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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

MAXLINEAR, INC is the larger business by last-quarter revenue ($137.2M vs $75.5M, roughly 1.8× PUMA BIOTECHNOLOGY, INC.). On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 27.7%). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 22.1%).

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

MXL vs PBYI — Head-to-Head

Bigger by revenue
MXL
MXL
1.8× larger
MXL
$137.2M
$75.5M
PBYI
Growing faster (revenue YoY)
MXL
MXL
+15.3% gap
MXL
43.0%
27.7%
PBYI
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
22.1%
MXL

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MXL
MXL
PBYI
PBYI
Revenue
$137.2M
$75.5M
Net Profit
$-45.1M
Gross Margin
57.5%
69.3%
Operating Margin
30.0%
22.7%
Net Margin
-32.9%
Revenue YoY
43.0%
27.7%
Net Profit YoY
-203.0%
EPS (diluted)
$-0.52
$0.26

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
MXL
MXL
PBYI
PBYI
Q1 26
$137.2M
Q4 25
$136.4M
$75.5M
Q3 25
$126.5M
$54.5M
Q2 25
$108.8M
$52.4M
Q1 25
$95.9M
$46.0M
Q4 24
$92.2M
$59.1M
Q3 24
$81.1M
$80.5M
Q2 24
$92.0M
$47.1M
Net Profit
MXL
MXL
PBYI
PBYI
Q1 26
$-45.1M
Q4 25
$-14.9M
Q3 25
$-45.5M
$8.8M
Q2 25
$-26.6M
$5.9M
Q1 25
$-49.7M
$3.0M
Q4 24
$-57.8M
Q3 24
$-75.8M
$20.3M
Q2 24
$-39.3M
$-4.5M
Gross Margin
MXL
MXL
PBYI
PBYI
Q1 26
57.5%
Q4 25
57.6%
69.3%
Q3 25
56.9%
77.7%
Q2 25
56.5%
76.5%
Q1 25
56.1%
77.1%
Q4 24
55.6%
76.4%
Q3 24
54.4%
63.9%
Q2 24
54.6%
77.4%
Operating Margin
MXL
MXL
PBYI
PBYI
Q1 26
30.0%
Q4 25
-10.9%
22.7%
Q3 25
-32.7%
17.6%
Q2 25
-22.6%
12.7%
Q1 25
-48.0%
8.7%
Q4 24
-44.7%
22.6%
Q3 24
-82.3%
27.4%
Q2 24
-44.4%
-4.6%
Net Margin
MXL
MXL
PBYI
PBYI
Q1 26
-32.9%
Q4 25
-10.9%
Q3 25
-36.0%
16.2%
Q2 25
-24.4%
11.2%
Q1 25
-51.8%
6.5%
Q4 24
-62.8%
Q3 24
-93.4%
25.2%
Q2 24
-42.7%
-9.6%
EPS (diluted)
MXL
MXL
PBYI
PBYI
Q1 26
$-0.52
Q4 25
$-0.17
$0.26
Q3 25
$-0.52
$0.17
Q2 25
$-0.31
$0.12
Q1 25
$-0.58
$0.06
Q4 24
$-0.68
$0.40
Q3 24
$-0.90
$0.41
Q2 24
$-0.47
$-0.09

Balance Sheet & Financial Strength

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

Metric
MXL
MXL
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$61.1M
$97.5M
Total DebtLower is stronger
$123.8M
$22.7M
Stockholders' EquityBook value
$454.2M
$130.3M
Total Assets
$771.3M
$216.3M
Debt / EquityLower = less leverage
0.27×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MXL
MXL
PBYI
PBYI
Q1 26
$61.1M
Q4 25
$72.8M
$97.5M
Q3 25
$111.9M
$94.4M
Q2 25
$108.6M
$96.0M
Q1 25
$102.8M
$93.2M
Q4 24
$118.6M
$101.0M
Q3 24
$148.5M
$96.7M
Q2 24
$185.1M
$96.8M
Total Debt
MXL
MXL
PBYI
PBYI
Q1 26
$123.8M
Q4 25
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Stockholders' Equity
MXL
MXL
PBYI
PBYI
Q1 26
$454.2M
Q4 25
$451.9M
$130.3M
Q3 25
$464.7M
$115.3M
Q2 25
$488.3M
$104.7M
Q1 25
$493.2M
$97.1M
Q4 24
$516.3M
$92.1M
Q3 24
$556.9M
$71.1M
Q2 24
$617.3M
$48.5M
Total Assets
MXL
MXL
PBYI
PBYI
Q1 26
$771.3M
Q4 25
$796.4M
$216.3M
Q3 25
$808.1M
$202.9M
Q2 25
$863.7M
$194.9M
Q1 25
$855.3M
$196.2M
Q4 24
$864.6M
$213.3M
Q3 24
$895.3M
$220.7M
Q2 24
$973.2M
$205.0M
Debt / Equity
MXL
MXL
PBYI
PBYI
Q1 26
0.27×
Q4 25
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
0.74×
Q3 24
1.12×
Q2 24
1.87×

Cash Flow & Capital Efficiency

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

Metric
MXL
MXL
PBYI
PBYI
Operating Cash FlowLast quarter
$14.4M
Free Cash FlowOCF − Capex
$14.4M
FCF MarginFCF / Revenue
19.1%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MXL
MXL
PBYI
PBYI
Q1 26
Q4 25
$10.4M
$14.4M
Q3 25
$10.1M
$9.7M
Q2 25
$10.5M
$14.1M
Q1 25
$-11.4M
$3.6M
Q4 24
$-27.8M
$15.6M
Q3 24
$-30.7M
$11.0M
Q2 24
$-2.7M
$1.0M
Free Cash Flow
MXL
MXL
PBYI
PBYI
Q1 26
Q4 25
$6.7M
$14.4M
Q3 25
$4.4M
$9.7M
Q2 25
$9.3M
$14.1M
Q1 25
$-13.4M
$3.6M
Q4 24
$-30.0M
$15.6M
Q3 24
$-34.9M
$11.0M
Q2 24
$-5.7M
$1.0M
FCF Margin
MXL
MXL
PBYI
PBYI
Q1 26
Q4 25
4.9%
19.1%
Q3 25
3.5%
17.7%
Q2 25
8.6%
26.8%
Q1 25
-14.0%
7.7%
Q4 24
-32.6%
26.4%
Q3 24
-43.0%
13.7%
Q2 24
-6.2%
2.1%
Capex Intensity
MXL
MXL
PBYI
PBYI
Q1 26
Q4 25
2.7%
0.0%
Q3 25
4.5%
0.0%
Q2 25
1.1%
0.0%
Q1 25
2.1%
0.1%
Q4 24
2.4%
0.0%
Q3 24
5.1%
0.0%
Q2 24
3.3%
0.0%
Cash Conversion
MXL
MXL
PBYI
PBYI
Q1 26
Q4 25
Q3 25
1.10×
Q2 25
2.41×
Q1 25
1.21×
Q4 24
Q3 24
0.54×
Q2 24

Financial Flow Comparison

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

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