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Side-by-side financial comparison of Maiden Holdings, Ltd. (MHLA) and PRO DEX INC (PDEX). Click either name above to swap in a different company.

PRO DEX INC is the larger business by last-quarter revenue ($18.7M vs $14.0M, roughly 1.3× Maiden Holdings, Ltd.). PRO DEX INC runs the higher net margin — 11.7% vs -61.5%, a 73.3% gap on every dollar of revenue. On growth, PRO DEX INC posted the faster year-over-year revenue change (11.1% vs -51.4%). Over the past eight quarters, PRO DEX INC's revenue compounded faster (14.3% 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.

Pro Dex Inc is a precision manufacturing enterprise that produces custom machined components, subassemblies and finished products primarily for medical device original equipment manufacturers, as well as clients in the aerospace and industrial sectors, with its core operating market covering North America.

MHLA vs PDEX — Head-to-Head

Bigger by revenue
PDEX
PDEX
1.3× larger
PDEX
$18.7M
$14.0M
MHLA
Growing faster (revenue YoY)
PDEX
PDEX
+62.5% gap
PDEX
11.1%
-51.4%
MHLA
Higher net margin
PDEX
PDEX
73.3% more per $
PDEX
11.7%
-61.5%
MHLA
Faster 2-yr revenue CAGR
PDEX
PDEX
Annualised
PDEX
14.3%
-21.5%
MHLA

Income Statement — Q1 FY2025 vs Q2 FY2026

Metric
MHLA
MHLA
PDEX
PDEX
Revenue
$14.0M
$18.7M
Net Profit
$-8.6M
$2.2M
Gross Margin
30.8%
Operating Margin
-42.1%
17.5%
Net Margin
-61.5%
11.7%
Revenue YoY
-51.4%
11.1%
Net Profit YoY
-692.5%
7.2%
EPS (diluted)
$-0.09
$0.66

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
PDEX
PDEX
Q4 25
$18.7M
Q3 25
$18.5M
Q2 25
$17.5M
Q1 25
$14.0M
$17.4M
Q4 24
$11.6M
$16.8M
Q3 24
$14.5M
$14.9M
Q2 24
$20.5M
$15.0M
Q1 24
$28.9M
$14.3M
Net Profit
MHLA
MHLA
PDEX
PDEX
Q4 25
$2.2M
Q3 25
$4.7M
Q2 25
$1.2M
Q1 25
$-8.6M
$3.3M
Q4 24
$-158.0M
$2.0M
Q3 24
$-34.5M
$2.5M
Q2 24
$-10.0M
$1.6M
Q1 24
$1.5M
$655.0K
Gross Margin
MHLA
MHLA
PDEX
PDEX
Q4 25
30.8%
Q3 25
29.0%
Q2 25
19.9%
Q1 25
33.3%
Q4 24
30.2%
Q3 24
34.6%
Q2 24
27.2%
Q1 24
28.0%
Operating Margin
MHLA
MHLA
PDEX
PDEX
Q4 25
17.5%
Q3 25
16.8%
Q2 25
7.7%
Q1 25
-42.1%
20.9%
Q4 24
2103.0%
16.0%
Q3 24
-243.1%
20.2%
Q2 24
-53.7%
15.6%
Q1 24
3.0%
15.5%
Net Margin
MHLA
MHLA
PDEX
PDEX
Q4 25
11.7%
Q3 25
25.3%
Q2 25
6.8%
Q1 25
-61.5%
18.8%
Q4 24
2125.8%
12.1%
Q3 24
-238.1%
16.6%
Q2 24
-48.7%
10.6%
Q1 24
5.0%
4.6%
EPS (diluted)
MHLA
MHLA
PDEX
PDEX
Q4 25
$0.66
Q3 25
$1.40
Q2 25
$0.33
Q1 25
$-0.09
$0.98
Q4 24
$-1.57
$0.61
Q3 24
$-0.35
$0.75
Q2 24
$-0.10
$0.44
Q1 24
$0.01
$0.19

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
PDEX
PDEX
Cash + ST InvestmentsLiquidity on hand
$28.7M
$6.1M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$37.6M
$41.6M
Total Assets
$1.2B
$62.3M
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
PDEX
PDEX
Q4 25
$6.1M
Q3 25
$10.1M
Q2 25
$6.8M
Q1 25
$28.7M
$5.5M
Q4 24
$25.7M
$4.7M
Q3 24
$110.0M
$7.8M
Q2 24
$24.8M
$6.8M
Q1 24
$20.7M
$7.8M
Total Debt
MHLA
MHLA
PDEX
PDEX
Q4 25
Q3 25
Q2 25
$15.4M
Q1 25
$254.8M
Q4 24
$254.8M
Q3 24
$254.7M
Q2 24
$254.7M
$12.0M
Q1 24
$254.6M
Stockholders' Equity
MHLA
MHLA
PDEX
PDEX
Q4 25
$41.6M
Q3 25
$41.5M
Q2 25
$36.6M
Q1 25
$37.6M
$35.3M
Q4 24
$45.2M
$31.8M
Q3 24
$208.2M
$30.9M
Q2 24
$238.0M
$30.9M
Q1 24
$249.4M
$30.9M
Total Assets
MHLA
MHLA
PDEX
PDEX
Q4 25
$62.3M
Q3 25
$64.3M
Q2 25
$61.2M
Q1 25
$1.2B
$64.3M
Q4 24
$1.3B
$60.4M
Q3 24
$1.4B
$54.3M
Q2 24
$1.4B
$52.5M
Q1 24
$1.5B
$50.5M
Debt / Equity
MHLA
MHLA
PDEX
PDEX
Q4 25
Q3 25
Q2 25
0.42×
Q1 25
6.78×
Q4 24
5.64×
Q3 24
1.22×
Q2 24
1.07×
0.39×
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
PDEX
PDEX
Operating Cash FlowLast quarter
$-21.1M
$3.6M
Free Cash FlowOCF − Capex
$3.5M
FCF MarginFCF / Revenue
18.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHLA
MHLA
PDEX
PDEX
Q4 25
$3.6M
Q3 25
$2.3M
Q2 25
$-173.0K
Q1 25
$-21.1M
$754.0K
Q4 24
$-67.4M
$-4.2M
Q3 24
$-3.8M
$1.9M
Q2 24
$-23.4M
$1.0M
Q1 24
$8.0M
$4.1M
Free Cash Flow
MHLA
MHLA
PDEX
PDEX
Q4 25
$3.5M
Q3 25
$2.2M
Q2 25
Q1 25
$574.0K
Q4 24
$-4.7M
Q3 24
$1.5M
Q2 24
Q1 24
$4.0M
FCF Margin
MHLA
MHLA
PDEX
PDEX
Q4 25
18.8%
Q3 25
11.9%
Q2 25
Q1 25
3.3%
Q4 24
-27.9%
Q3 24
9.8%
Q2 24
Q1 24
27.7%
Capex Intensity
MHLA
MHLA
PDEX
PDEX
Q4 25
0.4%
Q3 25
0.5%
Q2 25
Q1 25
1.0%
Q4 24
3.2%
Q3 24
2.9%
Q2 24
Q1 24
0.8%
Cash Conversion
MHLA
MHLA
PDEX
PDEX
Q4 25
1.63×
Q3 25
0.49×
Q2 25
-0.14×
Q1 25
0.23×
Q4 24
-2.03×
Q3 24
0.77×
Q2 24
0.66×
Q1 24
5.52×
6.22×

Financial Flow Comparison

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

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