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Side-by-side financial comparison of MBIA INC (MBI) and PRO DEX INC (PDEX). Click either name above to swap in a different company.

MBIA INC is the larger business by last-quarter revenue ($28.0M vs $18.7M, roughly 1.5× PRO DEX INC). PRO DEX INC runs the higher net margin — 11.7% vs -182.1%, a 193.9% gap on every dollar of revenue. On growth, PRO DEX INC posted the faster year-over-year revenue change (11.1% vs -24.3%). Over the past eight quarters, MBIA INC's revenue compounded faster (46.8% CAGR vs 14.3%).

MBIA Inc. is an American financial services company. It was founded in 1973 as the Municipal Bond Insurance Association. It is headquartered in Purchase, New York, and as of January 1, 2015 had approximately 180 employees. MBIA is the largest bond insurer.

Pro Dex Inc is a precision manufacturing enterprise that produces custom machined components, subassemblies and finished products primarily for medical device original equipment manufacturers, as well as clients in the aerospace and industrial sectors, with its core operating market covering North America.

MBI vs PDEX — Head-to-Head

Bigger by revenue
MBI
MBI
1.5× larger
MBI
$28.0M
$18.7M
PDEX
Growing faster (revenue YoY)
PDEX
PDEX
+35.5% gap
PDEX
11.1%
-24.3%
MBI
Higher net margin
PDEX
PDEX
193.9% more per $
PDEX
11.7%
-182.1%
MBI
Faster 2-yr revenue CAGR
MBI
MBI
Annualised
MBI
46.8%
14.3%
PDEX

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
MBI
MBI
PDEX
PDEX
Revenue
$28.0M
$18.7M
Net Profit
$-51.0M
$2.2M
Gross Margin
30.8%
Operating Margin
-200.0%
17.5%
Net Margin
-182.1%
11.7%
Revenue YoY
-24.3%
11.1%
Net Profit YoY
-106.1%
7.2%
EPS (diluted)
$-1.01
$0.66

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
MBI
MBI
PDEX
PDEX
Q4 25
$28.0M
$18.7M
Q3 25
$15.0M
$18.5M
Q2 25
$23.0M
$17.5M
Q1 25
$14.0M
$17.4M
Q4 24
$37.0M
$16.8M
Q3 24
$29.0M
$14.9M
Q2 24
$-37.0M
$15.0M
Q1 24
$13.0M
$14.3M
Net Profit
MBI
MBI
PDEX
PDEX
Q4 25
$-51.0M
$2.2M
Q3 25
$-8.0M
$4.7M
Q2 25
$-56.0M
$1.2M
Q1 25
$-62.0M
$3.3M
Q4 24
$831.0M
$2.0M
Q3 24
$-56.0M
$2.5M
Q2 24
$-254.0M
$1.6M
Q1 24
$-86.0M
$655.0K
Gross Margin
MBI
MBI
PDEX
PDEX
Q4 25
30.8%
Q3 25
29.0%
Q2 25
19.9%
Q1 25
33.3%
Q4 24
30.2%
Q3 24
34.6%
Q2 24
27.2%
Q1 24
28.0%
Operating Margin
MBI
MBI
PDEX
PDEX
Q4 25
-200.0%
17.5%
Q3 25
-46.7%
16.8%
Q2 25
-243.5%
7.7%
Q1 25
-442.9%
20.9%
Q4 24
-135.1%
16.0%
Q3 24
-175.9%
20.2%
Q2 24
683.8%
15.6%
Q1 24
-669.2%
15.5%
Net Margin
MBI
MBI
PDEX
PDEX
Q4 25
-182.1%
11.7%
Q3 25
-53.3%
25.3%
Q2 25
-243.5%
6.8%
Q1 25
-442.9%
18.8%
Q4 24
2245.9%
12.1%
Q3 24
-193.1%
16.6%
Q2 24
686.5%
10.6%
Q1 24
-661.5%
4.6%
EPS (diluted)
MBI
MBI
PDEX
PDEX
Q4 25
$-1.01
$0.66
Q3 25
$-0.17
$1.40
Q2 25
$-1.12
$0.33
Q1 25
$-1.28
$0.98
Q4 24
$-1.07
$0.61
Q3 24
$-1.18
$0.75
Q2 24
$-5.34
$0.44
Q1 24
$-1.84
$0.19

