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

EMPIRE PETROLEUM CORP is the larger business by last-quarter revenue ($7.1M vs $5.5M, roughly 1.3× IMMUCELL CORP). IMMUCELL CORP runs the higher net margin — -2.5% vs -835.1%, a 832.6% gap on every dollar of revenue. On growth, IMMUCELL CORP posted the faster year-over-year revenue change (-8.4% vs -30.0%). Over the past eight quarters, IMMUCELL CORP's revenue compounded faster (3.9% 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.

ImmuCell Corp is a US-based animal health biotechnology company that develops, manufactures and markets innovative products for livestock, primarily dairy cattle. Its core offerings include preventive and therapeutic solutions for common bovine health issues such as mastitis, serving agricultural producers and veterinary providers across North America.

EP vs ICCC — Head-to-Head

Bigger by revenue
EP
EP
1.3× larger
EP
$7.1M
$5.5M
ICCC
Growing faster (revenue YoY)
ICCC
ICCC
+21.6% gap
ICCC
-8.4%
-30.0%
EP
Higher net margin
ICCC
ICCC
832.6% more per $
ICCC
-2.5%
-835.1%
EP
Faster 2-yr revenue CAGR
ICCC
ICCC
Annualised
ICCC
3.9%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EP
EP
ICCC
ICCC
Revenue
$7.1M
$5.5M
Net Profit
$-59.0M
$-139.7K
Gross Margin
42.9%
Operating Margin
-834.5%
0.4%
Net Margin
-835.1%
-2.5%
Revenue YoY
-30.0%
-8.4%
Net Profit YoY
-1306.0%
80.1%
EPS (diluted)
$-1.74
$-0.02

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
ICCC
ICCC
Q4 25
$7.1M
Q3 25
$9.4M
$5.5M
Q2 25
$8.8M
$6.4M
Q1 25
$9.0M
$8.1M
Q4 24
$10.1M
$7.8M
Q3 24
$11.4M
$6.0M
Q2 24
$12.8M
$5.5M
Q1 24
$9.4M
$7.3M
Net Profit
EP
EP
ICCC
ICCC
Q4 25
$-59.0M
Q3 25
$-3.8M
$-139.7K
Q2 25
$-5.1M
$501.9K
Q1 25
$-4.2M
$1.4M
Q4 24
$-4.2M
Q3 24
$-3.6M
$-701.7K
Q2 24
$-4.4M
$-1.5M
Q1 24
$-4.0M
$-437.9K
Gross Margin
EP
EP
ICCC
ICCC
Q4 25
Q3 25
42.9%
Q2 25
43.7%
Q1 25
41.6%
Q4 24
36.5%
Q3 24
26.3%
Q2 24
22.5%
Q1 24
31.6%
Operating Margin
EP
EP
ICCC
ICCC
Q4 25
-834.5%
Q3 25
-37.8%
0.4%
Q2 25
-56.0%
8.8%
Q1 25
-43.9%
13.9%
Q4 24
-38.9%
8.0%
Q3 24
-30.0%
-9.6%
Q2 24
-15.0%
-25.3%
Q1 24
-46.8%
-4.1%
Net Margin
EP
EP
ICCC
ICCC
Q4 25
-835.1%
Q3 25
-40.9%
-2.5%
Q2 25
-57.8%
7.8%
Q1 25
-46.9%
17.9%
Q4 24
-41.6%
Q3 24
-32.0%
-11.7%
Q2 24
-34.3%
-28.0%
Q1 24
-42.3%
-6.0%
EPS (diluted)
EP
EP
ICCC
ICCC
Q4 25
$-1.74
Q3 25
$-0.11
$-0.02
Q2 25
$-0.15
$0.06
Q1 25
$-0.12
$0.16
Q4 24
$-0.12
$0.09
Q3 24
$-0.12
$-0.09
Q2 24
$-0.15
$-0.20
Q1 24
$-0.15
$-0.06

