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Side-by-side financial comparison of Ategrity Specialty Insurance Co Holdings (ASIC) and MIMEDX GROUP, INC. (MDXG). Click either name above to swap in a different company.

MIMEDX GROUP, INC. is the larger business by last-quarter revenue ($118.1M vs $116.1M, roughly 1.0× Ategrity Specialty Insurance Co Holdings). Ategrity Specialty Insurance Co Holdings runs the higher net margin — 19.5% vs 12.9%, a 6.7% gap on every dollar of revenue.

Ategrity Specialty Insurance Co Holdings is a specialty insurance holding company that provides commercial property and casualty insurance solutions. It primarily focuses on excess and surplus lines coverage, serving niche segments including construction, healthcare, and small business markets across the United States, offering tailored policies for unique, hard-to-place risks that standard carriers do not typically cover.

MiMedx is an American biomedical company based in Marietta, Georgia, founded in 2008. Using tissues from birth such as the placenta, amniotic sac, and umbilical cord, MiMedx creates skin for skin grafts for medical use.

ASIC vs MDXG — Head-to-Head

Bigger by revenue
MDXG
MDXG
1.0× larger
MDXG
$118.1M
$116.1M
ASIC
Higher net margin
ASIC
ASIC
6.7% more per $
ASIC
19.5%
12.9%
MDXG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASIC
ASIC
MDXG
MDXG
Revenue
$116.1M
$118.1M
Net Profit
$22.7M
$15.2M
Gross Margin
83.9%
Operating Margin
25.6%
17.8%
Net Margin
19.5%
12.9%
Revenue YoY
27.1%
Net Profit YoY
104.2%
EPS (diluted)
$0.45
$0.10

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
ASIC
ASIC
MDXG
MDXG
Q4 25
$118.1M
Q3 25
$116.1M
$113.7M
Q2 25
$101.8M
$98.6M
Q1 25
$88.2M
Q4 24
$92.9M
Q3 24
$84.1M
Q2 24
$87.2M
Q1 24
$84.7M
Net Profit
ASIC
ASIC
MDXG
MDXG
Q4 25
$15.2M
Q3 25
$22.7M
$16.7M
Q2 25
$17.6M
$9.6M
Q1 25
$7.0M
Q4 24
$7.4M
Q3 24
$8.1M
Q2 24
$17.6M
Q1 24
$9.3M
Gross Margin
ASIC
ASIC
MDXG
MDXG
Q4 25
83.9%
Q3 25
83.5%
Q2 25
81.1%
Q1 25
81.2%
Q4 24
81.8%
Q3 24
81.8%
Q2 24
83.0%
Q1 24
84.7%
Operating Margin
ASIC
ASIC
MDXG
MDXG
Q4 25
17.8%
Q3 25
25.6%
19.5%
Q2 25
21.9%
12.5%
Q1 25
9.4%
Q4 24
11.9%
Q3 24
13.3%
Q2 24
26.9%
Q1 24
15.6%
Net Margin
ASIC
ASIC
MDXG
MDXG
Q4 25
12.9%
Q3 25
19.5%
14.7%
Q2 25
17.3%
9.8%
Q1 25
8.0%
Q4 24
8.0%
Q3 24
9.6%
Q2 24
20.2%
Q1 24
10.9%
EPS (diluted)
ASIC
ASIC
MDXG
MDXG
Q4 25
$0.10
Q3 25
$0.45
$0.11
Q2 25
$0.39
$0.06
Q1 25
$0.05
Q4 24
$0.05
Q3 24
$0.05
Q2 24
$0.12
Q1 24
$0.06

Balance Sheet & Financial Strength

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

Metric
ASIC
ASIC
MDXG
MDXG
Cash + ST InvestmentsLiquidity on hand
$34.3M
$166.1M
Total DebtLower is stronger
$18.0M
Stockholders' EquityBook value
$588.6M
$256.5M
Total Assets
$1.4B
$342.7M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASIC
ASIC
MDXG
MDXG
Q4 25
$166.1M
Q3 25
$34.3M
$142.1M
Q2 25
$23.5M
$118.9M
Q1 25
$106.4M
Q4 24
$104.4M
Q3 24
$88.8M
Q2 24
$69.0M
Q1 24
$48.5M
Total Debt
ASIC
ASIC
MDXG
MDXG
Q4 25
$18.0M
Q3 25
Q2 25
Q1 25
Q4 24
$19.0M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASIC
ASIC
MDXG
MDXG
Q4 25
$256.5M
Q3 25
$588.6M
$238.9M
Q2 25
$559.7M
$216.6M
Q1 25
$202.8M
Q4 24
$193.1M
Q3 24
$181.0M
Q2 24
$168.0M
Q1 24
$155.7M
Total Assets
ASIC
ASIC
MDXG
MDXG
Q4 25
$342.7M
Q3 25
$1.4B
$319.0M
Q2 25
$1.4B
$291.1M
Q1 25
$270.4M
Q4 24
$263.9M
Q3 24
$243.9M
Q2 24
$230.2M
Q1 24
$221.7M
Debt / Equity
ASIC
ASIC
MDXG
MDXG
Q4 25
0.07×
Q3 25
Q2 25
Q1 25
Q4 24
0.10×
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
ASIC
ASIC
MDXG
MDXG
Operating Cash FlowLast quarter
$41.1M
$25.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.81×
1.64×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASIC
ASIC
MDXG
MDXG
Q4 25
$25.0M
Q3 25
$41.1M
$29.3M
Q2 25
$50.8M
$14.4M
Q1 25
$5.3M
Q4 24
$18.8M
Q3 24
$19.6M
Q2 24
$21.8M
Q1 24
$6.0M
Cash Conversion
ASIC
ASIC
MDXG
MDXG
Q4 25
1.64×
Q3 25
1.81×
1.75×
Q2 25
2.88×
1.50×
Q1 25
0.75×
Q4 24
2.53×
Q3 24
2.42×
Q2 24
1.24×
Q1 24
0.65×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASIC
ASIC

Segment breakdown not available.

MDXG
MDXG

Wound$78.7M67%
Surgical$39.4M33%

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