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Side-by-side financial comparison of HELIOS TECHNOLOGIES, INC. (HLIO) and MultiSensor AI Holdings, Inc. (MSAI), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
HELIOS TECHNOLOGIES, INC. is the larger business by last-quarter revenue ($220.3M vs $1.4M, roughly 158.7× MultiSensor AI Holdings, Inc.). HELIOS TECHNOLOGIES, INC. runs the higher net margin — 4.7% vs -164.1%, a 168.8% gap on every dollar of revenue. On growth, HELIOS TECHNOLOGIES, INC. posted the faster year-over-year revenue change (13.3% vs -0.9%). HELIOS TECHNOLOGIES, INC. produced more free cash flow last quarter ($18.6M vs $-2.6M). Over the past eight quarters, HELIOS TECHNOLOGIES, INC.'s revenue compounded faster (4.6% CAGR vs -21.9%).
Helios and Matheson Analytics Inc. was a publicly traded data analytics company based in New York City, New York. The company became widely known during its final years for acquiring and subsequently operating MoviePass, which ultimately led to the company's bankruptcy.
Figure AI, Inc. is an American robotics company developing AI-powered humanoid robots. The company was founded in 2022 by Brett Adcock, also known for founding Archer Aviation and Vettery.
HLIO vs MSAI — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $220.3M | $1.4M |
| Net Profit | $10.3M | $-2.3M |
| Gross Margin | 33.1% | — |
| Operating Margin | 0.6% | -171.6% |
| Net Margin | 4.7% | -164.1% |
| Revenue YoY | 13.3% | -0.9% |
| Net Profit YoY | -9.6% | 23.7% |
| EPS (diluted) | $0.31 | $-0.02 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | — | $1.4M | ||
| Q3 25 | $220.3M | $1.6M | ||
| Q2 25 | $212.5M | $1.4M | ||
| Q1 25 | $195.5M | $1.2M | ||
| Q4 24 | $179.5M | $1.4M | ||
| Q3 24 | $194.5M | $1.6M | ||
| Q2 24 | $219.9M | $2.1M | ||
| Q1 24 | $212.0M | $2.3M |
| Q4 25 | — | $-2.3M | ||
| Q3 25 | $10.3M | $-1.7M | ||
| Q2 25 | $11.4M | $-3.3M | ||
| Q1 25 | $7.3M | $-4.4M | ||
| Q4 24 | $4.8M | $-3.0M | ||
| Q3 24 | $11.4M | $-8.2M | ||
| Q2 24 | $13.6M | $-6.4M | ||
| Q1 24 | $9.2M | $-3.9M |
| Q4 25 | — | — | ||
| Q3 25 | 33.1% | — | ||
| Q2 25 | 31.8% | — | ||
| Q1 25 | 30.6% | — | ||
| Q4 24 | 30.1% | — | ||
| Q3 24 | 31.1% | — | ||
| Q2 24 | 32.1% | — | ||
| Q1 24 | 31.7% | — |
| Q4 25 | — | -171.6% | ||
| Q3 25 | 0.6% | -107.6% | ||
| Q2 25 | 10.3% | -233.8% | ||
| Q1 25 | 8.7% | -394.6% | ||
| Q4 24 | 7.4% | -199.6% | ||
| Q3 24 | 11.4% | -541.5% | ||
| Q2 24 | 11.8% | -228.1% | ||
| Q1 24 | 9.6% | -112.7% |
| Q4 25 | — | -164.1% | ||
| Q3 25 | 4.7% | -106.5% | ||
| Q2 25 | 5.4% | -234.1% | ||
| Q1 25 | 3.7% | -379.1% | ||
| Q4 24 | 2.7% | -213.2% | ||
| Q3 24 | 5.9% | -511.5% | ||
| Q2 24 | 6.2% | -300.8% | ||
| Q1 24 | 4.3% | -172.4% |
| Q4 25 | — | $-0.02 | ||
| Q3 25 | $0.31 | $-0.05 | ||
| Q2 25 | $0.34 | $-0.10 | ||
| Q1 25 | $0.22 | $-0.14 | ||
| Q4 24 | $0.14 | $0.07 | ||
| Q3 24 | $0.34 | $-0.34 | ||
| Q2 24 | $0.41 | $-0.47 | ||
| Q1 24 | $0.28 | $-0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $54.9M | $24.4M |
