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Side-by-side financial comparison of Arbutus Biopharma Corp (ABUS) and MIDDLEFIELD BANC CORP (MBCN). Click either name above to swap in a different company.

MIDDLEFIELD BANC CORP is the larger business by last-quarter revenue ($19.9M vs $10.7M, roughly 1.9× Arbutus Biopharma Corp). MIDDLEFIELD BANC CORP runs the higher net margin — 26.7% vs 23.5%, a 3.3% gap on every dollar of revenue. On growth, Arbutus Biopharma Corp posted the faster year-over-year revenue change (522.2% vs 18.3%). Over the past eight quarters, MIDDLEFIELD BANC CORP's revenue compounded faster (13.7% CAGR vs -13.2%).

Arbutus Biopharma Corporation is a publicly traded Canadian biopharmaceutical company with an expertise in liposomal drug delivery and RNA interference, and is developing drugs for hepatitis B infection.

Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origins back to 1863 when it was first founded as the First National Bank of Cincinnati.

ABUS vs MBCN — Head-to-Head

Bigger by revenue
MBCN
MBCN
1.9× larger
MBCN
$19.9M
$10.7M
ABUS
Growing faster (revenue YoY)
ABUS
ABUS
+503.9% gap
ABUS
522.2%
18.3%
MBCN
Higher net margin
MBCN
MBCN
3.3% more per $
MBCN
26.7%
23.5%
ABUS
Faster 2-yr revenue CAGR
MBCN
MBCN
Annualised
MBCN
13.7%
-13.2%
ABUS

Income Statement — Q2 FY2025 vs Q3 FY2025

Metric
ABUS
ABUS
MBCN
MBCN
Revenue
$10.7M
$19.9M
Net Profit
$2.5M
$5.3M
Gross Margin
Operating Margin
13.9%
32.2%
Net Margin
23.5%
26.7%
Revenue YoY
522.2%
18.3%
Net Profit YoY
112.7%
127.4%
EPS (diluted)
$0.01
$0.65

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
ABUS
ABUS
MBCN
MBCN
Q3 25
$19.9M
Q2 25
$10.7M
$20.5M
Q1 25
$18.0M
Q4 24
$17.5M
Q3 24
$16.8M
Q2 24
$16.8M
Q1 24
$16.8M
Q4 23
$2.1M
$15.4M
Net Profit
ABUS
ABUS
MBCN
MBCN
Q3 25
$5.3M
Q2 25
$2.5M
$6.2M
Q1 25
$4.8M
Q4 24
$4.8M
Q3 24
$2.3M
Q2 24
$4.2M
Q1 24
$4.2M
Q4 23
$3.5M
Operating Margin
ABUS
ABUS
MBCN
MBCN
Q3 25
32.2%
Q2 25
13.9%
35.9%
Q1 25
31.9%
Q4 24
33.4%
Q3 24
16.1%
Q2 24
28.8%
Q1 24
29.4%
Q4 23
-967.2%
27.7%
Net Margin
ABUS
ABUS
MBCN
MBCN
Q3 25
26.7%
Q2 25
23.5%
30.0%
Q1 25
26.8%
Q4 24
27.8%
Q3 24
13.9%
Q2 24
24.7%
Q1 24
24.9%
Q4 23
23.0%
EPS (diluted)
ABUS
ABUS
MBCN
MBCN
Q3 25
$0.65
Q2 25
$0.01
$0.76
Q1 25
$0.60
Q4 24
$0.60
Q3 24
$0.29
Q2 24
$0.52
Q1 24
$0.51
Q4 23
$-0.12
$0.44

Balance Sheet & Financial Strength

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

Metric
ABUS
ABUS
MBCN
MBCN
Cash + ST InvestmentsLiquidity on hand
$37.4M
Total DebtLower is stronger
$0
Stockholders' EquityBook value
$83.0M
$224.1M
Total Assets
$103.3M
$2.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABUS
ABUS
MBCN
MBCN
Q3 25
Q2 25
$37.4M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
$126.0M
Total Debt
ABUS
ABUS
MBCN
MBCN
Q3 25
Q2 25
$0
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
$0
Stockholders' Equity
ABUS
ABUS
MBCN
MBCN
Q3 25
$224.1M
Q2 25
$83.0M
$216.1M
Q1 25
$213.8M
Q4 24
$210.6M
Q3 24
$210.7M
Q2 24
$206.8M
Q1 24
$205.6M
Q4 23
$106.0M
$205.7M
Total Assets
ABUS
ABUS
MBCN
MBCN
Q3 25
$2.0B
Q2 25
$103.3M
$1.9B
Q1 25
$1.9B
Q4 24
$1.9B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
Q4 23
$144.4M
$1.8B
Debt / Equity
ABUS
ABUS
MBCN
MBCN
Q3 25
Q2 25
0.00×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Q4 23
0.00×

Cash Flow & Capital Efficiency

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

Metric
ABUS
ABUS
MBCN
MBCN
Operating Cash FlowLast quarter
$-15.7M
$4.8M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
0.0%
7.2%
Cash ConversionOCF / Net Profit
-6.24×
0.91×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABUS
ABUS
MBCN
MBCN
Q3 25
$4.8M
Q2 25
$-15.7M
$4.8M
Q1 25
$8.0M
Q4 24
$17.5M
Q3 24
$6.0M
Q2 24
$3.4M
Q1 24
$5.4M
Q4 23
$-17.3M
$7.7M
Free Cash Flow
ABUS
ABUS
MBCN
MBCN
Q3 25
$3.4M
Q2 25
$4.2M
Q1 25
$7.7M
Q4 24
$16.7M
Q3 24
$5.8M
Q2 24
$3.3M
Q1 24
$5.3M
Q4 23
$7.7M
FCF Margin
ABUS
ABUS
MBCN
MBCN
Q3 25
17.0%
Q2 25
20.5%
Q1 25
42.9%
Q4 24
95.6%
Q3 24
34.7%
Q2 24
19.3%
Q1 24
31.9%
Q4 23
50.1%
Capex Intensity
ABUS
ABUS
MBCN
MBCN
Q3 25
7.2%
Q2 25
0.0%
3.0%
Q1 25
1.5%
Q4 24
4.4%
Q3 24
1.0%
Q2 24
0.6%
Q1 24
0.5%
Q4 23
0.0%
0.2%
Cash Conversion
ABUS
ABUS
MBCN
MBCN
Q3 25
0.91×
Q2 25
-6.24×
0.78×
Q1 25
1.66×
Q4 24
3.60×
Q3 24
2.57×
Q2 24
0.81×
Q1 24
1.31×
Q4 23
2.18×

Financial Flow Comparison

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

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