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Side-by-side financial comparison of CSG SYSTEMS INTERNATIONAL INC (CSGS) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). Click either name above to swap in a different company.

CSG SYSTEMS INTERNATIONAL INC is the larger business by last-quarter revenue ($323.1M vs $321.1M, roughly 1.0× MADRIGAL PHARMACEUTICALS, INC.). CSG SYSTEMS INTERNATIONAL INC runs the higher net margin — 2.2% vs -18.2%, a 20.4% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 2.0%). CSG SYSTEMS INTERNATIONAL INC produced more free cash flow last quarter ($55.8M vs $-133.8M).

CSG Holding Limited, formerly China Southern Glass Holding Limited, is the largest architectural glass manufacturer in China. It is involved in manufacturing and selling glass products, such as float glass, architectural glass, display glass, automotive glass, coated glass, mirrors, color filter glass, solar glass and conservation glass.

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

CSGS vs MDGL — Head-to-Head

Bigger by revenue
CSGS
CSGS
1.0× larger
CSGS
$323.1M
$321.1M
MDGL
Growing faster (revenue YoY)
MDGL
MDGL
+208.7% gap
MDGL
210.8%
2.0%
CSGS
Higher net margin
CSGS
CSGS
20.4% more per $
CSGS
2.2%
-18.2%
MDGL
More free cash flow
CSGS
CSGS
$189.7M more FCF
CSGS
$55.8M
$-133.8M
MDGL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSGS
CSGS
MDGL
MDGL
Revenue
$323.1M
$321.1M
Net Profit
$7.0M
$-58.6M
Gross Margin
50.0%
Operating Margin
9.0%
-18.6%
Net Margin
2.2%
-18.2%
Revenue YoY
2.0%
210.8%
Net Profit YoY
-79.7%
1.4%
EPS (diluted)
$0.24
$-2.55

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
CSGS
CSGS
MDGL
MDGL
Q4 25
$323.1M
$321.1M
Q3 25
$303.6M
$287.3M
Q2 25
$297.1M
$212.8M
Q1 25
$299.5M
$137.3M
Q4 24
$316.7M
$103.3M
Q3 24
$295.1M
$62.2M
Q2 24
$290.3M
Q1 24
$295.1M
$0
Net Profit
CSGS
CSGS
MDGL
MDGL
Q4 25
$7.0M
$-58.6M
Q3 25
$20.5M
$-114.2M
Q2 25
$12.3M
$-42.3M
Q1 25
$16.1M
$-73.2M
Q4 24
$34.5M
$-59.4M
Q3 24
$19.1M
$-107.0M
Q2 24
$13.8M
Q1 24
$19.5M
$-147.5M
Gross Margin
CSGS
CSGS
MDGL
MDGL
Q4 25
50.0%
Q3 25
48.1%
Q2 25
49.5%
Q1 25
48.4%
96.7%
Q4 24
51.3%
Q3 24
49.4%
Q2 24
47.3%
Q1 24
46.5%
Operating Margin
CSGS
CSGS
MDGL
MDGL
Q4 25
9.0%
-18.6%
Q3 25
10.0%
-39.7%
Q2 25
10.0%
-22.2%
Q1 25
9.8%
-57.8%
Q4 24
13.4%
-64.8%
Q3 24
10.8%
-187.1%
Q2 24
8.8%
Q1 24
10.8%
Net Margin
CSGS
CSGS
MDGL
MDGL
Q4 25
2.2%
-18.2%
Q3 25
6.7%
-39.8%
Q2 25
4.1%
-19.9%
Q1 25
5.4%
-53.4%
Q4 24
10.9%
-57.5%
Q3 24
6.5%
-172.0%
Q2 24
4.8%
Q1 24
6.6%
EPS (diluted)
CSGS
CSGS
MDGL
MDGL
Q4 25
$0.24
$-2.55
Q3 25
$0.73
$-5.08
Q2 25
$0.44
$-1.90
Q1 25
$0.57
$-3.32
Q4 24
$1.20
$-2.50
Q3 24
$0.67
$-4.92
Q2 24
$0.48
Q1 24
$0.68
$-7.38

