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

Zevia PBC is the larger business by last-quarter revenue ($37.9M vs $19.8M, roughly 1.9× FutureFuel Corp.). Zevia PBC runs the higher net margin — -3.4% vs -60.5%, a 57.1% gap on every dollar of revenue. On growth, Zevia PBC posted the faster year-over-year revenue change (-4.0% vs -67.7%). Over the past eight quarters, Zevia PBC's revenue compounded faster (-1.2% 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.

Zevia is a Los Angeles based company that produces soft drinks, organic tea, energy drinks, and mixers sweetened with stevia. All Zevia products are zero-calorie, sugar-free, gluten free, vegan, certified kosher, and certified by The Non-GMO Project. In June 2021, Zevia filed to go public with an IPO.

FF vs ZVIA — Head-to-Head

Bigger by revenue
ZVIA
ZVIA
1.9× larger
ZVIA
$37.9M
$19.8M
FF
Growing faster (revenue YoY)
ZVIA
ZVIA
+63.7% gap
ZVIA
-4.0%
-67.7%
FF
Higher net margin
ZVIA
ZVIA
57.1% more per $
ZVIA
-3.4%
-60.5%
FF
Faster 2-yr revenue CAGR
ZVIA
ZVIA
Annualised
ZVIA
-1.2%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FF
FF
ZVIA
ZVIA
Revenue
$19.8M
$37.9M
Net Profit
$-12.0M
$-1.3M
Gross Margin
-46.7%
47.7%
Operating Margin
-62.9%
-4.0%
Net Margin
-60.5%
-3.4%
Revenue YoY
-67.7%
-4.0%
Net Profit YoY
-529.4%
80.9%
EPS (diluted)
$-0.28
$-0.02

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
ZVIA
ZVIA
Q4 25
$19.8M
$37.9M
Q3 25
$22.7M
$40.8M
Q2 25
$35.7M
$44.5M
Q1 25
$17.5M
$38.0M
Q4 24
$61.5M
$39.5M
Q3 24
$51.1M
$36.4M
Q2 24
$72.4M
$40.4M
Q1 24
$58.3M
$38.8M
Net Profit
FF
FF
ZVIA
ZVIA
Q4 25
$-12.0M
$-1.3M
Q3 25
$-9.3M
$-2.7M
Q2 25
$-10.4M
$-651.0K
Q1 25
$-17.6M
$-6.4M
Q4 24
$2.8M
$-6.8M
Q3 24
$-1.2M
$-2.5M
Q2 24
$9.6M
$-7.0M
Q1 24
$4.3M
$-7.2M
Gross Margin
FF
FF
ZVIA
ZVIA
Q4 25
-46.7%
47.7%
Q3 25
-30.1%
45.6%
Q2 25
-24.6%
48.7%
Q1 25
-83.0%
50.1%
Q4 24
9.1%
49.2%
Q3 24
0.7%
49.1%
Q2 24
12.0%
41.9%
Q1 24
8.6%
45.7%
Operating Margin
FF
FF
ZVIA
ZVIA
Q4 25
-62.9%
-4.0%
Q3 25
-42.9%
-7.0%
Q2 25
-33.4%
-2.3%
Q1 25
-107.4%
-16.8%
Q4 24
2.6%
-16.1%
Q3 24
-5.6%
-8.2%
Q2 24
7.5%
-17.5%
Q1 24
3.8%
-18.8%
Net Margin
FF
FF
ZVIA
ZVIA
Q4 25
-60.5%
-3.4%
Q3 25
-41.1%
-6.6%
Q2 25
-29.2%
-1.5%
Q1 25
-100.6%
-16.8%
Q4 24
4.5%
-17.2%
Q3 24
-2.3%
-6.9%
Q2 24
13.2%
-17.2%
Q1 24
7.4%
-18.6%
EPS (diluted)
FF
FF
ZVIA
ZVIA
Q4 25
$-0.28
$-0.02
Q3 25
$-0.21
$-0.04
Q2 25
$-0.24
$-0.01
Q1 25
$-0.40
$-0.08
Q4 24
$0.06
$-0.10
Q3 24
$-0.03
$-0.04
Q2 24
$0.22
$-0.10
Q1 24
$0.10
$-0.10

Balance Sheet & Financial Strength

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

Metric
FF
FF
ZVIA
ZVIA
Cash + ST InvestmentsLiquidity on hand
$51.3M
$25.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$154.7M
$51.0M
Total Assets
$192.2M
$63.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
ZVIA
ZVIA
Q4 25
$51.3M
$25.4M
Q3 25
$85.6M
$26.0M
Q2 25
$95.2M
Q1 25
$97.1M
Q4 24
$109.5M
$30.7M
Q3 24
$133.4M
Q2 24
$115.1M
Q1 24
$201.1M
Stockholders' Equity
FF
FF
ZVIA
ZVIA
Q4 25
$154.7M
$51.0M
Q3 25
$169.1M
$51.3M
Q2 25
$178.2M
$53.0M
Q1 25
$188.4M
$53.7M
Q4 24
$205.8M
$64.9M
Q3 24
$213.3M
$72.5M
Q2 24
$214.4M
$75.0M
Q1 24
$204.8M
$80.3M
Total Assets
FF
FF
ZVIA
ZVIA
Q4 25
$192.2M
$63.6M
Q3 25
$203.5M
$60.0M
Q2 25
$218.2M
$62.5M
Q1 25
$227.7M
$62.0M
Q4 24
$247.7M
$68.0M
Q3 24
$256.5M
$72.9M
Q2 24
$261.2M
$72.8M
Q1 24
$365.4M
$85.1M

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
ZVIA
ZVIA
Operating Cash FlowLast quarter
$-27.4M
$-507.0K
Free Cash FlowOCF − Capex
$-29.9M
FCF MarginFCF / Revenue
-150.5%
Capex IntensityCapex / Revenue
12.2%
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
ZVIA
ZVIA
Q4 25
$-27.4M
$-507.0K
Q3 25
$-1.1M
$116.0K
Q2 25
$5.2M
$-1.4M
Q1 25
$-5.4M
$-2.9M
Q4 24
$-16.6M
$-2.0M
Q3 24
$25.8M
$3.9M
Q2 24
$27.8M
$282.0K
Q1 24
$-12.2M
$-3.2M
Free Cash Flow
FF
FF
ZVIA
ZVIA
Q4 25
$-29.9M
Q3 25
$-6.5M
Q2 25
$-263.0K
Q1 25
$-9.4M
Q4 24
$-20.7M
Q3 24
$20.5M
Q2 24
$24.8M
Q1 24
$-14.5M
FCF Margin
FF
FF
ZVIA
ZVIA
Q4 25
-150.5%
Q3 25
-28.5%
Q2 25
-0.7%
Q1 25
-53.6%
Q4 24
-33.6%
Q3 24
40.1%
Q2 24
34.3%
Q1 24
-24.9%
Capex Intensity
FF
FF
ZVIA
ZVIA
Q4 25
12.2%
Q3 25
23.5%
Q2 25
15.3%
Q1 25
22.8%
Q4 24
6.6%
Q3 24
10.4%
Q2 24
4.1%
Q1 24
3.9%
Cash Conversion
FF
FF
ZVIA
ZVIA
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%

ZVIA
ZVIA

Segment breakdown not available.

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