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Side-by-side financial comparison of Korro Bio, Inc. (KRRO) and NORTH EUROPEAN OIL ROYALTY TRUST (NRT). Click either name above to swap in a different company.

NORTH EUROPEAN OIL ROYALTY TRUST is the larger business by last-quarter revenue ($2.2M vs $1.3M, roughly 1.7× Korro Bio, Inc.). On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% vs -43.1%).

Korro Bio, Inc. is a clinical-stage biotechnology company focused on developing innovative RNA editing therapies for rare and severe genetic diseases. It leverages its proprietary oligonucleotide platform to target disease-causing mutations, with core pipelines covering ophthalmology, respiratory and neuromuscular disorder segments, striving to address unmet medical needs for global patients.

North European Oil Royalty Trust is a publicly traded royalty trust holding overriding royalty interests in North Sea oil and gas producing properties. It earns revenue from its assets' production sales, distributing nearly all net income to unitholders regularly, with no active drilling or exploration operations.

KRRO vs NRT — Head-to-Head

Bigger by revenue
NRT
NRT
1.7× larger
NRT
$2.2M
$1.3M
KRRO
Growing faster (revenue YoY)
NRT
NRT
+372.6% gap
NRT
329.5%
-43.1%
KRRO

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
KRRO
KRRO
NRT
NRT
Revenue
$1.3M
$2.2M
Net Profit
$1.9M
Gross Margin
Operating Margin
Net Margin
87.2%
Revenue YoY
-43.1%
329.5%
Net Profit YoY
-136.1%
581.3%
EPS (diluted)

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
KRRO
KRRO
NRT
NRT
Q1 26
$2.2M
Q4 25
$1.3M
Q3 25
$1.1M
Q2 25
$1.5M
Q1 25
$2.5M
$519.4K
Q3 24
$0
Q2 24
$0
Q1 24
$0
Net Profit
KRRO
KRRO
NRT
NRT
Q1 26
$1.9M
Q4 25
Q3 25
$-18.1M
Q2 25
$-25.8M
Q1 25
$-23.4M
$285.5K
Q3 24
$-21.0M
Q2 24
$-21.8M
Q1 24
$-19.6M
Operating Margin
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
Q3 25
-1764.9%
Q2 25
-1863.2%
Q1 25
-981.2%
Q3 24
Q2 24
Q1 24
Net Margin
KRRO
KRRO
NRT
NRT
Q1 26
87.2%
Q4 25
Q3 25
-1657.0%
Q2 25
-1765.1%
Q1 25
-917.1%
55.0%
Q3 24
Q2 24
Q1 24
EPS (diluted)
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
Q3 25
$-1.92
Q2 25
$-2.74
Q1 25
$-2.49
Q3 24
$-2.26
Q2 24
$-2.43
Q1 24
$-2.44

Balance Sheet & Financial Strength

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

Metric
KRRO
KRRO
NRT
NRT
Cash + ST InvestmentsLiquidity on hand
$75.2M
$3.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$51.4M
Total Assets
$113.5M
$3.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRRO
KRRO
NRT
NRT
Q1 26
$3.9M
Q4 25
$75.2M
Q3 25
$92.5M
Q2 25
$96.4M
Q1 25
$115.0M
Q3 24
$137.0M
Q2 24
$157.4M
Q1 24
$138.8M
Stockholders' Equity
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
$51.4M
Q3 25
$99.0M
Q2 25
$115.1M
Q1 25
$139.0M
Q3 24
$179.6M
Q2 24
$198.1M
Q1 24
$151.4M
Total Assets
KRRO
KRRO
NRT
NRT
Q1 26
$3.9M
Q4 25
$113.5M
Q3 25
$161.6M
Q2 25
$180.4M
Q1 25
$202.2M
Q3 24
$243.5M
Q2 24
$249.6M
Q1 24
$198.0M

Cash Flow & Capital Efficiency

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

Metric
KRRO
KRRO
NRT
NRT
Operating Cash FlowLast quarter
$-78.6M
Free Cash FlowOCF − Capex
$-79.1M
FCF MarginFCF / Revenue
-6120.7%
Capex IntensityCapex / Revenue
40.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-140.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
$-78.6M
Q3 25
$-17.2M
Q2 25
$-19.2M
Q1 25
$-24.5M
Q3 24
$-16.1M
Q2 24
$-14.6M
Q1 24
$-21.9M
Free Cash Flow
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
$-79.1M
Q3 25
$-17.4M
Q2 25
$-19.4M
Q1 25
$-24.6M
Q3 24
$-21.0M
Q2 24
$-20.6M
Q1 24
$-27.5M
FCF Margin
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
-6120.7%
Q3 25
-1592.1%
Q2 25
-1326.6%
Q1 25
-963.6%
Q3 24
Q2 24
Q1 24
Capex Intensity
KRRO
KRRO
NRT
NRT
Q1 26
Q4 25
40.1%
Q3 25
16.1%
Q2 25
9.6%
Q1 25
4.7%
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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