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Side-by-side financial comparison of LIVE VENTURES Inc (LIVE) and MESA LABORATORIES INC (MLAB). Click either name above to swap in a different company.

LIVE VENTURES Inc is the larger business by last-quarter revenue ($108.5M vs $65.1M, roughly 1.7× MESA LABORATORIES INC). MESA LABORATORIES INC runs the higher net margin — 5.6% vs -0.1%, a 5.6% gap on every dollar of revenue. On growth, MESA LABORATORIES INC posted the faster year-over-year revenue change (3.6% vs -2.7%). MESA LABORATORIES INC produced more free cash flow last quarter ($18.0M vs $8.5M). Over the past eight quarters, MESA LABORATORIES INC's revenue compounded faster (5.1% CAGR vs -4.3%).

Live Nation Entertainment, Inc. is an American multinational entertainment company that was founded in 2010 following the merger of Live Nation and Ticketmaster. It continues to operate both brands as subsidiary companies, promoting and managing ticket sales for live entertainment internationally. It also owns and operates entertainment venues and manages the careers of music artists.

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

LIVE vs MLAB — Head-to-Head

Bigger by revenue
LIVE
LIVE
1.7× larger
LIVE
$108.5M
$65.1M
MLAB
Growing faster (revenue YoY)
MLAB
MLAB
+6.3% gap
MLAB
3.6%
-2.7%
LIVE
Higher net margin
MLAB
MLAB
5.6% more per $
MLAB
5.6%
-0.1%
LIVE
More free cash flow
MLAB
MLAB
$9.5M more FCF
MLAB
$18.0M
$8.5M
LIVE
Faster 2-yr revenue CAGR
MLAB
MLAB
Annualised
MLAB
5.1%
-4.3%
LIVE

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
LIVE
LIVE
MLAB
MLAB
Revenue
$108.5M
$65.1M
Net Profit
$-64.0K
$3.6M
Gross Margin
32.6%
64.2%
Operating Margin
3.2%
12.2%
Net Margin
-0.1%
5.6%
Revenue YoY
-2.7%
3.6%
Net Profit YoY
-113.0%
316.6%
EPS (diluted)
$-0.02
$0.65

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
LIVE
LIVE
MLAB
MLAB
Q4 25
$108.5M
$65.1M
Q3 25
$113.9M
$60.7M
Q2 25
$112.5M
$59.5M
Q1 25
$107.0M
$62.1M
Q4 24
$111.5M
$62.8M
Q3 24
$112.7M
$57.8M
Q2 24
$123.9M
$58.2M
Q1 24
$118.6M
$58.9M
Net Profit
LIVE
LIVE
MLAB
MLAB
Q4 25
$-64.0K
$3.6M
Q3 25
$997.0K
$2.5M
Q2 25
$5.4M
$4.7M
Q1 25
$15.9M
$-7.1M
Q4 24
$492.0K
$-1.7M
Q3 24
$-19.9M
$3.4M
Q2 24
$-2.9M
$3.4M
Q1 24
$-3.3M
$-254.6M
Gross Margin
LIVE
LIVE
MLAB
MLAB
Q4 25
32.6%
64.2%
Q3 25
32.4%
61.5%
Q2 25
34.0%
62.0%
Q1 25
32.8%
61.8%
Q4 24
31.7%
63.3%
Q3 24
31.9%
61.3%
Q2 24
29.9%
64.0%
Q1 24
29.9%
62.1%
Operating Margin
LIVE
LIVE
MLAB
MLAB
Q4 25
3.2%
12.2%
Q3 25
3.3%
7.8%
Q2 25
7.1%
5.1%
Q1 25
2.0%
2.4%
Q4 24
0.7%
9.2%
Q3 24
-15.5%
6.1%
Q2 24
0.9%
9.6%
Q1 24
-0.7%
-460.6%
Net Margin
LIVE
LIVE
MLAB
MLAB
Q4 25
-0.1%
5.6%
Q3 25
0.9%
4.1%
Q2 25
4.8%
8.0%
Q1 25
14.8%
-11.4%
Q4 24
0.4%
-2.7%
Q3 24
-17.6%
5.9%
Q2 24
-2.3%
5.8%
Q1 24
-2.8%
-432.2%
EPS (diluted)
LIVE
LIVE
MLAB
MLAB
Q4 25
$-0.02
$0.65
Q3 25
$-1.52
$0.45
Q2 25
$1.24
$0.85
Q1 25
$5.05
$-1.30
Q4 24
$0.16
$-0.31
Q3 24
$-6.31
$0.63
Q2 24
$-0.91
$0.62
Q1 24
$-1.04
$-47.26

