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Side-by-side financial comparison of Star Equity Holdings, Inc. (STRR) and TXO Partners, L.P. (TXO). Click either name above to swap in a different company.

TXO Partners, L.P. is the larger business by last-quarter revenue ($103.7M vs $56.8M, roughly 1.8× Star Equity Holdings, Inc.). Star Equity Holdings, Inc. runs the higher net margin — -3.0% vs -27.2%, a 24.2% gap on every dollar of revenue. On growth, Star Equity Holdings, Inc. posted the faster year-over-year revenue change (69.0% vs 14.5%). Over the past eight quarters, Star Equity Holdings, Inc.'s revenue compounded faster (29.5% CAGR vs 23.1%).

Artists Equity is an American production company founded by actors and filmmakers Ben Affleck and Matt Damon in November 2022.

TXO Partners, L.P. is a U.S.-based energy sector master limited partnership. It acquires, develops and manages oil and natural gas assets across key North American production basins, with operations covering upstream exploration, production and midstream transportation, serving industrial, utility and wholesale energy clients.

STRR vs TXO — Head-to-Head

Bigger by revenue
TXO
TXO
1.8× larger
TXO
$103.7M
$56.8M
STRR
Growing faster (revenue YoY)
STRR
STRR
+54.6% gap
STRR
69.0%
14.5%
TXO
Higher net margin
STRR
STRR
24.2% more per $
STRR
-3.0%
-27.2%
TXO
Faster 2-yr revenue CAGR
STRR
STRR
Annualised
STRR
29.5%
23.1%
TXO

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STRR
STRR
TXO
TXO
Revenue
$56.8M
$103.7M
Net Profit
$-1.7M
$-28.3M
Gross Margin
Operating Margin
-0.2%
-26.1%
Net Margin
-3.0%
-27.2%
Revenue YoY
69.0%
14.5%
Net Profit YoY
-192.1%
-376.5%
EPS (diluted)
$-0.49
$-0.57

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
STRR
STRR
TXO
TXO
Q4 25
$56.8M
$103.7M
Q3 25
$48.0M
$90.6M
Q2 25
$35.5M
$75.0M
Q1 25
$31.9M
$93.8M
Q4 24
$33.6M
$90.6M
Q3 24
$36.9M
$69.3M
Q2 24
$35.7M
$57.0M
Q1 24
$33.9M
$68.5M
Net Profit
STRR
STRR
TXO
TXO
Q4 25
$-1.7M
$-28.3M
Q3 25
$-1.8M
$4.4M
Q2 25
$-688.0K
$-135.0K
Q1 25
$-1.8M
$2.4M
Q4 24
$-585.0K
$10.2M
Q3 24
$-846.0K
$203.0K
Q2 24
$-441.0K
$2.8M
Q1 24
$-2.9M
$10.3M
Gross Margin
STRR
STRR
TXO
TXO
Q4 25
Q3 25
43.0%
Q2 25
Q1 25
Q4 24
Q3 24
50.5%
Q2 24
Q1 24
Operating Margin
STRR
STRR
TXO
TXO
Q4 25
-0.2%
-26.1%
Q3 25
-3.4%
4.2%
Q2 25
-0.6%
-5.0%
Q1 25
-5.4%
-3.8%
Q4 24
-0.4%
6.1%
Q3 24
-1.2%
-7.2%
Q2 24
-0.5%
-17.7%
Q1 24
-9.0%
3.9%
Net Margin
STRR
STRR
TXO
TXO
Q4 25
-3.0%
-27.2%
Q3 25
-3.7%
4.8%
Q2 25
-1.9%
-0.2%
Q1 25
-5.5%
2.6%
Q4 24
-1.7%
11.3%
Q3 24
-2.3%
0.3%
Q2 24
-1.2%
4.9%
Q1 24
-8.6%
15.0%
EPS (diluted)
STRR
STRR
TXO
TXO
Q4 25
$-0.49
$-0.57
Q3 25
$-0.54
$0.08
Q2 25
$-0.23
$0.00
Q1 25
$-0.59
$0.06
Q4 24
$-0.21
$0.22
Q3 24
$-0.28
$0.01
Q2 24
$-0.15
$0.09
Q1 24
$-0.95
$0.33

