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

MARCHEX INC is the larger business by last-quarter revenue ($10.8M vs $7.1M, roughly 1.5× EMPIRE PETROLEUM CORP). MARCHEX INC runs the higher net margin — -21.4% vs -835.1%, a 813.8% gap on every dollar of revenue. On growth, MARCHEX INC posted the faster year-over-year revenue change (-9.0% vs -30.0%). Over the past eight quarters, MARCHEX INC's revenue compounded faster (-3.2% 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.

Marchex Inc. is a U.S.-headquartered technology company focused on conversational analytics, call tracking, and digital marketing solutions for small and medium-sized businesses as well as enterprise clients across North America. Its core products help businesses optimize customer acquisition strategies, quantify marketing campaign performance, and improve customer engagement across voice and digital communication channels.

EP vs MCHX — Head-to-Head

Bigger by revenue
MCHX
MCHX
1.5× larger
MCHX
$10.8M
$7.1M
EP
Growing faster (revenue YoY)
MCHX
MCHX
+21.0% gap
MCHX
-9.0%
-30.0%
EP
Higher net margin
MCHX
MCHX
813.8% more per $
MCHX
-21.4%
-835.1%
EP
Faster 2-yr revenue CAGR
MCHX
MCHX
Annualised
MCHX
-3.2%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EP
EP
MCHX
MCHX
Revenue
$7.1M
$10.8M
Net Profit
$-59.0M
$-2.3M
Gross Margin
61.6%
Operating Margin
-834.5%
-21.9%
Net Margin
-835.1%
-21.4%
Revenue YoY
-30.0%
-9.0%
Net Profit YoY
-1306.0%
-21.3%
EPS (diluted)
$-1.74
$-0.05

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
MCHX
MCHX
Q4 25
$7.1M
$10.8M
Q3 25
$9.4M
$11.5M
Q2 25
$8.8M
$11.7M
Q1 25
$9.0M
$11.4M
Q4 24
$10.1M
$11.9M
Q3 24
$11.4M
$12.6M
Q2 24
$12.8M
$12.1M
Q1 24
$9.4M
$11.6M
Net Profit
EP
EP
MCHX
MCHX
Q4 25
$-59.0M
$-2.3M
Q3 25
$-3.8M
$-1.0M
Q2 25
$-5.1M
$84.0K
Q1 25
$-4.2M
$-2.0M
Q4 24
$-4.2M
$-1.9M
Q3 24
$-3.6M
$-831.0K
Q2 24
$-4.4M
$-756.0K
Q1 24
$-4.0M
$-1.4M
Gross Margin
EP
EP
MCHX
MCHX
Q4 25
61.6%
Q3 25
63.1%
Q2 25
65.1%
Q1 25
63.3%
Q4 24
63.2%
Q3 24
66.4%
Q2 24
65.6%
Q1 24
61.9%
Operating Margin
EP
EP
MCHX
MCHX
Q4 25
-834.5%
-21.9%
Q3 25
-37.8%
-8.2%
Q2 25
-56.0%
-4.6%
Q1 25
-43.9%
-16.4%
Q4 24
-38.9%
-13.3%
Q3 24
-30.0%
-6.6%
Q2 24
-15.0%
-6.0%
Q1 24
-46.8%
-11.3%
Net Margin
EP
EP
MCHX
MCHX
Q4 25
-835.1%
-21.4%
Q3 25
-40.9%
-8.9%
Q2 25
-57.8%
0.7%
Q1 25
-46.9%
-17.4%
Q4 24
-41.6%
-16.0%
Q3 24
-32.0%
-6.6%
Q2 24
-34.3%
-6.3%
Q1 24
-42.3%
-12.5%
EPS (diluted)
EP
EP
MCHX
MCHX
Q4 25
$-1.74
$-0.05
Q3 25
$-0.11
$-0.02
Q2 25
$-0.15
$0.00
Q1 25
$-0.12
$-0.05
Q4 24
$-0.12
$-0.04
Q3 24
$-0.12
$-0.02
Q2 24
$-0.15
$-0.02
Q1 24
$-0.15
$-0.03

Balance Sheet & Financial Strength

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

Metric
EP
EP
MCHX
MCHX
Cash + ST InvestmentsLiquidity on hand
$1.2M
$9.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$30.1M
Total Assets
$65.9M
$39.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
MCHX
MCHX
Q4 25
$1.2M
$9.9M
Q3 25
$4.6M
$10.3M
Q2 25
$2.3M
$10.5M
Q1 25
$1.1M
$10.0M
Q4 24
$2.3M
$12.8M
Q3 24
$3.1M
$12.1M
Q2 24
$9.3M
$12.0M
Q1 24
$3.5M
$12.0M
Total Debt
EP
EP
MCHX
MCHX
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
MCHX
MCHX
Q4 25
$-4.6M
$30.1M
Q3 25
$53.7M
$31.9M
Q2 25
$54.5M
$32.0M
Q1 25
$59.1M
$31.4M
Q4 24
$62.8M
$32.6M
Q3 24
$56.5M
$34.1M
Q2 24
$58.7M
$34.5M
Q1 24
$31.7M
$34.9M
Total Assets
EP
EP
MCHX
MCHX
Q4 25
$65.9M
$39.7M
Q3 25
$123.0M
$41.1M
Q2 25
$124.7M
$42.0M
Q1 25
$123.7M
$40.6M
Q4 24
$123.9M
$43.2M
Q3 24
$121.2M
$44.1M
Q2 24
$119.9M
$45.5M
Q1 24
$100.1M
$45.6M
Debt / Equity
EP
EP
MCHX
MCHX
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
MCHX
MCHX
Operating Cash FlowLast quarter
$-2.8M
$121.0K
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
MCHX
MCHX
Q4 25
$-2.8M
$121.0K
Q3 25
$330.0K
$290.0K
Q2 25
$-3.1M
$803.0K
Q1 25
$1.6M
$-2.6M
Q4 24
$-8.8M
$875.0K
Q3 24
$12.8M
$382.0K
Q2 24
$-1.8M
$117.0K
Q1 24
$3.9M
$-2.5M
Free Cash Flow
EP
EP
MCHX
MCHX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$757.0K
Q3 24
$199.0K
Q2 24
$40.0K
Q1 24
$-2.5M
FCF Margin
EP
EP
MCHX
MCHX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
6.3%
Q3 24
1.6%
Q2 24
0.3%
Q1 24
-21.4%
Capex Intensity
EP
EP
MCHX
MCHX
Q4 25
Q3 25
0.0%
Q2 25
Q1 25
Q4 24
1.0%
Q3 24
1.5%
Q2 24
0.6%
Q1 24
0.0%
Cash Conversion
EP
EP
MCHX
MCHX
Q4 25
Q3 25
Q2 25
9.56×
Q1 25
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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