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Side-by-side financial comparison of Agilent Technologies (A) and M&T Bank (MTB). Click either name above to swap in a different company.

M&T Bank is the larger business by last-quarter revenue ($2.5B vs $1.8B, roughly 1.4× Agilent Technologies). M&T Bank runs the higher net margin — 30.7% vs 17.0%, a 13.7% gap on every dollar of revenue. On growth, Agilent Technologies posted the faster year-over-year revenue change (7.0% vs 3.8%). Over the past eight quarters, Agilent Technologies's revenue compounded faster (6.9% CAGR vs 4.6%).

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. The Life Sciences and Applied Markets segment offers liquid chromatography systems and components; liquid chromatography mass spectrometry systems; gas chromatography systems and components; gas chromatography mass spectrometry systems; inductively coupled plasma mass spectrometry instruments; atomic absorption instruments; microwave plasma-atomic emissi...

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York. It operates 950+ branches in 12 states and Washington D.C. across the Eastern United States, from Maine to Virginia. Until May 1998, the bank's holding company was named First Empire State Corporation.

A vs MTB — Head-to-Head

Bigger by revenue
MTB
MTB
1.4× larger
MTB
$2.5B
$1.8B
A
Growing faster (revenue YoY)
A
A
+3.2% gap
A
7.0%
3.8%
MTB
Higher net margin
MTB
MTB
13.7% more per $
MTB
30.7%
17.0%
A
Faster 2-yr revenue CAGR
A
A
Annualised
A
6.9%
4.6%
MTB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
A
A
MTB
MTB
Revenue
$1.8B
$2.5B
Net Profit
$305.0M
$759.0M
Gross Margin
52.6%
Operating Margin
19.6%
39.2%
Net Margin
17.0%
30.7%
Revenue YoY
7.0%
3.8%
Net Profit YoY
-4.1%
11.5%
EPS (diluted)
$1.07
$4.62

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.

Revenue
A
A
MTB
MTB
Q1 26
$1.8B
Q4 25
$1.9B
$2.5B
Q3 25
$1.7B
$2.5B
Q2 25
$1.7B
$2.4B
Q1 25
$1.7B
$2.3B
Q4 24
$1.7B
$2.4B
Q3 24
$1.6B
$2.3B
Q2 24
$1.6B
$2.3B
Net Profit
A
A
MTB
MTB
Q1 26
$305.0M
Q4 25
$434.0M
$759.0M
Q3 25
$336.0M
$792.0M
Q2 25
$215.0M
$716.0M
Q1 25
$318.0M
$584.0M
Q4 24
$351.0M
$681.0M
Q3 24
$282.0M
$721.0M
Q2 24
$308.0M
$655.0M
Gross Margin
A
A
MTB
MTB
Q1 26
52.6%
Q4 25
53.2%
Q3 25
51.1%
Q2 25
51.9%
Q1 25
53.5%
Q4 24
53.9%
Q3 24
54.2%
Q2 24
54.4%
Operating Margin
A
A
MTB
MTB
Q1 26
19.6%
Q4 25
23.8%
39.2%
Q3 25
20.7%
40.8%
Q2 25
18.0%
39.0%
Q1 25
22.4%
33.0%
Q4 24
24.0%
37.0%
Q3 24
21.1%
39.0%
Q2 24
23.1%
37.1%
Net Margin
A
A
MTB
MTB
Q1 26
17.0%
Q4 25
23.3%
30.7%
Q3 25
19.3%
31.5%
Q2 25
12.9%
29.9%
Q1 25
18.9%
25.3%
Q4 24
20.6%
28.6%
Q3 24
17.9%
30.9%
Q2 24
19.6%
28.5%
EPS (diluted)
A
A
MTB
MTB
Q1 26
$1.07
Q4 25
$1.53
$4.62
Q3 25
$1.18
$4.82
Q2 25
$0.75
$4.24
Q1 25
$1.11
$3.32
Q4 24
$1.23
$3.87
Q3 24
$0.97
$4.02
Q2 24
$1.05
$3.73

