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Side-by-side financial comparison of Seaport Entertainment Group Inc. (SEG) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Seaport Entertainment Group Inc. is the larger business by last-quarter revenue ($29.5M vs $18.6M, roughly 1.6× Zeo Energy Corp.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -125.0%, a 114.2% gap on every dollar of revenue.
SEG vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $29.5M | $18.6M |
| Net Profit | $-36.9M | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | -120.5% | -11.8% |
| Net Margin | -125.0% | -10.8% |
| Revenue YoY | — | -0.4% |
| Net Profit YoY | — | -360.9% |
| EPS (diluted) | $-2.90 | — |
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 | $29.5M | $18.6M | ||
| Q3 25 | $45.0M | $23.9M | ||
| Q2 25 | $39.8M | $18.1M | ||
| Q1 25 | $16.1M | $8.8M | ||
| Q4 24 | — | $18.6M | ||
| Q3 24 | $39.4M | $19.7M | ||
| Q2 24 | $33.7M | $14.8M | ||
| Q1 24 | — | $20.1M |
| Q4 25 | $-36.9M | $-2.0M | ||
| Q3 25 | $-33.2M | $-3.2M | ||
| Q2 25 | $-14.8M | $-2.4M | ||
| Q1 25 | $-31.9M | $-6.4M | ||
| Q4 24 | — | $-435.3K | ||
| Q3 24 | $-32.5M | $-424.3K | ||
| Q2 24 | $-35.0M | $-277.8K | ||
| Q1 24 | — | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | -120.5% | -11.8% | ||
| Q3 25 | -75.2% | -8.3% | ||
| Q2 25 | -40.2% | -15.8% | ||
| Q1 25 | -203.5% | -153.8% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | -51.0% | -15.2% | ||
| Q2 24 | -75.3% | -18.0% | ||
| Q1 24 | — | -20.1% |
| Q4 25 | -125.0% | -10.8% | ||
| Q3 25 | -73.7% | -13.5% | ||
| Q2 25 | -37.1% | -13.3% | ||
| Q1 25 | -198.4% | -72.4% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -82.5% | -2.2% | ||
| Q2 24 | -103.9% | -1.9% | ||
| Q1 24 | — | -7.6% |
| Q4 25 | $-2.90 | — | ||
| Q3 25 | $-2.61 | — | ||
| Q2 25 | $-1.16 | — | ||
| Q1 25 | $-2.51 | $-0.48 | ||
| Q4 24 | — | $1.11 | ||
| Q3 24 | $-5.89 | $-0.08 | ||
| Q2 24 | $-6.34 | $0.03 | ||
| Q1 24 | — | $-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 | $77.8M | $6.1M |
| Total DebtLower is stronger | $38.3M | $79.1K |
| Stockholders' EquityBook value | $456.5M | $5.3M |
| Total Assets | $650.1M | $56.9M |
| Debt / EquityLower = less leverage | 0.08× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $77.8M | $6.1M | ||
| Q3 25 | $106.2M | $3.9M | ||
| Q2 25 | $123.3M | $68.7K | ||
| Q1 25 | $129.9M | $2.9M | ||
| Q4 24 | — | $5.6M | ||
| Q3 24 | $23.7M | $4.3M | ||
| Q2 24 | $3.3M | $5.3M | ||
| Q1 24 | — | — |
| Q4 25 | $38.3M | $79.1K | ||
| Q3 25 | $39.3M | $84.6K | ||
| Q2 25 | $100.6M | $642.8K | ||
| Q1 25 | $101.6M | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | $103.3M | $858.6K | ||
| Q2 24 | $157.1M | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $456.5M | $5.3M | ||
| Q3 25 | $485.8M | $-1.7M | ||
| Q2 25 | $517.9M | $-59.4M | ||
| Q1 25 | $531.2M | $-23.1M | ||
| Q4 24 | — | $-88.9M | ||
| Q3 24 | $433.8M | $-39.3M | ||
| Q2 24 | $380.7M | $-53.0M | ||
| Q1 24 | — | $-173.0M |
| Q4 25 | $650.1M | $56.9M | ||
| Q3 25 | $699.1M | $58.5M | ||
| Q2 25 | $717.2M | $46.2M | ||
| Q1 25 | $718.4M | $47.4M | ||
| Q4 24 | — | $61.0M | ||
| Q3 24 | $622.8M | $47.1M | ||
| Q2 24 | $610.1M | $49.1M | ||
| Q1 24 | — | $50.1M |
| Q4 25 | 0.08× | 0.01× | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.19× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.24× | — | ||
| Q2 24 | 0.41× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-23.1M | $2.4M |
| Free Cash FlowOCF − Capex | — | $2.3M |
| FCF MarginFCF / Revenue | — | 12.2% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-23.1M | $2.4M | ||
| Q3 25 | $-5.3M | $-6.6M | ||
| Q2 25 | $-754.0K | $-2.3M | ||
| Q1 25 | $-20.5M | $-2.3M | ||
| Q4 24 | — | $3.5M | ||
| Q3 24 | $-8.8M | $162.2K | ||
| Q2 24 | — | $-2.2M | ||
| Q1 24 | — | $-10.2M |
| Q4 25 | — | $2.3M | ||
| Q3 25 | — | $-6.8M | ||
| Q2 25 | — | $-2.7M | ||
| Q1 25 | — | $-2.6M | ||
| Q4 24 | — | $3.4M | ||
| Q3 24 | — | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | — | $-10.4M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | -28.6% | ||
| Q2 25 | — | -15.0% | ||
| Q1 25 | — | -30.0% | ||
| Q4 24 | — | 18.2% | ||
| Q3 24 | — | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | — | -51.5% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.0% | ||
| Q2 25 | — | 2.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEG
| Sponsorships Events And Entertainment | $12.5M | 43% |
| Hospitality | $12.2M | 41% |
| Rental | $4.1M | 14% |
| Other | $631.0K | 2% |
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
