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Side-by-side financial comparison of Alector, Inc. (ALEC) and MARCHEX INC (MCHX). Click either name above to swap in a different company.

MARCHEX INC is the larger business by last-quarter revenue ($10.8M vs $6.2M, roughly 1.7× Alector, Inc.). On growth, MARCHEX INC posted the faster year-over-year revenue change (-9.0% vs -88.5%). Over the past eight quarters, MARCHEX INC's revenue compounded faster (-3.2% CAGR vs -37.4%).

Alector, Inc. is a clinical-stage biopharmaceutical company focused on developing innovative immunotherapies for neurodegenerative diseases. Its product pipeline targets unmet medical needs including Alzheimer’s disease, frontotemporal dementia, and Parkinson’s disease, and it collaborates with global pharmaceutical partners to advance candidate therapies through clinical trials.

Marchex Inc. is a U.S.-headquartered technology company focused on conversational analytics, call tracking, and digital marketing solutions for small and medium-sized businesses as well as enterprise clients across North America. Its core products help businesses optimize customer acquisition strategies, quantify marketing campaign performance, and improve customer engagement across voice and digital communication channels.

ALEC vs MCHX — Head-to-Head

Bigger by revenue
MCHX
MCHX
1.7× larger
MCHX
$10.8M
$6.2M
ALEC
Growing faster (revenue YoY)
MCHX
MCHX
+79.5% gap
MCHX
-9.0%
-88.5%
ALEC
Faster 2-yr revenue CAGR
MCHX
MCHX
Annualised
MCHX
-3.2%
-37.4%
ALEC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ALEC
ALEC
MCHX
MCHX
Revenue
$6.2M
$10.8M
Net Profit
$-2.3M
Gross Margin
61.6%
Operating Margin
-21.9%
Net Margin
-21.4%
Revenue YoY
-88.5%
-9.0%
Net Profit YoY
-1696.9%
-21.3%
EPS (diluted)
$-0.05

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
ALEC
ALEC
MCHX
MCHX
Q4 25
$6.2M
$10.8M
Q3 25
$3.3M
$11.5M
Q2 25
$7.9M
$11.7M
Q1 25
$3.7M
$11.4M
Q4 24
$54.2M
$11.9M
Q3 24
$15.3M
$12.6M
Q2 24
$15.1M
$12.1M
Q1 24
$15.9M
$11.6M
Net Profit
ALEC
ALEC
MCHX
MCHX
Q4 25
$-2.3M
Q3 25
$-34.7M
$-1.0M
Q2 25
$-30.5M
$84.0K
Q1 25
$-40.5M
$-2.0M
Q4 24
$-2.1M
$-1.9M
Q3 24
$-42.2M
$-831.0K
Q2 24
$-38.7M
$-756.0K
Q1 24
$-36.1M
$-1.4M
Gross Margin
ALEC
ALEC
MCHX
MCHX
Q4 25
61.6%
Q3 25
63.1%
Q2 25
65.1%
Q1 25
63.3%
Q4 24
63.2%
Q3 24
66.4%
Q2 24
65.6%
Q1 24
61.9%
Operating Margin
ALEC
ALEC
MCHX
MCHX
Q4 25
-21.9%
Q3 25
-1153.6%
-8.2%
Q2 25
-433.6%
-4.6%
Q1 25
-1216.5%
-16.4%
Q4 24
-13.4%
-13.3%
Q3 24
-315.7%
-6.6%
Q2 24
-302.4%
-6.0%
Q1 24
-275.0%
-11.3%
Net Margin
ALEC
ALEC
MCHX
MCHX
Q4 25
-21.4%
Q3 25
-1063.4%
-8.9%
Q2 25
-387.7%
0.7%
Q1 25
-1101.6%
-17.4%
Q4 24
-3.8%
-16.0%
Q3 24
-275.2%
-6.6%
Q2 24
-256.4%
-6.3%
Q1 24
-227.0%
-12.5%
EPS (diluted)
ALEC
ALEC
MCHX
MCHX
Q4 25
$-0.05
Q3 25
$-0.34
$-0.02
Q2 25
$-0.30
$0.00
Q1 25
$-0.41
$-0.05
Q4 24
$-0.02
$-0.04
Q3 24
$-0.43
$-0.02
Q2 24
$-0.40
$-0.02
Q1 24
$-0.38
$-0.03

