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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and Vericel Corp (VCEL). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($105.5M vs $92.9M, roughly 1.1× Vericel Corp). On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs -0.8%). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs 8.9%).
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.
Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.
GRNT vs VCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.5M | $92.9M |
| Net Profit | — | $23.2M |
| Gross Margin | — | 78.7% |
| Operating Margin | -34.5% | 24.1% |
| Net Margin | — | 25.0% |
| Revenue YoY | -0.8% | 23.3% |
| Net Profit YoY | — | 17.3% |
| EPS (diluted) | $-0.19 | $0.46 |
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 | $92.9M | ||
| Q3 25 | $112.7M | $67.5M | ||
| Q2 25 | $109.2M | $63.2M | ||
| Q1 25 | $122.9M | $52.6M | ||
| Q4 24 | $106.3M | $75.4M | ||
| Q3 24 | $94.1M | $57.9M | ||
| Q2 24 | $90.7M | $52.7M | ||
| Q1 24 | $89.0M | $51.3M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | $14.5M | $5.1M | ||
| Q2 25 | $25.1M | $-553.0K | ||
| Q1 25 | $9.8M | $-11.2M | ||
| Q4 24 | — | $19.8M | ||
| Q3 24 | $9.1M | $-901.0K | ||
| Q2 24 | $5.1M | $-4.7M | ||
| Q1 24 | $16.2M | $-3.9M |
| Q4 25 | — | 78.7% | ||
| Q3 25 | — | 73.5% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | — | 69.0% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 71.9% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 68.9% |
| Q4 25 | -34.5% | 24.1% | ||
| Q3 25 | 17.4% | 5.1% | ||
| Q2 25 | 19.0% | -3.2% | ||
| Q1 25 | 34.6% | -24.3% | ||
| Q4 24 | -6.5% | 24.5% | ||
| Q3 24 | 26.2% | -4.3% | ||
| Q2 24 | 24.1% | -11.5% | ||
| Q1 24 | 22.0% | -10.7% |
| Q4 25 | — | 25.0% | ||
| Q3 25 | 12.9% | 7.5% | ||
| Q2 25 | 23.0% | -0.9% | ||
| Q1 25 | 8.0% | -21.4% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | 9.6% | -1.6% | ||
| Q2 24 | 5.6% | -8.9% | ||
| Q1 24 | 18.2% | -7.5% |
| Q4 25 | $-0.19 | $0.46 | ||
| Q3 25 | $0.11 | $0.10 | ||
| Q2 25 | $0.19 | $-0.01 | ||
| Q1 25 | $0.07 | $-0.23 | ||
| Q4 24 | $-0.09 | $0.40 | ||
| Q3 24 | $0.07 | $-0.02 | ||
| Q2 24 | $0.04 | $-0.10 | ||
| Q1 24 | $0.12 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $137.5M |
| Total DebtLower is stronger | $367.8M | — |
| Stockholders' EquityBook value | $605.8M | $354.6M |
| Total Assets | $1.2B | $488.0M |
| Debt / EquityLower = less leverage | 0.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $137.5M | ||
| Q3 25 | — | $135.4M | ||
| Q2 25 | — | $116.9M | ||
| Q1 25 | — | $112.9M | ||
| Q4 24 | — | $116.2M | ||
| Q3 24 | — | $101.7M | ||
| Q2 24 | — | $102.5M | ||
| Q1 24 | — | $110.6M |
| Q4 25 | $367.8M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $137.5M | — |
| Q4 25 | $605.8M | $354.6M | ||
| Q3 25 | $643.9M | $321.9M | ||
| Q2 25 | $642.5M | $306.8M | ||
| Q1 25 | $631.4M | $295.5M | ||
| Q4 24 | $635.4M | $292.0M | ||
| Q3 24 | $660.6M | $257.5M | ||
| Q2 24 | $665.3M | $243.0M | ||
| Q1 24 | $674.0M | $233.9M |
| Q4 25 | $1.2B | $488.0M | ||
| Q3 25 | $1.1B | $453.3M | ||
| Q2 25 | $1.1B | $435.6M | ||
| Q1 25 | $1.1B | $424.6M | ||
| Q4 24 | $1.0B | $432.7M | ||
| Q3 24 | $1.0B | $390.4M | ||
| Q2 24 | $990.5M | $376.8M | ||
| Q1 24 | $966.7M | $356.7M |
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| Q3 24 | — | — | ||
| 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 | $15.0M |
| Free Cash FlowOCF − Capex | — | $12.8M |
| FCF MarginFCF / Revenue | — | 13.8% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.5M | $15.0M | ||
| Q3 25 | $77.8M | $22.1M | ||
| Q2 25 | $78.0M | $8.2M | ||
| Q1 25 | $76.1M | $6.6M | ||
| Q4 24 | $68.2M | $22.2M | ||
| Q3 24 | $74.7M | $10.2M | ||
| Q2 24 | $64.2M | $18.5M | ||
| Q1 24 | $68.7M | $7.2M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | — | $19.5M | ||
| Q2 25 | — | $81.0K | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $-9.2M | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | $-6.8M |
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | -15.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | -13.3% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 27.3% |
| Q4 25 | — | 0.65× | ||
| Q3 25 | 5.36× | 4.35× | ||
| Q2 25 | 3.11× | — | ||
| Q1 25 | 7.75× | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | 8.25× | — | ||
| Q2 24 | 12.58× | — | ||
| 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% |
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
