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Side-by-side financial comparison of McEwen Inc. (MUX) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $64.6M, roughly 1.1× McEwen Inc.). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 59.0%, a 325.0% gap on every dollar of revenue. On growth, McEwen Inc. posted the faster year-over-year revenue change (92.8% vs 21.2%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% CAGR vs 25.2%).

McEwen Inc (ticker MUX) is a natural resource company primarily engaged in the exploration, development, and production of gold, silver, and copper assets. Its core operations are located across North and South America, serving global commodity markets with a focus on sustainable, responsible mining practices.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

MUX vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.1× larger
RIGL
$69.8M
$64.6M
MUX
Growing faster (revenue YoY)
MUX
MUX
+71.6% gap
MUX
92.8%
21.2%
RIGL
Higher net margin
RIGL
RIGL
325.0% more per $
RIGL
384.0%
59.0%
MUX
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
25.2%
MUX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MUX
MUX
RIGL
RIGL
Revenue
$64.6M
$69.8M
Net Profit
$38.1M
$268.1M
Gross Margin
26.9%
91.5%
Operating Margin
34.2%
33.2%
Net Margin
59.0%
384.0%
Revenue YoY
92.8%
21.2%
Net Profit YoY
563.1%
1769.2%
EPS (diluted)
$0.66
$14.11

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
MUX
MUX
RIGL
RIGL
Q4 25
$64.6M
$69.8M
Q3 25
$50.5M
$69.5M
Q2 25
$46.7M
$101.7M
Q1 25
$35.7M
$53.3M
Q4 24
$33.5M
$57.6M
Q3 24
$52.3M
$55.3M
Q2 24
$47.5M
$36.8M
Q1 24
$41.2M
$29.5M
Net Profit
MUX
MUX
RIGL
RIGL
Q4 25
$38.1M
$268.1M
Q3 25
$-462.0K
$27.9M
Q2 25
$3.0M
$59.6M
Q1 25
$-6.3M
$11.4M
Q4 24
$-8.2M
$14.3M
Q3 24
$-2.1M
$12.4M
Q2 24
$-13.0M
$-1.0M
Q1 24
$-20.4M
$-8.2M
Gross Margin
MUX
MUX
RIGL
RIGL
Q4 25
26.9%
91.5%
Q3 25
15.5%
93.2%
Q2 25
26.3%
95.6%
Q1 25
28.2%
91.7%
Q4 24
1.1%
89.9%
Q3 24
26.4%
85.5%
Q2 24
22.7%
92.4%
Q1 24
14.6%
93.1%
Operating Margin
MUX
MUX
RIGL
RIGL
Q4 25
34.2%
33.2%
Q3 25
-16.7%
40.9%
Q2 25
-7.2%
60.1%
Q1 25
-21.4%
23.9%
Q4 24
-43.4%
28.9%
Q3 24
-0.2%
25.4%
Q2 24
-29.4%
1.2%
Q1 24
-53.3%
-23.6%
Net Margin
MUX
MUX
RIGL
RIGL
Q4 25
59.0%
384.0%
Q3 25
-0.9%
40.2%
Q2 25
6.5%
58.6%
Q1 25
-17.6%
21.5%
Q4 24
-24.6%
24.9%
Q3 24
-4.0%
22.5%
Q2 24
-27.4%
-2.8%
Q1 24
-49.4%
-27.9%
EPS (diluted)
MUX
MUX
RIGL
RIGL
Q4 25
$0.66
$14.11
Q3 25
$-0.01
$1.46
Q2 25
$0.06
$3.28
Q1 25
$-0.12
$0.63
Q4 24
$-0.15
$0.82
Q3 24
$-0.04
$0.70
Q2 24
$-0.26
$-0.06
Q1 24
$-0.41
$-0.47

Balance Sheet & Financial Strength

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

Metric
MUX
MUX
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$72.1M
$155.0M
Total DebtLower is stronger
$126.2M
$52.5M
Stockholders' EquityBook value
$546.2M
$391.5M
Total Assets
$820.2M
$513.6M
Debt / EquityLower = less leverage
0.23×
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MUX
MUX
RIGL
RIGL
Q4 25
$72.1M
$155.0M
Q3 25
$75.4M
$137.1M
Q2 25
$69.5M
$108.4M
Q1 25
$79.3M
$77.1M
Q4 24
$15.3M
$77.3M
Q3 24
$30.2M
$61.1M
Q2 24
$42.6M
$49.1M
Q1 24
$22.0M
$49.5M
Total Debt
MUX
MUX
RIGL
RIGL
Q4 25
$126.2M
$52.5M
Q3 25
$126.0M
$60.0M
Q2 25
$125.8M
$60.0M
Q1 25
$125.5M
$60.0M
Q4 24
$40.0M
$60.0M
Q3 24
$31.0M
$60.0M
Q2 24
$34.0M
$60.0M
Q1 24
$37.0M
$60.0M
Stockholders' Equity
MUX
MUX
RIGL
RIGL
Q4 25
$546.2M
$391.5M
Q3 25
$488.6M
$117.6M
Q2 25
$484.5M
$81.9M
Q1 25
$479.8M
$18.6M
Q4 24
$495.0M
$3.3M
Q3 24
$502.1M
$-14.6M
Q2 24
$485.2M
$-29.9M
Q1 24
$482.5M
$-31.7M
Total Assets
MUX
MUX
RIGL
RIGL
Q4 25
$820.2M
$513.6M
Q3 25
$747.6M
$242.5M
Q2 25
$735.6M
$206.7M
Q1 25
$730.6M
$176.0M
Q4 24
$664.6M
$164.0M
Q3 24
$667.8M
$139.4M
Q2 24
$645.1M
$128.4M
Q1 24
$638.7M
$126.5M
Debt / Equity
MUX
MUX
RIGL
RIGL
Q4 25
0.23×
0.13×
Q3 25
0.26×
0.51×
Q2 25
0.26×
0.73×
Q1 25
0.26×
3.23×
Q4 24
0.08×
18.25×
Q3 24
0.06×
Q2 24
0.07×
Q1 24
0.08×

Cash Flow & Capital Efficiency

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

Metric
MUX
MUX
RIGL
RIGL
Operating Cash FlowLast quarter
$3.1M
$22.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.08×
0.08×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MUX
MUX
RIGL
RIGL
Q4 25
$3.1M
$22.0M
Q3 25
$5.2M
$24.0M
Q2 25
$478.0K
$30.5M
Q1 25
$-1.9M
$-893.0K
Q4 24
$-1.2M
$14.5M
Q3 24
$23.2M
$21.7M
Q2 24
$3.6M
$302.0K
Q1 24
$3.9M
$-5.0M
Cash Conversion
MUX
MUX
RIGL
RIGL
Q4 25
0.08×
0.08×
Q3 25
0.86×
Q2 25
0.16×
0.51×
Q1 25
-0.08×
Q4 24
1.01×
Q3 24
1.75×
Q2 24
Q1 24

Financial Flow Comparison

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

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