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Side-by-side financial comparison of Eton Pharmaceuticals, Inc. (ETON) and Idaho Strategic Resources, Inc. (IDR). Click either name above to swap in a different company.

Eton Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($21.3M vs $14.6M, roughly 1.5× Idaho Strategic Resources, Inc.). Idaho Strategic Resources, Inc. runs the higher net margin — 64.3% vs 7.0%, a 57.3% gap on every dollar of revenue. On growth, Idaho Strategic Resources, Inc. posted the faster year-over-year revenue change (92.0% vs 82.7%). Idaho Strategic Resources, Inc. produced more free cash flow last quarter ($8.2M vs $-11.6M). Over the past eight quarters, Eton Pharmaceuticals, Inc.'s revenue compounded faster (63.4% CAGR vs 57.2%).

Eton Pharmaceuticals, Inc. is a specialty pharmaceutical firm focused on developing and commercializing innovative therapies for rare diseases, pediatric care and hospital care segments. It mainly operates in the U.S. market, partnering with medical stakeholders to deliver accessible high-quality treatments to underserved patients.

Idaho Strategic Resources, Inc. is a U.S.-based natural resource company focused on the exploration, development, and production of critical and strategic minerals. Primarily operating in Idaho, it targets rare earth elements, gold, silver, and other high-demand minerals, supplying products to the clean energy, defense, and industrial manufacturing sectors across North America.

ETON vs IDR — Head-to-Head

Bigger by revenue
ETON
ETON
1.5× larger
ETON
$21.3M
$14.6M
IDR
Growing faster (revenue YoY)
IDR
IDR
+9.3% gap
IDR
92.0%
82.7%
ETON
Higher net margin
IDR
IDR
57.3% more per $
IDR
64.3%
7.0%
ETON
More free cash flow
IDR
IDR
$19.8M more FCF
IDR
$8.2M
$-11.6M
ETON
Faster 2-yr revenue CAGR
ETON
ETON
Annualised
ETON
63.4%
57.2%
IDR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ETON
ETON
IDR
IDR
Revenue
$21.3M
$14.6M
Net Profit
$1.5M
$9.4M
Gross Margin
61.6%
68.5%
Operating Margin
11.6%
62.4%
Net Margin
7.0%
64.3%
Revenue YoY
82.7%
92.0%
Net Profit YoY
348.0%
220.6%
EPS (diluted)
$0.62

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
ETON
ETON
IDR
IDR
Q4 25
$21.3M
$14.6M
Q3 25
$22.5M
$11.1M
Q2 25
$18.9M
$9.5M
Q1 25
$17.3M
$7.3M
Q4 24
$11.6M
$7.6M
Q3 24
$10.3M
$6.2M
Q2 24
$9.1M
$6.1M
Q1 24
$8.0M
$5.9M
Net Profit
ETON
ETON
IDR
IDR
Q4 25
$1.5M
$9.4M
Q3 25
$-1.9M
$3.0M
Q2 25
$-2.6M
$2.8M
Q1 25
$-1.6M
$1.6M
Q4 24
$-598.0K
$2.9M
Q3 24
$627.0K
$1.6M
Q2 24
$-3.0M
$2.2M
Q1 24
$-811.0K
$2.2M
Gross Margin
ETON
ETON
IDR
IDR
Q4 25
61.6%
68.5%
Q3 25
35.0%
63.6%
Q2 25
63.0%
57.8%
Q1 25
57.1%
50.8%
Q4 24
55.6%
53.3%
Q3 24
61.0%
48.7%
Q2 24
62.0%
50.2%
Q1 24
62.9%
48.1%
Operating Margin
ETON
ETON
IDR
IDR
Q4 25
11.6%
62.4%
Q3 25
-6.1%
23.4%
Q2 25
-7.8%
26.6%
Q1 25
-2.7%
19.3%
Q4 24
5.4%
36.2%
Q3 24
4.9%
23.4%
Q2 24
-32.3%
34.2%
Q1 24
-10.0%
36.3%
Net Margin
ETON
ETON
IDR
IDR
Q4 25
7.0%
64.3%
Q3 25
-8.6%
26.8%
Q2 25
-13.7%
29.2%
Q1 25
-9.1%
22.1%
Q4 24
-5.1%
38.5%
Q3 24
6.1%
25.8%
Q2 24
-33.5%
35.2%
Q1 24
-10.2%
36.8%
EPS (diluted)
ETON
ETON
IDR
IDR
Q4 25
$0.62
Q3 25
$-0.07
$0.20
Q2 25
$0.20
Q1 25
$0.12
Q4 24
$0.21
Q3 24
$0.02
$0.12
Q2 24
$-0.12
$0.17
Q1 24
$-0.03
$0.17

