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Side-by-side financial comparison of EMPIRE PETROLEUM CORP (EP) and Metalla Royalty & Streaming Ltd. (MTA). Click either name above to swap in a different company.

EMPIRE PETROLEUM CORP is the larger business by last-quarter revenue ($7.1M vs $3.8M, roughly 1.9× Metalla Royalty & Streaming Ltd.). Metalla Royalty & Streaming Ltd. runs the higher net margin — -117.1% vs -835.1%, a 718.1% gap on every dollar of revenue.

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.

Metalla Royalty & Streaming Ltd. is a precious metals royalty and streaming firm focused on gold, silver, and strategic mineral assets primarily across North America. It partners with mining operators to earn stable, leveraged returns without incurring the high costs and operational risks of direct mine ownership, catering to investors seeking low-volatility exposure to precious metals markets.

EP vs MTA — Head-to-Head

Bigger by revenue
EP
EP
1.9× larger
EP
$7.1M
$3.8M
MTA
Higher net margin
MTA
MTA
718.1% more per $
MTA
-117.1%
-835.1%
EP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
EP
EP
MTA
MTA
Revenue
$7.1M
$3.8M
Net Profit
$-59.0M
$-4.4M
Gross Margin
50.4%
Operating Margin
-834.5%
Net Margin
-835.1%
-117.1%
Revenue YoY
-30.0%
Net Profit YoY
-1306.0%
EPS (diluted)
$-1.74

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
MTA
MTA
Q4 25
$7.1M
Q3 25
$9.4M
$3.8M
Q2 25
$8.8M
$2.1M
Q1 25
$9.0M
$1.3M
Q4 24
$10.1M
Q3 24
$11.4M
$3.3M
Q2 24
$12.8M
Q1 24
$9.4M
$981.0K
Net Profit
EP
EP
MTA
MTA
Q4 25
$-59.0M
Q3 25
$-3.8M
$-4.4M
Q2 25
$-5.1M
$-3.2M
Q1 25
$-4.2M
$-1.7M
Q4 24
$-4.2M
Q3 24
$-3.6M
$-4.0M
Q2 24
$-4.4M
Q1 24
$-4.0M
$-1.4M
Gross Margin
EP
EP
MTA
MTA
Q4 25
Q3 25
50.4%
Q2 25
39.7%
Q1 25
39.2%
Q4 24
Q3 24
48.5%
Q2 24
Q1 24
59.3%
Operating Margin
EP
EP
MTA
MTA
Q4 25
-834.5%
Q3 25
-37.8%
Q2 25
-56.0%
Q1 25
-43.9%
-102.5%
Q4 24
-38.9%
Q3 24
-30.0%
-176.4%
Q2 24
-15.0%
Q1 24
-46.8%
-121.5%
Net Margin
EP
EP
MTA
MTA
Q4 25
-835.1%
Q3 25
-40.9%
-117.1%
Q2 25
-57.8%
-151.3%
Q1 25
-46.9%
-138.0%
Q4 24
-41.6%
Q3 24
-32.0%
-120.3%
Q2 24
-34.3%
Q1 24
-42.3%
-138.2%
EPS (diluted)
EP
EP
MTA
MTA
Q4 25
$-1.74
Q3 25
$-0.11
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
MTA
MTA
Cash + ST InvestmentsLiquidity on hand
$1.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
Total Assets
$65.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
MTA
MTA
Q4 25
$1.2M
Q3 25
$4.6M
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
MTA
MTA
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
MTA
MTA
Q4 25
$-4.6M
Q3 25
$53.7M
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
MTA
MTA
Q4 25
$65.9M
Q3 25
$123.0M
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
MTA
MTA
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
MTA
MTA
Operating Cash FlowLast quarter
$-2.8M
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
MTA
MTA
Q4 25
$-2.8M
Q3 25
$330.0K
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.

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