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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and FARMERS & MERCHANTS BANCORP INC (FMAO). Click either name above to swap in a different company.

FARMERS & MERCHANTS BANCORP INC is the larger business by last-quarter revenue ($32.5M vs $21.0M, roughly 1.5× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 30.2%, a 6.4% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs 21.0%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs 16.1%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

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...

ASM vs FMAO — Head-to-Head

Bigger by revenue
FMAO
FMAO
1.5× larger
FMAO
$32.5M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+23.0% gap
ASM
44.0%
21.0%
FMAO
Higher net margin
ASM
ASM
6.4% more per $
ASM
36.6%
30.2%
FMAO
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
16.1%
FMAO

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
FMAO
FMAO
Revenue
$21.0M
$32.5M
Net Profit
$7.7M
$9.8M
Gross Margin
47.1%
Operating Margin
39.5%
Net Margin
36.6%
30.2%
Revenue YoY
44.0%
21.0%
Net Profit YoY
558.9%
16.8%
EPS (diluted)
$0.05
$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
ASM
ASM
FMAO
FMAO
Q4 25
$32.5M
Q3 25
$21.0M
$31.3M
Q2 25
$21.8M
$29.6M
Q1 25
$18.8M
$28.1M
Q4 24
$26.8M
Q3 24
$14.6M
$25.5M
Q2 24
$14.8M
$25.1M
Q1 24
$12.4M
$24.1M
Net Profit
ASM
ASM
FMAO
FMAO
Q4 25
$9.8M
Q3 25
$7.7M
$8.9M
Q2 25
$2.9M
$7.7M
Q1 25
$5.6M
$7.0M
Q4 24
$8.4M
Q3 24
$1.2M
$6.5M
Q2 24
$1.2M
$5.7M
Q1 24
$599.0K
$5.4M
Gross Margin
ASM
ASM
FMAO
FMAO
Q4 25
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q4 24
Q3 24
39.1%
Q2 24
31.8%
Q1 24
18.9%
Operating Margin
ASM
ASM
FMAO
FMAO
Q4 25
39.5%
Q3 25
35.9%
Q2 25
32.7%
Q1 25
31.2%
Q4 24
39.2%
Q3 24
31.7%
Q2 24
28.5%
Q1 24
28.2%
Net Margin
ASM
ASM
FMAO
FMAO
Q4 25
30.2%
Q3 25
36.6%
28.3%
Q2 25
13.1%
26.0%
Q1 25
29.8%
24.8%
Q4 24
31.2%
Q3 24
8.0%
25.5%
Q2 24
8.4%
22.6%
Q1 24
4.8%
22.3%
EPS (diluted)
ASM
ASM
FMAO
FMAO
Q4 25
$0.72
Q3 25
$0.05
$0.64
Q2 25
$0.02
$0.56
Q1 25
$0.04
$0.51
Q4 24
$0.61
Q3 24
$0.01
$0.48
Q2 24
$0.01
$0.42
Q1 24
$0.00
$0.39

Balance Sheet & Financial Strength

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

Metric
ASM
ASM
FMAO
FMAO
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$370.9M
Total Assets
$221.9M
$3.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
FMAO
FMAO
Q4 25
Q3 25
$57.3M
Q2 25
$37.3M
Q1 25
$26.6M
Q4 24
Q3 24
$7.8M
Q2 24
$5.3M
Q1 24
$3.5M
Stockholders' Equity
ASM
ASM
FMAO
FMAO
Q4 25
$370.9M
Q3 25
$182.1M
$361.8M
Q2 25
$144.8M
$350.8M
Q1 25
$132.3M
$344.6M
Q4 24
$335.2M
Q3 24
$114.5M
$335.4M
Q2 24
$112.2M
$322.7M
Q1 24
$107.8M
$317.7M
Total Assets
ASM
ASM
FMAO
FMAO
Q4 25
$3.4B
Q3 25
$221.9M
$3.4B
Q2 25
$174.7M
$3.3B
Q1 25
$157.7M
$3.4B
Q4 24
$3.4B
Q3 24
$135.4M
$3.4B
Q2 24
$133.7M
$3.3B
Q1 24
$128.6M
$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
ASM
ASM
FMAO
FMAO
Operating Cash FlowLast quarter
$8.3M
$36.7M
Free Cash FlowOCF − Capex
$35.0M
FCF MarginFCF / Revenue
107.8%
Capex IntensityCapex / Revenue
5.4%
Cash ConversionOCF / Net Profit
1.08×
3.75×
TTM Free Cash FlowTrailing 4 quarters
$56.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
FMAO
FMAO
Q4 25
$36.7M
Q3 25
$8.3M
$11.2M
Q2 25
$8.3M
$1.1M
Q1 25
$758.0K
$11.0M
Q4 24
$32.5M
Q3 24
$4.1M
$18.7M
Q2 24
$1.1M
$9.7M
Q1 24
$2.3M
$1.5M
Free Cash Flow
ASM
ASM
FMAO
FMAO
Q4 25
$35.0M
Q3 25
$10.7M
Q2 25
$385.0K
Q1 25
$10.6M
Q4 24
$30.6M
Q3 24
$18.3M
Q2 24
$9.2M
Q1 24
$1.3M
FCF Margin
ASM
ASM
FMAO
FMAO
Q4 25
107.8%
Q3 25
34.3%
Q2 25
1.3%
Q1 25
37.8%
Q4 24
114.1%
Q3 24
71.7%
Q2 24
36.5%
Q1 24
5.3%
Capex Intensity
ASM
ASM
FMAO
FMAO
Q4 25
5.4%
Q3 25
1.5%
Q2 25
2.4%
Q1 25
1.4%
Q4 24
7.0%
Q3 24
1.4%
Q2 24
2.3%
Q1 24
0.9%
Cash Conversion
ASM
ASM
FMAO
FMAO
Q4 25
3.75×
Q3 25
1.08×
1.26×
Q2 25
2.92×
0.14×
Q1 25
0.13×
1.58×
Q4 24
3.87×
Q3 24
3.55×
2.86×
Q2 24
0.87×
1.71×
Q1 24
3.92×
0.28×

Financial Flow Comparison

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

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