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Side-by-side financial comparison of Nuvve Holding Corp. (NVVE) and UNITED GUARDIAN INC (UG). Click either name above to swap in a different company.

UNITED GUARDIAN INC is the larger business by last-quarter revenue ($3.0M vs $1.9M, roughly 1.5× Nuvve Holding Corp.). On growth, UNITED GUARDIAN INC posted the faster year-over-year revenue change (19.6% vs 7.9%). Over the past eight quarters, Nuvve Holding Corp.'s revenue compounded faster (8.3% CAGR vs -4.6%).

Nuvve Holding Corp. is a global technology provider specializing in vehicle-to-grid (V2G) solutions for electric vehicles. It delivers intelligent energy management platforms that allow EV batteries to feed excess stored power back to electrical grids, serving commercial fleet operators, utility firms, and residential EV owners across North America, Europe, and Asia-Pacific.

The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the world. Based in Manhattan, it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the Fortune 500 list of largest American corporations by revenue. In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billio...

NVVE vs UG — Head-to-Head

Bigger by revenue
UG
UG
1.5× larger
UG
$3.0M
$1.9M
NVVE
Growing faster (revenue YoY)
UG
UG
+11.6% gap
UG
19.6%
7.9%
NVVE
Faster 2-yr revenue CAGR
NVVE
NVVE
Annualised
NVVE
8.3%
-4.6%
UG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NVVE
NVVE
UG
UG
Revenue
$1.9M
$3.0M
Net Profit
$-6.1M
Gross Margin
45.0%
Operating Margin
-346.7%
24.4%
Net Margin
-314.5%
Revenue YoY
7.9%
19.6%
Net Profit YoY
-19.0%
EPS (diluted)
$-69.41

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
NVVE
NVVE
UG
UG
Q4 25
$1.9M
$3.0M
Q3 25
$1.6M
$2.3M
Q2 25
$2.8M
Q1 25
$934.3K
$2.5M
Q4 24
$1.8M
$2.5M
Q3 24
$1.9M
$3.1M
Q2 24
$802.2K
$3.4M
Q1 24
$779.8K
$3.3M
Net Profit
NVVE
NVVE
UG
UG
Q4 25
$-6.1M
Q3 25
$-4.5M
$268.4K
Q2 25
$626.8K
Q1 25
$-6.9M
$560.9K
Q4 24
$-5.1M
Q3 24
$-1.6M
$865.5K
Q2 24
$-3.9M
$956.2K
Q1 24
$-6.7M
$925.4K
Gross Margin
NVVE
NVVE
UG
UG
Q4 25
45.0%
Q3 25
42.1%
Q2 25
52.8%
Q1 25
54.7%
Q4 24
51.7%
Q3 24
54.0%
Q2 24
54.0%
Q1 24
52.2%
Operating Margin
NVVE
NVVE
UG
UG
Q4 25
-346.7%
24.4%
Q3 25
-319.7%
9.5%
Q2 25
24.5%
Q1 25
-597.9%
24.6%
Q4 24
-314.2%
22.5%
Q3 24
-95.8%
31.0%
Q2 24
-718.5%
32.9%
Q1 24
-929.4%
31.5%
Net Margin
NVVE
NVVE
UG
UG
Q4 25
-314.5%
Q3 25
-281.9%
11.9%
Q2 25
22.1%
Q1 25
-735.6%
22.6%
Q4 24
-285.2%
Q3 24
-86.0%
28.3%
Q2 24
-491.0%
28.2%
Q1 24
-861.1%
28.4%
EPS (diluted)
NVVE
NVVE
UG
UG
Q4 25
$-69.41
Q3 25
$-0.24
Q2 25
Q1 25
$-3.88
Q4 24
$-1050.64
Q3 24
$-2.47
Q2 24
$-6.70
Q1 24
$-16.89