Balance Sheet & Financial Strength

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

Metric
STRR
STRR
TXO
TXO
Cash + ST InvestmentsLiquidity on hand
$10.3M
$9.4M
Total DebtLower is stronger
$291.1M
Stockholders' EquityBook value
$65.7M
Total Assets
$113.2M
$1.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRR
STRR
TXO
TXO
Q4 25
$10.3M
$9.4M
Q3 25
$15.4M
$5.3M
Q2 25
$16.8M
$8.0M
Q1 25
$16.6M
$10.8M
Q4 24
$17.0M
$7.3M
Q3 24
$15.8M
$3.8M
Q2 24
$14.7M
$76.0M
Q1 24
$20.4M
$4.6M
Total Debt
STRR
STRR
TXO
TXO
Q4 25
$291.1M
Q3 25
$6.5M
$271.1M
Q2 25
$19.1M
Q1 25
$162.1M
Q4 24
$0
$157.1M
Q3 24
$155.1M
Q2 24
$7.1M
Q1 24
$26.1M
Stockholders' Equity
STRR
STRR
TXO
TXO
Q4 25
$65.7M
Q3 25
$67.8M
Q2 25
$40.1M
Q1 25
$39.5M
Q4 24
$40.4M
Q3 24
$42.9M
Q2 24
$42.6M
Q1 24
$44.3M
Total Assets
STRR
STRR
TXO
TXO
Q4 25
$113.2M
$1.4B
Q3 25
$117.1M
$1.4B
Q2 25
$55.6M
$1.0B
Q1 25
$53.2M
$1.0B
Q4 24
$52.6M
$1.0B
Q3 24
$52.6M
$1.0B
Q2 24
$52.6M
$774.5M
Q1 24
$52.6M
$688.2M
Debt / Equity
STRR
STRR
TXO
TXO
Q4 25
Q3 25
0.10×
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
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
STRR
STRR
TXO
TXO
Operating Cash FlowLast quarter
$-7.3M
$32.5M
Free Cash FlowOCF − Capex
$-9.0M
FCF MarginFCF / Revenue
-15.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRR
STRR
TXO
TXO
Q4 25
$-7.3M
$32.5M
Q3 25
$-2.7M
$28.3M
Q2 25
$139.0K
$26.9M
Q1 25
$-802.0K
$30.6M
Q4 24
$-2.8M
$40.5M
Q3 24
$1.3M
$20.7M
Q2 24
$-4.3M
$22.9M
Q1 24
$-1.8M
$25.2M
Free Cash Flow
STRR
STRR
TXO
TXO
Q4 25
$-9.0M
Q3 25
$-3.4M
Q2 25
$102.0K
Q1 25
$-808.0K
Q4 24
$-2.8M
Q3 24
$1.3M
Q2 24
$-4.3M
Q1 24
$-1.8M
FCF Margin
STRR
STRR
TXO
TXO
Q4 25
-15.8%
Q3 25
-7.0%
Q2 25
0.3%
Q1 25
-2.5%
Q4 24
-8.3%
Q3 24
3.4%
Q2 24
-12.0%
Q1 24
-5.3%
Capex Intensity
STRR
STRR
TXO
TXO
Q4 25
3.0%
Q3 25
1.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.1%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
STRR
STRR
TXO
TXO
Q4 25
Q3 25
6.50×
Q2 25
Q1 25
12.67×
Q4 24
3.96×
Q3 24
102.02×
Q2 24
8.15×
Q1 24
2.45×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

STRR
STRR

Revenue From Other Contracts With Customers$27.6M49%
Other$24.3M43%
Energy Services Segment$4.9M9%

TXO
TXO

Oil And Condensate$92.8M89%
Natural Gas Liquids Reserves$8.2M8%
Other$2.8M3%

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