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Side-by-side financial comparison of Commercial Bancgroup, Inc. (CBK) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

Commercial Bancgroup, Inc. is the larger business by last-quarter revenue ($23.1M vs $13.8M, roughly 1.7× FENNEC PHARMACEUTICALS INC.). Commercial Bancgroup, Inc. runs the higher net margin — 41.3% vs -34.7%, a 76.1% gap on every dollar of revenue.

Commercial Bancgroup, Inc. operates as a U.S. regional bank holding company that provides a full suite of retail and commercial banking products and services to individual consumers, small and medium-sized businesses, and local institutional clients. Its core offerings include deposit accounts, lending solutions, wealth management, and tailored financial advisory services for regional markets.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

CBK vs FENC — Head-to-Head

Bigger by revenue
CBK
CBK
1.7× larger
CBK
$23.1M
$13.8M
FENC
Higher net margin
CBK
CBK
76.1% more per $
CBK
41.3%
-34.7%
FENC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CBK
CBK
FENC
FENC
Revenue
$23.1M
$13.8M
Net Profit
$9.5M
$-4.8M
Gross Margin
Operating Margin
-18.5%
Net Margin
41.3%
-34.7%
Revenue YoY
73.8%
Net Profit YoY
9.7%
-141.1%
EPS (diluted)
$0.69
$-0.17

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
CBK
CBK
FENC
FENC
Q1 26
$23.1M
Q4 25
$23.5M
$13.8M
Q3 25
$22.8M
$12.5M
Q2 25
$9.7M
Q1 25
$8.8M
Q4 24
$7.9M
Q3 24
$7.0M
Q2 24
$7.3M
Net Profit
CBK
CBK
FENC
FENC
Q1 26
$9.5M
Q4 25
$9.9M
$-4.8M
Q3 25
$9.5M
$-638.0K
Q2 25
$-3.2M
Q1 25
$-1.2M
Q4 24
$-2.0M
Q3 24
$-5.7M
Q2 24
$-5.6M
Operating Margin
CBK
CBK
FENC
FENC
Q1 26
Q4 25
-18.5%
Q3 25
53.8%
-1.5%
Q2 25
-28.3%
Q1 25
-9.2%
Q4 24
-11.8%
Q3 24
-74.6%
Q2 24
-69.4%
Net Margin
CBK
CBK
FENC
FENC
Q1 26
41.3%
Q4 25
42.2%
-34.7%
Q3 25
41.4%
-5.1%
Q2 25
-32.7%
Q1 25
-13.3%
Q4 24
-25.0%
Q3 24
-82.2%
Q2 24
-76.5%
EPS (diluted)
CBK
CBK
FENC
FENC
Q1 26
$0.69
Q4 25
$0.72
$-0.17
Q3 25
$0.77
$-0.02
Q2 25
$-0.11
Q1 25
$-0.04
Q4 24
$-0.02
Q3 24
$-0.21
Q2 24
$-0.20

Balance Sheet & Financial Strength

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

Metric
CBK
CBK
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$36.8M
Total DebtLower is stronger
$118.2M
Stockholders' EquityBook value
$35.5M
Total Assets
$2.3B
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CBK
CBK
FENC
FENC
Q1 26
Q4 25
$36.8M
Q3 25
$154.8M
$21.9M
Q2 25
$18.7M
Q1 25
$22.7M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Total Debt
CBK
CBK
FENC
FENC
Q1 26
$118.2M
Q4 25
$166.8M
Q3 25
$100.1M
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Stockholders' Equity
CBK
CBK
FENC
FENC
Q1 26
Q4 25
$35.5M
Q3 25
$245.2M
$-4.5M
Q2 25
$-7.5M
Q1 25
$-5.9M
Q4 24
$-5.9M
Q3 24
$-5.2M
Q2 24
$-1.4M
Total Assets
CBK
CBK
FENC
FENC
Q1 26
$2.3B
Q4 25
$2.3B
$70.6M
Q3 25
$2.2B
$49.3M
Q2 25
$44.9M
Q1 25
$46.4M
Q4 24
$44.9M
Q3 24
$58.9M
Q2 24
$63.2M
Debt / Equity
CBK
CBK
FENC
FENC
Q1 26
Q4 25
Q3 25
0.41×
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
CBK
CBK
FENC
FENC
Operating Cash FlowLast quarter
$-6.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CBK
CBK
FENC
FENC
Q1 26
Q4 25
$-6.0M
Q3 25
$28.0M
$1.5M
Q2 25
$-3.7M
Q1 25
$-4.3M
Q4 24
$-1.5M
Q3 24
$-2.2M
Q2 24
$-8.4M
Free Cash Flow
CBK
CBK
FENC
FENC
Q1 26
Q4 25
Q3 25
$26.5M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
CBK
CBK
FENC
FENC
Q1 26
Q4 25
Q3 25
115.8%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
CBK
CBK
FENC
FENC
Q1 26
Q4 25
Q3 25
6.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
CBK
CBK
FENC
FENC
Q1 26
Q4 25
Q3 25
2.96×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

CBK
CBK

Net Interest Income$20.5M89%
Noninterest Income$2.6M11%

FENC
FENC

Segment breakdown not available.

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