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Side-by-side financial comparison of HALLADOR ENERGY CO (HNRG) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

HALLADOR ENERGY CO is the larger business by last-quarter revenue ($101.9M vs $69.8M, roughly 1.5× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs -0.2%, a 384.3% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 8.9%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

HNRG vs RIGL — Head-to-Head

Bigger by revenue
HNRG
HNRG
1.5× larger
HNRG
$101.9M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+12.3% gap
RIGL
21.2%
8.9%
HNRG
Higher net margin
RIGL
RIGL
384.3% more per $
RIGL
384.0%
-0.2%
HNRG
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
-4.4%
HNRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HNRG
HNRG
RIGL
RIGL
Revenue
$101.9M
$69.8M
Net Profit
$-240.0K
$268.1M
Gross Margin
91.5%
Operating Margin
6.1%
33.2%
Net Margin
-0.2%
384.0%
Revenue YoY
8.9%
21.2%
Net Profit YoY
99.9%
1769.2%
EPS (diluted)
$-0.01
$14.11

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
RIGL
RIGL
Q4 25
$101.9M
$69.8M
Q3 25
$146.8M
$69.5M
Q2 25
$102.9M
$101.7M
Q1 25
$117.8M
$53.3M
Q4 24
$93.6M
$57.6M
Q3 24
$105.2M
$55.3M
Q2 24
$93.8M
$36.8M
Q1 24
$111.6M
$29.5M
Net Profit
HNRG
HNRG
RIGL
RIGL
Q4 25
$-240.0K
$268.1M
Q3 25
$23.9M
$27.9M
Q2 25
$8.2M
$59.6M
Q1 25
$10.0M
$11.4M
Q4 24
$-215.8M
$14.3M
Q3 24
$1.6M
$12.4M
Q2 24
$-10.2M
$-1.0M
Q1 24
$-1.7M
$-8.2M
Gross Margin
HNRG
HNRG
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
23.7%
93.1%
Operating Margin
HNRG
HNRG
RIGL
RIGL
Q4 25
6.1%
33.2%
Q3 25
19.8%
40.9%
Q2 25
11.5%
60.1%
Q1 25
11.8%
23.9%
Q4 24
-233.5%
28.9%
Q3 24
4.5%
25.4%
Q2 24
-7.8%
1.2%
Q1 24
2.4%
-23.6%
Net Margin
HNRG
HNRG
RIGL
RIGL
Q4 25
-0.2%
384.0%
Q3 25
16.3%
40.2%
Q2 25
8.0%
58.6%
Q1 25
8.5%
21.5%
Q4 24
-230.5%
24.9%
Q3 24
1.5%
22.5%
Q2 24
-10.9%
-2.8%
Q1 24
-1.5%
-27.9%
EPS (diluted)
HNRG
HNRG
RIGL
RIGL
Q4 25
$-0.01
$14.11
Q3 25
$0.55
$1.46
Q2 25
$0.19
$3.28
Q1 25
$0.23
$0.63
Q4 24
$-5.44
$0.82
Q3 24
$0.04
$0.70
Q2 24
$-0.27
$-0.06
Q1 24
$-0.05
$-0.47

Balance Sheet & Financial Strength

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

Metric
HNRG
HNRG
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$10.1M
$155.0M
Total DebtLower is stronger
$29.7M
$52.5M
Stockholders' EquityBook value
$159.8M
$391.5M
Total Assets
$408.1M
$513.6M
Debt / EquityLower = less leverage
0.19×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNRG
HNRG
RIGL
RIGL
Q4 25
$10.1M
$155.0M
Q3 25
$12.7M
$137.1M
Q2 25
$9.2M
$108.4M
Q1 25
$6.9M
$77.1M
Q4 24
$7.2M
$77.3M
Q3 24
$3.8M
$61.1M
Q2 24
$6.4M
$49.1M
Q1 24
$1.6M
$49.5M
Total Debt
HNRG
HNRG
RIGL
RIGL
Q4 25
$29.7M
$52.5M
Q3 25
$42.7M
$60.0M
Q2 25
$43.1M
$60.0M
Q1 25
$21.0M
$60.0M
Q4 24
$41.5M
$60.0M
Q3 24
$67.0M
$60.0M
Q2 24
$42.7M
$60.0M
Q1 24
$73.8M
$60.0M
Stockholders' Equity
HNRG
HNRG
RIGL
RIGL
Q4 25
$159.8M
$391.5M
Q3 25
$146.2M
$117.6M
Q2 25
$122.2M
$81.9M
Q1 25
$115.3M
$18.6M
Q4 24
$104.3M
$3.3M
Q3 24
$318.8M
$-14.6M
Q2 24
$316.2M
$-29.9M
Q1 24
$283.9M
$-31.7M
Total Assets
HNRG
HNRG
RIGL
RIGL
Q4 25
$408.1M
$513.6M
Q3 25
$409.5M
$242.5M
Q2 25
$409.5M
$206.7M
Q1 25
$366.1M
$176.0M
Q4 24
$369.1M
$164.0M
Q3 24
$579.7M
$139.4M
Q2 24
$595.2M
$128.4M
Q1 24
$585.4M
$126.5M
Debt / Equity
HNRG
HNRG
RIGL
RIGL
Q4 25
0.19×
0.13×
Q3 25
0.29×
0.51×
Q2 25
0.35×
0.73×
Q1 25
0.18×
3.23×
Q4 24
0.40×
18.25×
Q3 24
0.21×
Q2 24
0.13×
Q1 24
0.26×

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
RIGL
RIGL
Operating Cash FlowLast quarter
$8.2M
$22.0M
Free Cash FlowOCF − Capex
$-16.8M
FCF MarginFCF / Revenue
-16.5%
Capex IntensityCapex / Revenue
24.5%
Cash ConversionOCF / Net Profit
0.08×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNRG
HNRG
RIGL
RIGL
Q4 25
$8.2M
$22.0M
Q3 25
$23.2M
$24.0M
Q2 25
$11.4M
$30.5M
Q1 25
$38.4M
$-893.0K
Q4 24
$38.9M
$14.5M
Q3 24
$-12.9M
$21.7M
Q2 24
$23.5M
$302.0K
Q1 24
$16.4M
$-5.0M
Free Cash Flow
HNRG
HNRG
RIGL
RIGL
Q4 25
$-16.8M
Q3 25
$3.7M
Q2 25
$-1.7M
Q1 25
$26.7M
Q4 24
$25.2M
Q3 24
$-24.5M
Q2 24
$10.4M
Q1 24
$1.5M
FCF Margin
HNRG
HNRG
RIGL
RIGL
Q4 25
-16.5%
Q3 25
2.5%
Q2 25
-1.6%
Q1 25
22.7%
Q4 24
26.9%
Q3 24
-23.3%
Q2 24
11.0%
Q1 24
1.3%
Capex Intensity
HNRG
HNRG
RIGL
RIGL
Q4 25
24.5%
Q3 25
13.3%
Q2 25
12.7%
Q1 25
9.9%
Q4 24
14.7%
Q3 24
11.0%
Q2 24
14.0%
Q1 24
13.3%
Cash Conversion
HNRG
HNRG
RIGL
RIGL
Q4 25
0.08×
Q3 25
0.97×
0.86×
Q2 25
1.38×
0.51×
Q1 25
3.85×
-0.08×
Q4 24
1.01×
Q3 24
-8.31×
1.75×
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%

RIGL
RIGL

Segment breakdown not available.

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