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Side-by-side financial comparison of CaliberCos Inc. (CWD) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.
CaliberCos Inc. is the larger business by last-quarter revenue ($4.1M vs $2.2M, roughly 1.8× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -188.3%, a 210.6% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs -52.5%). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs -57.6%).
CaliberCos Inc. is a U.S.-headquartered alternative asset management firm focused primarily on real estate investments. It offers a diverse suite of investment vehicles covering commercial, residential, and industrial real estate assets, serving institutional investors, high-net-worth individuals, and retail clients across North America. It also delivers asset management, property operation, and value-add real estate development services to support consistent long-term returns for investors.
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.
CWD vs MBBC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.1M | $2.2M |
| Net Profit | $-7.7M | $501.4K |
| Gross Margin | — | — |
| Operating Margin | -196.6% | 26.2% |
| Net Margin | -188.3% | 22.3% |
| Revenue YoY | -52.5% | 41.7% |
| Net Profit YoY | 32.2% | 880.7% |
| EPS (diluted) | $1.95 | $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 | $4.1M | $2.2M | ||
| Q3 25 | $3.6M | $2.1M | ||
| Q2 25 | $5.1M | $1.9M | ||
| Q1 25 | $7.3M | $1.7M | ||
| Q4 24 | $8.7M | $1.6M | ||
| Q3 24 | $11.3M | $1.6M | ||
| Q2 24 | $8.2M | $1.6M | ||
| Q1 24 | $23.0M | $1.6M |
| Q4 25 | $-7.7M | $501.4K | ||
| Q3 25 | $-4.4M | $444.3K | ||
| Q2 25 | $-5.3M | $-332.0K | ||
| Q1 25 | $-4.4M | $148.4K | ||
| Q4 24 | $-11.4M | $51.1K | ||
| Q3 24 | $146.0K | $174.9K | ||
| Q2 24 | $-4.7M | $85.8K | ||
| Q1 24 | $-3.8M | $-631.1K |
| Q4 25 | -196.6% | 26.2% | ||
| Q3 25 | -129.6% | 25.5% | ||
| Q2 25 | -112.4% | -25.7% | ||
| Q1 25 | -62.7% | 11.6% | ||
| Q4 24 | -236.8% | 3.3% | ||
| Q3 24 | 0.0% | 13.4% | ||
| Q2 24 | -65.0% | 4.1% | ||
| Q1 24 | -22.9% | -53.7% |
| Q4 25 | -188.3% | 22.3% | ||
| Q3 25 | -120.2% | 20.7% | ||
| Q2 25 | -104.5% | -18.9% | ||
| Q1 25 | -60.7% | 8.9% | ||
| Q4 24 | -247.6% | 3.2% | ||
| Q3 24 | 1.3% | 10.8% | ||
| Q2 24 | -57.8% | 6.2% | ||
| Q1 24 | -16.6% | -40.7% |
| Q4 25 | $1.95 | $0.19 | ||
| Q3 25 | $-1.65 | $0.17 | ||
| Q2 25 | $-4.15 | $-0.13 | ||
| Q1 25 | $-3.85 | $0.07 | ||
| Q4 24 | $-10.15 | $0.02 | ||
| Q3 24 | $0.12 | $0.06 | ||
| Q2 24 | $-4.34 | $0.07 | ||
| Q1 24 | $-3.53 | $-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 | $2.9M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3M | $46.9M |
| Total Assets | $135.4M | $248.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.9M | — | ||
| Q3 25 | $10.9M | — | ||
| Q2 25 | $683.0K | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $2.3M | — | ||
| Q3 24 | $1.6M | — | ||
| Q2 24 | $1.8M | — | ||
| Q1 24 | $2.1M | — |
| Q4 25 | $1.3M | $46.9M | ||
| Q3 25 | $4.2M | $46.3M | ||
| Q2 25 | $-19.9M | $45.7M | ||
| Q1 25 | $-15.8M | $32.0M | ||
| Q4 24 | $-12.6M | $31.7M | ||
| Q3 24 | $-3.8M | $31.6M | ||
| Q2 24 | $-4.7M | $31.3M | ||
| Q1 24 | $-745.0K | $31.4M |
| Q4 25 | $135.4M | $248.0M | ||
| Q3 25 | $82.6M | $246.0M | ||
| Q2 25 | $59.3M | $238.8M | ||
| Q1 25 | $103.6M | $236.8M | ||
| Q4 24 | $105.5M | $217.9M | ||
| Q3 24 | $158.6M | $216.5M | ||
| Q2 24 | $195.2M | $219.3M | ||
| Q1 24 | $201.5M | $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 | $-12.1M | $1.4M |
| Free Cash FlowOCF − Capex | — | $1.4M |
| FCF MarginFCF / Revenue | — | 62.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.82× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-12.1M | $1.4M | ||
| Q3 25 | $-4.6M | $464.0K | ||
| Q2 25 | $-1.2M | $1.4M | ||
| Q1 25 | $-1.7M | $849.0K | ||
| Q4 24 | $555.0K | $113.6K | ||
| Q3 24 | $-74.0K | $945.2K | ||
| Q2 24 | $1.4M | $416.6K | ||
| Q1 24 | $-1.5M | $-802.1K |
| Q4 25 | — | $1.4M | ||
| Q3 25 | — | $456.6K | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $773.2K | ||
| Q4 24 | — | $105.0K | ||
| Q3 24 | — | $921.6K | ||
| Q2 24 | — | $-1.8M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | — | 62.3% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 66.0% | ||
| Q1 25 | — | 46.3% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 57.1% | ||
| Q2 24 | — | -118.5% | ||
| Q1 24 | — | -67.9% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | 1.5% | ||
| Q2 24 | — | 145.2% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | — | 2.82× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.72× | ||
| Q4 24 | — | 2.22× | ||
| Q3 24 | -0.51× | 5.40× | ||
| Q2 24 | — | 4.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
