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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and REDWOOD TRUST INC (RWT). Click either name above to swap in a different company.

REDWOOD TRUST INC is the larger business by last-quarter revenue ($25.9M vs $20.7M, roughly 1.3× EVOLUTION PETROLEUM CORP). REDWOOD TRUST INC runs the higher net margin — 77.2% vs 5.2%, a 72.1% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -6.1%). Over the past eight quarters, EVOLUTION PETROLEUM CORP's revenue compounded faster (-5.2% CAGR vs -41.0%).

Redwood Trust Inc is a specialized U.S.-headquartered real estate investment trust (REIT). It manages investment portfolios covering residential and commercial mortgage loans, mortgage-backed securities, and real estate credit assets. Its core segments include residential mortgage lending, commercial real estate credit, and investment management, serving institutional investors and real estate market stakeholders.

EPM vs RWT — Head-to-Head

Bigger by revenue
RWT
RWT
1.3× larger
RWT
$25.9M
$20.7M
EPM
Growing faster (revenue YoY)
EPM
EPM
+8.1% gap
EPM
2.0%
-6.1%
RWT
Higher net margin
RWT
RWT
72.1% more per $
RWT
77.2%
5.2%
EPM
Faster 2-yr revenue CAGR
EPM
EPM
Annualised
EPM
-5.2%
-41.0%
RWT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
EPM
EPM
RWT
RWT
Revenue
$20.7M
$25.9M
Net Profit
$1.1M
$20.0M
Gross Margin
44.3%
Operating Margin
3.2%
Net Margin
5.2%
77.2%
Revenue YoY
2.0%
-6.1%
Net Profit YoY
158.4%
402.6%
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.

Revenue
EPM
EPM
RWT
RWT
Q4 25
$20.7M
$25.9M
Q3 25
$21.3M
$15.0M
Q2 25
$21.1M
$13.8M
Q1 25
$22.6M
$27.9M
Q4 24
$20.3M
$27.6M
Q3 24
$21.9M
$25.5M
Q2 24
$21.2M
$67.4M
Q1 24
$23.0M
$74.5M
Net Profit
EPM
EPM
RWT
RWT
Q4 25
$1.1M
$20.0M
Q3 25
$824.0K
$-7.7M
Q2 25
$3.4M
$-98.5M
Q1 25
$-2.2M
$16.1M
Q4 24
$-1.8M
$-6.6M
Q3 24
$2.1M
$14.8M
Q2 24
$1.2M
$15.5M
Q1 24
$289.0K
$30.3M
Gross Margin
EPM
EPM
RWT
RWT
Q4 25
44.3%
Q3 25
38.5%
Q2 25
46.1%
Q1 25
40.7%
Q4 24
36.9%
Q3 24
46.2%
Q2 24
46.3%
Q1 24
45.2%
Operating Margin
EPM
EPM
RWT
RWT
Q4 25
3.2%
Q3 25
-0.4%
-9.0%
Q2 25
6.3%
-679.0%
Q1 25
7.0%
80.2%
Q4 24
-3.0%
-1.3%
Q3 24
8.5%
86.1%
Q2 24
11.3%
30.3%
Q1 24
9.1%
41.3%
Net Margin
EPM
EPM
RWT
RWT
Q4 25
5.2%
77.2%
Q3 25
3.9%
-51.4%
Q2 25
16.2%
-712.0%
Q1 25
-9.7%
57.8%
Q4 24
-9.0%
-24.0%
Q3 24
9.4%
58.1%
Q2 24
5.8%
23.0%
Q1 24
1.3%
40.6%
EPS (diluted)
EPM
EPM
RWT
RWT
Q4 25
$0.03
$0.11
Q3 25
$0.02
$-0.08
Q2 25
$0.10
$-0.76
Q1 25
$-0.07
$0.10
Q4 24
$-0.06
$-0.08
Q3 24
$0.06
$0.09
Q2 24
$0.04
$0.10
Q1 24
$0.01
$0.21

Balance Sheet & Financial Strength

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

Metric
EPM
EPM
RWT
RWT
Cash + ST InvestmentsLiquidity on hand
$3.8M
$255.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.5M
$982.6M
Total Assets
$169.3M
$23.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
RWT
RWT
Q4 25
$3.8M
$255.7M
Q3 25
$714.0K
$226.3M
Q2 25
$2.5M
$302.0M
Q1 25
$5.6M
$259.9M
Q4 24
$11.7M
$245.2M
Q3 24
$6.9M
$253.7M
Q2 24
$6.4M
$275.6M
Q1 24
$3.1M
$275.4M
Total Debt
EPM
EPM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$1.7B
Stockholders' Equity
EPM
EPM
RWT
RWT
Q4 25
$67.5M
$982.6M
Q3 25
$69.1M
$999.0M
Q2 25
$71.8M
$1.1B
Q1 25
$71.7M
$1.2B
Q4 24
$76.3M
$1.2B
Q3 24
$79.6M
$1.2B
Q2 24
$81.1M
$1.2B
Q1 24
$83.5M
$1.2B
Total Assets
EPM
EPM
RWT
RWT
Q4 25
$169.3M
$23.7B
Q3 25
$169.1M
$22.6B
Q2 25
$160.3M
$21.3B
Q1 25
$156.4M
$19.9B
Q4 24
$160.2M
$18.3B
Q3 24
$157.9M
$18.4B
Q2 24
$162.9M
$16.5B
Q1 24
$166.5M
$15.1B
Debt / Equity
EPM
EPM
RWT
RWT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
1.39×

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
RWT
RWT
Operating Cash FlowLast quarter
$5.4M
$-10.1B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.09×
-504.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPM
EPM
RWT
RWT
Q4 25
$5.4M
$-10.1B
Q3 25
$7.8M
$-2.7B
Q2 25
$10.5M
$-2.1B
Q1 25
$7.3M
$-2.0B
Q4 24
$7.7M
$-5.9B
Q3 24
$7.6M
$-2.1B
Q2 24
$8.0M
$-2.0B
Q1 24
$3.4M
$-954.2M
Cash Conversion
EPM
EPM
RWT
RWT
Q4 25
5.09×
-504.15×
Q3 25
9.47×
Q2 25
3.06×
Q1 25
-120.92×
Q4 24
Q3 24
3.69×
-140.86×
Q2 24
6.47×
-126.56×
Q1 24
11.64×
-31.53×

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%

RWT
RWT

Segment breakdown not available.

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