$11.37

+0.12 (+1.07%)

Weekly Expected Move ±3.2%

$11 $11 $11 $12 $12

NASDAQ · Financial Services · Financial - Credit Services · Tech Score Strong Sell · Power 36 · $261.1M mcap · 16M float · 0.423% daily turnover · Short 46% of daily vol

Credit Risk of going bust: not rated, financial company (lending is its business) Bonds: none of note held by US funds details ▾

Not rated: lending and leverage are a financial company's business, which the model misreads.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

50.3 / 100

NoneWeakNarrowWide

Primary source: Cost Advantage · ROIC: 20.6% · 5Y Avg: 17.2%

Cost Advantage ★

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. MFIN shows a Weak competitive edge (50.3/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Cost Advantage. ROIC of 20.6% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$12

Low

$13

Avg Target

$13

High

Based on 2 analysts since Jul 29, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 4Hold: 5Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$12.63

Analysts2

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-10-14	Northland Securities	Mike Grondahl	Initiated	$13	—	+17.3%	$11.30
2026-10-02	Piper Sandler	Manuel Navas	$10	$12	+2	+0.7%	$11.92
2026-06-12	Piper Sandler	—	Initiated	$10	—	+7.0%	$9.81

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

B+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. MFIN receives an overall rating of B+. Strongest factors: P/E (4/5), P/B (4/5). Areas of concern: DCF (2/5), D/E (2/5).

Rating Change History

Date	From	To
2026-10-22	A-	B+
2026-10-01	B+	A-
2026-07-16	A-	B+
2026-05-11	B+	A-
2026-05-04	A-	B+
2026-04-29	A	A-
2026-04-16	A-	A
2026-04-10	A	A-
2026-04-08	A-	A
2026-01-03	B+	A-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 54 Grade A

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. MFIN scores highest in Cash Flow (91/100) and lowest in Growth (35/100). An overall grade of A places MFIN among the highest-quality companies in its peer group.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score

2.57

Grey Zone

Piotroski F-Score

6/9

✓ ✓ ✗ ✓ ✗ ✓ ✗ ✓ ✓

Beneish M-Score

-2.78

Unlikely Manipulator

Ohlson O-Score

-6.54

Bankruptcy prob: 0.1%

Low Risk

Credit Rating

A+

Score: 75.9/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 4.45x

Accruals: -4.1%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. MFIN scores 2.57, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. MFIN scores 6/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. MFIN's score of -2.78 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. MFIN's implied 0.1% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. MFIN receives an estimated rating of A+ (score: 75.9/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). MFIN's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

8.12x

PEG

-0.33x

P/S

0.76x

P/B

0.65x

P/FCF

1.55x

P/OCF

1.55x

EV/EBITDA

2.11x

EV/Revenue

0.92x

EV/EBIT

2.21x

EV/FCF

1.99x

Earnings Yield

14.47%

FCF Yield

64.36%

Shareholder Yield

7.84%

Graham Number

$23.58

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 8.1x earnings, MFIN trades at a deep value multiple. An earnings yield of 14.5% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $23.58 per share, suggesting a potential 107% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.541

NI / EBT

Interest Burden

0.461

EBT / EBIT

EBIT Margin

0.416

EBIT / Rev

Asset Turnover

0.114

Rev / Assets

Equity Multiplier

7.631

Assets / Equity

ROE

9.0%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. MFIN's ROE of 9.0% is driven by financial leverage (equity multiplier: 7.63x). Note: high leverage means ROE is amplified by debt rather than operational performance. A tax burden ratio of 0.54 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$12.56

Price/Value

0.81x

Margin of Safety

18.70%

Premium

-18.70%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with MFIN's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. MFIN trades at a -19% premium to its adjusted intrinsic value of $12.56, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 8.1x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$11.37

