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Side-by-side financial comparison of CORCEPT THERAPEUTICS INC (CORT) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $202.1M, roughly 1.5× CORCEPT THERAPEUTICS INC). CORCEPT THERAPEUTICS INC runs the higher net margin — 12.0% vs 4.5%, a 7.5% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 11.1%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs 17.3%).

Corcept Therapeutics Inc. is a pharmaceutical company engaged in the discovery, development and commercialization of drugs for the treatment of severe metabolic, psychiatric and oncologic disorders. Corcept has focused on the adverse effects of excess cortisol, studying new compounds that may mitigate those effects. Its executive team is headed by CEO, president and director Joseph K. Belanoff, MD.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

CORT vs MAX — Head-to-Head

Bigger by revenue
MAX
MAX
1.5× larger
MAX
$310.0M
$202.1M
CORT
Growing faster (revenue YoY)
MAX
MAX
+6.2% gap
MAX
17.3%
11.1%
CORT
Higher net margin
CORT
CORT
7.5% more per $
CORT
12.0%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
17.3%
CORT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CORT
CORT
MAX
MAX
Revenue
$202.1M
$310.0M
Net Profit
$24.3M
$14.0M
Gross Margin
98.7%
15.1%
Operating Margin
2.2%
7.2%
Net Margin
12.0%
4.5%
Revenue YoY
11.1%
17.3%
Net Profit YoY
-21.0%
701.8%
EPS (diluted)
$0.20

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
CORT
CORT
MAX
MAX
Q1 26
$310.0M
Q4 25
$202.1M
$291.2M
Q3 25
$207.6M
$306.5M
Q2 25
$194.4M
$251.6M
Q1 25
$157.2M
$264.3M
Q4 24
$181.9M
$300.6M
Q3 24
$182.5M
$259.1M
Q2 24
$163.8M
$178.3M
Net Profit
CORT
CORT
MAX
MAX
Q1 26
$14.0M
Q4 25
$24.3M
$31.4M
Q3 25
$19.7M
$14.9M
Q2 25
$35.1M
$-18.7M
Q1 25
$20.5M
$-1.9M
Q4 24
$30.7M
$4.6M
Q3 24
$47.2M
$9.5M
Q2 24
$35.5M
$3.6M
Gross Margin
CORT
CORT
MAX
MAX
Q1 26
15.1%
Q4 25
98.7%
15.4%
Q3 25
97.8%
14.2%
Q2 25
98.2%
15.0%
Q1 25
98.5%
15.8%
Q4 24
98.4%
16.3%
Q3 24
98.4%
15.1%
Q2 24
98.5%
17.8%
Operating Margin
CORT
CORT
MAX
MAX
Q1 26
7.2%
Q4 25
2.2%
7.7%
Q3 25
4.9%
6.4%
Q2 25
13.7%
-8.0%
Q1 25
2.2%
0.0%
Q4 24
13.9%
6.1%
Q3 24
25.5%
6.0%
Q2 24
21.7%
3.6%
Net Margin
CORT
CORT
MAX
MAX
Q1 26
4.5%
Q4 25
12.0%
10.8%
Q3 25
9.5%
4.9%
Q2 25
18.1%
-7.4%
Q1 25
13.1%
-0.7%
Q4 24
16.9%
1.5%
Q3 24
25.9%
3.7%
Q2 24
21.7%
2.0%
EPS (diluted)
CORT
CORT
MAX
MAX
Q1 26
Q4 25
$0.20
$0.50
Q3 25
$0.16
$0.26
Q2 25
$0.29
$-0.33
Q1 25
$0.17
$-0.04
Q4 24
$0.25
$0.09
Q3 24
$0.41
$0.17
Q2 24
$0.32
$0.07

Balance Sheet & Financial Strength

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

Metric
CORT
CORT
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$372.2M
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$647.8M
Total Assets
$836.7M
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CORT
CORT
MAX
MAX
Q1 26
$26.1M
Q4 25
$372.2M
$46.9M
Q3 25
$421.7M
$38.8M
Q2 25
$342.2M
$85.4M
Q1 25
$322.8M
$63.6M
Q4 24
$383.3M
$43.3M
Q3 24
$380.3M
$32.3M
Q2 24
$473.2M
$28.7M
Total Debt
CORT
CORT
MAX
MAX
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
CORT
CORT
MAX
MAX
Q1 26
Q4 25
$647.8M
$4.2M
Q3 25
$631.9M
$-29.8M
Q2 25
$635.8M
$-3.8M
Q1 25
$683.3M
$7.9M
Q4 24
$679.6M
$2.4M
Q3 24
$638.8M
$-8.4M
Q2 24
$596.2M
$-24.4M
Total Assets
CORT
CORT
MAX
MAX
Q1 26
$367.7M
Q4 25
$836.7M
$383.8M
Q3 25
$823.6M
$266.2M
Q2 25
$801.7M
$249.4M
Q1 25
$846.5M
$240.0M
Q4 24
$840.6M
$262.4M
Q3 24
$784.3M
$236.1M
Q2 24
$714.6M
$198.2M
Debt / Equity
CORT
CORT
MAX
MAX
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
CORT
CORT
MAX
MAX
Operating Cash FlowLast quarter
$38.4M
Free Cash FlowOCF − Capex
$38.4M
FCF MarginFCF / Revenue
19.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.58×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CORT
CORT
MAX
MAX
Q1 26
Q4 25
$38.4M
$-7.4M
Q3 25
$54.5M
$23.6M
Q2 25
$43.9M
$25.7M
Q1 25
$5.1M
$23.7M
Q4 24
$59.3M
$14.5M
Q3 24
$73.8M
$8.1M
Q2 24
$41.2M
$21.6M
Free Cash Flow
CORT
CORT
MAX
MAX
Q1 26
Q4 25
$38.4M
$-7.5M
Q3 25
$23.6M
Q2 25
$43.9M
$25.5M
Q1 25
$5.0M
$23.6M
Q4 24
$59.2M
$14.5M
Q3 24
$72.2M
$8.0M
Q2 24
$40.8M
$21.5M
FCF Margin
CORT
CORT
MAX
MAX
Q1 26
Q4 25
19.0%
-2.6%
Q3 25
7.7%
Q2 25
22.6%
10.2%
Q1 25
3.2%
8.9%
Q4 24
32.5%
4.8%
Q3 24
39.5%
3.1%
Q2 24
24.9%
12.0%
Capex Intensity
CORT
CORT
MAX
MAX
Q1 26
Q4 25
0.0%
0.0%
Q3 25
0.0%
0.0%
Q2 25
0.0%
0.1%
Q1 25
0.1%
0.0%
Q4 24
0.1%
0.0%
Q3 24
0.9%
0.0%
Q2 24
0.3%
0.1%
Cash Conversion
CORT
CORT
MAX
MAX
Q1 26
Q4 25
1.58×
-0.24×
Q3 25
2.77×
1.58×
Q2 25
1.25×
Q1 25
0.25×
Q4 24
1.93×
3.13×
Q3 24
1.56×
0.85×
Q2 24
1.16×
5.97×

Financial Flow Comparison

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

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