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Side-by-side financial comparison of NextPlat Corp (NXPL) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $12.8M, roughly 1.5× NextPlat Corp). Zeo Energy Corp. runs the higher net margin — -10.8% vs -40.2%, a 29.4% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -21.1%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-339.0K). Over the past eight quarters, Zeo Energy Corp.'s revenue compounded faster (-4.0% CAGR vs -14.4%).
NXPL vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $18.6M |
| Net Profit | $-5.1M | $-2.0M |
| Gross Margin | 14.3% | — |
| Operating Margin | -28.9% | -11.8% |
| Net Margin | -40.2% | -10.8% |
| Revenue YoY | -21.1% | -0.4% |
| Net Profit YoY | -70.6% | -360.9% |
| 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.
| Q4 25 | $12.8M | $18.6M | ||
| Q3 25 | $13.8M | $23.9M | ||
| Q2 25 | $13.2M | $18.1M | ||
| Q1 25 | $14.5M | $8.8M | ||
| Q4 24 | $16.2M | $18.6M | ||
| Q3 24 | $15.4M | $19.7M | ||
| Q2 24 | $17.0M | $14.8M | ||
| Q1 24 | $17.5M | $20.1M |
| Q4 25 | $-5.1M | $-2.0M | ||
| Q3 25 | $-2.2M | $-3.2M | ||
| Q2 25 | $-1.8M | $-2.4M | ||
| Q1 25 | $-1.3M | $-6.4M | ||
| Q4 24 | $-3.0M | $-435.3K | ||
| Q3 24 | $-4.2M | $-424.3K | ||
| Q2 24 | $-5.3M | $-277.8K | ||
| Q1 24 | $-1.5M | $-1.5M |
| Q4 25 | 14.3% | — | ||
| Q3 25 | 19.9% | 57.9% | ||
| Q2 25 | 21.8% | 59.8% | ||
| Q1 25 | 23.8% | 99.3% | ||
| Q4 24 | 16.8% | — | ||
| Q3 24 | 23.2% | 50.2% | ||
| Q2 24 | 34.5% | 52.3% | ||
| Q1 24 | 27.8% | — |
| Q4 25 | -28.9% | -11.8% | ||
| Q3 25 | -14.5% | -8.3% | ||
| Q2 25 | -13.8% | -15.8% | ||
| Q1 25 | -10.2% | -153.8% | ||
| Q4 24 | -14.1% | -6.0% | ||
| Q3 24 | -52.1% | -15.2% | ||
| Q2 24 | -64.1% | -18.0% | ||
| Q1 24 | -10.5% | -20.1% |
| Q4 25 | -40.2% | -10.8% | ||
| Q3 25 | -15.9% | -13.5% | ||
| Q2 25 | -13.5% | -13.3% | ||
| Q1 25 | -9.2% | -72.4% | ||
| Q4 24 | -18.6% | -2.3% | ||
| Q3 24 | -27.4% | -2.2% | ||
| Q2 24 | -31.3% | -1.9% | ||
| Q1 24 | -8.5% | -7.6% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $-0.05 | $-0.48 | ||
| Q4 24 | — | $1.11 | ||
| Q3 24 | $-0.22 | $-0.08 | ||
| Q2 24 | — | $0.03 | ||
| Q1 24 | $-0.08 | $-1.54 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $6.1M |
| Total DebtLower is stronger | $1.3M | $79.1K |
| Stockholders' EquityBook value | $17.3M | $5.3M |
| Total Assets | $27.5M | $56.9M |
| Debt / EquityLower = less leverage | 0.07× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.7M | $6.1M | ||
| Q3 25 | $13.9M | $3.9M | ||
| Q2 25 | $16.6M | $68.7K | ||
| Q1 25 | $17.7M | $2.9M | ||
| Q4 24 | $20.0M | $5.6M | ||
| Q3 24 | $20.4M | $4.3M | ||
| Q2 24 | $24.9M | $5.3M | ||
| Q1 24 | $23.5M | — |
| Q4 25 | $1.3M | $79.1K | ||
| Q3 25 | $1.2M | $84.6K | ||
| Q2 25 | $1.2M | $642.8K | ||
| Q1 25 | $1.3M | $715.4K | ||
| Q4 24 | $1.4M | $787.7K | ||
| Q3 24 | $1.5M | $858.6K | ||
| Q2 24 | $1.3M | $1.6M | ||
| Q1 24 | $1.4M | $748.8K |
| Q4 25 | $17.3M | $5.3M | ||
| Q3 25 | $21.4M | $-1.7M | ||
| Q2 25 | $23.5M | $-59.4M | ||
| Q1 25 | $25.3M | $-23.1M | ||
| Q4 24 | $27.3M | $-88.9M | ||
| Q3 24 | $22.5M | $-39.3M | ||
| Q2 24 | $26.5M | $-53.0M | ||
| Q1 24 | $31.2M | $-173.0M |
| Q4 25 | $27.5M | $56.9M | ||
| Q3 25 | $30.0M | $58.5M | ||
| Q2 25 | $31.0M | $46.2M | ||
| Q1 25 | $35.2M | $47.4M | ||
| Q4 24 | $37.1M | $61.0M | ||
| Q3 24 | $41.1M | $47.1M | ||
| Q2 24 | $51.5M | $49.1M | ||
| Q1 24 | $65.1M | $50.1M |
| Q4 25 | 0.07× | 0.01× | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.05× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.05× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.05× | — | ||
| Q1 24 | 0.04× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-302.0K | $2.4M |
| Free Cash FlowOCF − Capex | $-339.0K | $2.3M |
| FCF MarginFCF / Revenue | -2.6% | 12.2% |
| Capex IntensityCapex / Revenue | 0.3% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-302.0K | $2.4M | ||
| Q3 25 | $-2.7M | $-6.6M | ||
| Q2 25 | $-1.0M | $-2.3M | ||
| Q1 25 | $-2.1M | $-2.3M | ||
| Q4 24 | $-476.0K | $3.5M | ||
| Q3 24 | $-4.6M | $162.2K | ||
| Q2 24 | $2.3M | $-2.2M | ||
| Q1 24 | $-2.7M | $-10.2M |
| Q4 25 | $-339.0K | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | $-1.1M | $-2.7M | ||
| Q1 25 | $-2.1M | $-2.6M | ||
| Q4 24 | $-508.0K | $3.4M | ||
| Q3 24 | $-4.7M | $116.5K | ||
| Q2 24 | $2.2M | $-2.3M | ||
| Q1 24 | $-2.7M | $-10.4M |
| Q4 25 | -2.6% | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | -8.0% | -15.0% | ||
| Q1 25 | -14.3% | -30.0% | ||
| Q4 24 | -3.1% | 18.2% | ||
| Q3 24 | -30.6% | 0.6% | ||
| Q2 24 | 13.2% | -15.6% | ||
| Q1 24 | -15.7% | -51.5% |
| Q4 25 | 0.3% | 0.9% | ||
| Q3 25 | 0.0% | 1.0% | ||
| Q2 25 | 0.1% | 2.4% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.4% | 0.7% | ||
| Q1 24 | 0.4% | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
