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

iPower Inc. is the larger business by last-quarter revenue ($12.0M vs $7.1M, roughly 1.7× EMPIRE PETROLEUM CORP). On growth, EMPIRE PETROLEUM CORP posted the faster year-over-year revenue change (-30.0% vs -36.8%).

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.

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

EP vs IPW — Head-to-Head

Bigger by revenue
IPW
IPW
1.7× larger
IPW
$12.0M
$7.1M
EP
Growing faster (revenue YoY)
EP
EP
+6.8% gap
EP
-30.0%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
EP
EP
IPW
IPW
Revenue
$7.1M
$12.0M
Net Profit
$-59.0M
Gross Margin
40.0%
Operating Margin
-834.5%
-14.1%
Net Margin
-835.1%
Revenue YoY
-30.0%
-36.8%
Net Profit YoY
-1306.0%
EPS (diluted)
$-1.74
$-0.51

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
IPW
IPW
Q4 25
$7.1M
Q3 25
$9.4M
$12.0M
Q2 25
$8.8M
Q1 25
$9.0M
Q4 24
$10.1M
Q3 24
$11.4M
Q2 24
$12.8M
Q1 24
$9.4M
Net Profit
EP
EP
IPW
IPW
Q4 25
$-59.0M
Q3 25
$-3.8M
Q2 25
$-5.1M
Q1 25
$-4.2M
Q4 24
$-4.2M
Q3 24
$-3.6M
Q2 24
$-4.4M
Q1 24
$-4.0M
Gross Margin
EP
EP
IPW
IPW
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
EP
EP
IPW
IPW
Q4 25
-834.5%
Q3 25
-37.8%
-14.1%
Q2 25
-56.0%
Q1 25
-43.9%
Q4 24
-38.9%
Q3 24
-30.0%
Q2 24
-15.0%
Q1 24
-46.8%
Net Margin
EP
EP
IPW
IPW
Q4 25
-835.1%
Q3 25
-40.9%
Q2 25
-57.8%
Q1 25
-46.9%
Q4 24
-41.6%
Q3 24
-32.0%
Q2 24
-34.3%
Q1 24
-42.3%
EPS (diluted)
EP
EP
IPW
IPW
Q4 25
$-1.74
Q3 25
$-0.11
$-0.51
Q2 25
$-0.15
Q1 25
$-0.12
Q4 24
$-0.12
Q3 24
$-0.12
Q2 24
$-0.15
Q1 24
$-0.15

Balance Sheet & Financial Strength

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

Metric
EP
EP
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$1.2M
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$17.9M
Total Assets
$65.9M
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
IPW
IPW
Q4 25
$1.2M
Q3 25
$4.6M
$904.0K
Q2 25
$2.3M
Q1 25
$1.1M
Q4 24
$2.3M
Q3 24
$3.1M
Q2 24
$9.3M
Q1 24
$3.5M
Total Debt
EP
EP
IPW
IPW
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
IPW
IPW
Q4 25
$-4.6M
Q3 25
$53.7M
$17.9M
Q2 25
$54.5M
Q1 25
$59.1M
Q4 24
$62.8M
Q3 24
$56.5M
Q2 24
$58.7M
Q1 24
$31.7M
Total Assets
EP
EP
IPW
IPW
Q4 25
$65.9M
Q3 25
$123.0M
$28.6M
Q2 25
$124.7M
Q1 25
$123.7M
Q4 24
$123.9M
Q3 24
$121.2M
Q2 24
$119.9M
Q1 24
$100.1M
Debt / Equity
EP
EP
IPW
IPW
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
IPW
IPW
Operating Cash FlowLast quarter
$-2.8M
$1.7M
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
IPW
IPW
Q4 25
$-2.8M
Q3 25
$330.0K
$1.7M
Q2 25
$-3.1M
Q1 25
$1.6M
Q4 24
$-8.8M
Q3 24
$12.8M
Q2 24
$-1.8M
Q1 24
$3.9M

Financial Flow Comparison

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

Revenue Breakdown by Segment

EP
EP

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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