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Side-by-side financial comparison of bioAffinity Technologies, Inc. (BIAF) and MEXCO ENERGY CORP (MXC). Click either name above to swap in a different company.

bioAffinity Technologies, Inc. is the larger business by last-quarter revenue ($1.6M vs $1.4M, roughly 1.2× MEXCO ENERGY CORP). MEXCO ENERGY CORP runs the higher net margin — 3.6% vs -197.0%, a 200.6% gap on every dollar of revenue. On growth, MEXCO ENERGY CORP posted the faster year-over-year revenue change (-26.8% vs -27.8%). Over the past eight quarters, MEXCO ENERGY CORP's revenue compounded faster (-12.2% CAGR vs -18.6%).

bioAffinity Technologies, Inc. is a clinical-stage biotechnology firm focused on developing non-invasive in vitro diagnostic tests for early detection of cancer and respiratory diseases. It serves global healthcare markets, with a core mission to deliver accessible, high-accuracy diagnostic solutions that improve patient outcomes and reduce overall healthcare system costs.

Mexco Energy Corp is an independent upstream energy firm focused on the exploration, development, acquisition, and production of crude oil, natural gas, and natural gas liquids. It operates primarily across onshore U.S. basins including the Permian Basin and Gulf Coast, serving domestic energy markets.

BIAF vs MXC — Head-to-Head

Bigger by revenue
BIAF
BIAF
1.2× larger
BIAF
$1.6M
$1.4M
MXC
Growing faster (revenue YoY)
MXC
MXC
+1.0% gap
MXC
-26.8%
-27.8%
BIAF
Higher net margin
MXC
MXC
200.6% more per $
MXC
3.6%
-197.0%
BIAF
Faster 2-yr revenue CAGR
MXC
MXC
Annualised
MXC
-12.2%
-18.6%
BIAF

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BIAF
BIAF
MXC
MXC
Revenue
$1.6M
$1.4M
Net Profit
$-3.1M
$50.2K
Gross Margin
Operating Margin
-196.9%
6.6%
Net Margin
-197.0%
3.6%
Revenue YoY
-27.8%
-26.8%
Net Profit YoY
-5.7%
-89.3%
EPS (diluted)
$-3.59
$0.02

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
BIAF
BIAF
MXC
MXC
Q4 25
$1.6M
$1.4M
Q3 25
$1.4M
$1.7M
Q2 25
$1.3M
$1.8M
Q1 25
$1.9M
$2.0M
Q4 24
$2.2M
$1.9M
Q3 24
$2.4M
$1.7M
Q2 24
$2.4M
$1.7M
Q1 24
$2.4M
$1.8M
Net Profit
BIAF
BIAF
MXC
MXC
Q4 25
$-3.1M
$50.2K
Q3 25
$-5.1M
$323.5K
Q2 25
$-4.1M
$242.0K
Q1 25
$-2.7M
$635.0K
Q4 24
$-3.0M
$469.1K
Q3 24
$-2.0M
$317.2K
Q2 24
$-2.1M
$291.0K
Q1 24
$-2.0M
$264.3K
Operating Margin
BIAF
BIAF
MXC
MXC
Q4 25
-196.9%
6.6%
Q3 25
-158.6%
20.9%
Q2 25
-198.2%
18.3%
Q1 25
-141.7%
36.1%
Q4 24
-133.5%
23.6%
Q3 24
-84.0%
23.4%
Q2 24
-87.1%
21.8%
Q1 24
-80.8%
24.5%
Net Margin
BIAF
BIAF
MXC
MXC
Q4 25
-197.0%
3.6%
Q3 25
-349.3%
18.6%
Q2 25
-319.9%
13.3%
Q1 25
-143.5%
31.9%
Q4 24
-134.4%
24.8%
Q3 24
-85.1%
18.1%
Q2 24
-88.0%
16.8%
Q1 24
-81.5%
14.7%
EPS (diluted)
BIAF
BIAF
MXC
MXC
Q4 25
$-3.59
$0.02
Q3 25
$-4.74
$0.16
Q2 25
$-0.17
$0.12
Q1 25
$-0.16
$0.30
Q4 24
$-17.27
$0.22
Q3 24
$-4.84
$0.15
Q2 24
$-0.19
$0.14
Q1 24
$-0.20
$0.13

