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Side-by-side financial comparison of Stabilis Solutions, Inc. (SLNG) and Soluna Holdings, Inc (SLNH). Click either name above to swap in a different company.
Stabilis Solutions, Inc. is the larger business by last-quarter revenue ($13.3M vs $8.4M, roughly 1.6× Soluna Holdings, Inc). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -284.7%, a 282.7% gap on every dollar of revenue. On growth, Soluna Holdings, Inc posted the faster year-over-year revenue change (11.8% vs -23.3%). Stabilis Solutions, Inc. produced more free cash flow last quarter ($-2.5M vs $-6.8M). Over the past eight quarters, Soluna Holdings, Inc's revenue compounded faster (-8.8% CAGR vs -18.1%).
Stabilis Solutions, Inc.SLNGEarnings & Financial Report
Stabilis Solutions, Inc. is a leading North American small-scale liquefied natural gas (LNG) producer and distributor. It supplies LNG fuel, cryogenic services, and full-cycle energy solutions to industrial, remote power, transportation, and commercial clients across the United States and Canada, advancing low-emission energy transition efforts.
SLNG vs SLNH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $8.4M |
| Net Profit | $-262.0K | $-24.0M |
| Gross Margin | 24.7% | 9.5% |
| Operating Margin | -2.4% | -92.5% |
| Net Margin | -2.0% | -284.7% |
| Revenue YoY | -23.3% | 11.8% |
| Net Profit YoY | -112.4% | -233.2% |
| EPS (diluted) | — | $-1.14 |
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 | $13.3M | — | ||
| Q3 25 | $20.3M | $8.4M | ||
| Q2 25 | $17.3M | $6.2M | ||
| Q1 25 | $17.3M | $5.9M | ||
| Q4 24 | $17.3M | $8.3M | ||
| Q3 24 | $17.6M | $7.5M | ||
| Q2 24 | $18.6M | $9.7M | ||
| Q1 24 | $19.8M | $12.5M |
| Q4 25 | $-262.0K | — | ||
| Q3 25 | $1.1M | $-24.0M | ||
| Q2 25 | $-613.0K | $-7.4M | ||
| Q1 25 | $-1.6M | $-7.6M | ||
| Q4 24 | $2.1M | $-40.0M | ||
| Q3 24 | $997.0K | $-7.2M | ||
| Q2 24 | $27.0K | $-10.9M | ||
| Q1 24 | $1.5M | $-5.3M |
| Q4 25 | 24.7% | — | ||
| Q3 25 | 27.6% | 9.5% | ||
| Q2 25 | 26.5% | 6.3% | ||
| Q1 25 | 26.2% | 5.7% | ||
| Q4 24 | 28.5% | -360.8% | ||
| Q3 24 | 28.3% | -39.1% | ||
| Q2 24 | 27.1% | 34.6% | ||
| Q1 24 | 31.6% | 45.4% |
| Q4 25 | -2.4% | — | ||
| Q3 25 | 5.5% | -92.5% | ||
| Q2 25 | -2.4% | -107.6% | ||
| Q1 25 | -9.7% | -120.9% | ||
| Q4 24 | 12.8% | -426.0% | ||
| Q3 24 | 5.0% | -119.8% | ||
| Q2 24 | 2.4% | -38.0% | ||
| Q1 24 | 7.8% | 3.2% |
| Q4 25 | -2.0% | — | ||
| Q3 25 | 5.5% | -284.7% | ||
| Q2 25 | -3.5% | -119.9% | ||
| Q1 25 | -9.2% | -127.3% | ||
| Q4 24 | 12.2% | -483.8% | ||
| Q3 24 | 5.7% | -95.5% | ||
| Q2 24 | 0.1% | -112.4% | ||
| Q1 24 | 7.4% | -41.9% |
| Q4 25 | — | — | ||
| Q3 25 | $0.06 | $-1.14 | ||
| Q2 25 | $-0.03 | $-0.93 | ||
| Q1 25 | $-0.09 | $-1.21 | ||
| Q4 24 | $0.12 | $-7.14 | ||
| Q3 24 | $0.05 | $-1.56 | ||
| Q2 24 | $0.00 | $-3.62 | ||
| Q1 24 | $0.08 | $-2.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $7.5M | — |
| Total DebtLower is stronger | $7.9M | $13.3M |
