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Side-by-side financial comparison of Lipocine Inc. (LPCN) and US ENERGY CORP (USEG). Click either name above to swap in a different company.

US ENERGY CORP is the larger business by last-quarter revenue ($1.7M vs $1.1M, roughly 1.5× Lipocine Inc.). On growth, US ENERGY CORP posted the faster year-over-year revenue change (-64.9% vs -67.2%).

Lipocine Inc is a clinical-stage biopharmaceutical company specializing in the development of hormone-based therapies. Its core product pipeline targets unmet medical needs in men's health, women's health, and liver disease, with primary operations and market focus in the United States. It prioritizes oral formulation innovation to improve patient treatment accessibility and adherence.

NextEra Energy, Inc. is an American energy company that is the world's largest electric utility holding company by market capitalization, with a valuation of over $170 billion as of Oct 2024. NextEra Energy had revenues of $24.8 billion and 16,700 employees throughout the US and Canada in 2024. It has a current generating capacity of 73 gigawatts. Its subsidiaries include Florida Power & Light (FPL), NextEra Energy Resources (NEER), XPLR Energy Partners, and NextEra Energy Services.

LPCN vs USEG — Head-to-Head

Bigger by revenue
USEG
USEG
1.5× larger
USEG
$1.7M
$1.1M
LPCN
Growing faster (revenue YoY)
USEG
USEG
+2.3% gap
USEG
-64.9%
-67.2%
LPCN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
LPCN
LPCN
USEG
USEG
Revenue
$1.1M
$1.7M
Net Profit
$-3.3M
Gross Margin
Operating Margin
-194.4%
Net Margin
-192.2%
Revenue YoY
-67.2%
-64.9%
Net Profit YoY
-233.0%
-48.7%
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
LPCN
LPCN
USEG
USEG
Q4 25
$1.1M
Q3 25
$1.7M
Q2 25
$2.0M
Q1 25
$2.2M
Q4 24
$4.2M
Q3 24
$0
$5.0M
Q2 24
$6.0M
Q1 24
$7.6M
$5.4M
Net Profit
LPCN
LPCN
USEG
USEG
Q4 25
Q3 25
$-3.3M
Q2 25
$-6.1M
Q1 25
$-3.1M
Q4 24
Q3 24
$-2.2M
$-2.2M
Q2 24
$-2.0M
Q1 24
$3.5M
$-9.5M
Operating Margin
LPCN
LPCN
USEG
USEG
Q4 25
Q3 25
-194.4%
Q2 25
-307.6%
Q1 25
-140.8%
Q4 24
-278.9%
Q3 24
-83.8%
Q2 24
-28.4%
Q1 24
42.3%
-148.8%
Net Margin
LPCN
LPCN
USEG
USEG
Q4 25
Q3 25
-192.2%
Q2 25
-298.7%
Q1 25
-141.9%
Q4 24
Q3 24
-45.3%
Q2 24
-32.6%
Q1 24
46.1%
-176.9%
EPS (diluted)
LPCN
LPCN
USEG
USEG
Q4 25
Q3 25
Q2 25
$-0.19
Q1 25
Q4 24
$-0.42
Q3 24
$-0.44
$-0.08
Q2 24
$-0.08
Q1 24
$0.66
$-0.38

Balance Sheet & Financial Strength

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

Metric
LPCN
LPCN
USEG
USEG
Cash + ST InvestmentsLiquidity on hand
$5.2M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.5M
$25.0M
Total Assets
$17.0M
$46.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LPCN
LPCN
USEG
USEG
Q4 25
$5.2M
Q3 25
$1.7M
Q2 25
$6.9M
Q1 25
$10.6M
Q4 24
$7.9M
Q3 24
$3.7M
$1.3M
Q2 24
$2.4M
Q1 24
$3.1M
$2.2M
Stockholders' Equity
LPCN
LPCN
USEG
USEG
Q4 25
$14.5M
Q3 25
$25.0M
Q2 25
$28.0M
Q1 25
$33.6M
Q4 24
$24.2M
Q3 24
$19.1M
$35.7M
Q2 24
$37.7M
Q1 24
$24.0M
$36.7M
Total Assets
LPCN
LPCN
USEG
USEG
Q4 25
$17.0M
Q3 25
$46.5M
Q2 25
$51.0M
Q1 25
$55.8M
Q4 24
$49.7M
Q3 24
$20.7M
$64.1M
Q2 24
$73.7M
Q1 24
$25.4M
$70.3M

Cash Flow & Capital Efficiency

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

Metric
LPCN
LPCN
USEG
USEG
Operating Cash FlowLast quarter
$-9.8M
$-155.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LPCN
LPCN
USEG
USEG
Q4 25
$-9.8M
Q3 25
$-155.0K
Q2 25
$-1.6M
Q1 25
$-4.5M
Q4 24
$1.7M
Q3 24
$-2.8M
$2.6M
Q2 24
$929.0K
Q1 24
$2.4M
$-603.0K
Cash Conversion
LPCN
LPCN
USEG
USEG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.69×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LPCN
LPCN

Segment breakdown not available.

USEG
USEG

Oil Sales$1.6M91%
Other$151.0K9%

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