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Side-by-side financial comparison of MESOBLAST LTD (MESO) and UNITED GUARDIAN INC (UG). Click either name above to swap in a different company.

UNITED GUARDIAN INC is the larger business by last-quarter revenue ($3.0M vs $1.9M, roughly 1.5× MESOBLAST LTD). On growth, UNITED GUARDIAN INC posted the faster year-over-year revenue change (19.6% vs -3.6%).

Mesoblast Limited is an Australian regenerative medicine company. It seeks to provide treatments for inflammatory ailments, cardiovascular disease, and back pain. The company is led by Silviu Itescu, who founded the company in 2004.

The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the world. Based in Manhattan, it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the Fortune 500 list of largest American corporations by revenue. In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billio...

MESO vs UG — Head-to-Head

Bigger by revenue
UG
UG
1.5× larger
UG
$3.0M
$1.9M
MESO
Growing faster (revenue YoY)
UG
UG
+23.2% gap
UG
19.6%
-3.6%
MESO

Income Statement — Q3 FY2023 vs Q4 FY2025

Metric
MESO
MESO
UG
UG
Revenue
$1.9M
$3.0M
Net Profit
$-18.6M
Gross Margin
45.0%
Operating Margin
24.4%
Net Margin
-959.3%
Revenue YoY
-3.6%
19.6%
Net Profit YoY
12.7%
EPS (diluted)
$-0.03

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
MESO
MESO
UG
UG
Q4 25
$3.0M
Q3 25
$2.3M
Q2 25
$2.8M
Q1 25
$2.5M
Q4 24
$2.5M
Q3 24
$3.1M
Q2 24
$3.4M
Q1 24
$3.3M
Net Profit
MESO
MESO
UG
UG
Q4 25
Q3 25
$268.4K
Q2 25
$626.8K
Q1 25
$560.9K
Q4 24
Q3 24
$865.5K
Q2 24
$956.2K
Q1 24
$925.4K
Gross Margin
MESO
MESO
UG
UG
Q4 25
45.0%
Q3 25
42.1%
Q2 25
52.8%
Q1 25
54.7%
Q4 24
51.7%
Q3 24
54.0%
Q2 24
54.0%
Q1 24
52.2%
Operating Margin
MESO
MESO
UG
UG
Q4 25
24.4%
Q3 25
9.5%
Q2 25
24.5%
Q1 25
24.6%
Q4 24
22.5%
Q3 24
31.0%
Q2 24
32.9%
Q1 24
31.5%
Net Margin
MESO
MESO
UG
UG
Q4 25
Q3 25
11.9%
Q2 25
22.1%
Q1 25
22.6%
Q4 24
Q3 24
28.3%
Q2 24
28.2%
Q1 24
28.4%

Balance Sheet & Financial Strength

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

Metric
MESO
MESO
UG
UG
Cash + ST InvestmentsLiquidity on hand
$48.8M
$8.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$482.2M
$11.2M
Total Assets
$650.4M
$13.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MESO
MESO
UG
UG
Q4 25
$8.6M
Q3 25
$8.3M
Q2 25
$8.4M
Q1 25
$8.1M
Q4 24
$9.4M
Q3 24
$9.5M
Q2 24
$9.9M
Q1 24
$8.6M
Stockholders' Equity
MESO
MESO
UG
UG
Q4 25
$11.2M
Q3 25
$10.6M
Q2 25
$11.5M
Q1 25
$10.8M
Q4 24
$11.9M
Q3 24
$11.4M
Q2 24
$12.1M
Q1 24
$11.2M
Total Assets
MESO
MESO
UG
UG
Q4 25
$13.1M
Q3 25
$12.2M
Q2 25
$13.4M
Q1 25
$12.8M
Q4 24
$13.8M
Q3 24
$13.3M
Q2 24
$13.8M
Q1 24
$13.0M

Cash Flow & Capital Efficiency

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

Metric
MESO
MESO
UG
UG
Operating Cash FlowLast quarter
$-16.3M
$330.5K
Free Cash FlowOCF − Capex
$308.0K
FCF MarginFCF / Revenue
10.4%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MESO
MESO
UG
UG
Q4 25
$330.5K
Q3 25
$1.0M
Q2 25
$303.2K
Q1 25
$322.1K
Q4 24
$269.3K
Q3 24
$1.2M
Q2 24
$1.3M
Q1 24
$644.1K
Free Cash Flow
MESO
MESO
UG
UG
Q4 25
$308.0K
Q3 25
$995.8K
Q2 25
$285.6K
Q1 25
$318.5K
Q4 24
$-45.9K
Q3 24
$1.2M
Q2 24
$1.3M
Q1 24
$622.2K
FCF Margin
MESO
MESO
UG
UG
Q4 25
10.4%
Q3 25
44.0%
Q2 25
10.1%
Q1 25
12.8%
Q4 24
-1.9%
Q3 24
39.2%
Q2 24
37.1%
Q1 24
19.1%
Capex Intensity
MESO
MESO
UG
UG
Q4 25
0.8%
Q3 25
0.7%
Q2 25
0.6%
Q1 25
0.1%
Q4 24
12.7%
Q3 24
1.0%
Q2 24
1.9%
Q1 24
0.7%
Cash Conversion
MESO
MESO
UG
UG
Q4 25
Q3 25
3.77×
Q2 25
0.48×
Q1 25
0.57×
Q4 24
Q3 24
1.42×
Q2 24
1.38×
Q1 24
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MESO
MESO

Segment breakdown not available.

UG
UG

Pharmaceuticals$1.6M53%
Other$1.4M47%

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