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Side-by-side financial comparison of Sunrise New Energy Co., Ltd. (EPOW) and HERON THERAPEUTICS, INC. (HRTX). Click either name above to swap in a different company.

HERON THERAPEUTICS, INC. is the larger business by last-quarter revenue ($40.6M vs $22.3M, roughly 1.8× Sunrise New Energy Co., Ltd.). HERON THERAPEUTICS, INC. runs the higher net margin — -7.3% vs -27.1%, a 19.8% gap on every dollar of revenue. On growth, Sunrise New Energy Co., Ltd. posted the faster year-over-year revenue change (0.0% vs -0.5%).

Husky Energy Inc. was a Canadian petroleum company that existed from 1938 to 2021. It operated in Western and Atlantic Canada, the United States and the Asia Pacific region, with upstream and downstream business segments. In the 2020 Forbes Global 2000, Husky Energy was ranked as the 1443rd-largest public company in the world.

Antibe Therapeutics was a Toronto-based pharmaceutical company that develops pain and inflammation-reducing drugs based on gaseous mediator technology. Antibe was founded by John L. Wallace, also a co-founder of NicOx, the first company to develop drugs utilizing gaseous mediators. Founded in 2009, the company listed on the TSX Venture Exchange in 2013 and was moved to the Toronto Stock Exchange in November 2020. In 2015, Antibe acquired Citagenix, a distributor involved in regenerative medic...

EPOW vs HRTX — Head-to-Head

Bigger by revenue
HRTX
HRTX
1.8× larger
HRTX
$40.6M
$22.3M
EPOW
Growing faster (revenue YoY)
EPOW
EPOW
+0.5% gap
EPOW
0.0%
-0.5%
HRTX
Higher net margin
HRTX
HRTX
19.8% more per $
HRTX
-7.3%
-27.1%
EPOW

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
EPOW
EPOW
HRTX
HRTX
Revenue
$22.3M
$40.6M
Net Profit
$-6.0M
$-3.0M
Gross Margin
0.1%
72.6%
Operating Margin
-24.3%
0.1%
Net Margin
-27.1%
-7.3%
Revenue YoY
0.0%
-0.5%
Net Profit YoY
-35.7%
-180.6%
EPS (diluted)
$-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
EPOW
EPOW
HRTX
HRTX
Q4 25
$40.6M
Q3 25
$38.2M
Q2 25
$22.3M
$37.2M
Q1 25
$38.9M
Q4 24
$40.8M
Q3 24
$32.8M
Q2 24
$22.3M
$36.0M
Q1 24
$34.7M
Net Profit
EPOW
EPOW
HRTX
HRTX
Q4 25
$-3.0M
Q3 25
$-17.5M
Q2 25
$-6.0M
$-2.4M
Q1 25
$2.6M
Q4 24
$3.7M
Q3 24
$-4.8M
Q2 24
$-4.5M
$-9.2M
Q1 24
$-3.2M
Gross Margin
EPOW
EPOW
HRTX
HRTX
Q4 25
72.6%
Q3 25
68.8%
Q2 25
0.1%
73.5%
Q1 25
78.3%
Q4 24
74.9%
Q3 24
71.2%
Q2 24
0.1%
70.8%
Q1 24
75.6%
Operating Margin
EPOW
EPOW
HRTX
HRTX
Q4 25
0.1%
Q3 25
-10.7%
Q2 25
-24.3%
-4.4%
Q1 25
8.1%
Q4 24
10.2%
Q3 24
-13.6%
Q2 24
-24.3%
-17.9%
Q1 24
-13.8%
Net Margin
EPOW
EPOW
HRTX
HRTX
Q4 25
-7.3%
Q3 25
-45.8%
Q2 25
-27.1%
-6.4%
Q1 25
6.8%
Q4 24
9.0%
Q3 24
-14.8%
Q2 24
-20.0%
-25.6%
Q1 24
-9.1%
EPS (diluted)
EPOW
EPOW
HRTX
HRTX
Q4 25
$-0.01
Q3 25
$-0.10
Q2 25
$-0.02
Q1 25
$0.01
Q4 24
$0.02
Q3 24
$-0.03
Q2 24
$-0.21
$-0.06
Q1 24
$-0.02

Balance Sheet & Financial Strength

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

Metric
EPOW
EPOW
HRTX
HRTX
Cash + ST InvestmentsLiquidity on hand
$1.3M
$28.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$27.3M
$14.3M
Total Assets
$143.0M
$255.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPOW
EPOW
HRTX
HRTX
Q4 25
$28.6M
Q3 25
$43.1M
Q2 25
$1.3M
$16.5M
Q1 25
$19.3M
Q4 24
$25.8M
Q3 24
$25.7M
Q2 24
$15.2M
$18.4M
Q1 24
$20.4M
Stockholders' Equity
EPOW
EPOW
HRTX
HRTX
Q4 25
$14.3M
Q3 25
$14.9M
Q2 25
$27.3M
$-27.3M
Q1 25
$-28.5M
Q4 24
$-33.7M
Q3 24
$-40.0M
Q2 24
$-2.8M
$-37.9M
Q1 24
$-33.8M
Total Assets
EPOW
EPOW
HRTX
HRTX
Q4 25
$255.9M
Q3 25
$248.9M
Q2 25
$143.0M
$232.1M
Q1 25
$235.8M
Q4 24
$233.1M
Q3 24
$220.8M
Q2 24
$141.6M
$218.1M
Q1 24
$217.9M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EPOW
EPOW
HRTX
HRTX
Operating Cash FlowLast quarter
$-6.9M
$-9.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPOW
EPOW
HRTX
HRTX
Q4 25
$-9.2M
Q3 25
$1.3M
Q2 25
$-6.9M
$-10.9M
Q1 25
$-8.9M
Q4 24
$-11.8M
Q3 24
$3.4M
Q2 24
$-6.9M
$-4.6M
Q1 24
$-9.5M
Free Cash Flow
EPOW
EPOW
HRTX
HRTX
Q4 25
Q3 25
Q2 25
$-11.1M
Q1 25
$-9.0M
Q4 24
Q3 24
$2.9M
Q2 24
$-7.9M
Q1 24
FCF Margin
EPOW
EPOW
HRTX
HRTX
Q4 25
Q3 25
Q2 25
-29.8%
Q1 25
-23.1%
Q4 24
Q3 24
9.0%
Q2 24
-35.6%
Q1 24
Capex Intensity
EPOW
EPOW
HRTX
HRTX
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
Q3 24
1.3%
Q2 24
4.4%
Q1 24
Cash Conversion
EPOW
EPOW
HRTX
HRTX
Q4 25
Q3 25
Q2 25
Q1 25
-3.37×
Q4 24
-3.22×
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EPOW
EPOW

Segment breakdown not available.

HRTX
HRTX

CINVANTI$22.9M56%
ZYNRELEF$12.5M31%
Aponvie$3.8M9%
SUSTOL$1.3M3%

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