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Side-by-side financial comparison of Castellum, Inc. (CTM) and FIRST UNITED CORP (FUNC). Click either name above to swap in a different company.

FIRST UNITED CORP is the larger business by last-quarter revenue ($23.2M vs $12.6M, roughly 1.8× Castellum, Inc.). FIRST UNITED CORP runs the higher net margin — 24.9% vs -10.5%, a 35.4% gap on every dollar of revenue. On growth, Castellum, Inc. posted the faster year-over-year revenue change (21.9% vs 11.9%). Over the past eight quarters, FIRST UNITED CORP's revenue compounded faster (11.5% CAGR vs 5.3%).

Castellum, Inc. is a U.S.-based cybersecurity and information technology services provider. It caters to government defense agencies, public sector entities, and commercial enterprise clients, offering threat detection, data protection, cloud security, and managed IT solutions to help organizations mitigate cyber risks and safeguard critical digital infrastructure.

United Breweries Holdings Limited (UBHL), also called UB Group, is the Indian subsidiary of Heineken N.V.. It is headquartered in UB City, Bangalore, Karnataka. Its core business includes beverages and investments in various sectors. The company markets beer under the Kingfisher brand, and owns various other brands of alcoholic beverages. United Breweries is India's largest producer of beer.

CTM vs FUNC — Head-to-Head

Bigger by revenue
FUNC
FUNC
1.8× larger
FUNC
$23.2M
$12.6M
CTM
Growing faster (revenue YoY)
CTM
CTM
+10.1% gap
CTM
21.9%
11.9%
FUNC
Higher net margin
FUNC
FUNC
35.4% more per $
FUNC
24.9%
-10.5%
CTM
Faster 2-yr revenue CAGR
FUNC
FUNC
Annualised
FUNC
11.5%
5.3%
CTM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTM
CTM
FUNC
FUNC
Revenue
$12.6M
$23.2M
Net Profit
$-1.3M
$5.8M
Gross Margin
33.9%
Operating Margin
-11.1%
32.9%
Net Margin
-10.5%
24.9%
Revenue YoY
21.9%
11.9%
Net Profit YoY
51.8%
-6.6%
EPS (diluted)
$-0.02
$0.89

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
CTM
CTM
FUNC
FUNC
Q4 25
$12.6M
$23.2M
Q3 25
$14.6M
$22.7M
Q2 25
$14.0M
$21.8M
Q1 25
$11.7M
$20.9M
Q4 24
$10.3M
$20.8M
Q3 24
$11.6M
$20.3M
Q2 24
$11.5M
$20.1M
Q1 24
$11.3M
$18.7M
Net Profit
CTM
CTM
FUNC
FUNC
Q4 25
$-1.3M
$5.8M
Q3 25
$415.4K
$6.9M
Q2 25
$-322.1K
$6.0M
Q1 25
$-1.2M
$5.8M
Q4 24
$-2.7M
$6.2M
Q3 24
$-1.3M
$5.8M
Q2 24
$-1.8M
$4.9M
Q1 24
$-4.1M
$3.7M
Gross Margin
CTM
CTM
FUNC
FUNC
Q4 25
33.9%
Q3 25
37.6%
Q2 25
36.1%
Q1 25
39.0%
Q4 24
40.0%
Q3 24
42.7%
Q2 24
40.6%
Q1 24
39.8%
Operating Margin
CTM
CTM
FUNC
FUNC
Q4 25
-11.1%
32.9%
Q3 25
3.0%
40.6%
Q2 25
-2.7%
36.5%
Q1 25
-12.7%
36.8%
Q4 24
-15.7%
39.2%
Q3 24
-11.9%
38.0%
Q2 24
-13.6%
32.5%
Q1 24
-23.6%
26.0%
Net Margin
CTM
CTM
FUNC
FUNC
Q4 25
-10.5%
24.9%
Q3 25
2.8%
30.6%
Q2 25
-2.3%
27.5%
Q1 25
-10.0%
27.7%
Q4 24
-26.6%
29.8%
Q3 24
-11.0%
28.5%
Q2 24
-16.0%
24.5%
Q1 24
-36.3%
19.8%
EPS (diluted)
CTM
CTM
FUNC
FUNC
Q4 25
$-0.02
$0.89
Q3 25
$0.00
$1.07
Q2 25
$0.00
$0.92
Q1 25
$-0.01
$0.89
Q4 24
$-0.05
$0.95
Q3 24
$-0.02
$0.89
Q2 24
$-0.03
$0.75
Q1 24
$-0.08
$0.56

