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Side-by-side financial comparison of RING ENERGY, INC. (REI) and Vericel Corp (VCEL). Click either name above to swap in a different company.
Vericel Corp is the larger business by last-quarter revenue ($92.9M vs $66.9M, roughly 1.4× RING ENERGY, INC.). On growth, Vericel Corp posted the faster year-over-year revenue change (23.3% vs -19.8%). Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% CAGR vs -15.9%).
Siemens Energy AG is a German publicly traded energy corporation formed through the spin-off of the former Gas and Power division of Siemens, and it includes full ownership of Siemens Gamesa.
Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.
REI vs VCEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $92.9M |
| Net Profit | — | $23.2M |
| Gross Margin | — | 78.7% |
| Operating Margin | -37.6% | 24.1% |
| Net Margin | — | 25.0% |
| Revenue YoY | -19.8% | 23.3% |
| Net Profit YoY | — | 17.3% |
| EPS (diluted) | $-0.07 | $0.46 |
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 | $66.9M | $92.9M | ||
| Q3 25 | $78.6M | $67.5M | ||
| Q2 25 | $82.6M | $63.2M | ||
| Q1 25 | $79.1M | $52.6M | ||
| Q4 24 | $83.4M | $75.4M | ||
| Q3 24 | $89.2M | $57.9M | ||
| Q2 24 | $99.1M | $52.7M | ||
| Q1 24 | $94.5M | $51.3M |
| Q4 25 | — | $23.2M | ||
| Q3 25 | $-51.6M | $5.1M | ||
| Q2 25 | $20.6M | $-553.0K | ||
| Q1 25 | $9.1M | $-11.2M | ||
| Q4 24 | — | $19.8M | ||
| Q3 24 | $33.9M | $-901.0K | ||
| Q2 24 | $22.4M | $-4.7M | ||
| Q1 24 | $5.5M | $-3.9M |
| Q4 25 | — | 78.7% | ||
| Q3 25 | — | 73.5% | ||
| Q2 25 | — | 73.7% | ||
| Q1 25 | — | 69.0% | ||
| Q4 24 | — | 77.6% | ||
| Q3 24 | — | 71.9% | ||
| Q2 24 | — | 69.5% | ||
| Q1 24 | — | 68.9% |
| Q4 25 | -37.6% | 24.1% | ||
| Q3 25 | -70.0% | 5.1% | ||
| Q2 25 | 28.4% | -3.2% | ||
| Q1 25 | 28.3% | -24.3% | ||
| Q4 24 | 28.3% | 24.5% | ||
| Q3 24 | 33.4% | -4.3% | ||
| Q2 24 | 42.2% | -11.5% | ||
| Q1 24 | 39.8% | -10.7% |
| Q4 25 | — | 25.0% | ||
| Q3 25 | -65.7% | 7.5% | ||
| Q2 25 | 25.0% | -0.9% | ||
| Q1 25 | 11.5% | -21.4% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | 38.0% | -1.6% | ||
| Q2 24 | 22.6% | -8.9% | ||
| Q1 24 | 5.8% | -7.5% |
| Q4 25 | $-0.07 | $0.46 | ||
| Q3 25 | $-0.25 | $0.10 | ||
| Q2 25 | $0.10 | $-0.01 | ||
| Q1 25 | $0.05 | $-0.23 | ||
| Q4 24 | $0.03 | $0.40 | ||
| Q3 24 | $0.17 | $-0.02 | ||
| Q2 24 | $0.11 | $-0.10 | ||
| Q1 24 | $0.03 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $902.9K | $137.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $836.3M | $354.6M |
| Total Assets | $1.4B | $488.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $902.9K | $137.5M | ||
| Q3 25 | $286.9K | $135.4M | ||
| Q2 25 | — | $116.9M | ||
| Q1 25 | $1.1M | $112.9M | ||
| Q4 24 | $1.9M | $116.2M | ||
| Q3 24 | — | $101.7M | ||
| Q2 24 | $1.2M | $102.5M | ||
| Q1 24 | $1.4M | $110.6M |
| Q4 25 | $836.3M | $354.6M | ||
| Q3 25 | $847.7M | $321.9M | ||
| Q2 25 | $897.9M | $306.8M | ||
| Q1 25 | $876.0M | $295.5M | ||
| Q4 24 | $858.6M | $292.0M | ||
| Q3 24 | $851.3M | $257.5M | ||
| Q2 24 | $817.4M | $243.0M | ||
| Q1 24 | $793.0M | $233.9M |
| Q4 25 | $1.4B | $488.0M | ||
| Q3 25 | $1.4B | $453.3M | ||
| Q2 25 | $1.5B | $435.6M | ||
| Q1 25 | $1.5B | $424.6M | ||
| Q4 24 | $1.4B | $432.7M | ||
| Q3 24 | $1.4B | $390.4M | ||
| Q2 24 | $1.4B | $376.8M | ||
| Q1 24 | $1.4B | $356.7M |
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 | $44.7M | $15.0M |
| Free Cash FlowOCF − Capex | — | $12.8M |
| FCF MarginFCF / Revenue | — | 13.8% |
| Capex IntensityCapex / Revenue | — | 2.4% |
| Cash ConversionOCF / Net Profit | — | 0.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $24.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $44.7M | $15.0M | ||
| Q3 25 | $44.5M | $22.1M | ||
| Q2 25 | $33.3M | $8.2M | ||
| Q1 25 | $28.4M | $6.6M | ||
| Q4 24 | $47.3M | $22.2M | ||
| Q3 24 | $51.3M | $10.2M | ||
| Q2 24 | $50.6M | $18.5M | ||
| Q1 24 | $45.2M | $7.2M |
| Q4 25 | — | $12.8M | ||
| Q3 25 | — | $19.5M | ||
| Q2 25 | — | $81.0K | ||
| Q1 25 | — | $-7.6M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $-9.2M | ||
| Q2 24 | — | $1.8M | ||
| Q1 24 | — | $-6.8M |
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 28.8% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | -14.5% | ||
| Q4 24 | — | 11.2% | ||
| Q3 24 | — | -15.9% | ||
| Q2 24 | — | 3.4% | ||
| Q1 24 | — | -13.3% |
| Q4 25 | — | 2.4% | ||
| Q3 25 | — | 3.9% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 33.5% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 27.3% |
| Q4 25 | — | 0.65× | ||
| Q3 25 | — | 4.35× | ||
| Q2 25 | 1.61× | — | ||
| Q1 25 | 3.11× | — | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | 1.52× | — | ||
| Q2 24 | 2.26× | — | ||
| Q1 24 | 8.19× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
REI
Segment breakdown not available.
VCEL
| MACI Implants And Kits | $84.1M | 90% |
| Other | $8.8M | 10% |
