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Side-by-side financial comparison of MNTN, Inc. (MNTN) and WESTERN ALLIANCE BANCORPORATION (WAL). Click either name above to swap in a different company.

WESTERN ALLIANCE BANCORPORATION is the larger business by last-quarter revenue ($1.0B vs $73.7M, roughly 13.8× MNTN, Inc.). WESTERN ALLIANCE BANCORPORATION runs the higher net margin — 18.6% vs 11.9%, a 6.7% gap on every dollar of revenue. On growth, WESTERN ALLIANCE BANCORPORATION posted the faster year-over-year revenue change (31.0% vs 14.2%).

MNTN Inc. is a U.S.-headquartered advertising technology firm specializing in performance-driven connected TV (CTV) advertising solutions. It serves e-commerce, retail, and consumer goods brands, helping clients accurately measure ad campaign ROI and reach targeted audiences across streaming TV platforms in North American and European markets.

Western Alliance Bancorporation is a regional bank holding company headquartered in Phoenix. It is on the list of largest banks in the United States and is ranked 97th on the Forbes list of America's Best Banks.

MNTN vs WAL — Head-to-Head

Bigger by revenue
WAL
WAL
13.8× larger
WAL
$1.0B
$73.7M
MNTN
Growing faster (revenue YoY)
WAL
WAL
+16.8% gap
WAL
31.0%
14.2%
MNTN
Higher net margin
WAL
WAL
6.7% more per $
WAL
18.6%
11.9%
MNTN

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MNTN
MNTN
WAL
WAL
Revenue
$73.7M
$1.0B
Net Profit
$8.8M
$189.2M
Gross Margin
2748.6%
Operating Margin
31.5%
Net Margin
11.9%
18.6%
Revenue YoY
14.2%
31.0%
Net Profit YoY
141.5%
-5.0%
EPS (diluted)
$0.11
$1.65

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
MNTN
MNTN
WAL
WAL
Q1 26
$73.7M
$1.0B
Q4 25
$980.9M
Q3 25
$70.0M
$938.2M
Q2 25
$68.5M
$845.9M
Q1 25
$778.0M
Q4 24
$838.4M
Q3 24
$823.1M
Q2 24
$771.8M
Net Profit
MNTN
MNTN
WAL
WAL
Q1 26
$8.8M
$189.2M
Q4 25
$286.1M
Q3 25
$6.4M
$253.4M
Q2 25
$-26.2M
$230.4M
Q1 25
$199.1M
Q4 24
$216.9M
Q3 24
$199.8M
Q2 24
$193.6M
Gross Margin
MNTN
MNTN
WAL
WAL
Q1 26
2748.6%
Q4 25
Q3 25
78.9%
Q2 25
76.8%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
MNTN
MNTN
WAL
WAL
Q1 26
31.5%
Q4 25
36.3%
Q3 25
10.8%
33.4%
Q2 25
5.4%
34.4%
Q1 25
31.7%
Q4 24
30.9%
Q3 24
30.6%
Q2 24
32.1%
Net Margin
MNTN
MNTN
WAL
WAL
Q1 26
11.9%
18.6%
Q4 25
29.2%
Q3 25
9.2%
27.0%
Q2 25
-38.3%
27.2%
Q1 25
25.6%
Q4 24
25.9%
Q3 24
24.3%
Q2 24
25.1%
EPS (diluted)
MNTN
MNTN
WAL
WAL
Q1 26
$0.11
$1.65
Q4 25
$2.59
Q3 25
$0.08
$2.28
Q2 25
$-0.65
$2.07
Q1 25
$1.79
Q4 24
$1.94
Q3 24
$1.80
Q2 24
$1.75

Balance Sheet & Financial Strength

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

Metric
MNTN
MNTN
WAL
WAL
Cash + ST InvestmentsLiquidity on hand
$213.9M
Total DebtLower is stronger
$4.3B
Stockholders' EquityBook value
$318.6M
$7.9B
Total Assets
$375.1M
$98.9B
Debt / EquityLower = less leverage
0.54×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNTN
MNTN
WAL
WAL
Q1 26
$213.9M
Q4 25
Q3 25
$179.2M
Q2 25
$175.2M
Q1 25
Q4 24
Q3 24
Q2 24
Total Debt
MNTN
MNTN
WAL
WAL
Q1 26
$4.3B
Q4 25
$1.4B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$1.6B
Q4 24
$2.4B
Q3 24
$1.4B
Q2 24
$436.0M
Stockholders' Equity
MNTN
MNTN
WAL
WAL
Q1 26
$318.6M
$7.9B
Q4 25
$7.7B
Q3 25
$266.7M
$7.4B
Q2 25
$238.9M
$7.1B
Q1 25
$6.9B
Q4 24
$6.7B
Q3 24
$6.7B
Q2 24
$6.3B
Total Assets
MNTN
MNTN
WAL
WAL
Q1 26
$375.1M
$98.9B
Q4 25
$92.8B
Q3 25
$335.9M
$91.0B
Q2 25
$337.0M
$86.7B
Q1 25
$83.0B
Q4 24
$80.9B
Q3 24
$80.1B
Q2 24
$80.6B
Debt / Equity
MNTN
MNTN
WAL
WAL
Q1 26
0.54×
Q4 25
0.18×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.23×
Q4 24
0.36×
Q3 24
0.21×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
MNTN
MNTN
WAL
WAL
Operating Cash FlowLast quarter
$7.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNTN
MNTN
WAL
WAL
Q1 26
$7.1M
Q4 25
$-2.7B
Q3 25
$9.3M
$-597.4M
Q2 25
$17.6M
$-357.7M
Q1 25
$-1.7B
Q4 24
$-2.7B
Q3 24
$-1.1B
Q2 24
$-745.8M
Cash Conversion
MNTN
MNTN
WAL
WAL
Q1 26
0.81×
Q4 25
-9.36×
Q3 25
1.45×
-2.36×
Q2 25
-1.55×
Q1 25
-8.31×
Q4 24
-12.64×
Q3 24
-5.35×
Q2 24
-3.85×

Financial Flow Comparison

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

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