Median 1Y

$11.16

5th Pctile

$4.23

95th Pctile

$29.41

Ann. Volatility

57.4%

Analyst Target

$12.63

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Andrew M. Murstein President, Chief Operating Officer, and Director	$1,084,164	$—	$6,488,938
Alvin Murstein Chairman, Chief Executive Officer, and Director	$926,324	$—	$3,038,040
Donald S. Poulton Chief Executive Officer and President of Medallion Bank	$472,500	$—	$2,223,020
Anthony N. Cutrone Executive Vice President and Chief Financial Officer	$393,750	$—	$1,858,130
D. Justin Haley Executive Vice President and Chief Financial Officer of Medallion Bank	$342,507	$—	$1,260,201

CEO Pay Ratio

109:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $3,038,040

Avg Employee Cost (SGA/emp): $27,961

Employees: 179

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

179

+2.9% YoY

Revenue / Employee

$1,973,816

Rev: $353,313,000

Profit / Employee

$240,469

NI: $43,044,000

SGA / Employee

$27,961

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	16.7%	20.9%	20.8%	21.5%	18.0%	14.9%	16.5%	16.4%	17.4%	17.1%	15.2%	12.7%	11.6%	10.1%	10.4%	11.2%	11.7%	12.0%	10.0%	9.0%	9.01%
ROA	2.4%	3.1%	3.0%	3.0%	2.5%	2.1%	2.3%	2.2%	2.3%	2.3%	2.0%	1.6%	1.5%	1.3%	1.4%	1.5%	1.5%	1.6%	1.4%	1.2%	1.18%
ROIC	10.9%	14.0%	12.8%	12.9%	11.2%	11.1%	10.9%	11.4%	11.2%	12.5%	10.0%	9.0%	8.7%	7.5%	7.8%	10.4%	8.4%	15.7%	14.5%	20.6%	20.59%
ROCE	11.3%	13.6%	13.9%	14.1%	12.4%	10.9%	12.8%	12.7%	12.9%	12.7%	11.9%	10.5%	9.7%	9.0%	9.6%	2.6%	10.5%	3.7%	16.3%	4.6%	4.58%
Gross Margin	84.7%	81.6%	74.7%	68.9%	58.8%	61.6%	70.1%	60.6%	52.2%	57.0%	48.1%	41.6%	39.6%	45.8%	44.3%	44.4%	45.0%	96.9%	93.2%	92.8%	92.79%
Operating Margin	49.4%	51.1%	38.6%	38.2%	25.8%	37.8%	42.7%	35.4%	29.4%	32.5%	25.6%	18.4%	19.5%	22.2%	24.5%	23.7%	24.6%	48.0%	45.0%	46.8%	46.85%
Net Margin	34.4%	35.6%	23.5%	25.8%	16.0%	25.2%	28.2%	23.7%	17.0%	21.0%	14.3%	10.5%	11.9%	12.2%	14.5%	13.5%	14.2%	12.7%	6.1%	8.4%	8.38%
EBITDA Margin	52.0%	53.3%	42.5%	40.5%	29.1%	39.4%	45.1%	37.5%	31.5%	34.5%	27.5%	20.4%	21.8%	24.4%	27.0%	26.3%	27.1%	50.1%	46.2%	49.3%	49.31%
FCF Margin	51.4%	43.9%	44.7%	46.5%	48.9%	56.3%	55.1%	54.0%	53.4%	45.8%	44.3%	42.4%	38.4%	39.4%	39.1%	25.3%	36.9%	37.2%	38.8%	46.2%	46.18%
OCF Margin	51.4%	43.9%	44.7%	46.5%	48.9%	56.3%	55.1%	54.0%	53.4%	45.8%	44.3%	42.4%	38.4%	39.4%	39.1%	25.3%	36.9%	37.2%	38.8%	46.2%	46.18%
