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Side-by-side financial comparison of Nine Energy Service, Inc. (NINE) and PTC THERAPEUTICS, INC. (PTCT). Click either name above to swap in a different company.

PTC THERAPEUTICS, INC. is the larger business by last-quarter revenue ($164.7M vs $132.2M, roughly 1.2× Nine Energy Service, Inc.). Nine Energy Service, Inc. runs the higher net margin — -14.5% vs -82.0%, a 67.4% gap on every dollar of revenue. On growth, Nine Energy Service, Inc. posted the faster year-over-year revenue change (-6.5% vs -22.7%). Nine Energy Service, Inc. produced more free cash flow last quarter ($-4.8M vs $-36.6M). Over the past eight quarters, Nine Energy Service, Inc.'s revenue compounded faster (-3.6% CAGR vs -11.5%).

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.

PTC Therapeutics, Inc. is a US pharmaceutical company focused on the development of orally administered small molecule drugs and gene therapy which regulate gene expression by targeting post-transcriptional control (PTC) mechanisms in orphan diseases.

NINE vs PTCT — Head-to-Head

Bigger by revenue
PTCT
PTCT
1.2× larger
PTCT
$164.7M
$132.2M
NINE
Growing faster (revenue YoY)
NINE
NINE
+16.2% gap
NINE
-6.5%
-22.7%
PTCT
Higher net margin
NINE
NINE
67.4% more per $
NINE
-14.5%
-82.0%
PTCT
More free cash flow
NINE
NINE
$31.9M more FCF
NINE
$-4.8M
$-36.6M
PTCT
Faster 2-yr revenue CAGR
NINE
NINE
Annualised
NINE
-3.6%
-11.5%
PTCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NINE
NINE
PTCT
PTCT
Revenue
$132.2M
$164.7M
Net Profit
$-19.2M
$-135.0M
Gross Margin
Operating Margin
-4.2%
-43.3%
Net Margin
-14.5%
-82.0%
Revenue YoY
-6.5%
-22.7%
Net Profit YoY
-117.4%
-104.8%
EPS (diluted)
$-0.47
$-1.63

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
NINE
NINE
PTCT
PTCT
Q4 25
$132.2M
$164.7M
Q3 25
$132.0M
$211.0M
Q2 25
$147.3M
$178.9M
Q1 25
$150.5M
$1.2B
Q4 24
$141.4M
$213.2M
Q3 24
$138.2M
$196.8M
Q2 24
$132.4M
$186.7M
Q1 24
$142.1M
$210.1M
Net Profit
NINE
NINE
PTCT
PTCT
Q4 25
$-19.2M
$-135.0M
Q3 25
$-14.6M
$15.9M
Q2 25
$-10.4M
$-64.8M
Q1 25
$-7.1M
$866.6M
Q4 24
$-8.8M
$-65.9M
Q3 24
$-10.1M
$-106.7M
Q2 24
$-14.0M
$-99.2M
Q1 24
$-8.1M
$-91.6M
Operating Margin
NINE
NINE
PTCT
PTCT
Q4 25
-4.2%
-43.3%
Q3 25
-0.9%
1.4%
Q2 25
2.3%
-19.5%
Q1 25
3.7%
82.5%
Q4 24
2.5%
-76.2%
Q3 24
1.8%
-27.7%
Q2 24
-1.1%
-21.5%
Q1 24
3.1%
-21.6%
Net Margin
NINE
NINE
PTCT
PTCT
Q4 25
-14.5%
-82.0%
Q3 25
-11.1%
7.5%
Q2 25
-7.1%
-36.3%
Q1 25
-4.7%
73.7%
Q4 24
-6.3%
-30.9%
Q3 24
-7.3%
-54.2%
Q2 24
-10.6%
-53.1%
Q1 24
-5.7%
-43.6%
EPS (diluted)
NINE
NINE
PTCT
PTCT
Q4 25
$-0.47
$-1.63
Q3 25
$-0.35
$0.20
Q2 25
$-0.25
$-0.83
Q1 25
$-0.18
$10.04
Q4 24
$-0.21
$-0.85
Q3 24
$-0.26
$-1.39
Q2 24
$-0.40
$-1.29
Q1 24
$-0.24
$-1.20

