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

Stran & Company, Inc. is the larger business by last-quarter revenue ($28.9M vs $20.7M, roughly 1.4× EVOLUTION PETROLEUM CORP). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs 0.8%, a 4.3% gap on every dollar of revenue. On growth, Stran & Company, Inc. posted the faster year-over-year revenue change (7.2% vs 2.0%). Over the past eight quarters, Stran & Company, Inc.'s revenue compounded faster (24.0% CAGR vs -5.2%).

Stran & Company, Inc. provides branded promotional products, custom merchandise and integrated marketing solutions for corporate clients. It serves customers across retail, healthcare, technology, education and other sectors, supporting brand campaigns, customer engagement and employee incentive programs.

EPM vs SWAG — Head-to-Head

Bigger by revenue
SWAG
SWAG
1.4× larger
SWAG
$28.9M
$20.7M
EPM
Growing faster (revenue YoY)
SWAG
SWAG
+5.2% gap
SWAG
7.2%
2.0%
EPM
Higher net margin
EPM
EPM
4.3% more per $
EPM
5.2%
0.8%
SWAG
Faster 2-yr revenue CAGR
SWAG
SWAG
Annualised
SWAG
24.0%
-5.2%
EPM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
EPM
EPM
SWAG
SWAG
Revenue
$20.7M
$28.9M
Net Profit
$1.1M
$243.0K
Gross Margin
44.3%
30.4%
Operating Margin
3.2%
-0.1%
Net Margin
5.2%
0.8%
Revenue YoY
2.0%
7.2%
Net Profit YoY
158.4%
141.5%
EPS (diluted)
$0.03
$0.02

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
SWAG
SWAG
Q4 25
$20.7M
$28.9M
Q3 25
$21.3M
$26.0M
Q2 25
$21.1M
$32.6M
Q1 25
$22.6M
$28.7M
Q4 24
$20.3M
$27.0M
Q3 24
$21.9M
$20.1M
Q2 24
$21.2M
$16.7M
Q1 24
$23.0M
$18.8M
Net Profit
EPM
EPM
SWAG
SWAG
Q4 25
$1.1M
$243.0K
Q3 25
$824.0K
$-1.2M
Q2 25
$3.4M
$643.0K
Q1 25
$-2.2M
$-393.0K
Q4 24
$-1.8M
$-586.0K
Q3 24
$2.1M
$-2.0M
Q2 24
$1.2M
$-1.0M
Q1 24
$289.0K
$-491.0K
Gross Margin
EPM
EPM
SWAG
SWAG
Q4 25
44.3%
30.4%
Q3 25
38.5%
27.2%
Q2 25
46.1%
30.3%
Q1 25
40.7%
29.6%
Q4 24
36.9%
32.5%
Q3 24
46.2%
29.5%
Q2 24
46.3%
32.8%
Q1 24
45.2%
29.8%
Operating Margin
EPM
EPM
SWAG
SWAG
Q4 25
3.2%
-0.1%
Q3 25
-0.4%
-6.9%
Q2 25
6.3%
1.2%
Q1 25
7.0%
-1.9%
Q4 24
-3.0%
-3.5%
Q3 24
8.5%
-10.8%
Q2 24
11.3%
-6.6%
Q1 24
9.1%
-3.5%
Net Margin
EPM
EPM
SWAG
SWAG
Q4 25
5.2%
0.8%
Q3 25
3.9%
-4.8%
Q2 25
16.2%
2.0%
Q1 25
-9.7%
-1.4%
Q4 24
-9.0%
-2.2%
Q3 24
9.4%
-10.1%
Q2 24
5.8%
-6.1%
Q1 24
1.3%
-2.6%
EPS (diluted)
EPM
EPM
SWAG
SWAG
Q4 25
$0.03
$0.02
Q3 25
$0.02
$-0.07
Q2 25
$0.10
$0.03
Q1 25
$-0.07
$-0.02
Q4 24
$-0.06
$-0.02
Q3 24
$0.06
$-0.11
Q2 24
$0.04
$-0.06
Q1 24
$0.01
$-0.03

Balance Sheet & Financial Strength

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

Metric
EPM
EPM
SWAG
SWAG
Cash + ST InvestmentsLiquidity on hand
$3.8M
$11.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.5M
$30.5M
Total Assets
$169.3M
$49.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
SWAG
SWAG
Q4 25
$3.8M
$11.6M
Q3 25
$714.0K
$11.8M
Q2 25
$2.5M
$18.1M
Q1 25
$5.6M
$12.2M
Q4 24
$11.7M
$18.2M
Q3 24
$6.9M
$6.9M
Q2 24
$6.4M
$9.6M
Q1 24
$3.1M
$10.7M
Stockholders' Equity
EPM
EPM
SWAG
SWAG
Q4 25
$67.5M
$30.5M
Q3 25
$69.1M
$30.2M
Q2 25
$71.8M
$31.8M
Q1 25
$71.7M
$31.3M
Q4 24
$76.3M
$31.6M
Q3 24
$79.6M
$32.3M
Q2 24
$81.1M
$34.3M
Q1 24
$83.5M
$35.2M
Total Assets
EPM
EPM
SWAG
SWAG
Q4 25
$169.3M
$49.3M
Q3 25
$169.1M
$50.3M
Q2 25
$160.3M
$61.2M
Q1 25
$156.4M
$52.2M
Q4 24
$160.2M
$55.1M
Q3 24
$157.9M
$48.8M
Q2 24
$162.9M
$46.6M
Q1 24
$166.5M
$47.9M

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
SWAG
SWAG
Operating Cash FlowLast quarter
$5.4M
$161.0K
Free Cash FlowOCF − Capex
$38.0K
FCF MarginFCF / Revenue
0.1%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
5.09×
0.66×
TTM Free Cash FlowTrailing 4 quarters
$-5.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPM
EPM
SWAG
SWAG
Q4 25
$5.4M
$161.0K
Q3 25
$7.8M
$-5.4M
Q2 25
$10.5M
$6.4M
Q1 25
$7.3M
$-5.9M
Q4 24
$7.7M
$1.3M
Q3 24
$7.6M
$-2.7M
Q2 24
$8.0M
$2.1M
Q1 24
$3.4M
$2.1M
Free Cash Flow
EPM
EPM
SWAG
SWAG
Q4 25
$38.0K
Q3 25
$-5.9M
Q2 25
$6.3M
Q1 25
$-6.0M
Q4 24
$1.2M
Q3 24
$-2.9M
Q2 24
$1.9M
Q1 24
$1.9M
FCF Margin
EPM
EPM
SWAG
SWAG
Q4 25
0.1%
Q3 25
-22.6%
Q2 25
19.5%
Q1 25
-21.0%
Q4 24
4.6%
Q3 24
-14.3%
Q2 24
11.6%
Q1 24
9.9%
Capex Intensity
EPM
EPM
SWAG
SWAG
Q4 25
0.4%
Q3 25
1.9%
Q2 25
0.2%
Q1 25
0.4%
Q4 24
0.3%
Q3 24
0.7%
Q2 24
1.1%
Q1 24
1.0%
Cash Conversion
EPM
EPM
SWAG
SWAG
Q4 25
5.09×
0.66×
Q3 25
9.47×
Q2 25
3.06×
9.99×
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
EPM

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

SWAG
SWAG

Promotional Products Dropshipping$11.2M39%
Casino Continuity Program$6.9M24%
Promotional Products Company Owned Inventory$4.6M16%
Promotional Products Bulk Dropshipping$3.8M13%
Promotional Products Thirdparty Distributor$1.8M6%
Other$610.0K2%

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