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Side-by-side financial comparison of GigaCloud Technology Inc (GCT) and MediaAlpha, Inc. (MAX). Click either name above to swap in a different company.

GigaCloud Technology Inc is the larger business by last-quarter revenue ($332.6M vs $310.0M, roughly 1.1× MediaAlpha, Inc.). GigaCloud Technology Inc runs the higher net margin — 11.2% vs 4.5%, a 6.6% gap on every dollar of revenue. On growth, MediaAlpha, Inc. posted the faster year-over-year revenue change (17.3% vs 9.7%). Over the past eight quarters, GigaCloud Technology Inc's revenue compounded faster (36.6% CAGR vs 31.9%).

GigaCloud Technology Inc. is an American e-commerce company that helps retailers buy and sell big and bulky, non-standardized items such as furniture, appliances, and fitness equipment. They own a business-to-business online marketplace and act as a middleman by handling sales, logistics and also delivery to end customers. GigaCloud is headquartered in El Monte, California, and is listed on the Nasdaq stock exchange since August 2022.

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

GCT vs MAX — Head-to-Head

Bigger by revenue
GCT
GCT
1.1× larger
GCT
$332.6M
$310.0M
MAX
Growing faster (revenue YoY)
MAX
MAX
+7.6% gap
MAX
17.3%
9.7%
GCT
Higher net margin
GCT
GCT
6.6% more per $
GCT
11.2%
4.5%
MAX
Faster 2-yr revenue CAGR
GCT
GCT
Annualised
GCT
36.6%
31.9%
MAX

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GCT
GCT
MAX
MAX
Revenue
$332.6M
$310.0M
Net Profit
$37.2M
$14.0M
Gross Margin
23.2%
15.1%
Operating Margin
12.2%
7.2%
Net Margin
11.2%
4.5%
Revenue YoY
9.7%
17.3%
Net Profit YoY
-8.6%
701.8%
EPS (diluted)
$0.99

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
GCT
GCT
MAX
MAX
Q1 26
$310.0M
Q4 25
$291.2M
Q3 25
$332.6M
$306.5M
Q2 25
$322.6M
$251.6M
Q1 25
$271.9M
$264.3M
Q4 24
$295.8M
$300.6M
Q3 24
$303.3M
$259.1M
Q2 24
$310.9M
$178.3M
Net Profit
GCT
GCT
MAX
MAX
Q1 26
$14.0M
Q4 25
$31.4M
Q3 25
$37.2M
$14.9M
Q2 25
$34.6M
$-18.7M
Q1 25
$27.1M
$-1.9M
Q4 24
$31.0M
$4.6M
Q3 24
$40.7M
$9.5M
Q2 24
$27.0M
$3.6M
Gross Margin
GCT
GCT
MAX
MAX
Q1 26
15.1%
Q4 25
15.4%
Q3 25
23.2%
14.2%
Q2 25
23.9%
15.0%
Q1 25
23.4%
15.8%
Q4 24
22.0%
16.3%
Q3 24
25.5%
15.1%
Q2 24
24.6%
17.8%
Operating Margin
GCT
GCT
MAX
MAX
Q1 26
7.2%
Q4 25
7.7%
Q3 25
12.2%
6.4%
Q2 25
11.1%
-8.0%
Q1 25
10.4%
0.0%
Q4 24
9.3%
6.1%
Q3 24
13.4%
6.0%
Q2 24
8.8%
3.6%
Net Margin
GCT
GCT
MAX
MAX
Q1 26
4.5%
Q4 25
10.8%
Q3 25
11.2%
4.9%
Q2 25
10.7%
-7.4%
Q1 25
10.0%
-0.7%
Q4 24
10.5%
1.5%
Q3 24
13.4%
3.7%
Q2 24
8.7%
2.0%
EPS (diluted)
GCT
GCT
MAX
MAX
Q1 26
Q4 25
$0.50
Q3 25
$0.99
$0.26
Q2 25
$0.91
$-0.33
Q1 25
$0.68
$-0.04
Q4 24
$0.76
$0.09
Q3 24
$0.98
$0.17
Q2 24
$0.65
$0.07

