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Side-by-side financial comparison of FutureFuel Corp. (FF) and Maiden Holdings, Ltd. (MHLA). Click either name above to swap in a different company.

FutureFuel Corp. is the larger business by last-quarter revenue ($19.8M vs $14.0M, roughly 1.4× Maiden Holdings, Ltd.). FutureFuel Corp. runs the higher net margin — -60.5% vs -61.5%, a 1.0% gap on every dollar of revenue. On growth, Maiden Holdings, Ltd. posted the faster year-over-year revenue change (-51.4% vs -67.7%). Over the past eight quarters, Maiden Holdings, Ltd.'s revenue compounded faster (-21.5% CAGR vs -41.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

Maiden Holdings Ltd. is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.

FF vs MHLA — Head-to-Head

Bigger by revenue
FF
FF
1.4× larger
FF
$19.8M
$14.0M
MHLA
Growing faster (revenue YoY)
MHLA
MHLA
+16.3% gap
MHLA
-51.4%
-67.7%
FF
Higher net margin
FF
FF
1.0% more per $
FF
-60.5%
-61.5%
MHLA
Faster 2-yr revenue CAGR
MHLA
MHLA
Annualised
MHLA
-21.5%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
FF
FF
MHLA
MHLA
Revenue
$19.8M
$14.0M
Net Profit
$-12.0M
$-8.6M
Gross Margin
-46.7%
Operating Margin
-62.9%
-42.1%
Net Margin
-60.5%
-61.5%
Revenue YoY
-67.7%
-51.4%
Net Profit YoY
-529.4%
-692.5%
EPS (diluted)
$-0.28
$-0.09

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
FF
FF
MHLA
MHLA
Q4 25
$19.8M
Q3 25
$22.7M
Q2 25
$35.7M
Q1 25
$17.5M
$14.0M
Q4 24
$61.5M
$11.6M
Q3 24
$51.1M
$14.5M
Q2 24
$72.4M
$20.5M
Q1 24
$58.3M
$28.9M
Net Profit
FF
FF
MHLA
MHLA
Q4 25
$-12.0M
Q3 25
$-9.3M
Q2 25
$-10.4M
Q1 25
$-17.6M
$-8.6M
Q4 24
$2.8M
$-158.0M
Q3 24
$-1.2M
$-34.5M
Q2 24
$9.6M
$-10.0M
Q1 24
$4.3M
$1.5M
Gross Margin
FF
FF
MHLA
MHLA
Q4 25
-46.7%
Q3 25
-30.1%
Q2 25
-24.6%
Q1 25
-83.0%
Q4 24
9.1%
Q3 24
0.7%
Q2 24
12.0%
Q1 24
8.6%
Operating Margin
FF
FF
MHLA
MHLA
Q4 25
-62.9%
Q3 25
-42.9%
Q2 25
-33.4%
Q1 25
-107.4%
-42.1%
Q4 24
2.6%
2103.0%
Q3 24
-5.6%
-243.1%
Q2 24
7.5%
-53.7%
Q1 24
3.8%
3.0%
Net Margin
FF
FF
MHLA
MHLA
Q4 25
-60.5%
Q3 25
-41.1%
Q2 25
-29.2%
Q1 25
-100.6%
-61.5%
Q4 24
4.5%
2125.8%
Q3 24
-2.3%
-238.1%
Q2 24
13.2%
-48.7%
Q1 24
7.4%
5.0%
EPS (diluted)
FF
FF
MHLA
MHLA
Q4 25
$-0.28
Q3 25
$-0.21
Q2 25
$-0.24
Q1 25
$-0.40
$-0.09
Q4 24
$0.06
$-1.57
Q3 24
$-0.03
$-0.35
Q2 24
$0.22
$-0.10
Q1 24
$0.10
$0.01

Balance Sheet & Financial Strength

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

Metric
FF
FF
MHLA
MHLA
Cash + ST InvestmentsLiquidity on hand
$51.3M
$28.7M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$154.7M
$37.6M
Total Assets
$192.2M
$1.2B
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
MHLA
MHLA
Q4 25
$51.3M
Q3 25
$85.6M
Q2 25
$95.2M
Q1 25
$97.1M
$28.7M
Q4 24
$109.5M
$25.7M
Q3 24
$133.4M
$110.0M
Q2 24
$115.1M
$24.8M
Q1 24
$201.1M
$20.7M
Total Debt
FF
FF
MHLA
MHLA
Q4 25
Q3 25
Q2 25
Q1 25
$254.8M
Q4 24
$254.8M
Q3 24
$254.7M
Q2 24
$254.7M
Q1 24
$254.6M
Stockholders' Equity
FF
FF
MHLA
MHLA
Q4 25
$154.7M
Q3 25
$169.1M
Q2 25
$178.2M
Q1 25
$188.4M
$37.6M
Q4 24
$205.8M
$45.2M
Q3 24
$213.3M
$208.2M
Q2 24
$214.4M
$238.0M
Q1 24
$204.8M
$249.4M
Total Assets
FF
FF
MHLA
MHLA
Q4 25
$192.2M
Q3 25
$203.5M
Q2 25
$218.2M
Q1 25
$227.7M
$1.2B
Q4 24
$247.7M
$1.3B
Q3 24
$256.5M
$1.4B
Q2 24
$261.2M
$1.4B
Q1 24
$365.4M
$1.5B
Debt / Equity
FF
FF
MHLA
MHLA
Q4 25
Q3 25
Q2 25
Q1 25
6.78×
Q4 24
5.64×
Q3 24
1.22×
Q2 24
1.07×
Q1 24
1.02×

Cash Flow & Capital Efficiency

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

Metric
FF
FF
MHLA
MHLA
Operating Cash FlowLast quarter
$-27.4M
$-21.1M
Free Cash FlowOCF − Capex
$-29.9M
FCF MarginFCF / Revenue
-150.5%
Capex IntensityCapex / Revenue
12.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
MHLA
MHLA
Q4 25
$-27.4M
Q3 25
$-1.1M
Q2 25
$5.2M
Q1 25
$-5.4M
$-21.1M
Q4 24
$-16.6M
$-67.4M
Q3 24
$25.8M
$-3.8M
Q2 24
$27.8M
$-23.4M
Q1 24
$-12.2M
$8.0M
Free Cash Flow
FF
FF
MHLA
MHLA
Q4 25
$-29.9M
Q3 25
$-6.5M
Q2 25
$-263.0K
Q1 25
$-9.4M
Q4 24
$-20.7M
Q3 24
$20.5M
Q2 24
$24.8M
Q1 24
$-14.5M
FCF Margin
FF
FF
MHLA
MHLA
Q4 25
-150.5%
Q3 25
-28.5%
Q2 25
-0.7%
Q1 25
-53.6%
Q4 24
-33.6%
Q3 24
40.1%
Q2 24
34.3%
Q1 24
-24.9%
Capex Intensity
FF
FF
MHLA
MHLA
Q4 25
12.2%
Q3 25
23.5%
Q2 25
15.3%
Q1 25
22.8%
Q4 24
6.6%
Q3 24
10.4%
Q2 24
4.1%
Q1 24
3.9%
Cash Conversion
FF
FF
MHLA
MHLA
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-5.94×
Q3 24
Q2 24
2.90×
Q1 24
-2.82×
5.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

MHLA
MHLA

Segment breakdown not available.

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