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Side-by-side financial comparison of MESA LABORATORIES INC (MLAB) and Via Renewables, Inc. (VIASP). Click either name above to swap in a different company.

Via Renewables, Inc. is the larger business by last-quarter revenue ($127.8M vs $65.1M, roughly 2.0× MESA LABORATORIES INC). MESA LABORATORIES INC runs the higher net margin — 5.6% vs 5.4%, a 0.2% gap on every dollar of revenue. On growth, Via Renewables, Inc. posted the faster year-over-year revenue change (22.5% vs 3.6%). MESA LABORATORIES INC produced more free cash flow last quarter ($18.0M vs $-4.8M). Over the past eight quarters, Via Renewables, Inc.'s revenue compounded faster (5.9% CAGR vs 5.1%).

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

EDF Power Solutions is a wholly owned subsidiary of the French utility EDF Group, specializing in renewable energy production. As an integrated operator, the Group develops and finances the construction of renewable energy facilities, and manages operations and maintenance for its own account and for third parties.

MLAB vs VIASP — Head-to-Head

Bigger by revenue
VIASP
VIASP
2.0× larger
VIASP
$127.8M
$65.1M
MLAB
Growing faster (revenue YoY)
VIASP
VIASP
+18.9% gap
VIASP
22.5%
3.6%
MLAB
Higher net margin
MLAB
MLAB
0.2% more per $
MLAB
5.6%
5.4%
VIASP
More free cash flow
MLAB
MLAB
$22.8M more FCF
MLAB
$18.0M
$-4.8M
VIASP
Faster 2-yr revenue CAGR
VIASP
VIASP
Annualised
VIASP
5.9%
5.1%
MLAB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MLAB
MLAB
VIASP
VIASP
Revenue
$65.1M
$127.8M
Net Profit
$3.6M
$6.9M
Gross Margin
64.2%
34.4%
Operating Margin
12.2%
15.2%
Net Margin
5.6%
5.4%
Revenue YoY
3.6%
22.5%
Net Profit YoY
316.6%
-30.9%
EPS (diluted)
$0.65
$1.19

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
MLAB
MLAB
VIASP
VIASP
Q4 25
$65.1M
$127.8M
Q3 25
$60.7M
$103.3M
Q2 25
$59.5M
$90.0M
Q1 25
$62.1M
$142.3M
Q4 24
$62.8M
$104.3M
Q3 24
$57.8M
$93.8M
Q2 24
$58.2M
$86.7M
Q1 24
$58.9M
$114.1M
Net Profit
MLAB
MLAB
VIASP
VIASP
Q4 25
$3.6M
$6.9M
Q3 25
$2.5M
$757.0K
Q2 25
$4.7M
$2.7M
Q1 25
$-7.1M
$8.8M
Q4 24
$-1.7M
$9.9M
Q3 24
$3.4M
$2.1M
Q2 24
$3.4M
$7.6M
Q1 24
$-254.6M
$8.6M
Gross Margin
MLAB
MLAB
VIASP
VIASP
Q4 25
64.2%
34.4%
Q3 25
61.5%
23.1%
Q2 25
62.0%
30.0%
Q1 25
61.8%
32.9%
Q4 24
63.3%
51.9%
Q3 24
61.3%
26.8%
Q2 24
64.0%
50.4%
Q1 24
62.1%
39.5%
Operating Margin
MLAB
MLAB
VIASP
VIASP
Q4 25
12.2%
15.2%
Q3 25
7.8%
3.1%
Q2 25
5.1%
6.7%
Q1 25
2.4%
17.5%
Q4 24
9.2%
31.5%
Q3 24
6.1%
5.3%
Q2 24
9.6%
23.8%
Q1 24
-460.6%
22.6%
Net Margin
MLAB
MLAB
VIASP
VIASP
Q4 25
5.6%
5.4%
Q3 25
4.1%
0.7%
Q2 25
8.0%
3.0%
Q1 25
-11.4%
6.2%
Q4 24
-2.7%
9.5%
Q3 24
5.9%
2.3%
Q2 24
5.8%
8.8%
Q1 24
-432.2%
7.5%
EPS (diluted)
MLAB
MLAB
VIASP
VIASP
Q4 25
$0.65
$1.19
Q3 25
$0.45
$-0.41
Q2 25
$0.85
$0.09
Q1 25
$-1.30
$1.83
Q4 24
$-0.31
$2.33
Q3 24
$0.63
$-0.17
Q2 24
$0.62
$1.51
Q1 24
$-47.26
$1.81

