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Side-by-side financial comparison of GrabAGun Digital Holdings Inc. (PEW) and SUNation Energy, Inc. (SUNE). Click either name above to swap in a different company.

SUNation Energy, Inc. is the larger business by last-quarter revenue ($27.2M vs $22.3M, roughly 1.2× GrabAGun Digital Holdings Inc.). SUNation Energy, Inc. runs the higher net margin — 9.6% vs -17.2%, a 26.8% gap on every dollar of revenue.

GrabAGun Digital Holdings Inc operates a leading U.S. e-commerce platform selling legal firearms, ammunition, shooting accessories, and outdoor gear. It serves individual customers, licensed firearms dealers, and law enforcement across the U.S., complying with all local, state, and federal firearm sales regulations.

Suncor Energy Inc. is a Canadian integrated energy company based in Calgary, Alberta. It specializes in production of synthetic crude from oil sands. In the 2020 Forbes Global 2000, Suncor Energy was ranked as the 48th-largest public company in the world.

PEW vs SUNE — Head-to-Head

Bigger by revenue
SUNE
SUNE
1.2× larger
SUNE
$27.2M
$22.3M
PEW
Higher net margin
SUNE
SUNE
26.8% more per $
SUNE
9.6%
-17.2%
PEW

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PEW
PEW
SUNE
SUNE
Revenue
$22.3M
$27.2M
Net Profit
$-3.8M
$2.6M
Gross Margin
9.6%
40.7%
Operating Margin
-21.4%
10.7%
Net Margin
-17.2%
9.6%
Revenue YoY
77.0%
Net Profit YoY
138.2%
EPS (diluted)
$-0.14
$105.59

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
PEW
PEW
SUNE
SUNE
Q4 25
$27.2M
Q3 25
$22.3M
$19.0M
Q2 25
$13.1M
Q1 25
$12.6M
Q4 24
$15.4M
Q3 24
$14.7M
Q2 24
$13.5M
Q1 24
$13.2M
Net Profit
PEW
PEW
SUNE
SUNE
Q4 25
$2.6M
Q3 25
$-3.8M
$-393.0K
Q2 25
$-9.6M
Q1 25
$-3.5M
Q4 24
$-6.8M
Q3 24
$-3.3M
Q2 24
$-6.9M
Q1 24
$1.2M
Gross Margin
PEW
PEW
SUNE
SUNE
Q4 25
40.7%
Q3 25
9.6%
38.0%
Q2 25
37.0%
Q1 25
35.1%
Q4 24
36.4%
Q3 24
35.6%
Q2 24
35.4%
Q1 24
36.4%
Operating Margin
PEW
PEW
SUNE
SUNE
Q4 25
10.7%
Q3 25
-21.4%
-1.3%
Q2 25
-16.6%
Q1 25
-17.2%
Q4 24
-42.3%
Q3 24
-10.9%
Q2 24
-15.0%
Q1 24
-16.5%
Net Margin
PEW
PEW
SUNE
SUNE
Q4 25
9.6%
Q3 25
-17.2%
-2.1%
Q2 25
-73.5%
Q1 25
-27.7%
Q4 24
-44.4%
Q3 24
-22.4%
Q2 24
-51.2%
Q1 24
9.1%
EPS (diluted)
PEW
PEW
SUNE
SUNE
Q4 25
$105.59
Q3 25
$-0.14
$-0.12
Q2 25
$-3.14
Q1 25
$-106.71
Q4 24
$41676.94
Q3 24
$-2350.12
Q2 24
$-11022.91
Q1 24
$-38414.84

Balance Sheet & Financial Strength

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

Metric
PEW
PEW
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$109.5M
$7.2M
Total DebtLower is stronger
$6.6M
Stockholders' EquityBook value
$106.6M
$24.3M
Total Assets
$119.8M
$48.2M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PEW
PEW
SUNE
SUNE
Q4 25
$7.2M
Q3 25
$109.5M
$5.4M
Q2 25
$3.2M
Q1 25
$1.4M
Q4 24
$839.3K
Q3 24
$1.1M
Q2 24
$1.0M
Q1 24
$1.8M
Total Debt
PEW
PEW
SUNE
SUNE
Q4 25
$6.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PEW
PEW
SUNE
SUNE
Q4 25
$24.3M
Q3 25
$106.6M
$21.7M
Q2 25
$22.1M
Q1 25
$14.8M
Q4 24
$8.5M
Q3 24
$13.1M
Q2 24
$-10.9M
Q1 24
$-11.2M
Total Assets
PEW
PEW
SUNE
SUNE
Q4 25
$48.2M
Q3 25
$119.8M
$49.6M
Q2 25
$44.1M
Q1 25
$44.4M
Q4 24
$45.7M
Q3 24
$51.0M
Q2 24
$52.9M
Q1 24
$54.7M
Debt / Equity
PEW
PEW
SUNE
SUNE
Q4 25
0.27×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
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
PEW
PEW
SUNE
SUNE
Operating Cash FlowLast quarter
$-3.1M
$2.1M
Free Cash FlowOCF − Capex
$-3.1M
FCF MarginFCF / Revenue
-13.9%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PEW
PEW
SUNE
SUNE
Q4 25
$2.1M
Q3 25
$-3.1M
$2.4M
Q2 25
$-130.2K
Q1 25
$-3.4M
Q4 24
$-1.9M
Q3 24
$-968.1K
Q2 24
$-776.4K
Q1 24
$-2.6M
Free Cash Flow
PEW
PEW
SUNE
SUNE
Q4 25
Q3 25
$-3.1M
$2.4M
Q2 25
Q1 25
Q4 24
$-1.9M
Q3 24
$-980.3K
Q2 24
$-788.4K
Q1 24
$-2.7M
FCF Margin
PEW
PEW
SUNE
SUNE
Q4 25
Q3 25
-13.9%
12.5%
Q2 25
Q1 25
Q4 24
-12.4%
Q3 24
-6.7%
Q2 24
-5.8%
Q1 24
-20.1%
Capex Intensity
PEW
PEW
SUNE
SUNE
Q4 25
Q3 25
0.2%
0.0%
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
0.1%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
PEW
PEW
SUNE
SUNE
Q4 25
0.81×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PEW
PEW

Firearm Sales$18.1M81%
Non-Firearm Sales$4.2M19%

SUNE
SUNE

Transferred At Point In Time$15.1M55%
Hawaii Energy Connection$10.0M37%
Transferred Over Time$2.1M8%

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