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Side-by-side financial comparison of MacKenzie Realty Capital, Inc. (MKZR) and Energous Corp (WATT). Click either name above to swap in a different company.

MacKenzie Realty Capital, Inc. is the larger business by last-quarter revenue ($4.6M vs $3.0M, roughly 1.5× Energous Corp). Energous Corp runs the higher net margin — -43.6% vs -97.4%, a 53.8% gap on every dollar of revenue. On growth, Energous Corp posted the faster year-over-year revenue change (610.3% vs -42.8%). Over the past eight quarters, Energous Corp's revenue compounded faster (589.2% CAGR vs 6.1%).

MacKenzie Realty Capital, Inc. is a U.S.-based real estate investment firm focused on acquiring, owning, and managing a diversified portfolio of income-generating commercial and residential real estate assets. It targets properties in high-growth regional markets across the U.S. to deliver consistent long-term returns to its investors.

Energous Corporation develops, manufactures and licenses patented radio frequency-based over-the-air wireless charging technologies and solutions. Its offerings cater to consumer electronics, wearables, IoT sensors, industrial and healthcare hardware segments, serving global hardware manufacturing clients across major regions worldwide.

MKZR vs WATT — Head-to-Head

Bigger by revenue
MKZR
MKZR
1.5× larger
MKZR
$4.6M
$3.0M
WATT
Growing faster (revenue YoY)
WATT
WATT
+653.1% gap
WATT
610.3%
-42.8%
MKZR
Higher net margin
WATT
WATT
53.8% more per $
WATT
-43.6%
-97.4%
MKZR
Faster 2-yr revenue CAGR
WATT
WATT
Annualised
WATT
589.2%
6.1%
MKZR

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MKZR
MKZR
WATT
WATT
Revenue
$4.6M
$3.0M
Net Profit
$-4.5M
$-1.3M
Gross Margin
37.5%
Operating Margin
-102.5%
-47.1%
Net Margin
-97.4%
-43.6%
Revenue YoY
-42.8%
610.3%
Net Profit YoY
-0.4%
67.9%
EPS (diluted)
$-2.97
$-4.95

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
MKZR
MKZR
WATT
WATT
Q4 25
$4.6M
$3.0M
Q3 25
$4.5M
$1.3M
Q2 25
$4.8M
$975.0K
Q1 25
$4.3M
$343.0K
Q4 24
$8.0M
$428.0K
Q3 24
$5.0M
$230.0K
Q2 24
$4.5M
$46.0K
Q1 24
$4.1M
$64.0K
Net Profit
MKZR
MKZR
WATT
WATT
Q4 25
$-4.5M
$-1.3M
Q3 25
$-3.0M
$-2.1M
Q2 25
$-6.0M
$-2.8M
Q1 25
$-6.1M
$-3.4M
Q4 24
$-4.5M
$-4.1M
Q3 24
$-7.4M
$-3.4M
Q2 24
$-2.5M
$-4.3M
Q1 24
$-2.9M
$-6.6M
Gross Margin
MKZR
MKZR
WATT
WATT
Q4 25
37.5%
Q3 25
36.0%
Q2 25
34.7%
Q1 25
27.1%
Q4 24
48.8%
Q3 24
Q2 24
Q1 24
Operating Margin
MKZR
MKZR
WATT
WATT
Q4 25
-102.5%
-47.1%
Q3 25
-76.8%
-172.2%
Q2 25
-117.3%
-285.1%
Q1 25
-136.4%
-1052.8%
Q4 24
-56.7%
-820.8%
Q3 24
-150.3%
-1557.0%
Q2 24
-58.1%
-10110.9%
Q1 24
-65.6%
-10414.1%
Net Margin
MKZR
MKZR
WATT
WATT
Q4 25
-97.4%
-43.6%
Q3 25
-67.1%
-166.1%
Q2 25
-125.1%
-285.9%
Q1 25
-142.6%
-981.3%
Q4 24
-55.5%
-964.7%
Q3 24
-149.6%
-1483.5%
Q2 24
-55.6%
-9256.5%
Q1 24
-72.3%
-10310.9%
EPS (diluted)
MKZR
MKZR
WATT
WATT
Q4 25
$-2.97
$-4.95
Q3 25
$-2.20
$-1.31
Q2 25
$-8.16
$-0.08
Q1 25
$-0.47
$-0.12
Q4 24
$-3.93
$-60.42
Q3 24
$-6.10
$-14.98
Q2 24
$-9.20
$-0.65
Q1 24
$-0.26
$-1.11

