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Side-by-side financial comparison of Stabilis Solutions, Inc. (SLNG) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.

Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $13.3M, roughly 1.2× Stabilis Solutions, Inc.). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -176.6%, a 174.7% gap on every dollar of revenue. On growth, Stabilis Solutions, Inc. posted the faster year-over-year revenue change (-23.3% vs -26.9%). Stabilis Solutions, Inc. produced more free cash flow last quarter ($-2.5M vs $-16.2M). Over the past eight quarters, Stabilis Solutions, Inc.'s revenue compounded faster (-18.1% CAGR vs -32.6%).

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.

Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.

SLNG vs SPIR — Head-to-Head

Bigger by revenue
SPIR
SPIR
1.2× larger
SPIR
$15.8M
$13.3M
SLNG
Growing faster (revenue YoY)
SLNG
SLNG
+3.7% gap
SLNG
-23.3%
-26.9%
SPIR
Higher net margin
SLNG
SLNG
174.7% more per $
SLNG
-2.0%
-176.6%
SPIR
More free cash flow
SLNG
SLNG
$13.7M more FCF
SLNG
$-2.5M
$-16.2M
SPIR
Faster 2-yr revenue CAGR
SLNG
SLNG
Annualised
SLNG
-18.1%
-32.6%
SPIR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SLNG
SLNG
SPIR
SPIR
Revenue
$13.3M
$15.8M
Net Profit
$-262.0K
$-28.0M
Gross Margin
24.7%
40.2%
Operating Margin
-2.4%
-164.1%
Net Margin
-2.0%
-176.6%
Revenue YoY
-23.3%
-26.9%
Net Profit YoY
-112.4%
42.7%
EPS (diluted)
$-0.85

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
SLNG
SLNG
SPIR
SPIR
Q4 25
$13.3M
$15.8M
Q3 25
$20.3M
$12.7M
Q2 25
$17.3M
$19.2M
Q1 25
$17.3M
$23.9M
Q4 24
$17.3M
$21.7M
Q3 24
$17.6M
$28.6M
Q2 24
$18.6M
$25.4M
Q1 24
$19.8M
$34.8M
Net Profit
SLNG
SLNG
SPIR
SPIR
Q4 25
$-262.0K
$-28.0M
Q3 25
$1.1M
$-19.7M
Q2 25
$-613.0K
$119.6M
Q1 25
$-1.6M
$-20.7M
Q4 24
$2.1M
$-48.8M
Q3 24
$997.0K
$-12.5M
Q2 24
$27.0K
$-16.6M
Q1 24
$1.5M
$-25.5M
Gross Margin
SLNG
SLNG
SPIR
SPIR
Q4 25
24.7%
40.2%
Q3 25
27.6%
36.6%
Q2 25
26.5%
48.9%
Q1 25
26.2%
36.8%
Q4 24
28.5%
32.4%
Q3 24
28.3%
44.5%
Q2 24
27.1%
43.0%
Q1 24
31.6%
26.5%
Operating Margin
SLNG
SLNG
SPIR
SPIR
Q4 25
-2.4%
-164.1%
Q3 25
5.5%
-166.1%
Q2 25
-2.4%
-122.7%
Q1 25
-9.7%
-106.5%
Q4 24
12.8%
-144.1%
Q3 24
5.0%
-48.0%
Q2 24
2.4%
-48.6%
Q1 24
7.8%
-34.4%
Net Margin
SLNG
SLNG
SPIR
SPIR
Q4 25
-2.0%
-176.6%
Q3 25
5.5%
-155.3%
Q2 25
-3.5%
623.4%
Q1 25
-9.2%
-86.5%
Q4 24
12.2%
-225.2%
Q3 24
5.7%
-43.7%
Q2 24
0.1%
-65.2%
Q1 24
7.4%
-73.3%
EPS (diluted)
SLNG
SLNG
SPIR
SPIR
Q4 25
$-0.85
Q3 25
$0.06
$-0.61
Q2 25
$-0.03
$3.72
Q1 25
$-0.09
$-0.77
Q4 24
$0.12
$-1.93
Q3 24
$0.05
$-0.50
Q2 24
$0.00
$-0.68
Q1 24
$0.08
$-1.17

