vs

Side-by-side financial comparison of Envirotech Vehicles, Inc. (EVTV) and Xos, Inc. (XOS). Click either name above to swap in a different company.

Xos, Inc. is the larger business by last-quarter revenue ($5.2M vs $2.5M, roughly 2.1× Envirotech Vehicles, Inc.). Xos, Inc. runs the higher net margin — -186.8% vs -545.9%, a 359.0% gap on every dollar of revenue. On growth, Envirotech Vehicles, Inc. posted the faster year-over-year revenue change (908.5% vs -54.5%). Over the past eight quarters, Envirotech Vehicles, Inc.'s revenue compounded faster (75.2% CAGR vs -35.7%).

Envirotech Vehicles, Inc. is a provider of zero-emission commercial electric vehicles, with product lines covering light-duty delivery vans, medium-duty work trucks, and purpose-built special electric vehicles. It mainly serves North American logistics, municipal services, and last-mile delivery segments, supporting custom vehicle configuration to match clients' specific operational requirements.

Xos, Inc. is an American manufacturer of commercial electric vehicles (EVs) and mobile EV chargers.

EVTV vs XOS — Head-to-Head

Bigger by revenue
XOS
XOS
2.1× larger
XOS
$5.2M
$2.5M
EVTV
Growing faster (revenue YoY)
EVTV
EVTV
+963.0% gap
EVTV
908.5%
-54.5%
XOS
Higher net margin
XOS
XOS
359.0% more per $
XOS
-186.8%
-545.9%
EVTV
Faster 2-yr revenue CAGR
EVTV
EVTV
Annualised
EVTV
75.2%
-35.7%
XOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVTV
EVTV
XOS
XOS
Revenue
$2.5M
$5.2M
Net Profit
$-13.6M
$-9.8M
Gross Margin
-479.8%
-50.5%
Operating Margin
-566.0%
-186.6%
Net Margin
-545.9%
-186.8%
Revenue YoY
908.5%
-54.5%
Net Profit YoY
-484.0%
48.6%
EPS (diluted)
$-0.76

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
EVTV
EVTV
XOS
XOS
Q4 25
$2.5M
$5.2M
Q3 25
$1.8M
$16.5M
Q2 25
$1.0M
$18.4M
Q1 25
$590.6K
$5.9M
Q4 24
$246.8K
$11.5M
Q3 24
$0
$15.8M
Q2 24
$812.8K
$15.5M
Q1 24
$810.5K
$12.6M
Net Profit
EVTV
EVTV
XOS
XOS
Q4 25
$-13.6M
$-9.8M
Q3 25
$-6.4M
$2.1M
Q2 25
$-5.1M
$-7.5M
Q1 25
$-14.0M
$-10.2M
Q4 24
$-19.0M
Q3 24
$-1.2M
$-10.5M
Q2 24
$-755.1K
$-9.7M
Q1 24
$-4.5M
$-11.0M
Gross Margin
EVTV
EVTV
XOS
XOS
Q4 25
-479.8%
-50.5%
Q3 25
4.5%
15.3%
Q2 25
-139.2%
8.8%
Q1 25
20.2%
20.6%
Q4 24
44.9%
-32.4%
Q3 24
18.1%
Q2 24
25.1%
13.1%
Q1 24
38.0%
22.1%
Operating Margin
EVTV
EVTV
XOS
XOS
Q4 25
-566.0%
-186.6%
Q3 25
-334.5%
-42.4%
Q2 25
-458.4%
-38.5%
Q1 25
-2325.2%
-157.7%
Q4 24
-127.0%
Q3 24
-61.4%
Q2 24
-163.0%
-73.2%
Q1 24
-364.8%
-81.1%
Net Margin
EVTV
EVTV
XOS
XOS
Q4 25
-545.9%
-186.8%
Q3 25
-350.8%
12.9%
Q2 25
-491.6%
-40.8%
Q1 25
-2376.8%
-173.3%
Q4 24
-165.4%
Q3 24
-66.6%
Q2 24
-92.9%
-62.2%
Q1 24
-559.2%
-87.1%
EPS (diluted)
EVTV
EVTV
XOS
XOS
Q4 25
$-0.76
Q3 25
$0.22
Q2 25
$-0.91
Q1 25
$-1.26
Q4 24
$-2.34
Q3 24
$-1.32
Q2 24
$-1.23
Q1 24
$-1.80

