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

Spok Holdings, Inc is the larger business by last-quarter revenue ($33.9M vs $20.7M, roughly 1.6× EVOLUTION PETROLEUM CORP). Spok Holdings, Inc runs the higher net margin — 8.7% vs 5.2%, a 3.5% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -0.1%). Over the past eight quarters, Spok Holdings, Inc's revenue compounded faster (-1.5% CAGR vs -5.2%).

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

EPM vs SPOK — Head-to-Head

Bigger by revenue
SPOK
SPOK
1.6× larger
SPOK
$33.9M
$20.7M
EPM
Growing faster (revenue YoY)
EPM
EPM
+2.1% gap
EPM
2.0%
-0.1%
SPOK
Higher net margin
SPOK
SPOK
3.5% more per $
SPOK
8.7%
5.2%
EPM
Faster 2-yr revenue CAGR
SPOK
SPOK
Annualised
SPOK
-1.5%
-5.2%
EPM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
EPM
EPM
SPOK
SPOK
Revenue
$20.7M
$33.9M
Net Profit
$1.1M
$2.9M
Gross Margin
44.3%
76.7%
Operating Margin
3.2%
11.6%
Net Margin
5.2%
8.7%
Revenue YoY
2.0%
-0.1%
Net Profit YoY
158.4%
-19.6%
EPS (diluted)
$0.03
$0.13

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
SPOK
SPOK
Q4 25
$20.7M
$33.9M
Q3 25
$21.3M
$33.9M
Q2 25
$21.1M
$35.7M
Q1 25
$22.6M
$36.3M
Q4 24
$20.3M
$33.9M
Q3 24
$21.9M
$34.9M
Q2 24
$21.2M
$34.0M
Q1 24
$23.0M
$34.9M
Net Profit
EPM
EPM
SPOK
SPOK
Q4 25
$1.1M
$2.9M
Q3 25
$824.0K
$3.2M
Q2 25
$3.4M
$4.6M
Q1 25
$-2.2M
$5.2M
Q4 24
$-1.8M
$3.6M
Q3 24
$2.1M
$3.7M
Q2 24
$1.2M
$3.4M
Q1 24
$289.0K
$4.2M
Gross Margin
EPM
EPM
SPOK
SPOK
Q4 25
44.3%
76.7%
Q3 25
38.5%
78.3%
Q2 25
46.1%
79.5%
Q1 25
40.7%
80.1%
Q4 24
36.9%
78.5%
Q3 24
46.2%
79.5%
Q2 24
46.3%
78.9%
Q1 24
45.2%
79.5%
Operating Margin
EPM
EPM
SPOK
SPOK
Q4 25
3.2%
11.6%
Q3 25
-0.4%
12.9%
Q2 25
6.3%
15.1%
Q1 25
7.0%
16.6%
Q4 24
-3.0%
13.7%
Q3 24
8.5%
14.2%
Q2 24
11.3%
13.2%
Q1 24
9.1%
14.0%
Net Margin
EPM
EPM
SPOK
SPOK
Q4 25
5.2%
8.7%
Q3 25
3.9%
9.5%
Q2 25
16.2%
12.8%
Q1 25
-9.7%
14.3%
Q4 24
-9.0%
10.8%
Q3 24
9.4%
10.5%
Q2 24
5.8%
10.1%
Q1 24
1.3%
12.1%
EPS (diluted)
EPM
EPM
SPOK
SPOK
Q4 25
$0.03
$0.13
Q3 25
$0.02
$0.15
Q2 25
$0.10
$0.22
Q1 25
$-0.07
$0.25
Q4 24
$-0.06
$0.17
Q3 24
$0.06
$0.18
Q2 24
$0.04
$0.17
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
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$3.8M
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.5M
$146.4M
Total Assets
$169.3M
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
SPOK
SPOK
Q4 25
$3.8M
$25.3M
Q3 25
$714.0K
$21.4M
Q2 25
$2.5M
$20.2M
Q1 25
$5.6M
$19.9M
Q4 24
$11.7M
$29.1M
Q3 24
$6.9M
$27.8M
Q2 24
$6.4M
$23.9M
Q1 24
$3.1M
$23.3M
Stockholders' Equity
EPM
EPM
SPOK
SPOK
Q4 25
$67.5M
$146.4M
Q3 25
$69.1M
$148.7M
Q2 25
$71.8M
$150.9M
Q1 25
$71.7M
$151.7M
Q4 24
$76.3M
$154.7M
Q3 24
$79.6M
$156.3M
Q2 24
$81.1M
$158.2M
Q1 24
$83.5M
$160.2M
Total Assets
EPM
EPM
SPOK
SPOK
Q4 25
$169.3M
$206.1M
Q3 25
$169.1M
$209.7M
Q2 25
$160.3M
$208.7M
Q1 25
$156.4M
$204.5M
Q4 24
$160.2M
$217.1M
Q3 24
$157.9M
$216.8M
Q2 24
$162.9M
$216.4M
Q1 24
$166.5M
$215.0M

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
SPOK
SPOK
Operating Cash FlowLast quarter
$5.4M
$11.5M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
29.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
5.09×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPM
EPM
SPOK
SPOK
Q4 25
$5.4M
$11.5M
Q3 25
$7.8M
$8.1M
Q2 25
$10.5M
$7.0M
Q1 25
$7.3M
$2.3M
Q4 24
$7.7M
$8.4M
Q3 24
$7.6M
$11.1M
Q2 24
$8.0M
$7.4M
Q1 24
$3.4M
$2.0M
Free Cash Flow
EPM
EPM
SPOK
SPOK
Q4 25
$10.1M
Q3 25
$7.6M
Q2 25
$6.0M
Q1 25
$1.5M
Q4 24
$7.5M
Q3 24
$10.3M
Q2 24
$6.8M
Q1 24
$1.1M
FCF Margin
EPM
EPM
SPOK
SPOK
Q4 25
29.9%
Q3 25
22.4%
Q2 25
16.8%
Q1 25
4.2%
Q4 24
22.3%
Q3 24
29.4%
Q2 24
20.0%
Q1 24
3.2%
Capex Intensity
EPM
EPM
SPOK
SPOK
Q4 25
4.1%
Q3 25
1.6%
Q2 25
2.9%
Q1 25
2.1%
Q4 24
2.5%
Q3 24
2.4%
Q2 24
1.9%
Q1 24
2.5%
Cash Conversion
EPM
EPM
SPOK
SPOK
Q4 25
5.09×
3.93×
Q3 25
9.47×
2.54×
Q2 25
3.06×
1.55×
Q1 25
0.43×
Q4 24
2.31×
Q3 24
3.69×
3.03×
Q2 24
6.47×
2.17×
Q1 24
11.64×
0.47×

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%

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

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