IPST
Cash + ST InvestmentsLiquidity on hand
$875.6K
Total DebtLower is stronger
$5.7M
$2.6M
Stockholders' EquityBook value
$60.9M
$98.2M
Total Assets
$89.5M
$108.8M
Debt / EquityLower = less leverage
0.09×
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EONR
EONR
IPST
IPST
Q4 25
Q3 25
$875.6K
Q2 25
$3.1M
Q1 25
$3.1M
Q4 24
$3.0M
Q3 24
Q2 24
Q1 24
$3.4M
Total Debt
EONR
EONR
IPST
IPST
Q4 25
$2.6M
Q3 25
$5.7M
$2.6M
Q2 25
$43.4M
$13.0M
Q1 25
$43.1M
$13.0M
Q4 24
$44.1M
Q3 24
$44.6M
$15.0M
Q2 24
$44.7M
Q1 24
$45.5M
Stockholders' Equity
EONR
EONR
IPST
IPST
Q4 25
$98.2M
Q3 25
$60.9M
$420.4M
Q2 25
$17.0M
$-2.9M
Q1 25
$11.3M
$-329.0K
Q4 24
$3.1M
Q3 24
$-6.4M
$-34.0M
Q2 24
$-6.9M
Q1 24
$-7.4M
Total Assets
EONR
EONR
IPST
IPST
Q4 25
$108.8M
Q3 25
$89.5M
$482.8M
Q2 25
$106.0M
$26.5M
Q1 25
$103.9M
$27.1M
Q4 24
$102.7M
Q3 24
$103.2M
$31.1M
Q2 24
$101.9M
Q1 24
$100.3M
Debt / Equity
EONR
EONR
IPST
IPST
Q4 25
0.03×
Q3 25
0.09×
0.01×
Q2 25
2.55×
Q1 25
3.82×
Q4 24
14.16×
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
EONR
EONR
IPST
IPST
Operating Cash FlowLast quarter
$-7.7M
$-7.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-1.37×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EONR
EONR
IPST
IPST
Q4 25
$-7.5M
Q3 25
$-7.7M
$-4.3M
Q2 25
$30.4K
$-1.5M
Q1 25
$-1.8M
$-2.0M
Q4 24
Q3 24
$1.1M
Q2 24
$1.1M
Q1 24
$1.1M
Free Cash Flow
EONR
EONR
IPST
IPST
Q4 25
Q3 25
$-4.3M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EONR
EONR
IPST
IPST
Q4 25
Q3 25
-144.7%
Q2 25
-115.3%
Q1 25
-187.6%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EONR
EONR
IPST
IPST
Q4 25
0.0%
Q3 25
1.5%
Q2 25
0.9%
Q1 25
1.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
EONR
EONR
IPST
IPST
Q4 25
Q3 25
-1.37×
-0.02×
Q2 25
Q1 25
Q4 24
Q3 24
0.81×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EONR
EONR

Segment breakdown not available.

IPST
IPST

Direct To Consumer$3.0M63%
Wholesale$1.2M26%
Other$517.7K11%

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