Balance Sheet & Financial Strength

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

Metric
ETON
ETON
IDR
IDR
Cash + ST InvestmentsLiquidity on hand
$25.9M
Total DebtLower is stronger
$2.3M
Stockholders' EquityBook value
$26.2M
$108.2M
Total Assets
$92.1M
$116.2M
Debt / EquityLower = less leverage
0.02×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ETON
ETON
IDR
IDR
Q4 25
$25.9M
Q3 25
$37.1M
Q2 25
$25.4M
Q1 25
$17.4M
Q4 24
$14.9M
Q3 24
$20.3M
Q2 24
$17.7M
$6.3M
Q1 24
$16.7M
$5.3M
Total Debt
ETON
ETON
IDR
IDR
Q4 25
$2.3M
Q3 25
$3.0M
Q2 25
$3.3M
Q1 25
$30.0M
$3.7M
Q4 24
$29.8M
$1.7M
Q3 24
$2.9M
Q2 24
$2.7M
Q1 24
$3.3M
Stockholders' Equity
ETON
ETON
IDR
IDR
Q4 25
$26.2M
$108.2M
Q3 25
$23.1M
$74.3M
Q2 25
$24.0M
$49.3M
Q1 25
$24.4M
$39.8M
Q4 24
$24.4M
$37.7M
Q3 24
$16.0M
$33.1M
Q2 24
$13.5M
$25.4M
Q1 24
$15.5M
$21.6M
Total Assets
ETON
ETON
IDR
IDR
Q4 25
$92.1M
$116.2M
Q3 25
$104.5M
$83.1M
Q2 25
$101.7M
$57.7M
Q1 25
$84.0M
$48.1M
Q4 24
$76.1M
$44.0M
Q3 24
$35.8M
$40.8M
Q2 24
$31.8M
$32.2M
Q1 24
$30.8M
$28.7M
Debt / Equity
ETON
ETON
IDR
IDR
Q4 25
0.02×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
1.23×
0.09×
Q4 24
1.22×
0.05×
Q3 24
0.09×
Q2 24
0.11×
Q1 24
0.15×

Cash Flow & Capital Efficiency

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

Metric
ETON
ETON
IDR
IDR
Operating Cash FlowLast quarter
$-11.6M
$10.7M
Free Cash FlowOCF − Capex
$-11.6M
$8.2M
FCF MarginFCF / Revenue
-54.5%
56.0%
Capex IntensityCapex / Revenue
0.2%
17.7%
Cash ConversionOCF / Net Profit
-7.79×
1.15×
TTM Free Cash FlowTrailing 4 quarters
$12.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ETON
ETON
IDR
IDR
Q4 25
$-11.6M
$10.7M
Q3 25
$12.0M
$2.4M
Q2 25
$8.0M
$3.5M
Q1 25
$2.1M
$2.4M
Q4 24
$-765.0K
$3.2M
Q3 24
$3.0M
$2.5M
Q2 24
$1.3M
$2.6M
Q1 24
$-2.5M
$2.6M
Free Cash Flow
ETON
ETON
IDR
IDR
Q4 25
$-11.6M
$8.2M
Q3 25
$11.7M
$709.8K
Q2 25
$2.5M
Q1 25
$1.0M
Q4 24
$-777.0K
$2.1M
Q3 24
$1.9M
Q2 24
$2.4M
Q1 24
$-2.5M
$2.3M
FCF Margin
ETON
ETON
IDR
IDR
Q4 25
-54.5%
56.0%
Q3 25
52.3%
6.4%
Q2 25
26.5%
Q1 25
13.8%
Q4 24
-6.7%
28.0%
Q3 24
30.4%
Q2 24
38.7%
Q1 24
-31.2%
38.3%
Capex Intensity
ETON
ETON
IDR
IDR
Q4 25
0.2%
17.7%
Q3 25
1.3%
15.3%
Q2 25
0.0%
10.8%
Q1 25
0.0%
19.4%
Q4 24
0.1%
13.6%
Q3 24
0.0%
9.8%
Q2 24
0.0%
4.3%
Q1 24
0.2%
5.5%
Cash Conversion
ETON
ETON
IDR
IDR
Q4 25
-7.79×
1.15×
Q3 25
0.81×
Q2 25
1.28×
Q1 25
1.50×
Q4 24
1.08×
Q3 24
4.71×
1.56×
Q2 24
1.22×
Q1 24
1.19×

Financial Flow Comparison

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

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