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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $187.7M, roughly 2.0× MARTIN MIDSTREAM PARTNERS L.P.). ALLIANCE ENTERTAINMENT HOLDING CORP runs the higher net margin — 2.5% vs 1.7%, a 0.8% gap on every dollar of revenue. On growth, MARTIN MIDSTREAM PARTNERS L.P. posted the faster year-over-year revenue change (-2.5% vs -6.3%). MARTIN MIDSTREAM PARTNERS L.P. produced more free cash flow last quarter ($-6.0M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 0.8%).

Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

AENT vs MMLP — Head-to-Head

Bigger by revenue
AENT
AENT
2.0× larger
AENT
$368.7M
$187.7M
MMLP
Growing faster (revenue YoY)
MMLP
MMLP
+3.8% gap
MMLP
-2.5%
-6.3%
AENT
Higher net margin
AENT
AENT
0.8% more per $
AENT
2.5%
1.7%
MMLP
More free cash flow
MMLP
MMLP
$10.9M more FCF
MMLP
$-6.0M
$-16.9M
AENT
Faster 2-yr revenue CAGR
AENT
AENT
Annualised
AENT
32.1%
0.8%
MMLP

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
AENT
AENT
MMLP
MMLP
Revenue
$368.7M
$187.7M
Net Profit
$9.4M
$3.2M
Gross Margin
Operating Margin
4.7%
4.1%
Net Margin
2.5%
1.7%
Revenue YoY
-6.3%
-2.5%
Net Profit YoY
32.8%
-37.1%
EPS (diluted)
$0.18

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
AENT
AENT
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$368.7M
$174.2M
Q3 25
$254.0M
$168.7M
Q2 25
$227.8M
$180.7M
Q1 25
$213.0M
$192.5M
Q4 24
$393.7M
$171.3M
Q3 24
$229.0M
$170.9M
Q2 24
$236.9M
$184.5M
Net Profit
AENT
AENT
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$9.4M
$-2.9M
Q3 25
$4.9M
$-8.4M
Q2 25
$5.8M
$-2.4M
Q1 25
$1.9M
$-1.0M
Q4 24
$7.1M
$-8.9M
Q3 24
$397.0K
$-3.3M
Q2 24
$2.5M
$3.8M
Gross Margin
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
AENT
AENT
MMLP
MMLP
Q1 26
4.1%
Q4 25
4.7%
7.3%
Q3 25
4.2%
4.1%
Q2 25
4.3%
8.2%
Q1 25
1.7%
7.5%
Q4 24
3.8%
4.0%
Q3 24
0.9%
7.4%
Q2 24
0.2%
10.8%
Net Margin
AENT
AENT
MMLP
MMLP
Q1 26
1.7%
Q4 25
2.5%
-1.7%
Q3 25
1.9%
-5.0%
Q2 25
2.5%
-1.3%
Q1 25
0.9%
-0.5%
Q4 24
1.8%
-5.2%
Q3 24
0.2%
-1.9%
Q2 24
1.1%
2.0%
EPS (diluted)
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
$0.18
Q3 25
$0.10
Q2 25
$0.11
Q1 25
$0.04
Q4 24
$0.14
Q3 24
$0.01
Q2 24
$0.05

Balance Sheet & Financial Strength

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

Metric
AENT
AENT
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$117.6M
Total Assets
$434.1M
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$4.3M
Q2 24
$1.1M
Total Debt
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
$117.6M
Q3 25
$108.1M
Q2 25
$103.2M
Q1 25
$97.4M
Q4 24
$95.6M
Q3 24
$88.0M
Q2 24
$87.6M
Total Assets
AENT
AENT
MMLP
MMLP
Q1 26
$537.1M
Q4 25
$434.1M
$522.4M
Q3 25
$383.0M
$510.1M
Q2 25
$361.2M
$515.6M
Q1 25
$349.4M
$533.4M
Q4 24
$401.7M
$538.5M
Q3 24
$395.7M
$554.8M
Q2 24
$340.8M
$535.1M

Cash Flow & Capital Efficiency

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

Metric
AENT
AENT
MMLP
MMLP
Operating Cash FlowLast quarter
$-16.5M
Free Cash FlowOCF − Capex
$-16.9M
$-6.0M
FCF MarginFCF / Revenue
-4.6%
-3.2%
Capex IntensityCapex / Revenue
0.1%
1.6%
Cash ConversionOCF / Net Profit
-1.76×
TTM Free Cash FlowTrailing 4 quarters
$-1.4M
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
$-16.5M
$22.4M
Q3 25
$2.7M
$-1.2M
Q2 25
$10.7M
$30.9M
Q1 25
$2.5M
$-6.0M
Q4 24
$25.3M
$42.2M
Q3 24
$-11.6M
$-15.8M
Q2 24
$9.7M
$11.8M
Free Cash Flow
AENT
AENT
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$-16.9M
$15.6M
Q3 25
$2.4M
$-7.9M
Q2 25
$10.7M
$25.6M
Q1 25
$2.4M
$-11.9M
Q4 24
$34.2M
Q3 24
$-11.6M
$-25.6M
Q2 24
$-696.0K
FCF Margin
AENT
AENT
MMLP
MMLP
Q1 26
-3.2%
Q4 25
-4.6%
8.9%
Q3 25
0.9%
-4.7%
Q2 25
4.7%
14.2%
Q1 25
1.1%
-6.2%
Q4 24
20.0%
Q3 24
-5.1%
-15.0%
Q2 24
-0.4%
Capex Intensity
AENT
AENT
MMLP
MMLP
Q1 26
1.6%
Q4 25
0.1%
3.9%
Q3 25
0.1%
4.0%
Q2 25
0.0%
3.0%
Q1 25
0.0%
3.1%
Q4 24
0.0%
4.6%
Q3 24
0.0%
5.8%
Q2 24
6.8%
Cash Conversion
AENT
AENT
MMLP
MMLP
Q1 26
Q4 25
-1.76×
Q3 25
0.56×
Q2 25
1.86×
Q1 25
1.33×
Q4 24
3.57×
Q3 24
-29.31×
Q2 24
3.85×
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AENT
AENT

Segment breakdown not available.

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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