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Side-by-side financial comparison of Claritev Corp (CTEV) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

MediaAlpha, Inc. is the larger business by last-quarter revenue ($291.2M vs $246.6M, roughly 1.2× Claritev Corp). MediaAlpha, Inc. runs the higher net margin — 10.8% vs -32.7%, a 43.5% gap on every dollar of revenue. On growth, Claritev Corp posted the faster year-over-year revenue change (6.2% vs -3.2%). Claritev Corp produced more free cash flow last quarter ($36.4M vs $-7.5M). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (51.6% CAGR vs 2.5%).

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.

CTEV vs MAX — Head-to-Head

Bigger by revenue
MAX
MAX
1.2× larger
MAX
$291.2M
$246.6M
CTEV
Growing faster (revenue YoY)
CTEV
CTEV
+9.4% gap
CTEV
6.2%
-3.2%
MAX
Higher net margin
MAX
MAX
43.5% more per $
MAX
10.8%
-32.7%
CTEV
More free cash flow
CTEV
CTEV
$43.9M more FCF
CTEV
$36.4M
$-7.5M
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
51.6%
2.5%
CTEV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTEV
CTEV
MAX
MAX
Revenue
$246.6M
$291.2M
Net Profit
$-80.6M
$31.4M
Gross Margin
15.4%
Operating Margin
-3.1%
7.7%
Net Margin
-32.7%
10.8%
Revenue YoY
6.2%
-3.2%
Net Profit YoY
41.6%
576.9%
EPS (diluted)
$-4.88
$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.

Revenue
CTEV
CTEV
MAX
MAX
Q4 25
$246.6M
$291.2M
Q3 25
$246.0M
$306.5M
Q2 25
$241.6M
$251.6M
Q1 25
$231.3M
$264.3M
Q4 24
$232.1M
$300.6M
Q3 24
$230.5M
$259.1M
Q2 24
$233.5M
$178.3M
Q1 24
$234.5M
$126.6M
Net Profit
CTEV
CTEV
MAX
MAX
Q4 25
$-80.6M
$31.4M
Q3 25
$-69.8M
$14.9M
Q2 25
$-62.6M
$-18.7M
Q1 25
$-71.3M
$-1.9M
Q4 24
$-138.0M
$4.6M
Q3 24
$-391.4M
$9.5M
Q2 24
$-576.7M
$3.6M
Q1 24
$-539.7M
$-1.1M
Gross Margin
CTEV
CTEV
MAX
MAX
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Q1 24
18.7%
Operating Margin
CTEV
CTEV
MAX
MAX
Q4 25
-3.1%
7.7%
Q3 25
4.1%
6.4%
Q2 25
6.9%
-8.0%
Q1 25
4.2%
0.0%
Q4 24
-17.8%
6.1%
Q3 24
-146.7%
6.0%
Q2 24
-224.4%
3.6%
Q1 24
-207.4%
1.9%
Net Margin
CTEV
CTEV
MAX
MAX
Q4 25
-32.7%
10.8%
Q3 25
-28.4%
4.9%
Q2 25
-25.9%
-7.4%
Q1 25
-30.8%
-0.7%
Q4 24
-59.4%
1.5%
Q3 24
-169.8%
3.7%
Q2 24
-247.0%
2.0%
Q1 24
-230.1%
-0.9%
EPS (diluted)
CTEV
CTEV
MAX
MAX
Q4 25
$-4.88
$0.50
Q3 25
$-4.23
$0.26
Q2 25
$-3.81
$-0.33
Q1 25
$-4.38
$-0.04
Q4 24
$-8.49
$0.09
Q3 24
$-24.25
$0.17
Q2 24
$-35.78
$0.07
Q1 24
$-33.40
$-0.02

