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

AVITA Medical, Inc. is the larger business by last-quarter revenue ($17.6M vs $14.2M, roughly 1.2× M-tron Industries, Inc.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs -66.0%, a 90.0% gap on every dollar of revenue. On growth, M-tron Industries, Inc. posted the faster year-over-year revenue change (11.2% vs -4.3%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $-6.1M). Over the past eight quarters, AVITA Medical, Inc.'s revenue compounded faster (26.0% 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.

Avita Medical is a clinical and commercial company developing and marketing a range regenerative medicine products. The first regenerative medicine product brought to the market by Avita Medical was ReCell spray-on skin for the treatment of burns. The two latest products are ReNovaCell, for Aesthetics and Plastic applications including skin trauma, and ReGenerCell for the treatment of chronic wounds. The Avita Medical regenerative product range is currently marketed in Europe, the Middle East...

MPTI vs RCEL — Head-to-Head

Bigger by revenue
RCEL
RCEL
1.2× larger
RCEL
$17.6M
$14.2M
MPTI
Growing faster (revenue YoY)
MPTI
MPTI
+15.4% gap
MPTI
11.2%
-4.3%
RCEL
Higher net margin
MPTI
MPTI
90.0% more per $
MPTI
24.1%
-66.0%
RCEL
More free cash flow
MPTI
MPTI
$8.4M more FCF
MPTI
$2.3M
$-6.1M
RCEL
Faster 2-yr revenue CAGR
RCEL
RCEL
Annualised
RCEL
26.0%
12.8%
MPTI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPTI
MPTI
RCEL
RCEL
Revenue
$14.2M
$17.6M
Net Profit
$3.4M
$-11.6M
Gross Margin
81.2%
Operating Margin
27.3%
-59.1%
Net Margin
24.1%
-66.0%
Revenue YoY
11.2%
-4.3%
Net Profit YoY
60.1%
-0.3%
EPS (diluted)
$0.90
$-0.37

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
RCEL
RCEL
Q4 25
$14.2M
$17.6M
Q3 25
$14.2M
$17.1M
Q2 25
$13.3M
$18.4M
Q1 25
$12.7M
$18.5M
Q4 24
$12.8M
$18.4M
Q3 24
$13.2M
$19.5M
Q2 24
$11.8M
$15.2M
Q1 24
$11.2M
$11.1M
Net Profit
MPTI
MPTI
RCEL
RCEL
Q4 25
$3.4M
$-11.6M
Q3 25
$1.8M
$-13.2M
Q2 25
$1.6M
$-9.9M
Q1 25
$1.6M
$-13.9M
Q4 24
$2.1M
$-11.6M
Q3 24
$2.3M
$-16.2M
Q2 24
$1.7M
$-15.4M
Q1 24
$1.5M
$-18.7M
Gross Margin
MPTI
MPTI
RCEL
RCEL
Q4 25
81.2%
Q3 25
81.3%
Q2 25
81.2%
Q1 25
84.7%
Q4 24
87.6%
Q3 24
83.7%
Q2 24
86.1%
Q1 24
86.4%
Operating Margin
MPTI
MPTI
RCEL
RCEL
Q4 25
27.3%
-59.1%
Q3 25
18.0%
-53.6%
Q2 25
13.9%
-60.5%
Q1 25
15.8%
-63.9%
Q4 24
20.1%
-54.1%
Q3 24
22.1%
-70.6%
Q2 24
17.8%
-102.8%
Q1 24
16.0%
-155.0%
Net Margin
MPTI
MPTI
RCEL
RCEL
Q4 25
24.1%
-66.0%
Q3 25
12.9%
-77.3%
Q2 25
11.7%
-53.9%
Q1 25
12.8%
-74.9%
Q4 24
16.7%
-63.0%
Q3 24
17.2%
-82.9%
Q2 24
14.8%
-101.3%
Q1 24
13.3%
-168.0%
EPS (diluted)
MPTI
MPTI
RCEL
RCEL
Q4 25
$0.90
$-0.37
Q3 25
$0.63
$-0.46
Q2 25
$0.53
$-0.38
Q1 25
$0.56
$-0.53
Q4 24
$0.68
$-0.44
Q3 24
$0.81
$-0.62
Q2 24
$0.63
$-0.60
Q1 24
$0.53
$-0.73

