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Side-by-side financial comparison of iQSTEL Inc (IQST) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $70.6M, roughly 1.2× MEDALLION FINANCIAL CORP). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -3.2%, a 20.5% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs -14.9%). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% CAGR vs 15.0%).
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
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.
IQST vs MFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $84.2M | $70.6M |
| Net Profit | $-2.7M | $12.2M |
| Gross Margin | 3.5% | — |
| Operating Margin | -2.9% | 29.3% |
| Net Margin | -3.2% | 17.3% |
| Revenue YoY | -14.9% | 25.4% |
| Net Profit YoY | -44.5% | 20.3% |
| EPS (diluted) | $-0.92 | $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 | $84.2M | $70.6M | ||
| Q3 25 | $102.9M | $58.7M | ||
| Q2 25 | $72.2M | $62.6M | ||
| Q1 25 | $57.6M | $63.0M | ||
| Q4 24 | $98.9M | $56.3M | ||
| Q3 24 | $54.2M | $53.3M | ||
| Q2 24 | $78.6M | $51.0M | ||
| Q1 24 | $51.4M | $53.3M |
| Q4 25 | $-2.7M | $12.2M | ||
| Q3 25 | $-2.3M | $7.8M | ||
| Q2 25 | $-2.3M | $11.1M | ||
| Q1 25 | $-1.1M | $12.0M | ||
| Q4 24 | $-1.9M | $10.1M | ||
| Q3 24 | $-773.0K | $8.6M | ||
| Q2 24 | $-2.0M | $7.1M | ||
| Q1 24 | $-580.2K | $10.0M |
| Q4 25 | 3.5% | — | ||
| Q3 25 | 2.7% | — | ||
| Q2 25 | 2.6% | — | ||
| Q1 25 | 3.4% | — | ||
| Q4 24 | 2.7% | — | ||
| Q3 24 | 3.7% | — | ||
| Q2 24 | 2.8% | — | ||
| Q1 24 | 2.7% | — |
| Q4 25 | -2.9% | 29.3% | ||
| Q3 25 | -0.5% | 33.2% | ||
| Q2 25 | -0.9% | 31.1% | ||
| Q1 25 | -1.0% | 32.1% | ||
| Q4 24 | -0.3% | 32.8% | ||
| Q3 24 | -0.1% | 26.6% | ||
| Q2 24 | -0.4% | 24.3% | ||
| Q1 24 | -0.4% | 33.6% |
| Q4 25 | -3.2% | 17.3% | ||
| Q3 25 | -2.3% | 13.2% | ||
| Q2 25 | -3.3% | 17.7% | ||
| Q1 25 | -2.0% | 19.1% | ||
| Q4 24 | -1.9% | 18.0% | ||
| Q3 24 | -1.4% | 16.1% | ||
| Q2 24 | -2.5% | 13.9% | ||
| Q1 24 | -1.1% | 18.8% |
| Q4 25 | $-0.92 | $0.50 | ||
| Q3 25 | $-0.68 | $0.32 | ||
| Q2 25 | $-0.82 | $0.46 | ||
| Q1 25 | $-0.44 | $0.50 | ||
| Q4 24 | $-1.19 | $0.43 | ||
| Q3 24 | $-0.40 | $0.37 | ||
| Q2 24 | $-0.90 | $0.30 | ||
| Q1 24 | $-0.37 | $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 | $2.2M | $136.3M |
| Total DebtLower is stronger | $4.1M | $216.0M |
| Stockholders' EquityBook value | $16.3M | $408.6M |
| Total Assets | $51.1M | $3.0B |
| Debt / EquityLower = less leverage | 0.25× | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.2M | $136.3M | ||
| Q3 25 | $2.3M | $72.5M | ||
| Q2 25 | $2.0M | $110.4M | ||
| Q1 25 | $1.1M | $131.5M | ||
| Q4 24 | $2.5M | $98.2M | ||
| Q3 24 | $2.1M | $120.6M | ||
| Q2 24 | $797.2K | $87.7M | ||
| Q1 24 | $2.7M | $54.8M |
| Q4 25 | $4.1M | $216.0M | ||
| Q3 25 | $2.7M | $215.7M | ||
| Q2 25 | $4.5M | $199.9M | ||
| Q1 25 | $3.5M | $199.7M | ||
| Q4 24 | $2.5M | $232.2M | ||
| Q3 24 | $3.2M | $232.0M | ||
| Q2 24 | $2.5M | $230.8M | ||
| Q1 24 | $194.0K | $225.6M |
| Q4 25 | $16.3M | $408.6M | ||
| Q3 25 | $17.9M | $397.4M | ||
| Q2 25 | $14.3M | $389.9M | ||
| Q1 25 | $11.6M | $380.2M | ||
| Q4 24 | $11.9M | $370.2M | ||
| Q3 24 | $8.1M | $362.4M | ||
| Q2 24 | $7.6M | $354.0M | ||
| Q1 24 | $8.4M | $349.0M |
| Q4 25 | $51.1M | $3.0B | ||
| Q3 25 | $46.9M | $2.9B | ||
| Q2 25 | $51.4M | $2.9B | ||
| Q1 25 | $42.0M | $2.8B | ||
| Q4 24 | $79.0M | $2.9B | ||
| Q3 24 | $32.4M | $2.9B | ||
| Q2 24 | $30.0M | $2.8B | ||
| Q1 24 | $22.1M | $2.6B |
| Q4 25 | 0.25× | 0.53× | ||
| Q3 25 | 0.15× | 0.54× | ||
| Q2 25 | 0.31× | 0.51× | ||
| Q1 25 | 0.31× | 0.53× | ||
| Q4 24 | 0.21× | 0.63× | ||
| Q3 24 | 0.40× | 0.64× | ||
| Q2 24 | 0.34× | 0.65× | ||
| Q1 24 | 0.02× | 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 | $-1.2M | $126.3M |
| Free Cash FlowOCF − Capex | $-1.2M | — |
| FCF MarginFCF / Revenue | -1.5% | — |
| Capex IntensityCapex / Revenue | 0.0% | — |
| Cash ConversionOCF / Net Profit | — | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-4.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.2M | $126.3M | ||
| Q3 25 | $-953.0K | $67.0M | ||
| Q2 25 | $257.7K | $-10.7M | ||
| Q1 25 | $-1.9M | $36.3M | ||
| Q4 24 | $-403.7K | $108.7M | ||
| Q3 24 | $625.0K | $24.6M | ||
| Q2 24 | $-2.6M | $27.6M | ||
| Q1 24 | $-536.9K | $32.3M |
| Q4 25 | $-1.2M | — | ||
| Q3 25 | $-969.2K | — | ||
| Q2 25 | $211.7K | — | ||
| Q1 25 | $-2.0M | — | ||
| Q4 24 | $-421.3K | — | ||
| Q3 24 | $594.5K | — | ||
| Q2 24 | $-2.6M | — | ||
| Q1 24 | $-608.5K | — |
| Q4 25 | -1.5% | — | ||
| Q3 25 | -0.9% | — | ||
| Q2 25 | 0.3% | — | ||
| Q1 25 | -3.4% | — | ||
| Q4 24 | -0.4% | — | ||
| Q3 24 | 1.1% | — | ||
| Q2 24 | -3.4% | — | ||
| Q1 24 | -1.2% | — |
| Q4 25 | 0.0% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
| 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
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
MFIN
Segment breakdown not available.