Balance Sheet & Financial Strength

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

Metric
CTEV
CTEV
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$16.8M
$46.9M
Total DebtLower is stronger
$4.6B
$153.4M
Stockholders' EquityBook value
$-173.9M
$4.2M
Total Assets
$4.9B
$383.8M
Debt / EquityLower = less leverage
36.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTEV
CTEV
MAX
MAX
Q4 25
$16.8M
$46.9M
Q3 25
$39.2M
$38.8M
Q2 25
$56.4M
$85.4M
Q1 25
$23.1M
$63.6M
Q4 24
$16.8M
$43.3M
Q3 24
$86.6M
$32.3M
Q2 24
$48.8M
$28.7M
Q1 24
$58.7M
$14.5M
Total Debt
CTEV
CTEV
MAX
MAX
Q4 25
$4.6B
$153.4M
Q3 25
$4.5B
$155.7M
Q2 25
$4.5B
$158.0M
Q1 25
$4.5B
$160.2M
Q4 24
$4.5B
$162.4M
Q3 24
$4.5B
$164.7M
Q2 24
$4.5B
$166.9M
Q1 24
$4.5B
$172.1M
Stockholders' Equity
CTEV
CTEV
MAX
MAX
Q4 25
$-173.9M
$4.2M
Q3 25
$-101.8M
$-29.8M
Q2 25
$-39.9M
$-3.8M
Q1 25
$14.8M
$7.9M
Q4 24
$84.0M
$2.4M
Q3 24
$207.6M
$-8.4M
Q2 24
$603.4M
$-24.4M
Q1 24
$1.2B
$-19.1M
Total Assets
CTEV
CTEV
MAX
MAX
Q4 25
$4.9B
$383.8M
Q3 25
$5.0B
$266.2M
Q2 25
$5.1B
$249.4M
Q1 25
$5.1B
$240.0M
Q4 24
$5.2B
$262.4M
Q3 24
$5.3B
$236.1M
Q2 24
$5.7B
$198.2M
Q1 24
$6.4B
$153.0M
Debt / Equity
CTEV
CTEV
MAX
MAX
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
304.87×
20.23×
Q4 24
53.67×
68.31×
Q3 24
21.73×
Q2 24
7.48×
Q1 24
3.85×

Cash Flow & Capital Efficiency

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

Metric
CTEV
CTEV
MAX
MAX
Operating Cash FlowLast quarter
$66.3M
$-7.4M
Free Cash FlowOCF − Capex
$36.4M
$-7.5M
FCF MarginFCF / Revenue
14.8%
-2.6%
Capex IntensityCapex / Revenue
12.1%
0.0%
Cash ConversionOCF / Net Profit
-0.24×
TTM Free Cash FlowTrailing 4 quarters
$-12.3M
$65.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTEV
CTEV
MAX
MAX
Q4 25
$66.3M
$-7.4M
Q3 25
$19.9M
$23.6M
Q2 25
$61.2M
$25.7M
Q1 25
$-30.1M
$23.7M
Q4 24
$-33.4M
$14.5M
Q3 24
$72.8M
$8.1M
Q2 24
$18.5M
$21.6M
Q1 24
$49.7M
$1.7M
Free Cash Flow
CTEV
CTEV
MAX
MAX
Q4 25
$36.4M
$-7.5M
Q3 25
$-16.3M
$23.6M
Q2 25
$36.6M
$25.5M
Q1 25
$-68.9M
$23.6M
Q4 24
$-63.8M
$14.5M
Q3 24
$41.1M
$8.0M
Q2 24
$-7.0M
$21.5M
Q1 24
$19.2M
$1.6M
FCF Margin
CTEV
CTEV
MAX
MAX
Q4 25
14.8%
-2.6%
Q3 25
-6.6%
7.7%
Q2 25
15.2%
10.2%
Q1 25
-29.8%
8.9%
Q4 24
-27.5%
4.8%
Q3 24
17.8%
3.1%
Q2 24
-3.0%
12.0%
Q1 24
8.2%
1.3%
Capex Intensity
CTEV
CTEV
MAX
MAX
Q4 25
12.1%
0.0%
Q3 25
14.7%
0.0%
Q2 25
10.2%
0.1%
Q1 25
16.8%
0.0%
Q4 24
13.1%
0.0%
Q3 24
13.8%
0.0%
Q2 24
10.9%
0.1%
Q1 24
13.0%
0.0%
Cash Conversion
CTEV
CTEV
MAX
MAX
Q4 25
-0.24×
Q3 25
1.58×
Q2 25
Q1 25
Q4 24
3.13×
Q3 24
0.85×
Q2 24
5.97×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTEV
CTEV

Segment breakdown not available.

MAX
MAX

Property And Casualty Insurance$264.8M91%
Health Insurance$20.8M7%
Sales Channel Through Intermediary$7.2M2%

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