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Side-by-side financial comparison of American Outdoor Brands, Inc. (AOUT) and FARMERS & MERCHANTS BANCORP INC (FMAO). Click either name above to swap in a different company.

American Outdoor Brands, Inc. is the larger business by last-quarter revenue ($57.2M vs $32.5M, roughly 1.8× FARMERS & MERCHANTS BANCORP INC). FARMERS & MERCHANTS BANCORP INC runs the higher net margin — 30.2% vs 3.6%, a 26.5% gap on every dollar of revenue. On growth, FARMERS & MERCHANTS BANCORP INC posted the faster year-over-year revenue change (21.0% vs -5.0%). FARMERS & MERCHANTS BANCORP INC produced more free cash flow last quarter ($35.0M vs $-14.1M). Over the past eight quarters, FARMERS & MERCHANTS BANCORP INC's revenue compounded faster (16.1% CAGR vs 3.5%).

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

AOUT vs FMAO — Head-to-Head

Bigger by revenue
AOUT
AOUT
1.8× larger
AOUT
$57.2M
$32.5M
FMAO
Growing faster (revenue YoY)
FMAO
FMAO
+26.0% gap
FMAO
21.0%
-5.0%
AOUT
Higher net margin
FMAO
FMAO
26.5% more per $
FMAO
30.2%
3.6%
AOUT
More free cash flow
FMAO
FMAO
$49.1M more FCF
FMAO
$35.0M
$-14.1M
AOUT
Faster 2-yr revenue CAGR
FMAO
FMAO
Annualised
FMAO
16.1%
3.5%
AOUT

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AOUT
AOUT
FMAO
FMAO
Revenue
$57.2M
$32.5M
Net Profit
$2.1M
$9.8M
Gross Margin
45.6%
Operating Margin
3.7%
39.5%
Net Margin
3.6%
30.2%
Revenue YoY
-5.0%
21.0%
Net Profit YoY
-33.3%
16.8%
EPS (diluted)
$0.16
$0.72

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
AOUT
AOUT
FMAO
FMAO
Q4 25
$57.2M
$32.5M
Q3 25
$29.7M
$31.3M
Q2 25
$61.9M
$29.6M
Q1 25
$58.5M
$28.1M
Q4 24
$60.2M
$26.8M
Q3 24
$41.6M
$25.5M
Q2 24
$46.3M
$25.1M
Q1 24
$53.4M
$24.1M
Net Profit
AOUT
AOUT
FMAO
FMAO
Q4 25
$2.1M
$9.8M
Q3 25
$-6.8M
$8.9M
Q2 25
$-992.0K
$7.7M
Q1 25
$169.0K
$7.0M
Q4 24
$3.1M
$8.4M
Q3 24
$-2.4M
$6.5M
Q2 24
$-5.3M
$5.7M
Q1 24
$-2.9M
$5.4M
Gross Margin
AOUT
AOUT
FMAO
FMAO
Q4 25
45.6%
Q3 25
46.7%
Q2 25
40.9%
Q1 25
44.7%
Q4 24
48.0%
Q3 24
45.4%
Q2 24
41.9%
Q1 24
42.7%
Operating Margin
AOUT
AOUT
FMAO
FMAO
Q4 25
3.7%
39.5%
Q3 25
-23.0%
35.9%
Q2 25
-1.5%
32.7%
Q1 25
0.5%
31.2%
Q4 24
5.1%
39.2%
Q3 24
-6.2%
31.7%
Q2 24
-11.9%
28.5%
Q1 24
-5.4%
28.2%
Net Margin
AOUT
AOUT
FMAO
FMAO
Q4 25
3.6%
30.2%
Q3 25
-23.0%
28.3%
Q2 25
-1.6%
26.0%
Q1 25
0.3%
24.8%
Q4 24
5.2%
31.2%
Q3 24
-5.7%
25.5%
Q2 24
-11.5%
22.6%
Q1 24
-5.4%
22.3%
EPS (diluted)
AOUT
AOUT
FMAO
FMAO
Q4 25
$0.16
$0.72
Q3 25
$-0.54
$0.64
Q2 25
$-0.08
$0.56
Q1 25
$0.01
$0.51
Q4 24
$0.24
$0.61
Q3 24
$-0.18
$0.48
Q2 24
$-0.41
$0.42
Q1 24
$-0.23
$0.39

