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Side-by-side financial comparison of Affinity Bancshares, Inc. (AFBI) and electroCore, Inc. (ECOR). Click either name above to swap in a different company.

electroCore, Inc. is the larger business by last-quarter revenue ($9.2M vs $8.6M, roughly 1.1× Affinity Bancshares, Inc.). Affinity Bancshares, Inc. runs the higher net margin — 24.9% vs -32.8%, a 57.7% gap on every dollar of revenue. On growth, electroCore, Inc. posted the faster year-over-year revenue change (31.2% vs 12.8%). Over the past eight quarters, electroCore, Inc.'s revenue compounded faster (30.3% CAGR vs 8.1%).

electroCore, Inc. is a medical technology company based in Basking Ridge, New Jersey. electroCore was co-founded in 2005 by JP Errico, Thomas J. Errico, MD, Charles Theofilos, MD, and Peter Staats, MD. The current chief executive officer is Daniel S. Goldberger. electroCore has one product called gammaCore, a non-invasive, commercially available product that uses vagus nerve stimulation.

AFBI vs ECOR — Head-to-Head

Bigger by revenue
ECOR
ECOR
1.1× larger
ECOR
$9.2M
$8.6M
AFBI
Growing faster (revenue YoY)
ECOR
ECOR
+18.4% gap
ECOR
31.2%
12.8%
AFBI
Higher net margin
AFBI
AFBI
57.7% more per $
AFBI
24.9%
-32.8%
ECOR
Faster 2-yr revenue CAGR
ECOR
ECOR
Annualised
ECOR
30.3%
8.1%
AFBI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AFBI
AFBI
ECOR
ECOR
Revenue
$8.6M
$9.2M
Net Profit
$2.1M
$-3.0M
Gross Margin
88.4%
Operating Margin
35.9%
-31.8%
Net Margin
24.9%
-32.8%
Revenue YoY
12.8%
31.2%
Net Profit YoY
58.5%
6.0%
EPS (diluted)
$0.34
$-0.34

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
AFBI
AFBI
ECOR
ECOR
Q4 25
$8.6M
$9.2M
Q3 25
$8.4M
$8.7M
Q2 25
$8.3M
$7.4M
Q1 25
$7.8M
$6.7M
Q4 24
$7.6M
$7.0M
Q3 24
$8.0M
$6.6M
Q2 24
$8.3M
$6.1M
Q1 24
$7.3M
$5.4M
Net Profit
AFBI
AFBI
ECOR
ECOR
Q4 25
$2.1M
$-3.0M
Q3 25
$2.2M
$-3.4M
Q2 25
$2.2M
$-3.7M
Q1 25
$1.8M
$-3.9M
Q4 24
$1.3M
$-3.2M
Q3 24
$1.7M
$-2.5M
Q2 24
$1.0M
$-2.7M
Q1 24
$1.3M
$-3.5M
Gross Margin
AFBI
AFBI
ECOR
ECOR
Q4 25
88.4%
Q3 25
86.0%
Q2 25
87.3%
Q1 25
84.9%
Q4 24
85.9%
Q3 24
83.8%
Q2 24
86.3%
Q1 24
83.7%
Operating Margin
AFBI
AFBI
ECOR
ECOR
Q4 25
35.9%
-31.8%
Q3 25
34.9%
-33.2%
Q2 25
34.1%
-47.5%
Q1 25
30.8%
-56.9%
Q4 24
21.1%
-43.6%
Q3 24
28.5%
-40.4%
Q2 24
16.2%
-42.2%
Q1 24
24.0%
-70.7%
Net Margin
AFBI
AFBI
ECOR
ECOR
Q4 25
24.9%
-32.8%
Q3 25
26.5%
-39.2%
Q2 25
25.9%
-49.7%
Q1 25
23.4%
-57.4%
Q4 24
17.7%
-45.8%
Q3 24
21.7%
-38.1%
Q2 24
12.5%
-43.2%
Q1 24
18.2%
-64.4%
EPS (diluted)
AFBI
AFBI
ECOR
ECOR
Q4 25
$0.34
$-0.34
Q3 25
$0.34
$-0.40
Q2 25
$0.33
$-0.44
Q1 25
$0.28
$-0.47
Q4 24
$0.21
$-0.37
Q3 24
$0.26
$-0.31
Q2 24
$0.16
$-0.38
Q1 24
$0.20
$-0.53

