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Side-by-side financial comparison of Flux Power Holdings, Inc. (FLUX) and M-tron Industries, Inc. (MPTI). Click either name above to swap in a different company.

M-tron Industries, Inc. is the larger business by last-quarter revenue ($14.2M vs $14.1M, roughly 1.0× Flux Power Holdings, Inc.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs 4.3%, a 19.8% gap on every dollar of revenue. On growth, M-tron Industries, Inc. posted the faster year-over-year revenue change (11.2% vs -16.1%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $-5.3M). Over the past eight quarters, M-tron Industries, Inc.'s revenue compounded faster (12.8% CAGR vs -1.2%).

Adrian Flux is a British insurance broker that has its head office at East Winch Hall in King's Lynn, Norfolk. The company has become the country’s largest specialist motor insurance brokers and employs around 1,850 staff.

M-tron Industries, Inc. designs, manufactures and markets high-performance frequency control and timing solutions including crystal oscillators, filters and integrated timing assemblies. Its products serve aerospace, defense, telecom, industrial automation and medical device segments, catering mainly to North American, European and Asian commercial and government clients.

FLUX vs MPTI — Head-to-Head

Bigger by revenue
MPTI
MPTI
1.0× larger
MPTI
$14.2M
$14.1M
FLUX
Growing faster (revenue YoY)
MPTI
MPTI
+27.2% gap
MPTI
11.2%
-16.1%
FLUX
Higher net margin
MPTI
MPTI
19.8% more per $
MPTI
24.1%
4.3%
FLUX
More free cash flow
MPTI
MPTI
$7.6M more FCF
MPTI
$2.3M
$-5.3M
FLUX
Faster 2-yr revenue CAGR
MPTI
MPTI
Annualised
MPTI
12.8%
-1.2%
FLUX

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
FLUX
FLUX
MPTI
MPTI
Revenue
$14.1M
$14.2M
Net Profit
$601.0K
$3.4M
Gross Margin
34.7%
Operating Margin
5.6%
27.3%
Net Margin
4.3%
24.1%
Revenue YoY
-16.1%
11.2%
Net Profit YoY
131.8%
60.1%
EPS (diluted)
$0.03
$0.90

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
FLUX
FLUX
MPTI
MPTI
Q4 25
$14.1M
$14.2M
Q3 25
$13.2M
$14.2M
Q2 25
$16.7M
$13.3M
Q1 25
$16.7M
$12.7M
Q4 24
$16.8M
$12.8M
Q3 24
$16.1M
$13.2M
Q2 24
$13.4M
$11.8M
Q1 24
$14.5M
$11.2M
Net Profit
FLUX
FLUX
MPTI
MPTI
Q4 25
$601.0K
$3.4M
Q3 25
$-2.6M
$1.8M
Q2 25
$-1.2M
$1.6M
Q1 25
$-1.9M
$1.6M
Q4 24
$-1.9M
$2.1M
Q3 24
$-1.7M
$2.3M
Q2 24
$-2.2M
$1.7M
Q1 24
$-3.0M
$1.5M
Gross Margin
FLUX
FLUX
MPTI
MPTI
Q4 25
34.7%
Q3 25
28.6%
Q2 25
34.5%
Q1 25
31.6%
Q4 24
32.5%
Q3 24
32.4%
Q2 24
26.9%
Q1 24
27.8%
Operating Margin
FLUX
FLUX
MPTI
MPTI
Q4 25
5.6%
27.3%
Q3 25
-16.5%
18.0%
Q2 25
-4.5%
13.9%
Q1 25
-9.4%
15.8%
Q4 24
-8.8%
20.1%
Q3 24
-7.5%
22.1%
Q2 24
-13.5%
17.8%
Q1 24
-17.8%
16.0%
Net Margin
FLUX
FLUX
MPTI
MPTI
Q4 25
4.3%
24.1%
Q3 25
-19.4%
12.9%
Q2 25
-7.0%
11.7%
Q1 25
-11.6%
12.8%
Q4 24
-11.2%
16.7%
Q3 24
-10.4%
17.2%
Q2 24
-16.8%
14.8%
Q1 24
-20.8%
13.3%
EPS (diluted)
FLUX
FLUX
MPTI
MPTI
Q4 25
$0.03
$0.90
Q3 25
$-0.15
$0.63
Q2 25
$-0.07
$0.53
Q1 25
$-0.12
$0.56
Q4 24
$-0.11
$0.68
Q3 24
$-0.10
$0.81
Q2 24
$-0.13
$0.63
Q1 24
$-0.18
$0.53