ROE 3Y Avg	snapshot only																				10.54%
ROE 5Y Avg	snapshot only																				13.46%
ROA 3Y Avg	snapshot only																				1.37%
ROIC 3Y Avg	snapshot only																				12.32%
ROIC Economic	snapshot only																				13.16%
Cash ROA	snapshot only																				5.00%
Cash ROIC	snapshot only																				33.52%
CROIC	snapshot only																				33.52%
NOPAT Margin	snapshot only																				28.37%
Pretax Margin	snapshot only																				19.19%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				-4.17%
SBC / Revenue	snapshot only																				1.64%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	4.02	2.26	3.28	2.30	2.86	3.26	3.17	3.24	2.77	3.90	3.52	3.97	4.54	6.00	5.30	5.34	5.48	5.44	5.32	6.91	8.121
P/S Ratio	1.01	0.68	0.99	0.69	0.73	0.74	0.76	0.76	0.64	0.87	0.66	0.62	0.65	0.73	0.66	0.70	0.75	0.74	0.62	0.72	0.756
P/B Ratio	0.62	0.43	0.62	0.46	0.49	0.47	0.51	0.51	0.45	0.63	0.50	0.48	0.50	0.58	0.53	0.57	0.61	0.62	0.51	0.61	0.649
P/FCF	1.97	1.55	2.21	1.49	1.50	1.31	1.38	1.41	1.20	1.89	1.50	1.47	1.70	1.86	1.68	2.75	2.02	2.00	1.60	1.55	1.554
P/OCF	1.97	1.55	2.21	1.49	1.50	1.31	1.38	1.41	1.20	1.89	1.50	1.47	1.70	1.86	1.68	2.75	2.02	2.00	1.60	1.55	1.554
EV/EBITDA	4.38	2.80	3.87	3.61	4.25	3.98	4.52	4.14	4.03	3.96	4.46	4.61	4.80	5.82	5.35	3.78	5.49	2.71	2.95	2.11	2.106
EV/Revenue	1.95	1.38	1.93	1.71	1.77	1.51	1.75	1.57	1.53	1.45	1.45	1.31	1.25	1.37	1.26	0.94	1.44	0.91	1.12	0.92	0.920
EV/EBIT	4.92	3.02	4.18	3.83	4.56	4.29	4.81	4.40	4.25	4.20	4.75	4.96	5.21	6.40	5.91	4.18	6.06	2.93	3.12	2.21	2.212
EV/FCF	3.79	3.14	4.32	3.67	3.63	2.68	3.19	2.91	2.87	3.18	3.28	3.09	3.25	3.49	3.23	3.73	3.89	2.44	2.89	1.99	1.993
Earnings Yield	24.8%	44.3%	30.5%	43.4%	35.0%	30.7%	31.5%	30.8%	36.1%	25.6%	28.4%	25.2%	22.0%	16.7%	18.9%	18.7%	18.2%	18.4%	18.8%	14.5%	14.47%
FCF Yield	50.8%	64.4%	45.3%	67.0%	66.6%	76.1%	72.3%	70.9%	83.0%	52.9%	66.8%	68.0%	58.7%	53.7%	59.5%	36.4%	49.6%	49.9%	62.5%	64.4%	64.36%
Price/Tangible Book	snapshot only																				1.041
EV/OCF	snapshot only																				1.993
EV/Gross Profit	snapshot only																				1.108
Acquirers Multiple	snapshot only																				2.212
Shareholder Yield	snapshot only																				7.84%
Graham Number	snapshot only																				$23.58

