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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $67.6M, roughly 1.1× MERCANTILE BANK CORP). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 10.9%, a 22.6% gap on every dollar of revenue.

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

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 ...

CHR vs MBWM — Head-to-Head

Bigger by revenue
CHR
CHR
1.1× larger
CHR
$71.0M
$67.6M
MBWM
Higher net margin
MBWM
MBWM
22.6% more per $
MBWM
33.6%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q1 FY2026

Metric
CHR
CHR
MBWM
MBWM
Revenue
$71.0M
$67.6M
Net Profit
$7.8M
$22.7M
Gross Margin
70.7%
Operating Margin
11.7%
Net Margin
10.9%
33.6%
Revenue YoY
-0.1%
Net Profit YoY
-37.5%
16.1%
EPS (diluted)
$0.67
$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
CHR
CHR
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$62.1M
Q3 25
$62.4M
Q2 25
$71.0M
$60.9M
Q1 25
$57.3M
Q4 24
$58.5M
Q3 24
$58.0M
Q2 24
$71.1M
$56.8M
Net Profit
CHR
CHR
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$22.8M
Q3 25
$23.8M
Q2 25
$7.8M
$22.6M
Q1 25
$19.5M
Q4 24
$19.6M
Q3 24
$19.6M
Q2 24
$12.4M
$18.8M
Gross Margin
CHR
CHR
MBWM
MBWM
Q1 26
Q4 25
Q3 25
Q2 25
70.7%
Q1 25
Q4 24
Q3 24
Q2 24
73.4%
Operating Margin
CHR
CHR
MBWM
MBWM
Q1 26
Q4 25
42.0%
Q3 25
44.0%
Q2 25
11.7%
42.6%
Q1 25
42.0%
Q4 24
39.7%
Q3 24
42.4%
Q2 24
16.4%
41.4%
Net Margin
CHR
CHR
MBWM
MBWM
Q1 26
33.6%
Q4 25
36.8%
Q3 25
38.1%
Q2 25
10.9%
37.1%
Q1 25
34.1%
Q4 24
33.5%
Q3 24
33.8%
Q2 24
17.5%
33.1%
EPS (diluted)
CHR
CHR
MBWM
MBWM
Q1 26
$1.32
Q4 25
$1.41
Q3 25
$1.46
Q2 25
$0.67
$1.39
Q1 25
$1.21
Q4 24
$1.20
Q3 24
$1.22
Q2 24
$1.23
$1.17

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$322.1M
$736.9M
Total Assets
$362.7M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
MBWM
MBWM
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$186.1M
Total Debt
CHR
CHR
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
CHR
CHR
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$724.9M
Q3 25
$657.6M
Q2 25
$322.1M
$631.5M
Q1 25
$608.3M
Q4 24
$584.5M
Q3 24
$583.3M
Q2 24
$286.1M
$551.2M
Total Assets
CHR
CHR
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$6.8B
Q3 25
$6.3B
Q2 25
$362.7M
$6.2B
Q1 25
$6.1B
Q4 24
$6.1B
Q3 24
$5.9B
Q2 24
$333.2M
$5.6B
Debt / Equity
CHR
CHR
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
CHR
CHR
MBWM
MBWM
Operating Cash FlowLast quarter
$3.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.51×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
MBWM
MBWM
Q1 26
Q4 25
$18.0M
Q3 25
$23.1M
Q2 25
$3.9M
$-7.8M
Q1 25
$-3.0M
Q4 24
$101.1M
Q3 24
$-8.1M
Q2 24
$-6.7M
$9.1M
Cash Conversion
CHR
CHR
MBWM
MBWM
Q1 26
Q4 25
0.79×
Q3 25
0.97×
Q2 25
0.51×
-0.35×
Q1 25
-0.15×
Q4 24
5.15×
Q3 24
-0.41×
Q2 24
-0.54×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHR
CHR

Segment breakdown not available.

MBWM
MBWM

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

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