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Side-by-side financial comparison of Excelerate Energy, Inc. (EE) and MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX). Click either name above to swap in a different company.

Excelerate Energy, Inc. is the larger business by last-quarter revenue ($433.4M vs $339.8M, roughly 1.3× MIAMI INTERNATIONAL HOLDINGS, INC.). Excelerate Energy, Inc. runs the higher net margin — 11.5% vs -30.0%, a 41.6% gap on every dollar of revenue. On growth, Excelerate Energy, Inc. posted the faster year-over-year revenue change (37.6% vs 22.8%).

Excelerate Energy, Inc. is a global leading provider of flexible liquefied natural gas (LNG) solutions, offering floating storage and regasification units, LNG delivery services and integrated infrastructure projects. It serves utility and industrial clients across Europe, Asia, Latin America and the Middle East, supporting markets to achieve accessible low-carbon energy transitions.

Miami Air International was an American charter airline based in Miami-Dade County, Florida, United States. It operated worldwide passenger charter flights for diverse groups including cruise operators, professional sports teams and the United States military. It was based at Miami International Airport. Miami Air's customers included incentive groups, sports teams, Fortune 500 companies, major cruise lines, entertainers, political candidates and the United States government. Under the Civil ...

EE vs MIAX — Head-to-Head

Bigger by revenue
EE
EE
1.3× larger
EE
$433.4M
$339.8M
MIAX
Growing faster (revenue YoY)
EE
EE
+14.7% gap
EE
37.6%
22.8%
MIAX
Higher net margin
EE
EE
41.6% more per $
EE
11.5%
-30.0%
MIAX

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
EE
EE
MIAX
MIAX
Revenue
$433.4M
$339.8M
Net Profit
$50.0M
$-102.1M
Gross Margin
32.2%
Operating Margin
18.9%
-0.1%
Net Margin
11.5%
-30.0%
Revenue YoY
37.6%
22.8%
Net Profit YoY
-4.1%
-3086.0%
EPS (diluted)
$0.37
$-1.46

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
EE
EE
MIAX
MIAX
Q1 26
$433.4M
Q4 25
$317.6M
Q3 25
$391.0M
$339.8M
Q2 25
$204.6M
Q1 25
$315.1M
Q4 24
$274.6M
Q3 24
$193.4M
$276.7M
Q2 24
$183.3M
Net Profit
EE
EE
MIAX
MIAX
Q1 26
$50.0M
Q4 25
Q3 25
$-102.1M
Q2 25
Q1 25
Q4 24
Q3 24
$-3.2M
Q2 24
Gross Margin
EE
EE
MIAX
MIAX
Q1 26
Q4 25
Q3 25
32.2%
Q2 25
Q1 25
Q4 24
Q3 24
25.1%
Q2 24
Operating Margin
EE
EE
MIAX
MIAX
Q1 26
18.9%
Q4 25
22.2%
Q3 25
22.3%
-0.1%
Q2 25
21.2%
Q1 25
20.9%
Q4 24
21.9%
Q3 24
30.9%
-0.4%
Q2 24
27.2%
Net Margin
EE
EE
MIAX
MIAX
Q1 26
11.5%
Q4 25
Q3 25
-30.0%
Q2 25
Q1 25
Q4 24
Q3 24
-1.2%
Q2 24
EPS (diluted)
EE
EE
MIAX
MIAX
Q1 26
$0.37
Q4 25
$0.24
Q3 25
$0.43
$-1.46
Q2 25
$0.15
Q1 25
$0.46
Q4 24
$0.42
Q3 24
$0.35
$-0.05
Q2 24
$0.26

Balance Sheet & Financial Strength

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

Metric
EE
EE
MIAX
MIAX
Cash + ST InvestmentsLiquidity on hand
$540.1M
$401.5M
Total DebtLower is stronger
$23.7M
$6.5M
Stockholders' EquityBook value
$2.3B
$831.9M
Total Assets
$4.1B
$1.2B
Debt / EquityLower = less leverage
0.01×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EE
EE
MIAX
MIAX
Q1 26
$540.1M
Q4 25
$538.2M
Q3 25
$462.6M
$401.5M
Q2 25
$426.0M
Q1 25
$619.5M
Q4 24
$537.5M
Q3 24
$608.4M
$125.1M
Q2 24
$609.1M
Total Debt
EE
EE
MIAX
MIAX
Q1 26
$23.7M
Q4 25
$936.3M
Q3 25
$942.0M
$6.5M
Q2 25
$946.2M
Q1 25
$322.6M
Q4 24
$333.6M
Q3 24
$345.7M
Q2 24
$356.4M
Stockholders' Equity
EE
EE
MIAX
MIAX
Q1 26
$2.3B
Q4 25
$2.2B
Q3 25
$2.2B
$831.9M
Q2 25
$2.1B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
$351.4M
Q2 24
$1.8B
Total Assets
EE
EE
MIAX
MIAX
Q1 26
$4.1B
Q4 25
$4.1B
Q3 25
$4.1B
$1.2B
Q2 25
$4.0B
Q1 25
$2.9B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$2.9B
Debt / Equity
EE
EE
MIAX
MIAX
Q1 26
0.01×
Q4 25
0.42×
Q3 25
0.43×
0.01×
Q2 25
0.44×
Q1 25
0.17×
Q4 24
0.18×
Q3 24
0.18×
Q2 24
0.19×

Cash Flow & Capital Efficiency

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

Metric
EE
EE
MIAX
MIAX
Operating Cash FlowLast quarter
$60.0M
$120.8M
Free Cash FlowOCF − Capex
$102.2M
FCF MarginFCF / Revenue
30.1%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
1.20×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EE
EE
MIAX
MIAX
Q1 26
$60.0M
Q4 25
$104.4M
Q3 25
$114.9M
$120.8M
Q2 25
$87.1M
Q1 25
$154.8M
Q4 24
$49.6M
Q3 24
$39.8M
Q2 24
$90.4M
Free Cash Flow
EE
EE
MIAX
MIAX
Q1 26
Q4 25
Q3 25
$102.2M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
EE
EE
MIAX
MIAX
Q1 26
Q4 25
Q3 25
30.1%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
EE
EE
MIAX
MIAX
Q1 26
Q4 25
Q3 25
5.5%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
EE
EE
MIAX
MIAX
Q1 26
1.20×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EE
EE

LNG, gas and power$275.2M63%
Terminal services$158.3M37%

MIAX
MIAX

Transferred At Point In Time$246.7M73%
Transferred Over Time$29.9M9%
Access Fees$27.1M8%
Futures Segment$19.4M6%
Other$9.1M3%
TISEG$4.7M1%

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