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Side-by-side financial comparison of HELEN OF TROY LTD (HELE) and MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX). Click either name above to swap in a different company.

HELEN OF TROY LTD is the larger business by last-quarter revenue ($512.8M vs $339.8M, roughly 1.5× MIAMI INTERNATIONAL HOLDINGS, INC.). HELEN OF TROY LTD runs the higher net margin — -16.4% vs -30.0%, a 13.7% gap on every dollar of revenue. On growth, MIAMI INTERNATIONAL HOLDINGS, INC. posted the faster year-over-year revenue change (22.8% vs -3.4%). MIAMI INTERNATIONAL HOLDINGS, INC. produced more free cash flow last quarter ($102.2M vs $5.8M).

Helen of Troy Limited is an American publicly traded designer, developer and worldwide marketer of consumer brand-name housewares, health and home, and beauty products under owned and licensed brands. It is the parent corporation of OXO International Ltd., Kaz, Inc., Steel Technology, LLC, and Idelle Labs, Ltd, among others. The company is headquartered in Hamilton, Bermuda, with U.S. operations headquartered in El Paso, Texas. The company is named after the mythic figure Helen of Troy.

Miami Air International was an American charter airline based in Miami-Dade County, Florida, United States. It operated worldwide passenger charter flights for diverse groups including cruise operators, professional sports teams and the United States military. It was based at Miami International Airport. Miami Air's customers included incentive groups, sports teams, Fortune 500 companies, major cruise lines, entertainers, political candidates and the United States government. Under the Civil ...

HELE vs MIAX — Head-to-Head

Bigger by revenue
HELE
HELE
1.5× larger
HELE
$512.8M
$339.8M
MIAX
Growing faster (revenue YoY)
MIAX
MIAX
+26.2% gap
MIAX
22.8%
-3.4%
HELE
Higher net margin
HELE
HELE
13.7% more per $
HELE
-16.4%
-30.0%
MIAX
More free cash flow
MIAX
MIAX
$96.4M more FCF
MIAX
$102.2M
$5.8M
HELE

Income Statement — Q3 FY2026 vs Q3 FY2025

Metric
HELE
HELE
MIAX
MIAX
Revenue
$512.8M
$339.8M
Net Profit
$-84.1M
$-102.1M
Gross Margin
46.9%
32.2%
Operating Margin
-1.6%
-0.1%
Net Margin
-16.4%
-30.0%
Revenue YoY
-3.4%
22.8%
Net Profit YoY
-269.4%
-3086.0%
EPS (diluted)
$-3.65
$-1.46

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
HELE
HELE
MIAX
MIAX
Q4 25
$512.8M
Q3 25
$431.8M
$339.8M
Q2 25
$371.7M
Q1 25
$485.9M
Q4 24
$530.7M
Q3 24
$474.2M
$276.7M
Q2 24
$416.8M
Q1 24
$489.2M
Net Profit
HELE
HELE
MIAX
MIAX
Q4 25
$-84.1M
Q3 25
$-308.6M
$-102.1M
Q2 25
$-450.7M
Q1 25
$50.9M
Q4 24
$49.6M
Q3 24
$17.0M
$-3.2M
Q2 24
$6.2M
Q1 24
$42.7M
Gross Margin
HELE
HELE
MIAX
MIAX
Q4 25
46.9%
Q3 25
44.2%
32.2%
Q2 25
47.1%
Q1 25
48.6%
Q4 24
48.9%
Q3 24
45.6%
25.1%
Q2 24
48.7%
Q1 24
49.0%
Operating Margin
HELE
HELE
MIAX
MIAX
Q4 25
-1.6%
Q3 25
-73.1%
-0.1%
Q2 25
-109.5%
Q1 25
0.4%
Q4 24
14.2%
Q3 24
7.3%
-0.4%
Q2 24
7.4%
Q1 24
13.5%
Net Margin
HELE
HELE
MIAX
MIAX
Q4 25
-16.4%
Q3 25
-71.5%
-30.0%
Q2 25
-121.3%
Q1 25
10.5%
Q4 24
9.3%
Q3 24
3.6%
-1.2%
Q2 24
1.5%
Q1 24
8.7%
EPS (diluted)
HELE
HELE
MIAX
MIAX
Q4 25
$-3.65
Q3 25
$-13.44
$-1.46
Q2 25
$-19.65
Q1 25
$2.20
Q4 24
$2.17
Q3 24
$0.74
$-0.05
Q2 24
$0.26
Q1 24
$1.76

