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Side-by-side financial comparison of MediaAlpha, Inc. (MAX) and UNITIL CORP (UTL). Click either name above to swap in a different company.

MediaAlpha, Inc. is the larger business by last-quarter revenue ($310.0M vs $161.5M, roughly 1.9× UNITIL CORP). UNITIL CORP runs the higher net margin — 11.8% vs 4.5%, a 7.2% gap on every dollar of revenue. On growth, UNITIL CORP posted the faster year-over-year revenue change (26.7% vs 17.3%). Over the past eight quarters, MediaAlpha, Inc.'s revenue compounded faster (31.9% CAGR vs -4.9%).

Alpha Group Co., Ltd. is a Chinese multinational conglomerate with animation, toy, mass media asset and entertainment company headquartered created by Cai Dongqing in 1993. In 2016, it changed its name from Alpha Animation. The company has a Chinese webcomics site, U17, and also an American film company, Alpha Pictures, and has announced the creation of an animation division also based in the United States.

Unitil Corporation is an interstate electricity and natural gas utility company that provides services for New Hampshire, Massachusetts and Maine. Its earliest predecessor company, the Portland Gas Light Company, was founded in Maine in 1849. The current company was set up in 1984 and is based in New Hampshire. With a market cap of 686.51M, it provides electric services to about 102,400 customers and natural gas to over 75,900 customers. The service territory of Unitil includes business distr...

MAX vs UTL — Head-to-Head

Bigger by revenue
MAX
MAX
1.9× larger
MAX
$310.0M
$161.5M
UTL
Growing faster (revenue YoY)
UTL
UTL
+9.4% gap
UTL
26.7%
17.3%
MAX
Higher net margin
UTL
UTL
7.2% more per $
UTL
11.8%
4.5%
MAX
Faster 2-yr revenue CAGR
MAX
MAX
Annualised
MAX
31.9%
-4.9%
UTL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MAX
MAX
UTL
UTL
Revenue
$310.0M
$161.5M
Net Profit
$14.0M
$19.0M
Gross Margin
15.1%
Operating Margin
7.2%
21.5%
Net Margin
4.5%
11.8%
Revenue YoY
17.3%
26.7%
Net Profit YoY
701.8%
21.8%
EPS (diluted)
$1.05

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
MAX
MAX
UTL
UTL
Q1 26
$310.0M
Q4 25
$291.2M
$161.5M
Q3 25
$306.5M
$101.1M
Q2 25
$251.6M
$102.6M
Q1 25
$264.3M
$170.8M
Q4 24
$300.6M
$127.5M
Q3 24
$259.1M
$92.9M
Q2 24
$178.3M
$95.7M
Net Profit
MAX
MAX
UTL
UTL
Q1 26
$14.0M
Q4 25
$31.4M
$19.0M
Q3 25
$14.9M
$-300.0K
Q2 25
$-18.7M
$4.0M
Q1 25
$-1.9M
$27.5M
Q4 24
$4.6M
$15.6M
Q3 24
$9.5M
$0
Q2 24
$3.6M
$4.3M
Gross Margin
MAX
MAX
UTL
UTL
Q1 26
15.1%
Q4 25
15.4%
Q3 25
14.2%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
MAX
MAX
UTL
UTL
Q1 26
7.2%
Q4 25
7.7%
21.5%
Q3 25
6.4%
6.9%
Q2 25
-8.0%
13.0%
Q1 25
0.0%
27.0%
Q4 24
6.1%
22.1%
Q3 24
6.0%
6.2%
Q2 24
3.6%
13.0%
Net Margin
MAX
MAX
UTL
UTL
Q1 26
4.5%
Q4 25
10.8%
11.8%
Q3 25
4.9%
-0.3%
Q2 25
-7.4%
3.9%
Q1 25
-0.7%
16.1%
Q4 24
1.5%
12.2%
Q3 24
3.7%
Q2 24
2.0%
4.5%
EPS (diluted)
MAX
MAX
UTL
UTL
Q1 26
Q4 25
$0.50
$1.05
Q3 25
$0.26
$-0.02
Q2 25
$-0.33
$0.25
Q1 25
$-0.04
$1.69
Q4 24
$0.09
$0.97
Q3 24
$0.17
$0.00
Q2 24
$0.07
$0.27

