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Side-by-side financial comparison of Borealis Foods Inc. (BRLS) and ECB Bancorp, Inc. (ECBK). Click either name above to swap in a different company.
ECB Bancorp, Inc. is the larger business by last-quarter revenue ($9.5M vs $7.1M, roughly 1.3× Borealis Foods Inc.). ECB Bancorp, Inc. runs the higher net margin — 27.3% vs -53.2%, a 80.5% gap on every dollar of revenue. On growth, ECB Bancorp, Inc. posted the faster year-over-year revenue change (33.8% vs -12.0%). Over the past eight quarters, ECB Bancorp, Inc.'s revenue compounded faster (23.8% CAGR vs -2.4%).
Borealis Foods Inc is a food technology enterprise specializing in developing and producing high-quality plant-based protein products including plant-based meat alternatives. It mainly serves retail and food service customers across North America and Europe, focusing on delivering affordable, nutritious sustainable food options matching the taste of conventional animal-derived meat.
ECB Bancorp, Inc. (MD) is a US-based bank holding company. It offers a full suite of retail and commercial banking products including deposit accounts, consumer loans, commercial financing and wealth management solutions, primarily serving individuals and small-to-mid enterprises across local markets in Maryland.
BRLS vs ECBK — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $7.1M | $9.5M |
| Net Profit | $-3.8M | $2.6M |
| Gross Margin | 14.6% | — |
| Operating Margin | -27.1% | 36.7% |
| Net Margin | -53.2% | 27.3% |
| Revenue YoY | -12.0% | 33.8% |
| Net Profit YoY | 21.8% | 79.5% |
| EPS (diluted) | $-0.18 | $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.
| Q4 25 | — | $9.5M | ||
| Q3 25 | $7.1M | $8.8M | ||
| Q2 25 | $7.2M | $8.0M | ||
| Q1 25 | $6.8M | $6.9M | ||
| Q4 24 | $6.8M | $7.1M | ||
| Q3 24 | $8.1M | $6.6M | ||
| Q2 24 | $5.5M | $6.3M | ||
| Q1 24 | $7.9M | $6.2M |
| Q4 25 | — | $2.6M | ||
| Q3 25 | $-3.8M | $2.4M | ||
| Q2 25 | $-4.6M | $1.4M | ||
| Q1 25 | $-4.2M | $1.3M | ||
| Q4 24 | $-5.8M | $1.4M | ||
| Q3 24 | $-4.8M | $1.1M | ||
| Q2 24 | $-6.3M | $791.0K | ||
| Q1 24 | $-8.4M | $621.0K |
| Q4 25 | — | — | ||
| Q3 25 | 14.6% | — | ||
| Q2 25 | 7.2% | — | ||
| Q1 25 | 13.1% | — | ||
| Q4 24 | 3.7% | — | ||
| Q3 24 | 15.8% | — | ||
| Q2 24 | 7.7% | — | ||
| Q1 24 | 3.1% | — |
| Q4 25 | — | 36.7% | ||
| Q3 25 | -27.1% | 37.0% | ||
| Q2 25 | -46.7% | 23.9% | ||
| Q1 25 | -42.6% | 24.9% | ||
| Q4 24 | -68.4% | 27.3% | ||
| Q3 24 | -44.8% | 23.3% | ||
| Q2 24 | -94.8% | 16.9% | ||
| Q1 24 | -88.3% | 13.4% |
| Q4 25 | — | 27.3% | ||
| Q3 25 | -53.2% | 27.7% | ||
| Q2 25 | -64.0% | 18.0% | ||
| Q1 25 | -61.2% | 18.7% | ||
