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Side-by-side financial comparison of HALLADOR ENERGY CO (HNRG) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

HALLADOR ENERGY CO is the larger business by last-quarter revenue ($101.9M vs $75.5M, roughly 1.4× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 8.9%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-16.8M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs -4.4%).

Hallador Energy Co is a U.S.-based energy firm focused on low-sulfur coal production and electric generation operations. It serves the North American market, supplying coal to utility and industrial clients, and delivering power to regional residential and commercial segments.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

HNRG vs PBYI — Head-to-Head

Bigger by revenue
HNRG
HNRG
1.4× larger
HNRG
$101.9M
$75.5M
PBYI
Growing faster (revenue YoY)
PBYI
PBYI
+18.8% gap
PBYI
27.7%
8.9%
HNRG
More free cash flow
PBYI
PBYI
$31.2M more FCF
PBYI
$14.4M
$-16.8M
HNRG
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
-4.4%
HNRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HNRG
HNRG
PBYI
PBYI
Revenue
$101.9M
$75.5M
Net Profit
$-240.0K
Gross Margin
69.3%
Operating Margin
6.1%
22.7%
Net Margin
-0.2%
Revenue YoY
8.9%
27.7%
Net Profit YoY
99.9%
EPS (diluted)
$-0.01
$0.26

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
HNRG
HNRG
PBYI
PBYI
Q4 25
$101.9M
$75.5M
Q3 25
$146.8M
$54.5M
Q2 25
$102.9M
$52.4M
Q1 25
$117.8M
$46.0M
Q4 24
$93.6M
$59.1M
Q3 24
$105.2M
$80.5M
Q2 24
$93.8M
$47.1M
Q1 24
$111.6M
$43.8M
Net Profit
HNRG
HNRG
PBYI
PBYI
Q4 25
$-240.0K
Q3 25
$23.9M
$8.8M
Q2 25
$8.2M
$5.9M
Q1 25
$10.0M
$3.0M
Q4 24
$-215.8M
Q3 24
$1.6M
$20.3M
Q2 24
$-10.2M
$-4.5M
Q1 24
$-1.7M
$-4.8M
Gross Margin
HNRG
HNRG
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
23.7%
75.5%
Operating Margin
HNRG
HNRG
PBYI
PBYI
Q4 25
6.1%
22.7%
Q3 25
19.8%
17.6%
Q2 25
11.5%
12.7%
Q1 25
11.8%
8.7%
Q4 24
-233.5%
22.6%
Q3 24
4.5%
27.4%
Q2 24
-7.8%
-4.6%
Q1 24
2.4%
-5.3%
Net Margin
HNRG
HNRG
PBYI
PBYI
Q4 25
-0.2%
Q3 25
16.3%
16.2%
Q2 25
8.0%
11.2%
Q1 25
8.5%
6.5%
Q4 24
-230.5%
Q3 24
1.5%
25.2%
Q2 24
-10.9%
-9.6%
Q1 24
-1.5%
-11.0%
EPS (diluted)
HNRG
HNRG
PBYI
PBYI
Q4 25
$-0.01
$0.26
Q3 25
$0.55
$0.17
Q2 25
$0.19
$0.12
Q1 25
$0.23
$0.06
Q4 24
$-5.44
$0.40
Q3 24
$0.04
$0.41
Q2 24
$-0.27
$-0.09
Q1 24
$-0.05
$-0.10

