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Side-by-side financial comparison of Fiverr International Ltd. (FVRR) and MDU RESOURCES GROUP INC (MDU). Click either name above to swap in a different company.

MDU RESOURCES GROUP INC is the larger business by last-quarter revenue ($522.6M vs $287.8M, roughly 1.8× Fiverr International Ltd.). MDU RESOURCES GROUP INC runs the higher net margin — 14.6% vs 1.9%, a 12.7% gap on every dollar of revenue. Fiverr International Ltd. produced more free cash flow last quarter ($52.1M vs $-336.0M). Over the past eight quarters, Fiverr International Ltd.'s revenue compounded faster (29.5% CAGR vs -5.7%).

Fiverr International Ltd. operates a global online freelance services marketplace connecting businesses and independent creators across over 160 countries. It offers services covering digital marketing, graphic design, programming, writing, video editing, and other professional fields, catering to SMEs, startups, and enterprise clients needing flexible on-demand talent solutions.

MDU Resources Group, Inc. is a U.S.-based corporation supplying products and services to regulated energy delivery and utilities related construction materials and services businesses. It is headquartered in Bismarck, North Dakota, and operates in 48 states.

FVRR vs MDU — Head-to-Head

Bigger by revenue
MDU
MDU
1.8× larger
MDU
$522.6M
$287.8M
FVRR
Higher net margin
MDU
MDU
12.7% more per $
MDU
14.6%
1.9%
FVRR
More free cash flow
FVRR
FVRR
$388.1M more FCF
FVRR
$52.1M
$-336.0M
MDU
Faster 2-yr revenue CAGR
FVRR
FVRR
Annualised
FVRR
29.5%
-5.7%
MDU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FVRR
FVRR
MDU
MDU
Revenue
$287.8M
$522.6M
Net Profit
$5.4M
$76.3M
Gross Margin
82.5%
Operating Margin
-3.5%
20.5%
Net Margin
1.9%
14.6%
Revenue YoY
-1.6%
Net Profit YoY
38.4%
EPS (diluted)
$0.37

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
FVRR
FVRR
MDU
MDU
Q4 25
$522.6M
Q3 25
$287.8M
$313.6M
Q2 25
$188.2M
$348.7M
Q1 25
$93.5M
$678.0M
Q4 24
$531.0M
Q3 24
$269.9M
$290.7M
Q2 24
$177.3M
$343.1M
Q1 24
$88.0M
$588.2M
Net Profit
FVRR
FVRR
MDU
MDU
Q4 25
$76.3M
Q3 25
$5.4M
$18.3M
Q2 25
$4.1M
$13.8M
Q1 25
$788.0K
$82.0M
Q4 24
$55.2M
Q3 24
$-1.0M
$64.6M
Q2 24
$-4.0M
$60.4M
Q1 24
$-4.3M
$100.9M
Gross Margin
FVRR
FVRR
MDU
MDU
Q4 25
Q3 25
82.5%
Q2 25
83.3%
Q1 25
83.5%
Q4 24
Q3 24
82.8%
Q2 24
82.4%
Q1 24
82.2%
Operating Margin
FVRR
FVRR
MDU
MDU
Q4 25
20.5%
Q3 25
-3.5%
12.7%
Q2 25
-3.4%
8.7%
Q1 25
-4.4%
16.6%
Q4 24
17.8%
Q3 24
-5.0%
12.0%
Q2 24
-6.3%
11.5%
Q1 24
-8.1%
16.4%
Net Margin
FVRR
FVRR
MDU
MDU
Q4 25
14.6%
Q3 25
1.9%
5.8%
Q2 25
2.2%
4.0%
Q1 25
0.8%
12.1%
Q4 24
10.4%
Q3 24
-0.4%
22.2%
Q2 24
-2.3%
17.6%
Q1 24
-4.9%
17.2%
EPS (diluted)
FVRR
FVRR
MDU
MDU
Q4 25
$0.37
Q3 25
$0.09
Q2 25
$0.07
Q1 25
$0.40
Q4 24
$0.26
Q3 24
$0.32
Q2 24
$0.30
Q1 24
$0.49