Balance Sheet & Financial Strength

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

Metric
HELE
HELE
MIAX
MIAX
Cash + ST InvestmentsLiquidity on hand
$27.1M
$401.5M
Total DebtLower is stronger
$6.5M
Stockholders' EquityBook value
$852.3M
$831.9M
Total Assets
$2.3B
$1.2B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HELE
HELE
MIAX
MIAX
Q4 25
$27.1M
Q3 25
$22.4M
$401.5M
Q2 25
$22.7M
Q1 25
$18.9M
Q4 24
$40.8M
Q3 24
$20.1M
$125.1M
Q2 24
$16.1M
Q1 24
$18.5M
Total Debt
HELE
HELE
MIAX
MIAX
Q4 25
Q3 25
$6.5M
Q2 25
Q1 25
$921.9M
Q4 24
Q3 24
Q2 24
Q1 24
$672.0M
Stockholders' Equity
HELE
HELE
MIAX
MIAX
Q4 25
$852.3M
Q3 25
$926.3M
$831.9M
Q2 25
$1.2B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.6B
$351.4M
Q2 24
$1.5B
Q1 24
$1.6B
Total Assets
HELE
HELE
MIAX
MIAX
Q4 25
$2.3B
Q3 25
$2.4B
$1.2B
Q2 25
$2.7B
Q1 25
$3.1B
Q4 24
$3.0B
Q3 24
$2.9B
Q2 24
$2.8B
Q1 24
$2.8B
Debt / Equity
HELE
HELE
MIAX
MIAX
Q4 25
Q3 25
0.01×
Q2 25
Q1 25
0.55×
Q4 24
Q3 24
Q2 24
Q1 24
0.41×

Cash Flow & Capital Efficiency

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

Metric
HELE
HELE
MIAX
MIAX
Operating Cash FlowLast quarter
$11.9M
$120.8M
Free Cash FlowOCF − Capex
$5.8M
$102.2M
FCF MarginFCF / Revenue
1.1%
30.1%
Capex IntensityCapex / Revenue
1.2%
5.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$55.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HELE
HELE
MIAX
MIAX
Q4 25
$11.9M
Q3 25
$-10.5M
$120.8M
Q2 25
$58.3M
Q1 25
$35.0M
Q4 24
$8.3M
Q3 24
$44.6M
Q2 24
$25.3M
Q1 24
$73.6M
Free Cash Flow
HELE
HELE
MIAX
MIAX
Q4 25
$5.8M
Q3 25
$-21.9M
$102.2M
Q2 25
$45.0M
Q1 25
$27.1M
Q4 24
$191.0K
Q3 24
$39.7M
Q2 24
$16.2M
Q1 24
$66.6M
FCF Margin
HELE
HELE
MIAX
MIAX
Q4 25
1.1%
Q3 25
-5.1%
30.1%
Q2 25
12.1%
Q1 25
5.6%
Q4 24
0.0%
Q3 24
8.4%
Q2 24
3.9%
Q1 24
13.6%
Capex Intensity
HELE
HELE
MIAX
MIAX
Q4 25
1.2%
Q3 25
2.7%
5.5%
Q2 25
3.6%
Q1 25
1.6%
Q4 24
1.5%
Q3 24
1.0%
Q2 24
2.2%
Q1 24
1.4%
Cash Conversion
HELE
HELE
MIAX
MIAX
Q4 25
Q3 25
Q2 25
Q1 25
0.69×
Q4 24
0.17×
Q3 24
2.62×
Q2 24
4.08×
Q1 24
1.72×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HELE
HELE

Beauty Wellness$283.2M55%
Home Outdoor$229.6M45%

MIAX
MIAX

Transferred At Point In Time$246.7M73%
Transferred Over Time$29.9M9%
Access Fees$27.1M8%
Futures Segment$19.4M6%
Other$9.1M3%
TISEG$4.7M1%

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