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

M-tron Industries, Inc. is the larger business by last-quarter revenue ($14.2M vs $7.5M, roughly 1.9× Semler Scientific, Inc.). Semler Scientific, Inc. runs the higher net margin — 225.6% vs 24.1%, a 201.6% gap on every dollar of revenue. On growth, M-tron Industries, Inc. posted the faster year-over-year revenue change (11.2% vs -44.6%). Over the past eight quarters, M-tron Industries, Inc.'s revenue compounded faster (12.8% CAGR vs -29.5%).

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.

Semler Scientific, Inc. develops, manufactures and distributes non-invasive medical diagnostic devices for chronic disease screening. Its flagship QuantaFlo system delivers fast, accurate peripheral arterial disease testing, serving hospitals, clinics, primary care practices and other healthcare providers primarily in the United States.

MPTI vs SMLR — Head-to-Head

Bigger by revenue
MPTI
MPTI
1.9× larger
MPTI
$14.2M
$7.5M
SMLR
Growing faster (revenue YoY)
MPTI
MPTI
+55.7% gap
MPTI
11.2%
-44.6%
SMLR
Higher net margin
SMLR
SMLR
201.6% more per $
SMLR
225.6%
24.1%
MPTI
Faster 2-yr revenue CAGR
MPTI
MPTI
Annualised
MPTI
12.8%
-29.5%
SMLR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MPTI
MPTI
SMLR
SMLR
Revenue
$14.2M
$7.5M
Net Profit
$3.4M
$16.9M
Gross Margin
91.5%
Operating Margin
27.3%
-72.0%
Net Margin
24.1%
225.6%
Revenue YoY
11.2%
-44.6%
Net Profit YoY
60.1%
201.3%
EPS (diluted)
$0.90
$1.07

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
SMLR
SMLR
Q4 25
$14.2M
Q3 25
$14.2M
$7.5M
Q2 25
$13.3M
$8.2M
Q1 25
$12.7M
$8.8M
Q4 24
$12.8M
$12.4M
Q3 24
$13.2M
$13.5M
Q2 24
$11.8M
$14.5M
Q1 24
$11.2M
$15.9M
Net Profit
MPTI
MPTI
SMLR
SMLR
Q4 25
$3.4M
Q3 25
$1.8M
$16.9M
Q2 25
$1.6M
$66.9M
Q1 25
$1.6M
$-64.7M
Q4 24
$2.1M
$29.2M
Q3 24
$2.3M
$5.6M
Q2 24
$1.7M
$11.0K
Q1 24
$1.5M
$6.1M
Gross Margin
MPTI
MPTI
SMLR
SMLR
Q4 25
Q3 25
91.5%
Q2 25
91.0%
Q1 25
89.4%
Q4 24
91.1%
Q3 24
91.4%
Q2 24
91.3%
Q1 24
92.2%
Operating Margin
MPTI
MPTI
SMLR
SMLR
Q4 25
27.3%
Q3 25
18.0%
-72.0%
Q2 25
13.9%
-25.0%
Q1 25
15.8%
-352.0%
Q4 24
20.1%
28.5%
Q3 24
22.1%
37.5%
Q2 24
17.8%
37.0%
Q1 24
16.0%
43.9%
Net Margin
MPTI
MPTI
SMLR
SMLR
Q4 25
24.1%
Q3 25
12.9%
225.6%
Q2 25
11.7%
814.6%
Q1 25
12.8%
-732.3%
Q4 24
16.7%
235.3%
Q3 24
17.2%
41.5%
Q2 24
14.8%
0.1%
Q1 24
13.3%
38.2%
EPS (diluted)
MPTI
MPTI
SMLR
SMLR
Q4 25
$0.90
Q3 25
$0.63
$1.07
Q2 25
$0.53
$5.04
Q1 25
$0.56
$-6.74
Q4 24
$0.68
$3.63
Q3 24
$0.81
$0.72
Q2 24
$0.63
$0.00
Q1 24
$0.53
$0.78

Balance Sheet & Financial Strength

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

Metric
MPTI
MPTI
SMLR
SMLR
Cash + ST InvestmentsLiquidity on hand
$20.9M
$10.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.2M
$459.7M
Total Assets
$68.4M
$596.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPTI
MPTI
SMLR
SMLR
Q4 25
$20.9M
Q3 25
$18.3M
$10.2M
Q2 25
$15.5M
$13.5M
Q1 25
$13.7M
$9.7M
Q4 24
$12.6M
$8.8M
Q3 24
$8.5M
$6.6M
Q2 24
$6.5M
$7.3M
Q1 24
$5.4M
$62.8M
Stockholders' Equity
MPTI
MPTI
SMLR
SMLR
Q4 25
$63.2M
Q3 25
$37.0M
$459.7M
Q2 25
$34.8M
$383.4M
Q1 25
$33.2M
$161.7M
Q4 24
$31.3M
$230.8M
Q3 24
$26.2M
$85.4M
Q2 24
$23.7M
$78.4M
Q1 24
$21.7M
$77.9M
Total Assets
MPTI
MPTI
SMLR
SMLR
Q4 25
$68.4M
Q3 25
$42.2M
$596.7M
Q2 25
$39.7M
$522.6M
Q1 25
$37.8M
$293.4M
Q4 24
$36.6M
$239.8M
Q3 24
$31.5M
$92.2M
Q2 24
$28.4M
$84.8M
Q1 24
$26.8M
$83.9M

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
SMLR
SMLR
Operating Cash FlowLast quarter
$2.7M
$-33.0M
Free Cash FlowOCF − Capex
$2.3M
FCF MarginFCF / Revenue
16.4%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.78×
-1.95×
TTM Free Cash FlowTrailing 4 quarters
$8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPTI
MPTI
SMLR
SMLR
Q4 25
$2.7M
Q3 25
$3.5M
$-33.0M
Q2 25
$2.9M
$514.0K
Q1 25
$1.6M
$-1.9M
Q4 24
$1.8M
$7.4M
Q3 24
$2.3M
$6.4M
Q2 24
$2.0M
$4.9M
Q1 24
$1.5M
$5.6M
Free Cash Flow
MPTI
MPTI
SMLR
SMLR
Q4 25
$2.3M
Q3 25
$2.7M
Q2 25
$2.0M
Q1 25
$1.0M
Q4 24
$1.4M
$7.4M
Q3 24
$1.8M
Q2 24
$1.1M
$4.9M
Q1 24
$1.4M
$5.6M
FCF Margin
MPTI
MPTI
SMLR
SMLR
Q4 25
16.4%
Q3 25
19.1%
Q2 25
15.4%
Q1 25
8.0%
Q4 24
10.8%
59.8%
Q3 24
13.4%
Q2 24
9.2%
33.8%
Q1 24
12.3%
35.3%
Capex Intensity
MPTI
MPTI
SMLR
SMLR
Q4 25
2.4%
Q3 25
5.7%
Q2 25
6.1%
Q1 25
4.6%
Q4 24
3.3%
0.0%
Q3 24
3.6%
0.0%
Q2 24
7.4%
0.3%
Q1 24
1.1%
0.0%
Cash Conversion
MPTI
MPTI
SMLR
SMLR
Q4 25
0.78×
Q3 25
1.92×
-1.95×
Q2 25
1.83×
0.01×
Q1 25
0.99×
Q4 24
0.85×
0.25×
Q3 24
0.99×
1.15×
Q2 24
1.12×
448.55×
Q1 24
1.01×
0.93×

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%

SMLR
SMLR

Segment breakdown not available.

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