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Side-by-side financial comparison of ASP Isotopes Inc. (ASPI) and M-tron Industries, Inc. (MPTI). Click either name above to swap in a different company.

ASP Isotopes Inc. is the larger business by last-quarter revenue ($16.7M vs $14.2M, roughly 1.2× M-tron Industries, Inc.). On growth, ASP Isotopes Inc. posted the faster year-over-year revenue change (1295.7% vs 11.2%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $-47.4M).

ASP Isotopes Inc. is a specialty materials firm focused on developing and producing high-purity custom isotopes. Its products serve key sectors including nuclear medicine, targeted cancer therapies, advanced energy, and industrial research, with customers across North America, Europe and Asia Pacific.

M-tron Industries, Inc. designs, manufactures and markets high-performance frequency control and timing solutions including crystal oscillators, filters and integrated timing assemblies. Its products serve aerospace, defense, telecom, industrial automation and medical device segments, catering mainly to North American, European and Asian commercial and government clients.

ASPI vs MPTI — Head-to-Head

Bigger by revenue
ASPI
ASPI
1.2× larger
ASPI
$16.7M
$14.2M
MPTI
Growing faster (revenue YoY)
ASPI
ASPI
+1284.5% gap
ASPI
1295.7%
11.2%
MPTI
More free cash flow
MPTI
MPTI
$49.8M more FCF
MPTI
$2.3M
$-47.4M
ASPI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASPI
ASPI
MPTI
MPTI
Revenue
$16.7M
$14.2M
Net Profit
$3.4M
Gross Margin
12.5%
Operating Margin
27.3%
Net Margin
24.1%
Revenue YoY
1295.7%
11.2%
Net Profit YoY
-586.8%
60.1%
EPS (diluted)
$0.90

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
ASPI
ASPI
MPTI
MPTI
Q4 25
$16.7M
$14.2M
Q3 25
$4.9M
$14.2M
Q2 25
$13.3M
Q1 25
$12.7M
Q4 24
$12.8M
Q3 24
$13.2M
Q2 24
$11.8M
Q1 24
$11.2M
Net Profit
ASPI
ASPI
MPTI
MPTI
Q4 25
$3.4M
Q3 25
$-12.9M
$1.8M
Q2 25
$1.6M
Q1 25
$1.6M
Q4 24
$2.1M
Q3 24
$2.3M
Q2 24
$1.7M
Q1 24
$1.5M
Gross Margin
ASPI
ASPI
MPTI
MPTI
Q4 25
12.5%
Q3 25
8.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ASPI
ASPI
MPTI
MPTI
Q4 25
27.3%
Q3 25
-306.1%
18.0%
Q2 25
13.9%
Q1 25
15.8%
Q4 24
20.1%
Q3 24
22.1%
Q2 24
17.8%
Q1 24
16.0%
Net Margin
ASPI
ASPI
MPTI
MPTI
Q4 25
24.1%
Q3 25
-263.7%
12.9%
Q2 25
11.7%
Q1 25
12.8%
Q4 24
16.7%
Q3 24
17.2%
Q2 24
14.8%
Q1 24
13.3%
EPS (diluted)
ASPI
ASPI
MPTI
MPTI
Q4 25
$0.90
Q3 25
$-0.15
$0.63
Q2 25
$0.53
Q1 25
$0.56
Q4 24
$0.68
Q3 24
$0.81
Q2 24
$0.63
Q1 24
$0.53

Balance Sheet & Financial Strength

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

Metric
ASPI
ASPI
MPTI
MPTI
Cash + ST InvestmentsLiquidity on hand
$333.3M
$20.9M
Total DebtLower is stronger
$14.4M
Stockholders' EquityBook value
$204.2M
$63.2M
Total Assets
$498.0M
$68.4M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPI
ASPI
MPTI
MPTI
Q4 25
$333.3M
$20.9M
Q3 25
$113.9M
$18.3M
Q2 25
$15.5M
Q1 25
$13.7M
Q4 24
$12.6M
Q3 24
$8.5M
Q2 24
$6.5M
Q1 24
$5.4M
Total Debt
ASPI
ASPI
MPTI
MPTI
Q4 25
$14.4M
Q3 25
$13.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ASPI
ASPI
MPTI
MPTI
Q4 25
$204.2M
$63.2M
Q3 25
$74.1M
$37.0M
Q2 25
$34.8M
Q1 25
$33.2M
Q4 24
$31.3M
Q3 24
$26.2M
Q2 24
$23.7M
Q1 24
$21.7M
Total Assets
ASPI
ASPI
MPTI
MPTI
Q4 25
$498.0M
$68.4M
Q3 25
$225.9M
$42.2M
Q2 25
$39.7M
Q1 25
$37.8M
Q4 24
$36.6M
Q3 24
$31.5M
Q2 24
$28.4M
Q1 24
$26.8M
Debt / Equity
ASPI
ASPI
MPTI
MPTI
Q4 25
0.07×
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
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
ASPI
ASPI
MPTI
MPTI
Operating Cash FlowLast quarter
$-37.8M
$2.7M
Free Cash FlowOCF − Capex
$-47.4M
$2.3M
FCF MarginFCF / Revenue
-284.7%
16.4%
Capex IntensityCapex / Revenue
57.9%
2.4%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPI
ASPI
MPTI
MPTI
Q4 25
$-37.8M
$2.7M
Q3 25
$-8.9M
$3.5M
Q2 25
$2.9M
Q1 25
$1.6M
Q4 24
$1.8M
Q3 24
$2.3M
Q2 24
$2.0M
Q1 24
$1.5M
Free Cash Flow
ASPI
ASPI
MPTI
MPTI
Q4 25
$-47.4M
$2.3M
Q3 25
$-12.0M
$2.7M
Q2 25
$2.0M
Q1 25
$1.0M
Q4 24
$1.4M
Q3 24
$1.8M
Q2 24
$1.1M
Q1 24
$1.4M
FCF Margin
ASPI
ASPI
MPTI
MPTI
Q4 25
-284.7%
16.4%
Q3 25
-245.5%
19.1%
Q2 25
15.4%
Q1 25
8.0%
Q4 24
10.8%
Q3 24
13.4%
Q2 24
9.2%
Q1 24
12.3%
Capex Intensity
ASPI
ASPI
MPTI
MPTI
Q4 25
57.9%
2.4%
Q3 25
64.4%
5.7%
Q2 25
6.1%
Q1 25
4.6%
Q4 24
3.3%
Q3 24
3.6%
Q2 24
7.4%
Q1 24
1.1%
Cash Conversion
ASPI
ASPI
MPTI
MPTI
Q4 25
0.78×
Q3 25
1.92×
Q2 25
1.83×
Q1 25
0.99×
Q4 24
0.85×
Q3 24
0.99×
Q2 24
1.12×
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASPI
ASPI

Segment breakdown not available.

MPTI
MPTI

US$11.3M79%
Non Us$2.9M21%

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