Balance Sheet & Financial Strength

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

Metric
LIVE
LIVE
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$29.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$95.3M
$186.7M
Total Assets
$389.2M
$434.8M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LIVE
LIVE
MLAB
MLAB
Q4 25
$29.0M
Q3 25
$20.4M
Q2 25
$21.3M
Q1 25
$27.3M
Q4 24
$27.3M
Q3 24
$24.3M
Q2 24
$28.5M
Q1 24
$28.2M
Total Debt
LIVE
LIVE
MLAB
MLAB
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$71.3M
Q4 24
$72.2M
Q3 24
$73.1M
Q2 24
$74.1M
Q1 24
Stockholders' Equity
LIVE
LIVE
MLAB
MLAB
Q4 25
$95.3M
$186.7M
Q3 25
$95.3M
$178.5M
Q2 25
$94.3M
$172.5M
Q1 25
$88.9M
$159.8M
Q4 24
$73.3M
$155.2M
Q3 24
$72.9M
$161.5M
Q2 24
$92.7M
$150.7M
Q1 24
$95.9M
$145.4M
Total Assets
LIVE
LIVE
MLAB
MLAB
Q4 25
$389.2M
$434.8M
Q3 25
$386.4M
$430.4M
Q2 25
$387.5M
$435.7M
Q1 25
$393.6M
$433.3M
Q4 24
$395.5M
$433.3M
Q3 24
$407.5M
$454.1M
Q2 24
$436.8M
$440.4M
Q1 24
$433.9M
$446.8M
Debt / Equity
LIVE
LIVE
MLAB
MLAB
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
LIVE
LIVE
MLAB
MLAB
Operating Cash FlowLast quarter
$9.8M
$18.8M
Free Cash FlowOCF − Capex
$8.5M
$18.0M
FCF MarginFCF / Revenue
7.8%
27.7%
Capex IntensityCapex / Revenue
1.2%
1.1%
Cash ConversionOCF / Net Profit
5.17×
TTM Free Cash FlowTrailing 4 quarters
$21.9M
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LIVE
LIVE
MLAB
MLAB
Q4 25
$9.8M
$18.8M
Q3 25
$6.8M
$8.2M
Q2 25
$12.3M
$1.9M
Q1 25
$231.0K
$12.7M
Q4 24
$9.4M
$18.1M
Q3 24
$6.7M
$5.3M
Q2 24
$11.7M
$10.7M
Q1 24
$-5.7M
$12.9M
Free Cash Flow
LIVE
LIVE
MLAB
MLAB
Q4 25
$8.5M
$18.0M
Q3 25
$4.8M
$7.1M
Q2 25
$10.8M
$884.0K
Q1 25
$-2.3M
$11.9M
Q4 24
$7.6M
$17.3M
Q3 24
$3.3M
$3.5M
Q2 24
$10.1M
$9.9M
Q1 24
$-7.5M
$12.3M
FCF Margin
LIVE
LIVE
MLAB
MLAB
Q4 25
7.8%
27.7%
Q3 25
4.2%
11.7%
Q2 25
9.6%
1.5%
Q1 25
-2.1%
19.2%
Q4 24
6.8%
27.6%
Q3 24
2.9%
6.0%
Q2 24
8.2%
16.9%
Q1 24
-6.3%
21.0%
Capex Intensity
LIVE
LIVE
MLAB
MLAB
Q4 25
1.2%
1.1%
Q3 25
1.7%
1.8%
Q2 25
1.3%
1.7%
Q1 25
2.3%
1.2%
Q4 24
1.6%
1.3%
Q3 24
3.1%
3.1%
Q2 24
1.3%
1.5%
Q1 24
1.4%
0.9%
Cash Conversion
LIVE
LIVE
MLAB
MLAB
Q4 25
5.17×
Q3 25
6.78×
3.32×
Q2 25
2.28×
0.40×
Q1 25
0.01×
Q4 24
19.11×
Q3 24
1.54×
Q2 24
3.17×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

LIVE
LIVE

Steel Manufacturing Segment$31.9M29%
Flooring Manufacturing Segment$28.9M27%
Retail Flooring Segment$25.3M23%
Retail Entertainment Segment$23.6M22%

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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