MindForge Inc (MF) vs Research Frontiers Incorporated (REFR)
A side-by-side comparison of MindForge Inc and Research Frontiers Incorporated across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
MF
MindForge Inc
$11.80TechnologyDelayed quote: Oct 6, 2026, 3:55 PM EDT
REFR
Research Frontiers Incorporated
$0.72TechnologyDelayed quote: Oct 6, 2026, 3:54 PM EDT
Total return — MF vs REFR
growth of $100 · dividends reinvested · last 3yMF -99.1% (-79.4%/yr)REFR -46.5% (-18.8%/yr)REFR compounded faster over this window
Log scale — wide-divergence pair
MF REFR
MF vs REFR: by the numbers
- •REFR is the larger company ($25M vs $21M market cap).
- •Both run net losses; MF's is the smaller (-9.16% vs -343.85% net margin).
- •REFR grew revenue faster over the past five years (0.98% vs -13.58% CAGR).
Metrics side by side
Valuation
| Metric | MF | REFR |
|---|---|---|
| P/S ratio | N/A | 38.31 |
| P/B ratio | 0.58 | 22.32 |
Profitability
| Metric | MF | REFR |
|---|---|---|
| Gross margin | 0.85% | 86.55% |
| Operating margin | -10.47% | -190.16% |
| Net margin | -9.16% | -343.85% |
| ROE | -14.29% | -200.30% |
| ROIC | -15.60% | -110.32% |
Growth (annualized)
| Metric | MF | REFR |
|---|---|---|
| Revenue CAGR (5Y) | -13.58% | 0.98% |
| Total return CAGR (5Y) | N/A | -21.61% |
Frequently asked
- Which has grown faster, MF or REFR?
- Over the past five years, REFR grew revenue faster — MF at a -13.58% CAGR versus REFR at 0.98%.
Go deeper
Dig into the metrics
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.