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

FutureFuel Corp. is the larger business by last-quarter revenue ($19.8M vs $18.6M, roughly 1.1× Zeo Energy Corp.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -60.5%, a 49.7% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -67.7%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-29.9M). Over the past eight quarters, Zeo Energy Corp.'s revenue compounded faster (-4.0% CAGR vs -41.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

FF vs ZEO — Head-to-Head

Bigger by revenue
FF
FF
1.1× larger
FF
$19.8M
$18.6M
ZEO
Growing faster (revenue YoY)
ZEO
ZEO
+67.3% gap
ZEO
-0.4%
-67.7%
FF
Higher net margin
ZEO
ZEO
49.7% more per $
ZEO
-10.8%
-60.5%
FF
More free cash flow
ZEO
ZEO
$32.1M more FCF
ZEO
$2.3M
$-29.9M
FF
Faster 2-yr revenue CAGR
ZEO
ZEO
Annualised
ZEO
-4.0%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FF
FF
ZEO
ZEO
Revenue
$19.8M
$18.6M
Net Profit
$-12.0M
$-2.0M
Gross Margin
-46.7%
Operating Margin
-62.9%
-11.8%
Net Margin
-60.5%
-10.8%
Revenue YoY
-67.7%
-0.4%
Net Profit YoY
-529.4%
-360.9%
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
ZEO
ZEO
Q4 25
$19.8M
$18.6M
Q3 25
$22.7M
$23.9M
Q2 25
$35.7M
$18.1M
Q1 25
$17.5M
$8.8M
Q4 24
$61.5M
$18.6M
Q3 24
$51.1M
$19.7M
Q2 24
$72.4M
$14.8M
Q1 24
$58.3M
$20.1M
Net Profit
FF
FF
ZEO
ZEO
Q4 25
$-12.0M
$-2.0M
Q3 25
$-9.3M
$-3.2M
Q2 25
$-10.4M
$-2.4M
Q1 25
$-17.6M
$-6.4M
Q4 24
$2.8M
$-435.3K
Q3 24
$-1.2M
$-424.3K
Q2 24
$9.6M
$-277.8K
Q1 24
$4.3M
$-1.5M
Gross Margin
FF
FF
ZEO
ZEO
Q4 25
-46.7%
Q3 25
-30.1%
57.9%
Q2 25
-24.6%
59.8%
Q1 25
-83.0%
99.3%
Q4 24
9.1%
Q3 24
0.7%
50.2%
Q2 24
12.0%
52.3%
Q1 24
8.6%
Operating Margin
FF
FF
ZEO
ZEO
Q4 25
-62.9%
-11.8%
Q3 25
-42.9%
-8.3%
Q2 25
-33.4%
-15.8%
Q1 25
-107.4%
-153.8%
Q4 24
2.6%
-6.0%
Q3 24
-5.6%
-15.2%
Q2 24
7.5%
-18.0%
Q1 24
3.8%
-20.1%
Net Margin
FF
FF
ZEO
ZEO
Q4 25
-60.5%
-10.8%
Q3 25
-41.1%
-13.5%
Q2 25
-29.2%
-13.3%
Q1 25
-100.6%
-72.4%
Q4 24
4.5%
-2.3%
Q3 24
-2.3%
-2.2%
Q2 24
13.2%
-1.9%
Q1 24
7.4%
-7.6%
EPS (diluted)
FF
FF
ZEO
ZEO
Q4 25
$-0.28
Q3 25
$-0.21
Q2 25
$-0.24
Q1 25
$-0.40
$-0.48
Q4 24
$0.06
$1.11
Q3 24
$-0.03
$-0.08
Q2 24
$0.22
$0.03
Q1 24
$0.10
$-1.54

