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Side-by-side financial comparison of INNODATA INC (INOD) and McEwen Inc. (MUX). Click either name above to swap in a different company.

INNODATA INC is the larger business by last-quarter revenue ($72.4M vs $64.6M, roughly 1.1× McEwen Inc.). McEwen Inc. runs the higher net margin — 59.0% vs 12.2%, a 46.8% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs 22.3%). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% CAGR vs 25.2%).

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

INOD vs MUX — Head-to-Head

Bigger by revenue
INOD
INOD
1.1× larger
INOD
$72.4M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+70.5% gap
MUX
92.8%
22.3%
INOD
Higher net margin
MUX
MUX
46.8% more per $
MUX
59.0%
12.2%
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
25.2%
MUX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
INOD
INOD
MUX
MUX
Revenue
$72.4M
$64.6M
Net Profit
$8.8M
$38.1M
Gross Margin
38.3%
26.9%
Operating Margin
15.1%
34.2%
Net Margin
12.2%
59.0%
Revenue YoY
22.3%
92.8%
Net Profit YoY
-14.2%
563.1%
EPS (diluted)
$0.26
$0.66

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
INOD
INOD
MUX
MUX
Q4 25
$72.4M
$64.6M
Q3 25
$62.5M
$50.5M
Q2 25
$58.4M
$46.7M
Q1 25
$58.3M
$35.7M
Q4 24
$59.2M
$33.5M
Q3 24
$52.2M
$52.3M
Q2 24
$32.6M
$47.5M
Q1 24
$26.5M
$41.2M
Net Profit
INOD
INOD
MUX
MUX
Q4 25
$8.8M
$38.1M
Q3 25
$8.3M
$-462.0K
Q2 25
$7.2M
$3.0M
Q1 25
$7.8M
$-6.3M
Q4 24
$10.3M
$-8.2M
Q3 24
$17.4M
$-2.1M
Q2 24
$-14.0K
$-13.0M
Q1 24
$989.0K
$-20.4M
Gross Margin
INOD
INOD
MUX
MUX
Q4 25
38.3%
26.9%
Q3 25
40.8%
15.5%
Q2 25
39.4%
26.3%
Q1 25
39.9%
28.2%
Q4 24
45.2%
1.1%
Q3 24
40.8%
26.4%
Q2 24
28.7%
22.7%
Q1 24
36.4%
14.6%
Operating Margin
INOD
INOD
MUX
MUX
Q4 25
15.1%
34.2%
Q3 25
18.8%
-16.7%
Q2 25
15.3%
-7.2%
Q1 25
14.2%
-21.4%
Q4 24
19.0%
-43.4%
Q3 24
21.9%
-0.2%
Q2 24
1.0%
-29.4%
Q1 24
5.0%
-53.3%
Net Margin
INOD
INOD
MUX
MUX
Q4 25
12.2%
59.0%
Q3 25
13.3%
-0.9%
Q2 25
12.4%
6.5%
Q1 25
13.3%
-17.6%
Q4 24
17.4%
-24.6%
Q3 24
33.3%
-4.0%
Q2 24
-0.0%
-27.4%
Q1 24
3.7%
-49.4%
EPS (diluted)
INOD
INOD
MUX
MUX
Q4 25
$0.26
$0.66
Q3 25
$0.24
$-0.01
Q2 25
$0.20
$0.06
Q1 25
$0.22
$-0.12
Q4 24
$0.35
$-0.15
Q3 24
$0.51
$-0.04
Q2 24
$0.00
$-0.26
Q1 24
$0.03
$-0.41

Balance Sheet & Financial Strength

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

Metric
INOD
INOD
MUX
MUX
Cash + ST InvestmentsLiquidity on hand
$82.2M
$72.1M
Total DebtLower is stronger
$126.2M
Stockholders' EquityBook value
$107.1M
$546.2M
Total Assets
$168.6M
$820.2M
Debt / EquityLower = less leverage
0.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
INOD
INOD
MUX
MUX
Q4 25
$82.2M
$72.1M
Q3 25
$73.9M
$75.4M
Q2 25
$59.8M
$69.5M
Q1 25
$56.6M
$79.3M
Q4 24
$46.9M
$15.3M
Q3 24
$26.4M
$30.2M
Q2 24
$16.5M
$42.6M
Q1 24
$19.0M
$22.0M
Total Debt
INOD
INOD
MUX
MUX
Q4 25
$126.2M
Q3 25
$126.0M
Q2 25
$125.8M
Q1 25
$125.5M
Q4 24
$40.0M
Q3 24
$31.0M
Q2 24
$34.0M
Q1 24
$37.0M
Stockholders' Equity
INOD
INOD
MUX
MUX
Q4 25
$107.1M
$546.2M
Q3 25
$97.3M
$488.6M
Q2 25
$86.7M
$484.5M
Q1 25
$75.5M
$479.8M
Q4 24
$63.5M
$495.0M
Q3 24
$47.7M
$502.1M
Q2 24
$29.0M
$485.2M
Q1 24
$27.6M
$482.5M
Total Assets
INOD
INOD
MUX
MUX
Q4 25
$168.6M
$820.2M
Q3 25
$152.9M
$747.6M
Q2 25
$132.6M
$735.6M
Q1 25
$125.2M
$730.6M
Q4 24
$113.4M
$664.6M
Q3 24
$88.2M
$667.8M
Q2 24
$66.0M
$645.1M
Q1 24
$63.6M
$638.7M
Debt / Equity
INOD
INOD
MUX
MUX
Q4 25
0.23×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.26×
Q4 24
0.08×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
INOD
INOD
MUX
MUX
Operating Cash FlowLast quarter
$12.9M
$3.1M
Free Cash FlowOCF − Capex
$10.1M
FCF MarginFCF / Revenue
13.9%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
1.46×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
INOD
INOD
MUX
MUX
Q4 25
$12.9M
$3.1M
Q3 25
$18.8M
$5.2M
Q2 25
$4.2M
$478.0K
Q1 25
$10.9M
$-1.9M
Q4 24
$17.2M
$-1.2M
Q3 24
$11.4M
$23.2M
Q2 24
$-454.0K
$3.6M
Q1 24
$6.8M
$3.9M
Free Cash Flow
INOD
INOD
MUX
MUX
Q4 25
$10.1M
Q3 25
$14.5M
Q2 25
$2.5M
Q1 25
$8.5M
Q4 24
$15.0M
Q3 24
$9.9M
Q2 24
$-3.2M
Q1 24
$5.4M
FCF Margin
INOD
INOD
MUX
MUX
Q4 25
13.9%
Q3 25
23.2%
Q2 25
4.3%
Q1 25
14.6%
Q4 24
25.3%
Q3 24
19.0%
Q2 24
-9.8%
Q1 24
20.5%
Capex Intensity
INOD
INOD
MUX
MUX
Q4 25
3.9%
Q3 25
6.8%
Q2 25
2.9%
Q1 25
4.0%
Q4 24
3.7%
Q3 24
2.8%
Q2 24
8.4%
Q1 24
5.1%
Cash Conversion
INOD
INOD
MUX
MUX
Q4 25
1.46×
0.08×
Q3 25
2.25×
Q2 25
0.59×
0.16×
Q1 25
1.40×
Q4 24
1.67×
Q3 24
0.65×
Q2 24
Q1 24
6.84×

Financial Flow Comparison

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

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