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Side-by-side financial comparison of Epsilon Energy Ltd. (EPSN) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $14.8M, roughly 1.1× Epsilon Energy Ltd.). Finward Bancorp runs the higher net margin — 12.0% vs -83.9%, a 96.0% gap on every dollar of revenue. On growth, Epsilon Energy Ltd. posted the faster year-over-year revenue change (65.7% vs 1.1%). Over the past eight quarters, Epsilon Energy Ltd.'s revenue compounded faster (36.2% CAGR vs -19.1%).

Epsilon Composite is a French company created in 1987 by Stephane LULL, its current CEO. The company was founded in January 1987. Its production site is located in Gaillan, France. Stéphane Lull is the CEO.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

EPSN vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.1× larger
FNWD
$16.5M
$14.8M
EPSN
Growing faster (revenue YoY)
EPSN
EPSN
+64.7% gap
EPSN
65.7%
1.1%
FNWD
Higher net margin
FNWD
FNWD
96.0% more per $
FNWD
12.0%
-83.9%
EPSN
Faster 2-yr revenue CAGR
EPSN
EPSN
Annualised
EPSN
36.2%
-19.1%
FNWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EPSN
EPSN
FNWD
FNWD
Revenue
$14.8M
$16.5M
Net Profit
$-12.4M
$2.0M
Gross Margin
Operating Margin
-129.0%
11.0%
Net Margin
-83.9%
12.0%
Revenue YoY
65.7%
1.1%
Net Profit YoY
-1535.0%
-5.6%
EPS (diluted)
$-0.55
$0.46

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
EPSN
EPSN
FNWD
FNWD
Q4 25
$14.8M
$16.5M
Q3 25
$9.0M
$17.4M
Q2 25
$11.6M
$16.6M
Q1 25
$16.2M
$15.5M
Q4 24
$8.9M
$16.3M
Q3 24
$7.3M
$14.9M
Q2 24
$7.3M
$14.6M
Q1 24
$8.0M
$25.3M
Net Profit
EPSN
EPSN
FNWD
FNWD
Q4 25
$-12.4M
$2.0M
Q3 25
$1.1M
$3.5M
Q2 25
$1.6M
$2.2M
Q1 25
$4.0M
$455.0K
Q4 24
$-760.8K
$2.1M
Q3 24
$366.0K
$606.0K
Q2 24
$815.7K
$143.0K
Q1 24
$1.5M
$9.3M
Operating Margin
EPSN
EPSN
FNWD
FNWD
Q4 25
-129.0%
11.0%
Q3 25
6.7%
20.5%
Q2 25
7.1%
12.7%
Q1 25
44.3%
4.0%
Q4 24
6.8%
16.3%
Q3 24
3.3%
2.7%
Q2 24
16.0%
0.9%
Q1 24
17.6%
40.6%
Net Margin
EPSN
EPSN
FNWD
FNWD
Q4 25
-83.9%
12.0%
Q3 25
11.9%
20.1%
Q2 25
13.3%
12.9%
Q1 25
24.8%
2.9%
Q4 24
-8.5%
12.9%
Q3 24
5.0%
4.1%
Q2 24
11.2%
1.0%
Q1 24
18.9%
36.7%
EPS (diluted)
EPSN
EPSN
FNWD
FNWD
Q4 25
$-0.55
$0.46
Q3 25
$0.05
$0.81
Q2 25
$0.07
$0.50
Q1 25
$0.18
$0.11
Q4 24
$-0.04
$0.50
Q3 24
$0.02
$0.14
Q2 24
$0.04
$0.03
Q1 24
$0.07
$2.17

Balance Sheet & Financial Strength

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

Metric
EPSN
EPSN
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$9.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$124.7M
$174.7M
Total Assets
$228.2M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EPSN
EPSN
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$12.8M
Q2 25
$9.9M
Q1 25
$6.9M
Q4 24
$6.5M
Q3 24
$8.3M
Q2 24
$8.6M
Q1 24
$2.3M
Stockholders' Equity
EPSN
EPSN
FNWD
FNWD
Q4 25
$124.7M
$174.7M
Q3 25
$100.2M
$165.5M
Q2 25
$100.2M
$154.3M
Q1 25
$99.7M
$151.8M
Q4 24
$96.7M
$151.4M
Q3 24
$98.4M
$159.6M
Q2 24
$99.6M
$148.6M
Q1 24
$99.9M
$151.6M
Total Assets
EPSN
EPSN
FNWD
FNWD
Q4 25
$228.2M
$2.0B
Q3 25
$126.3M
$2.1B
Q2 25
$123.6M
$2.1B
Q1 25
$125.5M
$2.0B
Q4 24
$120.5M
$2.1B
Q3 24
$121.8M
$2.1B
Q2 24
$121.1M
$2.1B
Q1 24
$125.1M
$2.1B

Cash Flow & Capital Efficiency

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

Metric
EPSN
EPSN
FNWD
FNWD
Operating Cash FlowLast quarter
$-277.0K
$9.9M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
54.8%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EPSN
EPSN
FNWD
FNWD
Q4 25
$-277.0K
$9.9M
Q3 25
$4.0M
$1.2M
Q2 25
$8.3M
$4.8M
Q1 25
$8.6M
$-3.8M
Q4 24
$5.0M
$9.8M
Q3 24
$2.7M
$-3.7M
Q2 24
$5.4M
$2.8M
Q1 24
$3.7M
$-25.0K
Free Cash Flow
EPSN
EPSN
FNWD
FNWD
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
FCF Margin
EPSN
EPSN
FNWD
FNWD
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
Capex Intensity
EPSN
EPSN
FNWD
FNWD
Q4 25
5.2%
Q3 25
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
Cash Conversion
EPSN
EPSN
FNWD
FNWD
Q4 25
4.99×
Q3 25
3.70×
0.34×
Q2 25
5.38×
2.22×
Q1 25
2.14×
-8.37×
Q4 24
4.66×
Q3 24
7.50×
-6.15×
Q2 24
6.60×
19.23×
Q1 24
2.45×
-0.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EPSN
EPSN

Gas Oil Ngls And Condensate$13.3M90%
Gas Gathering And Compression$1.5M10%

FNWD
FNWD

Segment breakdown not available.

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