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Side-by-side financial comparison of Reservoir Media, Inc. (RSVR) and SUNation Energy, Inc. (SUNE). Click either name above to swap in a different company.

Reservoir Media, Inc. is the larger business by last-quarter revenue ($45.6M vs $27.2M, roughly 1.7× SUNation Energy, Inc.). SUNation Energy, Inc. runs the higher net margin — 9.6% vs 4.8%, a 4.8% gap on every dollar of revenue. On growth, SUNation Energy, Inc. posted the faster year-over-year revenue change (77.0% vs 7.7%). Over the past eight quarters, SUNation Energy, Inc.'s revenue compounded faster (43.5% CAGR vs 7.9%).

Reservoir Media, Inc. is a leading global independent music rights management company. It owns and administers extensive catalogs of recorded music, music publishing copyrights, and neighboring rights, partnering with top songwriters, performing artists, and producers across genres including pop, hip-hop, rock, and film soundtracks. It licenses its content for use across streaming platforms, advertising, film and television productions, live events, and other commercial channels, with operations spanning North America, Europe, and Asia Pacific markets.

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.

RSVR vs SUNE — Head-to-Head

Bigger by revenue
RSVR
RSVR
1.7× larger
RSVR
$45.6M
$27.2M
SUNE
Growing faster (revenue YoY)
SUNE
SUNE
+69.3% gap
SUNE
77.0%
7.7%
RSVR
Higher net margin
SUNE
SUNE
4.8% more per $
SUNE
9.6%
4.8%
RSVR
Faster 2-yr revenue CAGR
SUNE
SUNE
Annualised
SUNE
43.5%
7.9%
RSVR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
RSVR
RSVR
SUNE
SUNE
Revenue
$45.6M
$27.2M
Net Profit
$2.2M
$2.6M
Gross Margin
64.5%
40.7%
Operating Margin
22.7%
10.7%
Net Margin
4.8%
9.6%
Revenue YoY
7.7%
77.0%
Net Profit YoY
-58.1%
138.2%
EPS (diluted)
$0.03
$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
RSVR
RSVR
SUNE
SUNE
Q4 25
$45.6M
$27.2M
Q3 25
$45.4M
$19.0M
Q2 25
$37.2M
$13.1M
Q1 25
$41.4M
$12.6M
Q4 24
$42.3M
$15.4M
Q3 24
$40.7M
$14.7M
Q2 24
$34.3M
$13.5M
Q1 24
$39.1M
$13.2M
Net Profit
RSVR
RSVR
SUNE
SUNE
Q4 25
$2.2M
$2.6M
Q3 25
$2.3M
$-393.0K
Q2 25
$-555.7K
$-9.6M
Q1 25
$2.7M
$-3.5M
Q4 24
$5.2M
$-6.8M
Q3 24
$185.0K
$-3.3M
Q2 24
$-346.7K
$-6.9M
Q1 24
$2.8M
$1.2M
Gross Margin
RSVR
RSVR
SUNE
SUNE
Q4 25
64.5%
40.7%
Q3 25
63.6%
38.0%
Q2 25
64.5%
37.0%
Q1 25
65.6%
35.1%
Q4 24
64.4%
36.4%
Q3 24
63.5%
35.6%
Q2 24
61.3%
35.4%
Q1 24
63.4%
36.4%
Operating Margin
RSVR
RSVR
SUNE
SUNE
Q4 25
22.7%
10.7%
Q3 25
23.5%
-1.3%
Q2 25
14.7%
-16.6%
Q1 25
25.2%
-17.2%
Q4 24
22.6%
-42.3%
Q3 24
24.9%
-10.9%
Q2 24
14.5%
-15.0%
Q1 24
22.4%
-16.5%
Net Margin
RSVR
RSVR
SUNE
SUNE
Q4 25
4.8%
9.6%
Q3 25
5.0%
-2.1%
Q2 25
-1.5%
