vs
Side-by-side financial comparison of MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
MARAVAI LIFESCIENCES HOLDINGS, INC. is the larger business by last-quarter revenue ($49.9M vs $36.5M, roughly 1.4× SmartRent, Inc.). SmartRent, Inc. runs the higher net margin — -8.9% vs -71.6%, a 62.7% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -11.8%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $-24.9M). Over the past eight quarters, MARAVAI LIFESCIENCES HOLDINGS, INC.'s revenue compounded faster (-11.9% CAGR vs -15.0%).
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
MRVI vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $49.9M | $36.5M |
| Net Profit | $-35.7M | $-3.2M |
| Gross Margin | 25.8% | 38.6% |
| Operating Margin | -117.9% | -10.9% |
| Net Margin | -71.6% | -8.9% |
| Revenue YoY | -11.8% | 3.1% |
| Net Profit YoY | -37.7% | 71.6% |
| EPS (diluted) | $-0.24 | $-0.02 |
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.
| Q4 25 | $49.9M | $36.5M | ||
| Q3 25 | $41.6M | $36.2M | ||
| Q2 25 | $47.4M | $38.3M | ||
| Q1 25 | $46.9M | $41.3M | ||
| Q4 24 | $56.6M | $35.4M | ||
| Q3 24 | $69.0M | $40.5M | ||
| Q2 24 | $69.4M | $48.5M | ||
| Q1 24 | $64.2M | $50.5M |
| Q4 25 | $-35.7M | $-3.2M | ||
| Q3 25 | $-25.6M | $-6.3M | ||
| Q2 25 | $-39.6M | $-10.9M | ||
| Q1 25 | $-29.9M | $-40.2M | ||
| Q4 24 | $-25.9M | $-11.4M | ||
| Q3 24 | $-97.1M | $-9.9M | ||
| Q2 24 | $-9.8M | $-4.6M | ||
| Q1 24 | $-12.1M | $-7.7M |
| Q4 25 | 25.8% | 38.6% | ||
| Q3 25 | 13.6% | 26.4% | ||
| Q2 25 | 16.4% | 33.1% | ||
| Q1 25 | 16.5% | 32.8% | ||
| Q4 24 | 34.3% | 28.7% | ||
| Q3 24 | 46.7% | 33.2% | ||
| Q2 24 | 44.4% | 35.7% | ||
| Q1 24 | 40.3% | 38.5% |
| Q4 25 | -117.9% | -10.9% | ||
| Q3 25 | -98.6% | -19.4% | ||
| Q2 25 | -139.8% | -30.5% | ||
| Q1 25 | -104.9% | -99.9% | ||
| Q4 24 | -66.7% | -36.6% | ||
| Q3 24 | -239.9% | -29.0% | ||
| Q2 24 | -19.4% | -14.3% | ||
| Q1 24 | -29.4% | -20.1% |
| Q4 25 | -71.6% | -8.9% | ||
| Q3 25 | -61.4% | -17.3% | ||
| Q2 25 | -83.5% | -28.3% | ||
| Q1 25 | -63.9% | -97.2% | ||
| Q4 24 | -45.8% | -32.3% | ||
| Q3 24 | -140.6% | -24.5% | ||
| Q2 24 | -14.1% | -9.5% | ||
| Q1 24 | -18.8% | -15.2% |
| Q4 25 | $-0.24 | $-0.02 | ||
| Q3 25 | $-0.18 | $-0.03 | ||
| Q2 25 | $-0.27 | $-0.06 | ||
| Q1 25 | $-0.21 | $-0.21 | ||
| Q4 24 | $-0.21 | $-0.06 | ||
| Q3 24 | $-0.68 | $-0.05 | ||
| Q2 24 | $-0.07 | $-0.02 | ||
| Q1 24 | $-0.09 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $216.9M | $104.5M |
| Total DebtLower is stronger | $291.8M | — |
| Stockholders' EquityBook value | $212.4M | $232.1M |
| Total Assets | $770.6M | $320.9M |
