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Side-by-side financial comparison of W&T OFFSHORE INC (WTI) and ZIPRECRUITER, INC. (ZIP). Click either name above to swap in a different company.

W&T OFFSHORE INC is the larger business by last-quarter revenue ($121.7M vs $111.7M, roughly 1.1× ZIPRECRUITER, INC.). ZIPRECRUITER, INC. runs the higher net margin — -0.7% vs -22.3%, a 21.5% gap on every dollar of revenue. On growth, W&T OFFSHORE INC posted the faster year-over-year revenue change (1.1% vs 0.6%). Over the past eight quarters, ZIPRECRUITER, INC.'s revenue compounded faster (-4.4% CAGR vs -7.0%).

Edison Chouest Offshore (ECO), which started as Edison Chouest Boat Rentals in 1960, is a family of companies in the marine transportation business based in Cut Off, Louisiana. ECO owns and operates a fleet of platform supply vessels, Subsea Construction / IMR vessels, a Riserless Light Well Intervention vessel, Anchor handling tug supply vessels, Oil Spill Response Vessels, and Well Stimulation Vessels, as well as an independently owned fleet of Research Vessels and Ice Breakers.

WTI vs ZIP — Head-to-Head

Bigger by revenue
WTI
WTI
1.1× larger
WTI
$121.7M
$111.7M
ZIP
Growing faster (revenue YoY)
WTI
WTI
+0.5% gap
WTI
1.1%
0.6%
ZIP
Higher net margin
ZIP
ZIP
21.5% more per $
ZIP
-0.7%
-22.3%
WTI
Faster 2-yr revenue CAGR
ZIP
ZIP
Annualised
ZIP
-4.4%
-7.0%
WTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
WTI
WTI
ZIP
ZIP
Revenue
$121.7M
$111.7M
Net Profit
$-27.1M
$-835.0K
Gross Margin
89.1%
Operating Margin
-15.7%
3.6%
Net Margin
-22.3%
-0.7%
Revenue YoY
1.1%
0.6%
Net Profit YoY
-16.1%
92.3%
EPS (diluted)
$-0.18
$-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
WTI
WTI
ZIP
ZIP
Q4 25
$121.7M
$111.7M
Q3 25
$127.5M
$115.0M
Q2 25
$122.4M
$112.2M
Q1 25
$129.9M
$110.1M
Q4 24
$120.3M
$111.0M
Q3 24
$121.4M
$117.1M
Q2 24
$142.8M
$123.7M
Q1 24
$140.8M
$122.2M
Net Profit
WTI
WTI
ZIP
ZIP
Q4 25
$-27.1M
$-835.0K
Q3 25
$-71.5M
$-9.8M
Q2 25
$-20.9M
$-9.5M
Q1 25
$-30.6M
$-12.8M
Q4 24
$-23.4M
$-10.8M
Q3 24
$-36.9M
$-2.6M
Q2 24
$-15.4M
$7.0M
Q1 24
$-11.5M
$-6.5M
Gross Margin
WTI
WTI
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
WTI
WTI
ZIP
ZIP
Q4 25
-15.7%
3.6%
Q3 25
-9.9%
-4.4%
Q2 25
-10.5%
-5.9%
Q1 25
-6.3%
-10.6%
Q4 24
-14.1%
-3.6%
Q3 24
-15.6%
-2.8%
Q2 24
-4.4%
7.6%
Q1 24
-0.0%
-0.7%
Net Margin
WTI
WTI
ZIP
ZIP
Q4 25
-22.3%
-0.7%
Q3 25
-56.1%
-8.5%
Q2 25
-17.1%
-8.5%
Q1 25
-23.5%
-11.7%
Q4 24
-19.4%
-9.7%
Q3 24
-30.4%
-2.2%
Q2 24
-10.8%
5.7%
Q1 24
-8.1%
-5.3%
EPS (diluted)
WTI
WTI
ZIP
ZIP
Q4 25
$-0.18
$-0.03
Q3 25
$-0.48
$-0.11
Q2 25
$-0.14
$-0.10
Q1 25
$-0.21
$-0.13
Q4 24
$-0.16
$-0.10
Q3 24
$-0.25
$-0.03
Q2 24
$-0.10
$0.07
Q1 24
$-0.08
$-0.07

Balance Sheet & Financial Strength

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

Metric
WTI
WTI
ZIP
ZIP
Cash + ST InvestmentsLiquidity on hand
$140.6M
$188.0M
Total DebtLower is stronger
$350.8M
Stockholders' EquityBook value
$-199.8M
$-77.2M
Total Assets
$955.8M
$569.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
WTI
WTI
ZIP
ZIP
Q4 25
$140.6M
$188.0M
Q3 25
$124.8M
$211.8M
Q2 25
$120.7M
$203.5M
Q1 25
$105.9M
$221.1M
Q4 24
$109.0M
$218.4M
Q3 24
$126.5M
$225.6M
Q2 24
$123.4M
$271.7M
Q1 24
$94.8M
$282.5M
Total Debt
WTI
WTI
ZIP
ZIP
Q4 25
$350.8M
Q3 25
$350.4M
Q2 25
$350.1M
Q1 25
$350.0M
Q4 24
$393.2M
Q3 24
$392.6M
Q2 24
$391.9M
Q1 24
$391.2M
Stockholders' Equity
WTI
WTI
ZIP
ZIP
Q4 25
$-199.8M
$-77.2M
Q3 25
$-172.5M
$-76.1M
Q2 25
$-102.7M
$-65.9M
Q1 25
$-82.8M
$-11.3M
Q4 24
$-52.6M
$13.4M
Q3 24
$-31.5M
$13.6M
Q2 24
$5.0M
$24.4M
Q1 24
$20.8M
$12.7M
Total Assets
WTI
WTI
ZIP
ZIP
Q4 25
$955.8M
$569.7M
Q3 25
$960.6M
$573.6M
Q2 25
$1.0B
$592.4M
Q1 25
$1.0B
$629.4M
Q4 24
$1.1B
$664.1M
Q3 24
$1.1B
$652.0M
Q2 24
$1.1B
$665.3M
Q1 24
$1.1B
$662.4M
Debt / Equity
WTI
WTI
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
78.30×
Q1 24
18.85×

Cash Flow & Capital Efficiency

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

Metric
WTI
WTI
ZIP
ZIP
Operating Cash FlowLast quarter
$25.9M
$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
WTI
WTI
ZIP
ZIP
Q4 25
$25.9M
$7.7M
Q3 25
$26.5M
$2.6M
Q2 25
$28.0M
$10.5M
Q1 25
$-3.2M
$-9.9M
Q4 24
$-4.3M
$12.5M
Q3 24
$14.8M
$9.3M
Q2 24
$37.4M
$21.9M
Q1 24
$11.6M
$2.0M
Free Cash Flow
WTI
WTI
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
WTI
WTI
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
WTI
WTI
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
WTI
WTI
ZIP
ZIP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
3.12×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

WTI
WTI

Oil And Condensate$76.0M62%
Natural Gas Production$36.6M30%
Natural Gas Liquids Reserves$6.9M6%
Other$2.2M2%

ZIP
ZIP

License$84.3M75%
Services$27.4M25%

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