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Side-by-side financial comparison of Stabilis Solutions, Inc. (SLNG) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
Stabilis Solutions, Inc. is the larger business by last-quarter revenue ($13.3M vs $13.2M, roughly 1.0× TriSalus Life Sciences, Inc.). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -73.9%, a 71.9% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs -23.3%). Stabilis Solutions, Inc. produced more free cash flow last quarter ($-2.5M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% 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.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
SLNG vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $13.2M |
| Net Profit | $-262.0K | $-9.8M |
| Gross Margin | 24.7% | 86.7% |
| Operating Margin | -2.4% | -24.8% |
| Net Margin | -2.0% | -73.9% |
| Revenue YoY | -23.3% | 59.8% |
| Net Profit YoY | -112.4% | 3.5% |
| EPS (diluted) | — | $-0.22 |
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 | $13.2M | ||
| Q3 25 | $20.3M | $11.6M | ||
| Q2 25 | $17.3M | $11.2M | ||
| Q1 25 | $17.3M | $9.2M | ||
| Q4 24 | $17.3M | $8.3M | ||
| Q3 24 | $17.6M | $7.3M | ||
| Q2 24 | $18.6M | $7.4M | ||
| Q1 24 | $19.8M | $6.5M |
| Q4 25 | $-262.0K | $-9.8M | ||
| Q3 25 | $1.1M | $-10.8M | ||
| Q2 25 | $-613.0K | $-8.3M | ||
| Q1 25 | $-1.6M | $-10.4M | ||
| Q4 24 | $2.1M | $-10.1M | ||
| Q3 24 | $997.0K | $-2.4M | ||
| Q2 24 | $27.0K | $-4.3M | ||
| Q1 24 | $1.5M | $-13.2M |
| Q4 25 | 24.7% | 86.7% | ||
| Q3 25 | 27.6% | 83.5% | ||
| Q2 25 | 26.5% | 83.9% | ||
| Q1 25 | 26.2% | 83.7% | ||
| Q4 24 | 28.5% | 85.3% | ||
| Q3 24 | 28.3% | 86.3% | ||
| Q2 24 | 27.1% | 87.6% | ||
| Q1 24 | 31.6% | 85.0% |
| Q4 25 | -2.4% | -24.8% | ||
| Q3 25 | 5.5% | -77.9% | ||
| Q2 25 | -2.4% | -65.4% | ||
| Q1 25 | -9.7% | -79.9% | ||
| Q4 24 | 12.8% | -91.8% | ||
| Q3 24 | 5.0% | -118.9% | ||
| Q2 24 | 2.4% | -111.0% | ||
| Q1 24 | 7.8% | -180.8% |
| Q4 25 | -2.0% | -73.9% | ||
| Q3 25 | 5.5% | -93.5% | ||
| Q2 25 | -3.5% | -73.9% | ||
| Q1 25 | -9.2% | -113.2% | ||
| Q4 24 | 12.2% | -122.4% | ||
| Q3 24 | 5.7% | -32.6% | ||
| Q2 24 | 0.1% | -58.8% | ||
| Q1 24 | 7.4% | -204.5% |
| Q4 25 | — | $-0.22 | ||
| Q3 25 | $0.06 | $-0.96 | ||
| Q2 25 | $-0.03 | $-0.27 | ||
| Q1 25 | $-0.09 | $-0.39 | ||
| Q4 24 | $0.12 | $-0.38 | ||
| Q3 24 | $0.05 | $-0.12 | ||
| Q2 24 | $0.00 | $-0.21 | ||
| Q1 24 | $0.08 | $-0.60 |
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 | $20.4M |
| Total DebtLower is stronger | $7.9M | — |