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	0.07	0.09	0.05	0.03	0.03	0.06	0.02	0.05	0.03	0.06	0.04	0.05	0.06	0.05	0.07	27.92	0.04	27.10	0.05	50.49	50.492
Quick Ratio	0.07	0.09	0.05	0.03	0.03	0.06	0.02	0.05	0.03	0.06	0.04	0.05	0.06	0.05	0.07	27.92	0.04	27.10	0.05	50.49	50.492
Debt/Equity	0.87	0.81	0.79	0.78	0.79	0.76	0.73	0.80	0.75	0.74	0.77	0.78	0.80	0.78	0.84	0.75	0.76	0.77	0.65	0.85	0.852
Net Debt/Equity	0.57	0.44	0.59	0.67	0.70	0.49	0.67	0.54	0.63	0.43	0.60	0.53	0.46	0.51	0.49	0.20	0.57	0.13	0.41	0.17	0.172
Debt/Assets	0.13	0.12	0.12	0.11	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.10	0.11	0.10	0.10	0.11	0.09	0.11	0.108
Debt/EBITDA	3.18	2.62	2.51	2.51	2.81	3.15	2.82	3.15	2.79	2.77	3.11	3.58	3.99	4.17	4.41	3.66	3.52	2.79	2.06	2.29	2.291
Net Debt/EBITDA	2.11	1.41	1.89	2.14	2.49	2.03	2.55	2.13	2.34	1.60	2.42	2.42	2.28	2.71	2.57	0.99	2.64	0.48	1.31	0.46	0.464
Interest Coverage	2.05	2.63	2.83	2.85	2.33	1.88	1.83	1.60	1.51	1.37	1.15	0.95	0.81	0.71	0.70	0.75	0.80	1.07	1.22	1.40	1.402
Equity Multiplier	6.76	6.53	6.71	7.18	7.56	7.49	7.68	7.90	7.79	7.54	7.50	7.80	7.95	7.75	7.49	7.39	7.30	7.23	7.23	7.87	7.866
Cash Ratio	snapshot only																				4.727
Debt Service Coverage	snapshot only																				1.473
Cash to Debt	snapshot only																				0.798
FCF to Debt	snapshot only																				0.461
Defensive Interval	snapshot only																				7509.0 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.10	0.10	0.10	0.10	0.10	0.09	0.10	0.09	0.10	0.10	0.11	0.10	0.10	0.11	0.11	0.11	0.11	0.12	0.12	0.11	0.114
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover (trade)	16.17	17.10	18.57	18.46	18.13	16.62	18.01	17.19	18.17	19.01	21.21	20.40	20.09	20.33	22.57	0.27	21.06	0.27	20.10	0.14	0.138
Payables Turnover	1.09	2.07	1.64	1.79	2.10	3.12	2.93	2.63	2.95	3.32	4.23	4.07	4.55	5.06	5.83	6.51	6.54	9.22	3.47	2.29	2.291
DSO (trade)	23	21	20	20	20	22	20	21	20	19	17	18	18	18	16	1329	17	1327	18	2638	2637.5 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	336	176	222	204	174	117	125	139	124	110	86	90	80	72	63	56	56	40	105	159	159.3 days
Cash Conversion Cycle (trade)	-313	-155	-202	-184	-154	-95	-104	-117	-104	-91	-69	-72	-62	-54	-46	1273	-38	1288	-87	2478	2478.2 days
Fixed Asset Turnover	snapshot only																				39.863
Cash Velocity	snapshot only																				1.252
Capital Intensity	snapshot only																				9.245

