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Side-by-side financial comparison of CODEXIS, INC. (CDXS) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $38.9M, roughly 1.8× CODEXIS, INC.). CODEXIS, INC. runs the higher net margin — 24.7% vs 17.3%, a 7.4% gap on every dollar of revenue. On growth, CODEXIS, INC. posted the faster year-over-year revenue change (81.3% vs 25.4%). Over the past eight quarters, CODEXIS, INC.'s revenue compounded faster (51.0% CAGR vs 15.0%).
Codexis, Inc. is a protein engineering company that develops enzymes for pharmaceutical, food and medical applications.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
CDXS vs MFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $38.9M | $70.6M |
| Net Profit | $9.6M | $12.2M |
| Gross Margin | 94.8% | — |
| Operating Margin | 27.1% | 29.3% |
| Net Margin | 24.7% | 17.3% |
| Revenue YoY | 81.3% | 25.4% |
| Net Profit YoY | 192.5% | 20.3% |
| EPS (diluted) | $0.13 | $0.50 |
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.
| Q4 25 | $38.9M | $70.6M | ||
| Q3 25 | $8.6M | $58.7M | ||
| Q2 25 | $15.3M | $62.6M | ||
| Q1 25 | $7.5M | $63.0M | ||
| Q4 24 | $21.5M | $56.3M | ||
| Q3 24 | $12.8M | $53.3M | ||
| Q2 24 | $8.0M | $51.0M | ||
| Q1 24 | $17.1M | $53.3M |
| Q4 25 | $9.6M | $12.2M | ||
| Q3 25 | $-19.6M | $7.8M | ||
| Q2 25 | $-13.3M | $11.1M | ||
| Q1 25 | $-20.7M | $12.0M | ||
| Q4 24 | $-10.4M | $10.1M | ||
| Q3 24 | $-20.6M | $8.6M | ||
| Q2 24 | $-22.8M | $7.1M | ||
| Q1 24 | $-11.5M | $10.0M |
| Q4 25 | 94.8% | — | ||
| Q3 25 | 71.3% | — | ||
| Q2 25 | 86.3% | — | ||
| Q1 25 | 63.8% | — | ||
| Q4 24 | 83.0% | — | ||
| Q3 24 | 66.4% | — | ||
| Q2 24 | 56.6% | — | ||
| Q1 24 | 71.6% | — |
| Q4 25 | 27.1% | 29.3% | ||
| Q3 25 | -220.3% | 33.2% | ||
| Q2 25 | -83.9% | 31.1% | ||
| Q1 25 | -271.6% | 32.1% | ||
| Q4 24 | -34.2% | 32.8% | ||
| Q3 24 | -129.0% | 26.6% | ||
| Q2 24 | -284.9% | 24.3% | ||
| Q1 24 | -69.6% | 33.6% |
| Q4 25 | 24.7% | 17.3% | ||
| Q3 25 | -228.1% | 13.2% | ||
| Q2 25 | -86.6% | 17.7% | ||
| Q1 25 | -274.3% | 19.1% | ||
| Q4 24 | -48.4% | 18.0% | ||
| Q3 24 | -160.8% | 16.1% | ||
| Q2 24 | -285.2% | 13.9% | ||
| Q1 24 | -67.4% | 18.8% |
| Q4 25 | $0.13 | $0.50 | ||
| Q3 25 | $-0.22 | $0.32 | ||
| Q2 25 | $-0.16 | $0.46 | ||
| Q1 25 | $-0.25 | $0.50 | ||
| Q4 24 | $-0.12 | $0.43 | ||
| Q3 24 | $-0.29 | $0.37 | ||
| Q2 24 | $-0.32 | $0.30 | ||
| Q1 24 | $-0.16 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $78.2M | $136.3M |
| Total DebtLower is stronger | $40.1M | $216.0M |
| Stockholders' EquityBook value | $50.5M | $408.6M |
| Total Assets | $147.8M | $3.0B |
| Debt / EquityLower = less leverage | 0.79× | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $78.2M | $136.3M | ||
