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Side-by-side financial comparison of CITIZENS, INC. (CIA) and MESA LABORATORIES INC (MLAB). Click either name above to swap in a different company.

CITIZENS, INC. is the larger business by last-quarter revenue ($72.1M vs $65.1M, roughly 1.1× MESA LABORATORIES INC). CITIZENS, INC. runs the higher net margin — 10.2% vs 5.6%, a 4.6% gap on every dollar of revenue. On growth, CITIZENS, INC. posted the faster year-over-year revenue change (13.5% vs 3.6%). MESA LABORATORIES INC produced more free cash flow last quarter ($18.0M vs $17.5M). Over the past eight quarters, CITIZENS, INC.'s revenue compounded faster (11.7% CAGR vs 5.1%).

Citizen Watch Co., Ltd. , also known as the Citizen Group, is an electronics company primarily known for its watches and is the core company of a Japanese global corporate group based in Nishitokyo, Tokyo, Japan. In addition to Citizen brand watches, it is the parent of American watch company Bulova. Beyond watches, Citizen also manufactures calculators, printers, health care devices, and precision CNC machining equipment.

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

CIA vs MLAB — Head-to-Head

Bigger by revenue
CIA
CIA
1.1× larger
CIA
$72.1M
$65.1M
MLAB
Growing faster (revenue YoY)
CIA
CIA
+9.9% gap
CIA
13.5%
3.6%
MLAB
Higher net margin
CIA
CIA
4.6% more per $
CIA
10.2%
5.6%
MLAB
More free cash flow
MLAB
MLAB
$483.0K more FCF
MLAB
$18.0M
$17.5M
CIA
Faster 2-yr revenue CAGR
CIA
CIA
Annualised
CIA
11.7%
5.1%
MLAB

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
CIA
CIA
MLAB
MLAB
Revenue
$72.1M
$65.1M
Net Profit
$7.3M
$3.6M
Gross Margin
64.2%
Operating Margin
10.9%
12.2%
Net Margin
10.2%
5.6%
Revenue YoY
13.5%
3.6%
Net Profit YoY
102.7%
316.6%
EPS (diluted)
$0.65

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
CIA
CIA
MLAB
MLAB
Q4 25
$72.1M
$65.1M
Q3 25
$62.8M
$60.7M
Q2 25
$65.1M
$59.5M
Q1 25
$55.7M
$62.1M
Q4 24
$63.5M
$62.8M
Q3 24
$61.7M
$57.8M
Q2 24
$62.1M
$58.2M
Q1 24
$57.7M
$58.9M
Net Profit
CIA
CIA
MLAB
MLAB
Q4 25
$7.3M
$3.6M
Q3 25
$2.4M
$2.5M
Q2 25
$6.5M
$4.7M
Q1 25
$-1.6M
$-7.1M
Q4 24
$3.6M
$-1.7M
Q3 24
$2.8M
$3.4M
Q2 24
$4.0M
$3.4M
Q1 24
$4.5M
$-254.6M
Gross Margin
CIA
CIA
MLAB
MLAB
Q4 25
64.2%
Q3 25
61.5%
Q2 25
62.0%
Q1 25
61.8%
Q4 24
63.3%
Q3 24
61.3%
Q2 24
64.0%
Q1 24
62.1%
Operating Margin
CIA
CIA
MLAB
MLAB
Q4 25
10.9%
12.2%
Q3 25
7.1%
7.8%
Q2 25
10.6%
5.1%
Q1 25
-3.2%
2.4%
Q4 24
5.9%
9.2%
Q3 24
4.9%
6.1%
Q2 24
5.3%
9.6%
Q1 24
8.5%
-460.6%
Net Margin
CIA
CIA
MLAB
MLAB
Q4 25
10.2%
5.6%
Q3 25
3.8%
4.1%
Q2 25
9.9%
8.0%
Q1 25
-2.9%
-11.4%
Q4 24
5.7%
-2.7%
Q3 24
4.5%
5.9%
Q2 24
6.4%
5.8%
Q1 24
7.9%
-432.2%
EPS (diluted)
CIA
CIA
MLAB
MLAB
Q4 25
$0.65
Q3 25
$0.45
Q2 25
$0.85
Q1 25
$-1.30
Q4 24
$-0.31
Q3 24
$0.63
Q2 24
$0.62
Q1 24
$-47.26