-73.5%
Q1 25
6.4%
-27.7%
Q4 24
12.4%
-44.4%
Q3 24
0.5%
-22.4%
Q2 24
-1.0%
-51.2%
Q1 24
7.1%
9.1%
EPS (diluted)
RSVR
RSVR
SUNE
SUNE
Q4 25
$0.03
$105.59
Q3 25
$0.03
$-0.12
Q2 25
$-0.01
$-3.14
Q1 25
$-106.71
Q4 24
$0.08
$41676.94
Q3 24
$-2350.12
Q2 24
$-0.01
$-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
RSVR
RSVR
SUNE
SUNE
Cash + ST InvestmentsLiquidity on hand
$20.6M
$7.2M
Total DebtLower is stronger
$6.6M
Stockholders' EquityBook value
$373.6M
$24.3M
Total Assets
$941.9M
$48.2M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
RSVR
RSVR
SUNE
SUNE
Q4 25
$20.6M
$7.2M
Q3 25
$27.9M
$5.4M
Q2 25
$14.9M
$3.2M
Q1 25
$21.4M
$1.4M
Q4 24
$17.8M
$839.3K
Q3 24
$21.1M
$1.1M
Q2 24
$16.4M
$1.0M
Q1 24
$18.1M
$1.8M
Total Debt
RSVR
RSVR
SUNE
SUNE
Q4 25
$6.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
RSVR
RSVR
SUNE
SUNE
Q4 25
$373.6M
$24.3M
Q3 25
$370.9M
$21.7M
Q2 25
$368.9M
$22.1M
Q1 25
$364.9M
$14.8M
Q4 24
$359.5M
$8.5M
Q3 24
$357.9M
$13.1M
Q2 24
$353.0M
$-10.9M
Q1 24
$353.0M
$-11.2M
Total Assets
RSVR
RSVR
SUNE
SUNE
Q4 25
$941.9M
$48.2M
Q3 25
$903.5M
$49.6M
Q2 25
$857.0M
$44.1M
Q1 25
$865.1M
$44.4M
Q4 24
$832.4M
$45.7M
Q3 24
$778.2M
$51.0M
Q2 24
$768.2M
$52.9M
Q1 24
$783.5M
$54.7M
Debt / Equity
RSVR
RSVR
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
RSVR
RSVR
SUNE
SUNE
Operating Cash FlowLast quarter
$12.9M
$2.1M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
28.1%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
5.89×
0.81×
TTM Free Cash FlowTrailing 4 quarters
$50.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
RSVR
RSVR
SUNE
SUNE
Q4 25
$12.9M
$2.1M
Q3 25
$19.3M
$2.4M
Q2 25
$6.0M
$-130.2K
Q1 25
$12.2M
$-3.4M
Q4 24
$11.2M
$-1.9M
Q3 24
$13.3M
$-968.1K
Q2 24
$8.6M
$-776.4K
Q1 24
$13.8M
$-2.6M
Free Cash Flow
RSVR
RSVR
SUNE
SUNE
Q4 25
$12.8M
Q3 25
$19.2M
$2.4M
Q2 25
$6.0M
Q1 25
$12.2M
Q4 24
$11.2M
$-1.9M
Q3 24
$13.3M
$-980.3K
Q2 24
$8.5M
$-788.4K
Q1 24
$13.8M
$-2.7M
FCF Margin
RSVR
RSVR
SUNE
SUNE
Q4 25
28.1%
Q3 25
42.2%
12.5%
Q2 25
16.1%
Q1 25
29.3%
Q4 24
26.5%
-12.4%
Q3 24
32.7%
-6.7%
Q2 24
24.9%
-5.8%
Q1 24
35.2%
-20.1%
Capex Intensity
RSVR
RSVR
SUNE
SUNE
Q4 25
0.3%
Q3 25
0.3%
0.0%
Q2 25
0.1%
Q1 25
0.1%
Q4 24
0.0%
0.0%
Q3 24
0.1%
0.1%
Q2 24
0.1%
0.1%
Q1 24
0.0%
0.0%
Cash Conversion
RSVR
RSVR
SUNE
SUNE
Q4 25
5.89×
0.81×
Q3 25
8.54×
Q2 25
Q1 25
4.56×
Q4 24
2.14×
Q3 24
71.97×
Q2 24
Q1 24
4.93×
-2.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

RSVR
RSVR

Other$18.9M42%
Recorded Music Segment$12.9M28%
Performance$6.2M14%
Synchronization$4.6M10%
Physical$1.9M4%
Neighboring Rights$1.1M3%

SUNE
SUNE

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

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