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Side-by-side financial comparison of MEDALLION FINANCIAL CORP (MFIN) and System1, Inc. (SST). Click either name above to swap in a different company.
MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $51.9M, roughly 1.4× System1, Inc.). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -26.0%, a 43.2% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs -31.3%). Over the past eight quarters, MEDALLION FINANCIAL CORP's revenue compounded faster (15.0% CAGR vs -21.8%).
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.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
MFIN vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $70.6M | $51.9M |
| Net Profit | $12.2M | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | 29.3% | -33.6% |
| Net Margin | 17.3% | -26.0% |
| Revenue YoY | 25.4% | -31.3% |
| Net Profit YoY | 20.3% | 4.8% |
| EPS (diluted) | $0.50 | $-3.58 |
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.
| Q4 25 | $70.6M | $51.9M | ||
| Q3 25 | $58.7M | $61.6M | ||
| Q2 25 | $62.6M | $78.1M | ||
| Q1 25 | $63.0M | $74.5M | ||
| Q4 24 | $56.3M | $75.6M | ||
| Q3 24 | $53.3M | $88.8M | ||
| Q2 24 | $51.0M | $94.6M | ||
| Q1 24 | $53.3M | $84.9M |
| Q4 25 | $12.2M | $-13.5M | ||
| Q3 25 | $7.8M | $-18.5M | ||
| Q2 25 | $11.1M | $-17.5M | ||
| Q1 25 | $12.0M | $-15.9M | ||
| Q4 24 | $10.1M | $-14.2M | ||
| Q3 24 | $8.6M | $-23.6M | ||
| Q2 24 | $7.1M | $-26.4M | ||
| Q1 24 | $10.0M | $-10.5M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 29.3% | -33.6% | ||
| Q3 25 | 33.2% | -25.3% | ||
| Q2 25 | 31.1% | -20.4% | ||
| Q1 25 | 32.1% | -17.6% | ||
| Q4 24 | 32.8% | -15.7% | ||
| Q3 24 | 26.6% | -24.6% | ||
| Q2 24 | 24.3% | -30.8% | ||
| Q1 24 | 33.6% | -30.4% |
| Q4 25 | 17.3% | -26.0% | ||
| Q3 25 | 13.2% | -30.1% | ||
| Q2 25 | 17.7% | -22.4% | ||
| Q1 25 | 19.1% | -21.3% | ||
| Q4 24 | 18.0% | -18.7% | ||
| Q3 24 | 16.1% | -26.6% | ||
| Q2 24 | 13.9% | -27.9% | ||
| Q1 24 | 18.8% | -12.4% |
| Q4 25 | $0.50 | $-3.58 | ||
| Q3 25 | $0.32 | $-2.30 | ||
| Q2 25 | $0.46 | $-2.23 | ||
| Q1 25 | $0.50 | $-0.21 | ||
| Q4 24 | $0.43 | $-3.41 | ||
| Q3 24 | $0.37 | $-3.37 | ||
| Q2 24 | $0.30 | $-3.80 | ||
| Q1 24 | $0.42 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $136.3M | $86.9M |
| Total DebtLower is stronger | $216.0M | $305.1M |
| Stockholders' EquityBook value | $408.6M | $30.5M |
| Total Assets | $3.0B | $405.0M |
| Debt / EquityLower = less leverage | 0.53× | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $136.3M | $86.9M | ||
| Q3 25 | $72.5M | $54.6M | ||
| Q2 25 | $110.4M | $63.6M | ||
| Q1 25 | $131.5M | $43.9M | ||
| Q4 24 | $98.2M | $63.6M | ||
| Q3 24 | $120.6M | $69.1M | ||
| Q2 24 | $87.7M | $75.7M | ||
| Q1 24 | $54.8M | $69.9M |
| Q4 25 | $216.0M | $305.1M | ||
| Q3 25 | $215.7M | $259.2M | ||
| Q2 25 | $199.9M | $263.3M | ||
| Q1 25 | $199.7M | $267.4M | ||
| Q4 24 | $232.2M | $255.1M | ||
| Q3 24 | $232.0M | $259.2M | ||
| Q2 24 | $230.8M | $263.3M | ||
| Q1 24 | $225.6M | $268.6M |
| Q4 25 | $408.6M | $30.5M | ||
| Q3 25 | $397.4M | $42.7M | ||
| Q2 25 | $389.9M | $58.2M | ||
| Q1 25 | $380.2M | $67.2M | ||
| Q4 24 | $370.2M | $80.3M | ||
| Q3 24 | $362.4M | $90.3M | ||
| Q2 24 | $354.0M | $109.4M | ||
| Q1 24 | $349.0M | $131.7M |
| Q4 25 | $3.0B | $405.0M | ||
| Q3 25 | $2.9B | $385.2M | ||
| Q2 25 | $2.9B | $429.2M | ||
| Q1 25 | $2.8B | $419.2M | ||
| Q4 24 | $2.9B | $459.1M | ||
| Q3 24 | $2.9B | $479.3M | ||
| Q2 24 | $2.8B | $511.3M | ||
| Q1 24 | $2.6B | $521.1M |
| Q4 25 | 0.53× | 10.01× | ||
| Q3 25 | 0.54× | 6.07× | ||
| Q2 25 | 0.51× | 4.53× | ||
| Q1 25 | 0.53× | 3.98× | ||
| Q4 24 | 0.63× | 3.18× | ||
| Q3 24 | 0.64× | 2.87× | ||
| Q2 24 | 0.65× | 2.41× | ||
| Q1 24 | 0.65× | 2.04× |
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 | $126.3M | $-10.6M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | 10.35× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $-10.6M | ||
| Q3 25 | $67.0M | $-2.1M | ||
| Q2 25 | $-10.7M | $24.5M | ||
| Q1 25 | $36.3M | $-15.9M | ||
| Q4 24 | $108.7M | $772.0K | ||
| Q3 24 | $24.6M | $-5.0K | ||
| Q2 24 | $27.6M | $10.0M | ||
| Q1 24 | $32.3M | $-16.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $-16.0M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $-36.0K | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -21.5% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -0.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.0% | ||
| Q1 24 | — | 0.0% |
| 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.
