Battalion OIL vs Evolution Petroleum
Battalion OIL is the larger business, with $166m of revenue in fiscal 2025 against $86.3m for Evolution Petroleum (1.9 times as much). Evolution Petroleum grew faster (0.6% against -14.4%). Battalion OIL kept more of each dollar of sales as profit: a net margin of 7.2% against -2.8%.
| Latest fiscal year | Battalion OILBATL, 2025 | Evolution PetroleumEPM, 2026 |
|---|---|---|
| Revenue | $166m | $86.3m |
| Revenue growth | -14.4% | 0.6% |
| Net income | $11.9m | −$2.4m |
| Operating margin | -4.0% | 4.0% |
| Net margin | 7.2% | -2.8% |
| Return on equity | — | -3.7% |
| Free cash flow | $39.1m | $530,000 |
| Cash | $28.0m | $6.1m |
| Total debt | $208m | $56.5m |
| Debt to equity | — | 93.5% |
| Dividend per share | — | — |
| Dividend yield | — | 13.1% |
| Share buybacks | — | $225,000 |
| Employees | 40 | — |
| Market value | $32.1m | $131m |
| Price vs our value range | — | Within our value range |
| Moat score | 43 (Weak) | 65 (Moderate) |
| Insider trades, 12 months | 2 buys, 12 sales | 0 buys, 0 sales |