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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $105.5M, roughly 1.3× Granite Ridge Resources, Inc.). On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -0.8%). Over the past eight quarters, Granite Ridge Resources, Inc.'s revenue compounded faster (8.9% CAGR vs 8.3%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
GRNT vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $140.7M |
| Net Profit | — | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | -34.5% | -1.6% |
| Net Margin | — | -2.3% |
| Revenue YoY | -0.8% | 9.1% |
| Net Profit YoY | — | 62.1% |
| EPS (diluted) | $-0.19 | $0.03 |
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 | $105.5M | $140.7M | ||
| Q3 25 | $112.7M | $118.8M | ||
| Q2 25 | $109.2M | $105.1M | ||
| Q1 25 | $122.9M | $104.2M | ||
| Q4 24 | $106.3M | $129.0M | ||
| Q3 24 | $94.1M | $118.6M | ||
| Q2 24 | $90.7M | $120.3M | ||
| Q1 24 | $89.0M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $14.5M | $-11.7M | ||
| Q2 25 | $25.1M | $-17.3M | ||
| Q1 25 | $9.8M | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $9.1M | $-39.2M | ||
| Q2 24 | $5.1M | $27.0K | ||
| Q1 24 | $16.2M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | -34.5% | -1.6% | ||
| Q3 25 | 17.4% | -10.2% | ||
| Q2 25 | 19.0% | -13.5% | ||
| Q1 25 | 34.6% | -13.9% | ||
| Q4 24 | -6.5% | -6.0% | ||
| Q3 24 | 26.2% | -39.5% | ||
| Q2 24 | 24.1% | -12.1% | ||
| Q1 24 | 22.0% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | 12.9% | -9.9% | ||
| Q2 25 | 23.0% | -16.5% | ||
| Q1 25 | 8.0% | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | 9.6% | -33.1% | ||
| Q2 24 | 5.6% | 0.0% | ||
| Q1 24 | 18.2% | -41.8% |
| Q4 25 | $-0.19 | $0.03 | ||
| Q3 25 | $0.11 | $0.11 | ||
| Q2 25 | $0.19 | $0.16 | ||
| Q1 25 | $0.07 | $0.18 | ||
| Q4 24 | $-0.09 | $0.08 | ||
| Q3 24 | $0.07 | $0.36 | ||
| Q2 24 | $0.04 | $0.00 | ||
| Q1 24 | $0.12 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.3M |
| Total DebtLower is stronger | $367.8M | $126.7M |
| Stockholders' EquityBook value | $605.8M | $-29.7M |
| Total Assets | $1.2B | $296.3M |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $23.4M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | $367.8M | $126.7M | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | $137.5M | — |
| Q4 25 | $605.8M | $-29.7M | ||
| Q3 25 | $643.9M | $-26.9M | ||
| Q2 25 | $642.5M | $-15.6M | ||
| Q1 25 | $631.4M | $1.3M | ||
| Q4 24 | $635.4M | $20.2M | ||
| Q3 24 | $660.6M | $28.0M | ||
| Q2 24 | $665.3M | $66.4M | ||
| Q1 24 | $674.0M | $65.5M |
| Q4 25 | $1.2B | $296.3M | ||
| Q3 25 | $1.1B | $302.1M | ||
| Q2 25 | $1.1B | $303.8M | ||
| Q1 25 | $1.1B | $293.8M | ||
| Q4 24 | $1.0B | $307.8M | ||
| Q3 24 | $1.0B | $309.3M | ||
| Q2 24 | $990.5M | $362.1M | ||
| Q1 24 | $966.7M | $382.1M |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.20× | — |
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 | $64.5M | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.5M | $-5.8M | ||
| Q3 25 | $77.8M | $-968.0K | ||
| Q2 25 | $78.0M | $-4.0M | ||
| Q1 25 | $76.1M | $-23.1M | ||
| Q4 24 | $68.2M | $6.8M | ||
| Q3 24 | $74.7M | $1.1M | ||
| Q2 24 | $64.2M | $-8.9M | ||
| Q1 24 | $68.7M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M | ||
| Q1 24 | — | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% | ||
| Q1 24 | — | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | — | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 5.36× | — | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | -330.22× | ||
| Q1 24 | 4.23× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil And Gas Service | $87.6M | 83% |
| Natural Gas Storage | $17.9M | 17% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
