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Side-by-side financial comparison of Maiden Holdings, Ltd. (MHLA) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

Maiden Holdings, Ltd. is the larger business by last-quarter revenue ($14.0M vs $13.4M, roughly 1.0× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs -61.5%, a 78.2% gap on every dollar of revenue. On growth, Maiden Holdings, Ltd. posted the faster year-over-year revenue change (-51.4% vs -54.1%).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

MHLA vs POWW — Head-to-Head

Bigger by revenue
MHLA
MHLA
1.0× larger
MHLA
$14.0M
$13.4M
POWW
Growing faster (revenue YoY)
MHLA
MHLA
+2.7% gap
MHLA
-51.4%
-54.1%
POWW
Higher net margin
POWW
POWW
78.2% more per $
POWW
16.7%
-61.5%
MHLA

Income Statement — Q1 FY2025 vs Q3 FY2026

Metric
MHLA
MHLA
POWW
POWW
Revenue
$14.0M
$13.4M
Net Profit
$-8.6M
$2.2M
Gross Margin
87.1%
Operating Margin
-42.1%
14.7%
Net Margin
-61.5%
16.7%
Revenue YoY
-51.4%
-54.1%
Net Profit YoY
-692.5%
108.5%
EPS (diluted)
$-0.09
$0.01

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
POWW
POWW
Q4 25
$13.4M
Q3 25
$12.0M
Q2 25
$11.9M
Q1 25
$14.0M
$12.6M
Q4 24
$11.6M
$12.5M
Q3 24
$14.5M
$12.0M
Q2 24
$20.5M
$12.3M
Q1 24
$28.9M
$-50.7M
Net Profit
MHLA
MHLA
POWW
POWW
Q4 25
$2.2M
Q3 25
$1.4M
Q2 25
$-6.5M
Q1 25
$-8.6M
$-77.5M
Q4 24
$-158.0M
$-26.1M
Q3 24
$-34.5M
$-12.4M
Q2 24
$-10.0M
$-14.8M
Q1 24
$1.5M
$-5.2M
Gross Margin
MHLA
MHLA
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
MHLA
MHLA
POWW
POWW
Q4 25
14.7%
Q3 25
5.9%
Q2 25
-50.7%
Q1 25
-42.1%
-213.6%
Q4 24
2103.0%
-163.8%
Q3 24
-243.1%
-50.3%
Q2 24
-53.7%
-50.8%
Q1 24
3.0%
Net Margin
MHLA
MHLA
POWW
POWW
Q4 25
16.7%
Q3 25
11.7%
Q2 25
-54.5%
Q1 25
-61.5%
-614.5%
Q4 24
2125.8%
-208.7%
Q3 24
-238.1%
-103.7%
Q2 24
-48.7%
-120.2%
Q1 24
5.0%
10.3%
EPS (diluted)
MHLA
MHLA
POWW
POWW
Q4 25
$0.01
Q3 25
$0.01
Q2 25
$-0.06
Q1 25
$-0.09
$-0.67
Q4 24
$-1.57
$-0.23
Q3 24
$-0.35
$-0.11
Q2 24
$-0.10
$-0.13
Q1 24
$0.01
$-0.05

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$28.7M
$69.9M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$37.6M
$237.3M
Total Assets
$1.2B
$271.7M
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
POWW
POWW
Q4 25
$69.9M
Q3 25
$65.7M
Q2 25
$63.4M
Q1 25
$28.7M
$30.2M
Q4 24
$25.7M
$31.9M
Q3 24
$110.0M
$33.5M
Q2 24
$24.8M
$50.8M
Q1 24
$20.7M
$55.6M
Total Debt
MHLA
MHLA
POWW
POWW
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
POWW
POWW
Q4 25
$237.3M
Q3 25
$235.4M
Q2 25
$222.5M
Q1 25
$37.6M
$222.0M
Q4 24
$45.2M
$299.6M
Q3 24
$208.2M
$325.6M
Q2 24
$238.0M
$342.5M
Q1 24
$249.4M
$358.0M
Total Assets
MHLA
MHLA
POWW
POWW
Q4 25
$271.7M
Q3 25
$270.3M
Q2 25
$269.5M
Q1 25
$1.2B
$297.3M
Q4 24
$1.3B
$355.4M
Q3 24
$1.4B
$368.9M
Q2 24
$1.4B
$398.6M
Q1 24
$1.5B
$403.0M
Debt / Equity
MHLA
MHLA
POWW
POWW
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
POWW
POWW
Operating Cash FlowLast quarter
$-21.1M
$5.7M
Free Cash FlowOCF − Capex
$5.0M
FCF MarginFCF / Revenue
37.6%
Capex IntensityCapex / Revenue
4.8%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHLA
MHLA
POWW
POWW
Q4 25
$5.7M
Q3 25
$3.2M
Q2 25
$-6.7M
Q1 25
$-21.1M
$-1.5M
Q4 24
$-67.4M
$1.3M
Q3 24
$-3.8M
$-9.3M
Q2 24
$-23.4M
$-547.5K
Q1 24
$8.0M
$4.3M
Free Cash Flow
MHLA
MHLA
POWW
POWW
Q4 25
$5.0M
Q3 25
$2.5M
Q2 25
$-7.6M
Q1 25
$-2.3M
Q4 24
$720.3K
Q3 24
$-10.6M
Q2 24
$-1.3M
Q1 24
$1.4M
FCF Margin
MHLA
MHLA
POWW
POWW
Q4 25
37.6%
Q3 25
21.0%
Q2 25
-63.8%
Q1 25
-18.6%
Q4 24
5.8%
Q3 24
-88.3%
Q2 24
-11.0%
Q1 24
-2.8%
Capex Intensity
MHLA
MHLA
POWW
POWW
Q4 25
4.8%
Q3 25
5.8%
Q2 25
7.5%
Q1 25
6.5%
Q4 24
4.4%
Q3 24
10.4%
Q2 24
6.5%
Q1 24
-5.7%
Cash Conversion
MHLA
MHLA
POWW
POWW
Q4 25
2.55×
Q3 25
2.29×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
5.52×

Financial Flow Comparison

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

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