Balance Sheet & Financial Strength

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

Metric
CSGS
CSGS
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$180.0M
$198.7M
Total DebtLower is stronger
$539.5M
$339.9M
Stockholders' EquityBook value
$283.7M
$602.7M
Total Assets
$1.5B
$1.3B
Debt / EquityLower = less leverage
1.90×
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSGS
CSGS
MDGL
MDGL
Q4 25
$180.0M
$198.7M
Q3 25
$158.4M
$295.7M
Q2 25
$145.9M
$186.2M
Q1 25
$136.0M
$183.6M
Q4 24
$161.8M
$100.0M
Q3 24
$118.4M
$232.7M
Q2 24
$110.4M
Q1 24
$120.8M
$622.5M
Total Debt
CSGS
CSGS
MDGL
MDGL
Q4 25
$539.5M
$339.9M
Q3 25
$538.6M
$339.8M
Q2 25
$537.8M
$118.4M
Q1 25
$537.6M
$118.0M
Q4 24
$538.5M
$117.6M
Q3 24
$539.5M
$117.1M
Q2 24
$540.5M
Q1 24
$541.5M
$116.1M
Stockholders' Equity
CSGS
CSGS
MDGL
MDGL
Q4 25
$283.7M
$602.7M
Q3 25
$289.5M
$625.7M
Q2 25
$290.7M
$696.0M
Q1 25
$283.1M
$710.6M
Q4 24
$282.6M
$754.4M
Q3 24
$288.4M
$777.2M
Q2 24
$273.3M
Q1 24
$269.3M
$850.8M
Total Assets
CSGS
CSGS
MDGL
MDGL
Q4 25
$1.5B
$1.3B
Q3 25
$1.5B
$1.4B
Q2 25
$1.4B
$1.0B
Q1 25
$1.4B
$996.6M
Q4 24
$1.5B
$1.0B
Q3 24
$1.4B
$1.1B
Q2 24
$1.4B
Q1 24
$1.3B
$1.1B
Debt / Equity
CSGS
CSGS
MDGL
MDGL
Q4 25
1.90×
0.56×
Q3 25
1.86×
0.54×
Q2 25
1.85×
0.17×
Q1 25
1.90×
0.17×
Q4 24
1.91×
0.16×
Q3 24
1.87×
0.15×
Q2 24
1.98×
Q1 24
2.01×
0.14×

Cash Flow & Capital Efficiency

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

Metric
CSGS
CSGS
MDGL
MDGL
Operating Cash FlowLast quarter
$59.2M
$-133.5M
Free Cash FlowOCF − Capex
$55.8M
$-133.8M
FCF MarginFCF / Revenue
17.3%
-41.7%
Capex IntensityCapex / Revenue
1.1%
0.1%
Cash ConversionOCF / Net Profit
8.46×
TTM Free Cash FlowTrailing 4 quarters
$141.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSGS
CSGS
MDGL
MDGL
Q4 25
$59.2M
$-133.5M
Q3 25
$47.9M
$79.8M
Q2 25
$37.3M
$-47.1M
Q1 25
$11.5M
$-88.9M
Q4 24
$82.5M
$-104.5M
Q3 24
$39.5M
$-67.0M
Q2 24
$43.1M
Q1 24
$-29.4M
$-149.2M
Free Cash Flow
CSGS
CSGS
MDGL
MDGL
Q4 25
$55.8M
$-133.8M
Q3 25
$43.9M
$79.0M
Q2 25
$34.6M
Q1 25
$7.1M
Q4 24
$76.6M
$-104.7M
Q3 24
$32.0M
$-67.8M
Q2 24
$38.8M
Q1 24
$-34.1M
$-149.5M
FCF Margin
CSGS
CSGS
MDGL
MDGL
Q4 25
17.3%
-41.7%
Q3 25
14.5%
27.5%
Q2 25
11.6%
Q1 25
2.4%
Q4 24
24.2%
-101.3%
Q3 24
10.8%
-109.0%
Q2 24
13.4%
Q1 24
-11.6%
Capex Intensity
CSGS
CSGS
MDGL
MDGL
Q4 25
1.1%
0.1%
Q3 25
1.3%
0.3%
Q2 25
0.9%
0.0%
Q1 25
1.5%
0.0%
Q4 24
1.9%
0.2%
Q3 24
2.5%
1.3%
Q2 24
1.5%
Q1 24
1.6%
Cash Conversion
CSGS
CSGS
MDGL
MDGL
Q4 25
8.46×
Q3 25
2.34×
Q2 25
3.04×
Q1 25
0.71×
Q4 24
2.39×
Q3 24
2.07×
Q2 24
3.12×
Q1 24
-1.51×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CSGS
CSGS

Software As A Service And Related Solutions$287.2M89%
License And Service$22.6M7%
Maintenance$13.3M4%

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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