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Side-by-side financial comparison of Burke & Herbert Financial Services Corp. (BHRB) and System1, Inc. (SST). Click either name above to swap in a different company.
Burke & Herbert Financial Services Corp. is the larger business by last-quarter revenue ($86.5M vs $51.9M, roughly 1.7× System1, Inc.). Burke & Herbert Financial Services Corp. runs the higher net margin — 34.9% vs -26.0%, a 60.9% gap on every dollar of revenue. On growth, Burke & Herbert Financial Services Corp. posted the faster year-over-year revenue change (4.9% vs -31.3%). Over the past eight quarters, Burke & Herbert Financial Services Corp.'s revenue compounded faster (81.1% CAGR vs -21.8%).
Burke & Herbert Financial Services Corp is a U.S.-based regional financial holding company, offering personal and commercial banking, wealth management, residential mortgage lending, and small business financing services. Its core market covers Virginia and adjacent Mid-Atlantic regions, serving retail consumers, SMEs, and high-net-worth clients.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
BHRB vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $86.5M | $51.9M |
| Net Profit | $30.2M | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | 43.8% | -33.6% |
| Net Margin | 34.9% | -26.0% |
| Revenue YoY | 4.9% | -31.3% |
| Net Profit YoY | 52.8% | 4.8% |
| EPS (diluted) | $1.98 | $-3.58 |
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.
| Q4 25 | $86.5M | $51.9M | ||
| Q3 25 | $85.4M | $61.6M | ||
| Q2 25 | $87.1M | $78.1M | ||
| Q1 25 | $83.0M | $74.5M | ||
| Q4 24 | $82.5M | $75.6M | ||
| Q3 24 | $83.8M | $88.8M | ||
| Q2 24 | $69.3M | $94.6M | ||
| Q1 24 | $26.4M | $84.9M |
| Q4 25 | $30.2M | $-13.5M | ||
| Q3 25 | $30.0M | $-18.5M | ||
| Q2 25 | $29.9M | $-17.5M | ||
| Q1 25 | $27.2M | $-15.9M | ||
| Q4 24 | $19.8M | $-14.2M | ||
| Q3 24 | $27.6M | $-23.6M | ||
| Q2 24 | $-16.9M | $-26.4M | ||
| Q1 24 | $5.2M | $-10.5M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 43.8% | -33.6% | ||
| Q3 25 | 43.3% | -25.3% | ||
| Q2 25 | 42.7% | -20.4% | ||
| Q1 25 | 39.6% | -17.6% | ||
| Q4 24 | 24.6% | -15.7% | ||
| Q3 24 | 39.2% | -24.6% | ||
| Q2 24 | -27.5% | -30.8% | ||
| Q1 24 | 22.3% | -30.4% |
| Q4 25 | 34.9% | -26.0% | ||
| Q3 25 | 35.1% | -30.1% | ||
| Q2 25 | 34.3% | -22.4% | ||
| Q1 25 | 32.8% | -21.3% | ||
| Q4 24 | 24.0% | -18.7% | ||
| Q3 24 | 33.0% | -26.6% | ||
| Q2 24 | -24.4% | -27.9% | ||
| Q1 24 | 19.8% | -12.4% |
| Q4 25 | $1.98 | $-3.58 | ||
| Q3 25 | $1.97 | $-2.30 | ||
| Q2 25 | $1.97 | $-2.23 | ||
| Q1 25 | $1.80 | $-0.21 | ||
| Q4 24 | $1.72 | $-3.41 | ||
| Q3 24 | $1.82 | $-3.37 | ||
| Q2 24 | $-1.41 | $-3.80 | ||
| Q1 24 | $0.69 | $-0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $86.9M |
