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Side-by-side financial comparison of Eastern Bankshares, Inc. (EBC) and Emergent BioSolutions Inc. (EBS). Click either name above to swap in a different company.

Eastern Bankshares, Inc. is the larger business by last-quarter revenue ($295.9M vs $148.7M, roughly 2.0× Emergent BioSolutions Inc.). Eastern Bankshares, Inc. runs the higher net margin — 22.1% vs -36.7%, a 58.8% gap on every dollar of revenue. On growth, Eastern Bankshares, Inc. posted the faster year-over-year revenue change (710.6% vs -23.6%). Over the past eight quarters, Eastern Bankshares, Inc.'s revenue compounded faster (38.6% CAGR vs -29.6%).

Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.

Emergent BioSolutions Inc. is an American multinational specialty biopharmaceutical company headquartered in Gaithersburg, Maryland. It develops vaccines and antibody therapeutics for infectious diseases and opioid overdoses, and it provides medical devices for biodefense purposes.

EBC vs EBS — Head-to-Head

Bigger by revenue
EBC
EBC
2.0× larger
EBC
$295.9M
$148.7M
EBS
Growing faster (revenue YoY)
EBC
EBC
+734.2% gap
EBC
710.6%
-23.6%
EBS
Higher net margin
EBC
EBC
58.8% more per $
EBC
22.1%
-36.7%
EBS
Faster 2-yr revenue CAGR
EBC
EBC
Annualised
EBC
38.6%
-29.6%
EBS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
EBC
EBC
EBS
EBS
Revenue
$295.9M
$148.7M
Net Profit
$65.3M
$-54.6M
Gross Margin
42.9%
Operating Margin
-18.8%
Net Margin
22.1%
-36.7%
Revenue YoY
710.6%
-23.6%
Net Profit YoY
-34.4%
-74.4%
EPS (diluted)
$0.29
$-0.95

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
EBC
EBC
EBS
EBS
Q1 26
$295.9M
Q4 25
$37.5M
$148.7M
Q3 25
$241.5M
$231.1M
Q2 25
$244.9M
$140.9M
Q1 25
$31.1M
$222.2M
Q4 24
$216.5M
$194.7M
Q3 24
$203.4M
$293.8M
Q2 24
$154.0M
$254.7M
Net Profit
EBC
EBC
EBS
EBS
Q1 26
$65.3M
Q4 25
$99.5M
$-54.6M
Q3 25
$106.1M
$51.2M
Q2 25
$100.2M
$-12.0M
Q1 25
$-217.7M
$68.0M
Q4 24
$60.8M
$-31.3M
Q3 24
$-6.2M
$114.8M
Q2 24
$26.3M
$-283.1M
Gross Margin
EBC
EBC
EBS
EBS
Q1 26
Q4 25
42.9%
Q3 25
62.8%
Q2 25
52.5%
Q1 25
60.2%
Q4 24
39.4%
Q3 24
54.9%
Q2 24
-18.8%
Operating Margin
EBC
EBC
EBS
EBS
Q1 26
Q4 25
-18.8%
Q3 25
38.9%
33.1%
Q2 25
41.0%
1.1%
Q1 25
-590.9%
22.5%
Q4 24
33.3%
-4.9%
Q3 24
-1.6%
22.0%
Q2 24
24.7%
-79.9%
Net Margin
EBC
EBC
EBS
EBS
Q1 26
22.1%
Q4 25
265.6%
-36.7%
Q3 25
44.0%
22.2%
Q2 25
40.9%
-8.5%
Q1 25
-699.2%
30.6%
Q4 24
28.1%
-16.1%
Q3 24
-3.0%
39.1%
Q2 24
17.1%
-111.2%
EPS (diluted)
EBC
EBC
EBS
EBS
Q1 26
$0.29
Q4 25
$0.48
$-0.95
Q3 25
$0.53
$0.91
Q2 25
$0.50
$-0.22
Q1 25
$-1.08
$1.19
Q4 24
$0.29
$-0.45
Q3 24
$-0.03
$2.06
Q2 24
$0.16
$-5.38

