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Side-by-side financial comparison of Global Water Resources, Inc. (GWRS) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

Sol-Gel Technologies Ltd. is the larger business by last-quarter revenue ($17.3M vs $13.5M, roughly 1.3× Global Water Resources, Inc.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs -7.1%, a 74.4% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs 2.2%).

Canadian Natural Resources Limited, or CNRL or Canadian Natural is a senior Canadian oil and natural gas company that operates primarily in the Western Canadian provinces of British Columbia, Alberta, Saskatchewan, and Manitoba, with offshore operations in the United Kingdom sector of the North Sea, and offshore Côte d'Ivoire and Gabon. The company, which is headquartered in Calgary, Alberta, has the largest undeveloped base in the Western Canadian Sedimentary Basin. It is the largest indepe...

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

GWRS vs SLGL — Head-to-Head

Bigger by revenue
SLGL
SLGL
1.3× larger
SLGL
$17.3M
$13.5M
GWRS
Growing faster (revenue YoY)
SLGL
SLGL
+215.5% gap
SLGL
217.7%
2.2%
GWRS
Higher net margin
SLGL
SLGL
74.4% more per $
SLGL
67.3%
-7.1%
GWRS

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
GWRS
GWRS
SLGL
SLGL
Revenue
$13.5M
$17.3M
Net Profit
$-963.0K
$11.6M
Gross Margin
Operating Margin
2.7%
65.1%
Net Margin
-7.1%
67.3%
Revenue YoY
2.2%
217.7%
Net Profit YoY
-317.4%
487.6%
EPS (diluted)
$-0.03
$4.17

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
GWRS
GWRS
SLGL
SLGL
Q4 25
$13.5M
Q3 25
$15.5M
Q2 25
$14.2M
$17.3M
Q1 25
$12.5M
Q4 24
$13.3M
Q3 24
$14.3M
Q2 24
$13.5M
$5.4M
Q1 24
$11.6M
Net Profit
GWRS
GWRS
SLGL
SLGL
Q4 25
$-963.0K
Q3 25
$1.7M
Q2 25
$1.6M
$11.6M
Q1 25
$591.0K
Q4 24
$443.0K
Q3 24
$2.9M
Q2 24
$1.7M
$2.0M
Q1 24
$691.0K
Operating Margin
GWRS
GWRS
SLGL
SLGL
Q4 25
2.7%
Q3 25
18.8%
Q2 25
18.4%
65.1%
Q1 25
10.1%
Q4 24
9.9%
Q3 24
27.8%
Q2 24
20.7%
29.9%
Q1 24
10.9%
Net Margin
GWRS
GWRS
SLGL
SLGL
Q4 25
-7.1%
Q3 25
11.1%
Q2 25
11.3%
67.3%
Q1 25
4.7%
Q4 24
3.3%
Q3 24
20.4%
Q2 24
12.8%
36.4%
Q1 24
6.0%
EPS (diluted)
GWRS
GWRS
SLGL
SLGL
Q4 25
$-0.03
Q3 25
$0.06
Q2 25
$0.06
$4.17
Q1 25
$0.02
Q4 24
$0.02
Q3 24
$0.12
Q2 24
$0.07
$0.71
Q1 24
$0.03

Balance Sheet & Financial Strength

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

Metric
GWRS
GWRS
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$4.1M
$24.3M
Total DebtLower is stronger
$133.7M
Stockholders' EquityBook value
$86.6M
$31.9M
Total Assets
$482.9M
$39.3M
Debt / EquityLower = less leverage
1.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GWRS
GWRS
SLGL
SLGL
Q4 25
$4.1M
Q3 25
$15.3M
Q2 25
$10.2M
$24.3M
Q1 25
$31.5M
Q4 24
$9.0M
Q3 24
$18.1M
Q2 24
$18.1M
$26.5M
Q1 24
$20.7M
Total Debt
GWRS
GWRS
SLGL
SLGL
Q4 25
$133.7M
Q3 25
Q2 25
Q1 25
Q4 24
$118.5M
Q3 24
$120.4M
Q2 24
$119.1M
Q1 24
$121.0M
Stockholders' Equity
GWRS
GWRS
SLGL
SLGL
Q4 25
$86.6M
Q3 25
$89.6M
Q2 25
$76.7M
$31.9M
Q1 25
$77.2M
Q4 24
$47.6M
Q3 24
$48.8M
Q2 24
$47.6M
$34.9M
Q1 24
$47.7M
Total Assets
GWRS
GWRS
SLGL
SLGL
Q4 25
$482.9M
Q3 25
$480.7M
Q2 25
$449.4M
$39.3M
Q1 25
$443.9M
Q4 24
$405.1M
Q3 24
$402.9M
Q2 24
$384.5M
$42.0M
Q1 24
$381.7M
Debt / Equity
GWRS
GWRS
SLGL
SLGL
Q4 25
1.54×
Q3 25
Q2 25
Q1 25
Q4 24
2.49×
Q3 24
2.47×
Q2 24
2.50×
Q1 24
2.54×

Cash Flow & Capital Efficiency

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

Metric
GWRS
GWRS
SLGL
SLGL
Operating Cash FlowLast quarter
$2.7M
Free Cash FlowOCF − Capex
$-15.0M
FCF MarginFCF / Revenue
-110.8%
Capex IntensityCapex / Revenue
130.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-47.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GWRS
GWRS
SLGL
SLGL
Q4 25
$2.7M
Q3 25
$8.6M
Q2 25
$1.4M
Q1 25
$7.5M
Q4 24
$6.0M
Q3 24
$2.2M
Q2 24
$5.5M
Q1 24
$8.1M
Free Cash Flow
GWRS
GWRS
SLGL
SLGL
Q4 25
$-15.0M
Q3 25
$-5.6M
Q2 25
$-18.8M
Q1 25
$-7.7M
Q4 24
$-7.2M
Q3 24
$-4.7M
Q2 24
$-943.0K
Q1 24
$2.3M
FCF Margin
GWRS
GWRS
SLGL
SLGL
Q4 25
-110.8%
Q3 25
-36.0%
Q2 25
-132.2%
Q1 25
-62.1%
Q4 24
-54.1%
Q3 24
-33.1%
Q2 24
-7.0%
Q1 24
19.9%
Capex Intensity
GWRS
GWRS
SLGL
SLGL
Q4 25
130.7%
Q3 25
91.7%
Q2 25
141.7%
Q1 25
122.1%
Q4 24
99.3%
Q3 24
48.6%
Q2 24
47.7%
Q1 24
49.6%
Cash Conversion
GWRS
GWRS
SLGL
SLGL
Q4 25
Q3 25
5.04×
Q2 25
0.84×
Q1 25
12.65×
Q4 24
13.52×
Q3 24
0.76×
Q2 24
3.18×
Q1 24
11.68×

Financial Flow Comparison

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

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