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Side-by-side financial comparison of FutureFuel Corp. (FF) and NextPlat Corp (NXPL). Click either name above to swap in a different company.

FutureFuel Corp. is the larger business by last-quarter revenue ($19.8M vs $12.8M, roughly 1.5× NextPlat Corp). NextPlat Corp runs the higher net margin — -40.2% vs -60.5%, a 20.3% gap on every dollar of revenue. On growth, NextPlat Corp posted the faster year-over-year revenue change (-21.1% vs -67.7%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-29.9M). Over the past eight quarters, NextPlat Corp's revenue compounded faster (-14.4% CAGR vs -41.7%).

FF vs NXPL — Head-to-Head

Bigger by revenue
FF
FF
1.5× larger
FF
$19.8M
$12.8M
NXPL
Growing faster (revenue YoY)
NXPL
NXPL
+46.6% gap
NXPL
-21.1%
-67.7%
FF
Higher net margin
NXPL
NXPL
20.3% more per $
NXPL
-40.2%
-60.5%
FF
More free cash flow
NXPL
NXPL
$29.5M more FCF
NXPL
$-339.0K
$-29.9M
FF
Faster 2-yr revenue CAGR
NXPL
NXPL
Annualised
NXPL
-14.4%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FF
FF
NXPL
NXPL
Revenue
$19.8M
$12.8M
Net Profit
$-12.0M
$-5.1M
Gross Margin
-46.7%
14.3%
Operating Margin
-62.9%
-28.9%
Net Margin
-60.5%
-40.2%
Revenue YoY
-67.7%
-21.1%
Net Profit YoY
-529.4%
-70.6%
EPS (diluted)
$-0.28

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
FF
FF
NXPL
NXPL
Q4 25
$19.8M
$12.8M
Q3 25
$22.7M
$13.8M
Q2 25
$35.7M
$13.2M
Q1 25
$17.5M
$14.5M
Q4 24
$61.5M
$16.2M
Q3 24
$51.1M
$15.4M
Q2 24
$72.4M
$17.0M
Q1 24
$58.3M
$17.5M
Net Profit
FF
FF
NXPL
NXPL
Q4 25
$-12.0M
$-5.1M
Q3 25
$-9.3M
$-2.2M
Q2 25
$-10.4M
$-1.8M
Q1 25
$-17.6M
$-1.3M
Q4 24
$2.8M
$-3.0M
Q3 24
$-1.2M
$-4.2M
Q2 24
$9.6M
$-5.3M
Q1 24
$4.3M
$-1.5M
Gross Margin
FF
FF
NXPL
NXPL
Q4 25
-46.7%
14.3%
Q3 25
-30.1%
19.9%
Q2 25
-24.6%
21.8%
Q1 25
-83.0%
23.8%
Q4 24
9.1%
16.8%
Q3 24
0.7%
23.2%
Q2 24
12.0%
34.5%
Q1 24
8.6%
27.8%
Operating Margin
FF
FF
NXPL
NXPL
Q4 25
-62.9%
-28.9%
Q3 25
-42.9%
-14.5%
Q2 25
-33.4%
-13.8%
Q1 25
-107.4%
-10.2%
Q4 24
2.6%
-14.1%
Q3 24
-5.6%
-52.1%
Q2 24
7.5%
-64.1%
Q1 24
3.8%
-10.5%
Net Margin
FF
FF
NXPL
NXPL
Q4 25
-60.5%
-40.2%
Q3 25
-41.1%
-15.9%
Q2 25
-29.2%
-13.5%
Q1 25
-100.6%
-9.2%
Q4 24
4.5%
-18.6%
Q3 24
-2.3%
-27.4%
Q2 24
13.2%
-31.3%
Q1 24
7.4%
-8.5%
EPS (diluted)
FF
FF
NXPL
NXPL
Q4 25
$-0.28
Q3 25
$-0.21
Q2 25
$-0.24
Q1 25
$-0.40
$-0.05
Q4 24
$0.06
Q3 24
$-0.03
$-0.22
Q2 24
$0.22
Q1 24
$0.10
$-0.08

