Empire Petroleum vs Evolution Petroleum
Evolution Petroleum is the larger business, with $86.3m of revenue in fiscal 2026 against $34.2m for Empire Petroleum (2.5 times as much). Evolution Petroleum grew faster (0.6% against -21.6%). Evolution Petroleum kept more of each dollar of sales as profit: a net margin of -2.8% against -210.7%.
| Latest fiscal year | Empire PetroleumEP, 2025 | Evolution PetroleumEPM, 2026 |
|---|---|---|
| Revenue | $34.2m | $86.3m |
| Revenue growth | -21.6% | 0.6% |
| Net income | −$72.1m | −$2.4m |
| Operating margin | — | 4.0% |
| Net margin | -210.7% | -2.8% |
| Return on equity | — | -3.7% |
| Free cash flow | −$4.0m | $530,000 |
| Cash | $1.2m | $6.1m |
| Total debt | $1.7m | $56.5m |
| Debt to equity | — | 93.5% |
| Dividend per share | — | — |
| Dividend yield | — | 13.1% |
| Share buybacks | — | $225,000 |
| Employees | 61 | — |
| Market value | $89.1m | $131m |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 28 (Weak) | 65 (Moderate) |
| Insider trades, 12 months | 21 buys, 3 sales | 0 buys, 0 sales |