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Side-by-side financial comparison of GRAN TIERRA ENERGY INC. (GTE) and MESA LABORATORIES INC (MLAB). Click either name above to swap in a different company.

GRAN TIERRA ENERGY INC. is the larger business by last-quarter revenue ($124.4M vs $65.1M, roughly 1.9× MESA LABORATORIES INC). MESA LABORATORIES INC runs the higher net margin — 5.6% vs -113.4%, a 119.0% gap on every dollar of revenue. On growth, MESA LABORATORIES INC posted the faster year-over-year revenue change (3.6% vs -15.5%). Over the past eight quarters, MESA LABORATORIES INC's revenue compounded faster (5.1% CAGR vs -11.1%).

Gran Tierra Energy is an energy company founded by Jeffrey Scott, Dana Coffield, Max Wei, Jim Hart and Rafael Orunesu in May 2005. The company, based in Calgary, Alberta, Canada, focuses on oil and gas exploration, development and production, particularly in South America. The company announced its intentions to merge with Solana Resources on 29 July 2008.

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

GTE vs MLAB — Head-to-Head

Bigger by revenue
GTE
GTE
1.9× larger
GTE
$124.4M
$65.1M
MLAB
Growing faster (revenue YoY)
MLAB
MLAB
+19.1% gap
MLAB
3.6%
-15.5%
GTE
Higher net margin
MLAB
MLAB
119.0% more per $
MLAB
5.6%
-113.4%
GTE
Faster 2-yr revenue CAGR
MLAB
MLAB
Annualised
MLAB
5.1%
-11.1%
GTE

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
GTE
GTE
MLAB
MLAB
Revenue
$124.4M
$65.1M
Net Profit
$-141.1M
$3.6M
Gross Margin
64.2%
Operating Margin
-142.9%
12.2%
Net Margin
-113.4%
5.6%
Revenue YoY
-15.5%
3.6%
Net Profit YoY
-312.6%
316.6%
EPS (diluted)
$-3.98
$0.65

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
GTE
GTE
MLAB
MLAB
Q4 25
$124.4M
$65.1M
Q3 25
$149.3M
$60.7M
Q2 25
$152.5M
$59.5M
Q1 25
$170.5M
$62.1M
Q4 24
$147.3M
$62.8M
Q3 24
$151.4M
$57.8M
Q2 24
$165.6M
$58.2M
Q1 24
$157.6M
$58.9M
Net Profit
GTE
GTE
MLAB
MLAB
Q4 25
$-141.1M
$3.6M
Q3 25
$-19.9M
$2.5M
Q2 25
$-12.7M
$4.7M
Q1 25
$-19.3M
$-7.1M
Q4 24
$-34.2M
$-1.7M
Q3 24
$1.1M
$3.4M
Q2 24
$36.4M
$3.4M
Q1 24
$-78.0K
$-254.6M
Gross Margin
GTE
GTE
MLAB
MLAB
Q4 25
64.2%
Q3 25
61.5%
Q2 25
62.0%
Q1 25
61.8%
Q4 24
63.3%
Q3 24
61.3%
Q2 24
64.0%
Q1 24
62.1%
Operating Margin
GTE
GTE
MLAB
MLAB
Q4 25
-142.9%
12.2%
Q3 25
-20.9%
7.8%
Q2 25
-5.3%
5.1%
Q1 25
-9.2%
2.4%
Q4 24
-14.9%
9.2%
Q3 24
14.5%
6.1%
Q2 24
16.5%
9.6%
Q1 24
11.0%
-460.6%
Net Margin
GTE
GTE
MLAB
MLAB
Q4 25
-113.4%
5.6%
Q3 25
-13.4%
4.1%
Q2 25
-8.4%
8.0%
Q1 25
-11.3%
-11.4%
Q4 24
-23.2%
-2.7%
Q3 24
0.7%
5.9%
Q2 24
22.0%
5.8%
Q1 24
-0.0%
-432.2%
EPS (diluted)
GTE
GTE
MLAB
MLAB
Q4 25
$-3.98
$0.65
Q3 25
$-0.57
$0.45
Q2 25
$-0.36
$0.85
Q1 25
$-0.54
$-1.30
Q4 24
$-1.10
$-0.31
Q3 24
$0.04
$0.63
Q2 24
$1.16
$0.62
Q1 24
$0.00
$-47.26