Balance Sheet & Financial Strength

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

Metric
EBC
EBC
EBS
EBS
Cash + ST InvestmentsLiquidity on hand
$551.7M
$205.4M
Total DebtLower is stronger
$589.7M
Stockholders' EquityBook value
$4.3B
$522.6M
Total Assets
$30.6B
$1.3B
Debt / EquityLower = less leverage
1.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBC
EBC
EBS
EBS
Q1 26
$551.7M
Q4 25
$507.6M
$205.4M
Q3 25
$703.4M
$245.5M
Q2 25
$948.3M
$267.3M
Q1 25
$609.0M
$149.1M
Q4 24
$1.9B
$99.5M
Q3 24
$1.7B
$149.9M
Q2 24
$1.4B
$69.7M
Total Debt
EBC
EBC
EBS
EBS
Q1 26
Q4 25
$589.7M
Q3 25
$693.1M
Q2 25
$700.0M
Q1 25
$700.0M
Q4 24
$700.0M
Q3 24
$700.8M
Q2 24
$863.8M
Stockholders' Equity
EBC
EBC
EBS
EBS
Q1 26
$4.3B
Q4 25
$4.3B
$522.6M
Q3 25
$3.8B
$582.5M
Q2 25
$3.7B
$536.2M
Q1 25
$3.6B
$552.7M
Q4 24
$3.6B
$482.8M
Q3 24
$3.7B
$508.4M
Q2 24
$3.0B
$386.3M
Total Assets
EBC
EBC
EBS
EBS
Q1 26
$30.6B
Q4 25
$30.6B
$1.3B
Q3 25
$25.5B
$1.5B
Q2 25
$25.5B
$1.4B
Q1 25
$25.0B
$1.4B
Q4 24
$25.6B
$1.4B
Q3 24
$25.5B
$1.5B
Q2 24
$21.0B
$1.5B
Debt / Equity
EBC
EBC
EBS
EBS
Q1 26
Q4 25
1.13×
Q3 25
1.19×
Q2 25
1.31×
Q1 25
1.27×
Q4 24
1.45×
Q3 24
1.38×
Q2 24
2.24×

Cash Flow & Capital Efficiency

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

Metric
EBC
EBC
EBS
EBS
Operating Cash FlowLast quarter
$77.7M
Free Cash FlowOCF − Capex
$73.8M
FCF MarginFCF / Revenue
49.6%
Capex IntensityCapex / Revenue
2.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$156.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBC
EBC
EBS
EBS
Q1 26
Q4 25
$432.4M
$77.7M
Q3 25
$157.1M
$-2.3M
Q2 25
$123.9M
$106.4M
Q1 25
$47.3M
$-11.2M
Q4 24
$283.8M
$-79.9M
Q3 24
$108.3M
$153.7M
Q2 24
$54.3M
$47.5M
Free Cash Flow
EBC
EBC
EBS
EBS
Q1 26
Q4 25
$73.8M
Q3 25
$-5.7M
Q2 25
$103.5M
Q1 25
$-14.8M
Q4 24
$-81.6M
Q3 24
$147.9M
Q2 24
$42.9M
FCF Margin
EBC
EBC
EBS
EBS
Q1 26
Q4 25
49.6%
Q3 25
-2.5%
Q2 25
73.5%
Q1 25
-6.7%
Q4 24
-41.9%
Q3 24
50.3%
Q2 24
16.8%
Capex Intensity
EBC
EBC
EBS
EBS
Q1 26
Q4 25
2.6%
Q3 25
1.5%
Q2 25
2.1%
Q1 25
1.6%
Q4 24
0.9%
Q3 24
2.0%
Q2 24
1.8%
Cash Conversion
EBC
EBC
EBS
EBS
Q1 26
Q4 25
4.35×
Q3 25
1.48×
-0.04×
Q2 25
1.24×
Q1 25
-0.16×
Q4 24
4.67×
Q3 24
1.34×
Q2 24
2.06×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBC
EBC

Segment breakdown not available.

EBS
EBS

Medical Countermeasures MCM Product$99.2M67%
Commercial Products Segment$38.4M26%
All Other Revenue$11.1M7%

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