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Side-by-side financial comparison of MediaAlpha, Inc. (MAX) and WORTHINGTON ENTERPRISES, INC. (WOR). Click either name above to swap in a different company.

WORTHINGTON ENTERPRISES, INC. is the larger business by last-quarter revenue ($327.5M vs $310.0M, roughly 1.1× MediaAlpha, Inc.). WORTHINGTON ENTERPRISES, INC. runs the higher net margin — 8.3% vs 4.5%, a 3.8% gap on every dollar of revenue. On growth, WORTHINGTON ENTERPRISES, INC. posted the faster year-over-year revenue change (19.5% vs 17.3%).

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.

Worthington Enterprises, Inc. is an American industrial manufacturing company headquartered in Columbus, Ohio. The company is composed of two business segments, consumer products and building products. Within these segments, the company designs and manufactures pressure vessels such as propane, oxygen and helium tanks, refrigerant and industrial cylinders, camping and residential use cylinders, water system tanks for storage, treatment, heating, expansion and flow control, as well as a variet...

MAX vs WOR — Head-to-Head

Bigger by revenue
WOR
WOR
1.1× larger
WOR
$327.5M
$310.0M
MAX
Growing faster (revenue YoY)
WOR
WOR
+2.2% gap
WOR
19.5%
17.3%
MAX
Higher net margin
WOR
WOR
3.8% more per $
WOR
8.3%
4.5%
MAX

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
MAX
MAX
WOR
WOR
Revenue
$310.0M
$327.5M
Net Profit
$14.0M
$27.3M
Gross Margin
15.1%
25.8%
Operating Margin
7.2%
3.7%
Net Margin
4.5%
8.3%
Revenue YoY
17.3%
19.5%
Net Profit YoY
701.8%
-3.3%
EPS (diluted)
$0.55

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
WOR
WOR
Q1 26
$310.0M
Q4 25
$291.2M
$327.5M
Q3 25
$306.5M
$303.7M
Q2 25
$251.6M
Q1 25
$264.3M
Q4 24
$300.6M
Q3 24
$259.1M
Q2 24
$178.3M
Net Profit
MAX
MAX
WOR
WOR
Q1 26
$14.0M
Q4 25
$31.4M
$27.3M
Q3 25
$14.9M
$35.1M
Q2 25
$-18.7M
Q1 25
$-1.9M
Q4 24
$4.6M
Q3 24
$9.5M
Q2 24
$3.6M
Gross Margin
MAX
MAX
WOR
WOR
Q1 26
15.1%
Q4 25
15.4%
25.8%
Q3 25
14.2%
27.1%
Q2 25
15.0%
Q1 25
15.8%
Q4 24
16.3%
Q3 24
15.1%
Q2 24
17.8%
Operating Margin
MAX
MAX
WOR
WOR
Q1 26
7.2%
Q4 25
7.7%
3.7%
Q3 25
6.4%
3.0%
Q2 25
-8.0%
Q1 25
0.0%
Q4 24
6.1%
Q3 24
6.0%
Q2 24
3.6%
Net Margin
MAX
MAX
WOR
WOR
Q1 26
4.5%
Q4 25
10.8%
8.3%
Q3 25
4.9%
11.6%
Q2 25
-7.4%
Q1 25
-0.7%
Q4 24
1.5%
Q3 24
3.7%
Q2 24
2.0%
EPS (diluted)
MAX
MAX
WOR
WOR
Q1 26
Q4 25
$0.50
$0.55
Q3 25
$0.26
$0.70
Q2 25
$-0.33
Q1 25
$-0.04
Q4 24
$0.09
Q3 24
$0.17
Q2 24
$0.07

Balance Sheet & Financial Strength

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

Metric
MAX
MAX
WOR
WOR
Cash + ST InvestmentsLiquidity on hand
$26.1M
$180.3M
Total DebtLower is stronger
$163.5M
Stockholders' EquityBook value
$962.6M
Total Assets
$367.7M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MAX
MAX
WOR
WOR
Q1 26
$26.1M
Q4 25
$46.9M
$180.3M
Q3 25
$38.8M
$167.1M
Q2 25
$85.4M
Q1 25
$63.6M
Q4 24
$43.3M
Q3 24
$32.3M
Q2 24
$28.7M
Total Debt
MAX
MAX
WOR
WOR
Q1 26
$163.5M
Q4 25
$153.4M
Q3 25
$155.7M
Q2 25
$158.0M
Q1 25
$160.2M
Q4 24
$162.4M
Q3 24
$164.7M
Q2 24
$166.9M
Stockholders' Equity
MAX
MAX
WOR
WOR
Q1 26
Q4 25
$4.2M
$962.6M
Q3 25
$-29.8M
$959.1M
Q2 25
$-3.8M
Q1 25
$7.9M
Q4 24
$2.4M
Q3 24
$-8.4M
Q2 24
$-24.4M
Total Assets
MAX
MAX
WOR
WOR
Q1 26
$367.7M
Q4 25
$383.8M
$1.8B
Q3 25
$266.2M
$1.7B
Q2 25
$249.4M
Q1 25
$240.0M
Q4 24
$262.4M
Q3 24
$236.1M
Q2 24
$198.2M
Debt / Equity
MAX
MAX
WOR
WOR
Q1 26
Q4 25
36.88×
Q3 25
Q2 25
Q1 25
20.23×
Q4 24
68.31×
Q3 24
Q2 24

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
WOR
WOR
Operating Cash FlowLast quarter
$51.5M
Free Cash FlowOCF − Capex
$39.1M
FCF MarginFCF / Revenue
11.9%
Capex IntensityCapex / Revenue
3.8%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MAX
MAX
WOR
WOR
Q1 26
Q4 25
$-7.4M
$51.5M
Q3 25
$23.6M
$41.1M
Q2 25
$25.7M
Q1 25
$23.7M
Q4 24
$14.5M
Q3 24
$8.1M
Q2 24
$21.6M
Free Cash Flow
MAX
MAX
WOR
WOR
Q1 26
Q4 25
$-7.5M
$39.1M
Q3 25
$23.6M
$27.9M
Q2 25
$25.5M
Q1 25
$23.6M
Q4 24
$14.5M
Q3 24
$8.0M
Q2 24
$21.5M
FCF Margin
MAX
MAX
WOR
WOR
Q1 26
Q4 25
-2.6%
11.9%
Q3 25
7.7%
9.2%
Q2 25
10.2%
Q1 25
8.9%
Q4 24
4.8%
Q3 24
3.1%
Q2 24
12.0%
Capex Intensity
MAX
MAX
WOR
WOR
Q1 26
Q4 25
0.0%
3.8%
Q3 25
0.0%
4.3%
Q2 25
0.1%
Q1 25
0.0%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.1%
Cash Conversion
MAX
MAX
WOR
WOR
Q1 26
Q4 25
-0.24×
1.89×
Q3 25
1.58×
1.17×
Q2 25
Q1 25
Q4 24
3.13×
Q3 24
0.85×
Q2 24
5.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MAX
MAX

Segment breakdown not available.

WOR
WOR

Building Products$207.5M63%
Equity Method Investment Nonconsolidated Investee Other$120.7M37%

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