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Side-by-side financial comparison of enCore Energy Corp. (EU) and Spero Therapeutics, Inc. (SPRO). Click either name above to swap in a different company.

Spero Therapeutics, Inc. is the larger business by last-quarter revenue ($12.6M vs $12.4M, roughly 1.0× enCore Energy Corp.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs -173.9%, a 424.6% 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.

EU vs SPRO — Head-to-Head

Bigger by revenue
SPRO
SPRO
1.0× larger
SPRO
$12.6M
$12.4M
EU
Higher net margin
SPRO
SPRO
424.6% more per $
SPRO
250.7%
-173.9%
EU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EU
EU
SPRO
SPRO
Revenue
$12.4M
$12.6M
Net Profit
$-21.5M
$31.5M
Gross Margin
37.9%
Operating Margin
-135.9%
Net Margin
-173.9%
250.7%
Revenue YoY
24080.8%
Net Profit YoY
250.9%
EPS (diluted)
$-0.11
$0.56

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
SPRO
SPRO
Q4 25
$12.4M
$12.6M
Q3 25
$8.9M
$0
Q2 25
$3.7M
$0
Q1 25
$18.2M
$12.0K
Q4 24
$52.0K
Q3 24
$65.0K
Q2 24
$114.0K
Q1 24
$140.0K
Net Profit
EU
EU
SPRO
SPRO
Q4 25
$-21.5M
$31.5M
Q3 25
$-4.8M
$-7.4M
Q2 25
$-6.3M
$-1.7M
Q1 25
$-24.2M
$-13.9M
Q4 24
Q3 24
$-17.1M
Q2 24
$-17.9M
Q1 24
$-12.7M
Gross Margin
EU
EU
SPRO
SPRO
Q4 25
37.9%
Q3 25
43.8%
Q2 25
30.8%
Q1 25
-0.1%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
EU
EU
SPRO
SPRO
Q4 25
-135.9%
Q3 25
-158.2%
Q2 25
-526.1%
Q1 25
-85.7%
-122758.3%
Q4 24
Q3 24
-28604.6%
Q2 24
-16720.2%
Q1 24
-9987.1%
Net Margin
EU
EU
SPRO
SPRO
Q4 25
-173.9%
250.7%
Q3 25
-53.7%
Q2 25
-172.7%
Q1 25
-132.9%
-115550.0%
Q4 24
Q3 24
-26380.0%
Q2 24
-15668.4%
Q1 24
-9049.3%
EPS (diluted)
EU
EU
SPRO
SPRO
Q4 25
$-0.11
$0.56
Q3 25
$-0.03
$-0.13
Q2 25
$-0.03
$-0.03
Q1 25
$-0.13
$-0.25
Q4 24
Q3 24
$-0.32
Q2 24
$-0.33
Q1 24
$-0.24

Balance Sheet & Financial Strength

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

Metric
EU
EU
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$52.4M
$40.3M
Total DebtLower is stronger
$110.0M
Stockholders' EquityBook value
$229.2M
$59.0M
Total Assets
$430.4M
$68.9M
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EU
EU
SPRO
SPRO
Q4 25
$52.4M
$40.3M
Q3 25
$91.9M
$48.6M
Q2 25
$26.9M
$31.2M
Q1 25
$29.7M
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Total Debt
EU
EU
SPRO
SPRO
Q4 25
$110.0M
Q3 25
$109.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EU
EU
SPRO
SPRO
Q4 25
$229.2M
$59.0M
Q3 25
$248.6M
$26.5M
Q2 25
$264.7M
$32.8M
Q1 25
$267.9M
$33.8M
Q4 24
$46.1M
Q3 24
$65.5M
Q2 24
$80.5M
Q1 24
$96.2M
Total Assets
EU
EU
SPRO
SPRO
Q4 25
$430.4M
$68.9M
Q3 25
$441.9M
$54.2M
Q2 25
$359.4M
$62.1M
Q1 25
$362.6M
$77.7M
Q4 24
$110.5M
Q3 24
$135.2M
Q2 24
$149.9M
Q1 24
$167.7M
Debt / Equity
EU
EU
SPRO
SPRO
Q4 25
0.48×
Q3 25
0.44×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
SPRO
SPRO
Operating Cash FlowLast quarter
$12.9M
$-8.4M
Free Cash FlowOCF − Capex
$7.2M
FCF MarginFCF / Revenue
57.8%
Capex IntensityCapex / Revenue
46.7%
Cash ConversionOCF / Net Profit
-0.26×
TTM Free Cash FlowTrailing 4 quarters
$-45.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EU
EU
SPRO
SPRO
Q4 25
$12.9M
$-8.4M
Q3 25
$-20.3M
$17.4M
Q2 25
$-9.9M
$-17.7M
Q1 25
$-7.7M
$-4.0M
Q4 24
$-23.4M
Q3 24
$12.8M
Q2 24
$-18.7M
Q1 24
$5.9M
Free Cash Flow
EU
EU
SPRO
SPRO
Q4 25
$7.2M
Q3 25
$-26.3M
Q2 25
$-14.1M
Q1 25
$-11.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EU
EU
SPRO
SPRO
Q4 25
57.8%
Q3 25
-296.6%
Q2 25
-385.2%
Q1 25
-64.1%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EU
EU
SPRO
SPRO
Q4 25
46.7%
Q3 25
68.0%
Q2 25
115.1%
Q1 25
21.7%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
EU
EU
SPRO
SPRO
Q4 25
-0.26×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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