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Side-by-side financial comparison of Galiano Gold Inc. (GAU) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

MARTIN MIDSTREAM PARTNERS L.P. is the larger business by last-quarter revenue ($187.7M vs $166.8M, roughly 1.1× Galiano Gold Inc.). Over the past eight quarters, Galiano Gold Inc.'s revenue compounded faster (1.3% CAGR vs 0.8%).

Galiano Gold Inc. is a Canada-based mineral exploration and production firm focused on gold assets. Its core operation is the Asanko Gold Mine in Ghana, West Africa. It extracts, processes and sells gold products to global precious metals markets, catering to both industrial clients and investment sector purchasers.

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

GAU vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.1× larger
MMLP
$187.7M
$166.8M
GAU
Faster 2-yr revenue CAGR
GAU
GAU
Annualised
GAU
1.3%
0.8%
MMLP

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GAU
GAU
MMLP
MMLP
Revenue
$166.8M
$187.7M
Net Profit
$3.2M
Gross Margin
Operating Margin
24.3%
Net Margin
1.7%
Revenue YoY
-2.5%
Net Profit YoY
132.4%
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
GAU
GAU
MMLP
MMLP
Q1 26
$187.7M
Q4 25
$174.2M
Q3 25
$166.8M
$168.7M
Q2 25
$95.7M
$180.7M
Q1 25
$31.7M
$192.5M
Q4 24
$171.3M
Q3 24
$71.1M
$170.9M
Q2 24
$64.0M
$184.5M
Net Profit
GAU
GAU
MMLP
MMLP
Q1 26
$3.2M
Q4 25
$-2.9M
Q3 25
$-8.4M
Q2 25
$4.1M
$-2.4M
Q1 25
$-3.2M
$-1.0M
Q4 24
$-8.9M
Q3 24
$1.1M
$-3.3M
Q2 24
$8.8M
$3.8M
Gross Margin
GAU
GAU
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
GAU
GAU
MMLP
MMLP
Q1 26
Q4 25
7.3%
Q3 25
24.3%
4.1%
Q2 25
18.4%
8.2%
Q1 25
8.2%
7.5%
Q4 24
4.0%
Q3 24
7.4%
Q2 24
10.8%
Net Margin
GAU
GAU
MMLP
MMLP
Q1 26
1.7%
Q4 25
-1.7%
Q3 25
-5.0%
Q2 25
4.3%
-1.3%
Q1 25
-10.1%
-0.5%
Q4 24
-5.2%
Q3 24
1.5%
-1.9%
Q2 24
13.8%
2.0%

Cash Flow & Capital Efficiency

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

Metric
GAU
GAU
MMLP
MMLP
Operating Cash FlowLast quarter
$41.9M
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GAU
GAU
MMLP
MMLP
Q1 26
Q4 25
$22.4M
Q3 25
$41.9M
$-1.2M
Q2 25
$17.5M
$30.9M
Q1 25
$13.0M
$-6.0M
Q4 24
$42.2M
Q3 24
$28.6M
$-15.8M
Q2 24
$9.2M
$11.8M
Free Cash Flow
GAU
GAU
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$15.6M
Q3 25
$-7.9M
Q2 25
$25.6M
Q1 25
$-11.9M
Q4 24
$34.2M
Q3 24
$-25.6M
Q2 24
$-696.0K
FCF Margin
GAU
GAU
MMLP
MMLP
Q1 26
-3.2%
Q4 25
8.9%
Q3 25
-4.7%
Q2 25
14.2%
Q1 25
-6.2%
Q4 24
20.0%
Q3 24
-15.0%
Q2 24
-0.4%
Capex Intensity
GAU
GAU
MMLP
MMLP
Q1 26
1.6%
Q4 25
3.9%
Q3 25
4.0%
Q2 25
3.0%
Q1 25
3.1%
Q4 24
4.6%
Q3 24
5.8%
Q2 24
6.8%
Cash Conversion
GAU
GAU
MMLP
MMLP
Q1 26
Q4 25
Q3 25
Q2 25
4.30×
Q1 25
Q4 24
Q3 24
26.04×
Q2 24
1.05×
3.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GAU
GAU

Segment breakdown not available.

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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