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Side-by-side financial comparison of 908 Devices Inc. (MASS) and Pyxis Tankers Inc. (PXS). Click either name above to swap in a different company.

908 Devices Inc. is the larger business by last-quarter revenue ($17.4M vs $17.0M, roughly 1.0× Pyxis Tankers Inc.). Pyxis Tankers Inc. runs the higher net margin — 31.3% vs 24.0%, a 7.3% gap on every dollar of revenue.

908 Devices Inc. develops and manufactures portable, high-performance mass spectrometry devices and analytical solutions. Its products serve use cases across life science research, biopharmaceutical manufacturing, public safety, forensics, and industrial process monitoring, catering to global customers including research institutions, pharmaceutical firms and government agencies.

Pyxis Tankers Inc. is an international maritime transport enterprise specializing in seaborne shipping of refined petroleum products and other bulk liquid cargoes. It operates a fleet of modern product tankers, serving global energy markets, with core business covering major trade routes across the Atlantic, Mediterranean and Asia-Pacific regions.

MASS vs PXS — Head-to-Head

Bigger by revenue
MASS
MASS
1.0× larger
MASS
$17.4M
$17.0M
PXS
Higher net margin
PXS
PXS
7.3% more per $
PXS
31.3%
24.0%
MASS

Income Statement — Q4 FY2025 vs Q3 FY2022

Metric
MASS
MASS
PXS
PXS
Revenue
$17.4M
$17.0M
Net Profit
$4.2M
$5.3M
Gross Margin
52.7%
Operating Margin
17.8%
37.2%
Net Margin
24.0%
31.3%
Revenue YoY
21.2%
Net Profit YoY
121.5%
EPS (diluted)
$0.09
$0.44

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
MASS
MASS
PXS
PXS
Q4 25
$17.4M
Q3 25
$14.0M
Q2 25
$13.0M
Q1 25
$11.8M
Q4 24
$14.3M
Q3 24
$14.5M
Q2 24
$11.5M
Q1 24
$7.4M
Net Profit
MASS
MASS
PXS
PXS
Q4 25
$4.2M
Q3 25
$-15.0M
Q2 25
$-13.3M
Q1 25
$43.6M
Q4 24
$-19.4M
Q3 24
$-29.3M
Q2 24
$-12.5M
Q1 24
$-10.9M
Gross Margin
MASS
MASS
PXS
PXS
Q4 25
52.7%
Q3 25
52.5%
Q2 25
48.9%
Q1 25
47.0%
Q4 24
46.5%
Q3 24
53.6%
Q2 24
53.8%
Q1 24
52.4%
Operating Margin
MASS
MASS
PXS
PXS
Q4 25
17.8%
Q3 25
-116.6%
Q2 25
-116.3%
Q1 25
-93.6%
Q4 24
-116.8%
Q3 24
-168.7%
Q2 24
-74.5%
Q1 24
-102.5%
Net Margin
MASS
MASS
PXS
PXS
Q4 25
24.0%
Q3 25
-107.0%
Q2 25
-102.1%
Q1 25
370.2%
Q4 24
-135.6%
Q3 24
-201.8%
Q2 24
-109.5%
Q1 24
-147.1%
EPS (diluted)
MASS
MASS
PXS
PXS
Q4 25
$0.09
Q3 25
$-0.41
Q2 25
$-0.37
Q1 25
$1.23
Q4 24
$-0.58
Q3 24
$-0.84
Q2 24
$-0.37
Q1 24
$-0.33

Balance Sheet & Financial Strength

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

Metric
MASS
MASS
PXS
PXS
Cash + ST InvestmentsLiquidity on hand
$113.0M
$4.3M
Total DebtLower is stronger
$67.3M
Stockholders' EquityBook value
$143.7M
$54.9M
Total Assets
$190.1M
$138.1M
Debt / EquityLower = less leverage
1.23×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MASS
MASS
PXS
PXS
Q4 25
$113.0M
Q3 25
$112.1M
Q2 25
$118.6M
Q1 25
$124.3M
Q4 24
$69.6M
Q3 24
$71.7M
Q2 24
$77.4M
Q1 24
$134.2M
Stockholders' Equity
MASS
MASS
PXS
PXS
Q4 25
$143.7M
Q3 25
$136.3M
Q2 25
$148.8M
Q1 25
$159.4M
Q4 24
$114.6M
Q3 24
$131.0M
Q2 24
$156.4M
Q1 24
$156.9M
Total Assets
MASS
MASS
PXS
PXS
Q4 25
$190.1M
Q3 25
$190.9M
Q2 25
$191.7M
Q1 25
$196.0M
Q4 24
$159.5M
Q3 24
$178.3M
Q2 24
$208.8M
Q1 24
$189.8M

Cash Flow & Capital Efficiency

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

Metric
MASS
MASS
PXS
PXS
Operating Cash FlowLast quarter
$1.3M
$2.4M
Free Cash FlowOCF − Capex
$1.3M
FCF MarginFCF / Revenue
7.6%
Capex IntensityCapex / Revenue
0.0%
0.0%
Cash ConversionOCF / Net Profit
0.32×
0.45×
TTM Free Cash FlowTrailing 4 quarters
$-24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MASS
MASS
PXS
PXS
Q4 25
$1.3M
Q3 25
$-4.2M
Q2 25
$-5.8M
Q1 25
$-15.0M
Q4 24
$-2.2M
Q3 24
$-5.6M
Q2 24
$-13.0M
Q1 24
$-9.4M
Free Cash Flow
MASS
MASS
PXS
PXS
Q4 25
$1.3M
Q3 25
$-4.9M
Q2 25
$-5.9M
Q1 25
$-15.2M
Q4 24
$-2.4M
Q3 24
$-5.8M
Q2 24
$-13.7M
Q1 24
$-10.3M
FCF Margin
MASS
MASS
PXS
PXS
Q4 25
7.6%
Q3 25
-34.9%
Q2 25
-45.3%
Q1 25
-128.9%
Q4 24
-17.0%
Q3 24
-39.7%
Q2 24
-119.4%
Q1 24
-138.2%
Capex Intensity
MASS
MASS
PXS
PXS
Q4 25
0.0%
Q3 25
4.9%
Q2 25
0.9%
Q1 25
1.4%
Q4 24
1.3%
Q3 24
1.1%
Q2 24
5.6%
Q1 24
12.2%
Cash Conversion
MASS
MASS
PXS
PXS
Q4 25
0.32×
Q3 25
Q2 25
Q1 25
-0.34×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MASS
MASS

Products$14.3M82%
Services$3.0M18%

PXS
PXS

Segment breakdown not available.

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