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Side-by-side financial comparison of DONEGAL GROUP INC (DGICA) 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 $236.0M, roughly 1.3× DONEGAL GROUP INC). DONEGAL GROUP INC runs the higher net margin — 4.9% vs 4.5%, a 0.3% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs -3.7%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs -2.2%).

Donegal Group Inc. is a regional US insurance holding company offering personal and commercial property and casualty insurance products. It serves Mid-Atlantic, Midwest, and Southern US customers, delivering tailored coverage for individuals, families, and small to medium businesses.

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.

DGICA vs MAX — Head-to-Head

Bigger by revenue
MAX
MAX
1.3× larger
MAX
$310.0M
$236.0M
DGICA
Growing faster (revenue YoY)
MAX
MAX
+21.0% gap
MAX
17.3%
-3.7%
DGICA
Higher net margin
DGICA
DGICA
0.3% more per $
DGICA
4.9%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
-2.2%
DGICA

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
DGICA
DGICA
MAX
MAX
Revenue
$236.0M
$310.0M
Net Profit
$11.5M
$14.0M
Gross Margin
15.1%
Operating Margin
7.2%
Net Margin
4.9%
4.5%
Revenue YoY
-3.7%
17.3%
Net Profit YoY
-54.3%
701.8%
EPS (diluted)

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
DGICA
DGICA
MAX
MAX
Q1 26
$236.0M
$310.0M
Q4 25
$239.8M
$291.2M
Q3 25
$245.9M
$306.5M
Q2 25
$247.1M
$251.6M
Q1 25
$245.2M
$264.3M
Q4 24
$250.0M
$300.6M
Q3 24
$251.7M
$259.1M
Q2 24
$246.8M
$178.3M
Net Profit
DGICA
DGICA
MAX
MAX
Q1 26
$11.5M
$14.0M
Q4 25
$17.2M
$31.4M
Q3 25
$20.1M
$14.9M
Q2 25
$16.9M
$-18.7M
Q1 25
$25.2M
$-1.9M
Q4 24
$24.0M
$4.6M
Q3 24
$16.8M
$9.5M
Q2 24
$4.2M
$3.6M
Gross Margin
DGICA
DGICA
MAX
MAX
Q1 26
15.1%
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%
Operating Margin
DGICA
DGICA
MAX
MAX
Q1 26
7.2%
Q4 25
8.7%
7.7%
Q3 25
10.2%
6.4%
Q2 25
8.3%
-8.0%
Q1 25
12.7%
0.0%
Q4 24
11.9%
6.1%
Q3 24
8.1%
6.0%
Q2 24
2.0%
3.6%
Net Margin
DGICA
DGICA
MAX
MAX
Q1 26
4.9%
4.5%
Q4 25
7.2%
10.8%
Q3 25
8.2%
4.9%
Q2 25
6.8%
-7.4%
Q1 25
10.3%
-0.7%
Q4 24
9.6%
1.5%
Q3 24
6.7%
3.7%
Q2 24
1.7%
2.0%
EPS (diluted)
DGICA
DGICA
MAX
MAX
Q1 26
Q4 25
$0.50
Q3 25
$0.26
Q2 25
$-0.33
Q1 25
$-0.04
Q4 24
$0.09
Q3 24
$0.17
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
DGICA
DGICA
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$649.1M
Total Assets
$2.4B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DGICA
DGICA
MAX
MAX
Q1 26
$26.1M
Q4 25
$46.9M
Q3 25
$38.8M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
Total Debt
DGICA
DGICA
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
DGICA
DGICA
MAX
MAX
Q1 26
$649.1M
Q4 25
$640.4M
$4.2M
Q3 25
$627.4M
$-29.8M
Q2 25
$605.7M
$-3.8M
Q1 25
$584.7M
$7.9M
Q4 24
$545.8M
$2.4M
Q3 24
$513.4M
$-8.4M
Q2 24
$484.1M
$-24.4M
Total Assets
DGICA
DGICA
MAX
MAX
Q1 26
$2.4B
$367.7M
Q4 25
$2.4B
$383.8M
Q3 25
$2.4B
$266.2M
Q2 25
$2.4B
$249.4M
Q1 25
$2.4B
$240.0M
Q4 24
$2.3B
$262.4M
Q3 24
$2.3B
$236.1M
Q2 24
$2.3B
$198.2M
Debt / Equity
DGICA
DGICA
MAX
MAX
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

Financial Flow Comparison

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

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