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	10.6%	18.4%	17.5%	20.8%	19.7%	7.8%	11.8%	10.0%	18.5%	28.7%	28.4%	27.1%	19.8%	18.0%	15.8%	17.9%	17.6%	15.9%	10.7%	7.8%	7.80%
Net Income	2.0%	2.6%	5.4%	37.1%	22.2%	-19.0%	-11.1%	-14.2%	7.1%	25.6%	0.8%	-15.0%	-25.6%	-34.9%	-23.9%	-2.0%	11.1%	29.8%	4.3%	-14.2%	-14.25%
EPS	2.0%	2.5%	5.3%	38.0%	29.9%	-11.1%	-2.9%	-8.3%	7.7%	20.1%	-2.6%	-17.2%	-25.8%	-34.8%	-24.3%	-4.1%	6.6%	25.4%	1.5%	-15.3%	-15.32%
FCF	30.8%	0.0%	-0.8%	6.1%	13.8%	38.1%	37.5%	27.9%	29.4%	4.6%	3.2%	-0.2%	-13.8%	1.5%	2.2%	-29.7%	13.2%	9.3%	9.9%	96.6%	96.61%
EBITDA	2.9%	4.0%	273.8%	3.1%	12.4%	-17.3%	-13.2%	-11.5%	7.9%	24.9%	7.8%	-4.9%	-18.0%	-24.2%	-16.0%	3.5%	18.5%	64.1%	78.3%	88.5%	88.54%
Op. Income	2.4%	3.2%	11.9%	5.4%	17.5%	-17.1%	-12.0%	-11.8%	9.7%	26.8%	7.7%	-5.9%	-20.2%	-26.8%	-19.1%	0.6%	16.6%	67.1%	86.2%	98.6%	98.57%
OCF Growth	snapshot only																				96.61%
Asset Growth	snapshot only																				10.89%
Equity Growth	snapshot only																				4.13%
Debt Growth	snapshot only																				18.05%
Shares Change	snapshot only																				1.26%
Dividend Growth	snapshot only																				13.42%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	32.1%	17.3%	9.5%	12.5%	13.0%	11.0%	13.6%	13.9%	16.2%	18.0%	19.1%	19.1%	19.4%	17.8%	18.5%	18.1%	18.7%	20.7%	18.1%	17.3%	17.33%
Revenue 5Y	26.0%	11.3%	14.0%	17.3%	19.6%	1.2%	1.3%	43.5%	26.8%	17.5%	13.5%	14.8%	15.4%	15.7%	16.9%	17.2%	17.2%	17.6%	16.7%	16.5%	16.50%
EPS 3Y	—	—	—	—	88.3%	—	—	—	—	—	—	2.1%	1.3%	-11.4%	-10.5%	-10.1%	-5.2%	-0.6%	-9.2%	-12.4%	-12.40%
EPS 5Y	11.2%	17.1%	24.4%	46.8%	66.8%	1.8%	—	—	—	—	—	—	39.8%	—	—	—	—	—	—	88.8%	88.84%
Net Income 3Y	—	—	—	—	85.5%	—	—	—	—	—	—	2.0%	-0.9%	-12.8%	-12.0%	-10.6%	-4.0%	2.0%	-7.2%	-10.6%	-10.61%
Net Income 5Y	12.0%	18.1%	25.6%	47.4%	66.0%	1.8%	—	—	—	—	—	—	38.4%	—	—	—	—	—	—	87.8%	87.82%
