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Side-by-side financial comparison of enCore Energy Corp. (EU) and NextPlat Corp (NXPL). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $12.4M, roughly 1.0× enCore Energy Corp.). NextPlat Corp runs the higher net margin — -40.2% vs -173.9%, a 133.7% gap on every dollar of revenue. enCore Energy Corp. produced more free cash flow last quarter ($7.2M vs $-339.0K).
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.
EU vs NXPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $12.8M |
| Net Profit | $-21.5M | $-5.1M |
| Gross Margin | 37.9% | 14.3% |
| Operating Margin | -135.9% | -28.9% |
| Net Margin | -173.9% | -40.2% |
| Revenue YoY | — | -21.1% |
| Net Profit YoY | — | -70.6% |
| EPS (diluted) | $-0.11 | — |
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.
| Q4 25 | $12.4M | $12.8M | ||
| Q3 25 | $8.9M | $13.8M | ||
| Q2 25 | $3.7M | $13.2M | ||
| Q1 25 | $18.2M | $14.5M | ||
| Q4 24 | — | $16.2M | ||
| Q3 24 | — | $15.4M | ||
| Q2 24 | — | $17.0M | ||
| Q1 24 | — | $17.5M |
| Q4 25 | $-21.5M | $-5.1M | ||
| Q3 25 | $-4.8M | $-2.2M | ||
| Q2 25 | $-6.3M | $-1.8M | ||
| Q1 25 | $-24.2M | $-1.3M | ||
| Q4 24 | — | $-3.0M | ||
| Q3 24 | — | $-4.2M | ||
| Q2 24 | — | $-5.3M | ||
| Q1 24 | — | $-1.5M |
| Q4 25 | 37.9% | 14.3% | ||
| Q3 25 | 43.8% | 19.9% | ||
| Q2 25 | 30.8% | 21.8% | ||
| Q1 25 | -0.1% | 23.8% | ||
| Q4 24 | — | 16.8% | ||
| Q3 24 | — | 23.2% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | -135.9% | -28.9% | ||
| Q3 25 | -158.2% | -14.5% | ||
| Q2 25 | -526.1% | -13.8% | ||
| Q1 25 | -85.7% | -10.2% | ||
| Q4 24 | — | -14.1% | ||
| Q3 24 | — | -52.1% | ||
| Q2 24 | — | -64.1% | ||
| Q1 24 | — | -10.5% |
| Q4 25 | -173.9% | -40.2% | ||
| Q3 25 | -53.7% | -15.9% | ||
| Q2 25 | -172.7% | -13.5% | ||
| Q1 25 | -132.9% | -9.2% | ||
| Q4 24 | — | -18.6% | ||
| Q3 24 | — | -27.4% | ||
| Q2 24 | — | -31.3% | ||
| Q1 24 | — | -8.5% |
| Q4 25 | $-0.11 | — | ||
| Q3 25 | $-0.03 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $-0.13 | $-0.05 | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-0.22 | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $52.4M | $13.7M |
| Total DebtLower is stronger | $110.0M | $1.3M |
| Stockholders' EquityBook value | $229.2M | $17.3M |
| Total Assets | $430.4M | $27.5M |
| Debt / EquityLower = less leverage | 0.48× | 0.07× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | $13.7M | ||
| Q3 25 | $91.9M | $13.9M | ||
| Q2 25 | $26.9M | $16.6M | ||
| Q1 25 | $29.7M | $17.7M | ||
| Q4 24 | — | $20.0M | ||
| Q3 24 | — | $20.4M | ||
| Q2 24 | — | $24.9M | ||
| Q1 24 | — | $23.5M |
| Q4 25 | $110.0M | $1.3M | ||
| Q3 25 | $109.3M | $1.2M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $1.4M | ||
| Q3 24 | — | $1.5M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $1.4M |
| Q4 25 | $229.2M | $17.3M | ||
| Q3 25 | $248.6M | $21.4M | ||
| Q2 25 | $264.7M | $23.5M | ||
| Q1 25 | $267.9M | $25.3M | ||
| Q4 24 | — | $27.3M | ||
| Q3 24 | — | $22.5M | ||
| Q2 24 | — | $26.5M | ||
| Q1 24 | — | $31.2M |
| Q4 25 | $430.4M | $27.5M | ||
| Q3 25 | $441.9M | $30.0M | ||
| Q2 25 | $359.4M | $31.0M | ||
| Q1 25 | $362.6M | $35.2M | ||
| Q4 24 | — | $37.1M | ||
| Q3 24 | — | $41.1M | ||
| Q2 24 | — | $51.5M | ||
| Q1 24 | — | $65.1M |
| Q4 25 | 0.48× | 0.07× | ||
| Q3 25 | 0.44× | 0.05× | ||
| Q2 25 | — | 0.05× | ||
| Q1 25 | — | 0.05× | ||
| Q4 24 | — | 0.05× | ||
| Q3 24 | — | 0.07× | ||
| Q2 24 | — | 0.05× | ||
| Q1 24 | — | 0.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.9M | $-302.0K |
| Free Cash FlowOCF − Capex | $7.2M | $-339.0K |
| FCF MarginFCF / Revenue | 57.8% | -2.6% |
| Capex IntensityCapex / Revenue | 46.7% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $-302.0K | ||
| Q3 25 | $-20.3M | $-2.7M | ||
| Q2 25 | $-9.9M | $-1.0M | ||
| Q1 25 | $-7.7M | $-2.1M | ||
| Q4 24 | — | $-476.0K | ||
| Q3 24 | — | $-4.6M | ||
| Q2 24 | — | $2.3M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | $7.2M | $-339.0K | ||
| Q3 25 | $-26.3M | — | ||
| Q2 25 | $-14.1M | $-1.1M | ||
| Q1 25 | $-11.7M | $-2.1M | ||
| Q4 24 | — | $-508.0K | ||
| Q3 24 | — | $-4.7M | ||
| Q2 24 | — | $2.2M | ||
| Q1 24 | — | $-2.7M |
| Q4 25 | 57.8% | -2.6% | ||
| Q3 25 | -296.6% | — | ||
| Q2 25 | -385.2% | -8.0% | ||
| Q1 25 | -64.1% | -14.3% | ||
| Q4 24 | — | -3.1% | ||
| Q3 24 | — | -30.6% | ||
| Q2 24 | — | 13.2% | ||
| Q1 24 | — | -15.7% |
| Q4 25 | 46.7% | 0.3% | ||
| Q3 25 | 68.0% | 0.0% | ||
| Q2 25 | 115.1% | 0.1% | ||
| Q1 25 | 21.7% | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.4% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EU
Segment breakdown not available.
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
