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Side-by-side financial comparison of LIQTECH INTERNATIONAL INC (LIQT) and MAUI LAND & PINEAPPLE CO INC (MLP). Click either name above to swap in a different company.

MAUI LAND & PINEAPPLE CO INC is the larger business by last-quarter revenue ($4.5M vs $3.1M, roughly 1.4× LIQTECH INTERNATIONAL INC). On growth, MAUI LAND & PINEAPPLE CO INC posted the faster year-over-year revenue change (32.8% vs -8.2%). MAUI LAND & PINEAPPLE CO INC produced more free cash flow last quarter ($-484.0K vs $-2.3M). Over the past eight quarters, MAUI LAND & PINEAPPLE CO INC's revenue compounded faster (35.0% CAGR vs -14.1%).

Liqtech International Inc. is a technology firm specializing in the development, production and distribution of advanced silicon carbide membrane filtration and purification solutions. Its products serve sectors including maritime, industrial wastewater treatment, food and beverage, and renewable energy, with key markets covering North America, Europe and the Asia-Pacific region.

Maui Land & Pineapple Company, Inc. is a land holding and operating company founded in 1909 and based in Kapalua, Hawaii, United States. It owns approximately 24,300 acres (100 km2) on the island of Maui. It develops, sells, and manages residential, resort, commercial and industrial real estate; and operates retail and utility operations at the Kapalua Resort. ML&P also owns and manages the 8,304-acre (33.61 km2) Puʻu Kukui Watershed Preserve, one of the largest private nature preserves in th...

LIQT vs MLP — Head-to-Head

Bigger by revenue
MLP
MLP
1.4× larger
MLP
$4.5M
$3.1M
LIQT
Growing faster (revenue YoY)
MLP
MLP
+41.0% gap
MLP
32.8%
-8.2%
LIQT
More free cash flow
MLP
MLP
$1.8M more FCF
MLP
$-484.0K
$-2.3M
LIQT
Faster 2-yr revenue CAGR
MLP
MLP
Annualised
MLP
35.0%
-14.1%
LIQT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
LIQT
LIQT
MLP
MLP
Revenue
$3.1M
$4.5M
Net Profit
$-2.6M
Gross Margin
-3.4%
Operating Margin
-85.8%
-37.5%
Net Margin
-83.0%
Revenue YoY
-8.2%
32.8%
Net Profit YoY
13.7%
EPS (diluted)

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
LIQT
LIQT
MLP
MLP
Q4 25
$3.1M
$4.5M
Q3 25
$3.8M
$4.5M
Q2 25
$5.0M
$4.6M
Q1 25
$4.6M
$5.8M
Q4 24
$3.4M
$3.4M
Q3 24
$2.5M
$3.0M
Q2 24
$4.5M
$2.6M
Q1 24
$4.2M
$2.5M
Net Profit
LIQT
LIQT
MLP
MLP
Q4 25
$-2.6M
Q3 25
$-1.4M
$240.0K
Q2 25
$-2.2M
$-999.0K
Q1 25
$-2.4M
$-8.6M
Q4 24
$-3.0M
Q3 24
$-2.8M
$-2.2M
Q2 24
$-2.1M
$-1.9M
Q1 24
$-2.4M
$-1.4M
Gross Margin
LIQT
LIQT
MLP
MLP
Q4 25
-3.4%
Q3 25
19.6%
Q2 25
9.8%
Q1 25
2.7%
Q4 24
-15.5%
Q3 24
-8.5%
Q2 24
16.0%
Q1 24
6.4%
Operating Margin
LIQT
LIQT
MLP
MLP
Q4 25
-85.8%
-37.5%
Q3 25
-35.0%
-8.0%
Q2 25
-42.6%
-15.4%
Q1 25
-47.3%
-30.7%
Q4 24
-81.2%
-54.0%
Q3 24
-104.5%
-73.7%
Q2 24
-46.5%
-71.1%
Q1 24
-48.3%
-56.3%
Net Margin
LIQT
LIQT
MLP
MLP
Q4 25
-83.0%
Q3 25
-37.6%
5.3%
Q2 25
-43.4%
-21.7%
Q1 25
-50.9%
-148.9%
Q4 24
-88.2%
Q3 24
-114.6%
-73.9%
Q2 24
-47.1%
-70.8%
Q1 24
-56.4%
-55.4%
EPS (diluted)
LIQT
LIQT
MLP
MLP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$-0.11
Q2 24
$-0.09
Q1 24

