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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $19.1M, roughly 1.1× Americas Gold & Silver Corp). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs -82.3%, a 87.5% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -28.0%).

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

EPM vs USAS — Head-to-Head

Bigger by revenue
EPM
EPM
1.1× larger
EPM
$20.7M
$19.1M
USAS
Growing faster (revenue YoY)
EPM
EPM
+30.0% gap
EPM
2.0%
-28.0%
USAS
Higher net margin
EPM
EPM
87.5% more per $
EPM
5.2%
-82.3%
USAS

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
EPM
EPM
USAS
USAS
Revenue
$20.7M
$19.1M
Net Profit
$1.1M
$-15.7M
Gross Margin
44.3%
34.2%
Operating Margin
3.2%
Net Margin
5.2%
-82.3%
Revenue YoY
2.0%
-28.0%
Net Profit YoY
158.4%
2.8%
EPS (diluted)
$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
USAS
USAS
Q4 25
$20.7M
Q3 25
$21.3M
$19.1M
Q2 25
$21.1M
Q1 25
$22.6M
Q4 24
$20.3M
Q3 24
$21.9M
$26.5M
Q2 24
$21.2M
Q1 24
$23.0M
Net Profit
EPM
EPM
USAS
USAS
Q4 25
$1.1M
Q3 25
$824.0K
$-15.7M
Q2 25
$3.4M
Q1 25
$-2.2M
Q4 24
$-1.8M
Q3 24
$2.1M
$-16.2M
Q2 24
$1.2M
Q1 24
$289.0K
Gross Margin
EPM
EPM
USAS
USAS
Q4 25
44.3%
Q3 25
38.5%
34.2%
Q2 25
46.1%
Q1 25
40.7%
Q4 24
36.9%
Q3 24
46.2%
23.6%
Q2 24
46.3%
Q1 24
45.2%
Operating Margin
EPM
EPM
USAS
USAS
Q4 25
3.2%
Q3 25
-0.4%
Q2 25
6.3%
Q1 25
7.0%
Q4 24
-3.0%
Q3 24
8.5%
Q2 24
11.3%
Q1 24
9.1%
Net Margin
EPM
EPM
USAS
USAS
Q4 25
5.2%
Q3 25
3.9%
-82.3%
Q2 25
16.2%
Q1 25
-9.7%
Q4 24
-9.0%
Q3 24
9.4%
-60.9%
Q2 24
5.8%
Q1 24
1.3%
EPS (diluted)
EPM
EPM
USAS
USAS
Q4 25
$0.03
Q3 25
$0.02
Q2 25
$0.10
Q1 25
$-0.07
Q4 24
$-0.06
Q3 24
$0.06
Q2 24
$0.04
Q1 24
$0.01

Balance Sheet & Financial Strength

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

Metric
EPM
EPM
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$3.8M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$67.5M
$50.2M
Total Assets
$169.3M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
USAS
USAS
Q4 25
$3.8M
Q3 25
$714.0K
$39.1M
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
USAS
USAS
Q4 25
$67.5M
Q3 25
$69.1M
$50.2M
Q2 25
$71.8M
Q1 25
$71.7M
Q4 24
$76.3M
Q3 24
$79.6M
$53.1M
Q2 24
$81.1M
Q1 24
$83.5M
Total Assets
EPM
EPM
USAS
USAS
Q4 25
$169.3M
Q3 25
$169.1M
$234.7M
Q2 25
$160.3M
Q1 25
$156.4M
Q4 24
$160.2M
Q3 24
$157.9M
Q2 24
$162.9M
Q1 24
$166.5M

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
USAS
USAS
Operating Cash FlowLast quarter
$5.4M
$-12.5M
Free Cash FlowOCF − Capex
$-41.3M
FCF MarginFCF / Revenue
-216.5%
Capex IntensityCapex / Revenue
150.8%
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
USAS
USAS
Q4 25
$5.4M
Q3 25
$7.8M
$-12.5M
Q2 25
$10.5M
Q1 25
$7.3M
Q4 24
$7.7M
Q3 24
$7.6M
$2.4M
Q2 24
$8.0M
Q1 24
$3.4M
Free Cash Flow
EPM
EPM
USAS
USAS
Q4 25
Q3 25
$-41.3M
Q2 25
Q1 25
Q4 24
Q3 24
$-11.2M
Q2 24
Q1 24
FCF Margin
EPM
EPM
USAS
USAS
Q4 25
Q3 25
-216.5%
Q2 25
Q1 25
Q4 24
Q3 24
-42.2%
Q2 24
Q1 24
Capex Intensity
EPM
EPM
USAS
USAS
Q4 25
Q3 25
150.8%
Q2 25
Q1 25
Q4 24
Q3 24
51.2%
Q2 24
Q1 24
Cash Conversion
EPM
EPM
USAS
USAS
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×

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%

USAS
USAS

Segment breakdown not available.

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