EBITDA 3Y	—	—	3.1%	97.8%	51.4%	95.1%	—	—	—	—	—	51.3%	-0.2%	-7.9%	-7.7%	-4.5%	1.6%	15.8%	17.3%	22.9%	22.90%
EBITDA 5Y	25.0%	4.8%	8.1%	11.1%	11.4%	—	—	—	—	—	1.3%	45.5%	25.2%	47.7%	—	—	—	—	—	46.6%	46.57%
Gross Profit 3Y	—	82.7%	61.9%	48.4%	36.5%	29.2%	35.8%	33.8%	70.1%	46.1%	29.1%	14.6%	-1.0%	-3.6%	-4.1%	-2.4%	1.7%	16.7%	21.7%	28.8%	28.76%
Gross Profit 5Y	27.3%	9.2%	12.6%	15.2%	16.0%	—	—	—	—	44.4%	32.5%	24.0%	18.7%	16.9%	19.8%	20.1%	38.7%	33.6%	29.3%	26.2%	26.19%
Op. Income 3Y	—	—	—	1.9%	71.9%	2.1%	—	—	—	—	—	74.8%	0.9%	-8.4%	-8.5%	-5.8%	0.7%	15.7%	17.5%	23.4%	23.43%
Op. Income 5Y	22.6%	3.4%	6.6%	10.0%	10.0%	—	—	—	—	—	—	84.0%	34.8%	93.2%	—	—	—	—	—	60.6%	60.58%
FCF 3Y	30.9%	0.2%	-0.6%	4.2%	5.7%	27.7%	25.0%	24.8%	24.4%	13.1%	12.1%	10.7%	8.3%	13.6%	13.2%	-3.5%	8.1%	5.1%	5.1%	11.3%	11.34%
FCF 5Y	5.1%	5.0%	-2.1%	-2.0%	38.7%	52.2%	1.1%	41.1%	27.0%	7.8%	6.9%	7.7%	5.7%	17.2%	15.6%	6.4%	13.5%	9.9%	9.6%	13.4%	13.39%
OCF 3Y	30.9%	0.2%	-0.6%	4.2%	5.7%	27.7%	25.0%	24.8%	24.4%	13.1%	12.1%	10.7%	8.3%	13.6%	13.2%	-3.5%	8.1%	5.1%	5.1%	11.3%	11.34%
OCF 5Y	5.1%	5.0%	-2.1%	-2.0%	38.7%	52.2%	1.1%	41.1%	27.0%	7.8%	6.9%	7.7%	5.7%	17.2%	15.6%	6.4%	13.5%	9.9%	9.6%	13.4%	13.39%
Assets 3Y	4.7%	10.7%	11.2%	12.5%	13.1%	13.6%	15.3%	15.1%	16.8%	16.4%	15.7%	16.6%	16.8%	15.3%	13.1%	10.9%	9.7%	9.4%	7.9%	8.2%	8.23%
Assets 5Y	23.0%	22.1%	23.8%	26.1%	27.0%	28.9%	30.7%	10.4%	10.2%	13.4%	12.9%	13.3%	13.6%	13.2%	13.2%	11.8%	12.6%	12.5%	11.8%	12.9%	12.92%
Equity 3Y	1.9%	3.0%	3.5%	4.4%	3.4%	4.7%	7.0%	8.8%	13.5%	14.0%	13.3%	12.2%	10.7%	8.8%	9.0%	9.9%	10.9%	10.6%	10.0%	8.4%	8.37%
Book Value 3Y	0.8%	2.3%	2.8%	4.4%	5.0%	7.4%	9.2%	11.3%	15.2%	15.1%	15.1%	14.5%	13.1%	10.6%	10.8%	10.5%	9.5%	7.8%	7.6%	6.2%	6.21%
Dividend 3Y	—	—	—	—	—	—	58.4%	26.1%	9.5%	1.7%	5.4%	8.5%	10.6%	8.6%	7.2%	5.9%	3.9%	2.6%	2.4%	2.6%	2.63%