Balance Sheet & Financial Strength

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

Metric
AFBI
AFBI
ECOR
ECOR
Cash + ST InvestmentsLiquidity on hand
$53.9M
$11.6M
Total DebtLower is stronger
$7.8M
Stockholders' EquityBook value
$127.0M
$-1.7M
Total Assets
$881.7M
$18.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AFBI
AFBI
ECOR
ECOR
Q4 25
$53.9M
$11.6M
Q3 25
$84.8M
$13.0M
Q2 25
$89.7M
$7.1M
Q1 25
$74.7M
$7.8M
Q4 24
$41.4M
$12.2M
Q3 24
$52.3M
$12.9M
Q2 24
$50.4M
$14.2M
Q1 24
$61.4M
$7.8M
Total Debt
AFBI
AFBI
ECOR
ECOR
Q4 25
$7.8M
Q3 25
$7.8M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AFBI
AFBI
ECOR
ECOR
Q4 25
$127.0M
$-1.7M
Q3 25
$125.4M
$-1.1M
Q2 25
$124.1M
$1.1M
Q1 25
$122.3M
$4.4M
Q4 24
$129.1M
$7.5M
Q3 24
$128.4M
$9.5M
Q2 24
$125.1M
$11.5M
Q1 24
$123.3M
$4.5M
Total Assets
AFBI
AFBI
ECOR
ECOR
Q4 25
$881.7M
$18.7M
Q3 25
$925.2M
$21.4M
Q2 25
$933.8M
$14.6M
Q1 25
$912.5M
$16.0M
Q4 24
$866.8M
$20.5M
Q3 24
$878.6M
$21.0M
Q2 24
$873.6M
$22.4M
Q1 24
$869.5M
$13.9M

Cash Flow & Capital Efficiency

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

Metric
AFBI
AFBI
ECOR
ECOR
Operating Cash FlowLast quarter
$11.6M
$-1.5M
Free Cash FlowOCF − Capex
$11.2M
FCF MarginFCF / Revenue
130.9%
Capex IntensityCapex / Revenue
4.9%
0.0%
Cash ConversionOCF / Net Profit
5.46×
TTM Free Cash FlowTrailing 4 quarters
$20.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AFBI
AFBI
ECOR
ECOR
Q4 25
$11.6M
$-1.5M
Q3 25
$3.7M
$-1.7M
Q2 25
$3.8M
$-623.0K
Q1 25
$1.9M
$-4.4M
Q4 24
$6.8M
$-1.3M
Q3 24
$4.1M
$-1.4M
Q2 24
$619.0K
$-1.8M
Q1 24
$1.2M
$-2.6M
Free Cash Flow
AFBI
AFBI
ECOR
ECOR
Q4 25
$11.2M
Q3 25
$3.6M
$-1.7M
Q2 25
$3.7M
$-648.0K
Q1 25
$1.8M
$-4.4M
Q4 24
$6.4M
Q3 24
$4.0M
Q2 24
$489.0K
Q1 24
$1.1M
FCF Margin
AFBI
AFBI
ECOR
ECOR
Q4 25
130.9%
Q3 25
43.3%
-19.3%
Q2 25
44.0%
-8.8%
Q1 25
22.7%
-65.4%
Q4 24
83.9%
Q3 24
49.5%
Q2 24
5.9%
Q1 24
14.8%
Capex Intensity
AFBI
AFBI
ECOR
ECOR
Q4 25
4.9%
0.0%
Q3 25
0.8%
0.0%
Q2 25
1.4%
0.3%
Q1 25
1.9%
0.6%
Q4 24
5.6%
Q3 24
1.7%
Q2 24
1.6%
Q1 24
1.8%
Cash Conversion
AFBI
AFBI
ECOR
ECOR
Q4 25
5.46×
Q3 25
1.66×
Q2 25
1.75×
Q1 25
1.05×
Q4 24
5.05×
Q3 24
2.36×
Q2 24
0.60×
Q1 24
0.91×

Financial Flow Comparison

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

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