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Side-by-side financial comparison of MAXCYTE, INC. (MXCT) and UNITED GUARDIAN INC (UG). Click either name above to swap in a different company.

MAXCYTE, INC. is the larger business by last-quarter revenue ($4.8M vs $3.0M, roughly 1.6× UNITED GUARDIAN INC). On growth, UNITED GUARDIAN INC posted the faster year-over-year revenue change (19.6% vs -20.9%). UNITED GUARDIAN INC produced more free cash flow last quarter ($308.0K vs $-2.9M). Over the past eight quarters, UNITED GUARDIAN INC's revenue compounded faster (-4.6% CAGR vs -7.4%).

MaxCyte Inc. is a global biotechnology company focused on developing cell engineering platforms and enabling technologies for cell and gene therapy advancement. Its proprietary non-viral cell modification systems are widely used by pharmaceutical, biotech and life science research entities to develop immunotherapies, gene-edited treatments and next-generation biologic drugs from preclinical research through commercialization.

The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the world. Based in Manhattan, it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the Fortune 500 list of largest American corporations by revenue. In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billio...

MXCT vs UG — Head-to-Head

Bigger by revenue
MXCT
MXCT
1.6× larger
MXCT
$4.8M
$3.0M
UG
Growing faster (revenue YoY)
UG
UG
+40.5% gap
UG
19.6%
-20.9%
MXCT
More free cash flow
UG
UG
$3.2M more FCF
UG
$308.0K
$-2.9M
MXCT
Faster 2-yr revenue CAGR
UG
UG
Annualised
UG
-4.6%
-7.4%
MXCT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MXCT
MXCT
UG
UG
Revenue
$4.8M
$3.0M
Net Profit
$-9.6M
Gross Margin
45.0%
Operating Margin
-234.5%
24.4%
Net Margin
-200.5%
Revenue YoY
-20.9%
19.6%
Net Profit YoY
9.4%
EPS (diluted)

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
MXCT
MXCT
UG
UG
Q4 25
$4.8M
$3.0M
Q3 25
$4.6M
$2.3M
Q2 25
$5.8M
$2.8M
Q1 25
$5.7M
$2.5M
Q4 24
$6.1M
$2.5M
Q3 24
$5.6M
$3.1M
Q2 24
$5.0M
$3.4M
Q1 24
$5.6M
$3.3M
Net Profit
MXCT
MXCT
UG
UG
Q4 25
$-9.6M
Q3 25
$-12.4M
$268.4K
Q2 25
$-12.4M
$626.8K
Q1 25
$-10.3M
$560.9K
Q4 24
$-10.6M
Q3 24
$-11.6M
$865.5K
Q2 24
$-9.4M
$956.2K
Q1 24
$-9.5M
$925.4K
Gross Margin
MXCT
MXCT
UG
UG
Q4 25
45.0%
Q3 25
42.1%
Q2 25
52.8%
Q1 25
54.7%
Q4 24
51.7%
Q3 24
54.0%
Q2 24
54.0%
Q1 24
52.2%
Operating Margin
MXCT
MXCT
UG
UG
Q4 25
-234.5%
24.4%
Q3 25
-307.4%
9.5%
Q2 25
-244.3%
24.5%
Q1 25
-214.1%
24.6%
Q4 24
-213.1%
22.5%
Q3 24
-250.4%
31.0%
Q2 24
-241.0%
32.9%
Q1 24
-219.8%
31.5%
Net Margin
MXCT
MXCT
UG
UG
Q4 25
-200.5%
Q3 25
-269.7%
11.9%
Q2 25
-212.2%
22.1%
Q1 25
-178.7%
22.6%
Q4 24
-175.0%
Q3 24
-205.9%
28.3%
Q2 24
-188.8%
28.2%
Q1 24
-170.6%
28.4%
EPS (diluted)
MXCT
MXCT
UG
UG
Q4 25
Q3 25
$-0.12
Q2 25
$-0.12
Q1 25
Q4 24
Q3 24
$-0.11
Q2 24
$-0.09
Q1 24