Balance Sheet & Financial Strength

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

Metric
GTE
GTE
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$82.9M
$29.0M
Total DebtLower is stronger
$686.5M
$68.4M
Stockholders' EquityBook value
$228.7M
$186.7M
Total Assets
$1.6B
$434.8M
Debt / EquityLower = less leverage
3.00×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTE
GTE
MLAB
MLAB
Q4 25
$82.9M
$29.0M
Q3 25
$49.1M
$20.4M
Q2 25
$61.0M
$21.3M
Q1 25
$76.6M
$27.3M
Q4 24
$103.4M
$27.3M
Q3 24
$277.6M
$24.3M
Q2 24
$115.3M
$28.5M
Q1 24
$126.6M
$28.2M
Total Debt
GTE
GTE
MLAB
MLAB
Q4 25
$686.5M
$68.4M
Q3 25
$761.8M
$69.4M
Q2 25
$772.6M
$70.3M
Q1 25
$726.3M
$71.3M
Q4 24
$722.1M
$72.2M
Q3 24
$718.4M
$73.1M
Q2 24
$582.1M
$74.1M
Q1 24
$583.1M
Stockholders' Equity
GTE
GTE
MLAB
MLAB
Q4 25
$228.7M
$186.7M
Q3 25
$366.0M
$178.5M
Q2 25
$389.8M
$172.5M
Q1 25
$393.8M
$159.8M
Q4 24
$413.6M
$155.2M
Q3 24
$420.9M
$161.5M
Q2 24
$420.9M
$150.7M
Q1 24
$392.0M
$145.4M
Total Assets
GTE
GTE
MLAB
MLAB
Q4 25
$1.6B
$434.8M
Q3 25
$1.7B
$430.4M
Q2 25
$1.7B
$435.7M
Q1 25
$1.7B
$433.3M
Q4 24
$1.7B
$433.3M
Q3 24
$1.5B
$454.1M
Q2 24
$1.4B
$440.4M
Q1 24
$1.4B
$446.8M
Debt / Equity
GTE
GTE
MLAB
MLAB
Q4 25
3.00×
0.37×
Q3 25
2.08×
0.39×
Q2 25
1.98×
0.41×
Q1 25
1.84×
0.45×
Q4 24
1.75×
0.47×
Q3 24
1.71×
0.45×
Q2 24
1.38×
0.49×
Q1 24
1.49×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTE
GTE
MLAB
MLAB
Operating Cash FlowLast quarter
$157.2M
$18.8M
Free Cash FlowOCF − Capex
$18.0M
FCF MarginFCF / Revenue
27.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
5.17×
TTM Free Cash FlowTrailing 4 quarters
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTE
GTE
MLAB
MLAB
Q4 25
$157.2M
$18.8M
Q3 25
$48.1M
$8.2M
Q2 25
$34.7M
$1.9M
Q1 25
$73.2M
$12.7M
Q4 24
$26.6M
$18.1M
Q3 24
$78.7M
$5.3M
Q2 24
$73.2M
$10.7M
Q1 24
$60.8M
$12.9M
Free Cash Flow
GTE
GTE
MLAB
MLAB
Q4 25
$18.0M
Q3 25
$7.1M
Q2 25
$884.0K
Q1 25
$11.9M
Q4 24
$17.3M
Q3 24
$3.5M
Q2 24
$9.9M
Q1 24
$12.3M
FCF Margin
GTE
GTE
MLAB
MLAB
Q4 25
27.7%
Q3 25
11.7%
Q2 25
1.5%
Q1 25
19.2%
Q4 24
27.6%
Q3 24
6.0%
Q2 24
16.9%
Q1 24
21.0%
Capex Intensity
GTE
GTE
MLAB
MLAB
Q4 25
1.1%
Q3 25
1.8%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
1.3%
Q3 24
3.1%
Q2 24
1.5%
Q1 24
0.9%
Cash Conversion
GTE
GTE
MLAB
MLAB
Q4 25
5.17×
Q3 25
3.32×
Q2 25
0.40×
Q1 25
Q4 24
Q3 24
69.42×
1.54×
Q2 24
2.01×
3.17×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

GTE
GTE

Colombia Segment$89.1M72%
Other$22.9M18%
Ecuador Segment$12.5M10%

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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