Balance Sheet & Financial Strength

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

Metric
GCT
GCT
MAX
MAX
Cash + ST InvestmentsLiquidity on hand
$365.9M
$26.1M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$457.3M
Total Assets
$1.1B
$367.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GCT
GCT
MAX
MAX
Q1 26
$26.1M
Q4 25
$46.9M
Q3 25
$365.9M
$38.8M
Q2 25
$303.0M
$85.4M
Q1 25
$286.8M
$63.6M
Q4 24
$302.4M
$43.3M
Q3 24
$259.8M
$32.3M
Q2 24
$207.8M
$28.7M
Total Debt
GCT
GCT
MAX
MAX
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
GCT
GCT
MAX
MAX
Q1 26
Q4 25
$4.2M
Q3 25
$457.3M
$-29.8M
Q2 25
$431.4M
$-3.8M
Q1 25
$412.9M
$7.9M
Q4 24
$405.2M
$2.4M
Q3 24
$400.4M
$-8.4M
Q2 24
$358.4M
$-24.4M
Total Assets
GCT
GCT
MAX
MAX
Q1 26
$367.7M
Q4 25
$383.8M
Q3 25
$1.1B
$266.2M
Q2 25
$1.1B
$249.4M
Q1 25
$1.1B
$240.0M
Q4 24
$1.1B
$262.4M
Q3 24
$1.1B
$236.1M
Q2 24
$1.1B
$198.2M
Debt / Equity
GCT
GCT
MAX
MAX
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
GCT
GCT
MAX
MAX
Operating Cash FlowLast quarter
$78.3M
Free Cash FlowOCF − Capex
$77.1M
FCF MarginFCF / Revenue
23.2%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
2.10×
TTM Free Cash FlowTrailing 4 quarters
$188.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GCT
GCT
MAX
MAX
Q1 26
Q4 25
$-7.4M
Q3 25
$78.3M
$23.6M
Q2 25
$38.6M
$25.7M
Q1 25
$9.4M
$23.7M
Q4 24
$68.4M
$14.5M
Q3 24
$55.2M
$8.1M
Q2 24
$19.1M
$21.6M
Free Cash Flow
GCT
GCT
MAX
MAX
Q1 26
Q4 25
$-7.5M
Q3 25
$77.1M
$23.6M
Q2 25
$37.0M
$25.5M
Q1 25
$7.0M
$23.6M
Q4 24
$66.9M
$14.5M
Q3 24
$51.4M
$8.0M
Q2 24
$12.9M
$21.5M
FCF Margin
GCT
GCT
MAX
MAX
Q1 26
Q4 25
-2.6%
Q3 25
23.2%
7.7%
Q2 25
11.5%
10.2%
Q1 25
2.6%
8.9%
Q4 24
22.6%
4.8%
Q3 24
16.9%
3.1%
Q2 24
4.2%
12.0%
Capex Intensity
GCT
GCT
MAX
MAX
Q1 26
Q4 25
0.0%
Q3 25
0.4%
0.0%
Q2 25
0.5%
0.1%
Q1 25
0.9%
0.0%
Q4 24
0.5%
0.0%
Q3 24
1.3%
0.0%
Q2 24
2.0%
0.1%
Cash Conversion
GCT
GCT
MAX
MAX
Q1 26
Q4 25
-0.24×
Q3 25
2.10×
1.58×
Q2 25
1.12×
Q1 25
0.35×
Q4 24
2.21×
3.13×
Q3 24
1.36×
0.85×
Q2 24
0.71×
5.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GCT
GCT

Services$108.4M33%
Transferred Over Time$89.8M27%
Product Sales To B$50.1M15%
Last Mile Delivery Service$49.2M15%
Warehousing Service$14.2M4%
Ocean Transportation Service$9.0M3%
Platform Commission$4.9M1%
Drayage Service$3.2M1%

MAX
MAX

Segment breakdown not available.

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