Balance Sheet & Financial Strength

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

Metric
FF
FF
NXPL
NXPL
Cash + ST InvestmentsLiquidity on hand
$51.3M
$13.7M
Total DebtLower is stronger
$1.3M
Stockholders' EquityBook value
$154.7M
$17.3M
Total Assets
$192.2M
$27.5M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
NXPL
NXPL
Q4 25
$51.3M
$13.7M
Q3 25
$85.6M
$13.9M
Q2 25
$95.2M
$16.6M
Q1 25
$97.1M
$17.7M
Q4 24
$109.5M
$20.0M
Q3 24
$133.4M
$20.4M
Q2 24
$115.1M
$24.9M
Q1 24
$201.1M
$23.5M
Total Debt
FF
FF
NXPL
NXPL
Q4 25
$1.3M
Q3 25
$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
Stockholders' Equity
FF
FF
NXPL
NXPL
Q4 25
$154.7M
$17.3M
Q3 25
$169.1M
$21.4M
Q2 25
$178.2M
$23.5M
Q1 25
$188.4M
$25.3M
Q4 24
$205.8M
$27.3M
Q3 24
$213.3M
$22.5M
Q2 24
$214.4M
$26.5M
Q1 24
$204.8M
$31.2M
Total Assets
FF
FF
NXPL
NXPL
Q4 25
$192.2M
$27.5M
Q3 25
$203.5M
$30.0M
Q2 25
$218.2M
$31.0M
Q1 25
$227.7M
$35.2M
Q4 24
$247.7M
$37.1M
Q3 24
$256.5M
$41.1M
Q2 24
$261.2M
$51.5M
Q1 24
$365.4M
$65.1M
Debt / Equity
FF
FF
NXPL
NXPL
Q4 25
0.07×
Q3 25
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
FF
FF
NXPL
NXPL
Operating Cash FlowLast quarter
$-27.4M
$-302.0K
Free Cash FlowOCF − Capex
$-29.9M
$-339.0K
FCF MarginFCF / Revenue
-150.5%
-2.6%
Capex IntensityCapex / Revenue
12.2%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
NXPL
NXPL
Q4 25
$-27.4M
$-302.0K
Q3 25
$-1.1M
$-2.7M
Q2 25
$5.2M
$-1.0M
Q1 25
$-5.4M
$-2.1M
Q4 24
$-16.6M
$-476.0K
Q3 24
$25.8M
$-4.6M
Q2 24
$27.8M
$2.3M
Q1 24
$-12.2M
$-2.7M
Free Cash Flow
FF
FF
NXPL
NXPL
Q4 25
$-29.9M
$-339.0K
Q3 25
$-6.5M
Q2 25
$-263.0K
$-1.1M
Q1 25
$-9.4M
$-2.1M
Q4 24
$-20.7M
$-508.0K
Q3 24
$20.5M
$-4.7M
Q2 24
$24.8M
$2.2M
Q1 24
$-14.5M
$-2.7M
FCF Margin
FF
FF
NXPL
NXPL
Q4 25
-150.5%
-2.6%
Q3 25
-28.5%
Q2 25
-0.7%
-8.0%
Q1 25
-53.6%
-14.3%
Q4 24
-33.6%
-3.1%
Q3 24
40.1%
-30.6%
Q2 24
34.3%
13.2%
Q1 24
-24.9%
-15.7%
Capex Intensity
FF
FF
NXPL
NXPL
Q4 25
12.2%
0.3%
Q3 25
23.5%
0.0%
Q2 25
15.3%
0.1%
Q1 25
22.8%
0.2%
Q4 24
6.6%
0.2%
Q3 24
10.4%
0.6%
Q2 24
4.1%
0.4%
Q1 24
3.9%
0.4%
Cash Conversion
FF
FF
NXPL
NXPL
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5.94×
Q3 24
Q2 24
2.90×
Q1 24
-2.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

NXPL
NXPL

Healthcare Operations$9.0M70%
Ecommerce Revenue$3.8M30%

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