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Side-by-side financial comparison of mF International Ltd (MFI) and Token Cat Ltd (TC). Click either name above to swap in a different company.
Token Cat Ltd is the larger business by last-quarter revenue ($2.8M vs $1.9M, roughly 1.4× mF International Ltd). Token Cat Ltd runs the higher net margin — -3.4% vs -90.9%, a 87.5% gap on every dollar of revenue. On growth, mF International Ltd posted the faster year-over-year revenue change (20.2% vs -37.9%).
MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity prob...
MFI vs TC — Head-to-Head
Income Statement — Q2 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.9M | $2.8M |
| Net Profit | $-1.7M | $-93.0K |
| Gross Margin | 35.5% | 79.0% |
| Operating Margin | -93.4% | -206.9% |
| Net Margin | -90.9% | -3.4% |
| Revenue YoY | 20.2% | -37.9% |
| Net Profit YoY | -145.6% | 98.3% |
| EPS (diluted) | — | — |
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.
| Q2 25 | $1.9M | $2.8M | ||
| Q2 24 | $1.6M | $4.4M | ||
| Q2 23 | — | $12.7M | ||
| Q2 22 | — | $13.3M |
| Q2 25 | $-1.7M | $-93.0K | ||
| Q2 24 | $-710.3K | $-5.6M | ||
| Q2 23 | — | $-4.2M | ||
| Q2 22 | — | $-8.4M |
| Q2 25 | 35.5% | 79.0% | ||
| Q2 24 | 42.4% | 69.2% | ||
| Q2 23 | — | 63.4% | ||
| Q2 22 | — | 81.0% |
| Q2 25 | -93.4% | -206.9% | ||
| Q2 24 | -50.7% | -146.9% | ||
| Q2 23 | — | -59.9% | ||
| Q2 22 | — | -49.6% |
| Q2 25 | -90.9% | -3.4% | ||
| Q2 24 | -44.5% | -125.9% | ||
| Q2 23 | — | -33.3% | ||
| Q2 22 | — | -62.9% |
| Q2 25 | — | — | ||
| Q2 24 | $-0.06 | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | $-0.03 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6M | $150.0K |
| Total DebtLower is stronger | $518.6K | $1.4M |
| Stockholders' EquityBook value | $2.8M | $4.6M |
| Total Assets | $5.6M | $28.4M |
| Debt / EquityLower = less leverage | 0.18× | 0.30× |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $1.6M | $150.0K | ||
| Q2 24 | $3.9M | $689.0K | ||
| Q2 23 | — | $3.0M | ||
| Q2 22 | — | $4.8M |
| Q2 25 | $518.6K | $1.4M | ||
| Q2 24 | $1.0M | $1.8M | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q2 25 | $2.8M | $4.6M | ||
| Q2 24 | $6.5M | $-787.0K | ||
| Q2 23 | — | $9.1M | ||
| Q2 22 | — | $21.4M |
| Q2 25 | $5.6M | $28.4M | ||
| Q2 24 | $9.3M | $12.5M | ||
| Q2 23 | — | $25.1M | ||
| Q2 22 | — | $40.6M |
| Q2 25 | 0.18× | 0.30× | ||
| Q2 24 | 0.16× | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-335.3K | $-23.7M |
| Free Cash FlowOCF − Capex | $-339.2K | — |
| FCF MarginFCF / Revenue | -17.7% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 25 | $-335.3K | $-23.7M | ||
| Q2 24 | $-2.3M | $-1.5M | ||
| Q2 23 | — | $-7.2M | ||
| Q2 22 | — | $-8.3M |
| Q2 25 | $-339.2K | — | ||
| Q2 24 | $-2.3M | $-1.5M | ||
| Q2 23 | — | — | ||
| Q2 22 | — | $-8.3M |
| Q2 25 | -17.7% | — | ||
| Q2 24 | -142.0% | -34.4% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | -62.2% |
| Q2 25 | 0.2% | — | ||
| Q2 24 | 0.1% | 0.0% | ||
| Q2 23 | — | — | ||
| Q2 22 | — | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
