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

EMPIRE PETROLEUM CORP is the larger business by last-quarter revenue ($7.1M vs $4.6M, roughly 1.5× NeoVolta Inc.). NeoVolta Inc. runs the higher net margin — -119.2% vs -835.1%, a 715.9% gap on every dollar of revenue. On growth, NeoVolta Inc. posted the faster year-over-year revenue change (333.5% vs -30.0%). Over the past eight quarters, NeoVolta Inc.'s revenue compounded faster (304.5% 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.

NeoVolta Inc. designs, manufactures and distributes intelligent lithium iron phosphate energy storage systems for residential and commercial use. Its products combine battery packs, inverters and smart management software to store solar power, cut grid dependence and offer outage backup, with core business focused on the North American market.

EP vs NEOV — Head-to-Head

Bigger by revenue
EP
EP
1.5× larger
EP
$7.1M
$4.6M
NEOV
Growing faster (revenue YoY)
NEOV
NEOV
+363.5% gap
NEOV
333.5%
-30.0%
EP
Higher net margin
NEOV
NEOV
715.9% more per $
NEOV
-119.2%
-835.1%
EP
Faster 2-yr revenue CAGR
NEOV
NEOV
Annualised
NEOV
304.5%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
EP
EP
NEOV
NEOV
Revenue
$7.1M
$4.6M
Net Profit
$-59.0M
$-5.5M
Gross Margin
16.6%
Operating Margin
-834.5%
-96.4%
Net Margin
-835.1%
-119.2%
Revenue YoY
-30.0%
333.5%
Net Profit YoY
-1306.0%
-470.3%
EPS (diluted)
$-1.74
$-0.16

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
NEOV
NEOV
Q4 25
$7.1M
$4.6M
Q3 25
$9.4M
$6.7M
Q2 25
$8.8M
$4.8M
Q1 25
$9.0M
$2.0M
Q4 24
$10.1M
$1.1M
Q3 24
$11.4M
$590.2K
Q2 24
$12.8M
$579.2K
Q1 24
$9.4M
$283.9K
Net Profit
EP
EP
NEOV
NEOV
Q4 25
$-59.0M
$-5.5M
Q3 25
$-3.8M
$-1.2M
Q2 25
$-5.1M
$-1.6M
Q1 25
$-4.2M
$-1.4M
Q4 24
$-4.2M
$-971.1K
Q3 24
$-3.6M
$-964.5K
Q2 24
$-4.4M
Q1 24
$-4.0M
$-589.5K
Gross Margin
EP
EP
NEOV
NEOV
Q4 25
16.6%
Q3 25
23.7%
Q2 25
12.1%
Q1 25
25.5%
Q4 24
30.2%
Q3 24
15.7%
Q2 24
3.0%
Q1 24
58.5%
Operating Margin
EP
EP
NEOV
NEOV
Q4 25
-834.5%
-96.4%
Q3 25
-37.8%
-12.8%
Q2 25
-56.0%
-30.2%
Q1 25
-43.9%
-68.1%
Q4 24
-38.9%
-88.4%
Q3 24
-30.0%
-163.6%
Q2 24
-15.0%
Q1 24
-46.8%
-211.5%
Net Margin
EP
EP
NEOV
NEOV
Q4 25
-835.1%
-119.2%
Q3 25
-40.9%
-18.7%
Q2 25
-57.8%
-34.7%
Q1 25
-46.9%
-72.0%
Q4 24
-41.6%
-90.6%
Q3 24
-32.0%
-163.4%
Q2 24
-34.3%
Q1 24
-42.3%
-207.6%
EPS (diluted)
EP
EP
NEOV
NEOV
Q4 25
$-1.74
$-0.16
Q3 25
$-0.11
$-0.04
Q2 25
$-0.15
$-0.05
Q1 25
$-0.12
$-0.04
Q4 24
$-0.12
$-0.03
Q3 24
$-0.12
$-0.03
Q2 24
$-0.15
Q1 24
$-0.15
$-0.02

Balance Sheet & Financial Strength

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

Metric
EP
EP
NEOV
NEOV
Cash + ST InvestmentsLiquidity on hand
$1.2M
$242.4K
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$5.0M
Total Assets
$65.9M
$10.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
NEOV
NEOV
Q4 25
$1.2M
$242.4K
Q3 25
$4.6M
$889.8K
Q2 25
$2.3M
$794.8K
Q1 25
$1.1M
$536.0K
Q4 24
$2.3M
$328.7K
Q3 24
$3.1M
$393.4K
Q2 24
$9.3M
$986.4K
Q1 24
$3.5M
$1.0M
Total Debt
EP
EP
NEOV
NEOV
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
NEOV
NEOV
Q4 25
$-4.6M
$5.0M
Q3 25
$53.7M
$2.1M
Q2 25
$54.5M
$2.9M
Q1 25
$59.1M
$3.8M
Q4 24
$62.8M
$3.3M
Q3 24
$56.5M
$3.9M
Q2 24
$58.7M
$4.6M
Q1 24
$31.7M
$5.1M
Total Assets
EP
EP
NEOV
NEOV
Q4 25
$65.9M
$10.1M
Q3 25
$123.0M
$8.4M
Q2 25
$124.7M
$6.8M
Q1 25
$123.7M
$5.7M
Q4 24
$123.9M
$4.0M
Q3 24
$121.2M
$4.2M
Q2 24
$119.9M
$4.7M
Q1 24
$100.1M
$5.2M
Debt / Equity
EP
EP
NEOV
NEOV
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
NEOV
NEOV
Operating Cash FlowLast quarter
$-2.8M
$-2.1M
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
NEOV
NEOV
Q4 25
$-2.8M
$-2.1M
Q3 25
$330.0K
$-2.5M
Q2 25
$-3.1M
$-924.2K
Q1 25
$1.6M
$-2.1M
Q4 24
$-8.8M
$-858.3K
Q3 24
$12.8M
$-593.0K
Q2 24
$-1.8M
$-1.0M
Q1 24
$3.9M
$-485.3K

Financial Flow Comparison

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

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