Balance Sheet & Financial Strength

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

Metric
MLAB
MLAB
VIASP
VIASP
Cash + ST InvestmentsLiquidity on hand
$29.0M
$41.8M
Total DebtLower is stronger
$68.4M
$120.0M
Stockholders' EquityBook value
$186.7M
$67.7M
Total Assets
$434.8M
$331.3M
Debt / EquityLower = less leverage
0.37×
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLAB
MLAB
VIASP
VIASP
Q4 25
$29.0M
$41.8M
Q3 25
$20.4M
$53.6M
Q2 25
$21.3M
$62.1M
Q1 25
$27.3M
$64.7M
Q4 24
$27.3M
$53.1M
Q3 24
$24.3M
$66.6M
Q2 24
$28.5M
$53.6M
Q1 24
$28.2M
$50.4M
Total Debt
MLAB
MLAB
VIASP
VIASP
Q4 25
$68.4M
$120.0M
Q3 25
$69.4M
$105.0M
Q2 25
$70.3M
$100.0M
Q1 25
$71.3M
$101.0M
Q4 24
$72.2M
$106.0M
Q3 24
$73.1M
$89.0M
Q2 24
$74.1M
$93.0M
Q1 24
$91.0M
Stockholders' Equity
MLAB
MLAB
VIASP
VIASP
Q4 25
$186.7M
$67.7M
Q3 25
$178.5M
$63.7M
Q2 25
$172.5M
$68.2M
Q1 25
$159.8M
$72.7M
Q4 24
$155.2M
$66.7M
Q3 24
$161.5M
$58.2M
Q2 24
$150.7M
$58.3M
Q1 24
$145.4M
$53.2M
Total Assets
MLAB
MLAB
VIASP
VIASP
Q4 25
$434.8M
$331.3M
Q3 25
$430.4M
$304.8M
Q2 25
$435.7M
$316.3M
Q1 25
$433.3M
$347.4M
Q4 24
$433.3M
$344.9M
Q3 24
$454.1M
$298.4M
Q2 24
$440.4M
$299.7M
Q1 24
$446.8M
$302.7M
Debt / Equity
MLAB
MLAB
VIASP
VIASP
Q4 25
0.37×
1.77×
Q3 25
0.39×
1.65×
Q2 25
0.41×
1.47×
Q1 25
0.45×
1.39×
Q4 24
0.47×
1.59×
Q3 24
0.45×
1.53×
Q2 24
0.49×
1.60×
Q1 24
1.71×

Cash Flow & Capital Efficiency

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

Metric
MLAB
MLAB
VIASP
VIASP
Operating Cash FlowLast quarter
$18.8M
$-4.2M
Free Cash FlowOCF − Capex
$18.0M
$-4.8M
FCF MarginFCF / Revenue
27.7%
-3.7%
Capex IntensityCapex / Revenue
1.1%
0.4%
Cash ConversionOCF / Net Profit
5.17×
-0.61×
TTM Free Cash FlowTrailing 4 quarters
$37.9M
$39.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLAB
MLAB
VIASP
VIASP
Q4 25
$18.8M
$-4.2M
Q3 25
$8.2M
$2.4M
Q2 25
$1.9M
$19.0M
Q1 25
$12.7M
$24.9M
Q4 24
$18.1M
$2.0M
Q3 24
$5.3M
$20.1M
Q2 24
$10.7M
$11.2M
Q1 24
$12.9M
$17.1M
Free Cash Flow
MLAB
MLAB
VIASP
VIASP
Q4 25
$18.0M
$-4.8M
Q3 25
$7.1M
$1.9M
Q2 25
$884.0K
$18.4M
Q1 25
$11.9M
$23.5M
Q4 24
$17.3M
$1.6M
Q3 24
$3.5M
$19.7M
Q2 24
$9.9M
$10.9M
Q1 24
$12.3M
$16.6M
FCF Margin
MLAB
MLAB
VIASP
VIASP
Q4 25
27.7%
-3.7%
Q3 25
11.7%
1.9%
Q2 25
1.5%
20.5%
Q1 25
19.2%
16.5%
Q4 24
27.6%
1.5%
Q3 24
6.0%
21.0%
Q2 24
16.9%
12.6%
Q1 24
21.0%
14.6%
Capex Intensity
MLAB
MLAB
VIASP
VIASP
Q4 25
1.1%
0.4%
Q3 25
1.8%
0.4%
Q2 25
1.7%
0.6%
Q1 25
1.2%
1.0%
Q4 24
1.3%
0.4%
Q3 24
3.1%
0.4%
Q2 24
1.5%
0.3%
Q1 24
0.9%
0.4%
Cash Conversion
MLAB
MLAB
VIASP
VIASP
Q4 25
5.17×
-0.61×
Q3 25
3.32×
3.12×
Q2 25
0.40×
6.94×
Q1 25
2.84×
Q4 24
0.20×
Q3 24
1.54×
9.41×
Q2 24
3.17×
1.47×
Q1 24
2.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

VIASP
VIASP

Retail Electricity$79.7M62%
Retail Natural Gas$48.9M38%

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