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

Xometry, Inc. is the larger business by last-quarter revenue ($192.4M vs $115.5M, roughly 1.7× INFINITY NATURAL RESOURCES, INC.). INFINITY NATURAL RESOURCES, INC. runs the higher net margin — 17.3% vs -4.5%, a 21.8% gap on every dollar of revenue.

INR vs XMTR — Head-to-Head

Bigger by revenue
XMTR
XMTR
1.7× larger
XMTR
$192.4M
$115.5M
INR
Higher net margin
INR
INR
21.8% more per $
INR
17.3%
-4.5%
XMTR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INR
INR
XMTR
XMTR
Revenue
$115.5M
$192.4M
Net Profit
$20.0M
$-8.6M
Gross Margin
39.1%
Operating Margin
47.0%
-4.6%
Net Margin
17.3%
-4.5%
Revenue YoY
29.5%
Net Profit YoY
12.7%
EPS (diluted)
$1.33

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
XMTR
XMTR
Q4 25
$115.5M
$192.4M
Q3 25
$78.3M
$180.7M
Q2 25
$72.5M
$162.5M
Q1 25
$84.2M
$151.0M
Q4 24
$148.5M
Q3 24
$141.7M
Q2 24
$132.6M
Q1 24
$122.7M
Net Profit
INR
INR
XMTR
XMTR
Q4 25
$20.0M
$-8.6M
Q3 25
$10.4M
$-11.6M
Q2 25
$18.0M
$-26.4M
Q1 25
$-34.6M
$-15.1M
Q4 24
$-9.9M
Q3 24
$-10.2M
Q2 24
$-13.7M
Q1 24
$-16.6M
Gross Margin
INR
INR
XMTR
XMTR
Q4 25
39.1%
Q3 25
39.9%
Q2 25
40.1%
Q1 25
37.3%
Q4 24
39.7%
Q3 24
39.4%
Q2 24
39.9%
Q1 24
39.0%
Operating Margin
INR
INR
XMTR
XMTR
Q4 25
47.0%
-4.6%
Q3 25
30.5%
-6.1%
Q2 25
29.9%
-6.3%
Q1 25
-104.5%
-10.2%
Q4 24
-7.8%
Q3 24
-8.1%
Q2 24
-11.5%
Q1 24
-14.6%
Net Margin
INR
INR
XMTR
XMTR
Q4 25
17.3%
-4.5%
Q3 25
13.3%
-6.4%
Q2 25
24.8%
-16.3%
Q1 25
-41.1%
-10.0%
Q4 24
-6.7%
Q3 24
-7.2%
Q2 24
-10.3%
Q1 24
-13.5%
EPS (diluted)
INR
INR
XMTR
XMTR
Q4 25
$1.33
Q3 25
$0.65
Q2 25
$1.18
Q1 25
$-2.27
Q4 24
Q3 24
Q2 24
Q1 24

Balance Sheet & Financial Strength

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

Metric
INR
INR
XMTR
XMTR
Cash + ST InvestmentsLiquidity on hand
$2.8M
$219.1M
Total DebtLower is stronger
$55.0K
Stockholders' EquityBook value
$307.1M
$275.6M
Total Assets
$1.2B
$703.7M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INR
INR
XMTR
XMTR
Q4 25
$2.8M
$219.1M
Q3 25
$4.6M
$224.5M
Q2 25
$6.3M
$225.8M
Q1 25
$4.9M
$231.4M
Q4 24
$239.8M
Q3 24
$234.0M
Q2 24
$240.9M
Q1 24
$253.8M
Total Debt
INR
INR
XMTR
XMTR
Q4 25
$55.0K
Q3 25
Q2 25
Q1 25
$123.0K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
INR
INR
XMTR
XMTR
Q4 25
$307.1M
$275.6M
Q3 25
$288.6M
$272.0M
Q2 25
$10.1M
$270.4M
Q1 25
$-52.2M
$309.9M
Q4 24
$314.5M
Q3 24
$315.2M
Q2 24
$315.8M
Q1 24
$320.4M
Total Assets
INR
INR
XMTR
XMTR
Q4 25
$1.2B
$703.7M
Q3 25
$1.1B
$698.9M
Q2 25
$1.0B
$687.0M
Q1 25
$953.9M
$690.1M
Q4 24
$680.1M
Q3 24
$678.2M
Q2 24
$678.6M
Q1 24
$692.5M
Debt / Equity
INR
INR
XMTR
XMTR
Q4 25
0.00×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
XMTR
XMTR
Operating Cash FlowLast quarter
$75.1M
$4.4M
Free Cash FlowOCF − Capex
$-5.9M
FCF MarginFCF / Revenue
-3.0%
Capex IntensityCapex / Revenue
5.3%
Cash ConversionOCF / Net Profit
3.75×
TTM Free Cash FlowTrailing 4 quarters
$-24.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INR
INR
XMTR
XMTR
Q4 25
$75.1M
$4.4M
Q3 25
$42.1M
$5.8M
Q2 25
$70.4M
$-427.0K
Q1 25
$74.2M
$-3.7M
Q4 24
$9.1M
Q3 24
$-3.6M
Q2 24
$-9.1M
Q1 24
$-11.7M
Free Cash Flow
INR
INR
XMTR
XMTR
Q4 25
$-5.9M
Q3 25
$-1.7M
Q2 25
$-7.4M
Q1 25
$-9.2M
Q4 24
$4.5M
Q3 24
$-8.4M
Q2 24
$-13.5M
Q1 24
$-16.1M
FCF Margin
INR
INR
XMTR
XMTR
Q4 25
-3.0%
Q3 25
-0.9%
Q2 25
-4.5%
Q1 25
-6.1%
Q4 24
3.1%
Q3 24
-6.0%
Q2 24
-10.2%
Q1 24
-13.1%
Capex Intensity
INR
INR
XMTR
XMTR
Q4 25
5.3%
Q3 25
4.1%
Q2 25
4.3%
Q1 25
3.6%
Q4 24
3.1%
Q3 24
3.4%
Q2 24
3.3%
Q1 24
3.5%
Cash Conversion
INR
INR
XMTR
XMTR
Q4 25
3.75×
Q3 25
4.04×
Q2 25
3.91×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

XMTR
XMTR

US$159.1M83%
Non Us$33.3M17%

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