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Side-by-side financial comparison of MIAMI INTERNATIONAL HOLDINGS, INC. (MIAX) and Playtika Holding Corp. (PLTK). Click either name above to swap in a different company.

Playtika Holding Corp. is the larger business by last-quarter revenue ($744.7M vs $339.8M, roughly 2.2× MIAMI INTERNATIONAL HOLDINGS, INC.). Playtika Holding Corp. runs the higher net margin — -7.7% vs -30.0%, a 22.3% gap on every dollar of revenue. On growth, MIAMI INTERNATIONAL HOLDINGS, INC. posted the faster year-over-year revenue change (22.8% vs 5.5%). MIAMI INTERNATIONAL HOLDINGS, INC. produced more free cash flow last quarter ($102.2M vs $2.6M).

Miami Air International was an American charter airline based in Miami-Dade County, Florida, United States. It operated worldwide passenger charter flights for diverse groups including cruise operators, professional sports teams and the United States military. It was based at Miami International Airport. Miami Air's customers included incentive groups, sports teams, Fortune 500 companies, major cruise lines, entertainers, political candidates and the United States government. Under the Civil ...

Playtika Holding Corp. is an Israeli digital entertainment company specializing in the development and publication of mobile games. In 2021, Playtika had over 35 million monthly active users.

MIAX vs PLTK — Head-to-Head

Bigger by revenue
PLTK
PLTK
2.2× larger
PLTK
$744.7M
$339.8M
MIAX
Growing faster (revenue YoY)
MIAX
MIAX
+17.3% gap
MIAX
22.8%
5.5%
PLTK
Higher net margin
PLTK
PLTK
22.3% more per $
PLTK
-7.7%
-30.0%
MIAX
More free cash flow
MIAX
MIAX
$99.6M more FCF
MIAX
$102.2M
$2.6M
PLTK

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
MIAX
MIAX
PLTK
PLTK
Revenue
$339.8M
$744.7M
Net Profit
$-102.1M
$-57.5M
Gross Margin
32.2%
74.2%
Operating Margin
-0.1%
-6.7%
Net Margin
-30.0%
-7.7%
Revenue YoY
22.8%
5.5%
Net Profit YoY
-3086.0%
-287.9%
EPS (diluted)
$-1.46
$-0.15

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
MIAX
MIAX
PLTK
PLTK
Q1 26
$744.7M
Q4 25
$678.8M
Q3 25
$339.8M
$674.6M
Q2 25
$696.0M
Q1 25
$706.0M
Q4 24
$650.3M
Q3 24
$276.7M
$620.8M
Q2 24
$627.0M
Net Profit
MIAX
MIAX
PLTK
PLTK
Q1 26
$-57.5M
Q4 25
$-309.3M
Q3 25
$-102.1M
$39.1M
Q2 25
$33.2M
Q1 25
$30.6M
Q4 24
$-16.7M
Q3 24
$-3.2M
$39.3M
Q2 24
$86.6M
Gross Margin
MIAX
MIAX
PLTK
PLTK
Q1 26
74.2%
Q4 25
72.5%
Q3 25
32.2%
73.6%
Q2 25
71.9%
Q1 25
72.0%
Q4 24
72.5%
Q3 24
25.1%
72.9%
Q2 24
73.2%
Operating Margin
MIAX
MIAX
PLTK
PLTK
Q1 26
-6.7%
Q4 25
-41.4%
Q3 25
-0.1%
14.6%
Q2 25
15.8%
Q1 25
9.6%
Q4 24
8.5%
Q3 24
-0.4%
15.7%
Q2 24
22.4%
Net Margin
MIAX
MIAX
PLTK
PLTK
Q1 26
-7.7%
Q4 25
-45.6%
Q3 25
-30.0%
5.8%
Q2 25
4.8%
Q1 25
4.3%
Q4 24
-2.6%
Q3 24
-1.2%
6.3%
Q2 24
13.8%
EPS (diluted)
MIAX
MIAX
PLTK
PLTK
Q1 26
$-0.15
Q4 25
$-0.83
Q3 25
$-1.46
$0.11
Q2 25
$0.09
Q1 25
$0.08
Q4 24
$-0.04
Q3 24
$-0.05
$0.11
Q2 24
$0.23

