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Side-by-side financial comparison of MARCHEX INC (MCHX) and Protalix BioTherapeutics, Inc. (PLX). Click either name above to swap in a different company.

MARCHEX INC is the larger business by last-quarter revenue ($10.8M vs $9.1M, roughly 1.2× Protalix BioTherapeutics, Inc.). MARCHEX INC runs the higher net margin — -21.4% vs -60.3%, a 39.0% gap on every dollar of revenue. On growth, MARCHEX INC posted the faster year-over-year revenue change (-9.0% vs -49.9%). Over the past eight quarters, MARCHEX INC's revenue compounded faster (-3.2% CAGR vs -6.7%).

Marchex Inc. is a U.S.-headquartered technology company focused on conversational analytics, call tracking, and digital marketing solutions for small and medium-sized businesses as well as enterprise clients across North America. Its core products help businesses optimize customer acquisition strategies, quantify marketing campaign performance, and improve customer engagement across voice and digital communication channels.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

MCHX vs PLX — Head-to-Head

Bigger by revenue
MCHX
MCHX
1.2× larger
MCHX
$10.8M
$9.1M
PLX
Growing faster (revenue YoY)
MCHX
MCHX
+40.9% gap
MCHX
-9.0%
-49.9%
PLX
Higher net margin
MCHX
MCHX
39.0% more per $
MCHX
-21.4%
-60.3%
PLX
Faster 2-yr revenue CAGR
MCHX
MCHX
Annualised
MCHX
-3.2%
-6.7%
PLX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MCHX
MCHX
PLX
PLX
Revenue
$10.8M
$9.1M
Net Profit
$-2.3M
$-5.5M
Gross Margin
61.6%
49.4%
Operating Margin
-21.9%
-51.1%
Net Margin
-21.4%
-60.3%
Revenue YoY
-9.0%
-49.9%
Net Profit YoY
-21.3%
-184.8%
EPS (diluted)
$-0.05
$-0.06

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
MCHX
MCHX
PLX
PLX
Q4 25
$10.8M
$9.1M
Q3 25
$11.5M
$17.9M
Q2 25
$11.7M
$15.7M
Q1 25
$11.4M
$10.1M
Q4 24
$11.9M
$18.2M
Q3 24
$12.6M
$18.0M
Q2 24
$12.1M
$13.5M
Q1 24
$11.6M
Net Profit
MCHX
MCHX
PLX
PLX
Q4 25
$-2.3M
$-5.5M
Q3 25
$-1.0M
$2.4M
Q2 25
$84.0K
$164.0K
Q1 25
$-2.0M
$-3.6M
Q4 24
$-1.9M
$6.5M
Q3 24
$-831.0K
$3.2M
Q2 24
$-756.0K
$-2.2M
Q1 24
$-1.4M
Gross Margin
MCHX
MCHX
PLX
PLX
Q4 25
61.6%
49.4%
Q3 25
63.1%
53.4%
Q2 25
65.1%
62.5%
Q1 25
63.3%
19.1%
Q4 24
63.2%
78.7%
Q3 24
66.4%
53.4%
Q2 24
65.6%
29.8%
Q1 24
61.9%
Operating Margin
MCHX
MCHX
PLX
PLX
Q4 25
-21.9%
-51.1%
Q3 25
-8.2%
11.9%
Q2 25
-4.6%
7.5%
Q1 25
-16.4%
-41.0%
Q4 24
-13.3%
39.6%
Q3 24
-6.6%
22.2%
Q2 24
-6.0%
-18.0%
Q1 24
-11.3%
Net Margin
MCHX
MCHX
PLX
PLX
Q4 25
-21.4%
-60.3%
Q3 25
-8.9%
13.2%
Q2 25
0.7%
1.0%
Q1 25
-17.4%
-35.8%
Q4 24
-16.0%
35.6%
Q3 24
-6.6%
18.0%
Q2 24
-6.3%
-16.4%
Q1 24
-12.5%
EPS (diluted)
MCHX
MCHX
PLX
PLX
Q4 25
$-0.05
$-0.06
Q3 25
$-0.02
$0.03
Q2 25
$0.00
$0.00
Q1 25
$-0.05
$-0.05
Q4 24
$-0.04
$0.10
Q3 24
$-0.02
$0.03
Q2 24
$-0.02
$-0.03
Q1 24
$-0.03