| Total DebtLower is stronger | $420.0M | — |
| Stockholders' EquityBook value | $917.9M | $32.0M |
| Total Assets | $1.6B | $35.5M |
| Debt / EquityLower = less leverage | 0.46× | — |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $24.4M | ||
| Q3 25 | $54.9M | $1.1M | ||
| Q2 25 | $53.0M | $3.2M | ||
| Q1 25 | $45.9M | $4.7M | ||
| Q4 24 | $44.1M | $4.4M | ||
| Q3 24 | $46.7M | $8.6M | ||
| Q2 24 | $45.0M | $234.0K | ||
| Q1 24 | $37.3M | $491.0K |
| Q4 25 | — | — | ||
| Q3 25 | $420.0M | — | ||
| Q2 25 | $437.2M | — | ||
| Q1 25 | $446.7M | — | ||
| Q4 24 | $450.6M | — | ||
| Q3 24 | $484.7M | — | ||
| Q2 24 | $504.0M | $642.0K | ||
| Q1 24 | $521.8M | $2.8M |
| Q4 25 | — | $32.0M | ||
| Q3 25 | $917.9M | $8.3M | ||
| Q2 25 | $911.7M | $9.8M | ||
| Q1 25 | $881.2M | $12.9M | ||
| Q4 24 | $864.4M | $12.3M | ||
| Q3 24 | $885.5M | $15.6M | ||
| Q2 24 | $866.5M | $1.6M | ||
| Q1 24 | $856.6M | $1.4M |
| Q4 25 | — | $35.5M | ||
| Q3 25 | $1.6B | $11.9M | ||
| Q2 25 | $1.6B | $14.6M | ||
| Q1 25 | $1.5B | $16.4M | ||
| Q4 24 | $1.5B | $15.5M | ||
| Q3 24 | $1.6B | $18.9M | ||
| Q2 24 | $1.6B | $16.4M | ||
| Q1 24 | $1.6B | $14.1M |
| Q4 25 | — | — | ||
| Q3 25 | 0.46× | — | ||
| Q2 25 | 0.48× | — | ||
| Q1 25 | 0.51× | — | ||
| Q4 24 | 0.52× | — | ||
| Q3 24 | 0.55× | — | ||
| Q2 24 | 0.58× | 0.41× | ||
| Q1 24 | 0.61× | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $25.3M | $-2.2M |
| Free Cash FlowOCF − Capex | $18.6M | $-2.6M |
| FCF MarginFCF / Revenue | 8.4% | -187.3% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 3.0% | 26.2% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | 2.46× | — |
| TTM Free Cash FlowTrailing 4 quarters | $91.3M | $-9.7M |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | — | $-2.2M | ||
| Q3 25 | $25.3M | $-1.8M | ||
| Q2 25 | $37.0M | $-804.0K | ||
| Q1 25 | $19.0M | $-3.2M | ||
| Q4 24 | $35.7M | $-3.1M | ||
| Q3 24 | $34.8M | $-12.7M | ||
| Q2 24 | $33.8M | $-303.0K | ||
| Q1 24 | $17.8M | $492.0K |
| Q4 25 | — | $-2.6M | ||
| Q3 25 | $18.6M | $-2.1M | ||
| Q2 25 | $31.6M | $-1.3M | ||
| Q1 25 | $12.9M | $-3.6M | ||
| Q4 24 | $28.2M | $-4.1M | ||
| Q3 24 | $28.8M | $-13.2M | ||
| Q2 24 | $25.8M | $-844.0K | ||
| Q1 24 | $12.3M | $-79.0K |
| Q4 25 | — | -187.3% | ||
| Q3 25 | 8.4% | -136.1% | ||
| Q2 25 | 14.9% | -91.5% | ||
| Q1 25 | 6.6% | -308.6% | ||
| Q4 24 | 15.7% | -294.6% | ||
| Q3 24 | 14.8% | -823.2% | ||
| Q2 24 | 11.7% | -39.7% | ||
| Q1 24 | 5.8% | -3.5% |
| Q4 25 | — | 26.2% | ||
| Q3 25 | 3.0% | 21.5% | ||
| Q2 25 | 2.5% | 34.8% | ||
| Q1 25 | 3.1% | 37.2% | ||
| Q4 24 | 4.2% | 76.2% | ||
| Q3 24 | 3.1% | 30.5% | ||
| Q2 24 | 3.6% | 25.5% | ||
| Q1 24 | 2.6% | 25.1% |
| Q4 25 | — | — | ||
| Q3 25 | 2.46× | — | ||
| Q2 25 | 3.25× | — | ||
| Q1 25 | 2.60× | — | ||
| Q4 24 | 7.44× | — | ||
| Q3 24 | 3.05× | — | ||
| Q2 24 | 2.49× | — | ||
| Q1 24 | 1.93× | — |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
HLIO
| Hydraulics | $141.3M | 64% |
| Electronics | $79.0M | 36% |
MSAI
Segment breakdown not available.