Balance Sheet & Financial Strength

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

Metric
MAX
MAX
UTL
UTL
Cash + ST InvestmentsLiquidity on hand
$26.1M
$15.6M
Total DebtLower is stronger
$163.5M
$670.5M
Stockholders' EquityBook value
$609.6M
Total Assets
$367.7M
$2.1B
Debt / EquityLower = less leverage
1.10×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAX
MAX
UTL
UTL
Q1 26
$26.1M
Q4 25
$46.9M
$15.6M
Q3 25
$38.8M
$14.6M
Q2 25
$85.4M
$8.5M
Q1 25
$63.6M
$10.2M
Q4 24
$43.3M
$6.3M
Q3 24
$32.3M
$6.3M
Q2 24
$28.7M
$2.8M
Total Debt
MAX
MAX
UTL
UTL
Q1 26
$163.5M
Q4 25
$153.4M
$670.5M
Q3 25
$155.7M
$670.5M
Q2 25
$158.0M
$640.7M
Q1 25
$160.2M
$642.1M
Q4 24
$162.4M
$643.3M
Q3 24
$164.7M
$643.3M
Q2 24
$166.9M
$511.3M
Stockholders' Equity
MAX
MAX
UTL
UTL
Q1 26
Q4 25
$4.2M
$609.6M
Q3 25
$-29.8M
$597.2M
Q2 25
$-3.8M
$532.8M
Q1 25
$7.9M
$534.1M
Q4 24
$2.4M
$512.5M
Q3 24
$-8.4M
$502.4M
Q2 24
$-24.4M
$508.8M
Total Assets
MAX
MAX
UTL
UTL
Q1 26
$367.7M
Q4 25
$383.8M
$2.1B
Q3 25
$266.2M
$1.9B
Q2 25
$249.4M
$1.9B
Q1 25
$240.0M
$1.9B
Q4 24
$262.4M
$1.8B
Q3 24
$236.1M
$1.7B
Q2 24
$198.2M
$1.7B
Debt / Equity
MAX
MAX
UTL
UTL
Q1 26
Q4 25
36.88×
1.10×
Q3 25
1.12×
Q2 25
1.20×
Q1 25
20.23×
1.20×
Q4 24
68.31×
1.26×
Q3 24
1.28×
Q2 24
1.00×

Cash Flow & Capital Efficiency

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

Metric
MAX
MAX
UTL
UTL
Operating Cash FlowLast quarter
$21.4M
Free Cash FlowOCF − Capex
$-36.3M
FCF MarginFCF / Revenue
-22.5%
Capex IntensityCapex / Revenue
35.7%
Cash ConversionOCF / Net Profit
1.13×
TTM Free Cash FlowTrailing 4 quarters
$-53.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAX
MAX
UTL
UTL
Q1 26
Q4 25
$-7.4M
$21.4M
Q3 25
$23.6M
$15.6M
Q2 25
$25.7M
$42.2M
Q1 25
$23.7M
$52.1M
Q4 24
$14.5M
$23.3M
Q3 24
$8.1M
$26.1M
Q2 24
$21.6M
$49.9M
Free Cash Flow
MAX
MAX
UTL
UTL
Q1 26
Q4 25
$-7.5M
$-36.3M
Q3 25
$23.6M
$-39.0M
Q2 25
$25.5M
$2.0M
Q1 25
$23.6M
$19.5M
Q4 24
$14.5M
$-32.3M
Q3 24
$8.0M
$-31.3M
Q2 24
$21.5M
$13.2M
FCF Margin
MAX
MAX
UTL
UTL
Q1 26
Q4 25
-2.6%
-22.5%
Q3 25
7.7%
-38.6%
Q2 25
10.2%
1.9%
Q1 25
8.9%
11.4%
Q4 24
4.8%
-25.3%
Q3 24
3.1%
-33.7%
Q2 24
12.0%
13.8%
Capex Intensity
MAX
MAX
UTL
UTL
Q1 26
Q4 25
0.0%
35.7%
Q3 25
0.0%
54.0%
Q2 25
0.1%
39.2%
Q1 25
0.0%
19.1%
Q4 24
0.0%
43.6%
Q3 24
0.0%
61.8%
Q2 24
0.1%
38.3%
Cash Conversion
MAX
MAX
UTL
UTL
Q1 26
Q4 25
-0.24×
1.13×
Q3 25
1.58×
Q2 25
10.55×
Q1 25
1.89×
Q4 24
3.13×
1.49×
Q3 24
0.85×
Q2 24
5.97×
11.60×

Financial Flow Comparison

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

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