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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $43.6M, roughly 1.6× GRAIL, Inc.). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -227.5%, a 244.8% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs 14.0%). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 15.0%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
GRAL vs MFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $70.6M |
| Net Profit | $-99.2M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 29.3% |
| Net Margin | -227.5% | 17.3% |
| Revenue YoY | 14.0% | 25.4% |
| Net Profit YoY | -2.2% | 20.3% |
| EPS (diluted) | $-2.37 | $0.50 |
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.
| Q4 25 | $43.6M | $70.6M | ||
| Q3 25 | $36.2M | $58.7M | ||
| Q2 25 | $35.5M | $62.6M | ||
| Q1 25 | $31.8M | $63.0M | ||
| Q4 24 | $38.3M | $56.3M | ||
| Q3 24 | $28.7M | $53.3M | ||
| Q2 24 | $32.0M | $51.0M | ||
| Q1 24 | $26.7M | $53.3M |
| Q4 25 | $-99.2M | $12.2M | ||
| Q3 25 | $-89.0M | $7.8M | ||
| Q2 25 | $-114.0M | $11.1M | ||
| Q1 25 | $-106.2M | $12.0M | ||
| Q4 24 | $-97.1M | $10.1M | ||
| Q3 24 | $-125.7M | $8.6M | ||
| Q2 24 | $-1.6B | $7.1M | ||
| Q1 24 | $-218.9M | $10.0M |
| Q4 25 | -285.4% | 29.3% | ||
| Q3 25 | -346.2% | 33.2% | ||
| Q2 25 | -446.9% | 31.1% | ||
| Q1 25 | -482.5% | 32.1% | ||
| Q4 24 | -358.0% | 32.8% | ||
| Q3 24 | -640.5% | 26.6% | ||
| Q2 24 | -5133.8% | 24.3% | ||
| Q1 24 | -851.1% | 33.6% |
| Q4 25 | -227.5% | 17.3% | ||
| Q3 25 | -245.8% | 13.2% | ||
| Q2 25 | -320.7% | 17.7% | ||
| Q1 25 | -333.6% | 19.1% | ||
| Q4 24 | -253.8% | 18.0% | ||
| Q3 24 | -438.7% | 16.1% | ||
| Q2 24 | -4958.8% | 13.9% | ||
| Q1 24 | -819.3% | 18.8% |
| Q4 25 | $-2.37 | $0.50 | ||
| Q3 25 | $-2.46 | $0.32 | ||
| Q2 25 | $-3.18 | $0.46 | ||
| Q1 25 | $-3.10 | $0.50 | ||
| Q4 24 | $-1.49 | $0.43 | ||
| Q3 24 | $-3.94 | $0.37 | ||
| Q2 24 | $-51.06 | $0.30 | ||
| Q1 24 | $-7.05 | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | $136.3M |
| Total DebtLower is stronger | — | $216.0M |
| Stockholders' EquityBook value | $2.6B | $408.6M |
| Total Assets | $2.9B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | $136.3M | ||
| Q3 25 | $126.9M | $72.5M | ||
| Q2 25 | $127.4M | $110.4M | ||
| Q1 25 | $133.9M | $131.5M | ||
| Q4 24 | $214.2M | $98.2M | ||
| Q3 24 | $853.6M | $120.6M | ||
| Q2 24 | $958.8M | $87.7M | ||
| Q1 24 | $199.7M | $54.8M |
| Q4 25 | — | $216.0M | ||
| Q3 25 | — | $215.7M | ||
| Q2 25 | — | $199.9M | ||
| Q1 25 | — | $199.7M | ||
| Q4 24 | — | $232.2M | ||
| Q3 24 | — | $232.0M | ||
| Q2 24 | — | $230.8M | ||
| Q1 24 | — | $225.6M |
| Q4 25 | $2.6B | $408.6M | ||
| Q3 25 | $2.2B | $397.4M | ||
| Q2 25 | $2.3B | $389.9M | ||
| Q1 25 | $2.4B | $380.2M | ||
| Q4 24 | $2.5B | $370.2M | ||
| Q3 24 | $2.6B | $362.4M | ||
| Q2 24 | $2.7B | $354.0M | ||
| Q1 24 | — | $349.0M |
| Q4 25 | $2.9B | $3.0B | ||
| Q3 25 | $2.6B | $2.9B | ||
| Q2 25 | $2.7B | $2.9B | ||
| Q1 25 | $2.8B | $2.8B | ||
| Q4 24 | $3.0B | $2.9B | ||
| Q3 24 | $3.1B | $2.9B | ||
| Q2 24 | $3.3B | $2.8B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.65× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.8M | $126.3M |
| Free Cash FlowOCF − Capex | $-63.9M | — |
| FCF MarginFCF / Revenue | -146.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $126.3M | ||
| Q3 25 | $-63.2M | $67.0M | ||
| Q2 25 | $-77.0M | $-10.7M | ||
| Q1 25 | $-95.0M | $36.3M | ||
| Q4 24 | — | $108.7M | ||
| Q3 24 | $-104.6M | $24.6M | ||
| Q2 24 | $-171.8M | $27.6M | ||
| Q1 24 | $-207.3M | $32.3M |
| Q4 25 | $-63.9M | — | ||
| Q3 25 | $-63.6M | — | ||
| Q2 25 | $-77.3M | — | ||
| Q1 25 | $-95.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-105.6M | — | ||
| Q2 24 | $-173.2M | — | ||
| Q1 24 | $-209.8M | — |
| Q4 25 | -146.5% | — | ||
| Q3 25 | -175.8% | — | ||
| Q2 25 | -217.6% | — | ||
| Q1 25 | -298.6% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -368.4% | — | ||
| Q2 24 | -541.7% | — | ||
| Q1 24 | -785.3% | — |
| Q4 25 | 0.2% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 1.0% | — | ||
| Q1 25 | 0.2% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.4% | — | ||
| Q2 24 | 4.3% | — | ||
| Q1 24 | 9.5% | — |
| Q4 25 | — | 10.35× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | — | -0.97× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 10.72× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 3.89× | ||
| Q1 24 | — | 3.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
MFIN
Segment breakdown not available.