| Total DebtLower is stronger | — | $305.1M |
| Stockholders' EquityBook value | $854.6M | $30.5M |
| Total Assets | $7.9B | $405.0M |
| Debt / EquityLower = less leverage | — | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $86.9M | ||
| Q3 25 | — | $54.6M | ||
| Q2 25 | — | $63.6M | ||
| Q1 25 | — | $43.9M | ||
| Q4 24 | — | $63.6M | ||
| Q3 24 | — | $69.1M | ||
| Q2 24 | — | $75.7M | ||
| Q1 24 | — | $69.9M |
| Q4 25 | — | $305.1M | ||
| Q3 25 | — | $259.2M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $267.4M | ||
| Q4 24 | — | $255.1M | ||
| Q3 24 | — | $259.2M | ||
| Q2 24 | — | $263.3M | ||
| Q1 24 | — | $268.6M |
| Q4 25 | $854.6M | $30.5M | ||
| Q3 25 | $822.2M | $42.7M | ||
| Q2 25 | $780.0M | $58.2M | ||
| Q1 25 | $758.0M | $67.2M | ||
| Q4 24 | $730.2M | $80.3M | ||
| Q3 24 | $738.1M | $90.3M | ||
| Q2 24 | $693.1M | $109.4M | ||
| Q1 24 | $319.3M | $131.7M |
| Q4 25 | $7.9B | $405.0M | ||
| Q3 25 | $7.9B | $385.2M | ||
| Q2 25 | $8.1B | $429.2M | ||
| Q1 25 | $7.8B | $419.2M | ||
| Q4 24 | $7.8B | $459.1M | ||
| Q3 24 | $7.9B | $479.3M | ||
| Q2 24 | $7.8B | $511.3M | ||
| Q1 24 | $3.7B | $521.1M |
| Q4 25 | — | 10.01× | ||
| Q3 25 | — | 6.07× | ||
| Q2 25 | — | 4.53× | ||
| Q1 25 | — | 3.98× | ||
| Q4 24 | — | 3.18× | ||
| Q3 24 | — | 2.87× | ||
| Q2 24 | — | 2.41× | ||
| Q1 24 | — | 2.04× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $107.9M | $-10.6M |
| Free Cash FlowOCF − Capex | $96.2M | — |
| FCF MarginFCF / Revenue | 111.2% | — |
| Capex IntensityCapex / Revenue | 13.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.57× | — |
| TTM Free Cash FlowTrailing 4 quarters | $164.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $107.9M | $-10.6M | ||
| Q3 25 | $39.3M | $-2.1M | ||
| Q2 25 | $41.0K | $24.5M | ||
| Q1 25 | $37.6M | $-15.9M | ||
| Q4 24 | $85.8M | $772.0K | ||
| Q3 24 | $47.8M | $-5.0K | ||
| Q2 24 | $-46.0M | $10.0M | ||
| Q1 24 | $7.1M | $-16.0M |
| Q4 25 | $96.2M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $-3.4M | — | ||
| Q1 25 | $35.9M | $-16.0M | ||
| Q4 24 | $81.2M | — | ||
| Q3 24 | $46.0M | $-36.0K | ||
| Q2 24 | $-47.0M | — | ||
| Q1 24 | $5.6M | — |
| Q4 25 | 111.2% | — | ||
| Q3 25 | 41.5% | — | ||
| Q2 25 | -3.9% | — | ||
| Q1 25 | 43.2% | -21.5% | ||
| Q4 24 | 98.5% | — | ||
| Q3 24 | 55.0% | -0.0% | ||
| Q2 24 | -67.8% | — | ||
| Q1 24 | 21.2% | — |
| Q4 25 | 13.5% | 0.0% | ||
| Q3 25 | 4.5% | 0.0% | ||
| Q2 25 | 3.9% | 0.0% | ||
| Q1 25 | 2.1% | 0.1% | ||
| Q4 24 | 5.5% | 0.0% | ||
| Q3 24 | 2.1% | 0.0% | ||
| Q2 24 | 1.5% | 0.0% | ||
| Q1 24 | 5.7% | 0.0% |
| Q4 25 | 3.57× | — | ||
| Q3 25 | 1.31× | — | ||
| Q2 25 | 0.00× | — | ||
| Q1 25 | 1.38× | — | ||
| Q4 24 | 4.33× | — | ||
| Q3 24 | 1.73× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.36× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