| Q3 25 | $58.7M | $72.5M | ||
| Q2 25 | $66.3M | $110.4M | ||
| Q1 25 | $59.8M | $131.5M | ||
| Q4 24 | $73.5M | $98.2M | ||
| Q3 24 | $90.3M | $120.6M | ||
| Q2 24 | $73.2M | $87.7M | ||
| Q1 24 | $85.5M | $54.8M |
| Q4 25 | $40.1M | $216.0M | ||
| Q3 25 | $39.7M | $215.7M | ||
| Q2 25 | $39.4M | $199.9M | ||
| Q1 25 | $29.2M | $199.7M | ||
| Q4 24 | $28.9M | $232.2M | ||
| Q3 24 | $28.6M | $232.0M | ||
| Q2 24 | $28.4M | $230.8M | ||
| Q1 24 | $28.1M | $225.6M |
| Q4 25 | $50.5M | $408.6M | ||
| Q3 25 | $38.5M | $397.4M | ||
| Q2 25 | $55.6M | $389.9M | ||
| Q1 25 | $49.6M | $380.2M | ||
| Q4 24 | $66.9M | $370.2M | ||
| Q3 24 | $73.4M | $362.4M | ||
| Q2 24 | $61.4M | $354.0M | ||
| Q1 24 | $79.3M | $349.0M |
| Q4 25 | $147.8M | $3.0B | ||
| Q3 25 | $124.0M | $2.9B | ||
| Q2 25 | $138.2M | $2.9B | ||
| Q1 25 | $128.9M | $2.8B | ||
| Q4 24 | $149.0M | $2.9B | ||
| Q3 24 | $148.2M | $2.9B | ||
| Q2 24 | $132.0M | $2.8B | ||
| Q1 24 | $149.6M | $2.6B |
| Q4 25 | 0.79× | 0.53× | ||
| Q3 25 | 1.03× | 0.54× | ||
| Q2 25 | 0.71× | 0.51× | ||
| Q1 25 | 0.59× | 0.53× | ||
| Q4 24 | 0.43× | 0.63× | ||
| Q3 24 | 0.39× | 0.64× | ||
| Q2 24 | 0.46× | 0.65× | ||
| Q1 24 | 0.35× | 0.65× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $20.1M | $126.3M |
| Free Cash FlowOCF − Capex | $19.6M | — |
| FCF MarginFCF / Revenue | 50.3% | — |
| Capex IntensityCapex / Revenue | 1.3% | — |
| Cash ConversionOCF / Net Profit | 2.09× | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-23.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.1M | $126.3M | ||
| Q3 25 | $-7.7M | $67.0M | ||
| Q2 25 | $-18.0M | $-10.7M | ||
| Q1 25 | $-13.8M | $36.3M | ||
| Q4 24 | $-16.5M | $108.7M | ||
| Q3 24 | $-13.0M | $24.6M | ||
| Q2 24 | $-12.2M | $27.6M | ||
| Q1 24 | $-7.8M | $32.3M |
| Q4 25 | $19.6M | — | ||
| Q3 25 | $-7.9M | — | ||
| Q2 25 | $-20.5M | — | ||
| Q1 25 | $-15.1M | — | ||
| Q4 24 | $-18.2M | — | ||
| Q3 24 | $-14.0M | — | ||
| Q2 24 | $-12.6M | — | ||
| Q1 24 | $-8.9M | — |
| Q4 25 | 50.3% | — | ||
| Q3 25 | -91.7% | — | ||
| Q2 25 | -133.6% | — | ||
| Q1 25 | -199.6% | — | ||
| Q4 24 | -85.0% | — | ||
| Q3 24 | -109.0% | — | ||
| Q2 24 | -157.5% | — | ||
| Q1 24 | -52.2% | — |
| Q4 25 | 1.3% | — | ||
| Q3 25 | 2.1% | — | ||
| Q2 25 | 16.4% | — | ||
| Q1 25 | 16.7% | — | ||
| Q4 24 | 8.3% | — | ||
| Q3 24 | 7.8% | — | ||
| Q2 24 | 5.0% | — | ||
| Q1 24 | 6.6% | — |
| Q4 25 | 2.09× | 10.35× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | — | -0.97× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 10.72× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 3.89× | ||
| Q1 24 | — | 3.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
