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Side-by-side financial comparison of Kartoon Studios, Inc. (TOON) 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 $9.7M, roughly 1.9× Kartoon Studios, Inc.). Zeo Energy Corp. runs the higher net margin — -10.8% vs -54.4%, a 43.6% gap on every dollar of revenue. On growth, Kartoon Studios, Inc. posted the faster year-over-year revenue change (2.9% vs -0.4%). Zeo Energy Corp. produced more free cash flow last quarter ($2.3M vs $346.0K). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% CAGR vs -4.0%).
Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.
TOON vs ZEO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $9.7M | $18.6M |
| Net Profit | $-5.3M | $-2.0M |
| Gross Margin | — | — |
| Operating Margin | -38.4% | -11.8% |
| Net Margin | -54.4% | -10.8% |
| Revenue YoY | 2.9% | -0.4% |
| Net Profit YoY | 8.5% | -360.9% |
| EPS (diluted) | $-0.08 | — |
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 | $9.7M | $18.6M | ||
| Q3 25 | $9.9M | $23.9M | ||
| Q2 25 | $10.3M | $18.1M | ||
| Q1 25 | $9.5M | $8.8M | ||
| Q4 24 | $9.4M | $18.6M | ||
| Q3 24 | $8.7M | $19.7M | ||
| Q2 24 | $8.4M | $14.8M | ||
| Q1 24 | $6.1M | $20.1M |
| Q4 25 | $-5.3M | $-2.0M | ||
| Q3 25 | $-6.6M | $-3.2M | ||
| Q2 25 | $-6.2M | $-2.4M | ||
| Q1 25 | $-6.5M | $-6.4M | ||
| Q4 24 | $-5.8M | $-435.3K | ||
| Q3 24 | $-2.1M | $-424.3K | ||
| Q2 24 | $-5.9M | $-277.8K | ||
| Q1 24 | $-7.0M | $-1.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 57.9% | ||
| Q2 25 | — | 59.8% | ||
| Q1 25 | — | 99.3% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 50.2% | ||
| Q2 24 | — | 52.3% | ||
| Q1 24 | — | — |
| Q4 25 | -38.4% | -11.8% | ||
| Q3 25 | -29.3% | -8.3% | ||
| Q2 25 | -31.3% | -15.8% | ||
| Q1 25 | -32.4% | -153.8% | ||
| Q4 24 | -37.1% | -6.0% | ||
| Q3 24 | -29.2% | -15.2% | ||
| Q2 24 | -55.6% | -18.0% | ||
| Q1 24 | -103.6% | -20.1% |
| Q4 25 | -54.4% | -10.8% | ||
| Q3 25 | -66.5% | -13.5% | ||
| Q2 25 | -60.0% | -13.3% | ||
| Q1 25 | -68.7% | -72.4% | ||
| Q4 24 | -61.2% | -2.3% | ||
| Q3 24 | -23.6% | -2.2% | ||
| Q2 24 | -70.1% | -1.9% | ||
| Q1 24 | -115.9% | -7.6% |
| Q4 25 | $-0.08 | — | ||
| Q3 25 | $-0.14 | — | ||
| Q2 25 | $-0.13 | — | ||
| Q1 25 | $-0.14 | $-0.48 | ||
| Q4 24 | $-0.14 | $1.11 | ||
| Q3 24 | $-0.05 | $-0.08 | ||
| Q2 24 | $-0.15 | $0.03 | ||
| Q1 24 | $-0.20 | $-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 | — | $6.1M |
| Total DebtLower is stronger | — | $79.1K |
| Stockholders' EquityBook value | $26.2M | $5.3M |
| Total Assets | $70.9M | $56.9M |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $6.1M | ||
| Q3 25 | — | $3.9M | ||
| Q2 25 | — | $68.7K | ||
| Q1 25 | — | $2.9M | ||
| Q4 24 | $100.0K | $5.6M | ||
| Q3 24 | — | $4.3M | ||
| Q2 24 | — | $5.3M | ||
| Q1 24 | — | — |
| Q4 25 | — | $79.1K | ||
| Q3 25 | — | $84.6K | ||
| Q2 25 | — | $642.8K | ||
| Q1 25 | — | $715.4K | ||
| Q4 24 | — | $787.7K | ||
| Q3 24 | — | $858.6K | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | — | $748.8K |
| Q4 25 | $26.2M | $5.3M | ||
| Q3 25 | $22.6M | $-1.7M | ||
| Q2 25 | $28.4M | $-59.4M | ||
| Q1 25 | $28.6M | $-23.1M | ||
| Q4 24 | $35.0M | $-88.9M | ||
| Q3 24 | $41.2M | $-39.3M | ||
| Q2 24 | $42.7M | $-53.0M | ||
| Q1 24 | $44.8M | $-173.0M |
| Q4 25 | $70.9M | $56.9M | ||
| Q3 25 | $66.7M | $58.5M | ||
| Q2 25 | $70.0M | $46.2M | ||
| Q1 25 | $71.7M | $47.4M | ||
| Q4 24 | $85.5M | $61.0M | ||
| Q3 24 | $87.3M | $47.1M | ||
| Q2 24 | $89.0M | $49.1M | ||
| Q1 24 | $93.3M | $50.1M |
| Q4 25 | — | 0.01× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $381.0K | $2.4M |
| Free Cash FlowOCF − Capex | $346.0K | $2.3M |
| FCF MarginFCF / Revenue | 3.6% | 12.2% |
| Capex IntensityCapex / Revenue | 0.4% | 0.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-11.6M | $-9.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $381.0K | $2.4M | ||
| Q3 25 | $-5.5M | $-6.6M | ||
| Q2 25 | $-4.5M | $-2.3M | ||
| Q1 25 | $-1.8M | $-2.3M | ||
| Q4 24 | $-2.4M | $3.5M | ||
| Q3 24 | $1.5M | $162.2K | ||
| Q2 24 | $-6.5M | $-2.2M | ||
| Q1 24 | $3.8M | $-10.2M |
| Q4 25 | $346.0K | $2.3M | ||
| Q3 25 | $-5.5M | $-6.8M | ||
| Q2 25 | $-4.5M | $-2.7M | ||
| Q1 25 | $-1.8M | $-2.6M | ||
| Q4 24 | $-2.4M | $3.4M | ||
| Q3 24 | $1.5M | $116.5K | ||
| Q2 24 | — | $-2.3M | ||
| Q1 24 | $3.8M | $-10.4M |
| Q4 25 | 3.6% | 12.2% | ||
| Q3 25 | -56.0% | -28.6% | ||
| Q2 25 | -44.1% | -15.0% | ||
| Q1 25 | -19.4% | -30.0% | ||
| Q4 24 | -25.6% | 18.2% | ||
| Q3 24 | 17.1% | 0.6% | ||
| Q2 24 | — | -15.6% | ||
| Q1 24 | 62.7% | -51.5% |
| Q4 25 | 0.4% | 0.9% | ||
| Q3 25 | 0.4% | 1.0% | ||
| Q2 25 | 0.6% | 2.4% | ||
| Q1 25 | 0.2% | 4.2% | ||
| Q4 24 | 0.5% | 0.5% | ||
| Q3 24 | 0.4% | 0.2% | ||
| Q2 24 | 0.0% | 0.7% | ||
| Q1 24 | 0.6% | 1.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TOON
| Other | $4.6M | 48% |
| CA | $2.8M | 29% |
| Content Distribution | $2.2M | 23% |
ZEO
| Nonrelated Party | $18.1M | 98% |
| Related Party | $432.1K | 2% |
