vs

Side-by-side financial comparison of M-tron Industries, Inc. (MPTI) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.

Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $14.2M, roughly 1.9× M-tron Industries, Inc.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs -34.6%, a 58.7% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 11.2%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $-651.0K). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 12.8%).

M-tron Industries, Inc. designs, manufactures and markets high-performance frequency control and timing solutions including crystal oscillators, filters and integrated timing assemblies. Its products serve aerospace, defense, telecom, industrial automation and medical device segments, catering mainly to North American, European and Asian commercial and government clients.

Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.

MPTI vs OWLT — Head-to-Head

Bigger by revenue
OWLT
OWLT
1.9× larger
OWLT
$26.6M
$14.2M
MPTI
Growing faster (revenue YoY)
OWLT
OWLT
+18.5% gap
OWLT
29.6%
11.2%
MPTI
Higher net margin
MPTI
MPTI
58.7% more per $
MPTI
24.1%
-34.6%
OWLT
More free cash flow
MPTI
MPTI
$3.0M more FCF
MPTI
$2.3M
$-651.0K
OWLT
Faster 2-yr revenue CAGR
OWLT
OWLT
Annualised
OWLT
34.2%
12.8%
MPTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPTI
MPTI
OWLT
OWLT
Revenue
$14.2M
$26.6M
Net Profit
$3.4M
$-9.2M
Gross Margin
47.6%
Operating Margin
27.3%
-18.4%
Net Margin
24.1%
-34.6%
Revenue YoY
11.2%
29.6%
Net Profit YoY
60.1%
-1.5%
EPS (diluted)
$0.90

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
MPTI
MPTI
OWLT
OWLT
Q4 25
$14.2M
$26.6M
Q3 25
$14.2M
$32.0M
Q2 25
$13.3M
$26.1M
Q1 25
$12.7M
$21.1M
Q4 24
$12.8M
$20.5M
Q3 24
$13.2M
$22.1M
Q2 24
$11.8M
$20.7M
Q1 24
$11.2M
$14.8M
Net Profit
MPTI
MPTI
OWLT
OWLT
Q4 25
$3.4M
$-9.2M
Q3 25
$1.8M
$4.1M
Q2 25
$1.6M
$-37.6M
Q1 25
$1.6M
$3.0M
Q4 24
$2.1M
$-9.1M
Q3 24
$2.3M
$-5.6M
Q2 24
$1.7M
$-1.1M
Q1 24
$1.5M
$3.3M
Gross Margin
MPTI
MPTI
OWLT
OWLT
Q4 25
47.6%
Q3 25
50.6%
Q2 25
51.3%
Q1 25
53.7%
Q4 24
53.5%
Q3 24
52.2%
Q2 24
49.5%
Q1 24
44.4%
Operating Margin
MPTI
MPTI
OWLT
OWLT
Q4 25
27.3%
-18.4%
Q3 25
18.0%
3.8%
Q2 25
13.9%
-7.4%
Q1 25
15.8%
-12.7%
Q4 24
20.1%
-36.2%
Q3 24
22.1%
-21.8%
Q2 24
17.8%
-10.8%
Q1 24
16.0%
-39.0%
Net Margin
MPTI
MPTI
OWLT
OWLT
Q4 25
24.1%
-34.6%
Q3 25
12.9%
12.9%
Q2 25
11.7%
-144.4%
Q1 25
12.8%
14.3%
Q4 24
16.7%
-44.2%
Q3 24
17.2%
-25.4%
Q2 24
14.8%
-5.5%
Q1 24
13.3%
22.2%
EPS (diluted)
MPTI
MPTI
OWLT
OWLT
Q4 25
$0.90
Q3 25
$0.63
$-0.06
Q2 25
$0.53
$-2.37
Q1 25
$0.56
$0.11
Q4 24
$0.68
$-0.15
Q3 24
$0.81
$-0.61
Q2 24
$0.63
$-0.30
Q1 24
$0.53
$-0.51

