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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.

EVOLUTION PETROLEUM CORP is the larger business by last-quarter revenue ($20.7M vs $12.2M, roughly 1.7× Village Farms International, Inc.). Village Farms International, Inc. runs the higher net margin — 19.9% vs 5.2%, a 14.7% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs 2.0%).

Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.

EPM vs VFF — Head-to-Head

Bigger by revenue
EPM
EPM
1.7× larger
EPM
$20.7M
$12.2M
VFF
Growing faster (revenue YoY)
VFF
VFF
+29.5% gap
VFF
31.5%
2.0%
EPM
Higher net margin
VFF
VFF
14.7% more per $
VFF
19.9%
5.2%
EPM

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
EPM
EPM
VFF
VFF
Revenue
$20.7M
$12.2M
Net Profit
$1.1M
$2.4M
Gross Margin
44.3%
Operating Margin
3.2%
Net Margin
5.2%
19.9%
Revenue YoY
2.0%
31.5%
Net Profit YoY
158.4%
128.2%
EPS (diluted)
$0.03
$0.01

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
VFF
VFF
Q4 25
$20.7M
$12.2M
Q3 25
$21.3M
$66.7M
Q2 25
$21.1M
$59.9M
Q1 25
$22.6M
$77.1M
Q4 24
$20.3M
Q3 24
$21.9M
$54.9M
Q2 24
$21.2M
$53.6M
Q1 24
$23.0M
$78.1M
Net Profit
EPM
EPM
VFF
VFF
Q4 25
$1.1M
$2.4M
Q3 25
$824.0K
$10.2M
Q2 25
$3.4M
$26.5M
Q1 25
$-2.2M
$-6.7M
Q4 24
$-1.8M
Q3 24
$2.1M
$-820.0K
Q2 24
$1.2M
$-23.5M
Q1 24
$289.0K
$-2.9M
Gross Margin
EPM
EPM
VFF
VFF
Q4 25
44.3%
Q3 25
38.5%
47.9%
Q2 25
46.1%
37.3%
Q1 25
40.7%
14.7%
Q4 24
36.9%
Q3 24
46.2%
24.8%
Q2 24
46.3%
25.4%
Q1 24
45.2%
19.9%
Operating Margin
EPM
EPM
VFF
VFF
Q4 25
3.2%
Q3 25
-0.4%
23.3%
Q2 25
6.3%
20.8%
Q1 25
7.0%
-8.0%
Q4 24
-3.0%
Q3 24
8.5%
3.8%
Q2 24
11.3%
-43.5%
Q1 24
9.1%
-3.0%
Net Margin
EPM
EPM
VFF
VFF
Q4 25
5.2%
19.9%
Q3 25
3.9%
15.3%
Q2 25
16.2%
44.2%
Q1 25
-9.7%
-8.7%
Q4 24
-9.0%
Q3 24
9.4%
-1.5%
Q2 24
5.8%
-43.9%
Q1 24
1.3%
-3.7%
EPS (diluted)
EPM
EPM
VFF
VFF
Q4 25
$0.03
$0.01
Q3 25
$0.02
$0.08
Q2 25
$0.10
$0.24
Q1 25
$-0.07
$-0.06
Q4 24
$-0.06
Q3 24
$0.06
$-0.01
Q2 24
$0.04
$-0.21
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
VFF
VFF
Cash + ST InvestmentsLiquidity on hand
$3.8M
$81.2M
Total DebtLower is stronger
$33.7M
Stockholders' EquityBook value
$67.5M
$299.9M
Total Assets
$169.3M
$423.1M
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPM
EPM
VFF
VFF
Q4 25
$3.8M
$81.2M
Q3 25
$714.0K
$82.6M
Q2 25
$2.5M
$60.0M
Q1 25
$5.6M
$15.1M
Q4 24
$11.7M
Q3 24
$6.9M
$28.7M
Q2 24
$6.4M
$29.7M
Q1 24
$3.1M
$26.7M
Total Debt
EPM
EPM
VFF
VFF
Q4 25
$33.7M
Q3 25
$34.6M
Q2 25
$39.1M
Q1 25
$39.2M
Q4 24
Q3 24
$43.3M
Q2 24
$44.4M
Q1 24
$46.1M
Stockholders' Equity
EPM
EPM
VFF
VFF
Q4 25
$67.5M
$299.9M
Q3 25
$69.1M
$295.4M
Q2 25
$71.8M
$284.3M
Q1 25
$71.7M
$248.3M
Q4 24
$76.3M
Q3 24
$79.6M
$274.4M
Q2 24
$81.1M
$275.2M
Q1 24
$83.5M
$296.2M
Total Assets
EPM
EPM
VFF
VFF
Q4 25
$169.3M
$423.1M
Q3 25
$169.1M
$418.4M
Q2 25
$160.3M
$403.7M
Q1 25
$156.4M
$377.1M
Q4 24
$160.2M
Q3 24
$157.9M
$417.8M
Q2 24
$162.9M
$425.4M
Q1 24
$166.5M
$458.4M
Debt / Equity
EPM
EPM
VFF
VFF
Q4 25
0.11×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.16×
Q4 24
Q3 24
0.16×
Q2 24
0.16×
Q1 24
0.16×

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
VFF
VFF
Operating Cash FlowLast quarter
$5.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
90.8%
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
VFF
VFF
Q4 25
$5.4M
Q3 25
$7.8M
$24.4M
Q2 25
$10.5M
Q1 25
$7.3M
$-6.4M
Q4 24
$7.7M
Q3 24
$7.6M
$4.3M
Q2 24
$8.0M
$5.7M
Q1 24
$3.4M
$-50.0K
Free Cash Flow
EPM
EPM
VFF
VFF
Q4 25
Q3 25
$22.6M
Q2 25
Q1 25
$-8.9M
Q4 24
Q3 24
$1.5M
Q2 24
$4.8M
Q1 24
$-1.9M
FCF Margin
EPM
EPM
VFF
VFF
Q4 25
Q3 25
33.9%
Q2 25
Q1 25
-11.6%
Q4 24
Q3 24
2.7%
Q2 24
9.0%
Q1 24
-2.5%
Capex Intensity
EPM
EPM
VFF
VFF
Q4 25
90.8%
Q3 25
2.7%
Q2 25
4.6%
Q1 25
3.3%
Q4 24
Q3 24
5.1%
Q2 24
1.6%
Q1 24
2.4%
Cash Conversion
EPM
EPM
VFF
VFF
Q4 25
5.09×
Q3 25
9.47×
2.39×
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%

VFF
VFF

International Sales$8.7M71%
Cannabis United States Segment$3.4M27%

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