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Side-by-side financial comparison of DYNAVAX TECHNOLOGIES CORP (DVAX) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

DYNAVAX TECHNOLOGIES CORP is the larger business by last-quarter revenue ($94.9M vs $62.0M, roughly 1.5× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 28.4%, a 3.0% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 17.7%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $32.6M). Over the past eight quarters, DYNAVAX TECHNOLOGIES CORP's revenue compounded faster (30.6% CAGR vs 21.1%).

Dynavax Technologies Corp is a commercial-stage biopharmaceutical company specializing in the research, development, and production of innovative vaccines and immunotherapies for infectious diseases. Its lead approved product is Heplisav-B, an adult hepatitis B vaccine, with core markets in North America and Europe, alongside a pipeline of candidates addressing unmet public health needs.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

DVAX vs MPB — Head-to-Head

Bigger by revenue
DVAX
DVAX
1.5× larger
DVAX
$94.9M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+13.1% gap
MPB
30.8%
17.7%
DVAX
Higher net margin
MPB
MPB
3.0% more per $
MPB
31.4%
28.4%
DVAX
More free cash flow
MPB
MPB
$39.2M more FCF
MPB
$71.8M
$32.6M
DVAX
Faster 2-yr revenue CAGR
DVAX
DVAX
Annualised
DVAX
30.6%
21.1%
MPB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DVAX
DVAX
MPB
MPB
Revenue
$94.9M
$62.0M
Net Profit
$26.9M
$19.4M
Gross Margin
Operating Margin
22.4%
43.6%
Net Margin
28.4%
31.4%
Revenue YoY
17.7%
30.8%
Net Profit YoY
53.0%
47.0%
EPS (diluted)
$0.21
$0.83

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
DVAX
DVAX
MPB
MPB
Q4 25
$62.0M
Q3 25
$94.9M
$61.8M
Q2 25
$95.4M
$54.3M
Q1 25
$68.2M
$47.7M
Q4 24
$72.0M
$47.4M
Q3 24
$80.6M
$45.3M
Q2 24
$73.8M
$44.1M
Q1 24
$50.8M
$42.3M
Net Profit
DVAX
DVAX
MPB
MPB
Q4 25
$19.4M
Q3 25
$26.9M
$18.3M
Q2 25
$18.7M
$4.8M
Q1 25
$-96.1M
$13.7M
Q4 24
$7.0M
$13.2M
Q3 24
$17.6M
$12.3M
Q2 24
$11.4M
$11.8M
Q1 24
$-8.7M
$12.1M
Operating Margin
DVAX
DVAX
MPB
MPB
Q4 25
43.6%
Q3 25
22.4%
39.3%
Q2 25
15.1%
7.9%
Q1 25
-34.7%
35.2%
Q4 24
-2.3%
34.1%
Q3 24
12.5%
32.8%
Q2 24
7.0%
32.4%
Q1 24
-35.0%
34.8%
Net Margin
DVAX
DVAX
MPB
MPB
Q4 25
31.4%
Q3 25
28.4%
29.6%
Q2 25
19.6%
8.8%
Q1 25
-141.0%
28.8%
Q4 24
9.8%
27.9%
Q3 24
21.8%
27.1%
Q2 24
15.4%
26.7%
Q1 24
-17.2%
28.7%
EPS (diluted)
DVAX
DVAX
MPB
MPB
Q4 25
$0.83
Q3 25
$0.21
$0.79
Q2 25
$0.14
$0.22
Q1 25
$-0.77
$0.71
Q4 24
$0.07
$0.72
Q3 24
$0.12
$0.74
Q2 24
$0.08
$0.71
Q1 24
$-0.07
$0.73

Balance Sheet & Financial Strength

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

Metric
DVAX
DVAX
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$160.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$534.1M
$814.1M
Total Assets
$946.5M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DVAX
DVAX
MPB
MPB
Q4 25
Q3 25
$160.2M
Q2 25
$99.1M
Q1 25
$51.7M
Q4 24
$95.9M
Q3 24
$119.3M
Q2 24
$112.5M
Q1 24
$132.0M
Stockholders' Equity
DVAX
DVAX
MPB
MPB
Q4 25
$814.1M
Q3 25
$534.1M
$796.3M
Q2 25
$494.2M
$775.7M
Q1 25
$530.9M
$667.9M
Q4 24
$596.8M
$655.0M
Q3 24
$681.4M
$573.1M
Q2 24
$642.8M
$559.7M
Q1 24
$618.5M
$551.0M
Total Assets
DVAX
DVAX
MPB
MPB
Q4 25
$6.1B
Q3 25
$946.5M
$6.3B
Q2 25
$918.4M
$6.4B
Q1 25
$945.9M
$5.5B
Q4 24
$986.3M
$5.5B
Q3 24
$1.1B
$5.5B
Q2 24
$1.0B
$5.4B
Q1 24
$986.6M
$5.3B

Cash Flow & Capital Efficiency

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

Metric
DVAX
DVAX
MPB
MPB
Operating Cash FlowLast quarter
$33.8M
$80.0M
Free Cash FlowOCF − Capex
$32.6M
$71.8M
FCF MarginFCF / Revenue
34.4%
115.8%
Capex IntensityCapex / Revenue
1.3%
13.3%
Cash ConversionOCF / Net Profit
1.26×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$80.5M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DVAX
DVAX
MPB
MPB
Q4 25
$80.0M
Q3 25
$33.8M
$26.3M
Q2 25
$23.4M
$29.0M
Q1 25
$-19.6M
$11.5M
Q4 24
$53.0M
$51.4M
Q3 24
$19.5M
$16.9M
Q2 24
$10.7M
$18.0M
Q1 24
$-16.7M
$12.4M
Free Cash Flow
DVAX
DVAX
MPB
MPB
Q4 25
$71.8M
Q3 25
$32.6M
$24.3M
Q2 25
$22.0M
$27.2M
Q1 25
$-23.6M
$8.8M
Q4 24
$49.5M
$44.5M
Q3 24
$18.1M
$16.8M
Q2 24
$9.9M
$17.7M
Q1 24
$-17.4M
$12.1M
FCF Margin
DVAX
DVAX
MPB
MPB
Q4 25
115.8%
Q3 25
34.4%
39.4%
Q2 25
23.0%
50.1%
Q1 25
-34.6%
18.4%
Q4 24
68.8%
93.8%
Q3 24
22.5%
37.1%
Q2 24
13.5%
40.2%
Q1 24
-34.3%
28.5%
Capex Intensity
DVAX
DVAX
MPB
MPB
Q4 25
13.3%
Q3 25
1.3%
3.1%
Q2 25
1.5%
3.2%
Q1 25
5.8%
5.7%
Q4 24
4.8%
14.6%
Q3 24
1.7%
0.0%
Q2 24
1.1%
0.7%
Q1 24
1.5%
0.8%
Cash Conversion
DVAX
DVAX
MPB
MPB
Q4 25
4.12×
Q3 25
1.26×
1.44×
Q2 25
1.25×
6.08×
Q1 25
0.84×
Q4 24
7.52×
3.88×
Q3 24
1.11×
1.37×
Q2 24
0.94×
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DVAX
DVAX

HEPLISAVB$90.0M95%
US Department Of Defense$4.7M5%

MPB
MPB

Segment breakdown not available.

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