Balance Sheet & Financial Strength

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

Metric
MPTI
MPTI
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$20.9M
$35.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.2M
$19.0M
Total Assets
$68.4M
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPTI
MPTI
OWLT
OWLT
Q4 25
$20.9M
$35.5M
Q3 25
$18.3M
$23.8M
Q2 25
$15.5M
$21.8M
Q1 25
$13.7M
$16.3M
Q4 24
$12.6M
$20.2M
Q3 24
$8.5M
$21.6M
Q2 24
$6.5M
$15.4M
Q1 24
$5.4M
$18.4M
Total Debt
MPTI
MPTI
OWLT
OWLT
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
Q1 24
$4.0M
Stockholders' Equity
MPTI
MPTI
OWLT
OWLT
Q4 25
$63.2M
$19.0M
Q3 25
$37.0M
$-54.1M
Q2 25
$34.8M
$-59.2M
Q1 25
$33.2M
$-25.8M
Q4 24
$31.3M
$-29.8M
Q3 24
$26.2M
$-21.5M
Q2 24
$23.7M
$-33.4M
Q1 24
$21.7M
$-32.9M
Total Assets
MPTI
MPTI
OWLT
OWLT
Q4 25
$68.4M
$85.6M
Q3 25
$42.2M
$74.9M
Q2 25
$39.7M
$63.5M
Q1 25
$37.8M
$51.4M
Q4 24
$36.6M
$49.5M
Q3 24
$31.5M
$56.1M
Q2 24
$28.4M
$45.9M
Q1 24
$26.8M
$43.8M

Cash Flow & Capital Efficiency

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

Metric
MPTI
MPTI
OWLT
OWLT
Operating Cash FlowLast quarter
$2.7M
$-452.0K
Free Cash FlowOCF − Capex
$2.3M
$-651.0K
FCF MarginFCF / Revenue
16.4%
-2.5%
Capex IntensityCapex / Revenue
2.4%
0.7%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$8.1M
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPTI
MPTI
OWLT
OWLT
Q4 25
$2.7M
$-452.0K
Q3 25
$3.5M
$-2.2M
Q2 25
$2.9M
$-2.2M
Q1 25
$1.6M
$-5.9M
Q4 24
$1.8M
$3.0M
Q3 24
$2.3M
$-7.5M
Q2 24
$2.0M
$-3.4M
Q1 24
$1.5M
$-3.4M
Free Cash Flow
MPTI
MPTI
OWLT
OWLT
Q4 25
$2.3M
$-651.0K
Q3 25
$2.7M
$-2.2M
Q2 25
$2.0M
$-2.3M
Q1 25
$1.0M
$-5.9M
Q4 24
$1.4M
$3.0M
Q3 24
$1.8M
$-7.5M
Q2 24
$1.1M
$-3.4M
Q1 24
$1.4M
FCF Margin
MPTI
MPTI
OWLT
OWLT
Q4 25
16.4%
-2.5%
Q3 25
19.1%
-6.8%
Q2 25
15.4%
-8.8%
Q1 25
8.0%
-28.1%
Q4 24
10.8%
14.5%
Q3 24
13.4%
-33.9%
Q2 24
9.2%
-16.3%
Q1 24
12.3%
Capex Intensity
MPTI
MPTI
OWLT
OWLT
Q4 25
2.4%
0.7%
Q3 25
5.7%
0.0%
Q2 25
6.1%
0.2%
Q1 25
4.6%
0.0%
Q4 24
3.3%
0.2%
Q3 24
3.6%
0.0%
Q2 24
7.4%
0.0%
Q1 24
1.1%
0.0%
Cash Conversion
MPTI
MPTI
OWLT
OWLT
Q4 25
0.78×
Q3 25
1.92×
-0.52×
Q2 25
1.83×
Q1 25
0.99×
-1.96×
Q4 24
0.85×
Q3 24
0.99×
Q2 24
1.12×
Q1 24
1.01×
-1.03×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MPTI
MPTI

US$11.3M79%
Non Us$2.9M21%

OWLT
OWLT

US$22.7M85%
Non Us$3.2M12%
Other$651.0K2%

Related Comparisons