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Side-by-side financial comparison of KESTRA MEDICAL TECHNOLOGIES, LTD. (KMTS) and Maiden Holdings, Ltd. (MHLA). Click either name above to swap in a different company.

KESTRA MEDICAL TECHNOLOGIES, LTD. is the larger business by last-quarter revenue ($22.6M vs $14.0M, roughly 1.6× Maiden Holdings, Ltd.). Maiden Holdings, Ltd. runs the higher net margin — -61.5% vs -145.3%, a 83.8% gap on every dollar of revenue.

Kestra Medical Technologies, Ltd. is a medical device firm that develops, manufactures and commercializes innovative minimally invasive therapeutic solutions, mainly for interventional cardiology and structural heart disease treatment. It operates across North America, Europe and key Asia-Pacific markets, serving global healthcare providers and patients.

Maiden Holdings Ltd. is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.

KMTS vs MHLA — Head-to-Head

Bigger by revenue
KMTS
KMTS
1.6× larger
KMTS
$22.6M
$14.0M
MHLA
Higher net margin
MHLA
MHLA
83.8% more per $
MHLA
-61.5%
-145.3%
KMTS

Income Statement — Q2 FY2026 vs Q1 FY2025

Metric
KMTS
KMTS
MHLA
MHLA
Revenue
$22.6M
$14.0M
Net Profit
$-32.8M
$-8.6M
Gross Margin
50.6%
Operating Margin
-140.7%
-42.1%
Net Margin
-145.3%
-61.5%
Revenue YoY
-51.4%
Net Profit YoY
-692.5%
EPS (diluted)
$-0.64
$-0.09

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
KMTS
KMTS
MHLA
MHLA
Q4 25
$22.6M
Q3 25
$19.4M
Q1 25
$14.0M
Q4 24
$11.6M
Q3 24
$14.5M
Q2 24
$20.5M
Q1 24
$28.9M
Q4 23
$25.2M
Net Profit
KMTS
KMTS
MHLA
MHLA
Q4 25
$-32.8M
Q3 25
$-25.8M
Q1 25
$-8.6M
Q4 24
$-158.0M
Q3 24
$-34.5M
Q2 24
$-10.0M
Q1 24
$1.5M
Q4 23
$-20.8M
Gross Margin
KMTS
KMTS
MHLA
MHLA
Q4 25
50.6%
Q3 25
45.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Operating Margin
KMTS
KMTS
MHLA
MHLA
Q4 25
-140.7%
Q3 25
-149.1%
Q1 25
-42.1%
Q4 24
2103.0%
Q3 24
-243.1%
Q2 24
-53.7%
Q1 24
3.0%
Q4 23
-84.2%
Net Margin
KMTS
KMTS
MHLA
MHLA
Q4 25
-145.3%
Q3 25
-133.3%
Q1 25
-61.5%
Q4 24
2125.8%
Q3 24
-238.1%
Q2 24
-48.7%
Q1 24
5.0%
Q4 23
-82.4%
EPS (diluted)
KMTS
KMTS
MHLA
MHLA
Q4 25
$-0.64
Q3 25
$-0.50
Q1 25
$-0.09
Q4 24
$-1.57
Q3 24
$-0.35
Q2 24
$-0.10
Q1 24
$0.01
Q4 23
$-0.21

Balance Sheet & Financial Strength

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

Metric
KMTS
KMTS
MHLA
MHLA
Cash + ST InvestmentsLiquidity on hand
$175.4M
$28.7M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$164.1M
$37.6M
Total Assets
$246.7M
$1.2B
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMTS
KMTS
MHLA
MHLA
Q4 25
$175.4M
Q3 25
$201.2M
Q1 25
$28.7M
Q4 24
$25.7M
Q3 24
$110.0M
Q2 24
$24.8M
Q1 24
$20.7M
Q4 23
$35.4M
Total Debt
KMTS
KMTS
MHLA
MHLA
Q4 25
Q3 25
Q1 25
$254.8M
Q4 24
$254.8M
Q3 24
$254.7M
Q2 24
$254.7M
Q1 24
$254.6M
Q4 23
$254.6M
Stockholders' Equity
KMTS
KMTS
MHLA
MHLA
Q4 25
$164.1M
Q3 25
$184.2M
Q1 25
$37.6M
Q4 24
$45.2M
Q3 24
$208.2M
Q2 24
$238.0M
Q1 24
$249.4M
Q4 23
$249.2M
Total Assets
KMTS
KMTS
MHLA
MHLA
Q4 25
$246.7M
Q3 25
$266.3M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$1.4B
Q1 24
$1.5B
Q4 23
$1.5B
Debt / Equity
KMTS
KMTS
MHLA
MHLA
Q4 25
Q3 25
Q1 25
6.78×
Q4 24
5.64×
Q3 24
1.22×
Q2 24
1.07×
Q1 24
1.02×
Q4 23
1.02×

Cash Flow & Capital Efficiency

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

Metric
KMTS
KMTS
MHLA
MHLA
Operating Cash FlowLast quarter
$-18.3M
$-21.1M
Free Cash FlowOCF − Capex
$-25.6M
FCF MarginFCF / Revenue
-113.5%
Capex IntensityCapex / Revenue
32.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMTS
KMTS
MHLA
MHLA
Q4 25
$-18.3M
Q3 25
$-26.3M
Q1 25
$-21.1M
Q4 24
$-67.4M
Q3 24
$-3.8M
Q2 24
$-23.4M
Q1 24
$8.0M
Q4 23
$6.2M
Free Cash Flow
KMTS
KMTS
MHLA
MHLA
Q4 25
$-25.6M
Q3 25
$-34.4M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
FCF Margin
KMTS
KMTS
MHLA
MHLA
Q4 25
-113.5%
Q3 25
-177.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Capex Intensity
KMTS
KMTS
MHLA
MHLA
Q4 25
32.2%
Q3 25
42.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
Cash Conversion
KMTS
KMTS
MHLA
MHLA
Q4 25
Q3 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
5.52×
Q4 23

Financial Flow Comparison

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

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