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Side-by-side financial comparison of CG Oncology, Inc. (CGON) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.
CG Oncology, Inc. is the larger business by last-quarter revenue ($2.3M vs $2.2M, roughly 1.0× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -1779.0%, a 1801.3% gap on every dollar of revenue. On growth, CG Oncology, Inc. posted the faster year-over-year revenue change (409.2% vs 41.7%). Marathon Bancorp, Inc. produced more free cash flow last quarter ($1.4M vs $-36.2M).
CG Oncology, Inc. is a clinical-stage biotechnology company focused on developing innovative targeted immunotherapies for urological cancers including non-muscle invasive bladder cancer. It primarily operates in the U.S. market, advancing pipeline candidates to address unmet medical needs for patients with limited treatment options.
Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.
CGON vs MBBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.3M | $2.2M |
| Net Profit | $-41.3M | $501.4K |
| Gross Margin | — | — |
| Operating Margin | -2097.3% | 26.2% |
| Net Margin | -1779.0% | 22.3% |
| Revenue YoY | 409.2% | 41.7% |
| Net Profit YoY | -29.9% | 880.7% |
| EPS (diluted) | $-0.52 | $0.19 |
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 | $2.3M | $2.2M | ||
| Q3 25 | $1.7M | $2.1M | ||
| Q2 25 | $0 | $1.9M | ||
| Q1 25 | — | $1.7M | ||
| Q4 24 | $456.0K | $1.6M | ||
| Q3 24 | — | $1.6M | ||
| Q2 24 | — | $1.6M | ||
| Q1 24 | $529.0K | $1.6M |
| Q4 25 | $-41.3M | $501.4K | ||
| Q3 25 | $-43.8M | $444.3K | ||
| Q2 25 | $-41.4M | $-332.0K | ||
| Q1 25 | — | $148.4K | ||
| Q4 24 | $-31.8M | $51.1K | ||
| Q3 24 | — | $174.9K | ||
| Q2 24 | — | $85.8K | ||
| Q1 24 | $-16.9M | $-631.1K |
| Q4 25 | -2097.3% | 26.2% | ||
| Q3 25 | -3069.0% | 25.5% | ||
| Q2 25 | — | -25.7% | ||
| Q1 25 | — | 11.6% | ||
| Q4 24 | -8344.1% | 3.3% | ||
| Q3 24 | — | 13.4% | ||
| Q2 24 | — | 4.1% | ||
| Q1 24 | -4247.4% | -53.7% |
| Q4 25 | -1779.0% | 22.3% | ||
| Q3 25 | -2629.5% | 20.7% | ||
| Q2 25 | — | -18.9% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | -6973.7% | 3.2% | ||
| Q3 24 | — | 10.8% | ||
| Q2 24 | — | 6.2% | ||
| Q1 24 | -3200.8% | -40.7% |
| Q4 25 | $-0.52 | $0.19 | ||
| Q3 25 | $-0.57 | $0.17 | ||
| Q2 25 | $-0.54 | $-0.13 | ||
| Q1 25 | — | $0.07 | ||
| Q4 24 | $-0.47 | $0.02 | ||
| Q3 24 | — | $0.06 | ||
| Q2 24 | — | $0.07 | ||
| Q1 24 | $-0.36 | $-0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $742.2M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $752.6M | $46.9M |
| Total Assets | $791.6M | $248.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $742.2M | — | ||
| Q3 25 | $680.3M | — | ||
| Q2 25 | $661.1M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $742.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $566.5M | — |
| Q4 25 | $752.6M | $46.9M | ||
| Q3 25 | $687.6M | $46.3M | ||
| Q2 25 | $670.4M | $45.7M | ||
| Q1 25 | — | $32.0M | ||
| Q4 24 | $733.4M | $31.7M | ||
| Q3 24 | — | $31.6M | ||
| Q2 24 | — | $31.3M | ||
| Q1 24 | $568.9M | $31.4M |
| Q4 25 | $791.6M | $248.0M | ||
| Q3 25 | $729.9M | $246.0M | ||
| Q2 25 | $701.4M | $238.8M | ||
| Q1 25 | — | $236.8M | ||
| Q4 24 | $754.8M | $217.9M | ||
| Q3 24 | — | $216.5M | ||
| Q2 24 | — | $219.3M | ||
| Q1 24 | $579.1M | $225.8M |
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 | $-36.2M | $1.4M |
| Free Cash FlowOCF − Capex | $-36.2M | $1.4M |
| FCF MarginFCF / Revenue | -1560.0% | 62.3% |
| Capex IntensityCapex / Revenue | 0.3% | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.82× |
| TTM Free Cash FlowTrailing 4 quarters | $-124.1M | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-36.2M | $1.4M | ||
| Q3 25 | $-38.9M | $464.0K | ||
| Q2 25 | $-28.0M | $1.4M | ||
| Q1 25 | — | $849.0K | ||
| Q4 24 | $-20.7M | $113.6K | ||
| Q3 24 | — | $945.2K | ||
| Q2 24 | — | $416.6K | ||
| Q1 24 | $-26.0M | $-802.1K |
| Q4 25 | $-36.2M | $1.4M | ||
| Q3 25 | $-39.0M | $456.6K | ||
| Q2 25 | $-28.0M | $1.3M | ||
| Q1 25 | — | $773.2K | ||
| Q4 24 | $-20.9M | $105.0K | ||
| Q3 24 | — | $921.6K | ||
| Q2 24 | — | $-1.8M | ||
| Q1 24 | $-26.0M | $-1.1M |
| Q4 25 | -1560.0% | 62.3% | ||
| Q3 25 | -2340.4% | 21.3% | ||
| Q2 25 | — | 66.0% | ||
| Q1 25 | — | 46.3% | ||
| Q4 24 | -4577.0% | 6.6% | ||
| Q3 24 | — | 57.1% | ||
| Q2 24 | — | -118.5% | ||
| Q1 24 | -4919.5% | -67.9% |
| Q4 25 | 0.3% | 0.6% | ||
| Q3 25 | 5.8% | 0.3% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | 45.8% | 0.5% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 145.2% | ||
| Q1 24 | 2.3% | 16.2% |
| Q4 25 | — | 2.82× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.72× | ||
| Q4 24 | — | 2.22× | ||
| Q3 24 | — | 5.40× | ||
| Q2 24 | — | 4.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