| Debt / EquityLower = less leverage | 1.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $216.9M | $104.5M | ||
| Q3 25 | $243.6M | $100.0M | ||
| Q2 25 | $269.9M | $105.0M | ||
| Q1 25 | $285.1M | $125.6M | ||
| Q4 24 | $322.4M | $142.5M | ||
| Q3 24 | $578.2M | $163.4M | ||
| Q2 24 | $573.2M | $187.4M | ||
| Q1 24 | $561.7M | $204.7M |
| Q4 25 | $291.8M | — | ||
| Q3 25 | $292.8M | — | ||
| Q2 25 | $293.9M | — | ||
| Q1 25 | $294.9M | — | ||
| Q4 24 | $295.9M | — | ||
| Q3 24 | $521.7M | — | ||
| Q2 24 | $522.5M | — | ||
| Q1 24 | $523.3M | — |
| Q4 25 | $212.4M | $232.1M | ||
| Q3 25 | $245.4M | $234.4M | ||
| Q2 25 | $265.9M | $238.8M | ||
| Q1 25 | $300.6M | $250.7M | ||
| Q4 24 | $325.3M | $289.4M | ||
| Q3 24 | $344.9M | $305.1M | ||
| Q2 24 | $434.7M | $329.4M | ||
| Q1 24 | $410.7M | $333.1M |
| Q4 25 | $770.6M | $320.9M | ||
| Q3 25 | $849.2M | $335.8M | ||
| Q2 25 | $897.0M | $354.0M | ||
| Q1 25 | $959.8M | $366.1M | ||
| Q4 24 | $1.0B | $420.2M | ||
| Q3 24 | $1.3B | $448.6M | ||
| Q2 24 | $1.4B | $475.3M | ||
| Q1 24 | $1.4B | $485.5M |
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.19× | — | ||
| Q2 25 | 1.11× | — | ||
| Q1 25 | 0.98× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 1.51× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 1.27× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-22.8M | $7.7M |
| Free Cash FlowOCF − Capex | $-24.9M | $7.7M |
| FCF MarginFCF / Revenue | -49.9% | 21.0% |
| Capex IntensityCapex / Revenue | 4.2% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-70.7M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-22.8M | $7.7M | ||
| Q3 25 | $-15.2M | $-2.1M | ||
| Q2 25 | $-10.3M | $-14.9M | ||
| Q1 25 | $-9.4M | $-12.2M | ||
| Q4 24 | $-14.6M | $-12.0M | ||
| Q3 24 | $13.1M | $-3.7M | ||
| Q2 24 | $17.4M | $-13.9M | ||
| Q1 24 | $-8.5M | $-3.3M |
| Q4 25 | $-24.9M | $7.7M | ||
| Q3 25 | $-18.1M | $-2.2M | ||
| Q2 25 | $-13.1M | $-16.2M | ||
| Q1 25 | $-14.6M | $-14.3M | ||
| Q4 24 | $-20.5M | $-13.3M | ||
| Q3 24 | $4.5M | $-3.9M | ||
| Q2 24 | $7.9M | $-14.1M | ||
| Q1 24 | $-14.1M | $-3.4M |
| Q4 25 | -49.9% | 21.0% | ||
| Q3 25 | -43.4% | -6.1% | ||
| Q2 25 | -27.7% | -42.3% | ||
| Q1 25 | -31.2% | -34.7% | ||
| Q4 24 | -36.2% | -37.5% | ||
| Q3 24 | 6.6% | -9.7% | ||
| Q2 24 | 11.4% | -29.1% | ||
| Q1 24 | -22.0% | -6.7% |
| Q4 25 | 4.2% | 0.0% | ||
| Q3 25 | 7.0% | 0.2% | ||
| Q2 25 | 6.1% | 3.3% | ||
| Q1 25 | 11.2% | 5.3% | ||
| Q4 24 | 10.3% | 3.5% | ||
| Q3 24 | 12.4% | 0.6% | ||
| Q2 24 | 13.8% | 0.5% | ||
| Q1 24 | 8.8% | 0.1% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
