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Side-by-side financial comparison of ENNIS, INC. (EBF) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $67.6M, roughly 1.5× MERCANTILE BANK CORP). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 10.8%, a 22.8% gap on every dollar of revenue. Over the past eight quarters, MERCANTILE BANK CORP's revenue compounded faster (9.1% CAGR vs 1.4%).

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

EBF vs MBWM — Head-to-Head

Bigger by revenue
EBF
EBF
1.5× larger
EBF
$100.2M
$67.6M
MBWM
Higher net margin
MBWM
MBWM
22.8% more per $
MBWM
33.6%
10.8%
EBF
Faster 2-yr revenue CAGR
MBWM
MBWM
Annualised
MBWM
9.1%
1.4%
EBF

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
EBF
EBF
MBWM
MBWM
Revenue
$100.2M
$67.6M
Net Profit
$10.8M
$22.7M
Gross Margin
31.9%
Operating Margin
15.0%
Net Margin
10.8%
33.6%
Revenue YoY
0.4%
Net Profit YoY
6.1%
16.1%
EPS (diluted)
$0.42
$1.32

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
EBF
EBF
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$100.2M
$62.1M
Q3 25
$98.7M
$62.4M
Q2 25
$97.2M
$60.9M
Q1 25
$92.7M
$57.3M
Q4 24
$99.8M
$58.5M
Q3 24
$99.0M
$58.0M
Q2 24
$103.1M
$56.8M
Net Profit
EBF
EBF
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$10.8M
$22.8M
Q3 25
$13.2M
$23.8M
Q2 25
$9.8M
$22.6M
Q1 25
$9.0M
$19.5M
Q4 24
$10.2M
$19.6M
Q3 24
$10.3M
$19.6M
Q2 24
$10.7M
$18.8M
Gross Margin
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
31.9%
Q3 25
30.5%
Q2 25
31.1%
Q1 25
29.5%
Q4 24
29.3%
Q3 24
30.1%
Q2 24
30.0%
Operating Margin
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
15.0%
42.0%
Q3 25
12.5%
44.0%
Q2 25
13.7%
42.6%
Q1 25
13.0%
42.0%
Q4 24
13.1%
39.7%
Q3 24
13.3%
42.4%
Q2 24
13.3%
41.4%
Net Margin
EBF
EBF
MBWM
MBWM
Q1 26
33.6%
Q4 25
10.8%
36.8%
Q3 25
13.3%
38.1%
Q2 25
10.1%
37.1%
Q1 25
9.7%
34.1%
Q4 24
10.2%
33.5%
Q3 24
10.4%
33.8%
Q2 24
10.4%
33.1%
EPS (diluted)
EBF
EBF
MBWM
MBWM
Q1 26
$1.32
Q4 25
$0.42
$1.41
Q3 25
$0.51
$1.46
Q2 25
$0.38
$1.39
Q1 25
$0.34
$1.21
Q4 24
$0.39
$1.20
Q3 24
$0.40
$1.22
Q2 24
$0.41
$1.17

Balance Sheet & Financial Strength

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

Metric
EBF
EBF
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$31.3M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$304.8M
$736.9M
Total Assets
$354.3M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
$31.3M
Q3 25
$31.9M
Q2 25
$32.6M
Q1 25
$72.5M
Q4 24
$68.6M
Q3 24
$122.6M
Q2 24
$123.7M
Total Debt
EBF
EBF
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
EBF
EBF
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$304.8M
$724.9M
Q3 25
$305.4M
$657.6M
Q2 25
$301.2M
$631.5M
Q1 25
$302.0M
$608.3M
Q4 24
$297.7M
$584.5M
Q3 24
$358.4M
$583.3M
Q2 24
$354.4M
$551.2M
Total Assets
EBF
EBF
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$354.3M
$6.8B
Q3 25
$361.8M
$6.3B
Q2 25
$361.7M
$6.2B
Q1 25
$348.9M
$6.1B
Q4 24
$346.1M
$6.1B
Q3 24
$406.8M
$5.9B
Q2 24
$406.2M
$5.6B
Debt / Equity
EBF
EBF
MBWM
MBWM
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
EBF
EBF
MBWM
MBWM
Operating Cash FlowLast quarter
$16.4M
Free Cash FlowOCF − Capex
$15.7M
FCF MarginFCF / Revenue
15.7%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
1.52×
TTM Free Cash FlowTrailing 4 quarters
$42.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
$16.4M
$18.0M
Q3 25
$10.5M
$23.1M
Q2 25
$8.0M
$-7.8M
Q1 25
$12.8M
$-3.0M
Q4 24
$18.2M
$101.1M
Q3 24
$11.8M
$-8.1M
Q2 24
$23.1M
$9.1M
Free Cash Flow
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
$15.7M
Q3 25
$9.0M
Q2 25
$6.6M
Q1 25
$11.1M
Q4 24
$17.5M
Q3 24
$10.7M
Q2 24
$20.6M
FCF Margin
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
15.7%
Q3 25
9.2%
Q2 25
6.8%
Q1 25
12.0%
Q4 24
17.6%
Q3 24
10.8%
Q2 24
20.0%
Capex Intensity
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
0.7%
Q3 25
1.4%
Q2 25
1.4%
Q1 25
1.8%
Q4 24
0.6%
Q3 24
1.1%
Q2 24
2.4%
Cash Conversion
EBF
EBF
MBWM
MBWM
Q1 26
Q4 25
1.52×
0.79×
Q3 25
0.80×
0.97×
Q2 25
0.81×
-0.35×
Q1 25
1.41×
-0.15×
Q4 24
1.78×
5.15×
Q3 24
1.15×
-0.41×
Q2 24
2.16×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EBF
EBF

Segment breakdown not available.

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

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