Balance Sheet & Financial Strength

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

Metric
FLUX
FLUX
MPTI
MPTI
Cash + ST InvestmentsLiquidity on hand
$20.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$7.5M
$63.2M
Total Assets
$30.1M
$68.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLUX
FLUX
MPTI
MPTI
Q4 25
$20.9M
Q3 25
$1.6M
$18.3M
Q2 25
$1.3M
$15.5M
Q1 25
$505.0K
$13.7M
Q4 24
$883.0K
$12.6M
Q3 24
$559.0K
$8.5M
Q2 24
$643.0K
$6.5M
Q1 24
$1.3M
$5.4M
Stockholders' Equity
FLUX
FLUX
MPTI
MPTI
Q4 25
$7.5M
$63.2M
Q3 25
$-3.3M
$37.0M
Q2 25
$-5.4M
$34.8M
Q1 25
$4.4M
$33.2M
Q4 24
$-2.7M
$31.3M
Q3 24
$-1.1M
$26.2M
Q2 24
$194.0K
$23.7M
Q1 24
$2.1M
$21.7M
Total Assets
FLUX
FLUX
MPTI
MPTI
Q4 25
$30.1M
$68.4M
Q3 25
$29.7M
$42.2M
Q2 25
$34.8M
$39.7M
Q1 25
$30.6M
$37.8M
Q4 24
$29.0M
$36.6M
Q3 24
$30.6M
$31.5M
Q2 24
$32.3M
$28.4M
Q1 24
$34.0M
$26.8M

Cash Flow & Capital Efficiency

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

Metric
FLUX
FLUX
MPTI
MPTI
Operating Cash FlowLast quarter
$-5.2M
$2.7M
Free Cash FlowOCF − Capex
$-5.3M
$2.3M
FCF MarginFCF / Revenue
-37.4%
16.4%
Capex IntensityCapex / Revenue
0.9%
2.4%
Cash ConversionOCF / Net Profit
-8.59×
0.78×
TTM Free Cash FlowTrailing 4 quarters
$-6.3M
$8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLUX
FLUX
MPTI
MPTI
Q4 25
$-5.2M
$2.7M
Q3 25
$889.0K
$3.5M
Q2 25
$610.0K
$2.9M
Q1 25
$-1.6M
$1.6M
Q4 24
$2.8M
$1.8M
Q3 24
$944.0K
$2.3M
Q2 24
$-4.8M
$2.0M
Q1 24
$-229.0K
$1.5M
Free Cash Flow
FLUX
FLUX
MPTI
MPTI
Q4 25
$-5.3M
$2.3M
Q3 25
$726.0K
$2.7M
Q2 25
$-43.0K
$2.0M
Q1 25
$-1.7M
$1.0M
Q4 24
$2.7M
$1.4M
Q3 24
$746.0K
$1.8M
Q2 24
$-5.7M
$1.1M
Q1 24
$-479.0K
$1.4M
FCF Margin
FLUX
FLUX
MPTI
MPTI
Q4 25
-37.4%
16.4%
Q3 25
5.5%
19.1%
Q2 25
-0.3%
15.4%
Q1 25
-10.4%
8.0%
Q4 24
16.1%
10.8%
Q3 24
4.6%
13.4%
Q2 24
-42.2%
9.2%
Q1 24
-3.3%
12.3%
Capex Intensity
FLUX
FLUX
MPTI
MPTI
Q4 25
0.9%
2.4%
Q3 25
1.2%
5.7%
Q2 25
3.9%
6.1%
Q1 25
1.1%
4.6%
Q4 24
0.7%
3.3%
Q3 24
1.2%
3.6%
Q2 24
6.4%
7.4%
Q1 24
1.7%
1.1%
Cash Conversion
FLUX
FLUX
MPTI
MPTI
Q4 25
-8.59×
0.78×
Q3 25
1.92×
Q2 25
1.83×
Q1 25
0.99×
Q4 24
0.85×
Q3 24
0.99×
Q2 24
1.12×
Q1 24
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLUX
FLUX

Segment breakdown not available.

MPTI
MPTI

US$11.3M79%
Non Us$2.9M21%

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