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Side-by-side financial comparison of M-tron Industries, Inc. (MPTI) and Wave Life Sciences Ltd. (WVE). 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 $8.7M, roughly 1.6× Wave Life Sciences Ltd.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs -580.2%, a 604.2% gap on every dollar of revenue. On growth, M-tron Industries, Inc. posted the faster year-over-year revenue change (11.2% vs -55.8%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $-46.3M). Over the past eight quarters, M-tron Industries, Inc.'s revenue compounded faster (12.8% CAGR vs -18.0%).

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.

BIT Life Sciences is a for profit meetings, incentives, conferencing, exhibitions (MICE) company based in Dalian, China, that specializes in arranging multiple scientific congresses that have been described as "predatory". The company is part of a wave of organizations that have appeared in China in the past several years noted for arranging congresses with little academic merit and with the primary aim of generating revenue rather than scientific knowledge sharing. Papers submitted are usual...

MPTI vs WVE — Head-to-Head

Bigger by revenue
MPTI
MPTI
1.6× larger
MPTI
$14.2M
$8.7M
WVE
Growing faster (revenue YoY)
MPTI
MPTI
+67.0% gap
MPTI
11.2%
-55.8%
WVE
Higher net margin
MPTI
MPTI
604.2% more per $
MPTI
24.1%
-580.2%
WVE
More free cash flow
MPTI
MPTI
$48.7M more FCF
MPTI
$2.3M
$-46.3M
WVE
Faster 2-yr revenue CAGR
MPTI
MPTI
Annualised
MPTI
12.8%
-18.0%
WVE

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
MPTI
MPTI
WVE
WVE
Revenue
$14.2M
$8.7M
Net Profit
$3.4M
$-50.5M
Gross Margin
Operating Margin
27.3%
-606.5%
Net Margin
24.1%
-580.2%
Revenue YoY
11.2%
-55.8%
Net Profit YoY
60.1%
-53.3%
EPS (diluted)
$0.90
$-0.31

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
WVE
WVE
Q4 25
$14.2M
Q3 25
$14.2M
Q2 25
$13.3M
$8.7M
Q1 25
$12.7M
$9.2M
Q4 24
$12.8M
Q3 24
$13.2M
Q2 24
$11.8M
$19.7M
Q1 24
$11.2M
$12.5M
Net Profit
MPTI
MPTI
WVE
WVE
Q4 25
$3.4M
Q3 25
$1.8M
Q2 25
$1.6M
$-50.5M
Q1 25
$1.6M
$-46.9M
Q4 24
$2.1M
Q3 24
$2.3M
Q2 24
$1.7M
$-32.9M
Q1 24
$1.5M
$-31.6M
Operating Margin
MPTI
MPTI
WVE
WVE
Q4 25
27.3%
Q3 25
18.0%
Q2 25
13.9%
-606.5%
Q1 25
15.8%
-542.8%
Q4 24
20.1%
Q3 24
22.1%
Q2 24
17.8%
-177.7%
Q1 24
16.0%
-274.8%
Net Margin
MPTI
MPTI
WVE
WVE
Q4 25
24.1%
Q3 25
12.9%
Q2 25
11.7%
-580.2%
Q1 25
12.8%
-510.9%
Q4 24
16.7%
Q3 24
17.2%
Q2 24
14.8%
-167.2%
Q1 24
13.3%
-251.7%
EPS (diluted)
MPTI
MPTI
WVE
WVE
Q4 25
$0.90
Q3 25
$0.63
Q2 25
$0.53
$-0.31
Q1 25
$0.56
$-0.29
Q4 24
$0.68
Q3 24
$0.81
Q2 24
$0.63
$-0.25
Q1 24
$0.53
$-0.24

Balance Sheet & Financial Strength

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

Metric
MPTI
MPTI
WVE
WVE
Cash + ST InvestmentsLiquidity on hand
$20.9M
$208.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$63.2M
$139.3M
Total Assets
$68.4M
$252.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPTI
MPTI
WVE
WVE
Q4 25
$20.9M
Q3 25
$18.3M
Q2 25
$15.5M
$208.5M
Q1 25
$13.7M
$243.1M
Q4 24
$12.6M
Q3 24
$8.5M
Q2 24
$6.5M
$154.0M
Q1 24
$5.4M
$180.9M
Stockholders' Equity
MPTI
MPTI
WVE
WVE
Q4 25
$63.2M
Q3 25
$37.0M
Q2 25
$34.8M
$139.3M
Q1 25
$33.2M
$171.8M
Q4 24
$31.3M
Q3 24
$26.2M
Q2 24
$23.7M
$-3.5M
Q1 24
$21.7M
$25.4M
Total Assets
MPTI
MPTI
WVE
WVE
Q4 25
$68.4M
Q3 25
$42.2M
Q2 25
$39.7M
$252.4M
Q1 25
$37.8M
$288.3M
Q4 24
$36.6M
Q3 24
$31.5M
Q2 24
$28.4M
$208.8M
Q1 24
$26.8M
$235.3M

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
WVE
WVE
Operating Cash FlowLast quarter
$2.7M
$-46.0M
Free Cash FlowOCF − Capex
$2.3M
$-46.3M
FCF MarginFCF / Revenue
16.4%
-532.5%
Capex IntensityCapex / Revenue
2.4%
3.5%
Cash ConversionOCF / Net Profit
0.78×
TTM Free Cash FlowTrailing 4 quarters
$8.1M
$-170.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPTI
MPTI
WVE
WVE
Q4 25
$2.7M
Q3 25
$3.5M
Q2 25
$2.9M
$-46.0M
Q1 25
$1.6M
$-63.0M
Q4 24
$1.8M
Q3 24
$2.3M
Q2 24
$2.0M
$-27.5M
Q1 24
$1.5M
$-33.4M
Free Cash Flow
MPTI
MPTI
WVE
WVE
Q4 25
$2.3M
Q3 25
$2.7M
Q2 25
$2.0M
$-46.3M
Q1 25
$1.0M
$-63.2M
Q4 24
$1.4M
Q3 24
$1.8M
Q2 24
$1.1M
$-27.5M
Q1 24
$1.4M
$-33.8M
FCF Margin
MPTI
MPTI
WVE
WVE
Q4 25
16.4%
Q3 25
19.1%
Q2 25
15.4%
-532.5%
Q1 25
8.0%
-688.9%
Q4 24
10.8%
Q3 24
13.4%
Q2 24
9.2%
-139.8%
Q1 24
12.3%
-270.0%
Capex Intensity
MPTI
MPTI
WVE
WVE
Q4 25
2.4%
Q3 25
5.7%
Q2 25
6.1%
3.5%
Q1 25
4.6%
1.8%
Q4 24
3.3%
Q3 24
3.6%
Q2 24
7.4%
0.3%
Q1 24
1.1%
3.3%
Cash Conversion
MPTI
MPTI
WVE
WVE
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%

WVE
WVE

Segment breakdown not available.

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