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Side-by-side financial comparison of Atour Lifestyle Holdings Ltd (ATAT) and MAGIC SOFTWARE ENTERPRISES LTD (MGIC). Click either name above to swap in a different company.

Atour Lifestyle Holdings Ltd is the larger business by last-quarter revenue ($789.6M vs $419.6M, roughly 1.9× MAGIC SOFTWARE ENTERPRISES LTD). Atour Lifestyle Holdings Ltd runs the higher net margin — 17.6% vs 8.4%, a 9.2% gap on every dollar of revenue. Atour Lifestyle Holdings Ltd produced more free cash flow last quarter ($210.7M vs $37.0M).

Atour Lifestyle Holdings Ltd is a leading China-based hospitality and lifestyle enterprise. It operates a wide portfolio of mid-to-premium hotel brands for business and leisure travelers, and offers complementary lifestyle retail products and experience services, catering primarily to middle-class consumers across domestic and selected overseas markets.

Magic Software Enterprises provides low-code integration and data management platforms that simplify the connection between legacy on-premise systems and modern cloud applications. Its flagship products — Magic xpi Integration Platform and FactoryEye Smart Factory Solution, enable enterprises to achieve end-to-end visibility, faster cloud migration, and managed integration services.

ATAT vs MGIC — Head-to-Head

Bigger by revenue
ATAT
ATAT
1.9× larger
ATAT
$789.6M
$419.6M
MGIC
Higher net margin
ATAT
ATAT
9.2% more per $
ATAT
17.6%
8.4%
MGIC
More free cash flow
ATAT
ATAT
$173.7M more FCF
ATAT
$210.7M
$37.0M
MGIC

Income Statement — Q3 FY2025 vs Q3 FY2023

Metric
ATAT
ATAT
MGIC
MGIC
Revenue
$789.6M
$419.6M
Net Profit
$139.1M
$35.3M
Gross Margin
27.1%
Operating Margin
22.5%
11.3%
Net Margin
17.6%
8.4%
Revenue YoY
252.5%
Net Profit YoY
322.2%
EPS (diluted)
$0.33

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
ATAT
ATAT
MGIC
MGIC
Q3 25
$789.6M
Q3 24
$224.0M
Q1 24
$203.4M
Q3 23
$419.6M
Q2 23
$275.7M
Q1 23
$106.8M
$138.7M
Q3 22
$347.3M
Q2 22
$226.5M
Net Profit
ATAT
ATAT
MGIC
MGIC
Q3 25
$139.1M
Q3 24
$33.0M
Q1 24
$35.6M
Q3 23
$35.3M
Q2 23
$22.2M
Q1 23
$2.5M
$11.3M
Q3 22
$26.6M
Q2 22
$17.9M
Gross Margin
ATAT
ATAT
MGIC
MGIC
Q3 25
Q3 24
Q1 24
Q3 23
27.1%
Q2 23
26.9%
Q1 23
27.1%
Q3 22
27.5%
Q2 22
27.8%
Operating Margin
ATAT
ATAT
MGIC
MGIC
Q3 25
22.5%
Q3 24
14.7%
Q1 24
22.1%
Q3 23
11.3%
Q2 23
11.3%
Q1 23
8.0%
11.6%
Q3 22
10.6%
Q2 22
11.0%
Net Margin
ATAT
ATAT
MGIC
MGIC
Q3 25
17.6%
Q3 24
14.7%
Q1 24
17.5%
Q3 23
8.4%
Q2 23
8.1%
Q1 23
2.3%
8.1%
Q3 22
7.7%
Q2 22
7.9%
EPS (diluted)
ATAT
ATAT
MGIC
MGIC
Q3 25
$0.33
Q3 24
$0.08
Q1 24
$0.09
Q3 23
Q2 23
Q1 23
Q3 22
$0.47
Q2 22
$0.31

Balance Sheet & Financial Strength

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

Metric
ATAT
ATAT
MGIC
MGIC
Cash + ST InvestmentsLiquidity on hand
$669.2M
$83.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.0M
$276.3M
Total Assets
$1.1B
$505.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATAT
ATAT
MGIC
MGIC
Q3 25
$669.2M
Q3 24
$506.0M
Q1 24
$520.7M
Q3 23
$83.1M
Q2 23
$83.1M
Q1 23
$272.5M
$83.1M
Q3 22
$88.1M
Q2 22
$88.1M
Total Debt
ATAT
ATAT
MGIC
MGIC
Q3 25
Q3 24
Q1 24
$277.0K
Q3 23
Q2 23
Q1 23
Q3 22
Q2 22
Stockholders' Equity
ATAT
ATAT
MGIC
MGIC
Q3 25
$405.0M
Q3 24
$291.3M
Q1 24
$323.5M
Q3 23
$276.3M
Q2 23
$276.3M
Q1 23
$185.5M
$276.3M
Q3 22
$275.7M
Q2 22
$275.7M
Total Assets
ATAT
ATAT
MGIC
MGIC
Q3 25
$1.1B
Q3 24
$927.8M
Q1 24
$936.3M
Q3 23
$505.1M
Q2 23
$505.1M
Q1 23
$505.1M
Q3 22
$492.0M
Q2 22
$492.0M
Debt / Equity
ATAT
ATAT
MGIC
MGIC
Q3 25
Q3 24
Q1 24
0.00×
Q3 23
Q2 23
Q1 23
Q3 22
Q2 22

Cash Flow & Capital Efficiency

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

Metric
ATAT
ATAT
MGIC
MGIC
Operating Cash FlowLast quarter
$216.6M
$40.3M
Free Cash FlowOCF − Capex
$210.7M
$37.0M
FCF MarginFCF / Revenue
26.7%
8.8%
Capex IntensityCapex / Revenue
0.8%
0.8%
Cash ConversionOCF / Net Profit
1.56×
1.14×
TTM Free Cash FlowTrailing 4 quarters
$359.6M
$98.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATAT
ATAT
MGIC
MGIC
Q3 25
$216.6M
Q3 24
$84.8M
Q1 24
$19.8M
Q3 23
$40.3M
Q2 23
$18.4M
Q1 23
$49.9M
$12.8M
Q3 22
$34.2M
Q2 22
$28.0M
Free Cash Flow
ATAT
ATAT
MGIC
MGIC
Q3 25
$210.7M
Q3 24
$83.3M
Q1 24
$18.1M
Q3 23
$37.0M
Q2 23
$16.2M
Q1 23
$47.5M
$12.5M
Q3 22
$33.2M
Q2 22
$27.4M
FCF Margin
ATAT
ATAT
MGIC
MGIC
Q3 25
26.7%
Q3 24
37.2%
Q1 24
8.9%
Q3 23
8.8%
Q2 23
5.9%
Q1 23
44.5%
9.0%
Q3 22
9.6%
Q2 22
12.1%
Capex Intensity
ATAT
ATAT
MGIC
MGIC
Q3 25
0.8%
Q3 24
0.7%
Q1 24
0.9%
Q3 23
0.8%
Q2 23
0.8%
Q1 23
2.3%
0.2%
Q3 22
0.3%
Q2 22
0.3%
Cash Conversion
ATAT
ATAT
MGIC
MGIC
Q3 25
1.56×
Q3 24
2.57×
Q1 24
0.56×
Q3 23
1.14×
Q2 23
0.83×
Q1 23
20.23×
1.13×
Q3 22
1.28×
Q2 22
1.57×

Financial Flow Comparison

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

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