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Side-by-side financial comparison of CAMDEN NATIONAL CORP (CAC) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
CAMDEN NATIONAL CORP is the larger business by last-quarter revenue ($64.3M vs $36.5M, roughly 1.8× SmartRent, Inc.). CAMDEN NATIONAL CORP runs the higher net margin — 34.0% vs -8.9%, a 42.9% gap on every dollar of revenue. Over the past eight quarters, CAMDEN NATIONAL CORP's revenue compounded faster (22.6% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
CAC vs SMRT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $64.3M | $36.5M |
| Net Profit | $21.9M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | — | -10.9% |
| Net Margin | 34.0% | -8.9% |
| Revenue YoY | — | 3.1% |
| Net Profit YoY | — | 71.6% |
| EPS (diluted) | $1.29 | $-0.02 |
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 | $36.5M | ||
| Q3 25 | $65.4M | $36.2M | ||
| Q2 25 | $62.3M | $38.3M | ||
| Q1 25 | $60.1M | $41.3M | ||
| Q4 24 | $47.6M | $35.4M | ||
| Q3 24 | $45.0M | $40.5M | ||
| Q2 24 | $42.8M | $48.5M |
| Q1 26 | $21.9M | — | ||
| Q4 25 | $22.6M | $-3.2M | ||
| Q3 25 | $21.2M | $-6.3M | ||
| Q2 25 | $14.1M | $-10.9M | ||
| Q1 25 | $7.3M | $-40.2M | ||
| Q4 24 | $14.7M | $-11.4M | ||
| Q3 24 | $13.1M | $-9.9M | ||
| Q2 24 | $12.0M | $-4.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% |
| Q1 26 | — | — | ||
| Q4 25 | 41.5% | -10.9% | ||
| Q3 25 | 40.5% | -19.4% | ||
| Q2 25 | 28.5% | -30.5% | ||
| Q1 25 | 10.3% | -99.9% | ||
| Q4 24 | 38.7% | -36.6% | ||
| Q3 24 | 35.2% | -29.0% | ||
| Q2 24 | 34.7% | -14.3% |
| Q1 26 | 34.0% | — | ||
| Q4 25 | 33.1% | -8.9% | ||
| Q3 25 | 32.4% | -17.3% | ||
| Q2 25 | 22.6% | -28.3% | ||
| Q1 25 | 12.2% | -97.2% | ||
| Q4 24 | 30.8% | -32.3% | ||
| Q3 24 | 29.1% | -24.5% | ||
| Q2 24 | 28.0% | -9.5% |
| Q1 26 | $1.29 | — | ||
| Q4 25 | $1.33 | $-0.02 | ||
| Q3 25 | $1.25 | $-0.03 | ||
| Q2 25 | $0.83 | $-0.06 | ||
| Q1 25 | $0.43 | $-0.21 | ||
| Q4 24 | $1.00 | $-0.06 | ||
| Q3 24 | $0.90 | $-0.05 | ||
| Q2 24 | $0.81 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.5M |
| Total DebtLower is stronger | $514.4M | — |
| Stockholders' EquityBook value | $710.0M | $232.1M |
| Total Assets | $7.0B | $320.9M |
| Debt / EquityLower = less leverage | 0.72× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $104.5M | ||
| Q3 25 | — | $100.0M | ||
| Q2 25 | — | $105.0M | ||
| Q1 25 | — | $125.6M | ||
| Q4 24 | — | $142.5M | ||
| Q3 24 | — | $163.4M | ||
| Q2 24 | — | $187.4M |
| Q1 26 | $514.4M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $710.0M | — | ||
| Q4 25 | $696.6M | $232.1M | ||
| Q3 25 | $676.4M | $234.4M | ||
| Q2 25 | $652.1M | $238.8M | ||
| Q1 25 | $640.1M | $250.7M | ||
| Q4 24 | $531.2M | $289.4M | ||
| Q3 24 | $529.9M | $305.1M | ||
| Q2 24 | $508.3M | $329.4M |
| Q1 26 | $7.0B | — | ||
| Q4 25 | $7.0B | $320.9M | ||
| Q3 25 | $7.0B | $335.8M | ||
| Q2 25 | $6.9B | $354.0M | ||
| Q1 25 | $7.0B | $366.1M | ||
| Q4 24 | $5.8B | $420.2M | ||
| Q3 24 | $5.7B | $448.6M | ||
| Q2 24 | $5.7B | $475.3M |
| Q1 26 | 0.72× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $7.7M |
| Free Cash FlowOCF − Capex | — | $7.7M |
| FCF MarginFCF / Revenue | — | 21.0% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $63.9M | $7.7M | ||
| Q3 25 | $36.1M | $-2.1M | ||
| Q2 25 | $6.0M | $-14.9M | ||
| Q1 25 | $1.0M | $-12.2M | ||
| Q4 24 | $60.9M | $-12.0M | ||
| Q3 24 | $-14.5M | $-3.7M | ||
| Q2 24 | $14.5M | $-13.9M |
| Q1 26 | — | — | ||
| Q4 25 | $58.2M | $7.7M | ||
| Q3 25 | $35.4M | $-2.2M | ||
| Q2 25 | $4.5M | $-16.2M | ||
| Q1 25 | $-727.0K | $-14.3M | ||
| Q4 24 | $55.4M | $-13.3M | ||
| Q3 24 | $-16.2M | $-3.9M | ||
| Q2 24 | $13.2M | $-14.1M |
| Q1 26 | — | — | ||
| Q4 25 | 85.5% | 21.0% | ||
| Q3 25 | 54.1% | -6.1% | ||
| Q2 25 | 7.3% | -42.3% | ||
| Q1 25 | -1.2% | -34.7% | ||
| Q4 24 | 116.4% | -37.5% | ||
| Q3 24 | -36.0% | -9.7% | ||
| Q2 24 | 30.8% | -29.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.4% | 0.0% | ||
| Q3 25 | 1.1% | 0.2% | ||
| Q2 25 | 2.4% | 3.3% | ||
| Q1 25 | 2.9% | 5.3% | ||
| Q4 24 | 11.7% | 3.5% | ||
| Q3 24 | 3.8% | 0.6% | ||
| Q2 24 | 3.0% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | 2.83× | — | ||
| Q3 25 | 1.70× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 4.15× | — | ||
| Q3 24 | -1.11× | — | ||
| Q2 24 | 1.21× | — |
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% |
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