Balance Sheet & Financial Strength

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

Metric
FVRR
FVRR
MDU
MDU
Cash + ST InvestmentsLiquidity on hand
$133.5M
$28.2M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$362.6M
$2.8B
Total Assets
$1.1B
$7.6B
Debt / EquityLower = less leverage
0.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FVRR
FVRR
MDU
MDU
Q4 25
$28.2M
Q3 25
$133.5M
$75.9M
Q2 25
$578.4M
$58.8M
Q1 25
$133.5M
$59.5M
Q4 24
$66.9M
Q3 24
$183.7M
$88.3M
Q2 24
$183.7M
$78.8M
Q1 24
$183.7M
$72.7M
Total Debt
FVRR
FVRR
MDU
MDU
Q4 25
$2.7B
Q3 25
$2.4B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.3B
Q1 24
$2.3B
Stockholders' Equity
FVRR
FVRR
MDU
MDU
Q4 25
$2.8B
Q3 25
$362.6M
$2.7B
Q2 25
$404.9M
$2.7B
Q1 25
$362.6M
$2.7B
Q4 24
$2.7B
Q3 24
$355.8M
$3.1B
Q2 24
$355.8M
$3.0B
Q1 24
$355.8M
$3.0B
Total Assets
FVRR
FVRR
MDU
MDU
Q4 25
$7.6B
Q3 25
$1.1B
$7.2B
Q2 25
$1.1B
$6.9B
Q1 25
$1.1B
$7.0B
Q4 24
$7.0B
Q3 24
$1.0B
$8.2B
Q2 24
$1.0B
$8.0B
Q1 24
$1.0B
$7.8B
Debt / Equity
FVRR
FVRR
MDU
MDU
Q4 25
0.97×
Q3 25
0.86×
Q2 25
0.80×
Q1 25
0.80×
Q4 24
0.85×
Q3 24
0.76×
Q2 24
0.75×
Q1 24
0.76×

Cash Flow & Capital Efficiency

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

Metric
FVRR
FVRR
MDU
MDU
Operating Cash FlowLast quarter
$53.0M
$80.6M
Free Cash FlowOCF − Capex
$52.1M
$-336.0M
FCF MarginFCF / Revenue
18.1%
-64.3%
Capex IntensityCapex / Revenue
0.3%
79.7%
Cash ConversionOCF / Net Profit
9.81×
1.06×
TTM Free Cash FlowTrailing 4 quarters
$124.9M
$-297.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FVRR
FVRR
MDU
MDU
Q4 25
$80.6M
Q3 25
$53.0M
$57.9M
Q2 25
$42.2M
$117.4M
Q1 25
$21.2M
$217.5M
Q4 24
$60.5M
Q3 24
$10.9M
$140.2M
Q2 24
$32.2M
$136.5M
Q1 24
$21.2M
$165.1M
Free Cash Flow
FVRR
FVRR
MDU
MDU
Q4 25
$-336.0M
Q3 25
$52.1M
$-121.9M
Q2 25
$41.5M
$36.5M
Q1 25
$20.8M
$124.4M
Q4 24
$-95.8M
Q3 24
$10.6M
$673.0K
Q2 24
$31.5M
$26.5M
Q1 24
$20.8M
$48.1M
FCF Margin
FVRR
FVRR
MDU
MDU
Q4 25
-64.3%
Q3 25
18.1%
-38.9%
Q2 25
22.0%
10.5%
Q1 25
22.3%
18.4%
Q4 24
-18.0%
Q3 24
3.9%
0.2%
Q2 24
17.8%
7.7%
Q1 24
23.7%
8.2%
Capex Intensity
FVRR
FVRR
MDU
MDU
Q4 25
79.7%
Q3 25
0.3%
57.3%
Q2 25
0.4%
23.2%
Q1 25
0.4%
13.7%
Q4 24
29.4%
Q3 24
0.1%
48.0%
Q2 24
0.4%
32.0%
Q1 24
0.4%
19.9%
Cash Conversion
FVRR
FVRR
MDU
MDU
Q4 25
1.06×
Q3 25
9.81×
3.16×
Q2 25
10.40×
8.52×
Q1 25
26.90×
2.65×
Q4 24
1.10×
Q3 24
2.17×
Q2 24
2.26×
Q1 24
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FVRR
FVRR

Segment breakdown not available.

MDU
MDU

Natural Gas Distribution$382.8M73%
Commercial Utility Sales$42.7M8%
Residential Utility Sales$33.7M6%
Pipelineand Midstream$31.1M6%
Natural Gas Transportation$17.2M3%
Industrial Utility Sales$10.1M2%
Natural Gas Storage$6.4M1%
Other Utility Sales$1.9M0%

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