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Side-by-side financial comparison of MAXLINEAR, INC (MXL) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
CPI Card Group Inc. is the larger business by last-quarter revenue ($153.1M vs $137.2M, roughly 1.1× MAXLINEAR, INC). CPI Card Group Inc. runs the higher net margin — 4.8% vs -32.9%, a 37.7% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (43.0% vs 22.3%). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (22.1% CAGR vs 16.9%).
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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
MXL vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $137.2M | $153.1M |
| Net Profit | $-45.1M | $7.3M |
| Gross Margin | 57.5% | 31.5% |
| Operating Margin | 30.0% | 12.0% |
| Net Margin | -32.9% | 4.8% |
| Revenue YoY | 43.0% | 22.3% |
| Net Profit YoY | -203.0% | 8.5% |
| EPS (diluted) | $-0.52 | $0.62 |
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.
| Q1 26 | $137.2M | — | ||
| Q4 25 | $136.4M | $153.1M | ||
| Q3 25 | $126.5M | $138.0M | ||
| Q2 25 | $108.8M | $129.8M | ||
| Q1 25 | $95.9M | $122.8M | ||
| Q4 24 | $92.2M | $125.1M | ||
| Q3 24 | $81.1M | $124.8M | ||
| Q2 24 | $92.0M | $118.8M |
| Q1 26 | $-45.1M | — | ||
| Q4 25 | $-14.9M | $7.3M | ||
| Q3 25 | $-45.5M | $2.3M | ||
| Q2 25 | $-26.6M | $518.0K | ||
| Q1 25 | $-49.7M | $4.8M | ||
| Q4 24 | $-57.8M | $6.8M | ||
| Q3 24 | $-75.8M | $1.3M | ||
| Q2 24 | $-39.3M | $6.0M |
| Q1 26 | 57.5% | — | ||
| Q4 25 | 57.6% | 31.5% | ||
| Q3 25 | 56.9% | 29.7% | ||
| Q2 25 | 56.5% | 30.9% | ||
| Q1 25 | 56.1% | 33.2% | ||
| Q4 24 | 55.6% | 34.1% | ||
| Q3 24 | 54.4% | 35.8% | ||
| Q2 24 | 54.6% | 35.7% |
| Q1 26 | 30.0% | — | ||
| Q4 25 | -10.9% | 12.0% | ||
| Q3 25 | -32.7% | 9.4% | ||
| Q2 25 | -22.6% | 7.3% | ||
| Q1 25 | -48.0% | 11.5% | ||
| Q4 24 | -44.7% | 12.7% | ||
| Q3 24 | -82.3% | 14.3% | ||
| Q2 24 | -44.4% | 12.5% |
| Q1 26 | -32.9% | — | ||
| Q4 25 | -10.9% | 4.8% | ||
| Q3 25 | -36.0% | 1.7% | ||
| Q2 25 | -24.4% | 0.4% | ||
| Q1 25 | -51.8% | 3.9% | ||
| Q4 24 | -62.8% | 5.4% | ||
| Q3 24 | -93.4% | 1.0% | ||
| Q2 24 | -42.7% | 5.1% |
| Q1 26 | $-0.52 | — | ||
| Q4 25 | $-0.17 | $0.62 | ||
| Q3 25 | $-0.52 | $0.19 | ||
| Q2 25 | $-0.31 | $0.04 | ||
| Q1 25 | $-0.58 | $0.40 | ||
| Q4 24 | $-0.68 | $0.56 | ||
| Q3 24 | $-0.90 | $0.11 | ||
| Q2 24 | $-0.47 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $61.1M | $21.7M |
| Total DebtLower is stronger | $123.8M | $286.7M |
| Stockholders' EquityBook value | $454.2M | $-17.3M |
| Total Assets | $771.3M | $403.2M |
| Debt / EquityLower = less leverage | 0.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $61.1M | — | ||
| Q4 25 | $72.8M | $21.7M | ||
| Q3 25 | $111.9M | $16.0M | ||
| Q2 25 | $108.6M | $17.1M | ||
| Q1 25 | $102.8M | $31.5M | ||
| Q4 24 | $118.6M | $33.5M | ||
| Q3 24 | $148.5M | $14.7M | ||
| Q2 24 | $185.1M | $7.5M |
| Q1 26 | $123.8M | — | ||
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M |
| Q1 26 | $454.2M | — | ||
| Q4 25 | $451.9M | $-17.3M | ||
| Q3 25 | $464.7M | $-25.7M | ||
| Q2 25 | $488.3M | $-29.0M | ||
| Q1 25 | $493.2M | $-29.7M | ||
| Q4 24 | $516.3M | $-35.6M | ||
| Q3 24 | $556.9M | $-42.8M | ||
| Q2 24 | $617.3M | $-44.6M |
| Q1 26 | $771.3M | — | ||
| Q4 25 | $796.4M | $403.2M | ||
| Q3 25 | $808.1M | $407.1M | ||
| Q2 25 | $863.7M | $399.8M | ||
| Q1 25 | $855.3M | $351.9M | ||
| Q4 24 | $864.6M | $349.7M | ||
| Q3 24 | $895.3M | $342.3M | ||
| Q2 24 | $973.2M | $321.4M |
| Q1 26 | 0.27× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $39.6M |
| Free Cash FlowOCF − Capex | — | $35.2M |
| FCF MarginFCF / Revenue | — | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $10.4M | $39.6M | ||
| Q3 25 | $10.1M | $10.0M | ||
| Q2 25 | $10.5M | $4.3M | ||
| Q1 25 | $-11.4M | $5.6M | ||
| Q4 24 | $-27.8M | $26.7M | ||
| Q3 24 | $-30.7M | $12.5M | ||
| Q2 24 | $-2.7M | $-4.8M |
| Q1 26 | — | — | ||
| Q4 25 | $6.7M | $35.2M | ||
| Q3 25 | $4.4M | $5.3M | ||
| Q2 25 | $9.3M | $533.0K | ||
| Q1 25 | $-13.4M | $292.0K | ||
| Q4 24 | $-30.0M | $21.6M | ||
| Q3 24 | $-34.9M | $11.1M | ||
| Q2 24 | $-5.7M | $-6.0M |
| Q1 26 | — | — | ||
| Q4 25 | 4.9% | 23.0% | ||
| Q3 25 | 3.5% | 3.8% | ||
| Q2 25 | 8.6% | 0.4% | ||
| Q1 25 | -14.0% | 0.2% | ||
| Q4 24 | -32.6% | 17.3% | ||
| Q3 24 | -43.0% | 8.9% | ||
| Q2 24 | -6.2% | -5.0% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 2.9% | ||
| Q3 25 | 4.5% | 3.4% | ||
| Q2 25 | 1.1% | 2.9% | ||
| Q1 25 | 2.1% | 4.3% | ||
| Q4 24 | 2.4% | 4.0% | ||
| Q3 24 | 5.1% | 1.2% | ||
| Q2 24 | 3.3% | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | — | 9.70× | ||
| Q2 24 | — | -0.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MXL
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