| Stockholders' EquityBook value | $66.7M | $-33.9M |
| Total Assets | $83.1M | $35.3M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | $20.4M | ||
| Q3 25 | $10.3M | $22.7M | ||
| Q2 25 | $12.2M | $26.5M | ||
| Q1 25 | $9.0M | $13.0M | ||
| Q4 24 | $9.0M | $8.5M | ||
| Q3 24 | $12.4M | $11.3M | ||
| Q2 24 | $11.5M | $16.5M | ||
| Q1 24 | $8.3M | $4.0M |
| Q4 25 | $7.9M | — | ||
| Q3 25 | $8.3M | — | ||
| Q2 25 | $7.6M | — | ||
| Q1 25 | $8.3M | — | ||
| Q4 24 | $8.9M | — | ||
| Q3 24 | $9.3M | — | ||
| Q2 24 | $8.6M | — | ||
| Q1 24 | $9.1M | — |
| Q4 25 | $66.7M | $-33.9M | ||
| Q3 25 | $66.7M | $-26.7M | ||
| Q2 25 | $65.5M | $-19.4M | ||
| Q1 25 | $65.9M | $-34.4M | ||
| Q4 24 | $67.0M | $-25.9M | ||
| Q3 24 | $65.4M | $-20.4M | ||
| Q2 24 | $63.7M | $-25.3M | ||
| Q1 24 | $63.2M | $-36.0M |
| Q4 25 | $83.1M | $35.3M | ||
| Q3 25 | $87.1M | $36.5M | ||
| Q2 25 | $83.2M | $41.3M | ||
| Q1 25 | $83.1M | $28.6M | ||
| Q4 24 | $85.6M | $24.0M | ||
| Q3 24 | $89.3M | $27.5M | ||
| Q2 24 | $82.6M | $32.4M | ||
| Q1 24 | $80.6M | $17.9M |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.12× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.13× | — | ||
| Q3 24 | 0.14× | — | ||
| Q2 24 | 0.13× | — | ||
| 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 | $-2.5M |
| Free Cash FlowOCF − Capex | $-2.5M | $-2.5M |
| FCF MarginFCF / Revenue | -18.6% | -19.1% |
| Capex IntensityCapex / Revenue | 23.7% | 0.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $462.0K | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $669.0K | $-2.5M | ||
| Q3 25 | $2.4M | $-3.7M | ||
| Q2 25 | $4.5M | $-7.3M | ||
| Q1 25 | $1.0M | $-4.5M | ||
| Q4 24 | $2.2M | $-5.7M | ||
| Q3 24 | $2.6M | $-10.8M | ||
| Q2 24 | $5.0M | $-13.4M | ||
| Q1 24 | $3.9M | $-10.9M |
| Q4 25 | $-2.5M | $-2.5M | ||
| Q3 25 | $-1.5M | $-3.9M | ||
| Q2 25 | $3.9M | $-7.4M | ||
| Q1 25 | $538.0K | $-5.3M | ||
| Q4 24 | $-3.4M | $-5.8M | ||
| Q3 24 | $1.2M | $-11.0M | ||
| Q2 24 | $3.7M | $-13.5M | ||
| Q1 24 | $3.1M | $-10.9M |
| Q4 25 | -18.6% | -19.1% | ||
| Q3 25 | -7.3% | -33.9% | ||
| Q2 25 | 22.4% | -66.1% | ||
| Q1 25 | 3.1% | -57.3% | ||
| Q4 24 | -19.7% | -69.7% | ||
| Q3 24 | 7.1% | -149.9% | ||
| Q2 24 | 19.7% | -183.1% | ||
| Q1 24 | 15.5% | -169.3% |
| Q4 25 | 23.7% | 0.3% | ||
| Q3 25 | 19.1% | 1.9% | ||
| Q2 25 | 3.7% | 0.8% | ||
| Q1 25 | 2.8% | 8.2% | ||
| Q4 24 | 32.3% | 0.6% | ||
| Q3 24 | 7.4% | 2.3% | ||
| Q2 24 | 7.4% | 0.8% | ||
| Q1 24 | 4.4% | 1.0% |
| 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% |
TLSI
Segment breakdown not available.
