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Side-by-side financial comparison of ALUMIS INC. (ALMS) and mF International Ltd (MFI). Click either name above to swap in a different company.

ALUMIS INC. is the larger business by last-quarter revenue ($2.7M vs $1.9M, roughly 1.4× mF International Ltd). ALUMIS INC. runs the higher net margin — 2225.1% vs -90.9%, a 2316.0% gap on every dollar of revenue. mF International Ltd produced more free cash flow last quarter ($-339.2K vs $-107.0M).

ALUMIS INC. is a clinical-stage biopharmaceutical company focused on developing innovative targeted therapies for patients suffering from autoimmune and inflammatory disorders. It advances multiple product candidates through clinical trials, aiming to address unmet medical needs for patient populations across global markets.

MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity prob...

ALMS vs MFI — Head-to-Head

Bigger by revenue
ALMS
ALMS
1.4× larger
ALMS
$2.7M
$1.9M
MFI
Higher net margin
ALMS
ALMS
2316.0% more per $
ALMS
2225.1%
-90.9%
MFI
More free cash flow
MFI
MFI
$106.6M more FCF
MFI
$-339.2K
$-107.0M
ALMS

Income Statement — Q2 FY2025 vs Q2 FY2025

Metric
ALMS
ALMS
MFI
MFI
Revenue
$2.7M
$1.9M
Net Profit
$59.3M
$-1.7M
Gross Margin
35.5%
Operating Margin
-5271.5%
-93.4%
Net Margin
2225.1%
-90.9%
Revenue YoY
20.2%
Net Profit YoY
205.0%
-145.6%
EPS (diluted)
$0.77

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
ALMS
ALMS
MFI
MFI
Q2 25
$2.7M
$1.9M
Q1 25
$17.4M
Q2 24
$1.6M
Net Profit
ALMS
ALMS
MFI
MFI
Q2 25
$59.3M
$-1.7M
Q1 25
$-99.0M
Q2 24
$-710.3K
Gross Margin
ALMS
ALMS
MFI
MFI
Q2 25
35.5%
Q1 25
Q2 24
42.4%
Operating Margin
ALMS
ALMS
MFI
MFI
Q2 25
-5271.5%
-93.4%
Q1 25
-583.9%
Q2 24
-50.7%
Net Margin
ALMS
ALMS
MFI
MFI
Q2 25
2225.1%
-90.9%
Q1 25
-569.1%
Q2 24
-44.5%
EPS (diluted)
ALMS
ALMS
MFI
MFI
Q2 25
$0.77
Q1 25
$-1.82
Q2 24
$-0.06

Balance Sheet & Financial Strength

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

Metric
ALMS
ALMS
MFI
MFI
Cash + ST InvestmentsLiquidity on hand
$486.3M
$1.6M
Total DebtLower is stronger
$518.6K
Stockholders' EquityBook value
$485.3M
$2.8M
Total Assets
$610.9M
$5.6M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ALMS
ALMS
MFI
MFI
Q2 25
$486.3M
$1.6M
Q1 25
$208.7M
Q2 24
$3.9M
Total Debt
ALMS
ALMS
MFI
MFI
Q2 25
$518.6K
Q1 25
Q2 24
$1.0M
Stockholders' Equity
ALMS
ALMS
MFI
MFI
Q2 25
$485.3M
$2.8M
Q1 25
$168.3M
Q2 24
$6.5M
Total Assets
ALMS
ALMS
MFI
MFI
Q2 25
$610.9M
$5.6M
Q1 25
$261.3M
Q2 24
$9.3M
Debt / Equity
ALMS
ALMS
MFI
MFI
Q2 25
0.18×
Q1 25
Q2 24
0.16×

Cash Flow & Capital Efficiency

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

Metric
ALMS
ALMS
MFI
MFI
Operating Cash FlowLast quarter
$-106.4M
$-335.3K
Free Cash FlowOCF − Capex
$-107.0M
$-339.2K
FCF MarginFCF / Revenue
-4012.3%
-17.7%
Capex IntensityCapex / Revenue
23.1%
0.2%
Cash ConversionOCF / Net Profit
-1.79×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ALMS
ALMS
MFI
MFI
Q2 25
$-106.4M
$-335.3K
Q1 25
$-80.4M
Q2 24
$-2.3M
Free Cash Flow
ALMS
ALMS
MFI
MFI
Q2 25
$-107.0M
$-339.2K
Q1 25
$-80.4M
Q2 24
$-2.3M
FCF Margin
ALMS
ALMS
MFI
MFI
Q2 25
-4012.3%
-17.7%
Q1 25
-462.3%
Q2 24
-142.0%
Capex Intensity
ALMS
ALMS
MFI
MFI
Q2 25
23.1%
0.2%
Q1 25
0.2%
Q2 24
0.1%
Cash Conversion
ALMS
ALMS
MFI
MFI
Q2 25
-1.79×
Q1 25
Q2 24

Financial Flow Comparison

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

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