Balance Sheet & Financial Strength

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

Metric
MKZR
MKZR
WATT
WATT
Cash + ST InvestmentsLiquidity on hand
$4.3M
$10.4M
Total DebtLower is stronger
$145.6M
Stockholders' EquityBook value
$51.8M
$12.5M
Total Assets
$238.1M
$16.7M
Debt / EquityLower = less leverage
2.81×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MKZR
MKZR
WATT
WATT
Q4 25
$4.3M
$10.4M
Q3 25
$4.9M
$12.9M
Q2 25
$3.6M
$8.7M
Q1 25
$5.1M
$10.1M
Q4 24
$6.5M
$1.4M
Q3 24
$10.7M
$1.5M
Q2 24
$11.9M
$4.9M
Q1 24
$15.5M
$10.7M
Total Debt
MKZR
MKZR
WATT
WATT
Q4 25
$145.6M
Q3 25
$142.7M
Q2 25
$135.3M
Q1 25
Q4 24
$14.7M
Q3 24
Q2 24
$117.3M
Q1 24
Stockholders' Equity
MKZR
MKZR
WATT
WATT
Q4 25
$51.8M
$12.5M
Q3 25
$56.7M
$13.7M
Q2 25
$59.9M
$8.8M
Q1 25
$66.7M
$9.5M
Q4 24
$68.3M
$-1.1M
Q3 24
$73.4M
$434.0K
Q2 24
$82.4M
$3.0M
Q1 24
$86.3M
$7.2M
Total Assets
MKZR
MKZR
WATT
WATT
Q4 25
$238.1M
$16.7M
Q3 25
$241.7M
$17.8M
Q2 25
$236.0M
$12.3M
Q1 25
$237.1M
$13.4M
Q4 24
$236.4M
$3.8M
Q3 24
$243.5M
$4.0M
Q2 24
$233.1M
$7.2M
Q1 24
$226.1M
$13.1M
Debt / Equity
MKZR
MKZR
WATT
WATT
Q4 25
2.81×
Q3 25
2.52×
Q2 25
2.26×
Q1 25
Q4 24
0.22×
Q3 24
Q2 24
1.42×
Q1 24

Cash Flow & Capital Efficiency

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

Metric
MKZR
MKZR
WATT
WATT
Operating Cash FlowLast quarter
$-1.6M
$-2.4M
Free Cash FlowOCF − Capex
$-2.4M
FCF MarginFCF / Revenue
-80.5%
Capex IntensityCapex / Revenue
1.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MKZR
MKZR
WATT
WATT
Q4 25
$-1.6M
$-2.4M
Q3 25
$-2.0M
$-2.5M
Q2 25
$-1.7M
$-2.9M
Q1 25
$-2.6M
$-4.7M
Q4 24
$1.9M
$-2.7M
Q3 24
$644.4K
$-4.0M
Q2 24
$-595.5K
$-5.8M
Q1 24
$743.3K
$-5.1M
Free Cash Flow
MKZR
MKZR
WATT
WATT
Q4 25
$-2.4M
Q3 25
$-2.5M
Q2 25
$-2.9M
Q1 25
$-4.7M
Q4 24
Q3 24
$-4.1M
Q2 24
$-5.8M
Q1 24
$-5.1M
FCF Margin
MKZR
MKZR
WATT
WATT
Q4 25
-80.5%
Q3 25
-194.3%
Q2 25
-296.8%
Q1 25
-1367.1%
Q4 24
Q3 24
-1788.3%
Q2 24
-12667.4%
Q1 24
-7928.1%
Capex Intensity
MKZR
MKZR
WATT
WATT
Q4 25
1.3%
Q3 25
0.5%
Q2 25
1.6%
Q1 25
6.1%
Q4 24
0.0%
Q3 24
28.3%
Q2 24
123.9%
Q1 24
1.6%

Financial Flow Comparison

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

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