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Side-by-side financial comparison of ACME UNITED CORP (ACU) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

MERCANTILE BANK CORP is the larger business by last-quarter revenue ($67.6M vs $52.3M, roughly 1.3× ACME UNITED CORP). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 1.9%, a 31.7% gap on every dollar of revenue. Over the past eight quarters, MERCANTILE BANK CORP's revenue compounded faster (9.1% CAGR vs -2.9%).

Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the NYSE American with symbol ACU.

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

ACU vs MBWM — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.3× larger
MBWM
$67.6M
$52.3M
ACU
Higher net margin
MBWM
MBWM
31.7% more per $
MBWM
33.6%
1.9%
ACU
Faster 2-yr revenue CAGR
MBWM
MBWM
Annualised
MBWM
9.1%
-2.9%
ACU

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ACU
ACU
MBWM
MBWM
Revenue
$52.3M
$67.6M
Net Profit
$985.0K
$22.7M
Gross Margin
39.7%
Operating Margin
3.3%
Net Margin
1.9%
33.6%
Revenue YoY
13.8%
Net Profit YoY
-40.4%
16.1%
EPS (diluted)
$0.24
$1.32

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
ACU
ACU
MBWM
MBWM
Q1 26
$52.3M
$67.6M
Q4 25
$47.5M
$62.1M
Q3 25
$49.1M
$62.4M
Q2 25
$54.0M
$60.9M
Q1 25
$46.0M
$57.3M
Q4 24
$45.9M
$58.5M
Q3 24
$48.2M
$58.0M
Q2 24
$55.4M
$56.8M
Net Profit
ACU
ACU
MBWM
MBWM
Q1 26
$985.0K
$22.7M
Q4 25
$1.9M
$22.8M
Q3 25
$1.9M
$23.8M
Q2 25
$4.8M
$22.6M
Q1 25
$1.7M
$19.5M
Q4 24
$1.7M
$19.6M
Q3 24
$2.2M
$19.6M
Q2 24
$4.5M
$18.8M
Gross Margin
ACU
ACU
MBWM
MBWM
Q1 26
39.7%
Q4 25
38.2%
Q3 25
39.1%
Q2 25
41.0%
Q1 25
39.0%
Q4 24
38.7%
Q3 24
38.5%
Q2 24
40.8%
Operating Margin
ACU
ACU
MBWM
MBWM
Q1 26
3.3%
Q4 25
6.1%
42.0%
Q3 25
6.1%
44.0%
Q2 25
11.8%
42.6%
Q1 25
5.3%
42.0%
Q4 24
5.0%
39.7%
Q3 24
6.1%
42.4%
Q2 24
11.5%
41.4%
Net Margin
ACU
ACU
MBWM
MBWM
Q1 26
1.9%
33.6%
Q4 25
3.9%
36.8%
Q3 25
3.9%
38.1%
Q2 25
8.8%
37.1%
Q1 25
3.6%
34.1%
Q4 24
3.7%
33.5%
Q3 24
4.6%
33.8%
Q2 24
8.0%
33.1%
EPS (diluted)
ACU
ACU
MBWM
MBWM
Q1 26
$0.24
$1.32
Q4 25
$0.46
$1.41
Q3 25
$0.46
$1.46
Q2 25
$1.16
$1.39
Q1 25
$0.41
$1.21
Q4 24
$0.43
$1.20
Q3 24
$0.54
$1.22
Q2 24
$1.09
$1.17

Balance Sheet & Financial Strength

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

Metric
ACU
ACU
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$4.2M
Total DebtLower is stronger
$33.0M
$1.5M
Stockholders' EquityBook value
$116.7M
$736.9M
Total Assets
$195.2M
$6.9B
Debt / EquityLower = less leverage
0.28×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACU
ACU
MBWM
MBWM
Q1 26
$4.2M
Q4 25
$3.6M
Q3 25
$5.1M
Q2 25
$3.6M
Q1 25
$3.4M
Q4 24
$6.4M
Q3 24
$5.7M
Q2 24
$3.8M
Total Debt
ACU
ACU
MBWM
MBWM
Q1 26
$33.0M
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ACU
ACU
MBWM
MBWM
Q1 26
$116.7M
$736.9M
Q4 25
$117.6M
$724.9M
Q3 25
$115.8M
$657.6M
Q2 25
$113.7M
$631.5M
Q1 25
$108.3M
$608.3M
Q4 24
$107.0M
$584.5M
Q3 24
$106.3M
$583.3M
Q2 24
$104.0M
$551.2M
Total Assets
ACU
ACU
MBWM
MBWM
Q1 26
$195.2M
$6.9B
Q4 25
$171.0M
$6.8B
Q3 25
$173.0M
$6.3B
Q2 25
$170.9M
$6.2B
Q1 25
$163.0M
$6.1B
Q4 24
$162.2M
$6.1B
Q3 24
$165.5M
$5.9B
Q2 24
$173.5M
$5.6B
Debt / Equity
ACU
ACU
MBWM
MBWM
Q1 26
0.28×
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACU
ACU

Segment breakdown not available.

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

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