Balance Sheet & Financial Strength

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

Metric
FF
FF
ZEO
ZEO
Cash + ST InvestmentsLiquidity on hand
$51.3M
$6.1M
Total DebtLower is stronger
$79.1K
Stockholders' EquityBook value
$154.7M
$5.3M
Total Assets
$192.2M
$56.9M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
ZEO
ZEO
Q4 25
$51.3M
$6.1M
Q3 25
$85.6M
$3.9M
Q2 25
$95.2M
$68.7K
Q1 25
$97.1M
$2.9M
Q4 24
$109.5M
$5.6M
Q3 24
$133.4M
$4.3M
Q2 24
$115.1M
$5.3M
Q1 24
$201.1M
Total Debt
FF
FF
ZEO
ZEO
Q4 25
$79.1K
Q3 25
$84.6K
Q2 25
$642.8K
Q1 25
$715.4K
Q4 24
$787.7K
Q3 24
$858.6K
Q2 24
$1.6M
Q1 24
$748.8K
Stockholders' Equity
FF
FF
ZEO
ZEO
Q4 25
$154.7M
$5.3M
Q3 25
$169.1M
$-1.7M
Q2 25
$178.2M
$-59.4M
Q1 25
$188.4M
$-23.1M
Q4 24
$205.8M
$-88.9M
Q3 24
$213.3M
$-39.3M
Q2 24
$214.4M
$-53.0M
Q1 24
$204.8M
$-173.0M
Total Assets
FF
FF
ZEO
ZEO
Q4 25
$192.2M
$56.9M
Q3 25
$203.5M
$58.5M
Q2 25
$218.2M
$46.2M
Q1 25
$227.7M
$47.4M
Q4 24
$247.7M
$61.0M
Q3 24
$256.5M
$47.1M
Q2 24
$261.2M
$49.1M
Q1 24
$365.4M
$50.1M
Debt / Equity
FF
FF
ZEO
ZEO
Q4 25
0.01×
Q3 25
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
FF
FF
ZEO
ZEO
Operating Cash FlowLast quarter
$-27.4M
$2.4M
Free Cash FlowOCF − Capex
$-29.9M
$2.3M
FCF MarginFCF / Revenue
-150.5%
12.2%
Capex IntensityCapex / Revenue
12.2%
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
ZEO
ZEO
Q4 25
$-27.4M
$2.4M
Q3 25
$-1.1M
$-6.6M
Q2 25
$5.2M
$-2.3M
Q1 25
$-5.4M
$-2.3M
Q4 24
$-16.6M
$3.5M
Q3 24
$25.8M
$162.2K
Q2 24
$27.8M
$-2.2M
Q1 24
$-12.2M
$-10.2M
Free Cash Flow
FF
FF
ZEO
ZEO
Q4 25
$-29.9M
$2.3M
Q3 25
$-6.5M
$-6.8M
Q2 25
$-263.0K
$-2.7M
Q1 25
$-9.4M
$-2.6M
Q4 24
$-20.7M
$3.4M
Q3 24
$20.5M
$116.5K
Q2 24
$24.8M
$-2.3M
Q1 24
$-14.5M
$-10.4M
FCF Margin
FF
FF
ZEO
ZEO
Q4 25
-150.5%
12.2%
Q3 25
-28.5%
-28.6%
Q2 25
-0.7%
-15.0%
Q1 25
-53.6%
-30.0%
Q4 24
-33.6%
18.2%
Q3 24
40.1%
0.6%
Q2 24
34.3%
-15.6%
Q1 24
-24.9%
-51.5%
Capex Intensity
FF
FF
ZEO
ZEO
Q4 25
12.2%
0.9%
Q3 25
23.5%
1.0%
Q2 25
15.3%
2.4%
Q1 25
22.8%
4.2%
Q4 24
6.6%
0.5%
Q3 24
10.4%
0.2%
Q2 24
4.1%
0.7%
Q1 24
3.9%
1.1%
Cash Conversion
FF
FF
ZEO
ZEO
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%

ZEO
ZEO

Nonrelated Party$18.1M98%
Related Party$432.1K2%

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