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Side-by-side financial comparison of Stabilis Solutions, Inc. (SLNG) and Zeo Energy Corp. (ZEO). Click either name above to swap in a different company.
Zeo Energy Corp. is the larger business by last-quarter revenue ($18.6M vs $13.3M, roughly 1.4× Stabilis Solutions, Inc.). Stabilis Solutions, Inc. runs the higher net margin — -2.0% vs -10.8%, a 8.8% gap on every dollar of revenue. On growth, Zeo Energy Corp. posted the faster year-over-year revenue change (-0.4% vs -23.3%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $-2.5M). Over the past eight quarters, Zeo Energy Corp.'s revenue compounded faster (-4.0% 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.
SLNG vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $13.3M | $18.6M |
| Net Profit | $-262.0K | $-2.0M |
| Gross Margin | 24.7% | — |
| Operating Margin | -2.4% | -11.8% |
| Net Margin | -2.0% | -10.8% |
| Revenue YoY | -23.3% | -0.4% |
| Net Profit YoY | -112.4% | -360.9% |
| EPS (diluted) | — | — |
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 | $18.6M | ||
| Q3 25 | $20.3M | $23.9M | ||
| Q2 25 | $17.3M | $18.1M | ||
| Q1 25 | $17.3M | $8.8M | ||
| Q4 24 | $17.3M | $18.6M | ||
| Q3 24 | $17.6M | $19.7M | ||
| Q2 24 | $18.6M | $14.8M | ||
| Q1 24 | $19.8M | $20.1M |
| Q4 25 | $-262.0K | $-2.0M | ||
| Q3 25 | $1.1M | $-3.2M | ||
| Q2 25 | $-613.0K | $-2.4M | ||
| Q1 25 | $-1.6M | $-6.4M | ||
| Q4 24 | $2.1M | $-435.3K | ||
| Q3 24 | $997.0K | $-424.3K | ||
| Q2 24 | $27.0K | $-277.8K | ||
| Q1 24 | $1.5M | $-1.5M |
| Q4 25 | 24.7% | — | ||
| Q3 25 | 27.6% | 57.9% | ||
| Q2 25 | 26.5% | 59.8% | ||
| Q1 25 | 26.2% | 99.3% | ||
| Q4 24 | 28.5% | — | ||
| Q3 24 | 28.3% | 50.2% | ||
| Q2 24 | 27.1% | 52.3% | ||
| Q1 24 | 31.6% | — |
| Q4 25 | -2.4% | -11.8% | ||
| Q3 25 | 5.5% | -8.3% | ||
| Q2 25 | -2.4% | -15.8% | ||
| Q1 25 | -9.7% | -153.8% | ||
| Q4 24 | 12.8% | -6.0% | ||
| Q3 24 | 5.0% | -15.2% | ||
| Q2 24 | 2.4% | -18.0% | ||
| Q1 24 | 7.8% | -20.1% |
| Q4 25 | -2.0% | -10.8% | ||
| Q3 25 | 5.5% | -13.5% | ||
| Q2 25 | -3.5% | -13.3% | ||
| Q1 25 | -9.2% | -72.4% | ||
| Q4 24 | 12.2% | -2.3% | ||
| Q3 24 | 5.7% | -2.2% | ||
| Q2 24 | 0.1% | -1.9% | ||
| Q1 24 | 7.4% | -7.6% |
| Q4 25 | — | — | ||
| Q3 25 | $0.06 | — | ||
| Q2 25 | $-0.03 | — | ||
| Q1 25 | $-0.09 | $-0.48 | ||
| Q4 24 | $0.12 | $1.11 | ||
| Q3 24 | $0.05 | $-0.08 | ||
| Q2 24 | $0.00 | $0.03 | ||
| Q1 24 | $0.08 | $-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 | $7.5M | $6.1M |