Balance Sheet & Financial Strength

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

Metric
A
A
MTB
MTB
Cash + ST InvestmentsLiquidity on hand
$1.8B
Total DebtLower is stronger
$3.0B
$10.9B
Stockholders' EquityBook value
$6.9B
$29.2B
Total Assets
$12.8B
$213.5B
Debt / EquityLower = less leverage
0.44×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
A
A
MTB
MTB
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.5B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$1.3B
Q3 24
$1.8B
Q2 24
$1.7B
Total Debt
A
A
MTB
MTB
Q1 26
$3.0B
Q4 25
$3.0B
$10.9B
Q3 25
$3.4B
$12.9B
Q2 25
$3.3B
$12.4B
Q1 25
$3.3B
$10.5B
Q4 24
$3.3B
$12.6B
Q3 24
$2.1B
$11.6B
Q2 24
$2.1B
$11.3B
Stockholders' Equity
A
A
MTB
MTB
Q1 26
$6.9B
Q4 25
$6.7B
$29.2B
Q3 25
$6.4B
$28.7B
Q2 25
$6.1B
$28.5B
Q1 25
$6.0B
$29.0B
Q4 24
$5.9B
$29.0B
Q3 24
$5.9B
$28.9B
Q2 24
$6.2B
$28.4B
Total Assets
A
A
MTB
MTB
Q1 26
$12.8B
Q4 25
$12.7B
$213.5B
Q3 25
$12.2B
$211.3B
Q2 25
$12.2B
$211.6B
Q1 25
$11.9B
$210.3B
Q4 24
$11.8B
$208.1B
Q3 24
$11.0B
$211.8B
Q2 24
$10.9B
$208.9B
Debt / Equity
A
A
MTB
MTB
Q1 26
0.44×
Q4 25
0.45×
0.37×
Q3 25
0.53×
0.45×
Q2 25
0.55×
0.43×
Q1 25
0.56×
0.36×
Q4 24
0.57×
0.43×
Q3 24
0.36×
0.40×
Q2 24
0.34×
0.40×

Cash Flow & Capital Efficiency

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

Metric
A
A
MTB
MTB
Operating Cash FlowLast quarter
$268.0M
$3.0B
Free Cash FlowOCF − Capex
$175.0M
FCF MarginFCF / Revenue
9.7%
Capex IntensityCapex / Revenue
5.2%
Cash ConversionOCF / Net Profit
0.88×
3.96×
TTM Free Cash FlowTrailing 4 quarters
$993.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
A
A
MTB
MTB
Q1 26
$268.0M
Q4 25
$545.0M
$3.0B
Q3 25
$362.0M
$1.0B
Q2 25
$221.0M
$844.0M
Q1 25
$431.0M
$635.0M
Q4 24
$481.0M
$3.6B
Q3 24
$452.0M
$-28.0M
Q2 24
$333.0M
$1.4B
Free Cash Flow
A
A
MTB
MTB
Q1 26
$175.0M
Q4 25
$452.0M
Q3 25
$259.0M
Q2 25
$107.0M
Q1 25
$334.0M
Q4 24
$388.0M
Q3 24
$360.0M
Q2 24
$230.0M
FCF Margin
A
A
MTB
MTB
Q1 26
9.7%
Q4 25
24.3%
Q3 25
14.9%
Q2 25
6.4%
Q1 25
19.9%
Q4 24
22.8%
Q3 24
22.8%
Q2 24
14.6%
Capex Intensity
A
A
MTB
MTB
Q1 26
5.2%
Q4 25
5.0%
Q3 25
5.9%
Q2 25
6.8%
Q1 25
5.8%
Q4 24
5.5%
Q3 24
5.8%
Q2 24
6.5%
Cash Conversion
A
A
MTB
MTB
Q1 26
0.88×
Q4 25
1.26×
3.96×
Q3 25
1.08×
1.26×
Q2 25
1.03×
1.18×
Q1 25
1.36×
1.09×
Q4 24
1.37×
5.30×
Q3 24
1.60×
-0.04×
Q2 24
1.08×
2.07×

Financial Flow Comparison

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

Revenue Breakdown by Segment

A
A

Service Other$525.0M29%
Chemicaland Energy Market$422.0M23%
Agilent Cross Lab$273.0M15%
Environmentaland Forensics Market$177.0M10%
Food Market$166.0M9%
Academiaand Government Market$130.0M7%
Applied Markets$98.0M5%

MTB
MTB

Segment breakdown not available.

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