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Side-by-side financial comparison of ECB Bancorp, Inc. (ECBK) and FENNEC PHARMACEUTICALS INC. (FENC). Click either name above to swap in a different company.

FENNEC PHARMACEUTICALS INC. is the larger business by last-quarter revenue ($13.8M vs $9.5M, roughly 1.4× ECB Bancorp, Inc.). ECB Bancorp, Inc. runs the higher net margin — 27.3% vs -34.7%, a 62.0% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 33.8%). Over the past eight quarters, ECB Bancorp, Inc.'s revenue compounded faster (23.8% CAGR vs -26.3%).

ECB Bancorp, Inc. (MD) is a US-based bank holding company. It offers a full suite of retail and commercial banking products including deposit accounts, consumer loans, commercial financing and wealth management solutions, primarily serving individuals and small-to-mid enterprises across local markets in Maryland.

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

ECBK vs FENC — Head-to-Head

Bigger by revenue
FENC
FENC
1.4× larger
FENC
$13.8M
$9.5M
ECBK
Growing faster (revenue YoY)
FENC
FENC
+40.0% gap
FENC
73.8%
33.8%
ECBK
Higher net margin
ECBK
ECBK
62.0% more per $
ECBK
27.3%
-34.7%
FENC
Faster 2-yr revenue CAGR
ECBK
ECBK
Annualised
ECBK
23.8%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECBK
ECBK
FENC
FENC
Revenue
$9.5M
$13.8M
Net Profit
$2.6M
$-4.8M
Gross Margin
Operating Margin
36.7%
-18.5%
Net Margin
27.3%
-34.7%
Revenue YoY
33.8%
73.8%
Net Profit YoY
79.5%
-141.1%
EPS (diluted)
$0.32
$-0.17

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
ECBK
ECBK
FENC
FENC
Q4 25
$9.5M
$13.8M
Q3 25
$8.8M
$12.5M
Q2 25
$8.0M
$9.7M
Q1 25
$6.9M
$8.8M
Q4 24
$7.1M
$7.9M
Q3 24
$6.6M
$7.0M
Q2 24
$6.3M
$7.3M
Q1 24
$6.2M
$25.4M
Net Profit
ECBK
ECBK
FENC
FENC
Q4 25
$2.6M
$-4.8M
Q3 25
$2.4M
$-638.0K
Q2 25
$1.4M
$-3.2M
Q1 25
$1.3M
$-1.2M
Q4 24
$1.4M
$-2.0M
Q3 24
$1.1M
$-5.7M
Q2 24
$791.0K
$-5.6M
Q1 24
$621.0K
$12.8M
Operating Margin
ECBK
ECBK
FENC
FENC
Q4 25
36.7%
-18.5%
Q3 25
37.0%
-1.5%
Q2 25
23.9%
-28.3%
Q1 25
24.9%
-9.2%
Q4 24
27.3%
-11.8%
Q3 24
23.3%
-74.6%
Q2 24
16.9%
-69.4%
Q1 24
13.4%
54.2%
Net Margin
ECBK
ECBK
FENC
FENC
Q4 25
27.3%
-34.7%
Q3 25
27.7%
-5.1%
Q2 25
18.0%
-32.7%
Q1 25
18.7%
-13.3%
Q4 24
20.3%
-25.0%
Q3 24
17.2%
-82.2%
Q2 24
12.6%
-76.5%
Q1 24
10.0%
50.6%
EPS (diluted)
ECBK
ECBK
FENC
FENC
Q4 25
$0.32
$-0.17
Q3 25
$0.29
$-0.02
Q2 25
$0.17
$-0.11
Q1 25
$0.16
$-0.04
Q4 24
$0.18
$-0.02
Q3 24
$0.14
$-0.21
Q2 24
$0.09
$-0.20
Q1 24
$0.07
$0.41

Balance Sheet & Financial Strength

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

Metric
ECBK
ECBK
FENC
FENC
Cash + ST InvestmentsLiquidity on hand
$82.8M
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$171.9M
$35.5M
Total Assets
$1.6B
$70.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECBK
ECBK
FENC
FENC
Q4 25
$82.8M
$36.8M
Q3 25
$201.9M
$21.9M
Q2 25
$191.0M
$18.7M
Q1 25
$143.7M
$22.7M
Q4 24
$309.4M
$26.6M
Q3 24
$114.8M
$40.3M
Q2 24
$108.7M
$43.1M
Q1 24
$109.8M
$51.2M
Total Debt
ECBK
ECBK
FENC
FENC
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
ECBK
ECBK
FENC
FENC
Q4 25
$171.9M
$35.5M
Q3 25
$169.3M
$-4.5M
Q2 25
$168.3M
$-7.5M
Q1 25
$168.6M
$-5.9M
Q4 24
$168.3M
$-5.9M
Q3 24
$166.0M
$-5.2M
Q2 24
$166.5M
$-1.4M
Q1 24
$165.8M
$3.0M
Total Assets
ECBK
ECBK
FENC
FENC
Q4 25
$1.6B
$70.6M
Q3 25
$1.6B
$49.3M
Q2 25
$1.5B
$44.9M
Q1 25
$1.5B
$46.4M
Q4 24
$1.4B
$44.9M
Q3 24
$1.4B
$58.9M
Q2 24
$1.3B
$63.2M
Q1 24
$1.3B
$69.2M
Debt / Equity
ECBK
ECBK
FENC
FENC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
ECBK
ECBK
FENC
FENC
Operating Cash FlowLast quarter
$9.2M
$-6.0M
Free Cash FlowOCF − Capex
$9.0M
FCF MarginFCF / Revenue
94.7%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.55×
TTM Free Cash FlowTrailing 4 quarters
$14.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECBK
ECBK
FENC
FENC
Q4 25
$9.2M
$-6.0M
Q3 25
$4.0M
$1.5M
Q2 25
$1.9M
$-3.7M
Q1 25
$-631.0K
$-4.3M
Q4 24
$6.2M
$-1.5M
Q3 24
$861.0K
$-2.2M
Q2 24
$1.4M
$-8.4M
Q1 24
$-429.0K
$39.0M
Free Cash Flow
ECBK
ECBK
FENC
FENC
Q4 25
$9.0M
Q3 25
$4.0M
Q2 25
$1.8M
Q1 25
$-649.0K
Q4 24
$6.2M
Q3 24
Q2 24
$1.3M
Q1 24
$-449.0K
FCF Margin
ECBK
ECBK
FENC
FENC
Q4 25
94.7%
Q3 25
44.9%
Q2 25
23.0%
Q1 25
-9.4%
Q4 24
86.8%
Q3 24
Q2 24
21.4%
Q1 24
-7.2%
Capex Intensity
ECBK
ECBK
FENC
FENC
Q4 25
2.2%
Q3 25
0.8%
Q2 25
0.6%
Q1 25
0.3%
Q4 24
0.8%
Q3 24
0.0%
Q2 24
0.6%
Q1 24
0.3%
Cash Conversion
ECBK
ECBK
FENC
FENC
Q4 25
3.55×
Q3 25
1.65×
Q2 25
1.32×
Q1 25
-0.49×
Q4 24
4.31×
Q3 24
0.76×
Q2 24
1.75×
Q1 24
-0.69×
3.04×

Financial Flow Comparison

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

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