vs

Side-by-side financial comparison of LESAKA TECHNOLOGIES INC (LSAK) and MPLX LP (MPLX). Click either name above to swap in a different company.

LESAKA TECHNOLOGIES INC is the larger business by last-quarter revenue ($3.0B vs $2.5B, roughly 1.2× MPLX LP). MPLX LP runs the higher net margin — 49.1% vs 0.0%, a 49.1% gap on every dollar of revenue. On growth, MPLX LP posted the faster year-over-year revenue change (1.4% vs 0.2%). Over the past eight quarters, LESAKA TECHNOLOGIES INC's revenue compounded faster (352.8% CAGR vs 6.2%).

Lesaka Technologies is a South-African financial technology company that is listed on the NASDAQ and Johannesburg Stock Exchange. Lesaka’s primary focus is on financial inclusion, offering financial services to previously underserved communities and merchants.

MarkWest Energy Partners, L.P., a subsidiary of MPLX LP, is a natural gas gathering, processing and transportation company master limited partnership of the United States. In 1988, the company was founded in Denver, Colorado and grew to be Colorado's 13th largest company. In 2015 it was acquired by MPLX, itself a subsidiary of Marathon Petroleum.

LSAK vs MPLX — Head-to-Head

Bigger by revenue
LSAK
LSAK
1.2× larger
LSAK
$3.0B
$2.5B
MPLX
Growing faster (revenue YoY)
MPLX
MPLX
+1.2% gap
MPLX
1.4%
0.2%
LSAK
Higher net margin
MPLX
MPLX
49.1% more per $
MPLX
49.1%
0.0%
LSAK
Faster 2-yr revenue CAGR
LSAK
LSAK
Annualised
LSAK
352.8%
6.2%
MPLX

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
LSAK
LSAK
MPLX
MPLX
Revenue
$3.0B
$2.5B
Net Profit
$437.0K
$1.2B
Gross Margin
Operating Margin
2.2%
60.5%
Net Margin
0.0%
49.1%
Revenue YoY
0.2%
1.4%
Net Profit YoY
8.5%
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
LSAK
LSAK
MPLX
MPLX
Q3 26
$3.0B
Q4 25
$178.7M
$2.5B
Q3 25
$171.4M
$2.5B
Q2 25
$168.5M
$2.4B
Q1 25
$161.4M
$2.5B
Q4 24
$176.2M
$2.4B
Q3 24
$153.6M
$2.3B
Q2 24
$146.0M
$2.3B
Net Profit
LSAK
LSAK
MPLX
MPLX
Q3 26
$437.0K
Q4 25
$3.6M
$1.2B
Q3 25
$-4.3M
$1.6B
Q2 25
$-28.4M
$1.1B
Q1 25
$-22.1M
$1.1B
Q4 24
$-32.5M
$1.1B
Q3 24
$-4.5M
$1.0B
Q2 24
$-5.0M
$1.2B
Gross Margin
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
31.4%
Q3 25
30.9%
Q2 25
28.9%
Q1 25
27.5%
Q4 24
25.7%
Q3 24
22.6%
Q2 24
22.6%
Operating Margin
LSAK
LSAK
MPLX
MPLX
Q3 26
2.2%
Q4 25
1.2%
60.5%
Q3 25
0.2%
73.2%
Q2 25
-16.7%
54.9%
Q1 25
0.4%
55.5%
Q4 24
0.3%
55.6%
Q3 24
-0.0%
54.4%
Q2 24
0.2%
62.9%
Net Margin
LSAK
LSAK
MPLX
MPLX
Q3 26
0.0%
Q4 25
2.0%
49.1%
Q3 25
-2.5%
63.2%
Q2 25
-16.9%
44.9%
Q1 25
-13.7%
46.2%
Q4 24
-18.4%
45.9%
Q3 24
-3.0%
44.6%
Q2 24
-3.4%
52.6%
EPS (diluted)
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
$0.04
Q3 25
$-0.05
Q2 25
$-0.40
Q1 25
$-0.27
Q4 24
$-0.40
Q3 24
$-0.07
Q2 24
$-0.08

