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Side-by-side financial comparison of MEDALLION FINANCIAL CORP (MFIN) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $51.6M, roughly 1.4× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 17.3%, a 50.1% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 25.4%). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs 15.0%).
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.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
MFIN vs VEL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $70.6M | $51.6M |
| Net Profit | $12.2M | $34.8M |
| Gross Margin | — | — |
| Operating Margin | 29.3% | 97.0% |
| Net Margin | 17.3% | 67.3% |
| Revenue YoY | 25.4% | 32.8% |
| Net Profit YoY | 20.3% | 67.0% |
| EPS (diluted) | $0.50 | $0.90 |
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 | $51.6M | ||
| Q3 25 | $58.7M | $49.1M | ||
| Q2 25 | $62.6M | $47.6M | ||
| Q1 25 | $63.0M | $37.5M | ||
| Q4 24 | $56.3M | $38.9M | ||
| Q3 24 | $53.3M | $35.1M | ||
| Q2 24 | $51.0M | $32.4M | ||
| Q1 24 | $53.3M | $29.5M |
| Q4 25 | $12.2M | $34.8M | ||
| Q3 25 | $7.8M | $25.4M | ||
| Q2 25 | $11.1M | $26.0M | ||
| Q1 25 | $12.0M | $18.9M | ||
| Q4 24 | $10.1M | $20.8M | ||
| Q3 24 | $8.6M | $15.8M | ||
| Q2 24 | $7.1M | $14.8M | ||
| Q1 24 | $10.0M | $17.3M |
| Q4 25 | 29.3% | 97.0% | ||
| Q3 25 | 33.2% | 72.1% | ||
| Q2 25 | 31.1% | 71.3% | ||
| Q1 25 | 32.1% | 71.7% | ||
| Q4 24 | 32.8% | 82.5% | ||
| Q3 24 | 26.6% | 60.6% | ||
| Q2 24 | 24.3% | 61.3% | ||
| Q1 24 | 33.6% | 78.8% |
| Q4 25 | 17.3% | 67.3% | ||
| Q3 25 | 13.2% | 51.7% | ||
| Q2 25 | 17.7% | 54.6% | ||
| Q1 25 | 19.1% | 50.4% | ||
| Q4 24 | 18.0% | 53.5% | ||
| Q3 24 | 16.1% | 45.1% | ||
| Q2 24 | 13.9% | 45.6% | ||
| Q1 24 | 18.8% | 58.5% |
| Q4 25 | $0.50 | $0.90 | ||
| Q3 25 | $0.32 | $0.65 | ||
| Q2 25 | $0.46 | $0.69 | ||
| Q1 25 | $0.50 | $0.51 | ||
| Q4 24 | $0.43 | $0.56 | ||
| Q3 24 | $0.37 | $0.44 | ||
| Q2 24 | $0.30 | $0.42 | ||
| Q1 24 | $0.42 | $0.49 |
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 | $92.1M |
| Total DebtLower is stronger | $216.0M | — |
| Stockholders' EquityBook value | $408.6M | $672.5M |
| Total Assets | $3.0B | $7.4B |
| Debt / EquityLower = less leverage | 0.53× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $136.3M | $92.1M | ||
| Q3 25 | $72.5M | $99.0M | ||
| Q2 25 | $110.4M | $79.6M | ||
| Q1 25 | $131.5M | $51.7M | ||
| Q4 24 | $98.2M | $49.9M | ||
| Q3 24 | $120.6M | $44.1M | ||
| Q2 24 | $87.7M | $47.4M | ||
| Q1 24 | $54.8M | $34.8M |
| Q4 25 | $216.0M | — | ||
| Q3 25 | $215.7M | — | ||
| Q2 25 | $199.9M | — | ||
| Q1 25 | $199.7M | — | ||
| Q4 24 | $232.2M | — | ||
| Q3 24 | $232.0M | — | ||
| Q2 24 | $230.8M | — | ||
| Q1 24 | $225.6M | — |
| Q4 25 | $408.6M | $672.5M | ||
| Q3 25 | $397.4M | $634.3M | ||
| Q2 25 | $389.9M | $597.9M | ||
| Q1 25 | $380.2M | $563.2M | ||
| Q4 24 | $370.2M | $516.9M | ||
| Q3 24 | $362.4M | $484.6M | ||
| Q2 24 | $354.0M | $471.3M | ||
| Q1 24 | $349.0M | $452.9M |
| Q4 25 | $3.0B | $7.4B | ||
| Q3 25 | $2.9B | $7.0B | ||
| Q2 25 | $2.9B | $6.5B | ||
| Q1 25 | $2.8B | $6.0B | ||
| Q4 24 | $2.9B | $5.5B | ||
| Q3 24 | $2.9B | $5.2B | ||
| Q2 24 | $2.8B | $4.9B | ||
| Q1 24 | $2.6B | $4.6B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $126.3M | $18.2M |
| Free Cash FlowOCF − Capex | — | $17.9M |
| FCF MarginFCF / Revenue | — | 34.6% |
| Capex IntensityCapex / Revenue | — | 0.5% |
| Cash ConversionOCF / Net Profit | 10.35× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.3M | $18.2M | ||
| Q3 25 | $67.0M | $11.5M | ||
| Q2 25 | $-10.7M | $7.7M | ||
| Q1 25 | $36.3M | $3.5M | ||
| Q4 24 | $108.7M | $37.8M | ||
| Q3 24 | $24.6M | $-17.6M | ||
| Q2 24 | $27.6M | $11.5M | ||
| Q1 24 | $32.3M | $10.6M |
| Q4 25 | — | $17.9M | ||
| Q3 25 | — | $11.4M | ||
| Q2 25 | — | $7.6M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $37.5M | ||
| Q3 24 | — | $-17.6M | ||
| Q2 24 | — | $11.4M | ||
| Q1 24 | — | $10.5M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | — | 23.2% | ||
| Q2 25 | — | 15.9% | ||
| Q1 25 | — | 9.2% | ||
| Q4 24 | — | 96.4% | ||
| Q3 24 | — | -50.3% | ||
| Q2 24 | — | 35.1% | ||
| Q1 24 | — | 35.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.2% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.7% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 10.35× | 0.52× | ||
| Q3 25 | 8.63× | 0.45× | ||
| Q2 25 | -0.97× | 0.29× | ||
| Q1 25 | 3.02× | 0.19× | ||
| Q4 24 | 10.72× | 1.81× | ||
| Q3 24 | 2.86× | -1.11× | ||
| Q2 24 | 3.89× | 0.78× | ||
| Q1 24 | 3.22× | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MFIN
Segment breakdown not available.
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