Balance Sheet & Financial Strength

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

Metric
EP
EP
ICCC
ICCC
Cash + ST InvestmentsLiquidity on hand
$1.2M
$3.9M
Total DebtLower is stronger
$9.5M
Stockholders' EquityBook value
$-4.6M
$29.8M
Total Assets
$65.9M
$45.7M
Debt / EquityLower = less leverage
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
ICCC
ICCC
Q4 25
$1.2M
Q3 25
$4.6M
$3.9M
Q2 25
$2.3M
Q1 25
$1.1M
Q4 24
$2.3M
$3.8M
Q3 24
$3.1M
Q2 24
$9.3M
$1.3M
Q1 24
$3.5M
$960.3K
Total Debt
EP
EP
ICCC
ICCC
Q4 25
Q3 25
$15.2M
$9.5M
Q2 25
$14.6M
Q1 25
$11.6M
$8.7M
Q4 24
$11.3M
$9.0M
Q3 24
$8.5M
$9.4M
Q2 24
$8.5M
$9.8M
Q1 24
$8.5M
$10.2M
Stockholders' Equity
EP
EP
ICCC
ICCC
Q4 25
$-4.6M
Q3 25
$53.7M
$29.8M
Q2 25
$54.5M
$29.9M
Q1 25
$59.1M
$29.0M
Q4 24
$62.8M
$27.5M
Q3 24
$56.5M
$26.4M
Q2 24
$58.7M
$23.5M
Q1 24
$31.7M
$24.6M
Total Assets
EP
EP
ICCC
ICCC
Q4 25
$65.9M
Q3 25
$123.0M
$45.7M
Q2 25
$124.7M
$46.7M
Q1 25
$123.7M
$45.6M
Q4 24
$123.9M
$45.1M
Q3 24
$121.2M
$44.4M
Q2 24
$119.9M
$41.9M
Q1 24
$100.1M
$43.1M
Debt / Equity
EP
EP
ICCC
ICCC
Q4 25
Q3 25
0.28×
0.32×
Q2 25
0.27×
Q1 25
0.20×
0.30×
Q4 24
0.18×
0.33×
Q3 24
0.15×
0.36×
Q2 24
0.15×
0.42×
Q1 24
0.27×
0.41×

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
ICCC
ICCC
Operating Cash FlowLast quarter
$-2.8M
$-1.2M
Free Cash FlowOCF − Capex
$-1.8M
FCF MarginFCF / Revenue
-32.3%
Capex IntensityCapex / Revenue
10.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$715.4K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EP
EP
ICCC
ICCC
Q4 25
$-2.8M
Q3 25
$330.0K
$-1.2M
Q2 25
$-3.1M
$1.6M
Q1 25
$1.6M
$1.6M
Q4 24
$-8.8M
$-3.1K
Q3 24
$12.8M
$-639.3K
Q2 24
$-1.8M
$581.8K
Q1 24
$3.9M
$418.5K
Free Cash Flow
EP
EP
ICCC
ICCC
Q4 25
Q3 25
$-1.8M
Q2 25
$1.4M
Q1 25
$1.2M
Q4 24
$-199.3K
Q3 24
$-727.7K
Q2 24
$471.0K
Q1 24
$348.1K
FCF Margin
EP
EP
ICCC
ICCC
Q4 25
Q3 25
-32.3%
Q2 25
22.4%
Q1 25
15.4%
Q4 24
-2.6%
Q3 24
-12.1%
Q2 24
8.6%
Q1 24
4.8%
Capex Intensity
EP
EP
ICCC
ICCC
Q4 25
Q3 25
10.8%
Q2 25
2.4%
Q1 25
4.1%
Q4 24
2.5%
Q3 24
1.5%
Q2 24
2.0%
Q1 24
1.0%
Cash Conversion
EP
EP
ICCC
ICCC
Q4 25
Q3 25
Q2 25
3.19×
Q1 25
1.09×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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