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Side-by-side financial comparison of Marti Technologies, Inc. (MRT) and Simulations Plus, Inc. (SLP). Click either name above to swap in a different company.

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $14.6M, roughly 1.3× Marti Technologies, Inc.). On growth, Marti Technologies, Inc. posted the faster year-over-year revenue change (63.1% vs -2.7%).

The Marti Group is a Swiss construction company, consisting of over 80 subsidiaries, officially owned by Marti Holding AG. Besides Switzerland, they are active in neighboring countries such as Germany and Austria, and also outside of Europe such as China and Chile. The company is known for high-profile public and private sector projects and using innovative technologies. Their areas of expertise include building construction, construction and renovation of tunnels, road construction, hydrauli...

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

MRT vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.3× larger
SLP
$18.4M
$14.6M
MRT
Growing faster (revenue YoY)
MRT
MRT
+65.7% gap
MRT
63.1%
-2.7%
SLP

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
MRT
MRT
SLP
SLP
Revenue
$14.6M
$18.4M
Net Profit
$676.0K
Gross Margin
49.4%
59.1%
Operating Margin
-86.1%
3.9%
Net Margin
3.7%
Revenue YoY
63.1%
-2.7%
Net Profit YoY
228.2%
EPS (diluted)
$-0.26
$0.03

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
MRT
MRT
SLP
SLP
Q4 25
$18.4M
Q3 25
$17.5M
Q2 25
$14.6M
$20.4M
Q1 25
$22.4M
Q4 24
$18.9M
Q3 24
$18.7M
Q2 24
$8.9M
$18.5M
Q1 24
$18.3M
Net Profit
MRT
MRT
SLP
SLP
Q4 25
$676.0K
Q3 25
$-681.0K
Q2 25
$-67.3M
Q1 25
$3.1M
Q4 24
$206.0K
Q3 24
$843.0K
Q2 24
$3.1M
Q1 24
$4.0M
Gross Margin
MRT
MRT
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
49.4%
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
MRT
MRT
SLP
SLP
Q4 25
3.9%
Q3 25
3.8%
Q2 25
-86.1%
-364.5%
Q1 25
12.1%
Q4 24
0.7%
Q3 24
-6.2%
Q2 24
-204.1%
10.1%
Q1 24
24.3%
Net Margin
MRT
MRT
SLP
SLP
Q4 25
3.7%
Q3 25
-3.9%
Q2 25
-330.6%
Q1 25
13.7%
Q4 24
1.1%
Q3 24
4.5%
Q2 24
16.9%
Q1 24
22.0%
EPS (diluted)
MRT
MRT
SLP
SLP
Q4 25
$0.03
Q3 25
$-0.03
Q2 25
$-0.26
$-3.35
Q1 25
$0.15
Q4 24
$0.01
Q3 24
$0.04
Q2 24
$-0.38
$0.15
Q1 24
$0.20

Balance Sheet & Financial Strength

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

Metric
MRT
MRT
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$4.2M
$35.7M
Total DebtLower is stronger
$83.0M
Stockholders' EquityBook value
$-73.2M
$127.1M
Total Assets
$17.2M
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRT
MRT
SLP
SLP
Q4 25
$35.7M
Q3 25
$32.4M
Q2 25
$4.2M
$28.4M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$9.0M
$119.0M
Q1 24
$108.5M
Total Debt
MRT
MRT
SLP
SLP
Q4 25
Q3 25
Q2 25
$83.0M
Q1 25
Q4 24
Q3 24
Q2 24
$60.2M
Q1 24
Stockholders' Equity
MRT
MRT
SLP
SLP
Q4 25
$127.1M
Q3 25
$124.8M
Q2 25
$-73.2M
$123.8M
Q1 25
$189.5M
Q4 24
$184.7M
Q3 24
$182.4M
Q2 24
$-51.2M
$180.9M
Q1 24
$177.0M
Total Assets
MRT
MRT
SLP
SLP
Q4 25
$137.8M
Q3 25
$131.9M
Q2 25
$17.2M
$134.4M
Q1 25
$201.4M
Q4 24
$196.9M
Q3 24
$196.6M
Q2 24
$25.0M
$192.7M
Q1 24
$194.0M

Cash Flow & Capital Efficiency

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

Metric
MRT
MRT
SLP
SLP
Operating Cash FlowLast quarter
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRT
MRT
SLP
SLP
Q4 25
$4.2M
Q3 25
$5.6M
Q2 25
$8.1M
Q1 25
$5.7M
Q4 24
$-1.3M
Q3 24
$1.7M
Q2 24
$5.7M
Q1 24
$5.8M
Free Cash Flow
MRT
MRT
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$5.4M
FCF Margin
MRT
MRT
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
29.4%
Capex Intensity
MRT
MRT
SLP
SLP
Q4 25
0.0%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
2.4%
Cash Conversion
MRT
MRT
SLP
SLP
Q4 25
6.26×
Q3 25
Q2 25
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRT
MRT

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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