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Side-by-side financial comparison of Indonesia Energy Corp Ltd (INDO) and MultiSensor AI Holdings, Inc. (MSAI). Click either name above to swap in a different company.

Indonesia Energy Corp Ltd is the larger business by last-quarter revenue ($1.4M vs $1.4M, roughly 1.0× MultiSensor AI Holdings, Inc.). MultiSensor AI Holdings, Inc. runs the higher net margin — -164.1% vs -195.5%, a 31.4% gap on every dollar of revenue. On growth, Indonesia Energy Corp Ltd posted the faster year-over-year revenue change (0.0% vs -0.9%).

PT Kino Indonesia Tbk, formerly PT Kinocare Era Kosmetindo, or simply known as Kino, is an Indonesian multinational consumer goods company headquartered in Tangerang, Banten, founded in 1999 by Harry Sanusi. It specializes the manufacturing of its products in the wide range of personal care, hygiene, health care, confectionery, pastry, beverages, and pet care. As of 2022, the company is currently led by Sidharta Prawira Oetama as its president director while Sanusi act as its president commis...

Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.

INDO vs MSAI — Head-to-Head

Bigger by revenue
INDO
INDO
1.0× larger
INDO
$1.4M
$1.4M
MSAI
Growing faster (revenue YoY)
INDO
INDO
+0.9% gap
INDO
0.0%
-0.9%
MSAI
Higher net margin
MSAI
MSAI
31.4% more per $
MSAI
-164.1%
-195.5%
INDO

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
INDO
INDO
MSAI
MSAI
Revenue
$1.4M
$1.4M
Net Profit
$-2.8M
$-2.3M
Gross Margin
Operating Margin
-167.8%
-171.6%
Net Margin
-195.5%
-164.1%
Revenue YoY
0.0%
-0.9%
Net Profit YoY
-34.5%
23.7%
EPS (diluted)
$-0.19
$-0.02

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
INDO
INDO
MSAI
MSAI
Q4 25
$1.4M
Q3 25
$1.6M
Q2 25
$1.4M
$1.4M
Q1 25
$1.2M
Q4 24
$1.4M
Q3 24
$1.6M
Q2 24
$1.8M
$2.1M
Q1 24
$2.3M
Net Profit
INDO
INDO
MSAI
MSAI
Q4 25
$-2.3M
Q3 25
$-1.7M
Q2 25
$-2.8M
$-3.3M
Q1 25
$-4.4M
Q4 24
$-3.0M
Q3 24
$-8.2M
Q2 24
$-2.1M
$-6.4M
Q1 24
$-3.9M
Operating Margin
INDO
INDO
MSAI
MSAI
Q4 25
-171.6%
Q3 25
-107.6%
Q2 25
-167.8%
-233.8%
Q1 25
-394.6%
Q4 24
-199.6%
Q3 24
-541.5%
Q2 24
-102.7%
-228.1%
Q1 24
-112.7%
Net Margin
INDO
INDO
MSAI
MSAI
Q4 25
-164.1%
Q3 25
-106.5%
Q2 25
-195.5%
-234.1%
Q1 25
-379.1%
Q4 24
-213.2%
Q3 24
-511.5%
Q2 24
-114.0%
-300.8%
Q1 24
-172.4%
EPS (diluted)
INDO
INDO
MSAI
MSAI
Q4 25
$-0.02
Q3 25
$-0.05
Q2 25
$-0.19
$-0.10
Q1 25
$-0.14
Q4 24
$0.07
Q3 24
$-0.34
Q2 24
$-0.26
$-0.47
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
INDO
INDO
MSAI
MSAI
Cash + ST InvestmentsLiquidity on hand
$24.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$21.9M
$32.0M
Total Assets
$25.2M
$35.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INDO
INDO
MSAI
MSAI
Q4 25
$24.4M
Q3 25
$1.1M
Q2 25
$3.2M
Q1 25
$4.7M
Q4 24
$4.4M
Q3 24
$8.6M
Q2 24
$234.0K
Q1 24
$491.0K
Total Debt
INDO
INDO
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$642.0K
Q1 24
$2.8M
Stockholders' Equity
INDO
INDO
MSAI
MSAI
Q4 25
$32.0M
Q3 25
$8.3M
Q2 25
$21.9M
$9.8M
Q1 25
$12.9M
Q4 24
$12.3M
Q3 24
$15.6M
Q2 24
$13.1M
$1.6M
Q1 24
$1.4M
Total Assets
INDO
INDO
MSAI
MSAI
Q4 25
$35.5M
Q3 25
$11.9M
Q2 25
$25.2M
$14.6M
Q1 25
$16.4M
Q4 24
$15.5M
Q3 24
$18.9M
Q2 24
$17.5M
$16.4M
Q1 24
$14.1M
Debt / Equity
INDO
INDO
MSAI
MSAI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.41×
Q1 24
2.04×

Cash Flow & Capital Efficiency

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

Metric
INDO
INDO
MSAI
MSAI
Operating Cash FlowLast quarter
$-2.5M
$-2.2M
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-187.3%
Capex IntensityCapex / Revenue
26.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INDO
INDO
MSAI
MSAI
Q4 25
$-2.2M
Q3 25
$-1.8M
Q2 25
$-2.5M
$-804.0K
Q1 25
$-3.2M
Q4 24
$-3.1M
Q3 24
$-12.7M
Q2 24
$-700.9K
$-303.0K
Q1 24
$492.0K
Free Cash Flow
INDO
INDO
MSAI
MSAI
Q4 25
$-2.6M
Q3 25
$-2.1M
Q2 25
$-1.3M
Q1 25
$-3.6M
Q4 24
$-4.1M
Q3 24
$-13.2M
Q2 24
$-844.0K
Q1 24
$-79.0K
FCF Margin
INDO
INDO
MSAI
MSAI
Q4 25
-187.3%
Q3 25
-136.1%
Q2 25
-91.5%
Q1 25
-308.6%
Q4 24
-294.6%
Q3 24
-823.2%
Q2 24
-39.7%
Q1 24
-3.5%
Capex Intensity
INDO
INDO
MSAI
MSAI
Q4 25
26.2%
Q3 25
21.5%
Q2 25
34.8%
Q1 25
37.2%
Q4 24
76.2%
Q3 24
30.5%
Q2 24
25.5%
Q1 24
25.1%

Financial Flow Comparison

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

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