Balance Sheet & Financial Strength

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

Metric
SLNG
SLNG
SPIR
SPIR
Cash + ST InvestmentsLiquidity on hand
$7.5M
$81.8M
Total DebtLower is stronger
$7.9M
Stockholders' EquityBook value
$66.7M
$112.9M
Total Assets
$83.1M
$211.0M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLNG
SLNG
SPIR
SPIR
Q4 25
$7.5M
$81.8M
Q3 25
$10.3M
$96.8M
Q2 25
$12.2M
$117.6M
Q1 25
$9.0M
$35.9M
Q4 24
$9.0M
$19.2M
Q3 24
$12.4M
$36.6M
Q2 24
$11.5M
$45.8M
Q1 24
$8.3M
$63.7M
Total Debt
SLNG
SLNG
SPIR
SPIR
Q4 25
$7.9M
Q3 25
$8.3M
Q2 25
$7.6M
Q1 25
$8.3M
$103.7M
Q4 24
$8.9M
$103.1M
Q3 24
$9.3M
$4.9M
Q2 24
$8.6M
$4.9M
Q1 24
$9.1M
$123.1M
Stockholders' Equity
SLNG
SLNG
SPIR
SPIR
Q4 25
$66.7M
$112.9M
Q3 25
$66.7M
$133.1M
Q2 25
$65.5M
$149.2M
Q1 25
$65.9M
$3.7M
Q4 24
$67.0M
$-11.7M
Q3 24
$65.4M
$30.8M
Q2 24
$63.7M
$40.3M
Q1 24
$63.2M
$52.5M
Total Assets
SLNG
SLNG
SPIR
SPIR
Q4 25
$83.1M
$211.0M
Q3 25
$87.1M
$224.3M
Q2 25
$83.2M
$239.5M
Q1 25
$83.1M
$208.8M
Q4 24
$85.6M
$193.6M
Q3 24
$89.3M
$224.2M
Q2 24
$82.6M
$230.8M
Q1 24
$80.6M
$252.3M
Debt / Equity
SLNG
SLNG
SPIR
SPIR
Q4 25
0.12×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.13×
27.92×
Q4 24
0.13×
Q3 24
0.14×
0.16×
Q2 24
0.13×
0.12×
Q1 24
0.14×
2.35×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
SLNG
SLNG
SPIR
SPIR
Operating Cash FlowLast quarter
$669.0K
$-4.3M
Free Cash FlowOCF − Capex
$-2.5M
$-16.2M
FCF MarginFCF / Revenue
-18.6%
-102.1%
Capex IntensityCapex / Revenue
23.7%
75.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$462.0K
$-92.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLNG
SLNG
SPIR
SPIR
Q4 25
$669.0K
$-4.3M
Q3 25
$2.4M
$-12.0M
Q2 25
$4.5M
$-35.1M
Q1 25
$1.0M
$-8.4M
Q4 24
$2.2M
$-19.2M
Q3 24
$2.6M
$14.0M
Q2 24
$5.0M
$-4.4M
Q1 24
$3.9M
$-8.8M
Free Cash Flow
SLNG
SLNG
SPIR
SPIR
Q4 25
$-2.5M
$-16.2M
Q3 25
$-1.5M
$-20.4M
Q2 25
$3.9M
$-38.7M
Q1 25
$538.0K
$-17.3M
Q4 24
$-3.4M
$-24.3M
Q3 24
$1.2M
$5.1M
Q2 24
$3.7M
$-9.9M
Q1 24
$3.1M
$-15.9M
FCF Margin
SLNG
SLNG
SPIR
SPIR
Q4 25
-18.6%
-102.1%
Q3 25
-7.3%
-161.3%
Q2 25
22.4%
-201.7%
Q1 25
3.1%
-72.6%
Q4 24
-19.7%
-112.2%
Q3 24
7.1%
17.8%
Q2 24
19.7%
-39.0%
Q1 24
15.5%
-45.7%
Capex Intensity
SLNG
SLNG
SPIR
SPIR
Q4 25
23.7%
75.1%
Q3 25
19.1%
66.2%
Q2 25
3.7%
18.8%
Q1 25
2.8%
37.3%
Q4 24
32.3%
23.5%
Q3 24
7.4%
31.2%
Q2 24
7.4%
21.8%
Q1 24
4.4%
20.3%
Cash Conversion
SLNG
SLNG
SPIR
SPIR
Q4 25
Q3 25
2.14×
Q2 25
-0.29×
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
SLNG

Natural Gas Gathering Transportation Marketing And Processing$11.1M84%
Other$1.3M10%
Services$897.0K7%

SPIR
SPIR

Segment breakdown not available.

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