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Side-by-side financial comparison of McEwen Inc. (MUX) and PRIMEENERGY RESOURCES CORP (PNRG). Click either name above to swap in a different company.

McEwen Inc. is the larger business by last-quarter revenue ($64.6M vs $51.0M, roughly 1.3× PRIMEENERGY RESOURCES CORP). McEwen Inc. runs the higher net margin — 59.0% vs 6.6%, a 52.4% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs -15.7%). Over the past eight quarters, McEwen Inc.'s revenue compounded faster (25.2% CAGR vs 9.0%).

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

PrimeEnergy Resources Corp is an independent energy firm focused on the exploration, development, and production of oil and natural gas. It primarily operates across onshore resource basins in the United States, serving regional energy markets to meet industrial and consumer demand for reliable energy supplies.

MUX vs PNRG — Head-to-Head

Bigger by revenue
MUX
MUX
1.3× larger
MUX
$64.6M
$51.0M
PNRG
Growing faster (revenue YoY)
MUX
MUX
+108.4% gap
MUX
92.8%
-15.7%
PNRG
Higher net margin
MUX
MUX
52.4% more per $
MUX
59.0%
6.6%
PNRG
Faster 2-yr revenue CAGR
MUX
MUX
Annualised
MUX
25.2%
9.0%
PNRG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MUX
MUX
PNRG
PNRG
Revenue
$64.6M
$51.0M
Net Profit
$38.1M
$3.4M
Gross Margin
26.9%
97.9%
Operating Margin
34.2%
3.2%
Net Margin
59.0%
6.6%
Revenue YoY
92.8%
-15.7%
Net Profit YoY
563.1%
48.7%
EPS (diluted)
$0.66
$1.43

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
MUX
MUX
PNRG
PNRG
Q4 25
$64.6M
$51.0M
Q3 25
$50.5M
$46.0M
Q2 25
$46.7M
$42.0M
Q1 25
$35.7M
$50.1M
Q4 24
$33.5M
$60.5M
Q3 24
$52.3M
$69.5M
Q2 24
$47.5M
$64.8M
Q1 24
$41.2M
$43.0M
Net Profit
MUX
MUX
PNRG
PNRG
Q4 25
$38.1M
$3.4M
Q3 25
$-462.0K
$10.6M
Q2 25
$3.0M
$3.2M
Q1 25
$-6.3M
$9.1M
Q4 24
$-8.2M
$2.3M
Q3 24
$-2.1M
$22.1M
Q2 24
$-13.0M
$19.7M
Q1 24
$-20.4M
$11.3M
Gross Margin
MUX
MUX
PNRG
PNRG
Q4 25
26.9%
97.9%
Q3 25
15.5%
95.6%
Q2 25
26.3%
97.1%
Q1 25
28.2%
96.3%
Q4 24
1.1%
98.8%
Q3 24
26.4%
95.5%
Q2 24
22.7%
96.2%
Q1 24
14.6%
93.5%
Operating Margin
MUX
MUX
PNRG
PNRG
Q4 25
34.2%
3.2%
Q3 25
-16.7%
28.9%
Q2 25
-7.2%
10.0%
Q1 25
-21.4%
22.7%
Q4 24
-43.4%
6.8%
Q3 24
-0.2%
40.4%
Q2 24
-29.4%
38.1%
Q1 24
-53.3%
33.4%
Net Margin
MUX
MUX
PNRG
PNRG
Q4 25
59.0%
6.6%
Q3 25
-0.9%
23.0%
Q2 25
6.5%
7.7%
Q1 25
-17.6%
18.2%
Q4 24
-24.6%
3.8%
Q3 24
-4.0%
31.8%
Q2 24
-27.4%
30.4%
Q1 24
-49.4%
26.3%
EPS (diluted)
MUX
MUX
PNRG
PNRG
Q4 25
$0.66
$1.43
Q3 25
$-0.01
$4.38
Q2 25
$0.06
$1.33
Q1 25
$-0.12
$3.72
Q4 24
$-0.15
$0.97
Q3 24
$-0.04
$8.80
Q2 24
$-0.26
$7.77
Q1 24
$-0.41
$4.41

Balance Sheet & Financial Strength

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

Metric
MUX
MUX
PNRG
PNRG
Cash + ST InvestmentsLiquidity on hand
$72.1M
$7.4M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$546.2M
$215.7M
Total Assets
$820.2M
$323.9M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MUX
MUX
PNRG
PNRG
Q4 25
$72.1M
$7.4M
Q3 25
$75.4M
$3.7M
Q2 25
$69.5M
$2.4M
Q1 25
$79.3M
$2.1M
Q4 24
$15.3M
$2.5M
Q3 24
$30.2M
$1.6M
Q2 24
$42.6M
$2.0M
Q1 24
$22.0M
$1.8M
Total Debt
MUX
MUX
PNRG
PNRG
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
MUX
MUX
PNRG
PNRG
Q4 25
$546.2M
$215.7M
Q3 25
$488.6M
$213.8M
Q2 25
$484.5M
$205.2M
Q1 25
$479.8M
$205.0M
Q4 24
$495.0M
$202.9M
Q3 24
$502.1M
$203.8M
Q2 24
$485.2M
$186.3M
Q1 24
$482.5M
$169.4M
Total Assets
MUX
MUX
PNRG
PNRG
Q4 25
$820.2M
$323.9M
Q3 25
$747.6M
$332.0M
Q2 25
$735.6M
$343.0M
Q1 25
$730.6M
$339.3M
Q4 24
$664.6M
$324.6M
Q3 24
$667.8M
$345.6M
Q2 24
$645.1M
$334.8M
Q1 24
$638.7M
$332.9M
Debt / Equity
MUX
MUX
PNRG
PNRG
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
MUX
MUX
PNRG
PNRG
Operating Cash FlowLast quarter
$3.1M
$12.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
3.60×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MUX
MUX
PNRG
PNRG
Q4 25
$3.1M
$12.2M
Q3 25
$5.2M
$54.7M
Q2 25
$478.0K
$-8.3M
Q1 25
$-1.9M
$38.2M
Q4 24
$-1.2M
$23.9M
Q3 24
$23.2M
$50.8M
Q2 24
$3.6M
$-1.9M
Q1 24
$3.9M
$43.2M
Cash Conversion
MUX
MUX
PNRG
PNRG
Q4 25
0.08×
3.60×
Q3 25
5.18×
Q2 25
0.16×
-2.58×
Q1 25
4.18×
Q4 24
10.50×
Q3 24
2.30×
Q2 24
-0.10×
Q1 24
3.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MUX
MUX

Segment breakdown not available.

PNRG
PNRG

Oil Sales$43.1M84%
Natural Gas Liquid$5.5M11%
Oil And Gas Service$2.0M4%

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