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Side-by-side financial comparison of Lucas GC Ltd (LGCL) and Maiden Holdings, Ltd. (MHLA). Click either name above to swap in a different company.

Maiden Holdings, Ltd. is the larger business by last-quarter revenue ($14.0M vs $7.5M, roughly 1.9× Lucas GC Ltd). Lucas GC Ltd runs the higher net margin — 5.6% vs -61.5%, a 67.1% gap on every dollar of revenue.

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.

LGCL vs MHLA — Head-to-Head

Bigger by revenue
MHLA
MHLA
1.9× larger
MHLA
$14.0M
$7.5M
LGCL
Higher net margin
LGCL
LGCL
67.1% more per $
LGCL
5.6%
-61.5%
MHLA

Income Statement — Q2 FY2025 vs Q1 FY2025

Metric
LGCL
LGCL
MHLA
MHLA
Revenue
$7.5M
$14.0M
Net Profit
$414.1K
$-8.6M
Gross Margin
33.7%
Operating Margin
4.0%
-42.1%
Net Margin
5.6%
-61.5%
Revenue YoY
-51.4%
Net Profit YoY
-692.5%
EPS (diluted)
$0.20
$-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
LGCL
LGCL
MHLA
MHLA
Q2 25
$7.5M
Q1 25
$14.0M
Q4 24
$11.6M
Q3 24
$14.5M
Q2 24
$11.5M
$20.5M
Q1 24
$28.9M
Q4 23
$25.2M
Q3 23
$21.8M
Net Profit
LGCL
LGCL
MHLA
MHLA
Q2 25
$414.1K
Q1 25
$-8.6M
Q4 24
$-158.0M
Q3 24
$-34.5M
Q2 24
$1.0M
$-10.0M
Q1 24
$1.5M
Q4 23
$-20.8M
Q3 23
$-3.5M
Gross Margin
LGCL
LGCL
MHLA
MHLA
Q2 25
33.7%
Q1 25
Q4 24
Q3 24
Q2 24
33.5%
Q1 24
Q4 23
Q3 23
Operating Margin
LGCL
LGCL
MHLA
MHLA
Q2 25
4.0%
Q1 25
-42.1%
Q4 24
2103.0%
Q3 24
-243.1%
Q2 24
8.8%
-53.7%
Q1 24
3.0%
Q4 23
-84.2%
Q3 23
-26.4%
Net Margin
LGCL
LGCL
MHLA
MHLA
Q2 25
5.6%
Q1 25
-61.5%
Q4 24
2125.8%
Q3 24
-238.1%
Q2 24
8.9%
-48.7%
Q1 24
5.0%
Q4 23
-82.4%
Q3 23
-16.2%
EPS (diluted)
LGCL
LGCL
MHLA
MHLA
Q2 25
$0.20
Q1 25
$-0.09
Q4 24
$-1.57
Q3 24
$-0.35
Q2 24
$0.01
$-0.10
Q1 24
$0.01
Q4 23
$-0.21
Q3 23
$-0.03

Balance Sheet & Financial Strength

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

Metric
LGCL
LGCL
MHLA
MHLA
Cash + ST InvestmentsLiquidity on hand
$606.9K
$28.7M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$6.3M
$37.6M
Total Assets
$8.8M
$1.2B
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LGCL
LGCL
MHLA
MHLA
Q2 25
$606.9K
Q1 25
$28.7M
Q4 24
$25.7M
Q3 24
$110.0M
Q2 24
$978.1K
$24.8M
Q1 24
$20.7M
Q4 23
$35.4M
Q3 23
$17.9M
Total Debt
LGCL
LGCL
MHLA
MHLA
Q2 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
Q3 23
$254.6M
Stockholders' Equity
LGCL
LGCL
MHLA
MHLA
Q2 25
$6.3M
Q1 25
$37.6M
Q4 24
$45.2M
Q3 24
$208.2M
Q2 24
$5.3M
$238.0M
Q1 24
$249.4M
Q4 23
$249.2M
Q3 23
$263.2M
Total Assets
LGCL
LGCL
MHLA
MHLA
Q2 25
$8.8M
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.4B
Q2 24
$7.8M
$1.4B
Q1 24
$1.5B
Q4 23
$1.5B
Q3 23
$1.6B
Debt / Equity
LGCL
LGCL
MHLA
MHLA
Q2 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×
Q3 23
0.97×

Cash Flow & Capital Efficiency

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

Metric
LGCL
LGCL
MHLA
MHLA
Operating Cash FlowLast quarter
$-21.1M
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
LGCL
LGCL
MHLA
MHLA
Q2 25
Q1 25
$-21.1M
Q4 24
$-67.4M
Q3 24
$-3.8M
Q2 24
$-23.4M
Q1 24
$8.0M
Q4 23
$6.2M
Q3 23
$-2.3M
Cash Conversion
LGCL
LGCL
MHLA
MHLA
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
5.52×
Q4 23
Q3 23

Financial Flow Comparison

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

Revenue Breakdown by Segment

LGCL
LGCL

Recruitment service$4.4M60%
Others$2.9M39%

MHLA
MHLA

Segment breakdown not available.

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