Balance Sheet & Financial Strength

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

Metric
LSAK
LSAK
MPLX
MPLX
Cash + ST InvestmentsLiquidity on hand
$1.5B
$2.1B
Total DebtLower is stronger
$3.2B
$24.2B
Stockholders' EquityBook value
Total Assets
$11.5B
$43.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LSAK
LSAK
MPLX
MPLX
Q3 26
$1.5B
Q4 25
$69.5M
$2.1B
Q3 25
$72.2M
$1.8B
Q2 25
$76.5M
$1.4B
Q1 25
$71.0M
$2.5B
Q4 24
$60.6M
$1.5B
Q3 24
$49.7M
$2.4B
Q2 24
$59.1M
$2.5B
Total Debt
LSAK
LSAK
MPLX
MPLX
Q3 26
$3.2B
Q4 25
$216.8M
$24.2B
Q3 25
$208.1M
$24.1B
Q2 25
$200.8M
$19.7B
Q1 25
$194.7M
$19.7B
Q4 24
$148.7M
$19.3B
Q3 24
$148.5M
$19.3B
Q2 24
$143.2M
$19.2B
Stockholders' Equity
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
$180.6M
Q3 25
$170.4M
Q2 25
$161.6M
Q1 25
$185.2M
Q4 24
$193.3M
Q3 24
$184.2M
Q2 24
$175.9M
Total Assets
LSAK
LSAK
MPLX
MPLX
Q3 26
$11.5B
Q4 25
$704.6M
$43.0B
Q3 25
$652.9M
$43.2B
Q2 25
$653.7M
$37.8B
Q1 25
$649.2M
$39.0B
Q4 24
$640.6M
$37.5B
Q3 24
$551.9M
$38.5B
Q2 24
$558.5M
$38.4B
Debt / Equity
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
1.20×
Q3 25
1.22×
Q2 25
1.24×
Q1 25
1.05×
Q4 24
0.77×
Q3 24
0.81×
Q2 24
0.81×

Cash Flow & Capital Efficiency

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

Metric
LSAK
LSAK
MPLX
MPLX
Operating Cash FlowLast quarter
$1.5B
Free Cash FlowOCF − Capex
$782.0M
FCF MarginFCF / Revenue
31.9%
Capex IntensityCapex / Revenue
29.1%
Cash ConversionOCF / Net Profit
1.24×
TTM Free Cash FlowTrailing 4 quarters
$4.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
$-10.9M
$1.5B
Q3 25
$8.9M
$1.4B
Q2 25
$-9.1M
$1.7B
Q1 25
$10.7M
$1.2B
Q4 24
$-9.2M
$1.7B
Q3 24
$-4.1M
$1.4B
Q2 24
$5.7M
$1.6B
Free Cash Flow
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
$-14.8M
$782.0M
Q3 25
$4.9M
$905.0M
Q2 25
$-13.2M
$1.4B
Q1 25
$7.8M
$979.0M
Q4 24
$-15.5M
$1.4B
Q3 24
$-8.1M
$1.1B
Q2 24
$937.0K
$1.4B
FCF Margin
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
-8.3%
31.9%
Q3 25
2.9%
36.8%
Q2 25
-7.8%
60.9%
Q1 25
4.9%
39.8%
Q4 24
-8.8%
56.6%
Q3 24
-5.3%
48.4%
Q2 24
0.6%
60.0%
Capex Intensity
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
2.2%
29.1%
Q3 25
2.3%
21.4%
Q2 25
2.4%
12.8%
Q1 25
1.7%
10.9%
Q4 24
3.6%
12.7%
Q3 24
2.6%
11.9%
Q2 24
3.2%
9.4%
Cash Conversion
LSAK
LSAK
MPLX
MPLX
Q3 26
Q4 25
-2.99×
1.24×
Q3 25
0.92×
Q2 25
1.64×
Q1 25
1.10×
Q4 24
1.51×
Q3 24
1.35×
Q2 24
1.32×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LSAK
LSAK

Segment breakdown not available.

MPLX
MPLX

Services$746.0M30%
Other$675.0M28%
Products$492.0M20%
Nonrelated Party$186.0M8%
Related Party$151.0M6%
Crude Oil And Products Logistics$104.0M4%
Service Other$56.0M2%
Natural Gas And NGL Services$41.0M2%

Related Comparisons