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

SUTRO BIOPHARMA, INC. is the larger business by last-quarter revenue ($11.6M vs $7.1M, roughly 1.6× EMPIRE PETROLEUM CORP). On growth, SUTRO BIOPHARMA, INC. posted the faster year-over-year revenue change (-21.4% vs -30.0%). Over the past eight quarters, SUTRO BIOPHARMA, INC.'s revenue compounded faster (-5.4% 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.

Sutro Biopharma, Inc. is a publicly traded biotechnology company headquartered in South San Francisco, California focused on clinical-stage drug discovery, development and manufacturing. Using a proprietary cell-free protein synthesis platform, Sutro is working on oncology therapeutics using protein engineering and rational design. Founded in 2003 under the name Fundamental Applied Biology, the company name changed to Sutro Biopharma in 2009. William Newell, CEO as of 2024, joined Sutro in Ja...

EP vs STRO — Head-to-Head

Bigger by revenue
STRO
STRO
1.6× larger
STRO
$11.6M
$7.1M
EP
Growing faster (revenue YoY)
STRO
STRO
+8.7% gap
STRO
-21.4%
-30.0%
EP
Faster 2-yr revenue CAGR
STRO
STRO
Annualised
STRO
-5.4%
-13.3%
EP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EP
EP
STRO
STRO
Revenue
$7.1M
$11.6M
Net Profit
$-59.0M
Gross Margin
Operating Margin
-834.5%
Net Margin
-835.1%
Revenue YoY
-30.0%
-21.4%
Net Profit YoY
-1306.0%
35.4%
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
STRO
STRO
Q4 25
$7.1M
$11.6M
Q3 25
$9.4M
$9.7M
Q2 25
$8.8M
$63.7M
Q1 25
$9.0M
$17.4M
Q4 24
$10.1M
$14.8M
Q3 24
$11.4M
$8.5M
Q2 24
$12.8M
$25.7M
Q1 24
$9.4M
$13.0M
Net Profit
EP
EP
STRO
STRO
Q4 25
$-59.0M
Q3 25
$-3.8M
$-56.9M
Q2 25
$-5.1M
$-11.5M
Q1 25
$-4.2M
$-76.0M
Q4 24
$-4.2M
$-72.4M
Q3 24
$-3.6M
$-48.8M
Q2 24
$-4.4M
$-48.0M
Q1 24
$-4.0M
$-58.2M
Operating Margin
EP
EP
STRO
STRO
Q4 25
-834.5%
Q3 25
-37.8%
-499.9%
Q2 25
-56.0%
-5.2%
Q1 25
-43.9%
-393.8%
Q4 24
-38.9%
-440.7%
Q3 24
-30.0%
-797.2%
Q2 24
-15.0%
-189.4%
Q1 24
-46.8%
-435.0%
Net Margin
EP
EP
STRO
STRO
Q4 25
-835.1%
Q3 25
-40.9%
-586.6%
Q2 25
-57.8%
-18.0%
Q1 25
-46.9%
-436.6%
Q4 24
-41.6%
-489.2%
Q3 24
-32.0%
-572.6%
Q2 24
-34.3%
-186.8%
Q1 24
-42.3%
-447.5%
EPS (diluted)
EP
EP
STRO
STRO
Q4 25
$-1.74
Q3 25
$-0.11
$-0.67
Q2 25
$-0.15
$-0.14
Q1 25
$-0.12
$-0.91
Q4 24
$-0.12
$-27.63
Q3 24
$-0.12
$-0.59
Q2 24
$-0.15
$-0.59
Q1 24
$-0.15
$-0.59

Balance Sheet & Financial Strength

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

Metric
EP
EP
STRO
STRO
Cash + ST InvestmentsLiquidity on hand
$1.2M
$141.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$-4.6M
$-132.5M
Total Assets
$65.9M
$173.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EP
EP
STRO
STRO
Q4 25
$1.2M
$141.4M
Q3 25
$4.6M
$167.6M
Q2 25
$2.3M
$205.1M
Q1 25
$1.1M
$249.0M
Q4 24
$2.3M
$316.9M
Q3 24
$3.1M
$388.3M
Q2 24
$9.3M
$375.6M
Q1 24
$3.5M
$267.6M
Total Debt
EP
EP
STRO
STRO
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
STRO
STRO
Q4 25
$-4.6M
$-132.5M
Q3 25
$53.7M
$-87.3M
Q2 25
$54.5M
$-32.1M
Q1 25
$59.1M
$-25.8M
Q4 24
$62.8M
$44.6M
Q3 24
$56.5M
$111.2M
Q2 24
$58.7M
$152.2M
Q1 24
$31.7M
$98.0M
Total Assets
EP
EP
STRO
STRO
Q4 25
$65.9M
$173.8M
Q3 25
$123.0M
$209.7M
Q2 25
$124.7M
$262.4M
Q1 25
$123.7M
$321.4M
Q4 24
$123.9M
$387.2M
Q3 24
$121.2M
$451.8M
Q2 24
$119.9M
$489.0M
Q1 24
$100.1M
$403.4M
Debt / Equity
EP
EP
STRO
STRO
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
STRO
STRO
Operating Cash FlowLast quarter
$-2.8M
$-177.2M
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
STRO
STRO
Q4 25
$-2.8M
$-177.2M
Q3 25
$330.0K
$-38.2M
Q2 25
$-3.1M
$-44.7M
Q1 25
$1.6M
$-67.9M
Q4 24
$-8.8M
$-71.7M
Q3 24
$12.8M
$-64.5M
Q2 24
$-1.8M
$9.5M
Q1 24
$3.9M
$-64.7M

Financial Flow Comparison

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

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