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

EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $18.4M, roughly 1.1× Simulations Plus, Inc.). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs 3.7%, a 1.5% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -2.7%). Over the past eight quarters, Simulations Plus, Inc.'s revenue compounded faster (0.3% CAGR vs -5.2%).

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

EPM vs SLP — Head-to-Head

Bigger by revenue
EPM
EPM
1.1× larger
EPM
$20.7M
$18.4M
SLP
Growing faster (revenue YoY)
EPM
EPM
+4.7% gap
EPM
2.0%
-2.7%
SLP
Higher net margin
EPM
EPM
1.5% more per $
EPM
5.2%
3.7%
SLP
Faster 2-yr revenue CAGR
SLP
SLP
Annualised
SLP
0.3%
-5.2%
EPM

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
EPM
EPM
SLP
SLP
Revenue
$20.7M
$18.4M
Net Profit
$1.1M
$676.0K
Gross Margin
44.3%
59.1%
Operating Margin
3.2%
3.9%
Net Margin
5.2%
3.7%
Revenue YoY
2.0%
-2.7%
Net Profit YoY
158.4%
228.2%
EPS (diluted)
$0.03
$0.03

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
SLP
SLP
Q4 25
$20.7M
$18.4M
Q3 25
$21.3M
$17.5M
Q2 25
$21.1M
$20.4M
Q1 25
$22.6M
$22.4M
Q4 24
$20.3M
$18.9M
Q3 24
$21.9M
$18.7M
Q2 24
$21.2M
$18.5M
Q1 24
$23.0M
$18.3M
Net Profit
EPM
EPM
SLP
SLP
Q4 25
$1.1M
$676.0K
Q3 25
$824.0K
$-681.0K
Q2 25
$3.4M
$-67.3M
Q1 25
$-2.2M
$3.1M
Q4 24
$-1.8M
$206.0K
Q3 24
$2.1M
$843.0K
Q2 24
$1.2M
$3.1M
Q1 24
$289.0K
$4.0M
Gross Margin
EPM
EPM
SLP
SLP
Q4 25
44.3%
59.1%
Q3 25
38.5%
56.4%
Q2 25
46.1%
64.0%
Q1 25
40.7%
58.5%
Q4 24
36.9%
54.0%
Q3 24
46.2%
36.6%
Q2 24
46.3%
71.5%
Q1 24
45.2%
72.2%
Operating Margin
EPM
EPM
SLP
SLP
Q4 25
3.2%
3.9%
Q3 25
-0.4%
3.8%
Q2 25
6.3%
-364.5%
Q1 25
7.0%
12.1%
Q4 24
-3.0%
0.7%
Q3 24
8.5%
-6.2%
Q2 24
11.3%
10.1%
Q1 24
9.1%
24.3%
Net Margin
EPM
EPM
SLP
SLP
Q4 25
5.2%
3.7%
Q3 25
3.9%
-3.9%
Q2 25
16.2%
-330.6%
Q1 25
-9.7%
13.7%
Q4 24
-9.0%
1.1%
Q3 24
9.4%
4.5%
Q2 24
5.8%
16.9%
Q1 24
1.3%
22.0%
EPS (diluted)
EPM
EPM
SLP
SLP
Q4 25
$0.03
$0.03
Q3 25
$0.02
$-0.03
Q2 25
$0.10
$-3.35
Q1 25
$-0.07
$0.15
Q4 24
$-0.06
$0.01
Q3 24
$0.06
$0.04
Q2 24
$0.04
$0.15
Q1 24
$0.01
$0.20

Balance Sheet & Financial Strength

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

Metric
EPM
EPM
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$3.8M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.5M
$127.1M
Total Assets
$169.3M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
SLP
SLP
Q4 25
$3.8M
$35.7M
Q3 25
$714.0K
$32.4M
Q2 25
$2.5M
$28.4M
Q1 25
$5.6M
$21.4M
Q4 24
$11.7M
$18.2M
Q3 24
$6.9M
$20.3M
Q2 24
$6.4M
$119.0M
Q1 24
$3.1M
$108.5M
Stockholders' Equity
EPM
EPM
SLP
SLP
Q4 25
$67.5M
$127.1M
Q3 25
$69.1M
$124.8M
Q2 25
$71.8M
$123.8M
Q1 25
$71.7M
$189.5M
Q4 24
$76.3M
$184.7M
Q3 24
$79.6M
$182.4M
Q2 24
$81.1M
$180.9M
Q1 24
$83.5M
$177.0M
Total Assets
EPM
EPM
SLP
SLP
Q4 25
$169.3M
$137.8M
Q3 25
$169.1M
$131.9M
Q2 25
$160.3M
$134.4M
Q1 25
$156.4M
$201.4M
Q4 24
$160.2M
$196.9M
Q3 24
$157.9M
$196.6M
Q2 24
$162.9M
$192.7M
Q1 24
$166.5M
$194.0M

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
SLP
SLP
Operating Cash FlowLast quarter
$5.4M
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
5.09×
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPM
EPM
SLP
SLP
Q4 25
$5.4M
$4.2M
Q3 25
$7.8M
$5.6M
Q2 25
$10.5M
$8.1M
Q1 25
$7.3M
$5.7M
Q4 24
$7.7M
$-1.3M
Q3 24
$7.6M
$1.7M
Q2 24
$8.0M
$5.7M
Q1 24
$3.4M
$5.8M
Free Cash Flow
EPM
EPM
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$5.4M
FCF Margin
EPM
EPM
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
EPM
EPM
SLP
SLP
Q4 25
0.0%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
2.4%
Cash Conversion
EPM
EPM
SLP
SLP
Q4 25
5.09×
6.26×
Q3 25
9.47×
Q2 25
3.06×
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
3.69×
1.97×
Q2 24
6.47×
1.81×
Q1 24
11.64×
1.44×

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%

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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