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Eton Pharmaceuticals vs Zevra Therapeutics

Zevra Therapeutics is the larger business, with $106m of revenue in fiscal 2025 against $80.0m for Eton Pharmaceuticals (1.3 times as much). Zevra Therapeutics grew faster (350.9% against 104.9%). Zevra Therapeutics kept more of each dollar of sales as profit: a net margin of 78.2% against -5.8%. Zevra Therapeutics carries less debt relative to equity (41.1% against 116.8%).

Latest fiscal yearEton PharmaceuticalsETON, 2025Zevra TherapeuticsZVRA, 2025
Revenue $80.0m $106m
Revenue growth 104.9% 350.9%
Net income −$4.6m $83.2m
Operating margin -1.1% -59.1%
Net margin -5.8% 78.2%
Return on equity -18.2% 85.7%
Free cash flow $10.2m −$2.4m
Cash $25.9m $62.4m
Total debt $30.6m $63.6m
Debt to equity 116.8% 41.1%
Dividend per share — —
Dividend yield — —
Share buybacks — —
Employees 44 61
Market value $1.44bn $604m
Price vs our value range Above our value range —
Moat score 35 (Weak) 11 (Weak)
Insider trades, 12 months 0 buys, 29 sales 0 buys, 13 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

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Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.