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Side-by-side financial comparison of DBV Technologies S.A. (DBVT) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.

DBV Technologies S.A. is the larger business by last-quarter revenue ($2.8M vs $2.2M, roughly 1.2× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -1195.5%, a 1217.8% gap on every dollar of revenue. On growth, DBV Technologies S.A. posted the faster year-over-year revenue change (158.8% vs 41.7%). Marathon Bancorp, Inc. produced more free cash flow last quarter ($1.4M vs $-32.6M). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs 12.4%).

DBV Technologies SA is a publicly owned French biopharmaceutical firm headquartered in Bagneux, France. DBV Technologies is known for developing "Viaskin" technology for administering allergens or antigens to intact skin while avoiding any transfer to the blood. Viaskin Peanut clinical development has received Fast Track designation from the US Food and Drug Administration.

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.

DBVT vs MBBC — Head-to-Head

Bigger by revenue
DBVT
DBVT
1.2× larger
DBVT
$2.8M
$2.2M
MBBC
Growing faster (revenue YoY)
DBVT
DBVT
+117.1% gap
DBVT
158.8%
41.7%
MBBC
Higher net margin
MBBC
MBBC
1217.8% more per $
MBBC
22.3%
-1195.5%
DBVT
More free cash flow
MBBC
MBBC
$34.0M more FCF
MBBC
$1.4M
$-32.6M
DBVT
Faster 2-yr revenue CAGR
MBBC
MBBC
Annualised
MBBC
20.3%
12.4%
DBVT

Income Statement — Q3 FY2025 vs Q2 FY2026

Metric
DBVT
DBVT
MBBC
MBBC
Revenue
$2.8M
$2.2M
Net Profit
$-33.2M
$501.4K
Gross Margin
Operating Margin
-1235.7%
26.2%
Net Margin
-1195.5%
22.3%
Revenue YoY
158.8%
41.7%
Net Profit YoY
-8.9%
880.7%
EPS (diluted)
$-0.24
$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.

Revenue
DBVT
DBVT
MBBC
MBBC
Q4 25
$2.2M
Q3 25
$2.8M
$2.1M
Q2 25
$1.5M
$1.9M
Q1 25
$1.7M
Q4 24
$1.6M
Q3 24
$1.6M
Q2 24
$1.2M
$1.6M
Q1 24
$1.4M
$1.6M
Net Profit
DBVT
DBVT
MBBC
MBBC
Q4 25
$501.4K
Q3 25
$-33.2M
$444.3K
Q2 25
$-41.9M
$-332.0K
Q1 25
$148.4K
Q4 24
$51.1K
Q3 24
$174.9K
Q2 24
$-33.1M
$85.8K
Q1 24
$-27.3M
$-631.1K
Operating Margin
DBVT
DBVT
MBBC
MBBC
Q4 25
26.2%
Q3 25
-1235.7%
25.5%
Q2 25
-2806.2%
-25.7%
Q1 25
11.6%
Q4 24
3.3%
Q3 24
13.4%
Q2 24
-2914.9%
4.1%
Q1 24
-2029.7%
-53.7%
Net Margin
DBVT
DBVT
MBBC
MBBC
Q4 25
22.3%
Q3 25
-1195.5%
20.7%
Q2 25
-2858.4%
-18.9%
Q1 25
8.9%
Q4 24
3.2%
Q3 24
10.8%
Q2 24
-2852.4%
6.2%
Q1 24
-1943.5%
-40.7%
EPS (diluted)
DBVT
DBVT
MBBC
MBBC
Q4 25
$0.19
Q3 25
$-0.24
$0.17
Q2 25
$-0.31
$-0.13
Q1 25
$0.07
Q4 24
$0.02
Q3 24
$0.06
Q2 24
$-0.34
$0.07
Q1 24
$-0.28
$-0.31

Balance Sheet & Financial Strength

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

Metric
DBVT
DBVT
MBBC
MBBC
Cash + ST InvestmentsLiquidity on hand
$69.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$52.9M
$46.9M
Total Assets
$110.5M
$248.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DBVT
DBVT
MBBC
MBBC
Q4 25
Q3 25
$69.8M
Q2 25
$103.2M
Q1 25
Q4 24
Q3 24
Q2 24
$66.2M
Q1 24
$101.5M
Stockholders' Equity
DBVT
DBVT
MBBC
MBBC
Q4 25
$46.9M
Q3 25
$52.9M
$46.3M
Q2 25
$86.2M
$45.7M
Q1 25
$32.0M
Q4 24
$31.7M
Q3 24
$31.6M
Q2 24
$79.1M
$31.3M
Q1 24
$111.7M
$31.4M
Total Assets
DBVT
DBVT
MBBC
MBBC
Q4 25
$248.0M
Q3 25
$110.5M
$246.0M
Q2 25
$143.4M
$238.8M
Q1 25
$236.8M
Q4 24
$217.9M
Q3 24
$216.5M
Q2 24
$114.2M
$219.3M
Q1 24
$145.9M
$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
DBVT
DBVT
MBBC
MBBC
Operating Cash FlowLast quarter
$-32.4M
$1.4M
Free Cash FlowOCF − Capex
$-32.6M
$1.4M
FCF MarginFCF / Revenue
-1173.5%
62.3%
Capex IntensityCapex / Revenue
4.2%
0.6%
Cash ConversionOCF / Net Profit
2.82×
TTM Free Cash FlowTrailing 4 quarters
$-138.3M
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DBVT
DBVT
MBBC
MBBC
Q4 25
$1.4M
Q3 25
$-32.4M
$464.0K
Q2 25
$-33.9M
$1.4M
Q1 25
$849.0K
Q4 24
$113.6K
Q3 24
$945.2K
Q2 24
$-35.1M
$416.6K
Q1 24
$-34.7M
$-802.1K
Free Cash Flow
DBVT
DBVT
MBBC
MBBC
Q4 25
$1.4M
Q3 25
$-32.6M
$456.6K
Q2 25
$-33.9M
$1.3M
Q1 25
$773.2K
Q4 24
$105.0K
Q3 24
$921.6K
Q2 24
$-35.8M
$-1.8M
Q1 24
$-36.0M
$-1.1M
FCF Margin
DBVT
DBVT
MBBC
MBBC
Q4 25
62.3%
Q3 25
-1173.5%
21.3%
Q2 25
-2316.5%
66.0%
Q1 25
46.3%
Q4 24
6.6%
Q3 24
57.1%
Q2 24
-3084.0%
-118.5%
Q1 24
-2560.6%
-67.9%
Capex Intensity
DBVT
DBVT
MBBC
MBBC
Q4 25
0.6%
Q3 25
4.2%
0.3%
Q2 25
2.2%
9.3%
Q1 25
4.5%
Q4 24
0.5%
Q3 24
1.5%
Q2 24
63.0%
145.2%
Q1 24
94.9%
16.2%
Cash Conversion
DBVT
DBVT
MBBC
MBBC
Q4 25
2.82×
Q3 25
1.04×
Q2 25
Q1 25
5.72×
Q4 24
2.22×
Q3 24
5.40×
Q2 24
4.85×
Q1 24

Financial Flow Comparison

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

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