Balance Sheet & Financial Strength

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

Metric
EVTV
EVTV
XOS
XOS
Cash + ST InvestmentsLiquidity on hand
$359.0K
$14.0M
Total DebtLower is stronger
$485.8K
Stockholders' EquityBook value
$-8.9M
$23.3M
Total Assets
$4.7M
$60.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVTV
EVTV
XOS
XOS
Q4 25
$359.0K
$14.0M
Q3 25
$77.6K
$14.1M
Q2 25
$942.2K
$8.8M
Q1 25
$211.3K
$4.8M
Q4 24
$1.9M
$11.0M
Q3 24
$682.7K
$8.4M
Q2 24
$437.1K
$19.7M
Q1 24
$1.0M
$46.2M
Total Debt
EVTV
EVTV
XOS
XOS
Q4 25
$485.8K
Q3 25
$2.9M
Q2 25
$4.9M
Q1 25
$4.6M
Q4 24
$3.4M
Q3 24
$918.1K
Q2 24
$1.3M
Q1 24
$1.1M
Stockholders' Equity
EVTV
EVTV
XOS
XOS
Q4 25
$-8.9M
$23.3M
Q3 25
$1.9M
$31.1M
Q2 25
$5.9M
$18.3M
Q1 25
$9.2M
$24.8M
Q4 24
$20.9M
$33.6M
Q3 24
$19.0M
$50.8M
Q2 24
$18.1M
$59.2M
Q1 24
$18.5M
$67.8M
Total Assets
EVTV
EVTV
XOS
XOS
Q4 25
$4.7M
$60.4M
Q3 25
$18.2M
$73.8M
Q2 25
$22.7M
$80.3M
Q1 25
$24.8M
$87.7M
Q4 24
$32.7M
$98.3M
Q3 24
$22.8M
$120.5M
Q2 24
$22.5M
$123.4M
Q1 24
$23.2M
$135.0M
Debt / Equity
EVTV
EVTV
XOS
XOS
Q4 25
Q3 25
1.54×
Q2 25
0.84×
Q1 25
0.50×
Q4 24
0.16×
Q3 24
0.05×
Q2 24
0.07×
Q1 24
0.06×

Cash Flow & Capital Efficiency

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

Metric
EVTV
EVTV
XOS
XOS
Operating Cash FlowLast quarter
$708.3K
$2.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVTV
EVTV
XOS
XOS
Q4 25
$708.3K
$2.4M
Q3 25
$-910.4K
$3.1M
Q2 25
$-1.2M
$4.6M
Q1 25
$-4.2M
$-4.8M
Q4 24
$-3.5M
$3.3M
Q3 24
$-1.1M
$-11.5M
Q2 24
$-965.0K
$-26.0M
Q1 24
$-735.6K
$-14.6M
Free Cash Flow
EVTV
EVTV
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
$-4.4M
Q4 24
$-3.9M
Q3 24
$-1.2M
$-11.7M
Q2 24
$-1.1M
$-26.1M
Q1 24
$-14.6M
FCF Margin
EVTV
EVTV
XOS
XOS
Q4 25
Q3 25
Q2 25
Q1 25
-744.1%
Q4 24
-1594.4%
Q3 24
-73.9%
Q2 24
-135.4%
-168.1%
Q1 24
-115.7%
Capex Intensity
EVTV
EVTV
XOS
XOS
Q4 25
0.0%
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.0%
Q1 25
29.9%
0.0%
Q4 24
174.4%
0.0%
Q3 24
0.9%
Q2 24
16.6%
0.8%
Q1 24
0.0%
0.2%
Cash Conversion
EVTV
EVTV
XOS
XOS
Q4 25
Q3 25
1.45×
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.

Related Comparisons