Balance Sheet & Financial Strength

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

Metric
MBI
MBI
PDEX
PDEX
Cash + ST InvestmentsLiquidity on hand
$6.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.2B
$41.6M
Total Assets
$2.0B
$62.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBI
MBI
PDEX
PDEX
Q4 25
$6.1M
Q3 25
$10.1M
Q2 25
$6.8M
Q1 25
$5.5M
Q4 24
$4.7M
Q3 24
$7.8M
Q2 24
$6.8M
Q1 24
$7.8M
Total Debt
MBI
MBI
PDEX
PDEX
Q4 25
Q3 25
Q2 25
$15.4M
Q1 25
Q4 24
Q3 24
Q2 24
$12.0M
Q1 24
Stockholders' Equity
MBI
MBI
PDEX
PDEX
Q4 25
$-2.2B
$41.6M
Q3 25
$-2.2B
$41.5M
Q2 25
$-2.2B
$36.6M
Q1 25
$-2.1B
$35.3M
Q4 24
$-2.1B
$31.8M
Q3 24
$-2.0B
$30.9M
Q2 24
$-2.0B
$30.9M
Q1 24
$-1.7B
$30.9M
Total Assets
MBI
MBI
PDEX
PDEX
Q4 25
$2.0B
$62.3M
Q3 25
$2.1B
$64.3M
Q2 25
$2.1B
$61.2M
Q1 25
$2.1B
$64.3M
Q4 24
$2.2B
$60.4M
Q3 24
$2.2B
$54.3M
Q2 24
$2.3B
$52.5M
Q1 24
$2.5B
$50.5M
Debt / Equity
MBI
MBI
PDEX
PDEX
Q4 25
Q3 25
Q2 25
0.42×
Q1 25
Q4 24
Q3 24
Q2 24
0.39×
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
MBI
MBI
PDEX
PDEX
Operating Cash FlowLast quarter
$38.0M
$3.6M
Free Cash FlowOCF − Capex
$3.5M
FCF MarginFCF / Revenue
18.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBI
MBI
PDEX
PDEX
Q4 25
$38.0M
$3.6M
Q3 25
$90.0M
$2.3M
Q2 25
$1.0M
$-173.0K
Q1 25
$-43.0M
$754.0K
Q4 24
$-176.0M
$-4.2M
Q3 24
$-139.0M
$1.9M
Q2 24
$-10.0M
$1.0M
Q1 24
$-30.0M
$4.1M
Free Cash Flow
MBI
MBI
PDEX
PDEX
Q4 25
$3.5M
Q3 25
$2.2M
Q2 25
Q1 25
$574.0K
Q4 24
$-4.7M
Q3 24
$1.5M
Q2 24
Q1 24
$4.0M
FCF Margin
MBI
MBI
PDEX
PDEX
Q4 25
18.8%
Q3 25
11.9%
Q2 25
Q1 25
3.3%
Q4 24
-27.9%
Q3 24
9.8%
Q2 24
Q1 24
27.7%
Capex Intensity
MBI
MBI
PDEX
PDEX
Q4 25
0.4%
Q3 25
0.5%
Q2 25
Q1 25
1.0%
Q4 24
3.2%
Q3 24
2.9%
Q2 24
Q1 24
0.8%
Cash Conversion
MBI
MBI
PDEX
PDEX
Q4 25
1.63×
Q3 25
0.49×
Q2 25
-0.14×
Q1 25
0.23×
Q4 24
-0.21×
-2.03×
Q3 24
0.77×
Q2 24
0.66×
Q1 24
6.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MBI
MBI

US Public Finance Insurance$15.0M54%
Corporate Operations$7.0M25%
International And Structured Finance Insurance$5.0M18%
Other$1.0M4%

PDEX
PDEX

Segment breakdown not available.

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