Balance Sheet & Financial Strength

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

Metric
MCHX
MCHX
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$9.9M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$30.1M
$48.2M
Total Assets
$39.7M
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MCHX
MCHX
PLX
PLX
Q4 25
$9.9M
$14.7M
Q3 25
$10.3M
$13.6M
Q2 25
$10.5M
$17.9M
Q1 25
$10.0M
$19.5M
Q4 24
$12.8M
$19.8M
Q3 24
$12.1M
$27.4M
Q2 24
$12.0M
$23.4M
Q1 24
$12.0M
Stockholders' Equity
MCHX
MCHX
PLX
PLX
Q4 25
$30.1M
$48.2M
Q3 25
$31.9M
$52.9M
Q2 25
$32.0M
$49.9M
Q1 25
$31.4M
$45.2M
Q4 24
$32.6M
$43.2M
Q3 24
$34.1M
$32.4M
Q2 24
$34.5M
$28.6M
Q1 24
$34.9M
Total Assets
MCHX
MCHX
PLX
PLX
Q4 25
$39.7M
$82.3M
Q3 25
$41.1M
$82.3M
Q2 25
$42.0M
$78.5M
Q1 25
$40.6M
$73.9M
Q4 24
$43.2M
$73.4M
Q3 24
$44.1M
$61.6M
Q2 24
$45.5M
$91.5M
Q1 24
$45.6M

Cash Flow & Capital Efficiency

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

Metric
MCHX
MCHX
PLX
PLX
Operating Cash FlowLast quarter
$121.0K
$2.0M
Free Cash FlowOCF − Capex
$1.6M
FCF MarginFCF / Revenue
17.8%
Capex IntensityCapex / Revenue
4.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MCHX
MCHX
PLX
PLX
Q4 25
$121.0K
$2.0M
Q3 25
$290.0K
$-3.7M
Q2 25
$803.0K
$-5.2M
Q1 25
$-2.6M
$-5.1M
Q4 24
$875.0K
$4.0M
Q3 24
$382.0K
$4.1M
Q2 24
$117.0K
$-3.6M
Q1 24
$-2.5M
Free Cash Flow
MCHX
MCHX
PLX
PLX
Q4 25
$1.6M
Q3 25
$-4.2M
Q2 25
$-5.7M
Q1 25
$-5.4M
Q4 24
$757.0K
$3.6M
Q3 24
$199.0K
$4.0M
Q2 24
$40.0K
$-3.8M
Q1 24
$-2.5M
FCF Margin
MCHX
MCHX
PLX
PLX
Q4 25
17.8%
Q3 25
-23.7%
Q2 25
-36.2%
Q1 25
-53.0%
Q4 24
6.3%
19.6%
Q3 24
1.6%
22.4%
Q2 24
0.3%
-28.1%
Q1 24
-21.4%
Capex Intensity
MCHX
MCHX
PLX
PLX
Q4 25
4.4%
Q3 25
0.0%
2.8%
Q2 25
2.8%
Q1 25
3.0%
Q4 24
1.0%
2.3%
Q3 24
1.5%
0.5%
Q2 24
0.6%
1.3%
Q1 24
0.0%
Cash Conversion
MCHX
MCHX
PLX
PLX
Q4 25
Q3 25
-1.58×
Q2 25
9.56×
-31.91×
Q1 25
Q4 24
0.61×
Q3 24
1.27×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

MCHX
MCHX

Segment breakdown not available.

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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