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Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.
CAMDEN NATIONAL CORP is the larger business by last-quarter revenue ($64.3M vs $43.5M, roughly 1.5× GLADSTONE COMMERCIAL CORP). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs 12.4%, a 21.6% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs 10.3%).
Camden National Bank is a commercial bank headquartered in Camden, Maine, operating as the principal subsidiary of Camden National Corporation, a publicly traded bank holding company. Founded in 1875, the bank became a direct, wholly owned subsidiary of the holding company following a corporate reorganization in 1984. Following the 2025 merger with Northway Financial, the combined institution has approximately $7.0 billion in assets.
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
CAC vs GOOD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $43.5M |
| Net Profit | $21.9M | $5.4M |
| Gross Margin | — | — |
| Operating Margin | — | — |
| Net Margin | 34.0% | 12.4% |
| Revenue YoY | — | 16.3% |
| Net Profit YoY | — | -25.1% |
| EPS (diluted) | $1.29 | $0.05 |
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.
| Q1 26 | $64.3M | — | ||
| Q4 25 | $68.1M | $43.5M | ||
| Q3 25 | $65.4M | $40.8M | ||
| Q2 25 | $62.3M | $39.5M | ||
| Q1 25 | $60.1M | $37.5M | ||
| Q4 24 | $47.6M | $37.4M | ||
| Q3 24 | $45.0M | $39.2M | ||
| Q2 24 | $42.8M | $37.1M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $5.4M | ||
| Q3 25 | $21.2M | $4.1M | ||
| Q2 25 | $14.1M | $4.6M | ||
| Q1 25 | $7.3M | $5.1M | ||
| Q4 24 | $14.7M | $7.2M | ||
| Q3 24 | $13.1M | $11.7M | ||
| Q2 24 | $12.0M | $1.6M |
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | — | ||
| Q3 25 | 40.5% | — | ||
| Q2 25 | 28.5% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 35.2% | — | ||
| Q2 24 | 34.7% | — |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | 12.4% | ||
| Q3 25 | 32.4% | 10.1% | ||
| Q2 25 | 22.6% | 11.7% | ||
| Q1 25 | 12.2% | 13.7% | ||
| Q4 24 | 30.8% | 19.2% | ||
| Q3 24 | 29.1% | 29.8% | ||
| Q2 24 | 28.0% | 4.3% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $0.05 | ||
| Q3 25 | $1.25 | $0.02 | ||
| Q2 25 | $0.83 | $0.03 | ||
| Q1 25 | $0.43 | $0.04 | ||
| Q4 24 | $1.00 | $0.10 | ||
| Q3 24 | $0.90 | $0.20 | ||
| Q2 24 | $0.81 | $-0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $10.8M |
| Total DebtLower is stronger | $514.4M | $843.5M |
| Stockholders' EquityBook value | $710.0M | $171.8M |
| Total Assets | $7.0B | $1.2B |
| Debt / EquityLower = less leverage | 0.72× | 4.91× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $10.8M | ||
| Q3 25 | — | $18.4M | ||
| Q2 25 | — | $11.7M | ||
| Q1 25 | — | $10.4M | ||
| Q4 24 | — | $11.0M | ||
| Q3 24 | — | $10.5M | ||
| Q2 24 | — | $10.4M |
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | $843.5M | ||
| Q3 25 | — | $843.3M | ||
| Q2 25 | — | $794.4M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $693.4M | ||
| Q3 24 | — | $692.6M | ||
| Q2 24 | — | $722.5M |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $171.8M | ||
| Q3 25 | $676.4M | $184.8M | ||
| Q2 25 | $652.1M | $177.2M | ||
| Q1 25 | $640.1M | $183.2M | ||
| Q4 24 | $531.2M | $171.2M | ||
| Q3 24 | $529.9M | $168.9M | ||
| Q2 24 | $508.3M | $145.7M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $1.2B | ||
| Q3 25 | $7.0B | $1.3B | ||
| Q2 25 | $6.9B | $1.2B | ||
| Q1 25 | $7.0B | $1.2B | ||
| Q4 24 | $5.8B | $1.1B | ||
| Q3 24 | $5.7B | $1.1B | ||
| Q2 24 | $5.7B | $1.1B |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | 4.91× | ||
| Q3 25 | — | 4.56× | ||
| Q2 25 | — | 4.48× | ||
| Q1 25 | — | 4.04× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 4.10× | ||
| Q2 24 | — | 4.96× |
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 | — | $88.2M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 16.38× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $88.2M | ||
| Q3 25 | $36.1M | $18.9M | ||
| Q2 25 | $6.0M | $35.8M | ||
| Q1 25 | $1.0M | $17.7M | ||
| Q4 24 | $60.9M | $57.0M | ||
| Q3 24 | $-14.5M | $5.5M | ||
| Q2 24 | $14.5M | $13.6M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | — | ||
| Q3 25 | $35.4M | — | ||
| Q2 25 | $4.5M | — | ||
| Q1 25 | $-727.0K | — | ||
| Q4 24 | $55.4M | — | ||
| Q3 24 | $-16.2M | — | ||
| Q2 24 | $13.2M | — |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | — | ||
| Q3 25 | 54.1% | — | ||
| Q2 25 | 7.3% | — | ||
| Q1 25 | -1.2% | — | ||
| Q4 24 | 116.4% | — | ||
| Q3 24 | -36.0% | — | ||
| Q2 24 | 30.8% | — |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | — | ||
| Q3 25 | 1.1% | — | ||
| Q2 25 | 2.4% | — | ||
| Q1 25 | 2.9% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 3.8% | — | ||
| Q2 24 | 3.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | 16.38× | ||
| Q3 25 | 1.70× | 4.57× | ||
| Q2 25 | 0.43× | 7.74× | ||
| Q1 25 | 0.14× | 3.44× | ||
| Q4 24 | 4.15× | 7.93× | ||
| Q3 24 | -1.11× | 0.47× | ||
| Q2 24 | 1.21× | 8.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAC
| Net Interest Income | $52.4M | 81% |
| Noninterest Income | $12.0M | 19% |
GOOD
Segment breakdown not available.
