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Side-by-side financial comparison of AGENUS INC (AGEN) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $34.2M, roughly 1.8× AGENUS INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -31.0%, a 62.4% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 27.5%). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs 10.5%).

Agenus Inc. is a Lexington, Massachusetts-based biotechnology company focused on immunotherapy including immuno-oncology, a field that uses the immune system to control or cure cancer. The company is developing checkpoint modulators (CPMs), patient-specific anti-cancer vaccines, and adjuvants designed for use with various vaccines. CPM development is a particularly fast-moving field, since early products have produced unprecedented clinical benefits for patients.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

AGEN vs MPB — Head-to-Head

Bigger by revenue
MPB
MPB
1.8× larger
MPB
$62.0M
$34.2M
AGEN
Growing faster (revenue YoY)
MPB
MPB
+3.3% gap
MPB
30.8%
27.5%
AGEN
Higher net margin
MPB
MPB
62.4% more per $
MPB
31.4%
-31.0%
AGEN
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
10.5%
AGEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AGEN
AGEN
MPB
MPB
Revenue
$34.2M
$62.0M
Net Profit
$-10.6M
$19.4M
Gross Margin
Operating Margin
42.1%
43.6%
Net Margin
-31.0%
31.4%
Revenue YoY
27.5%
30.8%
Net Profit YoY
77.3%
47.0%
EPS (diluted)
$0.09
$0.83

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
AGEN
AGEN
MPB
MPB
Q4 25
$34.2M
$62.0M
Q3 25
$30.2M
$61.8M
Q2 25
$25.7M
$54.3M
Q1 25
$24.1M
$47.7M
Q4 24
$26.8M
$47.4M
Q3 24
$25.1M
$45.3M
Q2 24
$23.5M
$44.1M
Q1 24
$28.0M
$42.3M
Net Profit
AGEN
AGEN
MPB
MPB
Q4 25
$-10.6M
$19.4M
Q3 25
$63.9M
$18.3M
Q2 25
$-30.0M
$4.8M
Q1 25
$-26.4M
$13.7M
Q4 24
$-46.8M
$13.2M
Q3 24
$-67.2M
$12.3M
Q2 24
$-54.8M
$11.8M
Q1 24
$-63.5M
$12.1M
Gross Margin
AGEN
AGEN
MPB
MPB
Q4 25
Q3 25
97.9%
Q2 25
99.1%
Q1 25
99.4%
Q4 24
99.6%
Q3 24
99.4%
Q2 24
99.5%
Q1 24
99.6%
Operating Margin
AGEN
AGEN
MPB
MPB
Q4 25
42.1%
43.6%
Q3 25
-15.0%
39.3%
Q2 25
-65.0%
7.9%
Q1 25
-55.3%
35.2%
Q4 24
-96.5%
34.1%
Q3 24
-125.5%
32.8%
Q2 24
-128.4%
32.4%
Q1 24
-117.4%
34.8%
Net Margin
AGEN
AGEN
MPB
MPB
Q4 25
-31.0%
31.4%
Q3 25
211.4%
29.6%
Q2 25
-116.8%
8.8%
Q1 25
-109.6%
28.8%
Q4 24
-174.4%
27.9%
Q3 24
-267.7%
27.1%
Q2 24
-233.1%
26.7%
Q1 24
-226.6%
28.7%
EPS (diluted)
AGEN
AGEN
MPB
MPB
Q4 25
$0.09
$0.83
Q3 25
$1.94
$0.79
Q2 25
$-1.00
$0.22
Q1 25
$-1.03
$0.71
Q4 24
$-1.95
$0.72
Q3 24
$-3.08
$0.74
Q2 24
$-2.52
$0.71
Q1 24
$-3.04
$0.73

Balance Sheet & Financial Strength

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

Metric
AGEN
AGEN
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$3.0M
Total DebtLower is stronger
$44.7M
Stockholders' EquityBook value
$-271.1M
$814.1M
Total Assets
$226.8M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AGEN
AGEN
MPB
MPB
Q4 25
$3.0M
Q3 25
$3.5M
Q2 25
$9.5M
Q1 25
$18.5M
Q4 24
$40.4M
Q3 24
$44.8M
Q2 24
$93.7M
Q1 24
$52.9M
Total Debt
AGEN
AGEN
MPB
MPB
Q4 25
$44.7M
Q3 25
$34.2M
Q2 25
$33.9M
Q1 25
$33.6M
Q4 24
$33.2M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AGEN
AGEN
MPB
MPB
Q4 25
$-271.1M
$814.1M
Q3 25
$-274.1M
$796.3M
Q2 25
$-354.6M
$775.7M
Q1 25
$-341.8M
$667.9M
Q4 24
$-326.4M
$655.0M
Q3 24
$-292.3M
$573.1M
Q2 24
$-241.3M
$559.7M
Q1 24
$-201.4M
$551.0M
Total Assets
AGEN
AGEN
MPB
MPB
Q4 25
$226.8M
$6.1B
Q3 25
$233.9M
$6.3B
Q2 25
$185.2M
$6.4B
Q1 25
$200.2M
$5.5B
Q4 24
$226.3M
$5.5B
Q3 24
$238.5M
$5.5B
Q2 24
$292.4M
$5.4B
Q1 24
$256.6M
$5.3B

Cash Flow & Capital Efficiency

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

Metric
AGEN
AGEN
MPB
MPB
Operating Cash FlowLast quarter
$-16.6M
$80.0M
Free Cash FlowOCF − Capex
$71.8M
FCF MarginFCF / Revenue
115.8%
Capex IntensityCapex / Revenue
0.0%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AGEN
AGEN
MPB
MPB
Q4 25
$-16.6M
$80.0M
Q3 25
$-14.7M
$26.3M
Q2 25
$-20.2M
$29.0M
Q1 25
$-25.6M
$11.5M
Q4 24
$-28.7M
$51.4M
Q3 24
$-53.3M
$16.9M
Q2 24
$-38.2M
$18.0M
Q1 24
$-38.2M
$12.4M
Free Cash Flow
AGEN
AGEN
MPB
MPB
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$-20.2M
$27.2M
Q1 25
$-25.6M
$8.8M
Q4 24
$-28.7M
$44.5M
Q3 24
$-53.3M
$16.8M
Q2 24
$-38.6M
$17.7M
Q1 24
$-38.2M
$12.1M
FCF Margin
AGEN
AGEN
MPB
MPB
Q4 25
115.8%
Q3 25
39.4%
Q2 25
-78.7%
50.1%
Q1 25
-106.5%
18.4%
Q4 24
-107.0%
93.8%
Q3 24
-212.2%
37.1%
Q2 24
-164.4%
40.2%
Q1 24
-136.5%
28.5%
Capex Intensity
AGEN
AGEN
MPB
MPB
Q4 25
0.0%
13.3%
Q3 25
0.0%
3.1%
Q2 25
0.0%
3.2%
Q1 25
0.0%
5.7%
Q4 24
0.3%
14.6%
Q3 24
0.0%
0.0%
Q2 24
2.0%
0.7%
Q1 24
0.1%
0.8%
Cash Conversion
AGEN
AGEN
MPB
MPB
Q4 25
4.12×
Q3 25
-0.23×
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AGEN
AGEN

Non Cash Royalty Revenue$31.1M91%
Other$3.2M9%

MPB
MPB

Segment breakdown not available.

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