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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and Farmmi, Inc. (FAMI). Click either name above to swap in a different company.

EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $16.1M, roughly 1.3× Farmmi, Inc.). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs -0.3%, a 5.4% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -55.7%).

Farmmi Inc. is a company that processes and sells agricultural products in China and abroad; it grows and markets shiitake and wood ear mushrooms and other edible fungi products, including bamboo fungi, chestnut mushroom, trumpet royale, hen of the woods, lawyer's wig, and lion's mane mushroom. It also operates Farmmi Jicai, an online store that sells edible fungi products under the Forasen and Farmmi Liangpin brands. In addition, the company exports dried whole and sliced shiitake mushrooms,...

EPM vs FAMI — Head-to-Head

Bigger by revenue
EPM
EPM
1.3× larger
EPM
$20.7M
$16.1M
FAMI
Growing faster (revenue YoY)
EPM
EPM
+57.7% gap
EPM
2.0%
-55.7%
FAMI
Higher net margin
EPM
EPM
5.4% more per $
EPM
5.2%
-0.3%
FAMI

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
EPM
EPM
FAMI
FAMI
Revenue
$20.7M
$16.1M
Net Profit
$1.1M
$-44.0K
Gross Margin
44.3%
5.0%
Operating Margin
3.2%
-4.1%
Net Margin
5.2%
-0.3%
Revenue YoY
2.0%
-55.7%
Net Profit YoY
158.4%
-107.0%
EPS (diluted)
$0.03
$-0.04

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
EPM
EPM
FAMI
FAMI
Q4 25
$20.7M
Q3 25
$21.3M
Q2 25
$21.1M
Q1 25
$22.6M
$16.1M
Q4 24
$20.3M
Q3 24
$21.9M
Q2 24
$21.2M
Q1 24
$23.0M
$36.4M
Net Profit
EPM
EPM
FAMI
FAMI
Q4 25
$1.1M
Q3 25
$824.0K
Q2 25
$3.4M
Q1 25
$-2.2M
$-44.0K
Q4 24
$-1.8M
Q3 24
$2.1M
Q2 24
$1.2M
Q1 24
$289.0K
$630.5K
Gross Margin
EPM
EPM
FAMI
FAMI
Q4 25
44.3%
Q3 25
38.5%
Q2 25
46.1%
Q1 25
40.7%
5.0%
Q4 24
36.9%
Q3 24
46.2%
Q2 24
46.3%
Q1 24
45.2%
5.9%
Operating Margin
EPM
EPM
FAMI
FAMI
Q4 25
3.2%
Q3 25
-0.4%
Q2 25
6.3%
Q1 25
7.0%
-4.1%
Q4 24
-3.0%
Q3 24
8.5%
Q2 24
11.3%
Q1 24
9.1%
2.5%
Net Margin
EPM
EPM
FAMI
FAMI
Q4 25
5.2%
Q3 25
3.9%
Q2 25
16.2%
Q1 25
-9.7%
-0.3%
Q4 24
-9.0%
Q3 24
9.4%
Q2 24
5.8%
Q1 24
1.3%
1.7%
EPS (diluted)
EPM
EPM
FAMI
FAMI
Q4 25
$0.03
Q3 25
$0.02
Q2 25
$0.10
Q1 25
$-0.07
$-0.04
Q4 24
$-0.06
Q3 24
$0.06
Q2 24
$0.04
Q1 24
$0.01
$1.20

Balance Sheet & Financial Strength

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

Metric
EPM
EPM
FAMI
FAMI
Cash + ST InvestmentsLiquidity on hand
$3.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.5M
$166.4M
Total Assets
$169.3M
$230.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
FAMI
FAMI
Q4 25
$3.8M
Q3 25
$714.0K
Q2 25
$2.5M
Q1 25
$5.6M
Q4 24
$11.7M
Q3 24
$6.9M
Q2 24
$6.4M
Q1 24
$3.1M
Stockholders' Equity
EPM
EPM
FAMI
FAMI
Q4 25
$67.5M
Q3 25
$69.1M
Q2 25
$71.8M
Q1 25
$71.7M
$166.4M
Q4 24
$76.3M
Q3 24
$79.6M
Q2 24
$81.1M
Q1 24
$83.5M
$164.4M
Total Assets
EPM
EPM
FAMI
FAMI
Q4 25
$169.3M
Q3 25
$169.1M
Q2 25
$160.3M
Q1 25
$156.4M
$230.4M
Q4 24
$160.2M
Q3 24
$157.9M
Q2 24
$162.9M
Q1 24
$166.5M
$171.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EPM
EPM
FAMI
FAMI
Operating Cash FlowLast quarter
$5.4M
$14.6M
Free Cash FlowOCF − Capex
$14.6M
FCF MarginFCF / Revenue
90.1%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
5.09×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPM
EPM
FAMI
FAMI
Q4 25
$5.4M
Q3 25
$7.8M
Q2 25
$10.5M
Q1 25
$7.3M
$14.6M
Q4 24
$7.7M
Q3 24
$7.6M
Q2 24
$8.0M
Q1 24
$3.4M
$-14.9M
Free Cash Flow
EPM
EPM
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
$14.6M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EPM
EPM
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
90.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EPM
EPM
FAMI
FAMI
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
Q3 24
Q2 24
Q1 24
0.0%
Cash Conversion
EPM
EPM
FAMI
FAMI
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×
-23.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPM
EPM

Crude Oil$10.7M52%
Natural Gas Reserves$7.4M36%
Natural Gas Liquids Reserves$2.5M12%

FAMI
FAMI

Segment breakdown not available.

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