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Side-by-side financial comparison of biote Corp. (BTMD) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $46.4M, roughly 1.3× biote Corp.). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 4.2%, a 27.1% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -6.9%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $6.5M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -0.4%).

biote Corp is a healthcare company specializing in personalized bioidentical hormone replacement therapy solutions for adult men and women. It operates primarily in the U.S. market, offering training programs for licensed healthcare providers, along with complementary wellness supplements and diagnostic services to support patient care outcomes.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

BTMD vs MPB — Head-to-Head

Bigger by revenue
MPB
MPB
1.3× larger
MPB
$62.0M
$46.4M
BTMD
Growing faster (revenue YoY)
MPB
MPB
+37.7% gap
MPB
30.8%
-6.9%
BTMD
Higher net margin
MPB
MPB
27.1% more per $
MPB
31.4%
4.2%
BTMD
More free cash flow
MPB
MPB
$65.3M more FCF
MPB
$71.8M
$6.5M
BTMD
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
-0.4%
BTMD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BTMD
BTMD
MPB
MPB
Revenue
$46.4M
$62.0M
Net Profit
$2.0M
$19.4M
Gross Margin
Operating Margin
14.7%
43.6%
Net Margin
4.2%
31.4%
Revenue YoY
-6.9%
30.8%
Net Profit YoY
-47.2%
47.0%
EPS (diluted)
$0.05
$0.83

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
BTMD
BTMD
MPB
MPB
Q4 25
$46.4M
$62.0M
Q3 25
$48.0M
$61.8M
Q2 25
$48.9M
$54.3M
Q1 25
$49.0M
$47.7M
Q4 24
$49.8M
$47.4M
Q3 24
$51.4M
$45.3M
Q2 24
$49.2M
$44.1M
Q1 24
$46.8M
$42.3M
Net Profit
BTMD
BTMD
MPB
MPB
Q4 25
$2.0M
$19.4M
Q3 25
$8.2M
$18.3M
Q2 25
$3.2M
$4.8M
Q1 25
$13.7M
$13.7M
Q4 24
$3.7M
$13.2M
Q3 24
$10.7M
$12.3M
Q2 24
$-7.1M
$11.8M
Q1 24
$-4.2M
$12.1M
Operating Margin
BTMD
BTMD
MPB
MPB
Q4 25
14.7%
43.6%
Q3 25
17.2%
39.3%
Q2 25
22.0%
7.9%
Q1 25
19.8%
35.2%
Q4 24
5.6%
34.1%
Q3 24
23.7%
32.8%
Q2 24
12.7%
32.4%
Q1 24
22.3%
34.8%
Net Margin
BTMD
BTMD
MPB
MPB
Q4 25
4.2%
31.4%
Q3 25
17.1%
29.6%
Q2 25
6.5%
8.8%
Q1 25
28.0%
28.8%
Q4 24
7.4%
27.9%
Q3 24
20.8%
27.1%
Q2 24
-14.4%
26.7%
Q1 24
-8.9%
28.7%
EPS (diluted)
BTMD
BTMD
MPB
MPB
Q4 25
$0.05
$0.83
Q3 25
$0.22
$0.79
Q2 25
$0.10
$0.22
Q1 25
$0.37
$0.71
Q4 24
$0.09
$0.72
Q3 24
$0.33
$0.74
Q2 24
$-0.21
$0.71
Q1 24
$-0.12
$0.73

Balance Sheet & Financial Strength

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

Metric
BTMD
BTMD
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$24.1M
Total DebtLower is stronger
$103.1M
Stockholders' EquityBook value
$-58.5M
$814.1M
Total Assets
$107.6M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BTMD
BTMD
MPB
MPB
Q4 25
$24.1M
Q3 25
$28.0M
Q2 25
$19.6M
Q1 25
$41.7M
Q4 24
$39.3M
Q3 24
$38.2M
Q2 24
$26.4M
Q1 24
$78.8M
Total Debt
BTMD
BTMD
MPB
MPB
Q4 25
$103.1M
Q3 25
$104.7M
Q2 25
$106.3M
Q1 25
$107.8M
Q4 24
$109.4M
Q3 24
$110.9M
Q2 24
$112.5M
Q1 24
$114.1M
Stockholders' Equity
BTMD
BTMD
MPB
MPB
Q4 25
$-58.5M
$814.1M
Q3 25
$-72.8M
$796.3M
Q2 25
$-85.1M
$775.7M
Q1 25
$-90.0M
$667.9M
Q4 24
$-105.9M
$655.0M
Q3 24
$-130.3M
$573.1M
Q2 24
$-143.2M
$559.7M
Q1 24
$-36.0M
$551.0M
Total Assets
BTMD
BTMD
MPB
MPB
Q4 25
$107.6M
$6.1B
Q3 25
$111.3M
$6.3B
Q2 25
$104.8M
$6.4B
Q1 25
$123.4M
$5.5B
Q4 24
$122.4M
$5.5B
Q3 24
$101.3M
$5.5B
Q2 24
$92.9M
$5.4B
Q1 24
$160.1M
$5.3B

Cash Flow & Capital Efficiency

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

Metric
BTMD
BTMD
MPB
MPB
Operating Cash FlowLast quarter
$7.6M
$80.0M
Free Cash FlowOCF − Capex
$6.5M
$71.8M
FCF MarginFCF / Revenue
14.0%
115.8%
Capex IntensityCapex / Revenue
2.3%
13.3%
Cash ConversionOCF / Net Profit
3.87×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$30.2M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BTMD
BTMD
MPB
MPB
Q4 25
$7.6M
$80.0M
Q3 25
$14.1M
$26.3M
Q2 25
$7.1M
$29.0M
Q1 25
$6.5M
$11.5M
Q4 24
$12.4M
$51.4M
Q3 24
$15.6M
$16.9M
Q2 24
$9.9M
$18.0M
Q1 24
$7.4M
$12.4M
Free Cash Flow
BTMD
BTMD
MPB
MPB
Q4 25
$6.5M
$71.8M
Q3 25
$13.6M
$24.3M
Q2 25
$5.3M
$27.2M
Q1 25
$4.8M
$8.8M
Q4 24
$10.7M
$44.5M
Q3 24
$14.0M
$16.8M
Q2 24
$7.4M
$17.7M
Q1 24
$6.7M
$12.1M
FCF Margin
BTMD
BTMD
MPB
MPB
Q4 25
14.0%
115.8%
Q3 25
28.3%
39.4%
Q2 25
10.8%
50.1%
Q1 25
9.9%
18.4%
Q4 24
21.5%
93.8%
Q3 24
27.3%
37.1%
Q2 24
15.1%
40.2%
Q1 24
14.2%
28.5%
Capex Intensity
BTMD
BTMD
MPB
MPB
Q4 25
2.3%
13.3%
Q3 25
1.0%
3.1%
Q2 25
3.7%
3.2%
Q1 25
3.3%
5.7%
Q4 24
3.4%
14.6%
Q3 24
3.0%
0.0%
Q2 24
5.1%
0.7%
Q1 24
1.5%
0.8%
Cash Conversion
BTMD
BTMD
MPB
MPB
Q4 25
3.87×
4.12×
Q3 25
1.72×
1.44×
Q2 25
2.22×
6.08×
Q1 25
0.47×
0.84×
Q4 24
3.34×
3.88×
Q3 24
1.45×
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BTMD
BTMD

Product Revenue$45.3M98%
Disposable Trocars Product Revenue$1.2M3%

MPB
MPB

Segment breakdown not available.

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