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Side-by-side financial comparison of MEDALLION FINANCIAL CORP (MFIN) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $57.6M, roughly 1.2× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 25.4%).

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

MFIN vs PHAT — Head-to-Head

Bigger by revenue
MFIN
MFIN
1.2× larger
MFIN
$70.6M
$57.6M
PHAT
Growing faster (revenue YoY)
PHAT
PHAT
+68.7% gap
PHAT
94.1%
25.4%
MFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MFIN
MFIN
PHAT
PHAT
Revenue
$70.6M
$57.6M
Net Profit
$12.2M
Gross Margin
86.7%
Operating Margin
29.3%
Net Margin
17.3%
Revenue YoY
25.4%
94.1%
Net Profit YoY
20.3%
71.6%
EPS (diluted)
$0.50

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
MFIN
MFIN
PHAT
PHAT
Q4 25
$70.6M
$57.6M
Q3 25
$58.7M
$49.5M
Q2 25
$62.6M
$39.5M
Q1 25
$63.0M
$28.5M
Q4 24
$56.3M
$29.7M
Q3 24
$53.3M
$16.4M
Q2 24
$51.0M
$7.3M
Q1 24
$53.3M
Net Profit
MFIN
MFIN
PHAT
PHAT
Q4 25
$12.2M
Q3 25
$7.8M
$-30.0M
Q2 25
$11.1M
$-75.8M
Q1 25
$12.0M
$-94.3M
Q4 24
$10.1M
Q3 24
$8.6M
$-85.6M
Q2 24
$7.1M
$-91.4M
Q1 24
$10.0M
Gross Margin
MFIN
MFIN
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Q1 24
Operating Margin
MFIN
MFIN
PHAT
PHAT
Q4 25
29.3%
Q3 25
33.2%
-30.8%
Q2 25
31.1%
-151.7%
Q1 25
32.1%
-276.5%
Q4 24
32.8%
Q3 24
26.6%
-433.0%
Q2 24
24.3%
-1055.4%
Q1 24
33.6%
Net Margin
MFIN
MFIN
PHAT
PHAT
Q4 25
17.3%
Q3 25
13.2%
-60.5%
Q2 25
17.7%
-191.9%
Q1 25
19.1%
-330.7%
Q4 24
18.0%
Q3 24
16.1%
-523.3%
Q2 24
13.9%
-1248.6%
Q1 24
18.8%
EPS (diluted)
MFIN
MFIN
PHAT
PHAT
Q4 25
$0.50
Q3 25
$0.32
$-0.41
Q2 25
$0.46
$-1.05
Q1 25
$0.50
$-1.31
Q4 24
$0.43
Q3 24
$0.37
$-1.32
Q2 24
$0.30
$-1.56
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
MFIN
MFIN
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$136.3M
$130.0M
Total DebtLower is stronger
$216.0M
$209.1M
Stockholders' EquityBook value
$408.6M
$-438.2M
Total Assets
$3.0B
$259.1M
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFIN
MFIN
PHAT
PHAT
Q4 25
$136.3M
$130.0M
Q3 25
$72.5M
$135.2M
Q2 25
$110.4M
$149.6M
Q1 25
$131.5M
$212.3M
Q4 24
$98.2M
$297.3M
Q3 24
$120.6M
$334.7M
Q2 24
$87.7M
$276.2M
Q1 24
$54.8M
Total Debt
MFIN
MFIN
PHAT
PHAT
Q4 25
$216.0M
$209.1M
Q3 25
$215.7M
$207.1M
Q2 25
$199.9M
$205.1M
Q1 25
$199.7M
$203.2M
Q4 24
$232.2M
$201.4M
Q3 24
$232.0M
$175.7M
Q2 24
$230.8M
$174.4M
Q1 24
$225.6M
Stockholders' Equity
MFIN
MFIN
PHAT
PHAT
Q4 25
$408.6M
$-438.2M
Q3 25
$397.4M
$-422.5M
Q2 25
$389.9M
$-405.8M
Q1 25
$380.2M
$-338.4M
Q4 24
$370.2M
$-253.6M
Q3 24
$362.4M
$-187.1M
Q2 24
$354.0M
$-233.8M
Q1 24
$349.0M
Total Assets
MFIN
MFIN
PHAT
PHAT
Q4 25
$3.0B
$259.1M
Q3 25
$2.9B
$240.3M
Q2 25
$2.9B
$250.2M
Q1 25
$2.8B
$294.2M
Q4 24
$2.9B
$378.3M
Q3 24
$2.9B
$387.0M
Q2 24
$2.8B
$319.4M
Q1 24
$2.6B
Debt / Equity
MFIN
MFIN
PHAT
PHAT
Q4 25
0.53×
Q3 25
0.54×
Q2 25
0.51×
Q1 25
0.53×
Q4 24
0.63×
Q3 24
0.64×
Q2 24
0.65×
Q1 24
0.65×

Cash Flow & Capital Efficiency

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

Metric
MFIN
MFIN
PHAT
PHAT
Operating Cash FlowLast quarter
$126.3M
$-166.8M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
10.35×
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFIN
MFIN
PHAT
PHAT
Q4 25
$126.3M
$-166.8M
Q3 25
$67.0M
$-14.1M
Q2 25
$-10.7M
$-62.7M
Q1 25
$36.3M
$-84.9M
Q4 24
$108.7M
$-266.8M
Q3 24
$24.6M
$-63.6M
Q2 24
$27.6M
$-70.7M
Q1 24
$32.3M
Free Cash Flow
MFIN
MFIN
PHAT
PHAT
Q4 25
$-167.0M
Q3 25
$-14.1M
Q2 25
$-62.8M
Q1 25
$-84.9M
Q4 24
$-266.9M
Q3 24
$-63.6M
Q2 24
$-70.8M
Q1 24
FCF Margin
MFIN
MFIN
PHAT
PHAT
Q4 25
-290.0%
Q3 25
-28.6%
Q2 25
-159.0%
Q1 25
-297.9%
Q4 24
-899.8%
Q3 24
-389.0%
Q2 24
-966.2%
Q1 24
Capex Intensity
MFIN
MFIN
PHAT
PHAT
Q4 25
0.4%
Q3 25
0.1%
Q2 25
0.2%
Q1 25
0.1%
Q4 24
0.5%
Q3 24
0.3%
Q2 24
0.6%
Q1 24
Cash Conversion
MFIN
MFIN
PHAT
PHAT
Q4 25
10.35×
Q3 25
8.63×
Q2 25
-0.97×
Q1 25
3.02×
Q4 24
10.72×
Q3 24
2.86×
Q2 24
3.89×
Q1 24
3.22×

Financial Flow Comparison

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

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