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.91	0.89	0.95	0.97	0.98	0.88	0.91	0.95	0.99	0.95	0.87	0.91	0.94	0.92	0.95	0.95	0.97	0.97	0.98	0.98	0.978
Earnings Stability	0.00	0.01	0.13	0.35	0.33	0.39	0.67	0.79	0.65	0.67	0.72	0.66	0.44	0.44	0.54	0.52	0.41	0.32	0.20	0.10	0.096
Margin Stability	0.16	0.43	0.50	0.61	0.53	0.00	0.00	0.00	0.22	0.52	0.60	0.71	0.72	0.73	0.69	0.71	0.60	0.73	0.77	0.74	0.742
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	0.50	0.50	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.94	0.97	0.90	1.00	0.94	0.90	0.86	0.90	0.99	0.96	0.88	0.98	0.94	0.943
Earnings Smoothness	—	—	—	0.00	0.80	0.79	0.88	0.85	0.93	0.77	0.99	0.84	0.71	0.58	0.73	0.98	0.89	0.74	0.96	0.85	0.847
ROE Trend	0.23	0.27	0.25	0.22	0.19	0.13	0.09	0.05	0.00	-0.01	-0.03	-0.06	-0.06	-0.06	-0.05	-0.03	-0.03	-0.01	-0.02	-0.03	-0.026
Gross Margin Trend	0.52	0.44	0.41	0.30	0.21	0.10	0.03	-0.04	-0.16	-0.13	-0.19	-0.20	-0.19	-0.19	-0.17	-0.13	-0.09	0.08	0.23	0.36	0.364
FCF Margin Trend	-0.00	-0.01	-0.02	-0.00	0.01	0.08	0.06	0.04	0.03	-0.04	-0.06	-0.08	-0.13	-0.12	-0.11	-0.23	-0.09	-0.05	-0.03	0.12	0.123
Sustainable Growth Rate	16.7%	20.9%	20.1%	20.1%	15.9%	12.3%	14.0%	14.0%	15.0%	14.7%	12.6%	10.1%	8.9%	7.4%	7.7%	8.5%	8.9%	9.1%	7.2%	6.1%	6.06%
Internal Growth Rate	2.5%	3.2%	3.0%	2.9%	2.3%	1.8%	2.0%	1.9%	2.0%	2.0%	1.7%	1.3%	1.1%	1.0%	1.0%	1.1%	1.2%	1.2%	1.0%	0.8%	0.80%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	2.05	1.45	1.48	1.54	1.91	2.48	2.29	2.30	2.30	2.07	2.35	2.70	2.67	3.22	3.16	1.94	2.72	2.71	3.33	4.45	4.447
FCF/OCF	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
FCF/Net Income	snapshot only																				4.447
OCF/EBITDA	snapshot only																				1.057
CapEx/Revenue	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
CapEx/Depreciation	snapshot only																				0.000
Accruals Ratio	-0.03	-0.01	-0.01	-0.02	-0.02	-0.03	-0.03	-0.03	-0.03	-0.02	-0.03	-0.03	-0.02	-0.03	-0.03	-0.01	-0.03	-0.03	-0.03	-0.04	-0.041
Sloan Accruals	snapshot only																				0.144
Cash Flow Adequacy	snapshot only																				13.586
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	1.1%	2.9%	4.0%	5.3%	4.7%	4.5%	4.8%	3.6%	4.8%	5.2%	5.1%	4.4%	4.9%	4.6%	4.4%	4.3%	5.3%	4.7%	4.57%
Dividend/Share	$0.00	$0.00	$0.08	$0.16	$0.25	$0.33	$0.32	$0.32	$0.31	$0.32	$0.35	$0.37	$0.39	$0.40	$0.41	$0.43	$0.44	$0.45	$0.46	$0.48	$0.52
Payout Ratio	0.0%	0.0%	3.6%	6.7%	11.5%	17.2%	15.1%	14.6%	13.4%	14.0%	16.7%	20.6%	23.0%	26.2%	25.8%	24.4%	24.1%	23.6%	28.4%	32.7%	32.73%
FCF Payout Ratio	0.0%	0.0%	2.4%	4.3%	6.0%	6.9%	6.6%	6.3%	5.8%	6.8%	7.1%	7.6%	8.6%	8.1%	8.2%	12.6%	8.9%	8.7%	8.5%	7.4%	7.36%
Total Payout Ratio	0.0%	0.0%	4.7%	24.7%	48.9%	64.2%	55.6%	34.5%	16.8%	14.0%	21.0%	29.1%	34.5%	39.0%	33.8%	29.1%	26.3%	25.7%	29.5%	54.2%	54.15%
Div. Increase Streak	—	—	0	0	0	0	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	—	—	—	—	—	—	2.79	0.92	0.30	0.06	0.17	0.25	0.32	0.26	0.22	0.21	0.21	0.21	0.20	0.20	0.196
Buyback Yield	0.0%	0.0%	0.3%	7.9%	13.1%	14.4%	12.8%	6.2%	1.2%	0.0%	1.2%	2.1%	2.5%	2.1%	1.5%	0.9%	0.4%	0.4%	0.2%	3.1%	3.10%
Net Buyback Yield	-0.1%	-0.2%	0.2%	7.8%	13.1%	14.4%	12.6%	6.0%	0.9%	-0.2%	1.1%	2.1%	2.5%	2.1%	1.4%	0.8%	0.3%	0.3%	0.1%	3.0%	2.95%
Total Shareholder Return	-0.1%	-0.2%	1.3%	10.7%	17.1%	19.7%	17.3%	10.5%	5.8%	3.4%	5.9%	7.2%	7.6%	6.5%	6.3%	5.4%	4.7%	4.6%	5.4%	7.7%	7.69%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	0.63	0.66	0.65	0.68	0.66	0.65	0.66	0.66	0.64	0.64	0.62	0.59	0.60	0.57	0.58	0.58	0.57	0.58	0.55	0.54	0.541
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.76	0.59	0.46	0.461
EBIT Margin	0.40	0.46	0.46	0.45	0.39	0.35	0.36	0.36	0.36	0.35	0.31	0.26	0.24	0.21	0.21	0.23	0.24	0.31	0.36	0.42	0.416
Asset Turnover	0.10	0.10	0.10	0.10	0.10	0.09	0.10	0.09	0.10	0.10	0.11	0.10	0.10	0.11	0.11	0.11	0.11	0.12	0.12	0.11	0.114
Equity Multiplier	6.93	6.78	6.86	7.07	7.17	7.02	7.20	7.55	7.68	7.52	7.58	7.85	7.87	7.65	7.50	7.58	7.61	7.48	7.36	7.63	7.631

