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Side-by-side financial comparison of MBIA INC (MBI) and ROCKWELL MEDICAL, INC. (RMTI). Click either name above to swap in a different company.

MBIA INC is the larger business by last-quarter revenue ($28.0M vs $18.3M, roughly 1.5× ROCKWELL MEDICAL, INC.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -182.1%, a 179.1% gap on every dollar of revenue. On growth, MBIA INC posted the faster year-over-year revenue change (-24.3% vs -25.6%). Over the past eight quarters, MBIA INC's revenue compounded faster (46.8% CAGR vs -10.1%).

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.

Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).

MBI vs RMTI — Head-to-Head

Bigger by revenue
MBI
MBI
1.5× larger
MBI
$28.0M
$18.3M
RMTI
Growing faster (revenue YoY)
MBI
MBI
+1.3% gap
MBI
-24.3%
-25.6%
RMTI
Higher net margin
RMTI
RMTI
179.1% more per $
RMTI
-3.0%
-182.1%
MBI
Faster 2-yr revenue CAGR
MBI
MBI
Annualised
MBI
46.8%
-10.1%
RMTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MBI
MBI
RMTI
RMTI
Revenue
$28.0M
$18.3M
Net Profit
$-51.0M
$-554.0K
Gross Margin
21.1%
Operating Margin
-200.0%
-2.2%
Net Margin
-182.1%
-3.0%
Revenue YoY
-24.3%
-25.6%
Net Profit YoY
-106.1%
26.7%
EPS (diluted)
$-1.01
$-0.01

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
RMTI
RMTI
Q4 25
$28.0M
$18.3M
Q3 25
$15.0M
$15.9M
Q2 25
$23.0M
$16.1M
Q1 25
$14.0M
$18.9M
Q4 24
$37.0M
$24.7M
Q3 24
$29.0M
$28.3M
Q2 24
$-37.0M
$25.8M
Q1 24
$13.0M
$22.7M
Net Profit
MBI
MBI
RMTI
RMTI
Q4 25
$-51.0M
$-554.0K
Q3 25
$-8.0M
$-1.8M
Q2 25
$-56.0M
$-1.5M
Q1 25
$-62.0M
$-1.5M
Q4 24
$831.0M
$-756.0K
Q3 24
$-56.0M
$1.7M
Q2 24
$-254.0M
$343.0K
Q1 24
$-86.0M
$-1.7M
Gross Margin
MBI
MBI
RMTI
RMTI
Q4 25
21.1%
Q3 25
14.3%
Q2 25
15.6%
Q1 25
16.1%
Q4 24
14.7%
Q3 24
22.0%
Q2 24
17.6%
Q1 24
13.5%
Operating Margin
MBI
MBI
RMTI
RMTI
Q4 25
-200.0%
-2.2%
Q3 25
-46.7%
-9.9%
Q2 25
-243.5%
-8.4%
Q1 25
-442.9%
-7.2%
Q4 24
-135.1%
-2.1%
Q3 24
-175.9%
6.8%
Q2 24
683.8%
2.0%
Q1 24
-669.2%
-5.8%
Net Margin
MBI
MBI
RMTI
RMTI
Q4 25
-182.1%
-3.0%
Q3 25
-53.3%
-11.0%
Q2 25
-243.5%
-9.3%
Q1 25
-442.9%
-8.0%
Q4 24
2245.9%
-3.1%
Q3 24
-193.1%
5.9%
Q2 24
686.5%
1.3%
Q1 24
-661.5%
-7.6%
EPS (diluted)
MBI
MBI
RMTI
RMTI
Q4 25
$-1.01
$-0.01
Q3 25
$-0.17
$-0.05
Q2 25
$-1.12
$-0.05
Q1 25
$-1.28
$-0.04
Q4 24
$-1.07
$-0.02
Q3 24
$-1.18
$0.04
Q2 24
$-5.34
$0.01
Q1 24
$-1.84
$-0.06

Balance Sheet & Financial Strength

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

Metric
MBI
MBI
RMTI
RMTI
Cash + ST InvestmentsLiquidity on hand
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-2.2B
$37.0M
Total Assets
$2.0B
$57.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBI
MBI
RMTI
RMTI
Q4 25
$10.7M
Q3 25
$13.6M
Q2 25
$12.5M
Q1 25
$11.4M
Q4 24
$15.7M
Q3 24
$12.3M
Q2 24
$11.9M
Q1 24
$6.6M
Stockholders' Equity
MBI
MBI
RMTI
RMTI
Q4 25
$-2.2B
$37.0M
Q3 25
$-2.2B
$37.0M
Q2 25
$-2.2B
$30.4M
Q1 25
$-2.1B
$31.5M
Q4 24
$-2.1B
$32.6M
Q3 24
$-2.0B
$29.1M
Q2 24
$-2.0B
$23.5M
Q1 24
$-1.7B
$20.6M
Total Assets
MBI
MBI
RMTI
RMTI
Q4 25
$2.0B
$57.1M
Q3 25
$2.1B
$57.5M
Q2 25
$2.1B
$52.6M
Q1 25
$2.1B
$54.0M
Q4 24
$2.2B
$59.2M
Q3 24
$2.2B
$57.1M
Q2 24
$2.3B
$53.0M
Q1 24
$2.5B
$50.7M

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
RMTI
RMTI
Operating Cash FlowLast quarter
$38.0M
$2.3M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBI
MBI
RMTI
RMTI
Q4 25
$38.0M
$2.3M
Q3 25
$90.0M
$-1.3M
Q2 25
$1.0M
$1.8M
Q1 25
$-43.0M
$-3.5M
Q4 24
$-176.0M
$865.0K
Q3 24
$-139.0M
$4.3M
Q2 24
$-10.0M
$1.4M
Q1 24
$-30.0M
$-2.4M
Free Cash Flow
MBI
MBI
RMTI
RMTI
Q4 25
$2.2M
Q3 25
$-1.5M
Q2 25
$1.7M
Q1 25
$-3.5M
Q4 24
$470.0K
Q3 24
$4.1M
Q2 24
$1.2M
Q1 24
$-2.5M
FCF Margin
MBI
MBI
RMTI
RMTI
Q4 25
12.0%
Q3 25
-9.6%
Q2 25
10.5%
Q1 25
-18.8%
Q4 24
1.9%
Q3 24
14.4%
Q2 24
4.5%
Q1 24
-11.1%
Capex Intensity
MBI
MBI
RMTI
RMTI
Q4 25
0.5%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
1.1%
Q1 24
0.6%
Cash Conversion
MBI
MBI
RMTI
RMTI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
-0.21×
Q3 24
2.57×
Q2 24
4.20×
Q1 24

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%

RMTI
RMTI

US$15.9M87%
Non Us$2.4M13%

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