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Side-by-side financial comparison of CHEGG, INC (CHGG) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

CHEGG, INC is the larger business by last-quarter revenue ($72.7M vs $67.6M, roughly 1.1× MERCANTILE BANK CORP). Over the past eight quarters, MERCANTILE BANK CORP's revenue compounded faster (9.1% CAGR vs -35.4%).

Chegg, Inc., is an American educational technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services, powered by artificial intelligence. The company has 6.6 million subscribers. Chegg has been widely criticized for facilitating cheating and academic dishonesty among students.

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

CHGG vs MBWM — Head-to-Head

Bigger by revenue
CHGG
CHGG
1.1× larger
CHGG
$72.7M
$67.6M
MBWM
Faster 2-yr revenue CAGR
MBWM
MBWM
Annualised
MBWM
9.1%
-35.4%
CHGG

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
CHGG
CHGG
MBWM
MBWM
Revenue
$72.7M
$67.6M
Net Profit
$22.7M
Gross Margin
57.3%
Operating Margin
-47.2%
Net Margin
33.6%
Revenue YoY
-49.4%
Net Profit YoY
16.1%
EPS (diluted)
$-0.30
$1.32

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
CHGG
CHGG
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$72.7M
$62.1M
Q3 25
$77.7M
$62.4M
Q2 25
$105.1M
$60.9M
Q1 25
$121.4M
$57.3M
Q4 24
$143.5M
$58.5M
Q3 24
$136.6M
$58.0M
Q2 24
$163.1M
$56.8M
Net Profit
CHGG
CHGG
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$22.8M
Q3 25
$-17.5M
$23.8M
Q2 25
$-35.7M
$22.6M
Q1 25
$-17.5M
$19.5M
Q4 24
$19.6M
Q3 24
$-212.6M
$19.6M
Q2 24
$-616.9M
$18.8M
Gross Margin
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
57.3%
Q3 25
59.2%
Q2 25
66.3%
Q1 25
55.5%
Q4 24
68.2%
Q3 24
68.2%
Q2 24
72.2%
Operating Margin
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
-47.2%
42.0%
Q3 25
-22.0%
44.0%
Q2 25
-34.7%
42.6%
Q1 25
-23.9%
42.0%
Q4 24
-19.0%
39.7%
Q3 24
-162.7%
42.4%
Q2 24
-297.3%
41.4%
Net Margin
CHGG
CHGG
MBWM
MBWM
Q1 26
33.6%
Q4 25
36.8%
Q3 25
-22.5%
38.1%
Q2 25
-33.9%
37.1%
Q1 25
-14.4%
34.1%
Q4 24
33.5%
Q3 24
-155.7%
33.8%
Q2 24
-378.1%
33.1%
EPS (diluted)
CHGG
CHGG
MBWM
MBWM
Q1 26
$1.32
Q4 25
$-0.30
$1.41
Q3 25
$-0.16
$1.46
Q2 25
$-0.33
$1.39
Q1 25
$-0.17
$1.21
Q4 24
$-0.03
$1.20
Q3 24
$-2.05
$1.22
Q2 24
$-6.01
$1.17

Balance Sheet & Financial Strength

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

Metric
CHGG
CHGG
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$72.8M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$119.6M
$736.9M
Total Assets
$278.0M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
$72.8M
Q3 25
$96.4M
Q2 25
$85.6M
Q1 25
$88.3M
Q4 24
$315.7M
Q3 24
$361.1M
Q2 24
$345.5M
Total Debt
CHGG
CHGG
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CHGG
CHGG
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$119.6M
$724.9M
Q3 25
$146.1M
$657.6M
Q2 25
$157.9M
$631.5M
Q1 25
$185.7M
$608.3M
Q4 24
$193.0M
$584.5M
Q3 24
$185.0M
$583.3M
Q2 24
$365.5M
$551.2M
Total Assets
CHGG
CHGG
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$278.0M
$6.8B
Q3 25
$378.3M
$6.3B
Q2 25
$404.5M
$6.2B
Q1 25
$438.8M
$6.1B
Q4 24
$869.0M
$6.1B
Q3 24
$1.0B
$5.9B
Q2 24
$1.1B
$5.6B
Debt / Equity
CHGG
CHGG
MBWM
MBWM
Q1 26
0.00×
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
CHGG
CHGG
MBWM
MBWM
Operating Cash FlowLast quarter
$-9.0M
Free Cash FlowOCF − Capex
$-15.5M
FCF MarginFCF / Revenue
-21.3%
Capex IntensityCapex / Revenue
8.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-12.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
$-9.0M
$18.0M
Q3 25
$4.8M
$23.1M
Q2 25
$-4.8M
$-7.8M
Q1 25
$24.5M
$-3.0M
Q4 24
$18.1M
$101.1M
Q3 24
$39.5M
$-8.1M
Q2 24
$14.2M
$9.1M
Free Cash Flow
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
$-15.5M
Q3 25
$-943.0K
Q2 25
$-12.1M
Q1 25
$15.9M
Q4 24
$4.8M
Q3 24
$23.7M
Q2 24
$-3.6M
FCF Margin
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
-21.3%
Q3 25
-1.2%
Q2 25
-11.5%
Q1 25
13.1%
Q4 24
3.4%
Q3 24
17.3%
Q2 24
-2.2%
Capex Intensity
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
8.9%
Q3 25
7.4%
Q2 25
6.9%
Q1 25
7.1%
Q4 24
9.3%
Q3 24
11.6%
Q2 24
10.9%
Cash Conversion
CHGG
CHGG
MBWM
MBWM
Q1 26
Q4 25
0.79×
Q3 25
0.97×
Q2 25
-0.35×
Q1 25
-0.15×
Q4 24
5.15×
Q3 24
-0.41×
Q2 24
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHGG
CHGG

Segment breakdown not available.

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

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