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

EMPIRE PETROLEUM CORP is the larger business by last-quarter revenue ($7.1M vs $6.2M, roughly 1.1× NVE CORP). NVE CORP runs the higher net margin — 54.4% vs -835.1%, a 889.5% gap on every dollar of revenue. On growth, NVE CORP posted the faster year-over-year revenue change (22.9% vs -30.0%). Over the past eight quarters, NVE CORP's revenue compounded faster (-6.3% 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.

NVE Corporation develops and manufactures spintronic-based electronic components, including high-performance magnetoresistive sensors, couplers, and signal isolators. Its products are used in industrial automation, automotive systems, medical devices, and IoT applications, serving global original equipment manufacturers and electronic component distributors.

EP vs NVEC — Head-to-Head

Bigger by revenue
EP
EP
1.1× larger
EP
$7.1M
$6.2M
NVEC
Growing faster (revenue YoY)
NVEC
NVEC
+53.0% gap
NVEC
22.9%
-30.0%
EP
Higher net margin
NVEC
NVEC
889.5% more per $
NVEC
54.4%
-835.1%
EP
Faster 2-yr revenue CAGR
NVEC
NVEC
Annualised
NVEC
-6.3%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
EP
EP
NVEC
NVEC
Revenue
$7.1M
$6.2M
Net Profit
$-59.0M
$3.4M
Gross Margin
78.6%
Operating Margin
-834.5%
60.2%
Net Margin
-835.1%
54.4%
Revenue YoY
-30.0%
22.9%
Net Profit YoY
-1306.0%
11.0%
EPS (diluted)
$-1.74
$0.70

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
NVEC
NVEC
Q4 25
$7.1M
$6.2M
Q3 25
$9.4M
$6.3M
Q2 25
$8.8M
$6.1M
Q1 25
$9.0M
$7.3M
Q4 24
$10.1M
$5.1M
Q3 24
$11.4M
$6.8M
Q2 24
$12.8M
$6.8M
Q1 24
$9.4M
$7.1M
Net Profit
EP
EP
NVEC
NVEC
Q4 25
$-59.0M
$3.4M
Q3 25
$-3.8M
$3.3M
Q2 25
$-5.1M
$3.6M
Q1 25
$-4.2M
$3.9M
Q4 24
$-4.2M
$3.0M
Q3 24
$-3.6M
$4.0M
Q2 24
$-4.4M
$4.1M
Q1 24
$-4.0M
$3.8M
Gross Margin
EP
EP
NVEC
NVEC
Q4 25
78.6%
Q3 25
78.3%
Q2 25
80.6%
Q1 25
79.2%
Q4 24
84.2%
Q3 24
86.0%
Q2 24
85.6%
Q1 24
75.5%
Operating Margin
EP
EP
NVEC
NVEC
Q4 25
-834.5%
60.2%
Q3 25
-37.8%
57.6%
Q2 25
-56.0%
62.0%
Q1 25
-43.9%
58.4%
Q4 24
-38.9%
58.5%
Q3 24
-30.0%
65.0%
Q2 24
-15.0%
64.7%
Q1 24
-46.8%
57.3%
Net Margin
EP
EP
NVEC
NVEC
Q4 25
-835.1%
54.4%
Q3 25
-40.9%
52.2%
Q2 25
-57.8%
58.6%
Q1 25
-46.9%
53.5%
Q4 24
-41.6%
60.2%
Q3 24
-32.0%
59.6%
Q2 24
-34.3%
60.4%
Q1 24
-42.3%
53.8%
EPS (diluted)
EP
EP
NVEC
NVEC
Q4 25
$-1.74
$0.70
Q3 25
$-0.11
$0.68
Q2 25
$-0.15
$0.74
Q1 25
$-0.12
$0.80
Q4 24
$-0.12
$0.63
Q3 24
$-0.12
$0.83
Q2 24
$-0.15
$0.85
Q1 24
$-0.15
$0.78

Balance Sheet & Financial Strength

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

Metric
EP
EP
NVEC
NVEC
Cash + ST InvestmentsLiquidity on hand
$1.2M
$20.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$58.3M
Total Assets
$65.9M
$60.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
NVEC
NVEC
Q4 25
$1.2M
$20.6M
Q3 25
$4.6M
$17.7M
Q2 25
$2.3M
$15.8M
Q1 25
$1.1M
$21.7M
Q4 24
$2.3M
$20.4M
Q3 24
$3.1M
$22.9M
Q2 24
$9.3M
$21.7M
Q1 24
$3.5M
$22.2M
Total Debt
EP
EP
NVEC
NVEC
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
NVEC
NVEC
Q4 25
$-4.6M
$58.3M
Q3 25
$53.7M
$59.7M
Q2 25
$54.5M
$61.1M
Q1 25
$59.1M
$62.3M
Q4 24
$62.8M
$63.0M
Q3 24
$56.5M
$64.9M
Q2 24
$58.7M
$64.9M
Q1 24
$31.7M
$65.6M
Total Assets
EP
EP
NVEC
NVEC
Q4 25
$65.9M
$60.0M
Q3 25
$123.0M
$61.5M
Q2 25
$124.7M
$63.6M
Q1 25
$123.7M
$64.3M
Q4 24
$123.9M
$64.6M
Q3 24
$121.2M
$65.9M
Q2 24
$119.9M
$66.7M
Q1 24
$100.1M
$66.8M
Debt / Equity
EP
EP
NVEC
NVEC
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
NVEC
NVEC
Operating Cash FlowLast quarter
$-2.8M
$4.2M
Free Cash FlowOCF − Capex
$-4.8M
FCF MarginFCF / Revenue
-77.0%
Capex IntensityCapex / Revenue
144.3%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EP
EP
NVEC
NVEC
Q4 25
$-2.8M
$4.2M
Q3 25
$330.0K
$2.8M
Q2 25
$-3.1M
$5.2M
Q1 25
$1.6M
$2.5M
Q4 24
$-8.8M
$3.8M
Q3 24
$12.8M
$2.1M
Q2 24
$-1.8M
$5.9M
Q1 24
$3.9M
$3.1M
Free Cash Flow
EP
EP
NVEC
NVEC
Q4 25
$-4.8M
Q3 25
$2.7M
Q2 25
$4.1M
Q1 25
$-7.5M
Q4 24
$-6.3M
Q3 24
$1.9M
Q2 24
$4.9M
Q1 24
FCF Margin
EP
EP
NVEC
NVEC
Q4 25
-77.0%
Q3 25
42.9%
Q2 25
67.7%
Q1 25
-103.7%
Q4 24
-124.7%
Q3 24
28.5%
Q2 24
72.8%
Q1 24
Capex Intensity
EP
EP
NVEC
NVEC
Q4 25
144.3%
Q3 25
1.1%
Q2 25
17.3%
Q1 25
137.9%
Q4 24
200.6%
Q3 24
3.1%
Q2 24
13.5%
Q1 24
0.0%
Cash Conversion
EP
EP
NVEC
NVEC
Q4 25
1.24×
Q3 25
0.84×
Q2 25
1.45×
Q1 25
0.64×
Q4 24
1.26×
Q3 24
0.53×
Q2 24
1.43×
Q1 24
0.82×

Financial Flow Comparison

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

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