Balance Sheet & Financial Strength

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

Metric
BIAF
BIAF
MXC
MXC
Cash + ST InvestmentsLiquidity on hand
$6.4M
$2.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.3M
$19.3M
Total Assets
$11.0M
$20.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BIAF
BIAF
MXC
MXC
Q4 25
$6.4M
$2.3M
Q3 25
$7.7M
$2.7M
Q2 25
$802.8K
$2.5M
Q1 25
$444.7K
$1.8M
Q4 24
$1.1M
$910.0K
Q3 24
$756.6K
$1.6M
Q2 24
$801.3K
$2.5M
Q1 24
$2.5M
$2.5M
Stockholders' Equity
BIAF
BIAF
MXC
MXC
Q4 25
$7.3M
$19.3M
Q3 25
$8.9M
$19.2M
Q2 25
$-2.1M
$18.8M
Q1 25
$1.4M
$18.7M
Q4 24
$2.6M
$18.0M
Q3 24
$3.1M
$17.5M
Q2 24
$3.4M
$17.7M
Q1 24
$5.3M
$17.6M
Total Assets
BIAF
BIAF
MXC
MXC
Q4 25
$11.0M
$20.6M
Q3 25
$11.5M
$20.6M
Q2 25
$4.8M
$20.6M
Q1 25
$5.5M
$20.3M
Q4 24
$6.5M
$19.5M
Q3 24
$6.6M
$19.3M
Q2 24
$6.7M
$19.4M
Q1 24
$8.0M
$19.1M

Cash Flow & Capital Efficiency

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

Metric
BIAF
BIAF
MXC
MXC
Operating Cash FlowLast quarter
$-2.6M
$863.3K
Free Cash FlowOCF − Capex
$-2.6M
FCF MarginFCF / Revenue
-160.7%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
17.18×
TTM Free Cash FlowTrailing 4 quarters
$-9.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BIAF
BIAF
MXC
MXC
Q4 25
$-2.6M
$863.3K
Q3 25
$-2.5M
$704.3K
Q2 25
$-2.6M
$1.4M
Q1 25
$-1.6M
$1.3M
Q4 24
$-1.7M
$934.7K
Q3 24
$-1.7M
$927.8K
Q2 24
$-1.5M
$1.1M
Q1 24
$-2.3M
$1.1M
Free Cash Flow
BIAF
BIAF
MXC
MXC
Q4 25
$-2.6M
Q3 25
$-2.5M
Q2 25
$-2.7M
Q1 25
$-1.7M
Q4 24
$-1.7M
Q3 24
$-1.7M
Q2 24
$-1.6M
Q1 24
$-2.4M
FCF Margin
BIAF
BIAF
MXC
MXC
Q4 25
-160.7%
Q3 25
-171.8%
Q2 25
-209.6%
Q1 25
-91.3%
Q4 24
-76.0%
Q3 24
-73.1%
Q2 24
-65.1%
Q1 24
-99.2%
Capex Intensity
BIAF
BIAF
MXC
MXC
Q4 25
0.0%
Q3 25
0.3%
Q2 25
1.1%
Q1 25
2.7%
Q4 24
0.0%
Q3 24
0.4%
Q2 24
1.2%
Q1 24
1.7%
Cash Conversion
BIAF
BIAF
MXC
MXC
Q4 25
17.18×
Q3 25
2.18×
Q2 25
5.63×
Q1 25
2.09×
Q4 24
1.99×
Q3 24
2.92×
Q2 24
3.71×
Q1 24
4.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BIAF
BIAF

Segment breakdown not available.

MXC
MXC

Oil Sales$1.1M79%
Other$285.1K21%

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