Balance Sheet & Financial Strength

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

Metric
NVVE
NVVE
UG
UG
Cash + ST InvestmentsLiquidity on hand
$5.5M
$8.6M
Total DebtLower is stronger
$1.7M
Stockholders' EquityBook value
$-1.7M
$11.2M
Total Assets
$17.4M
$13.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NVVE
NVVE
UG
UG
Q4 25
$5.5M
$8.6M
Q3 25
$939.4K
$8.3M
Q2 25
$8.4M
Q1 25
$1.2M
$8.1M
Q4 24
$371.5K
$9.4M
Q3 24
$325.2K
$9.5M
Q2 24
$1.4M
$9.9M
Q1 24
$5.3M
$8.6M
Total Debt
NVVE
NVVE
UG
UG
Q4 25
$1.7M
Q3 25
$3.0M
Q2 25
Q1 25
$4.8M
Q4 24
$5.5M
Q3 24
$2.4M
Q2 24
Q1 24
Stockholders' Equity
NVVE
NVVE
UG
UG
Q4 25
$-1.7M
$11.2M
Q3 25
$-1.4M
$10.6M
Q2 25
$11.5M
Q1 25
$-3.2M
$10.8M
Q4 24
$-1.3M
$11.9M
Q3 24
$3.0M
$11.4M
Q2 24
$3.3M
$12.1M
Q1 24
$6.6M
$11.2M
Total Assets
NVVE
NVVE
UG
UG
Q4 25
$17.4M
$13.1M
Q3 25
$16.8M
$12.2M
Q2 25
$13.4M
Q1 25
$16.5M
$12.8M
Q4 24
$16.8M
$13.8M
Q3 24
$18.3M
$13.3M
Q2 24
$18.5M
$13.8M
Q1 24
$23.5M
$13.0M
Debt / Equity
NVVE
NVVE
UG
UG
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.81×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
NVVE
NVVE
UG
UG
Operating Cash FlowLast quarter
$-4.3M
$330.5K
Free Cash FlowOCF − Capex
$308.0K
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
0.0%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NVVE
NVVE
UG
UG
Q4 25
$-4.3M
$330.5K
Q3 25
$-5.1M
$1.0M
Q2 25
$303.2K
Q1 25
$-1.8M
$322.1K
Q4 24
$-3.5M
$269.3K
Q3 24
$-3.5M
$1.2M
Q2 24
$-4.0M
$1.3M
Q1 24
$-4.7M
$644.1K
Free Cash Flow
NVVE
NVVE
UG
UG
Q4 25
$308.0K
Q3 25
$-5.1M
$995.8K
Q2 25
$285.6K
Q1 25
$-1.8M
$318.5K
Q4 24
$-3.5M
$-45.9K
Q3 24
$-3.5M
$1.2M
Q2 24
$-4.0M
$1.3M
Q1 24
$-4.8M
$622.2K
FCF Margin
NVVE
NVVE
UG
UG
Q4 25
10.4%
Q3 25
-317.6%
44.0%
Q2 25
10.1%
Q1 25
-194.9%
12.8%
Q4 24
-196.0%
-1.9%
Q3 24
-182.9%
39.2%
Q2 24
-501.7%
37.1%
Q1 24
-611.2%
19.1%
Capex Intensity
NVVE
NVVE
UG
UG
Q4 25
0.0%
0.8%
Q3 25
0.2%
0.7%
Q2 25
0.6%
Q1 25
1.3%
0.1%
Q4 24
0.5%
12.7%
Q3 24
0.1%
1.0%
Q2 24
1.5%
1.9%
Q1 24
5.2%
0.7%
Cash Conversion
NVVE
NVVE
UG
UG
Q4 25
Q3 25
3.77×
Q2 25
0.48×
Q1 25
0.57×
Q4 24
Q3 24
1.42×
Q2 24
1.38×
Q1 24
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NVVE
NVVE

Engineering Services$1.1M57%
Other$838.4K43%

UG
UG

Pharmaceuticals$1.6M53%
Other$1.4M47%

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