Balance Sheet & Financial Strength

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

Metric
ALEC
ALEC
MCHX
MCHX
Cash + ST InvestmentsLiquidity on hand
$256.0M
$9.9M
Total DebtLower is stronger
$10.0M
Stockholders' EquityBook value
$30.6M
$30.1M
Total Assets
$293.2M
$39.7M
Debt / EquityLower = less leverage
0.33×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALEC
ALEC
MCHX
MCHX
Q4 25
$256.0M
$9.9M
Q3 25
$291.1M
$10.3M
Q2 25
$307.3M
$10.5M
Q1 25
$354.6M
$10.0M
Q4 24
$413.4M
$12.8M
Q3 24
$457.2M
$12.1M
Q2 24
$503.3M
$12.0M
Q1 24
$562.1M
$12.0M
Total Debt
ALEC
ALEC
MCHX
MCHX
Q4 25
$10.0M
Q3 25
Q2 25
Q1 25
Q4 24
$10.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ALEC
ALEC
MCHX
MCHX
Q4 25
$30.6M
$30.1M
Q3 25
$57.7M
$31.9M
Q2 25
$71.2M
$32.0M
Q1 25
$94.6M
$31.4M
Q4 24
$126.8M
$32.6M
Q3 24
$118.9M
$34.1M
Q2 24
$150.6M
$34.5M
Q1 24
$178.9M
$34.9M
Total Assets
ALEC
ALEC
MCHX
MCHX
Q4 25
$293.2M
$39.7M
Q3 25
$335.3M
$41.1M
Q2 25
$356.4M
$42.0M
Q1 25
$408.3M
$40.6M
Q4 24
$468.3M
$43.2M
Q3 24
$516.0M
$44.1M
Q2 24
$570.7M
$45.5M
Q1 24
$635.5M
$45.6M
Debt / Equity
ALEC
ALEC
MCHX
MCHX
Q4 25
0.33×
Q3 25
Q2 25
Q1 25
Q4 24
0.08×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
ALEC
ALEC
MCHX
MCHX
Operating Cash FlowLast quarter
$-184.0M
$121.0K
Free Cash FlowOCF − Capex
$-184.1M
FCF MarginFCF / Revenue
-2951.3%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-326.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALEC
ALEC
MCHX
MCHX
Q4 25
$-184.0M
$121.0K
Q3 25
$-32.5M
$290.0K
Q2 25
$-49.0M
$803.0K
Q1 25
$-60.8M
$-2.6M
Q4 24
$-55.0M
$875.0K
Q3 24
$-50.7M
$382.0K
Q2 24
$-62.8M
$117.0K
Q1 24
$-61.3M
$-2.5M
Free Cash Flow
ALEC
ALEC
MCHX
MCHX
Q4 25
$-184.1M
Q3 25
$-32.5M
Q2 25
$-49.1M
Q1 25
$-60.8M
Q4 24
$-55.2M
$757.0K
Q3 24
$-50.9M
$199.0K
Q2 24
$-63.1M
$40.0K
Q1 24
$-61.9M
$-2.5M
FCF Margin
ALEC
ALEC
MCHX
MCHX
Q4 25
-2951.3%
Q3 25
-997.6%
Q2 25
-623.0%
Q1 25
-1655.0%
Q4 24
-101.8%
6.3%
Q3 24
-332.1%
1.6%
Q2 24
-418.6%
0.3%
Q1 24
-389.3%
-21.4%
Capex Intensity
ALEC
ALEC
MCHX
MCHX
Q4 25
0.7%
Q3 25
0.3%
0.0%
Q2 25
0.1%
Q1 25
0.5%
Q4 24
0.3%
1.0%
Q3 24
1.4%
1.5%
Q2 24
2.2%
0.6%
Q1 24
3.4%
0.0%
Cash Conversion
ALEC
ALEC
MCHX
MCHX
Q4 25
Q3 25
Q2 25
9.56×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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