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Side-by-side financial comparison of TXO Partners, L.P. (TXO) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

ZIPRECRUITER, INC. is the larger business by last-quarter revenue ($111.7M vs $103.7M, roughly 1.1× TXO Partners, L.P.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -27.2%, a 26.5% gap on every dollar of revenue. On growth, TXO Partners, L.P. posted the faster year-over-year revenue change (14.5% vs 0.6%). Over the past eight quarters, TXO Partners, L.P.'s revenue compounded faster (23.1% CAGR vs -4.4%).

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.

TXO vs ZIP — Head-to-Head

Bigger by revenue
ZIP
ZIP
1.1× larger
ZIP
$111.7M
$103.7M
TXO
Growing faster (revenue YoY)
TXO
TXO
+13.9% gap
TXO
14.5%
0.6%
ZIP
Higher net margin
ZIP
ZIP
26.5% more per $
ZIP
-0.7%
-27.2%
TXO
Faster 2-yr revenue CAGR
TXO
TXO
Annualised
TXO
23.1%
-4.4%
ZIP

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
TXO
TXO
ZIP
ZIP
Revenue
$103.7M
$111.7M
Net Profit
$-28.3M
$-835.0K
Gross Margin
89.1%
Operating Margin
-26.1%
3.6%
Net Margin
-27.2%
-0.7%
Revenue YoY
14.5%
0.6%
Net Profit YoY
-376.5%
92.3%
EPS (diluted)
$-0.57
$-0.03

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
TXO
TXO
ZIP
ZIP
Q4 25
$103.7M
$111.7M
Q3 25
$90.6M
$115.0M
Q2 25
$75.0M
$112.2M
Q1 25
$93.8M
$110.1M
Q4 24
$90.6M
$111.0M
Q3 24
$69.3M
$117.1M
Q2 24
$57.0M
$123.7M
Q1 24
$68.5M
$122.2M
Net Profit
TXO
TXO
ZIP
ZIP
Q4 25
$-28.3M
$-835.0K
Q3 25
$4.4M
$-9.8M
Q2 25
$-135.0K
$-9.5M
Q1 25
$2.4M
$-12.8M
Q4 24
$10.2M
$-10.8M
Q3 24
$203.0K
$-2.6M
Q2 24
$2.8M
$7.0M
Q1 24
$10.3M
$-6.5M
Gross Margin
TXO
TXO
ZIP
ZIP
Q4 25
89.1%
Q3 25
89.1%
Q2 25
89.3%
Q1 25
89.4%
Q4 24
89.6%
Q3 24
89.4%
Q2 24
89.5%
Q1 24
89.1%
Operating Margin
TXO
TXO
ZIP
ZIP
Q4 25
-26.1%
3.6%
Q3 25
4.2%
-4.4%
Q2 25
-5.0%
-5.9%
Q1 25
-3.8%
-10.6%
Q4 24
6.1%
-3.6%
Q3 24
-7.2%
-2.8%
Q2 24
-17.7%
7.6%
Q1 24
3.9%
-0.7%
Net Margin
TXO
TXO
ZIP
ZIP
Q4 25
-27.2%
-0.7%
Q3 25
4.8%
-8.5%
Q2 25
-0.2%
-8.5%
Q1 25
2.6%
-11.7%
Q4 24
11.3%
-9.7%
Q3 24
0.3%
-2.2%
Q2 24
4.9%
5.7%
Q1 24
15.0%
-5.3%
EPS (diluted)
TXO
TXO
ZIP
ZIP
Q4 25
$-0.57
$-0.03
Q3 25
$0.08
$-0.11
Q2 25
$0.00
$-0.10
Q1 25
$0.06
$-0.13
Q4 24
$0.22
$-0.10
Q3 24
$0.01
$-0.03
Q2 24
$0.09
$0.07
Q1 24
$0.33
$-0.07

Balance Sheet & Financial Strength

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

Metric
TXO
TXO
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$9.4M
$188.0M
Total DebtLower is stronger
$291.1M
Stockholders' EquityBook value
$-77.2M
Total Assets
$1.4B
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TXO
TXO
ZIP
ZIP
Q4 25
$9.4M
$188.0M
Q3 25
$5.3M
$211.8M
Q2 25
$8.0M
$203.5M
Q1 25
$10.8M
$221.1M
Q4 24
$7.3M
$218.4M
Q3 24
$3.8M
$225.6M
Q2 24
$76.0M
$271.7M
Q1 24
$4.6M
$282.5M
Total Debt
TXO
TXO
ZIP
ZIP
Q4 25
$291.1M
Q3 25
$271.1M
Q2 25
$19.1M
Q1 25
$162.1M
Q4 24
$157.1M
Q3 24
$155.1M
Q2 24
$7.1M
Q1 24
$26.1M
Stockholders' Equity
TXO
TXO
ZIP
ZIP
Q4 25
$-77.2M
Q3 25
$-76.1M
Q2 25
$-65.9M
Q1 25
$-11.3M
Q4 24
$13.4M
Q3 24
$13.6M
Q2 24
$24.4M
Q1 24
$12.7M
Total Assets
TXO
TXO
ZIP
ZIP
Q4 25
$1.4B
$569.7M
Q3 25
$1.4B
$573.6M
Q2 25
$1.0B
$592.4M
Q1 25
$1.0B
$629.4M
Q4 24
$1.0B
$664.1M
Q3 24
$1.0B
$652.0M
Q2 24
$774.5M
$665.3M
Q1 24
$688.2M
$662.4M

Cash Flow & Capital Efficiency

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

Metric
TXO
TXO
ZIP
ZIP
Operating Cash FlowLast quarter
$32.5M
$7.7M
Free Cash FlowOCF − Capex
$7.6M
FCF MarginFCF / Revenue
6.8%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TXO
TXO
ZIP
ZIP
Q4 25
$32.5M
$7.7M
Q3 25
$28.3M
$2.6M
Q2 25
$26.9M
$10.5M
Q1 25
$30.6M
$-9.9M
Q4 24
$40.5M
$12.5M
Q3 24
$20.7M
$9.3M
Q2 24
$22.9M
$21.9M
Q1 24
$25.2M
$2.0M
Free Cash Flow
TXO
TXO
ZIP
ZIP
Q4 25
$7.6M
Q3 25
$2.2M
Q2 25
$10.2M
Q1 25
$-10.2M
Q4 24
$12.0M
Q3 24
$9.2M
Q2 24
$21.7M
Q1 24
$1.9M
FCF Margin
TXO
TXO
ZIP
ZIP
Q4 25
6.8%
Q3 25
1.9%
Q2 25
9.1%
Q1 25
-9.3%
Q4 24
10.8%
Q3 24
7.8%
Q2 24
17.6%
Q1 24
1.6%
Capex Intensity
TXO
TXO
ZIP
ZIP
Q4 25
0.1%
Q3 25
0.3%
Q2 25
0.3%
Q1 25
0.3%
Q4 24
0.4%
Q3 24
0.2%
Q2 24
0.1%
Q1 24
0.1%
Cash Conversion
TXO
TXO
ZIP
ZIP
Q4 25
Q3 25
6.50×
Q2 25
Q1 25
12.67×
Q4 24
3.96×
Q3 24
102.02×
Q2 24
8.15×
3.12×
Q1 24
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

TXO
TXO

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

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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