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Side-by-side financial comparison of Hut 8 Corp. (HUT) and MAXLINEAR, INC (MXL). Click either name above to swap in a different company.

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $88.5M, roughly 1.6× Hut 8 Corp.). MAXLINEAR, INC runs the higher net margin — -32.9% vs -316.0%, a 283.1% gap on every dollar of revenue. On growth, Hut 8 Corp. posted the faster year-over-year revenue change (179.2% vs 43.0%). Over the past eight quarters, Hut 8 Corp.'s revenue compounded faster (30.8% CAGR vs 22.1%).

Tropical Hut is a Filipino chain of fast food restaurants owned by Mercury Group of Companies, Inc. It is the 7th oldest food chain in the Philippines and older than Jollibee (1978) and McDonald's Philippines (1981).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

HUT vs MXL — Head-to-Head

Bigger by revenue
MXL
MXL
1.6× larger
MXL
$137.2M
$88.5M
HUT
Growing faster (revenue YoY)
HUT
HUT
+136.2% gap
HUT
179.2%
43.0%
MXL
Higher net margin
MXL
MXL
283.1% more per $
MXL
-32.9%
-316.0%
HUT
Faster 2-yr revenue CAGR
HUT
HUT
Annualised
HUT
30.8%
22.1%
MXL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HUT
HUT
MXL
MXL
Revenue
$88.5M
$137.2M
Net Profit
$-279.7M
$-45.1M
Gross Margin
60.4%
57.5%
Operating Margin
-491.4%
30.0%
Net Margin
-316.0%
-32.9%
Revenue YoY
179.2%
43.0%
Net Profit YoY
-283.7%
-203.0%
EPS (diluted)
$-2.45
$-0.52

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
HUT
HUT
MXL
MXL
Q1 26
$137.2M
Q4 25
$88.5M
$136.4M
Q3 25
$83.5M
$126.5M
Q2 25
$41.3M
$108.8M
Q1 25
$21.8M
$95.9M
Q4 24
$31.7M
$92.2M
Q3 24
$43.7M
$81.1M
Q2 24
$35.2M
$92.0M
Net Profit
HUT
HUT
MXL
MXL
Q1 26
$-45.1M
Q4 25
$-279.7M
$-14.9M
Q3 25
$50.1M
$-45.5M
Q2 25
$137.3M
$-26.6M
Q1 25
$-133.9M
$-49.7M
Q4 24
$152.2M
$-57.8M
Q3 24
$647.0K
$-75.8M
Q2 24
$-71.9M
$-39.3M
Gross Margin
HUT
HUT
MXL
MXL
Q1 26
57.5%
Q4 25
60.4%
57.6%
Q3 25
61.3%
56.9%
Q2 25
47.3%
56.5%
Q1 25
14.5%
56.1%
Q4 24
35.9%
55.6%
Q3 24
59.9%
54.4%
Q2 24
41.4%
54.6%
Operating Margin
HUT
HUT
MXL
MXL
Q1 26
30.0%
Q4 25
-491.4%
-10.9%
Q3 25
87.0%
-32.7%
Q2 25
-22.6%
Q1 25
-676.8%
-48.0%
Q4 24
-44.7%
Q3 24
-3.6%
-82.3%
Q2 24
-246.2%
-44.4%
Net Margin
HUT
HUT
MXL
MXL
Q1 26
-32.9%
Q4 25
-316.0%
-10.9%
Q3 25
60.0%
-36.0%
Q2 25
332.5%
-24.4%
Q1 25
-613.7%
-51.8%
Q4 24
480.3%
-62.8%
Q3 24
1.5%
-93.4%
Q2 24
-204.1%
-42.7%
EPS (diluted)
HUT
HUT
MXL
MXL
Q1 26
$-0.52
Q4 25
$-2.45
$-0.17
Q3 25
$0.43
$-0.52
Q2 25
$1.18
$-0.31
Q1 25
$-1.30
$-0.58
Q4 24
$1.41
$-0.68
Q3 24
$0.01
$-0.90
Q2 24
$-0.78
$-0.47

Balance Sheet & Financial Strength

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

Metric
HUT
HUT
MXL
MXL
Cash + ST InvestmentsLiquidity on hand
$44.9M
$61.1M
Total DebtLower is stronger
$123.8M
Stockholders' EquityBook value
$1.4B
$454.2M
Total Assets
$2.8B
$771.3M
Debt / EquityLower = less leverage
0.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HUT
HUT
MXL
MXL
Q1 26
$61.1M
Q4 25
$44.9M
$72.8M
Q3 25
$33.5M
$111.9M
Q2 25
$216.3M
$108.6M
Q1 25
$108.4M
$102.8M
Q4 24
$85.0M
$118.6M
Q3 24
$148.5M
Q2 24
$185.1M
Total Debt
HUT
HUT
MXL
MXL
Q1 26
$123.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$300.6M
Q3 24
$297.3M
Q2 24
$328.8M
Stockholders' Equity
HUT
HUT
MXL
MXL
Q1 26
$454.2M
Q4 25
$1.4B
$451.9M
Q3 25
$1.4B
$464.7M
Q2 25
$1.3B
$488.3M
Q1 25
$960.0M
$493.2M
Q4 24
$976.7M
$516.3M
Q3 24
$703.9M
$556.9M
Q2 24
$660.1M
$617.3M
Total Assets
HUT
HUT
MXL
MXL
Q1 26
$771.3M
Q4 25
$2.8B
$796.4M
Q3 25
$2.7B
$808.1M
Q2 25
$2.0B
$863.7M
Q1 25
$1.6B
$855.3M
Q4 24
$1.5B
$864.6M
Q3 24
$1.1B
$895.3M
Q2 24
$1.1B
$973.2M
Debt / Equity
HUT
HUT
MXL
MXL
Q1 26
0.27×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.31×
Q3 24
0.42×
Q2 24
0.50×

Cash Flow & Capital Efficiency

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

Metric
HUT
HUT
MXL
MXL
Operating Cash FlowLast quarter
$-139.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HUT
HUT
MXL
MXL
Q1 26
Q4 25
$-139.2M
$10.4M
Q3 25
$770.0K
$10.1M
Q2 25
$-48.8M
$10.5M
Q1 25
$-33.8M
$-11.4M
Q4 24
$-68.5M
$-27.8M
Q3 24
$-4.2M
$-30.7M
Q2 24
$-16.4M
$-2.7M
Free Cash Flow
HUT
HUT
MXL
MXL
Q1 26
Q4 25
$6.7M
Q3 25
$4.4M
Q2 25
$9.3M
Q1 25
$-13.4M
Q4 24
$-30.0M
Q3 24
$-34.9M
Q2 24
$-5.7M
FCF Margin
HUT
HUT
MXL
MXL
Q1 26
Q4 25
4.9%
Q3 25
3.5%
Q2 25
8.6%
Q1 25
-14.0%
Q4 24
-32.6%
Q3 24
-43.0%
Q2 24
-6.2%
Capex Intensity
HUT
HUT
MXL
MXL
Q1 26
Q4 25
2.7%
Q3 25
4.5%
Q2 25
1.1%
Q1 25
2.1%
Q4 24
2.4%
Q3 24
5.1%
Q2 24
3.3%
Cash Conversion
HUT
HUT
MXL
MXL
Q1 26
Q4 25
Q3 25
0.02×
Q2 25
-0.36×
Q1 25
Q4 24
-0.45×
Q3 24
-6.49×
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HUT
HUT

High Performance Computing Colocation And Cloud$81.9M93%
Power$5.0M6%
Digital Infrastructure$1.6M2%

MXL
MXL

Segment breakdown not available.

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