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Side-by-side financial comparison of BICYCLE THERAPEUTICS PLC (BCYC) and Metropolitan Bank Holding Corp. (MCB). Click either name above to swap in a different company.

Metropolitan Bank Holding Corp. is the larger business by last-quarter revenue ($88.5M vs $48.0M, roughly 1.8× BICYCLE THERAPEUTICS PLC). Metropolitan Bank Holding Corp. runs the higher net margin — 35.5% vs -42.0%, a 77.5% gap on every dollar of revenue. On growth, BICYCLE THERAPEUTICS PLC posted the faster year-over-year revenue change (1193.3% vs 25.4%). Over the past eight quarters, BICYCLE THERAPEUTICS PLC's revenue compounded faster (56.7% CAGR vs 14.3%).

Bicycle Therapeutics PLC is a clinical-stage biopharmaceutical firm developing innovative bicyclic peptide therapies for unmet medical needs. Its core pipeline covers oncology, rare diseases, and immunological disorders, with operations in Europe and North America, and partnerships with global pharma leaders to advance drug candidates to market.

Sandy Spring Bancorp, Inc. was a bank holding company headquartered in Olney, Maryland and operating in the Washington metropolitan area. In addition to banking services, the company offered commercial and personal lines of insurance, surety bonds, workers compensation insurance, and professional liability insurance protection as well as financial planning, wealth management, and asset management for high-net-worth individuals, businesses, and associations. In April 2025, the company was acqu...

BCYC vs MCB — Head-to-Head

Bigger by revenue
MCB
MCB
1.8× larger
MCB
$88.5M
$48.0M
BCYC
Growing faster (revenue YoY)
BCYC
BCYC
+1167.9% gap
BCYC
1193.3%
25.4%
MCB
Higher net margin
MCB
MCB
77.5% more per $
MCB
35.5%
-42.0%
BCYC
Faster 2-yr revenue CAGR
BCYC
BCYC
Annualised
BCYC
56.7%
14.3%
MCB

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BCYC
BCYC
MCB
MCB
Revenue
$48.0M
$88.5M
Net Profit
$-20.2M
$31.4M
Gross Margin
Operating Margin
-51.5%
Net Margin
-42.0%
35.5%
Revenue YoY
1193.3%
25.4%
Net Profit YoY
61.1%
92.2%
EPS (diluted)
$-0.29
$2.92

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
BCYC
BCYC
MCB
MCB
Q1 26
$88.5M
Q4 25
$48.0M
$88.4M
Q3 25
$11.7M
$79.8M
Q2 25
$2.9M
$76.3M
Q1 25
$10.0M
$70.6M
Q4 24
$3.7M
$71.0M
Q3 24
$2.7M
$71.5M
Q2 24
$9.4M
$67.7M
Net Profit
BCYC
BCYC
MCB
MCB
Q1 26
$31.4M
Q4 25
$-20.2M
$28.9M
Q3 25
$-59.1M
$7.1M
Q2 25
$-79.0M
$18.8M
Q1 25
$-60.8M
$16.4M
Q4 24
$21.4M
Q3 24
$-50.8M
$12.3M
Q2 24
$-39.8M
$16.8M
Operating Margin
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
-51.5%
46.6%
Q3 25
-558.6%
12.8%
Q2 25
-2965.8%
35.1%
Q1 25
-703.7%
33.1%
Q4 24
44.1%
Q3 24
-2385.9%
24.6%
Q2 24
-498.3%
35.3%
Net Margin
BCYC
BCYC
MCB
MCB
Q1 26
35.5%
Q4 25
-42.0%
32.6%
Q3 25
-503.7%
8.9%
Q2 25
-2703.8%
24.6%
Q1 25
-608.9%
23.2%
Q4 24
30.2%
Q3 24
-1898.4%
17.2%
Q2 24
-425.3%
24.8%
EPS (diluted)
BCYC
BCYC
MCB
MCB
Q1 26
$2.92
Q4 25
$-0.29
$2.74
Q3 25
$-0.85
$0.67
Q2 25
$-1.14
$1.76
Q1 25
$-0.88
$1.45
Q4 24
$1.89
Q3 24
$-0.74
$1.08
Q2 24
$-0.77
$1.50

Balance Sheet & Financial Strength

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

Metric
BCYC
BCYC
MCB
MCB
Cash + ST InvestmentsLiquidity on hand
$628.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$610.0M
$948.3M
Total Assets
$717.6M
$8.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
$628.1M
$393.6M
Q3 25
$648.3M
$385.9M
Q2 25
$721.5M
$152.5M
Q1 25
$793.0M
$196.5M
Q4 24
$879.5M
$200.3M
Q3 24
$890.9M
$318.5M
Q2 24
$961.4M
$244.7M
Total Debt
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$30.9M
Stockholders' Equity
BCYC
BCYC
MCB
MCB
Q1 26
$948.3M
Q4 25
$610.0M
$743.1M
Q3 25
$618.5M
$732.0M
Q2 25
$668.9M
$723.0M
Q1 25
$740.3M
$737.8M
Q4 24
$793.1M
$729.8M
Q3 24
$831.0M
$715.2M
Q2 24
$873.8M
$692.4M
Total Assets
BCYC
BCYC
MCB
MCB
Q1 26
$8.8B
Q4 25
$717.6M
$8.3B
Q3 25
$764.0M
$8.2B
Q2 25
$832.2M
$7.9B
Q1 25
$883.9M
$7.6B
Q4 24
$956.9M
$7.3B
Q3 24
$996.7M
$7.4B
Q2 24
$1.1B
$7.3B
Debt / Equity
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
BCYC
BCYC
MCB
MCB
Operating Cash FlowLast quarter
$-19.3M
Free Cash FlowOCF − Capex
$-19.9M
FCF MarginFCF / Revenue
-41.5%
Capex IntensityCapex / Revenue
1.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-252.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
$-19.3M
$88.7M
Q3 25
$-71.2M
$31.8M
Q2 25
$-72.8M
$18.4M
Q1 25
$-86.4M
$7.8M
Q4 24
$-164.7M
$148.5M
Q3 24
$-39.8M
$4.8M
Q2 24
$-44.6M
$35.3M
Free Cash Flow
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
$-19.9M
Q3 25
$-71.8M
Q2 25
$-73.3M
Q1 25
$-87.0M
Q4 24
$-166.0M
Q3 24
$-40.3M
Q2 24
$-45.0M
FCF Margin
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
-41.5%
Q3 25
-612.3%
Q2 25
-2509.7%
Q1 25
-871.7%
Q4 24
-4475.7%
Q3 24
-1504.7%
Q2 24
-481.2%
Capex Intensity
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
1.2%
Q3 25
5.7%
Q2 25
17.1%
Q1 25
6.1%
Q4 24
33.3%
Q3 24
16.3%
Q2 24
4.5%
Cash Conversion
BCYC
BCYC
MCB
MCB
Q1 26
Q4 25
3.07×
Q3 25
4.47×
Q2 25
0.98×
Q1 25
0.47×
Q4 24
6.93×
Q3 24
0.39×
Q2 24
2.10×

Financial Flow Comparison

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

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