| Q4 24 | -85.3% | 20.3% | ||
| Q3 24 | -59.8% | 17.2% | ||
| Q2 24 | -115.0% | 12.6% | ||
| Q1 24 | -106.8% | 10.0% |
| Q4 25 | — | $0.32 | ||
| Q3 25 | $-0.18 | $0.29 | ||
| Q2 25 | $0.21 | $0.17 | ||
| Q1 25 | $-0.20 | $0.16 | ||
| Q4 24 | $-0.82 | $0.18 | ||
| Q3 24 | $-0.23 | $0.14 | ||
| Q2 24 | $0.29 | $0.09 | ||
| Q1 24 | $-0.49 | $0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $82.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-12.9M | $171.9M |
| Total Assets | $56.3M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $82.8M | ||
| Q3 25 | — | $201.9M | ||
| Q2 25 | — | $191.0M | ||
| Q1 25 | — | $143.7M | ||
| Q4 24 | — | $309.4M | ||
| Q3 24 | — | $114.8M | ||
| Q2 24 | — | $108.7M | ||
| Q1 24 | — | $109.8M |
| Q4 25 | — | $171.9M | ||
| Q3 25 | $-12.9M | $169.3M | ||
| Q2 25 | $-9.2M | $168.3M | ||
| Q1 25 | $-4.8M | $168.6M | ||
| Q4 24 | $-695.9K | $168.3M | ||
| Q3 24 | $5.1M | $166.0M | ||
| Q2 24 | $9.9M | $166.5M | ||
| Q1 24 | $16.2M | $165.8M |
| Q4 25 | — | $1.6B | ||
| Q3 25 | $56.3M | $1.6B | ||
| Q2 25 | $57.3M | $1.5B | ||
| Q1 25 | $58.4M | $1.5B | ||
| Q4 24 | $60.0M | $1.4B | ||
| Q3 24 | $61.9M | $1.4B | ||
| Q2 24 | $63.6M | $1.3B | ||
| Q1 24 | $70.3M | $1.3B |
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 | $-190.6K | $9.2M |
| Free Cash FlowOCF − Capex | — | $9.0M |
| FCF MarginFCF / Revenue | — | 94.7% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | — | 3.55× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $9.2M | ||
| Q3 25 | $-190.6K | $4.0M | ||
| Q2 25 | $-2.2M | $1.9M | ||
| Q1 25 | $-1.4M | $-631.0K | ||
| Q4 24 | $-819.4K | $6.2M | ||
| Q3 24 | $-3.3M | $861.0K | ||
| Q2 24 | $-4.2M | $1.4M | ||
| Q1 24 | $-6.8M | $-429.0K |
| Q4 25 | — | $9.0M | ||
| Q3 25 | — | $4.0M | ||
| Q2 25 | — | $1.8M | ||
| Q1 25 | $-1.4M | $-649.0K | ||
| Q4 24 | $-951.6K | $6.2M | ||
| Q3 24 | $-3.7M | — | ||
| Q2 24 | $-4.7M | $1.3M | ||
| Q1 24 | $-7.3M | $-449.0K |
| Q4 25 | — | 94.7% | ||
| Q3 25 | — | 44.9% | ||
| Q2 25 | — | 23.0% | ||
| Q1 25 | -20.3% | -9.4% | ||
| Q4 24 | -14.1% | 86.8% | ||
| Q3 24 | -46.1% | — | ||
| Q2 24 | -86.7% | 21.4% | ||
| Q1 24 | -92.7% | -7.2% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | — | 0.8% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | 0.2% | 0.3% | ||
| Q4 24 | 2.0% | 0.8% | ||
| Q3 24 | 5.6% | 0.0% | ||
| Q2 24 | 9.4% | 0.6% | ||
| Q1 24 | 7.0% | 0.3% |
| Q4 25 | — | 3.55× | ||
| Q3 25 | — | 1.65× | ||
| Q2 25 | — | 1.32× | ||
| Q1 25 | — | -0.49× | ||
| Q4 24 | — | 4.31× | ||
| Q3 24 | — | 0.76× | ||
| Q2 24 | — | 1.75× | ||
| Q1 24 | — | -0.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