Balance Sheet & Financial Strength

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

Metric
AOUT
AOUT
FMAO
FMAO
Cash + ST InvestmentsLiquidity on hand
$3.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$170.4M
$370.9M
Total Assets
$240.9M
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOUT
AOUT
FMAO
FMAO
Q4 25
$3.1M
Q3 25
$17.8M
Q2 25
$23.4M
Q1 25
$17.1M
Q4 24
$14.2M
Q3 24
$23.5M
Q2 24
$29.7M
Q1 24
$15.9M
Stockholders' Equity
AOUT
AOUT
FMAO
FMAO
Q4 25
$170.4M
$370.9M
Q3 25
$167.8M
$361.8M
Q2 25
$177.6M
$350.8M
Q1 25
$178.7M
$344.6M
Q4 24
$178.9M
$335.2M
Q3 24
$175.7M
$335.4M
Q2 24
$177.9M
$322.7M
Q1 24
$182.4M
$317.7M
Total Assets
AOUT
AOUT
FMAO
FMAO
Q4 25
$240.9M
$3.4B
Q3 25
$241.9M
$3.4B
Q2 25
$246.4M
$3.3B
Q1 25
$245.9M
$3.4B
Q4 24
$254.1M
$3.4B
Q3 24
$244.8M
$3.4B
Q2 24
$240.6M
$3.3B
Q1 24
$239.1M
$3.3B

Cash Flow & Capital Efficiency

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

Metric
AOUT
AOUT
FMAO
FMAO
Operating Cash FlowLast quarter
$-13.3M
$36.7M
Free Cash FlowOCF − Capex
$-14.1M
$35.0M
FCF MarginFCF / Revenue
-24.6%
107.8%
Capex IntensityCapex / Revenue
1.3%
5.4%
Cash ConversionOCF / Net Profit
-6.41×
3.75×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M
$56.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOUT
AOUT
FMAO
FMAO
Q4 25
$-13.3M
$36.7M
Q3 25
$-1.7M
$11.2M
Q2 25
$7.8M
$1.1M
Q1 25
$5.9M
$11.0M
Q4 24
$-7.9M
$32.5M
Q3 24
$-4.4M
$18.7M
Q2 24
$14.7M
$9.7M
Q1 24
$13.0M
$1.5M
Free Cash Flow
AOUT
AOUT
FMAO
FMAO
Q4 25
$-14.1M
$35.0M
Q3 25
$-2.0M
$10.7M
Q2 25
$7.2M
$385.0K
Q1 25
$4.2M
$10.6M
Q4 24
$-8.0M
$30.6M
Q3 24
$-5.2M
$18.3M
Q2 24
$14.2M
$9.2M
Q1 24
$9.7M
$1.3M
FCF Margin
AOUT
AOUT
FMAO
FMAO
Q4 25
-24.6%
107.8%
Q3 25
-6.7%
34.3%
Q2 25
11.6%
1.3%
Q1 25
7.2%
37.8%
Q4 24
-13.3%
114.1%
Q3 24
-12.5%
71.7%
Q2 24
30.6%
36.5%
Q1 24
18.2%
5.3%
Capex Intensity
AOUT
AOUT
FMAO
FMAO
Q4 25
1.3%
5.4%
Q3 25
1.0%
1.5%
Q2 25
0.9%
2.4%
Q1 25
2.9%
1.4%
Q4 24
0.1%
7.0%
Q3 24
2.0%
1.4%
Q2 24
1.1%
2.3%
Q1 24
6.2%
0.9%
Cash Conversion
AOUT
AOUT
FMAO
FMAO
Q4 25
-6.41×
3.75×
Q3 25
1.26×
Q2 25
0.14×
Q1 25
34.86×
1.58×
Q4 24
-2.55×
3.87×
Q3 24
2.86×
Q2 24
1.71×
Q1 24
0.28×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AOUT
AOUT

Traditional Channels Net Sales$36.8M64%
E Commerce Channels Net Sales$20.4M36%

FMAO
FMAO

Segment breakdown not available.

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