Balance Sheet & Financial Strength

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

Metric
MXCT
MXCT
UG
UG
Cash + ST InvestmentsLiquidity on hand
$103.0M
$8.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$171.5M
$11.2M
Total Assets
$202.5M
$13.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXCT
MXCT
UG
UG
Q4 25
$103.0M
$8.6M
Q3 25
$105.7M
$8.3M
Q2 25
$126.6M
$8.4M
Q1 25
$138.3M
$8.1M
Q4 24
$154.5M
$9.4M
Q3 24
$153.8M
$9.5M
Q2 24
$157.3M
$9.9M
Q1 24
$157.5M
$8.6M
Stockholders' Equity
MXCT
MXCT
UG
UG
Q4 25
$171.5M
$11.2M
Q3 25
$180.3M
$10.6M
Q2 25
$190.7M
$11.5M
Q1 25
$199.4M
$10.8M
Q4 24
$206.3M
$11.9M
Q3 24
$213.3M
$11.4M
Q2 24
$221.3M
$12.1M
Q1 24
$226.4M
$11.2M
Total Assets
MXCT
MXCT
UG
UG
Q4 25
$202.5M
$13.1M
Q3 25
$213.5M
$12.2M
Q2 25
$219.8M
$13.4M
Q1 25
$230.0M
$12.8M
Q4 24
$239.5M
$13.8M
Q3 24
$248.6M
$13.3M
Q2 24
$251.5M
$13.8M
Q1 24
$257.9M
$13.0M

Cash Flow & Capital Efficiency

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

Metric
MXCT
MXCT
UG
UG
Operating Cash FlowLast quarter
$-2.7M
$330.5K
Free Cash FlowOCF − Capex
$-2.9M
$308.0K
FCF MarginFCF / Revenue
-61.0%
10.4%
Capex IntensityCapex / Revenue
4.8%
0.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-36.2M
$1.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXCT
MXCT
UG
UG
Q4 25
$-2.7M
$330.5K
Q3 25
$-7.5M
$1.0M
Q2 25
$-9.9M
$303.2K
Q1 25
$-14.4M
$322.1K
Q4 24
$-7.8M
$269.3K
Q3 24
$-4.4M
$1.2M
Q2 24
$-4.8M
$1.3M
Q1 24
$-10.6M
$644.1K
Free Cash Flow
MXCT
MXCT
UG
UG
Q4 25
$-2.9M
$308.0K
Q3 25
$-7.8M
$995.8K
Q2 25
$-10.4M
$285.6K
Q1 25
$-15.1M
$318.5K
Q4 24
$-8.0M
$-45.9K
Q3 24
$-4.8M
$1.2M
Q2 24
$-5.1M
$1.3M
Q1 24
$-11.4M
$622.2K
FCF Margin
MXCT
MXCT
UG
UG
Q4 25
-61.0%
10.4%
Q3 25
-168.5%
44.0%
Q2 25
-179.2%
10.1%
Q1 25
-262.3%
12.8%
Q4 24
-131.6%
-1.9%
Q3 24
-85.5%
39.2%
Q2 24
-103.3%
37.1%
Q1 24
-203.6%
19.1%
Capex Intensity
MXCT
MXCT
UG
UG
Q4 25
4.8%
0.8%
Q3 25
6.5%
0.7%
Q2 25
10.0%
0.6%
Q1 25
11.4%
0.1%
Q4 24
2.4%
12.7%
Q3 24
7.2%
1.0%
Q2 24
5.9%
1.9%
Q1 24
14.4%
0.7%
Cash Conversion
MXCT
MXCT
UG
UG
Q4 25
Q3 25
3.77×
Q2 25
0.48×
Q1 25
0.57×
Q4 24
Q3 24
1.42×
Q2 24
1.38×
Q1 24
0.70×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MXCT
MXCT

Products$4.2M87%
Other$634.0K13%

UG
UG

Pharmaceuticals$1.6M53%
Other$1.4M47%

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