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$1.64	$2.17	$2.21	$2.40	$2.14	$1.93	$2.15	$2.20	$2.30	$2.32	$2.09	$1.82	$1.71	$1.51	$1.58	$1.74	$1.82	$1.89	$1.61	$1.48	$1.48
Book Value/Share	$10.69	$11.51	$11.69	$12.04	$12.38	$13.28	$13.33	$13.96	$14.04	$14.43	$14.69	$15.09	$15.45	$15.58	$15.91	$16.26	$16.26	$16.61	$16.63	$16.72	$21.81
Tangible Book/Share	$2.66	$4.52	$4.76	$4.93	$5.01	$5.67	$5.83	$6.43	$6.70	$7.22	$7.49	$7.82	$8.19	$8.43	$8.81	$9.20	$9.35	$9.76	$9.78	$9.81	$9.81
Revenue/Share	$6.55	$7.19	$7.33	$7.96	$8.33	$8.50	$8.95	$9.36	$9.93	$10.46	$11.11	$11.59	$11.87	$12.34	$12.80	$13.37	$13.39	$13.82	$13.79	$14.23	$14.91
FCF/Share	$3.37	$3.16	$3.28	$3.70	$4.07	$4.79	$4.93	$5.06	$5.30	$4.79	$4.92	$4.92	$4.55	$4.86	$5.00	$3.38	$4.95	$5.13	$5.35	$6.57	$6.88
OCF/Share	$3.37	$3.16	$3.28	$3.70	$4.07	$4.79	$4.93	$5.06	$5.30	$4.79	$4.92	$4.92	$4.55	$4.86	$5.00	$3.38	$4.95	$5.13	$5.35	$6.57	$6.88
Cash/Share	$3.13	$4.26	$2.27	$1.38	$1.12	$3.59	$0.91	$3.60	$1.70	$4.50	$2.47	$3.83	$5.27	$4.26	$5.56	$8.90	$3.06	$10.64	$3.92	$11.36	$11.91
EBITDA/Share	$2.91	$3.54	$3.67	$3.76	$3.48	$3.22	$3.47	$3.56	$3.77	$3.84	$3.62	$3.30	$3.09	$2.91	$3.02	$3.34	$3.51	$4.61	$5.24	$6.22	$6.22
Debt/Share	$9.25	$9.27	$9.20	$9.44	$9.79	$10.12	$9.78	$11.19	$10.51	$10.65	$11.24	$11.80	$12.32	$12.15	$13.32	$12.22	$12.35	$12.86	$10.81	$14.25	$14.25
Net Debt/Share	$6.12	$5.01	$6.93	$8.06	$8.67	$6.52	$8.88	$7.60	$8.81	$6.15	$8.77	$7.97	$7.05	$7.89	$7.76	$3.32	$9.28	$2.22	$6.89	$2.88	$2.88

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.572
Altman Z-Prime	snapshot only																				6.506
Piotroski F-Score	8	6	7	7	7	5	6	7	7	7	5	5	5	5	5	6	6	7	7	6	6
Beneish M-Score	-3.30	-2.37	-2.46	-2.13	-1.81	-2.03	-2.34	-2.27	-2.46	-2.51	-2.22	-2.28	-2.34	-2.22	-2.41	102.25	-2.48	109.07	-2.40	-2.78	-2.776
Ohlson O-Score	snapshot only																				-6.539
ROIC (Greenblatt)	snapshot only																				4.96%
Net-Net WC	snapshot only																				$10.68
EVA	snapshot only																				$50409394.44

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				A+
Credit Score	77.05	77.11	77.97	77.99	72.60	71.05	79.98	73.46	78.56	80.82	73.32	71.58	67.11	67.94	67.11	78.69	69.29	80.38	69.22	75.90	75.903
Credit Grade	snapshot only																				5
Credit Trend	snapshot only																				-2.786
Implied Spread (bps)	snapshot only																				125.000
Industry Credit Rank	snapshot only																				70
Sector Credit Rank	snapshot only																				70

MFIN NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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