Balance Sheet & Financial Strength

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

Metric
MIAX
MIAX
PLTK
PLTK
Cash + ST InvestmentsLiquidity on hand
$401.5M
$779.2M
Total DebtLower is stronger
$6.5M
$2.4B
Stockholders' EquityBook value
$831.9M
Total Assets
$1.2B
$3.7B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MIAX
MIAX
PLTK
PLTK
Q1 26
$779.2M
Q4 25
$684.2M
Q3 25
$401.5M
$587.9M
Q2 25
$500.9M
Q1 25
$434.8M
Q4 24
$565.8M
Q3 24
$125.1M
$1.1B
Q2 24
$710.3M
Total Debt
MIAX
MIAX
PLTK
PLTK
Q1 26
$2.4B
Q4 25
$2.4B
Q3 25
$6.5M
$2.4B
Q2 25
$2.4B
Q1 25
$2.4B
Q4 24
$2.4B
Q3 24
$2.4B
Q2 24
$2.4B
Stockholders' Equity
MIAX
MIAX
PLTK
PLTK
Q1 26
Q4 25
$-411.4M
Q3 25
$831.9M
$-74.8M
Q2 25
$-87.8M
Q1 25
$-117.2M
Q4 24
$-131.1M
Q3 24
$351.4M
$-98.0M
Q2 24
$-112.9M
Total Assets
MIAX
MIAX
PLTK
PLTK
Q1 26
$3.7B
Q4 25
$3.7B
Q3 25
$1.2B
$3.7B
Q2 25
$3.6B
Q1 25
$3.6B
Q4 24
$3.6B
Q3 24
$3.2B
Q2 24
$3.2B
Debt / Equity
MIAX
MIAX
PLTK
PLTK
Q1 26
Q4 25
Q3 25
0.01×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
MIAX
MIAX
PLTK
PLTK
Operating Cash FlowLast quarter
$120.8M
Free Cash FlowOCF − Capex
$102.2M
$2.6M
FCF MarginFCF / Revenue
30.1%
0.3%
Capex IntensityCapex / Revenue
5.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$525.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MIAX
MIAX
PLTK
PLTK
Q1 26
Q4 25
$285.9M
Q3 25
$120.8M
$116.9M
Q2 25
$146.1M
Q1 25
$18.8M
Q4 24
$153.1M
Q3 24
$156.9M
Q2 24
$150.5M
Free Cash Flow
MIAX
MIAX
PLTK
PLTK
Q1 26
$2.6M
Q4 25
$275.2M
Q3 25
$102.2M
$106.5M
Q2 25
$141.3M
Q1 25
$8.4M
Q4 24
$140.3M
Q3 24
$152.1M
Q2 24
$141.2M
FCF Margin
MIAX
MIAX
PLTK
PLTK
Q1 26
0.3%
Q4 25
40.5%
Q3 25
30.1%
15.8%
Q2 25
20.3%
Q1 25
1.2%
Q4 24
21.6%
Q3 24
24.5%
Q2 24
22.5%
Capex Intensity
MIAX
MIAX
PLTK
PLTK
Q1 26
Q4 25
1.6%
Q3 25
5.5%
1.5%
Q2 25
0.7%
Q1 25
1.5%
Q4 24
2.0%
Q3 24
0.8%
Q2 24
1.5%
Cash Conversion
MIAX
MIAX
PLTK
PLTK
Q1 26
Q4 25
Q3 25
2.99×
Q2 25
4.40×
Q1 25
0.61×
Q4 24
Q3 24
3.99×
Q2 24
1.74×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MIAX
MIAX

Transferred At Point In Time$246.7M73%
Transferred Over Time$29.9M9%
Access Fees$27.1M8%
Futures Segment$19.4M6%
Other$9.1M3%
TISEG$4.7M1%

PLTK
PLTK

Segment breakdown not available.

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