Balance Sheet & Financial Strength

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

Metric
CIA
CIA
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$23.0M
$29.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$235.0M
$186.7M
Total Assets
$1.8B
$434.8M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CIA
CIA
MLAB
MLAB
Q4 25
$23.0M
$29.0M
Q3 25
$23.1M
$20.4M
Q2 25
$22.7M
$21.3M
Q1 25
$18.4M
$27.3M
Q4 24
$29.3M
$27.3M
Q3 24
$32.4M
$24.3M
Q2 24
$26.3M
$28.5M
Q1 24
$23.2M
$28.2M
Total Debt
CIA
CIA
MLAB
MLAB
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$71.3M
Q4 24
$72.2M
Q3 24
$73.1M
Q2 24
$74.1M
Q1 24
Stockholders' Equity
CIA
CIA
MLAB
MLAB
Q4 25
$235.0M
$186.7M
Q3 25
$225.6M
$178.5M
Q2 25
$229.0M
$172.5M
Q1 25
$218.1M
$159.8M
Q4 24
$210.4M
$155.2M
Q3 24
$207.6M
$161.5M
Q2 24
$191.5M
$150.7M
Q1 24
$195.2M
$145.4M
Total Assets
CIA
CIA
MLAB
MLAB
Q4 25
$1.8B
$434.8M
Q3 25
$1.7B
$430.4M
Q2 25
$1.7B
$435.7M
Q1 25
$1.7B
$433.3M
Q4 24
$1.7B
$433.3M
Q3 24
$1.7B
$454.1M
Q2 24
$1.7B
$440.4M
Q1 24
$1.7B
$446.8M
Debt / Equity
CIA
CIA
MLAB
MLAB
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
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
CIA
CIA
MLAB
MLAB
Operating Cash FlowLast quarter
$18.0M
$18.8M
Free Cash FlowOCF − Capex
$17.5M
$18.0M
FCF MarginFCF / Revenue
24.3%
27.7%
Capex IntensityCapex / Revenue
0.6%
1.1%
Cash ConversionOCF / Net Profit
2.45×
5.17×
TTM Free Cash FlowTrailing 4 quarters
$26.1M
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CIA
CIA
MLAB
MLAB
Q4 25
$18.0M
$18.8M
Q3 25
$4.7M
$8.2M
Q2 25
$3.5M
$1.9M
Q1 25
$748.0K
$12.7M
Q4 24
$31.9M
$18.1M
Q3 24
$9.7M
$5.3M
Q2 24
$4.6M
$10.7M
Q1 24
$6.8M
$12.9M
Free Cash Flow
CIA
CIA
MLAB
MLAB
Q4 25
$17.5M
$18.0M
Q3 25
$4.6M
$7.1M
Q2 25
$3.3M
$884.0K
Q1 25
$641.0K
$11.9M
Q4 24
$31.3M
$17.3M
Q3 24
$9.3M
$3.5M
Q2 24
$4.5M
$9.9M
Q1 24
$6.7M
$12.3M
FCF Margin
CIA
CIA
MLAB
MLAB
Q4 25
24.3%
27.7%
Q3 25
7.3%
11.7%
Q2 25
5.1%
1.5%
Q1 25
1.2%
19.2%
Q4 24
49.2%
27.6%
Q3 24
15.1%
6.0%
Q2 24
7.2%
16.9%
Q1 24
11.7%
21.0%
Capex Intensity
CIA
CIA
MLAB
MLAB
Q4 25
0.6%
1.1%
Q3 25
0.1%
1.8%
Q2 25
0.3%
1.7%
Q1 25
0.2%
1.2%
Q4 24
1.0%
1.3%
Q3 24
0.6%
3.1%
Q2 24
0.2%
1.5%
Q1 24
0.1%
0.9%
Cash Conversion
CIA
CIA
MLAB
MLAB
Q4 25
2.45×
5.17×
Q3 25
1.93×
3.32×
Q2 25
0.54×
0.40×
Q1 25
Q4 24
8.81×
Q3 24
3.48×
1.54×
Q2 24
1.16×
3.17×
Q1 24
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CIA
CIA

Segment breakdown not available.

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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