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Side-by-side financial comparison of Anterix Inc. (ATEX) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.

Marathon Bancorp, Inc. is the larger business by last-quarter revenue ($2.2M vs $1.6M, roughly 1.4× Anterix Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -419.6%, a 442.0% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs 0.4%). Marathon Bancorp, Inc. produced more free cash flow last quarter ($1.4M vs $-8.3M). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs 11.7%).

Anterix Inc. is a U.S.-headquartered wireless communications company that owns licensed 900 MHz spectrum assets, providing secure, dedicated private broadband network solutions for critical infrastructure operators including electric utilities, public safety agencies, and transportation providers. Its primary market is North America, supporting clients requiring highly reliable connectivity for mission-critical operations.

Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.

ATEX vs MBBC — Head-to-Head

Bigger by revenue
MBBC
MBBC
1.4× larger
MBBC
$2.2M
$1.6M
ATEX
Growing faster (revenue YoY)
MBBC
MBBC
+41.2% gap
MBBC
41.7%
0.4%
ATEX
Higher net margin
MBBC
MBBC
442.0% more per $
MBBC
22.3%
-419.6%
ATEX
More free cash flow
MBBC
MBBC
$9.7M more FCF
MBBC
$1.4M
$-8.3M
ATEX
Faster 2-yr revenue CAGR
MBBC
MBBC
Annualised
MBBC
20.3%
11.7%
ATEX

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
ATEX
ATEX
MBBC
MBBC
Revenue
$1.6M
$2.2M
Net Profit
$-6.6M
$501.4K
Gross Margin
Operating Margin
-576.0%
26.2%
Net Margin
-419.6%
22.3%
Revenue YoY
0.4%
41.7%
Net Profit YoY
-185.6%
880.7%
EPS (diluted)
$-0.35
$0.19

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
ATEX
ATEX
MBBC
MBBC
Q4 25
$1.6M
$2.2M
Q3 25
$1.6M
$2.1M
Q2 25
$1.4M
$1.9M
Q1 25
$1.4M
$1.7M
Q4 24
$1.6M
$1.6M
Q3 24
$1.6M
$1.6M
Q2 24
$1.5M
$1.6M
Q1 24
$1.3M
$1.6M
Net Profit
ATEX
ATEX
MBBC
MBBC
Q4 25
$-6.6M
$501.4K
Q3 25
$53.5M
$444.3K
Q2 25
$25.2M
$-332.0K
Q1 25
$9.2M
$148.4K
Q4 24
$7.7M
$51.1K
Q3 24
$-12.8M
$174.9K
Q2 24
$-15.5M
$85.8K
Q1 24
$-9.4M
$-631.1K
Operating Margin
ATEX
ATEX
MBBC
MBBC
Q4 25
-576.0%
26.2%
Q3 25
25.5%
Q2 25
-25.7%
Q1 25
11.6%
Q4 24
3.3%
Q3 24
-846.6%
13.4%
Q2 24
-984.4%
4.1%
Q1 24
-834.2%
-53.7%
Net Margin
ATEX
ATEX
MBBC
MBBC
Q4 25
-419.6%
22.3%
Q3 25
3449.5%
20.7%
Q2 25
1775.7%
-18.9%
Q1 25
662.9%
8.9%
Q4 24
492.3%
3.2%
Q3 24
-823.1%
10.8%
Q2 24
-1018.0%
6.2%
Q1 24
-746.9%
-40.7%
EPS (diluted)
ATEX
ATEX
MBBC
MBBC
Q4 25
$-0.35
$0.19
Q3 25
$2.86
$0.17
Q2 25
$1.35
$-0.13
Q1 25
$0.51
$0.07
Q4 24
$0.41
$0.02
Q3 24
$-0.69
$0.06
Q2 24
$-0.84
$0.07
Q1 24
$-0.51
$-0.31

Balance Sheet & Financial Strength

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

Metric
ATEX
ATEX
MBBC
MBBC
Cash + ST InvestmentsLiquidity on hand
$29.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$236.0M
$46.9M
Total Assets
$417.0M
$248.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ATEX
ATEX
MBBC
MBBC
Q4 25
$29.5M
Q3 25
$39.1M
Q2 25
$41.4M
Q1 25
$47.4M
Q4 24
$28.8M
Q3 24
$43.1M
Q2 24
$51.7M
Q1 24
$60.6M
Stockholders' Equity
ATEX
ATEX
MBBC
MBBC
Q4 25
$236.0M
$46.9M
Q3 25
$240.3M
$46.3M
Q2 25
$184.8M
$45.7M
Q1 25
$156.6M
$32.0M
Q4 24
$144.7M
$31.7M
Q3 24
$139.1M
$31.6M
Q2 24
$148.8M
$31.3M
Q1 24
$161.0M
$31.4M
Total Assets
ATEX
ATEX
MBBC
MBBC
Q4 25
$417.0M
$248.0M
Q3 25
$420.4M
$246.0M
Q2 25
$359.6M
$238.8M
Q1 25
$333.1M
$236.8M
Q4 24
$326.7M
$217.9M
Q3 24
$317.2M
$216.5M
Q2 24
$321.1M
$219.3M
Q1 24
$324.9M
$225.8M

Cash Flow & Capital Efficiency

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

Metric
ATEX
ATEX
MBBC
MBBC
Operating Cash FlowLast quarter
$-8.3M
$1.4M
Free Cash FlowOCF − Capex
$-8.3M
$1.4M
FCF MarginFCF / Revenue
-526.4%
62.3%
Capex IntensityCapex / Revenue
0.6%
0.6%
Cash ConversionOCF / Net Profit
2.82×
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ATEX
ATEX
MBBC
MBBC
Q4 25
$-8.3M
$1.4M
Q3 25
$1.4M
$464.0K
Q2 25
$-3.1M
$1.4M
Q1 25
$-16.6M
$849.0K
Q4 24
$-7.7M
$113.6K
Q3 24
$-2.6M
$945.2K
Q2 24
$-2.4M
$416.6K
Q1 24
$6.1M
$-802.1K
Free Cash Flow
ATEX
ATEX
MBBC
MBBC
Q4 25
$-8.3M
$1.4M
Q3 25
$456.6K
Q2 25
$1.3M
Q1 25
$-16.6M
$773.2K
Q4 24
$105.0K
Q3 24
$-2.7M
$921.6K
Q2 24
$-1.8M
Q1 24
$6.1M
$-1.1M
FCF Margin
ATEX
ATEX
MBBC
MBBC
Q4 25
-526.4%
62.3%
Q3 25
21.3%
Q2 25
66.0%
Q1 25
-1195.2%
46.3%
Q4 24
6.6%
Q3 24
-173.4%
57.1%
Q2 24
-118.5%
Q1 24
484.1%
-67.9%
Capex Intensity
ATEX
ATEX
MBBC
MBBC
Q4 25
0.6%
0.6%
Q3 25
0.3%
Q2 25
9.3%
Q1 25
3.3%
4.5%
Q4 24
0.0%
0.5%
Q3 24
2.6%
1.5%
Q2 24
0.0%
145.2%
Q1 24
3.2%
16.2%
Cash Conversion
ATEX
ATEX
MBBC
MBBC
Q4 25
2.82×
Q3 25
0.03×
1.04×
Q2 25
-0.12×
Q1 25
-1.80×
5.72×
Q4 24
-1.00×
2.22×
Q3 24
5.40×
Q2 24
4.85×
Q1 24

Financial Flow Comparison

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

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