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Side-by-side financial comparison of enCore Energy Corp. (EU) and Guardforce AI Co., Ltd. (GFAI). Click either name above to swap in a different company.

Guardforce AI Co., Ltd. is the larger business by last-quarter revenue ($18.0M vs $12.4M, roughly 1.5× enCore Energy Corp.). Guardforce AI Co., Ltd. runs the higher net margin — -76.9% vs -173.9%, a 97.0% gap on every dollar of revenue.

Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.

Guardforce AI Co., Ltd. is a global provider of AI-integrated security solutions. Its core offerings include intelligent surveillance systems, AI-powered access control, autonomous security robots, and smart logistics monitoring services, serving enterprise, retail, financial and public sector clients across Asia, Europe and North America.

EU vs GFAI — Head-to-Head

Bigger by revenue
GFAI
GFAI
1.5× larger
GFAI
$18.0M
$12.4M
EU
Higher net margin
GFAI
GFAI
97.0% more per $
GFAI
-76.9%
-173.9%
EU

Income Statement — Q4 FY2025 vs Q2 FY2023

Metric
EU
EU
GFAI
GFAI
Revenue
$12.4M
$18.0M
Net Profit
$-21.5M
$-13.8M
Gross Margin
37.9%
12.0%
Operating Margin
-135.9%
-66.1%
Net Margin
-173.9%
-76.9%
Revenue YoY
6.3%
Net Profit YoY
-118.5%
EPS (diluted)
$-0.11
$-4.35

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
EU
EU
GFAI
GFAI
Q4 25
$12.4M
Q3 25
$8.9M
Q2 25
$3.7M
Q1 25
$18.2M
Q2 23
$18.0M
Q2 22
$16.9M
Net Profit
EU
EU
GFAI
GFAI
Q4 25
$-21.5M
Q3 25
$-4.8M
Q2 25
$-6.3M
Q1 25
$-24.2M
Q2 23
$-13.8M
Q2 22
$-6.3M
Gross Margin
EU
EU
GFAI
GFAI
Q4 25
37.9%
Q3 25
43.8%
Q2 25
30.8%
Q1 25
-0.1%
Q2 23
12.0%
Q2 22
11.5%
Operating Margin
EU
EU
GFAI
GFAI
Q4 25
-135.9%
Q3 25
-158.2%
Q2 25
-526.1%
Q1 25
-85.7%
Q2 23
-66.1%
Q2 22
-32.8%
Net Margin
EU
EU
GFAI
GFAI
Q4 25
-173.9%
Q3 25
-53.7%
Q2 25
-172.7%
Q1 25
-132.9%
Q2 23
-76.9%
Q2 22
-37.4%
EPS (diluted)
EU
EU
GFAI
GFAI
Q4 25
$-0.11
Q3 25
$-0.03
Q2 25
$-0.03
Q1 25
$-0.13
Q2 23
$-4.35
Q2 22
$-7.16

Balance Sheet & Financial Strength

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

Metric
EU
EU
GFAI
GFAI
Cash + ST InvestmentsLiquidity on hand
$52.4M
$24.7M
Total DebtLower is stronger
$110.0M
Stockholders' EquityBook value
$229.2M
$25.0M
Total Assets
$430.4M
$64.1M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EU
EU
GFAI
GFAI
Q4 25
$52.4M
Q3 25
$91.9M
Q2 25
$26.9M
Q1 25
$29.7M
Q2 23
$24.7M
Q2 22
$7.7M
Total Debt
EU
EU
GFAI
GFAI
Q4 25
$110.0M
Q3 25
$109.3M
Q2 25
Q1 25
Q2 23
Q2 22
Stockholders' Equity
EU
EU
GFAI
GFAI
Q4 25
$229.2M
Q3 25
$248.6M
Q2 25
$264.7M
Q1 25
$267.9M
Q2 23
$25.0M
Q2 22
$29.4M
Total Assets
EU
EU
GFAI
GFAI
Q4 25
$430.4M
Q3 25
$441.9M
Q2 25
$359.4M
Q1 25
$362.6M
Q2 23
$64.1M
Q2 22
$68.8M
Debt / Equity
EU
EU
GFAI
GFAI
Q4 25
0.48×
Q3 25
0.44×
Q2 25
Q1 25
Q2 23
Q2 22

Cash Flow & Capital Efficiency

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

Metric
EU
EU
GFAI
GFAI
Operating Cash FlowLast quarter
$12.9M
$-1.0M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
57.8%
Capex IntensityCapex / Revenue
46.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EU
EU
GFAI
GFAI
Q4 25
$12.9M
Q3 25
$-20.3M
Q2 25
$-9.9M
Q1 25
$-7.7M
Q2 23
$-1.0M
Q2 22
$-13.8M
Free Cash Flow
EU
EU
GFAI
GFAI
Q4 25
$7.2M
Q3 25
$-26.3M
Q2 25
$-14.1M
Q1 25
$-11.7M
Q2 23
Q2 22
FCF Margin
EU
EU
GFAI
GFAI
Q4 25
57.8%
Q3 25
-296.6%
Q2 25
-385.2%
Q1 25
-64.1%
Q2 23
Q2 22
Capex Intensity
EU
EU
GFAI
GFAI
Q4 25
46.7%
Q3 25
68.0%
Q2 25
115.1%
Q1 25
21.7%
Q2 23
Q2 22

Financial Flow Comparison

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

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