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Side-by-side financial comparison of MADRIGAL PHARMACEUTICALS, INC. (MDGL) and MACOM Technology Solutions Holdings, Inc. (MTSI). Click either name above to swap in a different company.

MADRIGAL PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($321.1M vs $271.6M, roughly 1.2× MACOM Technology Solutions Holdings, Inc.). MACOM Technology Solutions Holdings, Inc. runs the higher net margin — 18.0% vs -18.2%, a 36.2% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 24.5%). MACOM Technology Solutions Holdings, Inc. produced more free cash flow last quarter ($30.0M vs $-133.8M).

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.

MDGL vs MTSI — Head-to-Head

Bigger by revenue
MDGL
MDGL
1.2× larger
MDGL
$321.1M
$271.6M
MTSI
Growing faster (revenue YoY)
MDGL
MDGL
+186.2% gap
MDGL
210.8%
24.5%
MTSI
Higher net margin
MTSI
MTSI
36.2% more per $
MTSI
18.0%
-18.2%
MDGL
More free cash flow
MTSI
MTSI
$163.8M more FCF
MTSI
$30.0M
$-133.8M
MDGL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MDGL
MDGL
MTSI
MTSI
Revenue
$321.1M
$271.6M
Net Profit
$-58.6M
$48.8M
Gross Margin
55.9%
Operating Margin
-18.6%
15.9%
Net Margin
-18.2%
18.0%
Revenue YoY
210.8%
24.5%
Net Profit YoY
1.4%
129.1%
EPS (diluted)
$-2.55
$0.64

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
MDGL
MDGL
MTSI
MTSI
Q1 26
$271.6M
Q4 25
$321.1M
$261.2M
Q3 25
$287.3M
$252.1M
Q2 25
$212.8M
$235.9M
Q1 25
$137.3M
$218.1M
Q4 24
$103.3M
Q3 24
$62.2M
$200.7M
Q2 24
$190.5M
Net Profit
MDGL
MDGL
MTSI
MTSI
Q1 26
$48.8M
Q4 25
$-58.6M
$45.1M
Q3 25
$-114.2M
$36.5M
Q2 25
$-42.3M
$31.7M
Q1 25
$-73.2M
$-167.5M
Q4 24
$-59.4M
Q3 24
$-107.0M
$29.4M
Q2 24
$19.9M
Gross Margin
MDGL
MDGL
MTSI
MTSI
Q1 26
55.9%
Q4 25
54.5%
Q3 25
55.3%
Q2 25
55.2%
Q1 25
96.7%
53.7%
Q4 24
Q3 24
54.7%
Q2 24
53.2%
Operating Margin
MDGL
MDGL
MTSI
MTSI
Q1 26
15.9%
Q4 25
-18.6%
15.2%
Q3 25
-39.7%
14.9%
Q2 25
-22.2%
14.8%
Q1 25
-57.8%
8.0%
Q4 24
-64.8%
Q3 24
-187.1%
13.7%
Q2 24
10.4%
Net Margin
MDGL
MDGL
MTSI
MTSI
Q1 26
18.0%
Q4 25
-18.2%
17.3%
Q3 25
-39.8%
14.5%
Q2 25
-19.9%
13.4%
Q1 25
-53.4%
-76.8%
Q4 24
-57.5%
Q3 24
-172.0%
14.7%
Q2 24
10.5%
EPS (diluted)
MDGL
MDGL
MTSI
MTSI
Q1 26
$0.64
Q4 25
$-2.55
$0.67
Q3 25
$-5.08
$0.48
Q2 25
$-1.90
$0.42
Q1 25
$-3.32
$-2.30
Q4 24
$-2.50
Q3 24
$-4.92
$0.40
Q2 24
$0.27

