vs

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

SOLESENCE, INC. is the larger business by last-quarter revenue ($12.5M vs $7.1M, roughly 1.8× EMPIRE PETROLEUM CORP). SOLESENCE, INC. runs the higher net margin — 1.3% vs -835.1%, a 836.5% gap on every dollar of revenue. On growth, SOLESENCE, INC. posted the faster year-over-year revenue change (-0.7% vs -30.0%). Over the past eight quarters, SOLESENCE, INC.'s revenue compounded faster (12.5% 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.

EP vs SLSN — Head-to-Head

Bigger by revenue
SLSN
SLSN
1.8× larger
SLSN
$12.5M
$7.1M
EP
Growing faster (revenue YoY)
SLSN
SLSN
+29.4% gap
SLSN
-0.7%
-30.0%
EP
Higher net margin
SLSN
SLSN
836.5% more per $
SLSN
1.3%
-835.1%
EP
Faster 2-yr revenue CAGR
SLSN
SLSN
Annualised
SLSN
12.5%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EP
EP
SLSN
SLSN
Revenue
$7.1M
$12.5M
Net Profit
$-59.0M
$163.0K
Gross Margin
27.5%
Operating Margin
-834.5%
1.5%
Net Margin
-835.1%
1.3%
Revenue YoY
-30.0%
-0.7%
Net Profit YoY
-1306.0%
129.2%
EPS (diluted)
$-1.74
$0.00

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
SLSN
SLSN
Q4 25
$7.1M
$12.5M
Q3 25
$9.4M
$14.6M
Q2 25
$8.8M
$20.4M
Q1 25
$9.0M
$14.6M
Q4 24
$10.1M
$12.6M
Q3 24
$11.4M
$16.9M
Q2 24
$12.8M
$13.0M
Q1 24
$9.4M
$9.9M
Net Profit
EP
EP
SLSN
SLSN
Q4 25
$-59.0M
$163.0K
Q3 25
$-3.8M
$-1.1M
Q2 25
$-5.1M
$2.7M
Q1 25
$-4.2M
$80.0K
Q4 24
$-4.2M
$-559.0K
Q3 24
$-3.6M
$3.0M
Q2 24
$-4.4M
$856.0K
Q1 24
$-4.0M
$893.0K
Gross Margin
EP
EP
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
EP
EP
SLSN
SLSN
Q4 25
-834.5%
1.5%
Q3 25
-37.8%
-5.4%
Q2 25
-56.0%
9.4%
Q1 25
-43.9%
1.8%
Q4 24
-38.9%
-1.8%
Q3 24
-30.0%
19.0%
Q2 24
-15.0%
8.0%
Q1 24
-46.8%
11.3%
Net Margin
EP
EP
SLSN
SLSN
Q4 25
-835.1%
1.3%
Q3 25
-40.9%
-7.7%
Q2 25
-57.8%
13.1%
Q1 25
-46.9%
0.5%
Q4 24
-41.6%
-4.4%
Q3 24
-32.0%
18.1%
Q2 24
-34.3%
6.6%
Q1 24
-42.3%
9.0%
EPS (diluted)
EP
EP
SLSN
SLSN
Q4 25
$-1.74
$0.00
Q3 25
$-0.11
$-0.02
Q2 25
$-0.15
$0.04
Q1 25
$-0.12
$0.00
Q4 24
$-0.12
$0.00
Q3 24
$-0.12
$0.04
Q2 24
$-0.15
$0.01
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
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$1.2M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$17.6M
Total Assets
$65.9M
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
SLSN
SLSN
Q4 25
$1.2M
$1.3M
Q3 25
$4.6M
$429.0K
Q2 25
$2.3M
$4.1M
Q1 25
$1.1M
$1.8M
Q4 24
$2.3M
$1.4M
Q3 24
$3.1M
$2.9M
Q2 24
$9.3M
$2.4M
Q1 24
$3.5M
$2.0M
Total Debt
EP
EP
SLSN
SLSN
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
SLSN
SLSN
Q4 25
$-4.6M
$17.6M
Q3 25
$53.7M
$17.2M
Q2 25
$54.5M
$18.2M
Q1 25
$59.1M
$15.2M
Q4 24
$62.8M
$14.9M
Q3 24
$56.5M
$15.2M
Q2 24
$58.7M
$11.9M
Q1 24
$31.7M
$5.0M
Total Assets
EP
EP
SLSN
SLSN
Q4 25
$65.9M
$50.1M
Q3 25
$123.0M
$54.0M
Q2 25
$124.7M
$60.0M
Q1 25
$123.7M
$57.0M
Q4 24
$123.9M
$50.0M
Q3 24
$121.2M
$48.0M
Q2 24
$119.9M
$40.8M
Q1 24
$100.1M
$38.5M
Debt / Equity
EP
EP
SLSN
SLSN
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
SLSN
SLSN
Operating Cash FlowLast quarter
$-2.8M
$1.8M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
11.16×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EP
EP
SLSN
SLSN
Q4 25
$-2.8M
$1.8M
Q3 25
$330.0K
$-2.5M
Q2 25
$-3.1M
$-654.0K
Q1 25
$1.6M
$-7.2M
Q4 24
$-8.8M
$2.2M
Q3 24
$12.8M
$4.2M
Q2 24
$-1.8M
$-565.0K
Q1 24
$3.9M
$-3.9M
Free Cash Flow
EP
EP
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$-404.0K
Q3 24
$2.8M
Q2 24
$-1.0M
Q1 24
$-3.9M
FCF Margin
EP
EP
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-3.2%
Q3 24
16.6%
Q2 24
-8.0%
Q1 24
-39.9%
Capex Intensity
EP
EP
SLSN
SLSN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
20.6%
Q3 24
8.3%
Q2 24
3.7%
Q1 24
0.9%
Cash Conversion
EP
EP
SLSN
SLSN
Q4 25
11.16×
Q3 25
Q2 25
-0.25×
Q1 25
-90.26×
Q4 24
Q3 24
1.38×
Q2 24
-0.66×
Q1 24
-4.32×

Financial Flow Comparison

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

Related Comparisons