Balance Sheet & Financial Strength

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

Metric
NINE
NINE
PTCT
PTCT
Cash + ST InvestmentsLiquidity on hand
$18.4M
$1.9B
Total DebtLower is stronger
Stockholders' EquityBook value
$-115.0M
$-205.3M
Total Assets
$339.5M
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NINE
NINE
PTCT
PTCT
Q4 25
$18.4M
$1.9B
Q3 25
$14.4M
$1.7B
Q2 25
$14.2M
$2.0B
Q1 25
$17.3M
$2.0B
Q4 24
$27.9M
$1.1B
Q3 24
$15.7M
$1.0B
Q2 24
$26.0M
$1.1B
Q1 24
$10.2M
$884.8M
Stockholders' Equity
NINE
NINE
PTCT
PTCT
Q4 25
$-115.0M
$-205.3M
Q3 25
$-95.9M
$-155.8M
Q2 25
$-81.7M
$-206.5M
Q1 25
$-72.1M
$-185.8M
Q4 24
$-66.1M
$-1.1B
Q3 24
$-57.6M
$-1.1B
Q2 24
$-49.7M
$-980.2M
Q1 24
$-43.3M
$-893.9M
Total Assets
NINE
NINE
PTCT
PTCT
Q4 25
$339.5M
$2.9B
Q3 25
$340.7M
$2.6B
Q2 25
$361.2M
$2.6B
Q1 25
$359.2M
$2.7B
Q4 24
$360.1M
$1.7B
Q3 24
$353.2M
$1.8B
Q2 24
$381.7M
$1.9B
Q1 24
$380.4M
$1.8B

Cash Flow & Capital Efficiency

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

Metric
NINE
NINE
PTCT
PTCT
Operating Cash FlowLast quarter
$-2.2M
$-34.3M
Free Cash FlowOCF − Capex
$-4.8M
$-36.6M
FCF MarginFCF / Revenue
-3.6%
-22.3%
Capex IntensityCapex / Revenue
2.0%
1.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-23.3M
$702.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NINE
NINE
PTCT
PTCT
Q4 25
$-2.2M
$-34.3M
Q3 25
$-9.9M
$-66.3M
Q2 25
$10.1M
$-58.3M
Q1 25
$-5.3M
$870.1M
Q4 24
$15.0M
$-30.0M
Q3 24
$-5.8M
$-77.0M
Q2 24
$12.9M
$-71.5M
Q1 24
$-8.8M
$70.8M
Free Cash Flow
NINE
NINE
PTCT
PTCT
Q4 25
$-4.8M
$-36.6M
Q3 25
$-13.4M
$-69.7M
Q2 25
$4.2M
$-59.6M
Q1 25
$-9.3M
$868.4M
Q4 24
$11.8M
$-33.8M
Q3 24
$-9.3M
$-77.5M
Q2 24
$10.3M
$-78.8M
Q1 24
$-14.3M
$61.2M
FCF Margin
NINE
NINE
PTCT
PTCT
Q4 25
-3.6%
-22.3%
Q3 25
-10.2%
-33.1%
Q2 25
2.9%
-33.3%
Q1 25
-6.2%
73.8%
Q4 24
8.3%
-15.8%
Q3 24
-6.7%
-39.4%
Q2 24
7.7%
-42.2%
Q1 24
-10.1%
29.1%
Capex Intensity
NINE
NINE
PTCT
PTCT
Q4 25
2.0%
1.4%
Q3 25
2.6%
1.6%
Q2 25
4.0%
0.7%
Q1 25
2.6%
0.1%
Q4 24
2.3%
1.8%
Q3 24
2.5%
0.3%
Q2 24
2.0%
4.0%
Q1 24
3.9%
4.6%
Cash Conversion
NINE
NINE
PTCT
PTCT
Q4 25
Q3 25
-4.17×
Q2 25
Q1 25
1.00×
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

NINE
NINE

Cement$52.6M40%
Tool Revenue$28.6M22%
Coiled Tubing$25.8M20%
Wireline$25.1M19%

PTCT
PTCT

Segment breakdown not available.

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