Balance Sheet & Financial Strength

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

Metric
HNRG
HNRG
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$10.1M
$97.5M
Total DebtLower is stronger
$29.7M
$22.7M
Stockholders' EquityBook value
$159.8M
$130.3M
Total Assets
$408.1M
$216.3M
Debt / EquityLower = less leverage
0.19×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNRG
HNRG
PBYI
PBYI
Q4 25
$10.1M
$97.5M
Q3 25
$12.7M
$94.4M
Q2 25
$9.2M
$96.0M
Q1 25
$6.9M
$93.2M
Q4 24
$7.2M
$101.0M
Q3 24
$3.8M
$96.7M
Q2 24
$6.4M
$96.8M
Q1 24
$1.6M
$107.2M
Total Debt
HNRG
HNRG
PBYI
PBYI
Q4 25
$29.7M
$22.7M
Q3 25
$42.7M
$34.0M
Q2 25
$43.1M
$45.3M
Q1 25
$21.0M
$56.7M
Q4 24
$41.5M
$68.0M
Q3 24
$67.0M
$79.3M
Q2 24
$42.7M
$90.7M
Q1 24
$73.8M
$102.0M
Stockholders' Equity
HNRG
HNRG
PBYI
PBYI
Q4 25
$159.8M
$130.3M
Q3 25
$146.2M
$115.3M
Q2 25
$122.2M
$104.7M
Q1 25
$115.3M
$97.1M
Q4 24
$104.3M
$92.1M
Q3 24
$318.8M
$71.1M
Q2 24
$316.2M
$48.5M
Q1 24
$283.9M
$51.0M
Total Assets
HNRG
HNRG
PBYI
PBYI
Q4 25
$408.1M
$216.3M
Q3 25
$409.5M
$202.9M
Q2 25
$409.5M
$194.9M
Q1 25
$366.1M
$196.2M
Q4 24
$369.1M
$213.3M
Q3 24
$579.7M
$220.7M
Q2 24
$595.2M
$205.0M
Q1 24
$585.4M
$214.1M
Debt / Equity
HNRG
HNRG
PBYI
PBYI
Q4 25
0.19×
0.17×
Q3 25
0.29×
0.30×
Q2 25
0.35×
0.43×
Q1 25
0.18×
0.58×
Q4 24
0.40×
0.74×
Q3 24
0.21×
1.12×
Q2 24
0.13×
1.87×
Q1 24
0.26×
2.00×

Cash Flow & Capital Efficiency

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

Metric
HNRG
HNRG
PBYI
PBYI
Operating Cash FlowLast quarter
$8.2M
$14.4M
Free Cash FlowOCF − Capex
$-16.8M
$14.4M
FCF MarginFCF / Revenue
-16.5%
19.1%
Capex IntensityCapex / Revenue
24.5%
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$11.9M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNRG
HNRG
PBYI
PBYI
Q4 25
$8.2M
$14.4M
Q3 25
$23.2M
$9.7M
Q2 25
$11.4M
$14.1M
Q1 25
$38.4M
$3.6M
Q4 24
$38.9M
$15.6M
Q3 24
$-12.9M
$11.0M
Q2 24
$23.5M
$1.0M
Q1 24
$16.4M
$11.2M
Free Cash Flow
HNRG
HNRG
PBYI
PBYI
Q4 25
$-16.8M
$14.4M
Q3 25
$3.7M
$9.7M
Q2 25
$-1.7M
$14.1M
Q1 25
$26.7M
$3.6M
Q4 24
$25.2M
$15.6M
Q3 24
$-24.5M
$11.0M
Q2 24
$10.4M
$1.0M
Q1 24
$1.5M
FCF Margin
HNRG
HNRG
PBYI
PBYI
Q4 25
-16.5%
19.1%
Q3 25
2.5%
17.7%
Q2 25
-1.6%
26.8%
Q1 25
22.7%
7.7%
Q4 24
26.9%
26.4%
Q3 24
-23.3%
13.7%
Q2 24
11.0%
2.1%
Q1 24
1.3%
Capex Intensity
HNRG
HNRG
PBYI
PBYI
Q4 25
24.5%
0.0%
Q3 25
13.3%
0.0%
Q2 25
12.7%
0.0%
Q1 25
9.9%
0.1%
Q4 24
14.7%
0.0%
Q3 24
11.0%
0.0%
Q2 24
14.0%
0.0%
Q1 24
13.3%
0.0%
Cash Conversion
HNRG
HNRG
PBYI
PBYI
Q4 25
Q3 25
0.97×
1.10×
Q2 25
1.38×
2.41×
Q1 25
3.85×
1.21×
Q4 24
Q3 24
-8.31×
0.54×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNRG
HNRG

Delivered Energy$58.6M57%
Coal Sales$29.1M29%
Coal Operations$14.4M14%

PBYI
PBYI

Segment breakdown not available.

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