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Side-by-side financial comparison of Maiden Holdings, Ltd. (MHLA) and M-tron Industries, Inc. (MPTI). Click either name above to swap in a different company.

M-tron Industries, Inc. is the larger business by last-quarter revenue ($14.2M vs $14.0M, roughly 1.0× Maiden Holdings, Ltd.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs -61.5%, a 85.6% gap on every dollar of revenue. On growth, M-tron Industries, Inc. posted the faster year-over-year revenue change (11.2% vs -51.4%). Over the past eight quarters, M-tron Industries, Inc.'s revenue compounded faster (12.8% CAGR vs -21.5%).

Maiden Holdings Ltd. is a Bermuda based holding company with insurance subsidiaries that provides specialty reinsurance products for the global property and casualty market. The company has operating subsidiaries in the United States, Europe, and Bermuda.

M-tron Industries, Inc. designs, manufactures and markets high-performance frequency control and timing solutions including crystal oscillators, filters and integrated timing assemblies. Its products serve aerospace, defense, telecom, industrial automation and medical device segments, catering mainly to North American, European and Asian commercial and government clients.

MHLA vs MPTI — Head-to-Head

Bigger by revenue
MPTI
MPTI
1.0× larger
MPTI
$14.2M
$14.0M
MHLA
Growing faster (revenue YoY)
MPTI
MPTI
+62.5% gap
MPTI
11.2%
-51.4%
MHLA
Higher net margin
MPTI
MPTI
85.6% more per $
MPTI
24.1%
-61.5%
MHLA
Faster 2-yr revenue CAGR
MPTI
MPTI
Annualised
MPTI
12.8%
-21.5%
MHLA

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
MHLA
MHLA
MPTI
MPTI
Revenue
$14.0M
$14.2M
Net Profit
$-8.6M
$3.4M
Gross Margin
Operating Margin
-42.1%
27.3%
Net Margin
-61.5%
24.1%
Revenue YoY
-51.4%
11.2%
Net Profit YoY
-692.5%
60.1%
EPS (diluted)
$-0.09
$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.

Revenue
MHLA
MHLA
MPTI
MPTI
Q4 25
$14.2M
Q3 25
$14.2M
Q2 25
$13.3M
Q1 25
$14.0M
$12.7M
Q4 24
$11.6M
$12.8M
Q3 24
$14.5M
$13.2M
Q2 24
$20.5M
$11.8M
Q1 24
$28.9M
$11.2M
Net Profit
MHLA
MHLA
MPTI
MPTI
Q4 25
$3.4M
Q3 25
$1.8M
Q2 25
$1.6M
Q1 25
$-8.6M
$1.6M
Q4 24
$-158.0M
$2.1M
Q3 24
$-34.5M
$2.3M
Q2 24
$-10.0M
$1.7M
Q1 24
$1.5M
$1.5M
Operating Margin
MHLA
MHLA
MPTI
MPTI
Q4 25
27.3%
Q3 25
18.0%
Q2 25
13.9%
Q1 25
-42.1%
15.8%
Q4 24
2103.0%
20.1%
Q3 24
-243.1%
22.1%
Q2 24
-53.7%
17.8%
Q1 24
3.0%
16.0%
Net Margin
MHLA
MHLA
MPTI
MPTI
Q4 25
24.1%
Q3 25
12.9%
Q2 25
11.7%
Q1 25
-61.5%
12.8%
Q4 24
2125.8%
16.7%
Q3 24
-238.1%
17.2%
Q2 24
-48.7%
14.8%
Q1 24
5.0%
13.3%
EPS (diluted)
MHLA
MHLA
MPTI
MPTI
Q4 25
$0.90
Q3 25
$0.63
Q2 25
$0.53
Q1 25
$-0.09
$0.56
Q4 24
$-1.57
$0.68
Q3 24
$-0.35
$0.81
Q2 24
$-0.10
$0.63
Q1 24
$0.01
$0.53

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
MPTI
MPTI
Cash + ST InvestmentsLiquidity on hand
$28.7M
$20.9M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$37.6M
$63.2M
Total Assets
$1.2B
$68.4M
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
MPTI
MPTI
Q4 25
$20.9M
Q3 25
$18.3M
Q2 25
$15.5M
Q1 25
$28.7M
$13.7M
Q4 24
$25.7M
$12.6M
Q3 24
$110.0M
$8.5M
Q2 24
$24.8M
$6.5M
Q1 24
$20.7M
$5.4M
Total Debt
MHLA
MHLA
MPTI
MPTI
Q4 25
Q3 25
Q2 25
Q1 25
$254.8M
Q4 24
$254.8M
Q3 24
$254.7M
Q2 24
$254.7M
Q1 24
$254.6M
Stockholders' Equity
MHLA
MHLA
MPTI
MPTI
Q4 25
$63.2M
Q3 25
$37.0M
Q2 25
$34.8M
Q1 25
$37.6M
$33.2M
Q4 24
$45.2M
$31.3M
Q3 24
$208.2M
$26.2M
Q2 24
$238.0M
$23.7M
Q1 24
$249.4M
$21.7M
Total Assets
MHLA
MHLA
MPTI
MPTI
Q4 25
$68.4M
Q3 25
$42.2M
Q2 25
$39.7M
Q1 25
$1.2B
$37.8M
Q4 24
$1.3B
$36.6M
Q3 24
$1.4B
$31.5M
Q2 24
$1.4B
$28.4M
Q1 24
$1.5B
$26.8M
Debt / Equity
MHLA
MHLA
MPTI
MPTI
Q4 25
Q3 25
Q2 25
Q1 25
6.78×
Q4 24
5.64×
Q3 24
1.22×
Q2 24
1.07×
Q1 24
1.02×

Cash Flow & Capital Efficiency

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

Metric
MHLA
MHLA
MPTI
MPTI
Operating Cash FlowLast quarter
$-21.1M
$2.7M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
16.4%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHLA
MHLA
MPTI
MPTI
Q4 25
$2.7M
Q3 25
$3.5M
Q2 25
$2.9M
Q1 25
$-21.1M
$1.6M
Q4 24
$-67.4M
$1.8M
Q3 24
$-3.8M
$2.3M
Q2 24
$-23.4M
$2.0M
Q1 24
$8.0M
$1.5M
Free Cash Flow
MHLA
MHLA
MPTI
MPTI
Q4 25
$2.3M
Q3 25
$2.7M
Q2 25
$2.0M
Q1 25
$1.0M
Q4 24
$1.4M
Q3 24
$1.8M
Q2 24
$1.1M
Q1 24
$1.4M
FCF Margin
MHLA
MHLA
MPTI
MPTI
Q4 25
16.4%
Q3 25
19.1%
Q2 25
15.4%
Q1 25
8.0%
Q4 24
10.8%
Q3 24
13.4%
Q2 24
9.2%
Q1 24
12.3%
Capex Intensity
MHLA
MHLA
MPTI
MPTI
Q4 25
2.4%
Q3 25
5.7%
Q2 25
6.1%
Q1 25
4.6%
Q4 24
3.3%
Q3 24
3.6%
Q2 24
7.4%
Q1 24
1.1%
Cash Conversion
MHLA
MHLA
MPTI
MPTI
Q4 25
0.78×
Q3 25
1.92×
Q2 25
1.83×
Q1 25
0.99×
Q4 24
0.85×
Q3 24
0.99×
Q2 24
1.12×
Q1 24
5.52×
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MHLA
MHLA

Segment breakdown not available.

MPTI
MPTI

US$11.3M79%
Non Us$2.9M21%

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