| Stockholders' EquityBook value | $66.7M | $14.5M |
| Total Assets | $83.1M | $152.0M |
| Debt / EquityLower = less leverage | 0.12× | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | — | ||
| Q3 25 | $10.3M | — | ||
| Q2 25 | $12.2M | — | ||
| Q1 25 | $9.0M | — | ||
| Q4 24 | $9.0M | — | ||
| Q3 24 | $12.4M | — | ||
| Q2 24 | $11.5M | — | ||
| Q1 24 | $8.3M | — |
| Q4 25 | $7.9M | — | ||
| Q3 25 | $8.3M | $13.3M | ||
| Q2 25 | $7.6M | $10.0M | ||
| Q1 25 | $8.3M | $10.2M | ||
| Q4 24 | $8.9M | $7.1M | ||
| Q3 24 | $9.3M | $8.1M | ||
| Q2 24 | $8.6M | $9.0M | ||
| Q1 24 | $9.1M | — |
| Q4 25 | $66.7M | — | ||
| Q3 25 | $66.7M | $14.5M | ||
| Q2 25 | $65.5M | $-19.5M | ||
| Q1 25 | $65.9M | $-16.1M | ||
| Q4 24 | $67.0M | $-12.5M | ||
| Q3 24 | $65.4M | $20.9M | ||
| Q2 24 | $63.7M | $24.4M | ||
| Q1 24 | $63.2M | $21.5M |
| Q4 25 | $83.1M | — | ||
| Q3 25 | $87.1M | $152.0M | ||
| Q2 25 | $83.2M | $92.0M | ||
| Q1 25 | $83.1M | $90.0M | ||
| Q4 24 | $85.6M | $88.0M | ||
| Q3 24 | $89.3M | $97.3M | ||
| Q2 24 | $82.6M | $98.7M | ||
| Q1 24 | $80.6M | $90.6M |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | 0.92× | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | 0.39× | ||
| Q2 24 | 0.13× | 0.37× | ||
| Q1 24 | 0.14× | — |
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 | $669.0K | $-2.2M |
| Free Cash FlowOCF − Capex | $-2.5M | $-6.8M |
| FCF MarginFCF / Revenue | -18.6% | -81.4% |
| Capex IntensityCapex / Revenue | 23.7% | 55.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $462.0K | $-34.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $669.0K | — | ||
| Q3 25 | $2.4M | $-2.2M | ||
| Q2 25 | $4.5M | $-1.1M | ||
| Q1 25 | $1.0M | $-177.0K | ||
| Q4 24 | $2.2M | $-5.1M | ||
| Q3 24 | $2.6M | $61.0K | ||
| Q2 24 | $5.0M | $-7.3M | ||
| Q1 24 | $3.9M | $3.9M |
| Q4 25 | $-2.5M | — | ||
| Q3 25 | $-1.5M | $-6.8M | ||
| Q2 25 | $3.9M | $-9.7M | ||
| Q1 25 | $538.0K | $-4.0M | ||
| Q4 24 | $-3.4M | $-13.9M | ||
| Q3 24 | $1.2M | $-3.4M | ||
| Q2 24 | $3.7M | $-7.6M | ||
| Q1 24 | $3.1M | $3.3M |
| Q4 25 | -18.6% | — | ||
| Q3 25 | -7.3% | -81.4% | ||
| Q2 25 | 22.4% | -156.8% | ||
| Q1 25 | 3.1% | -67.1% | ||
| Q4 24 | -19.7% | -168.3% | ||
| Q3 24 | 7.1% | -44.8% | ||
| Q2 24 | 19.7% | -78.2% | ||
| Q1 24 | 15.5% | 26.5% |
| Q4 25 | 23.7% | — | ||
| Q3 25 | 19.1% | 55.2% | ||
| Q2 25 | 3.7% | 139.0% | ||
| Q1 25 | 2.8% | 64.2% | ||
| Q4 24 | 32.3% | 107.0% | ||
| Q3 24 | 7.4% | 45.6% | ||
| Q2 24 | 7.4% | 2.5% | ||
| Q1 24 | 4.4% | 4.2% |
| Q4 25 | — | — | ||
| Q3 25 | 2.14× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.03× | — | ||
| Q3 24 | 2.56× | — | ||
| Q2 24 | 186.59× | — | ||
| Q1 24 | 2.67× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SLNG
| Natural Gas Gathering Transportation Marketing And Processing | $11.1M | 84% |
| Other | $1.3M | 10% |
| Services | $897.0K | 7% |
SLNH
| Data Hosting Revenue | $5.3M | 62% |
| Cryptocurrency Mining Revenue | $2.8M | 33% |
| Other | $389.0K | 5% |