Balance Sheet & Financial Strength

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

Metric
LIQT
LIQT
MLP
MLP
Cash + ST InvestmentsLiquidity on hand
$5.1M
$5.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$10.4M
$33.1M
Total Assets
$27.3M
$48.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LIQT
LIQT
MLP
MLP
Q4 25
$5.1M
$5.3M
Q3 25
$4.9M
Q2 25
$6.5M
Q1 25
$7.9M
Q4 24
$6.8M
Q3 24
$4.5M
$6.1M
Q2 24
$5.5M
$3.7M
Q1 24
$7.7M
$5.4M
Stockholders' Equity
LIQT
LIQT
MLP
MLP
Q4 25
$10.4M
$33.1M
Q3 25
$12.8M
$33.7M
Q2 25
$13.9M
$26.3M
Q1 25
$15.1M
$26.7M
Q4 24
$16.7M
$33.2M
Q3 24
$11.4M
$34.0M
Q2 24
$12.3M
$34.2M
Q1 24
$14.5M
$34.6M
Total Assets
LIQT
LIQT
MLP
MLP
Q4 25
$27.3M
$48.0M
Q3 25
$30.3M
$45.8M
Q2 25
$31.7M
$45.7M
Q1 25
$31.7M
$47.2M
Q4 24
$32.4M
$50.1M
Q3 24
$28.7M
$45.9M
Q2 24
$28.6M
$41.9M
Q1 24
$31.4M
$42.1M

Cash Flow & Capital Efficiency

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

Metric
LIQT
LIQT
MLP
MLP
Operating Cash FlowLast quarter
$-2.1M
$2.1M
Free Cash FlowOCF − Capex
$-2.3M
$-484.0K
FCF MarginFCF / Revenue
-73.5%
-10.7%
Capex IntensityCapex / Revenue
5.3%
56.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-6.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LIQT
LIQT
MLP
MLP
Q4 25
$-2.1M
$2.1M
Q3 25
$-1.1M
$-932.0K
Q2 25
$-1.6M
$-871.0K
Q1 25
$-1.3M
$157.0K
Q4 24
$-2.0M
$370.0K
Q3 24
$-1.7M
$690.0K
Q2 24
$-1.8M
$-533.0K
Q1 24
$-2.0M
$-10.0K
Free Cash Flow
LIQT
LIQT
MLP
MLP
Q4 25
$-2.3M
$-484.0K
Q3 25
$-1.2M
Q2 25
$-1.7M
Q1 25
$-1.5M
Q4 24
$-2.4M
$-1.5M
Q3 24
$-2.1M
Q2 24
$-2.0M
Q1 24
$-2.3M
FCF Margin
LIQT
LIQT
MLP
MLP
Q4 25
-73.5%
-10.7%
Q3 25
-31.4%
Q2 25
-33.7%
Q1 25
-31.6%
Q4 24
-70.3%
-44.0%
Q3 24
-85.3%
Q2 24
-45.6%
Q1 24
-55.4%
Capex Intensity
LIQT
LIQT
MLP
MLP
Q4 25
5.3%
56.5%
Q3 25
3.3%
Q2 25
1.2%
Q1 25
3.5%
Q4 24
11.5%
54.9%
Q3 24
14.7%
Q2 24
5.0%
Q1 24
9.2%
Cash Conversion
LIQT
LIQT
MLP
MLP
Q4 25
Q3 25
-3.88×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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