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Side-by-side financial comparison of enCore Energy Corp. (EU) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
enCore Energy Corp. is the larger business by last-quarter revenue ($12.4M vs $9.4M, roughly 1.3× Velo3D, Inc.). enCore Energy Corp. runs the higher net margin — -173.9% vs -231.9%, a 58.0% gap on every dollar of revenue. enCore Energy Corp. produced more free cash flow last quarter ($7.2M vs $-8.3M).
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.
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
EU vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.4M | $9.4M |
| Net Profit | $-21.5M | $-21.9M |
| Gross Margin | 37.9% | -73.6% |
| Operating Margin | -135.9% | -231.0% |
| Net Margin | -173.9% | -231.9% |
| Revenue YoY | — | -25.2% |
| Net Profit YoY | — | -2.9% |
| EPS (diluted) | $-0.11 | $-0.87 |
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 | $9.4M | ||
| Q3 25 | $8.9M | $13.6M | ||
| Q2 25 | $3.7M | $13.6M | ||
| Q1 25 | $18.2M | $9.3M | ||
| Q4 24 | — | $12.6M | ||
| Q3 24 | — | $8.2M | ||
| Q2 24 | — | $10.3M | ||
| Q1 24 | — | $9.8M |
| Q4 25 | $-21.5M | $-21.9M | ||
| Q3 25 | $-4.8M | $-11.2M | ||
| Q2 25 | $-6.3M | $-13.3M | ||
| Q1 25 | $-24.2M | $-25.0M | ||
| Q4 24 | — | $-21.3M | ||
| Q3 24 | — | $-21.9M | ||
| Q2 24 | — | $935.0K | ||
| Q1 24 | — | $-27.5M |
| Q4 25 | 37.9% | -73.6% | ||
| Q3 25 | 43.8% | 3.2% | ||
| Q2 25 | 30.8% | -11.7% | ||
| Q1 25 | -0.1% | 7.5% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | 49.4% | ||
| Q2 24 | — | -28.0% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | -135.9% | -231.0% | ||
| Q3 25 | -158.2% | -73.3% | ||
| Q2 25 | -526.1% | -85.4% | ||
| Q1 25 | -85.7% | -123.6% | ||
| Q4 24 | — | -167.0% | ||
| Q3 24 | — | -213.8% | ||
| Q2 24 | — | -187.7% | ||
| Q1 24 | — | -211.1% |
| Q4 25 | -173.9% | -231.9% | ||
| Q3 25 | -53.7% | -82.0% | ||
| Q2 25 | -172.7% | -97.7% | ||
| Q1 25 | -132.9% | -268.4% | ||
| Q4 24 | — | -168.5% | ||
| Q3 24 | — | -265.3% | ||
| Q2 24 | — | 9.0% | ||
| Q1 24 | — | -281.2% |
| Q4 25 | $-0.11 | $-0.87 | ||
| Q3 25 | $-0.03 | $-0.65 | ||
| Q2 25 | $-0.03 | $-0.94 | ||
| Q1 25 | $-0.13 | $-1.87 | ||
| Q4 24 | — | $7.06 | ||
| Q3 24 | — | $-35.52 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | — | $-55.51 |
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 | $39.0M |
| Total DebtLower is stronger | $110.0M | $31.0M |
| Stockholders' EquityBook value | $229.2M | $38.2M |
| Total Assets | $430.4M | $105.3M |
| Debt / EquityLower = less leverage | 0.48× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.4M | $39.0M | ||
| Q3 25 | $91.9M | $11.8M | ||
| Q2 25 | $26.9M | $854.0K | ||
| Q1 25 | $29.7M | $3.9M | ||
| Q4 24 | — | $1.2M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $3.2M | ||
| Q1 24 | — | $10.9M |
| Q4 25 | $110.0M | $31.0M | ||
| Q3 25 | $109.3M | $23.0M | ||
| Q2 25 | — | $22.5M | ||
| Q1 25 | — | $21.7M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $33.5M | ||
| Q1 24 | — | $44.0M |
| Q4 25 | $229.2M | $38.2M | ||
| Q3 25 | $248.6M | $29.9M | ||
| Q2 25 | $264.7M | $21.4M | ||
| Q1 25 | $267.9M | $32.8M | ||
| Q4 24 | — | $39.7M | ||
| Q3 24 | — | $34.4M | ||
| Q2 24 | — | $52.1M | ||
| Q1 24 | — | $45.5M |
| Q4 25 | $430.4M | $105.3M | ||
| Q3 25 | $441.9M | $93.7M | ||
| Q2 25 | $359.4M | $78.4M | ||
| Q1 25 | $362.6M | $91.3M | ||
| Q4 24 | — | $89.2M | ||
| Q3 24 | — | $110.8M | ||
| Q2 24 | — | $116.7M | ||
| Q1 24 | — | $136.1M |
| Q4 25 | 0.48× | 0.81× | ||
| Q3 25 | 0.44× | 0.77× | ||
| Q2 25 | — | 1.05× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.14× | ||
| Q3 24 | — | 0.94× | ||
| Q2 24 | — | 0.64× | ||
| Q1 24 | — | 0.97× |
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 | $-7.7M |
| Free Cash FlowOCF − Capex | $7.2M | $-8.3M |
| FCF MarginFCF / Revenue | 57.8% | -88.3% |
| Capex IntensityCapex / Revenue | 46.7% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.9M | $-7.7M | ||
| Q3 25 | $-20.3M | $-6.0M | ||
| Q2 25 | $-9.9M | $-1.2M | ||
| Q1 25 | $-7.7M | $-12.3M | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
| Q4 25 | $7.2M | $-8.3M | ||
| Q3 25 | $-26.3M | $-6.3M | ||
| Q2 25 | $-14.1M | $-3.0M | ||
| Q1 25 | $-11.7M | — | ||
| Q4 24 | — | $-2.2M | ||
| Q3 24 | — | $-2.0M | ||
| Q2 24 | — | $-8.0M | ||
| Q1 24 | — | $-20.5M |
| Q4 25 | 57.8% | -88.3% | ||
| Q3 25 | -296.6% | -46.5% | ||
| Q2 25 | -385.2% | -22.2% | ||
| Q1 25 | -64.1% | — | ||
| Q4 24 | — | -17.7% | ||
| Q3 24 | — | -24.2% | ||
| Q2 24 | — | -77.1% | ||
| Q1 24 | — | -209.8% |
| Q4 25 | 46.7% | 6.4% | ||
| Q3 25 | 68.0% | 2.3% | ||
| Q2 25 | 115.1% | 13.3% | ||
| Q1 25 | 21.7% | 0.0% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