Balance Sheet & Financial Strength

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

Metric
MPTI
MPTI
RCEL
RCEL
Cash + ST InvestmentsLiquidity on hand
$20.9M
$18.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.2M
$-16.6M
Total Assets
$68.4M
$56.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPTI
MPTI
RCEL
RCEL
Q4 25
$20.9M
$18.2M
Q3 25
$18.3M
$23.3M
Q2 25
$15.5M
$15.7M
Q1 25
$13.7M
$25.8M
Q4 24
$12.6M
$35.9M
Q3 24
$8.5M
$44.4M
Q2 24
$6.5M
$54.1M
Q1 24
$5.4M
$68.2M
Stockholders' Equity
MPTI
MPTI
RCEL
RCEL
Q4 25
$63.2M
$-16.6M
Q3 25
$37.0M
$-6.7M
Q2 25
$34.8M
$-12.9M
Q1 25
$33.2M
$-4.6M
Q4 24
$31.3M
$4.5M
Q3 24
$26.2M
$12.2M
Q2 24
$23.7M
$23.9M
Q1 24
$21.7M
$32.6M
Total Assets
MPTI
MPTI
RCEL
RCEL
Q4 25
$68.4M
$56.4M
Q3 25
$42.2M
$63.7M
Q2 25
$39.7M
$58.1M
Q1 25
$37.8M
$69.6M
Q4 24
$36.6M
$79.7M
Q3 24
$31.5M
$81.1M
Q2 24
$28.4M
$87.8M
Q1 24
$26.8M
$97.4M

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
RCEL
RCEL
Operating Cash FlowLast quarter
$2.7M
$-5.4M
Free Cash FlowOCF − Capex
$2.3M
$-6.1M
FCF MarginFCF / Revenue
16.4%
-34.7%
Capex IntensityCapex / Revenue
2.4%
3.8%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$8.1M
$-33.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPTI
MPTI
RCEL
RCEL
Q4 25
$2.7M
$-5.4M
Q3 25
$3.5M
$-5.2M
Q2 25
$2.9M
$-10.2M
Q1 25
$1.6M
$-10.3M
Q4 24
$1.8M
$-8.1M
Q3 24
$2.3M
$-7.2M
Q2 24
$2.0M
$-12.8M
Q1 24
$1.5M
$-20.9M
Free Cash Flow
MPTI
MPTI
RCEL
RCEL
Q4 25
$2.3M
$-6.1M
Q3 25
$2.7M
$-6.2M
Q2 25
$2.0M
$-10.8M
Q1 25
$1.0M
$-10.5M
Q4 24
$1.4M
$-9.7M
Q3 24
$1.8M
$-11.0M
Q2 24
$1.1M
$-15.4M
Q1 24
$1.4M
$-22.0M
FCF Margin
MPTI
MPTI
RCEL
RCEL
Q4 25
16.4%
-34.7%
Q3 25
19.1%
-36.1%
Q2 25
15.4%
-58.4%
Q1 25
8.0%
-56.9%
Q4 24
10.8%
-52.7%
Q3 24
13.4%
-56.1%
Q2 24
9.2%
-101.6%
Q1 24
12.3%
-198.2%
Capex Intensity
MPTI
MPTI
RCEL
RCEL
Q4 25
2.4%
3.8%
Q3 25
5.7%
5.5%
Q2 25
6.1%
2.8%
Q1 25
4.6%
1.2%
Q4 24
3.3%
8.8%
Q3 24
3.6%
19.2%
Q2 24
7.4%
17.5%
Q1 24
1.1%
10.3%
Cash Conversion
MPTI
MPTI
RCEL
RCEL
Q4 25
0.78×
Q3 25
1.92×
Q2 25
1.83×
Q1 25
0.99×
Q4 24
0.85×
Q3 24
0.99×
Q2 24
1.12×
Q1 24
1.01×

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%

RCEL
RCEL

Segment breakdown not available.

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