| Total DebtLower is stronger | $7.9M | $79.1K |
| Stockholders' EquityBook value | $66.7M | $5.3M |
| Total Assets | $83.1M | $56.9M |
| Debt / EquityLower = less leverage | 0.12× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.5M | $6.1M | ||
| Q3 25 | $10.3M | $3.9M | ||
| Q2 25 | $12.2M | $68.7K | ||
| Q1 25 | $9.0M | $2.9M | ||
| Q4 24 | $9.0M | $5.6M | ||
| Q3 24 | $12.4M | $4.3M | ||
| Q2 24 | $11.5M | $5.3M | ||
| Q1 24 | $8.3M | — |
| Q4 25 | $7.9M | $79.1K | ||
| Q3 25 | $8.3M | $84.6K | ||
| Q2 25 | $7.6M | $642.8K | ||
| Q1 25 | $8.3M | $715.4K | ||
| Q4 24 | $8.9M | $787.7K | ||
| Q3 24 | $9.3M | $858.6K | ||
| Q2 24 | $8.6M | $1.6M | ||
| Q1 24 | $9.1M | $748.8K |
| Q4 25 | $66.7M | $5.3M | ||
| Q3 25 | $66.7M | $-1.7M | ||
| Q2 25 | $65.5M | $-59.4M | ||
| Q1 25 | $65.9M | $-23.1M | ||
| Q4 24 | $67.0M | $-88.9M | ||
| Q3 24 | $65.4M | $-39.3M | ||
| Q2 24 | $63.7M | $-53.0M | ||
| Q1 24 | $63.2M | $-173.0M |
| Q4 25 | $83.1M | $56.9M | ||
| Q3 25 | $87.1M | $58.5M | ||
| Q2 25 | $83.2M | $46.2M | ||
| Q1 25 | $83.1M | $47.4M | ||
| Q4 24 | $85.6M | $61.0M | ||
| Q3 24 | $89.3M | $47.1M | ||
| Q2 24 | $82.6M | $49.1M | ||
| Q1 24 | $80.6M | $50.1M |
| Q4 25 | 0.12× | 0.01× | ||
| 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 | $2.4M |
| Free Cash FlowOCF − Capex | $-2.5M | $2.3M |
| FCF MarginFCF / Revenue | -18.6% | 12.2% |
| Capex IntensityCapex / Revenue | 23.7% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $462.0K | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $669.0K | $2.4M | ||
| Q3 25 | $2.4M | $-6.6M | ||
| Q2 25 | $4.5M | $-2.3M | ||
| Q1 25 | $1.0M | $-2.3M | ||
| Q4 24 | $2.2M | $3.5M | ||
| Q3 24 | $2.6M | $162.2K | ||
| Q2 24 | $5.0M | $-2.2M | ||
| Q1 24 | $3.9M | $-10.2M |
| Q4 25 | $-2.5M | $2.3M | ||
| Q3 25 | $-1.5M | $-6.8M | ||
| Q2 25 | $3.9M | $-2.7M | ||
| Q1 25 | $538.0K | $-2.6M | ||
| Q4 24 | $-3.4M | $3.4M | ||
| Q3 24 | $1.2M | $116.5K | ||
| Q2 24 | $3.7M | $-2.3M | ||
| Q1 24 | $3.1M | $-10.4M |
| Q4 25 | -18.6% | 12.2% | ||
| Q3 25 | -7.3% | -28.6% | ||
| Q2 25 | 22.4% | -15.0% | ||
| Q1 25 | 3.1% | -30.0% | ||
| Q4 24 | -19.7% | 18.2% | ||
| Q3 24 | 7.1% | 0.6% | ||
| Q2 24 | 19.7% | -15.6% | ||
| Q1 24 | 15.5% | -51.5% |
| Q4 25 | 23.7% | 0.9% | ||
| Q3 25 | 19.1% | 1.0% | ||
| Q2 25 | 3.7% | 2.4% | ||
| Q1 25 | 2.8% | 4.2% | ||
| Q4 24 | 32.3% | 0.5% | ||
| Q3 24 | 7.4% | 0.2% | ||
| Q2 24 | 7.4% | 0.7% | ||
| Q1 24 | 4.4% | 1.1% |
| 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% |
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
