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

MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $35.2M, roughly 2.0× Voyager Technologies, Inc.). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -130.4%, a 147.6% gap on every dollar of revenue. On growth, MEDALLION FINANCIAL CORP posted the faster year-over-year revenue change (25.4% vs 2.1%).

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.

MFIN vs VOYG — Head-to-Head

Bigger by revenue
MFIN
MFIN
2.0× larger
MFIN
$70.6M
$35.2M
VOYG
Growing faster (revenue YoY)
MFIN
MFIN
+23.3% gap
MFIN
25.4%
2.1%
VOYG
Higher net margin
MFIN
MFIN
147.6% more per $
MFIN
17.3%
-130.4%
VOYG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MFIN
MFIN
VOYG
VOYG
Revenue
$70.6M
$35.2M
Net Profit
$12.2M
$-45.9M
Gross Margin
-4.4%
Operating Margin
29.3%
Net Margin
17.3%
-130.4%
Revenue YoY
25.4%
2.1%
Net Profit YoY
20.3%
-64.5%
EPS (diluted)
$0.50
$-0.75

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
VOYG
VOYG
Q1 26
$35.2M
Q4 25
$70.6M
$46.7M
Q3 25
$58.7M
$39.6M
Q2 25
$62.6M
$45.7M
Q1 25
$63.0M
Q4 24
$56.3M
Q3 24
$53.3M
Q2 24
$51.0M
Net Profit
MFIN
MFIN
VOYG
VOYG
Q1 26
$-45.9M
Q4 25
$12.2M
$-33.0M
Q3 25
$7.8M
$-16.3M
Q2 25
$11.1M
$-31.4M
Q1 25
$12.0M
Q4 24
$10.1M
Q3 24
$8.6M
Q2 24
$7.1M
Gross Margin
MFIN
MFIN
VOYG
VOYG
Q1 26
-4.4%
Q4 25
21.4%
Q3 25
15.4%
Q2 25
18.0%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
MFIN
MFIN
VOYG
VOYG
Q1 26
Q4 25
29.3%
Q3 25
33.2%
-60.7%
Q2 25
31.1%
-52.8%
Q1 25
32.1%
Q4 24
32.8%
Q3 24
26.6%
Q2 24
24.3%
Net Margin
MFIN
MFIN
VOYG
VOYG
Q1 26
-130.4%
Q4 25
17.3%
-70.7%
Q3 25
13.2%
-41.1%
Q2 25
17.7%
-68.7%
Q1 25
19.1%
Q4 24
18.0%
Q3 24
16.1%
Q2 24
13.9%
EPS (diluted)
MFIN
MFIN
VOYG
VOYG
Q1 26
$-0.75
Q4 25
$0.50
$-0.52
Q3 25
$0.32
$-0.28
Q2 25
$0.46
$-1.23
Q1 25
$0.50
Q4 24
$0.43
Q3 24
$0.37
Q2 24
$0.30

Balance Sheet & Financial Strength

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

Metric
MFIN
MFIN
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$136.3M
$429.4M
Total DebtLower is stronger
$216.0M
Stockholders' EquityBook value
$408.6M
$404.5M
Total Assets
$3.0B
$1.0B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFIN
MFIN
VOYG
VOYG
Q1 26
$429.4M
Q4 25
$136.3M
$491.3M
Q3 25
$72.5M
$413.3M
Q2 25
$110.4M
$468.9M
Q1 25
$131.5M
Q4 24
$98.2M
Q3 24
$120.6M
Q2 24
$87.7M
Total Debt
MFIN
MFIN
VOYG
VOYG
Q1 26
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
Stockholders' Equity
MFIN
MFIN
VOYG
VOYG
Q1 26
$404.5M
Q4 25
$408.6M
Q3 25
$397.4M
$590.9M
Q2 25
$389.9M
$554.7M
Q1 25
$380.2M
Q4 24
$370.2M
Q3 24
$362.4M
Q2 24
$354.0M
Total Assets
MFIN
MFIN
VOYG
VOYG
Q1 26
$1.0B
Q4 25
$3.0B
Q3 25
$2.9B
$727.8M
Q2 25
$2.9B
$685.3M
Q1 25
$2.8B
Q4 24
$2.9B
Q3 24
$2.9B
Q2 24
$2.8B
Debt / Equity
MFIN
MFIN
VOYG
VOYG
Q1 26
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×

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
VOYG
VOYG
Operating Cash FlowLast quarter
$126.3M
$-39.7M
Free Cash FlowOCF − Capex
$-66.8M
FCF MarginFCF / Revenue
-189.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
10.35×
TTM Free Cash FlowTrailing 4 quarters
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFIN
MFIN
VOYG
VOYG
Q1 26
$-39.7M
Q4 25
$126.3M
$-60.9M
Q3 25
$67.0M
$-15.1M
Q2 25
$-10.7M
$-30.9M
Q1 25
$36.3M
Q4 24
$108.7M
Q3 24
$24.6M
Q2 24
$27.6M
Free Cash Flow
MFIN
MFIN
VOYG
VOYG
Q1 26
$-66.8M
Q4 25
$-54.5M
Q3 25
$-53.8M
Q2 25
$-88.8M
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
MFIN
MFIN
VOYG
VOYG
Q1 26
-189.5%
Q4 25
-116.9%
Q3 25
-135.8%
Q2 25
-194.4%
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
MFIN
MFIN
VOYG
VOYG
Q1 26
Q4 25
Q3 25
97.8%
Q2 25
126.7%
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
MFIN
MFIN
VOYG
VOYG
Q1 26
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×

Financial Flow Comparison

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

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