Balance Sheet & Financial Strength

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

Metric
MDGL
MDGL
MTSI
MTSI
Cash + ST InvestmentsLiquidity on hand
$198.7M
$768.5M
Total DebtLower is stronger
$339.9M
Stockholders' EquityBook value
$602.7M
$1.4B
Total Assets
$1.3B
$2.1B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MDGL
MDGL
MTSI
MTSI
Q1 26
$768.5M
Q4 25
$198.7M
$786.0M
Q3 25
$295.7M
$735.2M
Q2 25
$186.2M
$681.5M
Q1 25
$183.6M
$656.5M
Q4 24
$100.0M
Q3 24
$232.7M
$581.9M
Q2 24
$521.5M
Total Debt
MDGL
MDGL
MTSI
MTSI
Q1 26
Q4 25
$339.9M
Q3 25
$339.8M
Q2 25
$118.4M
Q1 25
$118.0M
Q4 24
$117.6M
Q3 24
$117.1M
Q2 24
Stockholders' Equity
MDGL
MDGL
MTSI
MTSI
Q1 26
$1.4B
Q4 25
$602.7M
$1.3B
Q3 25
$625.7M
$1.3B
Q2 25
$696.0M
$1.2B
Q1 25
$710.6M
$1.2B
Q4 24
$754.4M
Q3 24
$777.2M
$1.1B
Q2 24
$1.1B
Total Assets
MDGL
MDGL
MTSI
MTSI
Q1 26
$2.1B
Q4 25
$1.3B
$2.1B
Q3 25
$1.4B
$2.0B
Q2 25
$1.0B
$1.9B
Q1 25
$996.6M
$1.8B
Q4 24
$1.0B
Q3 24
$1.1B
$1.8B
Q2 24
$1.7B
Debt / Equity
MDGL
MDGL
MTSI
MTSI
Q1 26
Q4 25
0.56×
Q3 25
0.54×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.15×
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
MDGL
MDGL
MTSI
MTSI
Operating Cash FlowLast quarter
$-133.5M
$42.9M
Free Cash FlowOCF − Capex
$-133.8M
$30.0M
FCF MarginFCF / Revenue
-41.7%
11.0%
Capex IntensityCapex / Revenue
0.1%
4.8%
Cash ConversionOCF / Net Profit
0.88×
TTM Free Cash FlowTrailing 4 quarters
$161.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MDGL
MDGL
MTSI
MTSI
Q1 26
$42.9M
Q4 25
$-133.5M
$69.6M
Q3 25
$79.8M
$60.4M
Q2 25
$-47.1M
$38.7M
Q1 25
$-88.9M
$66.7M
Q4 24
$-104.5M
Q3 24
$-67.0M
$62.3M
Q2 24
$49.0M
Free Cash Flow
MDGL
MDGL
MTSI
MTSI
Q1 26
$30.0M
Q4 25
$-133.8M
$49.4M
Q3 25
$79.0M
$51.6M
Q2 25
$30.5M
Q1 25
$61.3M
Q4 24
$-104.7M
Q3 24
$-67.8M
$57.1M
Q2 24
$41.5M
FCF Margin
MDGL
MDGL
MTSI
MTSI
Q1 26
11.0%
Q4 25
-41.7%
18.9%
Q3 25
27.5%
20.5%
Q2 25
12.9%
Q1 25
28.1%
Q4 24
-101.3%
Q3 24
-109.0%
28.5%
Q2 24
21.8%
Capex Intensity
MDGL
MDGL
MTSI
MTSI
Q1 26
4.8%
Q4 25
0.1%
7.7%
Q3 25
0.3%
3.5%
Q2 25
0.0%
3.5%
Q1 25
0.0%
2.4%
Q4 24
0.2%
Q3 24
1.3%
2.6%
Q2 24
3.9%
Cash Conversion
MDGL
MDGL
MTSI
MTSI
Q1 26
0.88×
Q4 25
1.54×
Q3 25
1.65×
Q2 25
1.22×
Q1 25
Q4 24
Q3 24
2.12×
Q2 24
2.46×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

MTSI
MTSI

Industrial Defense$117.7M43%
Data Center$85.8M32%
Telecom$68.1M25%

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