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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and P10, Inc. (PX). Click either name above to swap in a different company.

INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $81.0M, roughly 1.4× P10, Inc.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs 11.7%, a 5.7% gap on every dollar of revenue.

P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.

INR vs PX — Head-to-Head

Bigger by revenue
INR
INR
1.4× larger
INR
$115.5M
$81.0M
PX
Higher net margin
INR
INR
5.7% more per $
INR
17.3%
11.7%
PX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
PX
PX
Revenue
$115.5M
$81.0M
Net Profit
$20.0M
$9.5M
Gross Margin
Operating Margin
47.0%
31.9%
Net Margin
17.3%
11.7%
Revenue YoY
-4.7%
Net Profit YoY
79.0%
EPS (diluted)
$1.33
$0.08

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
INR
INR
PX
PX
Q4 25
$115.5M
$81.0M
Q3 25
$78.3M
$75.9M
Q2 25
$72.5M
$72.7M
Q1 25
$84.2M
$67.7M
Q4 24
$85.0M
Q3 24
$74.2M
Q2 24
$71.1M
Q1 24
$66.1M
Net Profit
INR
INR
PX
PX
Q4 25
$20.0M
$9.5M
Q3 25
$10.4M
$2.1M
Q2 25
$18.0M
$3.4M
Q1 25
$-34.6M
$4.5M
Q4 24
$5.3M
Q3 24
$1.4M
Q2 24
$7.0M
Q1 24
$5.0M
Operating Margin
INR
INR
PX
PX
Q4 25
47.0%
31.9%
Q3 25
30.5%
14.1%
Q2 25
29.9%
24.4%
Q1 25
-104.5%
16.6%
Q4 24
26.9%
Q3 24
11.9%
Q2 24
23.7%
Q1 24
18.3%
Net Margin
INR
INR
PX
PX
Q4 25
17.3%
11.7%
Q3 25
13.3%
2.8%
Q2 25
24.8%
4.7%
Q1 25
-41.1%
6.7%
Q4 24
6.2%
Q3 24
1.9%
Q2 24
9.8%
Q1 24
7.6%
EPS (diluted)
INR
INR
PX
PX
Q4 25
$1.33
$0.08
Q3 25
$0.65
$0.02
Q2 25
$1.18
$0.03
Q1 25
$-2.27
$0.04
Q4 24
$0.05
Q3 24
$0.01
Q2 24
$0.06
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
INR
INR
PX
PX
Cash + ST InvestmentsLiquidity on hand
$2.8M
$28.2M
Total DebtLower is stronger
$55.0K
$373.2M
Stockholders' EquityBook value
$307.1M
$403.5M
Total Assets
$1.2B
$928.3M
Debt / EquityLower = less leverage
0.00×
0.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
PX
PX
Q4 25
$2.8M
$28.2M
Q3 25
$4.6M
$40.0M
Q2 25
$6.3M
$33.4M
Q1 25
$4.9M
$74.4M
Q4 24
$67.5M
Q3 24
$61.5M
Q2 24
$31.2M
Q1 24
$29.0M
Total Debt
INR
INR
PX
PX
Q4 25
$55.0K
$373.2M
Q3 25
$393.4M
Q2 25
$373.0M
Q1 25
$123.0K
$357.2M
Q4 24
$319.8M
Q3 24
$319.4M
Q2 24
$300.6M
Q1 24
$314.0M
Stockholders' Equity
INR
INR
PX
PX
Q4 25
$307.1M
$403.5M
Q3 25
$288.6M
$396.8M
Q2 25
$10.1M
$388.9M
Q1 25
$-52.2M
$374.3M
Q4 24
$386.9M
Q3 24
$394.1M
Q2 24
$396.9M
Q1 24
$400.1M
Total Assets
INR
INR
PX
PX
Q4 25
$1.2B
$928.3M
Q3 25
$1.1B
$936.0M
Q2 25
$1.0B
$932.2M
Q1 25
$953.9M
$877.4M
Q4 24
$869.3M
Q3 24
$857.0M
Q2 24
$823.2M
Q1 24
$832.8M
Debt / Equity
INR
INR
PX
PX
Q4 25
0.00×
0.93×
Q3 25
0.99×
Q2 25
0.96×
Q1 25
0.95×
Q4 24
0.83×
Q3 24
0.81×
Q2 24
0.76×
Q1 24
0.78×

Cash Flow & Capital Efficiency

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

Metric
INR
INR
PX
PX
Operating Cash FlowLast quarter
$75.1M
$23.0M
Free Cash FlowOCF − Capex
$18.1M
FCF MarginFCF / Revenue
22.3%
Capex IntensityCapex / Revenue
6.0%
Cash ConversionOCF / Net Profit
3.75×
2.43×
TTM Free Cash FlowTrailing 4 quarters
$14.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
PX
PX
Q4 25
$75.1M
$23.0M
Q3 25
$42.1M
$-8.6M
Q2 25
$70.4M
$13.4M
Q1 25
$74.2M
$-4.7M
Q4 24
$101.0M
Q3 24
$27.5M
Q2 24
$34.8M
Q1 24
$11.0M
Free Cash Flow
INR
INR
PX
PX
Q4 25
$18.1M
Q3 25
$-9.5M
Q2 25
$11.6M
Q1 25
$-6.0M
Q4 24
$96.6M
Q3 24
$25.2M
Q2 24
$33.9M
Q1 24
$10.7M
FCF Margin
INR
INR
PX
PX
Q4 25
22.3%
Q3 25
-12.6%
Q2 25
15.9%
Q1 25
-8.9%
Q4 24
113.6%
Q3 24
34.0%
Q2 24
47.7%
Q1 24
16.2%
Capex Intensity
INR
INR
PX
PX
Q4 25
6.0%
Q3 25
1.2%
Q2 25
2.5%
Q1 25
1.9%
Q4 24
5.2%
Q3 24
3.0%
Q2 24
1.3%
Q1 24
0.4%
Cash Conversion
INR
INR
PX
PX
Q4 25
3.75×
2.43×
Q3 25
4.04×
-4.01×
Q2 25
3.91×
3.96×
Q1 25
-1.05×
Q4 24
19.12×
Q3 24
19.54×
Q2 24
4.98×
Q1 24
2.18×

Financial Flow Comparison

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

Revenue Breakdown by Segment

INR
INR

Oil Reserves$54.0M47%
Natural Gas Reserves$46.8M41%
Natural Gas Liquids Reserves$14.7M13%

PX
PX

Management Fees$78.1M96%
Advisory Fees$1.8M2%

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