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Side-by-side financial comparison of EMPIRE PETROLEUM CORP (EP) and Epsilon Energy Ltd. (EPSN). Click either name above to swap in a different company.

Epsilon Energy Ltd. is the larger business by last-quarter revenue ($14.8M vs $7.1M, roughly 2.1× EMPIRE PETROLEUM CORP). Epsilon Energy Ltd. runs the higher net margin — -83.9% vs -835.1%, a 751.2% gap on every dollar of revenue. On growth, Epsilon Energy Ltd. posted the faster year-over-year revenue change (65.7% vs -30.0%). Over the past eight quarters, Epsilon Energy Ltd.'s revenue compounded faster (36.2% CAGR vs -13.3%).

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.

Epsilon Composite is a French company created in 1987 by Stephane LULL, its current CEO. The company was founded in January 1987. Its production site is located in Gaillan, France. Stéphane Lull is the CEO.

EP vs EPSN — Head-to-Head

Bigger by revenue
EPSN
EPSN
2.1× larger
EPSN
$14.8M
$7.1M
EP
Growing faster (revenue YoY)
EPSN
EPSN
+95.8% gap
EPSN
65.7%
-30.0%
EP
Higher net margin
EPSN
EPSN
751.2% more per $
EPSN
-83.9%
-835.1%
EP
Faster 2-yr revenue CAGR
EPSN
EPSN
Annualised
EPSN
36.2%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EP
EP
EPSN
EPSN
Revenue
$7.1M
$14.8M
Net Profit
$-59.0M
$-12.4M
Gross Margin
Operating Margin
-834.5%
-129.0%
Net Margin
-835.1%
-83.9%
Revenue YoY
-30.0%
65.7%
Net Profit YoY
-1306.0%
-1535.0%
EPS (diluted)
$-1.74
$-0.55

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
EP
EP
EPSN
EPSN
Q4 25
$7.1M
$14.8M
Q3 25
$9.4M
$9.0M
Q2 25
$8.8M
$11.6M
Q1 25
$9.0M
$16.2M
Q4 24
$10.1M
$8.9M
Q3 24
$11.4M
$7.3M
Q2 24
$12.8M
$7.3M
Q1 24
$9.4M
$8.0M
Net Profit
EP
EP
EPSN
EPSN
Q4 25
$-59.0M
$-12.4M
Q3 25
$-3.8M
$1.1M
Q2 25
$-5.1M
$1.6M
Q1 25
$-4.2M
$4.0M
Q4 24
$-4.2M
$-760.8K
Q3 24
$-3.6M
$366.0K
Q2 24
$-4.4M
$815.7K
Q1 24
$-4.0M
$1.5M
Operating Margin
EP
EP
EPSN
EPSN
Q4 25
-834.5%
-129.0%
Q3 25
-37.8%
6.7%
Q2 25
-56.0%
7.1%
Q1 25
-43.9%
44.3%
Q4 24
-38.9%
6.8%
Q3 24
-30.0%
3.3%
Q2 24
-15.0%
16.0%
Q1 24
-46.8%
17.6%
Net Margin
EP
EP
EPSN
EPSN
Q4 25
-835.1%
-83.9%
Q3 25
-40.9%
11.9%
Q2 25
-57.8%
13.3%
Q1 25
-46.9%
24.8%
Q4 24
-41.6%
-8.5%
Q3 24
-32.0%
5.0%
Q2 24
-34.3%
11.2%
Q1 24
-42.3%
18.9%
EPS (diluted)
EP
EP
EPSN
EPSN
Q4 25
$-1.74
$-0.55
Q3 25
$-0.11
$0.05
Q2 25
$-0.15
$0.07
Q1 25
$-0.12
$0.18
Q4 24
$-0.12
$-0.04
Q3 24
$-0.12
$0.02
Q2 24
$-0.15
$0.04
Q1 24
$-0.15
$0.07

Balance Sheet & Financial Strength

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

Metric
EP
EP
EPSN
EPSN
Cash + ST InvestmentsLiquidity on hand
$1.2M
$9.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$124.7M
Total Assets
$65.9M
$228.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
EPSN
EPSN
Q4 25
$1.2M
$9.0M
Q3 25
$4.6M
$12.8M
Q2 25
$2.3M
$9.9M
Q1 25
$1.1M
$6.9M
Q4 24
$2.3M
$6.5M
Q3 24
$3.1M
$8.3M
Q2 24
$9.3M
$8.6M
Q1 24
$3.5M
$2.3M
Total Debt
EP
EP
EPSN
EPSN
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
$8.5M
Stockholders' Equity
EP
EP
EPSN
EPSN
Q4 25
$-4.6M
$124.7M
Q3 25
$53.7M
$100.2M
Q2 25
$54.5M
$100.2M
Q1 25
$59.1M
$99.7M
Q4 24
$62.8M
$96.7M
Q3 24
$56.5M
$98.4M
Q2 24
$58.7M
$99.6M
Q1 24
$31.7M
$99.9M
Total Assets
EP
EP
EPSN
EPSN
Q4 25
$65.9M
$228.2M
Q3 25
$123.0M
$126.3M
Q2 25
$124.7M
$123.6M
Q1 25
$123.7M
$125.5M
Q4 24
$123.9M
$120.5M
Q3 24
$121.2M
$121.8M
Q2 24
$119.9M
$121.1M
Q1 24
$100.1M
$125.1M
Debt / Equity
EP
EP
EPSN
EPSN
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
0.27×

Cash Flow & Capital Efficiency

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

Metric
EP
EP
EPSN
EPSN
Operating Cash FlowLast quarter
$-2.8M
$-277.0K
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
EP
EP
EPSN
EPSN
Q4 25
$-2.8M
$-277.0K
Q3 25
$330.0K
$4.0M
Q2 25
$-3.1M
$8.3M
Q1 25
$1.6M
$8.6M
Q4 24
$-8.8M
$5.0M
Q3 24
$12.8M
$2.7M
Q2 24
$-1.8M
$5.4M
Q1 24
$3.9M
$3.7M
Cash Conversion
EP
EP
EPSN
EPSN
Q4 25
Q3 25
3.70×
Q2 25
5.38×
Q1 25
2.14×
Q4 24
Q3 24
7.50×
Q2 24
6.60×
Q1 24
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EP
EP

Segment breakdown not available.

EPSN
EPSN

Gas Oil Ngls And Condensate$13.3M90%
Gas Gathering And Compression$1.5M10%

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