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Side-by-side financial comparison of CEA Industries Inc. (BNC) and Lake Shore Bancorp, Inc. (LSBK). Click either name above to swap in a different company.

Lake Shore Bancorp, Inc. is the larger business by last-quarter revenue ($7.4M vs $7.1M, roughly 1.0× CEA Industries Inc.). CEA Industries Inc. runs the higher net margin — 3970.6% vs 31.8%, a 3938.9% gap on every dollar of revenue.

CEA Technologies is an Australian government business enterprise that primarily supplies the Royal Australian Navy. The company was established in 1983. Its phase array radars, which are fitted to the Royal Australian Navy's fleet of warships, are regarded by Australians as the best in the world.

Lake Shore Bancorp, Inc. (Maryland) is a U.S. regional bank holding company that operates via its banking subsidiary, offering retail and commercial banking services including deposits, loans, mortgages and wealth management, primarily serving individuals and SMEs across local communities in Maryland.

BNC vs LSBK — Head-to-Head

Bigger by revenue
LSBK
LSBK
1.0× larger
LSBK
$7.4M
$7.1M
BNC
Higher net margin
BNC
BNC
3938.9% more per $
BNC
3970.6%
31.8%
LSBK

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
BNC
BNC
LSBK
LSBK
Revenue
$7.1M
$7.4M
Net Profit
$283.6M
$2.4M
Gross Margin
29.3%
Operating Margin
38.4%
Net Margin
3970.6%
31.8%
Revenue YoY
1727.8%
Net Profit YoY
38409.2%
EPS (diluted)
$5.36
$0.32

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
BNC
BNC
LSBK
LSBK
Q4 25
$7.1M
Q3 25
$4.6M
$7.4M
Q2 25
$6.9M
Q2 24
$1.8M
Q3 23
$913.6K
Q2 23
$1.1M
Q1 23
$4.7M
Q4 22
$1.5M
Net Profit
BNC
BNC
LSBK
LSBK
Q4 25
$283.6M
Q3 25
$-5.8M
$2.4M
Q2 25
$1.9M
Q2 24
$-470.3K
Q3 23
$-799.0K
Q2 23
$-693.6K
Q1 23
$-431.4K
Q4 22
$-1.3M
Gross Margin
BNC
BNC
LSBK
LSBK
Q4 25
29.3%
Q3 25
30.0%
Q2 25
Q2 24
10.2%
Q3 23
-11.4%
Q2 23
7.4%
Q1 23
18.2%
Q4 22
10.3%
Operating Margin
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
-123.2%
38.4%
Q2 25
33.2%
Q2 24
-27.1%
Q3 23
-88.3%
Q2 23
-66.2%
Q1 23
-9.5%
Q4 22
-87.8%
Net Margin
BNC
BNC
LSBK
LSBK
Q4 25
3970.6%
Q3 25
-127.7%
31.8%
Q2 25
27.7%
Q2 24
-26.7%
Q3 23
-87.5%
Q2 23
-65.2%
Q1 23
-9.2%
Q4 22
-87.0%
EPS (diluted)
BNC
BNC
LSBK
LSBK
Q4 25
$5.36
Q3 25
$-6.94
$0.32
Q2 25
$0.34
Q2 24
$-0.66
Q3 23
$-1.19
Q2 23
$-1.03
Q1 23
$-0.05
Q4 22

Balance Sheet & Financial Strength

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

Metric
BNC
BNC
LSBK
LSBK
Cash + ST InvestmentsLiquidity on hand
$32.5M
$83.6M
Total DebtLower is stronger
$2.0M
Stockholders' EquityBook value
$484.9M
$139.3M
Total Assets
$616.5M
$742.8M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNC
BNC
LSBK
LSBK
Q4 25
$32.5M
Q3 25
$3.0M
$83.6M
Q2 25
$75.4M
Q2 24
$11.3M
Q3 23
$13.3M
Q2 23
$14.2M
Q1 23
$15.9M
Q4 22
$18.6M
Total Debt
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
$2.0M
Q2 25
$2.0M
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22
Stockholders' Equity
BNC
BNC
LSBK
LSBK
Q4 25
$484.9M
Q3 25
$6.9M
$139.3M
Q2 25
$92.9M
Q2 24
$10.9M
Q3 23
$13.2M
Q2 23
$14.0M
Q1 23
$14.7M
Q4 22
Total Assets
BNC
BNC
LSBK
LSBK
Q4 25
$616.5M
Q3 25
$19.1M
$742.8M
Q2 25
$734.8M
Q2 24
$12.6M
Q3 23
$14.7M
Q2 23
$15.9M
Q1 23
$17.4M
Q4 22
$21.0M
Debt / Equity
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
0.01×
Q2 25
0.02×
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22

Cash Flow & Capital Efficiency

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

Metric
BNC
BNC
LSBK
LSBK
Operating Cash FlowLast quarter
$3.3M
Free Cash FlowOCF − Capex
$3.3M
FCF MarginFCF / Revenue
44.4%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
$-1.7M
$3.3M
Q2 25
$2.5M
Q2 24
$-273.4K
Q3 23
$-854.7K
Q2 23
$-1.8M
Q1 23
$-2.7M
Q4 22
$-2.4M
Free Cash Flow
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
$3.3M
Q2 25
$2.0M
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22
FCF Margin
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
44.4%
Q2 25
28.5%
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22
Capex Intensity
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
0.6%
Q2 25
7.7%
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22
0.0%
Cash Conversion
BNC
BNC
LSBK
LSBK
Q4 25
Q3 25
1.42×
Q2 25
1.31×
Q2 24
Q3 23
Q2 23
Q1 23
Q4 22

Financial Flow Comparison

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

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