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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and enCore Energy Corp. (EU). Click either name above to swap in a different company.
EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $12.4M, roughly 1.7× enCore Energy Corp.). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs -173.9%, a 179.1% gap on every dollar of revenue.
Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.
EPM vs EU — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $12.4M |
| Net Profit | $1.1M | $-21.5M |
| Gross Margin | 44.3% | 37.9% |
| Operating Margin | 3.2% | -135.9% |
| Net Margin | 5.2% | -173.9% |
| Revenue YoY | 2.0% | — |
| Net Profit YoY | 158.4% | — |
| EPS (diluted) | $0.03 | $-0.11 |
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.
| Q4 25 | $20.7M | $12.4M | ||
| Q3 25 | $21.3M | $8.9M | ||
| Q2 25 | $21.1M | $3.7M | ||
| Q1 25 | $22.6M | $18.2M | ||
| Q4 24 | $20.3M | — | ||
| Q3 24 | $21.9M | — | ||
| Q2 24 | $21.2M | — | ||
| Q1 24 | $23.0M | — |
| Q4 25 | $1.1M | $-21.5M | ||
| Q3 25 | $824.0K | $-4.8M | ||
| Q2 25 | $3.4M | $-6.3M | ||
| Q1 25 | $-2.2M | $-24.2M | ||
| Q4 24 | $-1.8M | — | ||
| Q3 24 | $2.1M | — | ||
| Q2 24 | $1.2M | — | ||
| Q1 24 | $289.0K | — |
| Q4 25 | 44.3% | 37.9% | ||
| Q3 25 | 38.5% | 43.8% | ||
| Q2 25 | 46.1% | 30.8% | ||
| Q1 25 | 40.7% | -0.1% | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 46.2% | — | ||
| Q2 24 | 46.3% | — | ||
| Q1 24 | 45.2% | — |
| Q4 25 | 3.2% | -135.9% | ||
| Q3 25 | -0.4% | -158.2% | ||
| Q2 25 | 6.3% | -526.1% | ||
| Q1 25 | 7.0% | -85.7% | ||
| Q4 24 | -3.0% | — | ||
| Q3 24 | 8.5% | — | ||
| Q2 24 | 11.3% | — | ||
| Q1 24 | 9.1% | — |
| Q4 25 | 5.2% | -173.9% | ||
| Q3 25 | 3.9% | -53.7% | ||
| Q2 25 | 16.2% | -172.7% | ||
| Q1 25 | -9.7% | -132.9% | ||
| Q4 24 | -9.0% | — | ||
| Q3 24 | 9.4% | — | ||
| Q2 24 | 5.8% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | $0.03 | $-0.11 | ||
| Q3 25 | $0.02 | $-0.03 | ||
| Q2 25 | $0.10 | $-0.03 | ||
| Q1 25 | $-0.07 | $-0.13 | ||
| Q4 24 | $-0.06 | — | ||
| Q3 24 | $0.06 | — | ||
| Q2 24 | $0.04 | — | ||
| Q1 24 | $0.01 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8M | $52.4M |
| Total DebtLower is stronger | — | $110.0M |
| Stockholders' EquityBook value | $67.5M | $229.2M |
| Total Assets | $169.3M | $430.4M |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $52.4M | ||
| Q3 25 | $714.0K | $91.9M | ||
| Q2 25 | $2.5M | $26.9M | ||
| Q1 25 | $5.6M | $29.7M | ||
| Q4 24 | $11.7M | — | ||
| Q3 24 | $6.9M | — | ||
| Q2 24 | $6.4M | — | ||
| Q1 24 | $3.1M | — |
| Q4 25 | — | $110.0M | ||
| Q3 25 | — | $109.3M | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $67.5M | $229.2M | ||
| Q3 25 | $69.1M | $248.6M | ||
| Q2 25 | $71.8M | $264.7M | ||
| Q1 25 | $71.7M | $267.9M | ||
| Q4 24 | $76.3M | — | ||
| Q3 24 | $79.6M | — | ||
| Q2 24 | $81.1M | — | ||
| Q1 24 | $83.5M | — |
| Q4 25 | $169.3M | $430.4M | ||
| Q3 25 | $169.1M | $441.9M | ||
| Q2 25 | $160.3M | $359.4M | ||
| Q1 25 | $156.4M | $362.6M | ||
| Q4 24 | $160.2M | — | ||
| Q3 24 | $157.9M | — | ||
| Q2 24 | $162.9M | — | ||
| Q1 24 | $166.5M | — |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.44× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.4M | $12.9M |
| Free Cash FlowOCF − Capex | — | $7.2M |
| FCF MarginFCF / Revenue | — | 57.8% |
| Capex IntensityCapex / Revenue | — | 46.7% |
| Cash ConversionOCF / Net Profit | 5.09× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-45.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.4M | $12.9M | ||
| Q3 25 | $7.8M | $-20.3M | ||
| Q2 25 | $10.5M | $-9.9M | ||
| Q1 25 | $7.3M | $-7.7M | ||
| Q4 24 | $7.7M | — | ||
| Q3 24 | $7.6M | — | ||
| Q2 24 | $8.0M | — | ||
| Q1 24 | $3.4M | — |
| Q4 25 | — | $7.2M | ||
| Q3 25 | — | $-26.3M | ||
| Q2 25 | — | $-14.1M | ||
| Q1 25 | — | $-11.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 57.8% | ||
| Q3 25 | — | -296.6% | ||
| Q2 25 | — | -385.2% | ||
| Q1 25 | — | -64.1% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 46.7% | ||
| Q3 25 | — | 68.0% | ||
| Q2 25 | — | 115.1% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | 5.09× | — | ||
| Q3 25 | 9.47× | — | ||
| Q2 25 | 3.06× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.69× | — | ||
| Q2 24 | 6.47× | — | ||
| Q1 24 | 11.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPM
| Crude Oil | $10.7M | 52% |
| Natural Gas Reserves | $7.4M | 36% |
| Natural Gas Liquids Reserves | $2.5M | 12% |
EU
Segment breakdown not available.
