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Side-by-side financial comparison of CSP INC (CSPI) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.
John Marshall Bancorp, Inc. is the larger business by last-quarter revenue ($16.8M vs $12.0M, roughly 1.4× CSP INC). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs 0.8%, a 35.6% gap on every dollar of revenue. Over the past eight quarters, John Marshall Bancorp, Inc.'s revenue compounded faster (15.3% CAGR vs -6.3%).
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.
CSPI vs JMSB — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $12.0M | $16.8M |
| Net Profit | $91.0K | $6.1M |
| Gross Margin | 39.3% | — |
| Operating Margin | -0.9% | — |
| Net Margin | 0.8% | 36.3% |
| Revenue YoY | -23.2% | — |
| Net Profit YoY | -80.7% | 26.8% |
| EPS (diluted) | $0.01 | $0.43 |
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 | — | $16.8M | ||
| Q4 25 | $12.0M | $16.4M | ||
| Q3 25 | $14.5M | $16.3M | ||
| Q2 25 | $15.4M | $15.4M | ||
| Q1 25 | $13.1M | $14.6M | ||
| Q4 24 | $15.7M | $14.3M | ||
| Q3 24 | $13.0M | $13.8M | ||
| Q2 24 | $13.1M | $12.6M |
| Q1 26 | — | $6.1M | ||
| Q4 25 | $91.0K | $5.9M | ||
| Q3 25 | $-191.0K | $5.4M | ||
| Q2 25 | $-264.0K | $5.1M | ||
| Q1 25 | $-108.0K | $4.8M | ||
| Q4 24 | $472.0K | $4.8M | ||
| Q3 24 | $-1.7M | $4.2M | ||
| Q2 24 | $-185.0K | $3.9M |
| Q1 26 | — | — | ||
| Q4 25 | 39.3% | — | ||
| Q3 25 | 36.6% | — | ||
| Q2 25 | 28.8% | — | ||
| Q1 25 | 32.0% | — | ||
| Q4 24 | 29.1% | — | ||
| Q3 24 | 28.4% | — | ||
| Q2 24 | 35.0% | — |
| Q1 26 | — | — | ||
| Q4 25 | -0.9% | 47.4% | ||
| Q3 25 | -3.7% | 42.2% | ||
| Q2 25 | -7.9% | 42.7% | ||
| Q1 25 | -7.6% | 42.4% | ||
| Q4 24 | -2.3% | 42.5% | ||
| Q3 24 | -15.7% | 38.8% | ||
| Q2 24 | -5.5% | 39.7% |
| Q1 26 | — | 36.3% | ||
| Q4 25 | 0.8% | 36.2% | ||
| Q3 25 | -1.3% | 33.2% | ||
| Q2 25 | -1.7% | 33.1% | ||
| Q1 25 | -0.8% | 32.9% | ||
| Q4 24 | 3.0% | 33.3% | ||
| Q3 24 | -12.7% | 30.7% | ||
| Q2 24 | -1.4% | 30.9% |
| Q1 26 | — | $0.43 | ||
| Q4 25 | $0.01 | $0.41 | ||
| Q3 25 | $-0.02 | $0.38 | ||
| Q2 25 | $-0.03 | $0.36 | ||
| Q1 25 | $-0.01 | $0.34 | ||
| Q4 24 | $0.05 | $0.33 | ||
| Q3 24 | $-0.17 | $0.30 | ||
| Q2 24 | $-0.02 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.9M | $150.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $44.8M | $268.1M |
| Total Assets | $69.2M | $2.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $150.2M | ||
| Q4 25 | $24.9M | $130.0M | ||
| Q3 25 | $27.4M | $163.6M | ||
| Q2 25 | $26.3M | $116.9M | ||
| Q1 25 | $29.5M | $169.1M | ||
| Q4 24 | $30.7M | $122.5M | ||
| Q3 24 | $30.6M | $177.2M | ||
| Q2 24 | $28.9M | $182.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | $80.9M | ||
| Q3 25 | — | $80.9M | ||
| Q2 25 | — | $80.8M | ||
| Q1 25 | — | $80.8M | ||
| Q4 24 | — | $80.8M | ||
| Q3 24 | — | $80.8M | ||
| Q2 24 | — | $24.7M |
| Q1 26 | — | $268.1M | ||
| Q4 25 | $44.8M | $265.6M | ||
| Q3 25 | $44.6M | $259.7M | ||
| Q2 25 | $47.5M | $253.7M | ||
| Q1 25 | $47.5M | $253.0M | ||
| Q4 24 | $47.5M | $246.6M | ||
| Q3 24 | $47.3M | $243.1M | ||
| Q2 24 | $48.1M | $235.3M |
| Q1 26 | — | $2.4B | ||
| Q4 25 | $69.2M | $2.3B | ||
| Q3 25 | $71.2M | $2.3B | ||
| Q2 25 | $66.8M | $2.3B | ||
| Q1 25 | $67.1M | $2.3B | ||
| Q4 24 | $67.5M | $2.2B | ||
| Q3 24 | $69.4M | $2.3B | ||
| Q2 24 | $66.8M | $2.3B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.30× | ||
| Q3 25 | — | 0.31× | ||
| Q2 25 | — | 0.32× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.33× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 0.11× |
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 | $-2.9M | — |
| Free Cash FlowOCF − Capex | $-3.0M | — |
| FCF MarginFCF / Revenue | -25.1% | — |
| Capex IntensityCapex / Revenue | 0.9% | — |
| Cash ConversionOCF / Net Profit | -32.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-2.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-2.9M | $22.6M | ||
| Q3 25 | $1.9M | $1.2M | ||
| Q2 25 | $-3.3M | $7.5M | ||
| Q1 25 | $1.9M | $7.0M | ||
| Q4 24 | $1.7M | $17.3M | ||
| Q3 24 | $-1.5M | $1.4M | ||
| Q2 24 | $2.4M | $10.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | $22.0M | ||
| Q3 25 | $1.7M | $1.2M | ||
| Q2 25 | $-3.3M | $7.4M | ||
| Q1 25 | $1.9M | $6.6M | ||
| Q4 24 | $1.7M | $16.8M | ||
| Q3 24 | $-1.5M | $1.3M | ||
| Q2 24 | $2.4M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | -25.1% | 134.7% | ||
| Q3 25 | 11.5% | 7.3% | ||
| Q2 25 | -21.7% | 47.8% | ||
| Q1 25 | 14.5% | 45.3% | ||
| Q4 24 | 10.8% | 116.9% | ||
| Q3 24 | -11.7% | 9.5% | ||
| Q2 24 | 17.9% | 80.1% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 3.4% | ||
| Q3 25 | 1.6% | 0.2% | ||
| Q2 25 | 0.4% | 1.0% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.3% | 3.4% | ||
| Q3 24 | 0.1% | 0.8% | ||
| Q2 24 | 0.3% | 0.4% |
| Q1 26 | — | — | ||
| Q4 25 | -32.04× | 3.82× | ||
| Q3 25 | — | 0.23× | ||
| Q2 25 | — | 1.48× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | 3.69× | 3.61× | ||
| Q3 24 | — | 0.33× | ||
| Q2 24 | — | 2.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
JMSB
| Net Interest Income | $16.5M | 98% |
| Noninterest Income | $284.0K | 2% |
