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

ROCKWELL MEDICAL, INC. is the larger business by last-quarter revenue ($18.3M vs $14.0M, roughly 1.3× Maiden Holdings, Ltd.). ROCKWELL MEDICAL, INC. runs the higher net margin — -3.0% vs -61.5%, a 58.5% gap on every dollar of revenue. On growth, ROCKWELL MEDICAL, INC. posted the faster year-over-year revenue change (-25.6% vs -51.4%). Over the past eight quarters, ROCKWELL MEDICAL, INC.'s revenue compounded faster (-10.1% 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.

Rockwell Medical Inc. is a publicly traded pharmaceutical company based in Wixom, Michigan and founded in 1996 that focuses on development and commercialization of treatments against diseases such as end-stage renal disease (ESRD) and chronic kidney disease (CKD).

MHLA vs RMTI — Head-to-Head

Bigger by revenue
RMTI
RMTI
1.3× larger
RMTI
$18.3M
$14.0M
MHLA
Growing faster (revenue YoY)
RMTI
RMTI
+25.8% gap
RMTI
-25.6%
-51.4%
MHLA
Higher net margin
RMTI
RMTI
58.5% more per $
RMTI
-3.0%
-61.5%
MHLA
Faster 2-yr revenue CAGR
RMTI
RMTI
Annualised
RMTI
-10.1%
-21.5%
MHLA

Income Statement — Q1 FY2025 vs Q4 FY2025

Metric
MHLA
MHLA
RMTI
RMTI
Revenue
$14.0M
$18.3M
Net Profit
$-8.6M
$-554.0K
Gross Margin
21.1%
Operating Margin
-42.1%
-2.2%
Net Margin
-61.5%
-3.0%
Revenue YoY
-51.4%
-25.6%
Net Profit YoY
-692.5%
26.7%
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
RMTI
RMTI
Q4 25
$18.3M
Q3 25
$15.9M
Q2 25
$16.1M
Q1 25
$14.0M
$18.9M
Q4 24
$11.6M
$24.7M
Q3 24
$14.5M
$28.3M
Q2 24
$20.5M
$25.8M
Q1 24
$28.9M
$22.7M
Net Profit
MHLA
MHLA
RMTI
RMTI
Q4 25
$-554.0K
Q3 25
$-1.8M
Q2 25
$-1.5M
Q1 25
$-8.6M
$-1.5M
Q4 24
$-158.0M
$-756.0K
Q3 24
$-34.5M
$1.7M
Q2 24
$-10.0M
$343.0K
Q1 24
$1.5M
$-1.7M
Gross Margin
MHLA
MHLA
RMTI
RMTI
Q4 25
21.1%
Q3 25
14.3%
Q2 25
15.6%
Q1 25
16.1%
Q4 24
14.7%
Q3 24
22.0%
Q2 24
17.6%
Q1 24
13.5%
Operating Margin
MHLA
MHLA
RMTI
RMTI
Q4 25
-2.2%
Q3 25
-9.9%
Q2 25
-8.4%
Q1 25
-42.1%
-7.2%
Q4 24
2103.0%
-2.1%
Q3 24
-243.1%
6.8%
Q2 24
-53.7%
2.0%
Q1 24
3.0%
-5.8%
Net Margin
MHLA
MHLA
RMTI
RMTI
Q4 25
-3.0%
Q3 25
-11.0%
Q2 25
-9.3%
Q1 25
-61.5%
-8.0%
Q4 24
2125.8%
-3.1%
Q3 24
-238.1%
5.9%
Q2 24
-48.7%
1.3%
Q1 24
5.0%
-7.6%
EPS (diluted)
MHLA
MHLA
RMTI
RMTI
Q4 25
$-0.01
Q3 25
$-0.05
Q2 25
$-0.05
Q1 25
$-0.09
$-0.04
Q4 24
$-1.57
$-0.02
Q3 24
$-0.35
$0.04
Q2 24
$-0.10
$0.01
Q1 24
$0.01
$-0.06

Balance Sheet & Financial Strength

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

Metric
MHLA
MHLA
RMTI
RMTI
Cash + ST InvestmentsLiquidity on hand
$28.7M
$10.7M
Total DebtLower is stronger
$254.8M
Stockholders' EquityBook value
$37.6M
$37.0M
Total Assets
$1.2B
$57.1M
Debt / EquityLower = less leverage
6.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MHLA
MHLA
RMTI
RMTI
Q4 25
$10.7M
Q3 25
$13.6M
Q2 25
$12.5M
Q1 25
$28.7M
$11.4M
Q4 24
$25.7M
$15.7M
Q3 24
$110.0M
$12.3M
Q2 24
$24.8M
$11.9M
Q1 24
$20.7M
$6.6M
Total Debt
MHLA
MHLA
RMTI
RMTI
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
RMTI
RMTI
Q4 25
$37.0M
Q3 25
$37.0M
Q2 25
$30.4M
Q1 25
$37.6M
$31.5M
Q4 24
$45.2M
$32.6M
Q3 24
$208.2M
$29.1M
Q2 24
$238.0M
$23.5M
Q1 24
$249.4M
$20.6M
Total Assets
MHLA
MHLA
RMTI
RMTI
Q4 25
$57.1M
Q3 25
$57.5M
Q2 25
$52.6M
Q1 25
$1.2B
$54.0M
Q4 24
$1.3B
$59.2M
Q3 24
$1.4B
$57.1M
Q2 24
$1.4B
$53.0M
Q1 24
$1.5B
$50.7M
Debt / Equity
MHLA
MHLA
RMTI
RMTI
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
RMTI
RMTI
Operating Cash FlowLast quarter
$-21.1M
$2.3M
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
12.0%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MHLA
MHLA
RMTI
RMTI
Q4 25
$2.3M
Q3 25
$-1.3M
Q2 25
$1.8M
Q1 25
$-21.1M
$-3.5M
Q4 24
$-67.4M
$865.0K
Q3 24
$-3.8M
$4.3M
Q2 24
$-23.4M
$1.4M
Q1 24
$8.0M
$-2.4M
Free Cash Flow
MHLA
MHLA
RMTI
RMTI
Q4 25
$2.2M
Q3 25
$-1.5M
Q2 25
$1.7M
Q1 25
$-3.5M
Q4 24
$470.0K
Q3 24
$4.1M
Q2 24
$1.2M
Q1 24
$-2.5M
FCF Margin
MHLA
MHLA
RMTI
RMTI
Q4 25
12.0%
Q3 25
-9.6%
Q2 25
10.5%
Q1 25
-18.8%
Q4 24
1.9%
Q3 24
14.4%
Q2 24
4.5%
Q1 24
-11.1%
Capex Intensity
MHLA
MHLA
RMTI
RMTI
Q4 25
0.5%
Q3 25
1.4%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
1.6%
Q3 24
0.7%
Q2 24
1.1%
Q1 24
0.6%
Cash Conversion
MHLA
MHLA
RMTI
RMTI
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
2.57×
Q2 24
4.20×
Q1 24
5.52×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MHLA
MHLA

Segment breakdown not available.

RMTI
RMTI

US$15.9M87%
Non Us$2.4M13%

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