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Side-by-side financial comparison of NORTH EUROPEAN OIL ROYALTY TRUST (NRT) and Twin Vee PowerCats, Co. (VEEE). Click either name above to swap in a different company.

Twin Vee PowerCats, Co. is the larger business by last-quarter revenue ($3.0M vs $2.2M, roughly 1.4× NORTH EUROPEAN OIL ROYALTY TRUST). NORTH EUROPEAN OIL ROYALTY TRUST runs the higher net margin — 87.2% vs -85.6%, a 172.8% gap on every dollar of revenue. On growth, NORTH EUROPEAN OIL ROYALTY TRUST posted the faster year-over-year revenue change (329.5% vs 60.4%).

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.

Twin Vee PowerCats Co. is a leading manufacturer of high-performance recreational power catamaran boats. The company offers a diverse lineup of catamaran models suited for leisure cruising, fishing, water sports, and commercial marine use, serving customers primarily across North America, with a growing distribution network in global coastal markets.

NRT vs VEEE — Head-to-Head

Bigger by revenue
VEEE
VEEE
1.4× larger
VEEE
$3.0M
$2.2M
NRT
Growing faster (revenue YoY)
NRT
NRT
+269.1% gap
NRT
329.5%
60.4%
VEEE
Higher net margin
NRT
NRT
172.8% more per $
NRT
87.2%
-85.6%
VEEE

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
NRT
NRT
VEEE
VEEE
Revenue
$2.2M
$3.0M
Net Profit
$1.9M
$-2.6M
Gross Margin
3.7%
Operating Margin
-87.7%
Net Margin
87.2%
-85.6%
Revenue YoY
329.5%
60.4%
Net Profit YoY
581.3%
-119.0%
EPS (diluted)
$-1.19

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
NRT
NRT
VEEE
VEEE
Q1 26
$2.2M
Q4 25
$3.0M
Q3 25
$3.4M
Q2 25
$4.8M
Q1 25
$519.4K
$3.6M
Q4 24
$1.9M
Q3 24
$2.9M
Q2 24
$4.3M
Net Profit
NRT
NRT
VEEE
VEEE
Q1 26
$1.9M
Q4 25
$-2.6M
Q3 25
$-2.8M
Q2 25
$-1.7M
Q1 25
$285.5K
$-1.6M
Q4 24
$-1.2M
Q3 24
$-3.0M
Q2 24
$-4.5M
Gross Margin
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
3.7%
Q3 25
-1.3%
Q2 25
13.8%
Q1 25
14.9%
Q4 24
-57.6%
Q3 24
-5.0%
Q2 24
4.7%
Operating Margin
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
-87.7%
Q3 25
-81.0%
Q2 25
-35.2%
Q1 25
-46.5%
Q4 24
-224.9%
Q3 24
-107.3%
Q2 24
-107.7%
Net Margin
NRT
NRT
VEEE
VEEE
Q1 26
87.2%
Q4 25
-85.6%
Q3 25
-80.4%
Q2 25
-34.8%
Q1 25
55.0%
-44.6%
Q4 24
-62.7%
Q3 24
-103.7%
Q2 24
-104.4%
EPS (diluted)
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
$-1.19
Q3 25
$-1.23
Q2 25
$-0.87
Q1 25
$-1.08
Q4 24
$-3.51
Q3 24
$-2.64
Q2 24
$-3.09

Balance Sheet & Financial Strength

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

Metric
NRT
NRT
VEEE
VEEE
Cash + ST InvestmentsLiquidity on hand
$3.9M
$1.4M
Total DebtLower is stronger
$499.9K
Stockholders' EquityBook value
$13.5M
Total Assets
$3.9M
$16.2M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRT
NRT
VEEE
VEEE
Q1 26
$3.9M
Q4 25
$1.4M
Q3 25
$2.7M
Q2 25
$6.0M
Q1 25
$4.9M
Q4 24
$7.5M
Q3 24
$11.1M
Q2 24
$14.9M
Total Debt
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
$499.9K
Q3 25
$499.9K
Q2 25
$499.9K
Q1 25
$499.9K
Q4 24
$499.9K
Q3 24
$499.9K
Q2 24
$499.9K
Stockholders' Equity
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
$13.5M
Q3 25
$15.9M
Q2 25
$18.6M
Q1 25
$17.7M
Q4 24
$19.2M
Q3 24
$17.4M
Q2 24
$19.6M
Total Assets
NRT
NRT
VEEE
VEEE
Q1 26
$3.9M
Q4 25
$16.2M
Q3 25
$18.9M
Q2 25
$22.4M
Q1 25
$23.6M
Q4 24
$25.9M
Q3 24
$30.1M
Q2 24
$33.8M
Debt / Equity
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
0.04×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.03×
Q2 24
0.03×

Cash Flow & Capital Efficiency

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

Metric
NRT
NRT
VEEE
VEEE
Operating Cash FlowLast quarter
$-1.7M
Free Cash FlowOCF − Capex
$-1.9M
FCF MarginFCF / Revenue
-62.5%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
$-1.7M
Q3 25
$-2.6M
Q2 25
$-745.6K
Q1 25
$-1.7M
Q4 24
$-2.3M
Q3 24
$-2.4M
Q2 24
$-482.1K
Free Cash Flow
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
$-1.9M
Q3 25
$-3.1M
Q2 25
$-1.5M
Q1 25
$-2.6M
Q4 24
$-3.6M
Q3 24
$-3.7M
Q2 24
$-2.2M
FCF Margin
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
-62.5%
Q3 25
-91.2%
Q2 25
-30.6%
Q1 25
-71.0%
Q4 24
-192.8%
Q3 24
-128.8%
Q2 24
-51.0%
Capex Intensity
NRT
NRT
VEEE
VEEE
Q1 26
Q4 25
4.6%
Q3 25
14.0%
Q2 25
14.9%
Q1 25
22.9%
Q4 24
68.8%
Q3 24
45.8%
Q2 24
39.9%

Financial Flow Comparison

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

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