Balance Sheet & Financial Strength

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

Metric
CTM
CTM
FUNC
FUNC
Cash + ST InvestmentsLiquidity on hand
$131.6M
Total DebtLower is stronger
$95.9M
Stockholders' EquityBook value
$35.8M
$203.6M
Total Assets
$41.9M
$2.1B
Debt / EquityLower = less leverage
0.47×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTM
CTM
FUNC
FUNC
Q4 25
$131.6M
Q3 25
$95.2M
Q2 25
$79.1M
Q1 25
$84.4M
Q4 24
$78.3M
Q3 24
$62.4M
Q2 24
$45.1M
Q1 24
$86.9M
Total Debt
CTM
CTM
FUNC
FUNC
Q4 25
$95.9M
Q3 25
$95.9M
Q2 25
$120.9M
Q1 25
$120.9M
Q4 24
$8.0M
$120.9M
Q3 24
$8.3M
$120.9M
Q2 24
$8.7M
$70.9M
Q1 24
$9.0M
$70.9M
Stockholders' Equity
CTM
CTM
FUNC
FUNC
Q4 25
$35.8M
$203.6M
Q3 25
$36.7M
$199.1M
Q2 25
$31.8M
$191.1M
Q1 25
$26.1M
$183.7M
Q4 24
$20.2M
$179.3M
Q3 24
$12.0M
$174.0M
Q2 24
$12.1M
$164.2M
Q1 24
$12.8M
$165.5M
Total Assets
CTM
CTM
FUNC
FUNC
Q4 25
$41.9M
$2.1B
Q3 25
$46.3M
$2.0B
Q2 25
$43.4M
$2.0B
Q1 25
$41.1M
$2.0B
Q4 24
$37.8M
$2.0B
Q3 24
$28.8M
$1.9B
Q2 24
$29.5M
$1.9B
Q1 24
$30.5M
$1.9B
Debt / Equity
CTM
CTM
FUNC
FUNC
Q4 25
0.47×
Q3 25
0.48×
Q2 25
0.63×
Q1 25
0.66×
Q4 24
0.40×
0.67×
Q3 24
0.69×
0.70×
Q2 24
0.72×
0.43×
Q1 24
0.70×
0.43×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTM
CTM
FUNC
FUNC
Operating Cash FlowLast quarter
$-661.7K
$19.4M
Free Cash FlowOCF − Capex
$15.4M
FCF MarginFCF / Revenue
66.3%
Capex IntensityCapex / Revenue
17.1%
Cash ConversionOCF / Net Profit
3.35×
TTM Free Cash FlowTrailing 4 quarters
$22.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTM
CTM
FUNC
FUNC
Q4 25
$-661.7K
$19.4M
Q3 25
$1.0M
$1.5M
Q2 25
$214.2K
$995.0K
Q1 25
$-2.5M
$7.0M
Q4 24
$-394.4K
$22.3M
Q3 24
$742.2K
$2.3M
Q2 24
$748.6K
$7.2M
Q1 24
$23.7K
$3.6M
Free Cash Flow
CTM
CTM
FUNC
FUNC
Q4 25
$15.4M
Q3 25
$957.0K
$168.0K
Q2 25
$706.0K
Q1 25
$6.4M
Q4 24
$20.4M
Q3 24
$738.9K
$588.0K
Q2 24
$7.0M
Q1 24
$3.5M
FCF Margin
CTM
CTM
FUNC
FUNC
Q4 25
66.3%
Q3 25
6.5%
0.7%
Q2 25
3.2%
Q1 25
30.5%
Q4 24
98.1%
Q3 24
6.4%
2.9%
Q2 24
35.1%
Q1 24
18.9%
Capex Intensity
CTM
CTM
FUNC
FUNC
Q4 25
17.1%
Q3 25
0.3%
5.9%
Q2 25
1.3%
Q1 25
2.8%
Q4 24
0.0%
9.3%
Q3 24
0.0%
8.4%
Q2 24
0.0%
0.6%
Q1 24
0.0%
0.3%
Cash Conversion
CTM
CTM
FUNC
FUNC
Q4 25
3.35×
Q3 25
2.41×
0.22×
Q2 25
0.17×
Q1 25
1.20×
Q4 24
3.60×
Q3 24
0.40×
Q2 24
1.46×
Q1 24
0.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTM
CTM

Segment breakdown not available.

FUNC
FUNC

Trust Department$9.8M42%
Other$5.6M24%
Debit Card Income$4.1M17%
Service Charges$2.3M10%
Brokerage Commissions$1.4M6%

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