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Side-by-side financial comparison of ECB Bancorp, Inc. (ECBK) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.

TriSalus Life Sciences, Inc. is the larger business by last-quarter revenue ($13.2M vs $9.5M, roughly 1.4× ECB Bancorp, Inc.). ECB Bancorp, Inc. runs the higher net margin — 27.3% vs -73.9%, a 101.2% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 33.8%). ECB Bancorp, Inc. produced more free cash flow last quarter ($9.0M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 23.8%).

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.

TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.

ECBK vs TLSI — Head-to-Head

Bigger by revenue
TLSI
TLSI
1.4× larger
TLSI
$13.2M
$9.5M
ECBK
Growing faster (revenue YoY)
TLSI
TLSI
+26.0% gap
TLSI
59.8%
33.8%
ECBK
Higher net margin
ECBK
ECBK
101.2% more per $
ECBK
27.3%
-73.9%
TLSI
More free cash flow
ECBK
ECBK
$11.5M more FCF
ECBK
$9.0M
$-2.5M
TLSI
Faster 2-yr revenue CAGR
TLSI
TLSI
Annualised
TLSI
43.0%
23.8%
ECBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ECBK
ECBK
TLSI
TLSI
Revenue
$9.5M
$13.2M
Net Profit
$2.6M
$-9.8M
Gross Margin
86.7%
Operating Margin
36.7%
-24.8%
Net Margin
27.3%
-73.9%
Revenue YoY
33.8%
59.8%
Net Profit YoY
79.5%
3.5%
EPS (diluted)
$0.32
$-0.22

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
TLSI
TLSI
Q4 25
$9.5M
$13.2M
Q3 25
$8.8M
$11.6M
Q2 25
$8.0M
$11.2M
Q1 25
$6.9M
$9.2M
Q4 24
$7.1M
$8.3M
Q3 24
$6.6M
$7.3M
Q2 24
$6.3M
$7.4M
Q1 24
$6.2M
$6.5M
Net Profit
ECBK
ECBK
TLSI
TLSI
Q4 25
$2.6M
$-9.8M
Q3 25
$2.4M
$-10.8M
Q2 25
$1.4M
$-8.3M
Q1 25
$1.3M
$-10.4M
Q4 24
$1.4M
$-10.1M
Q3 24
$1.1M
$-2.4M
Q2 24
$791.0K
$-4.3M
Q1 24
$621.0K
$-13.2M
Gross Margin
ECBK
ECBK
TLSI
TLSI
Q4 25
86.7%
Q3 25
83.5%
Q2 25
83.9%
Q1 25
83.7%
Q4 24
85.3%
Q3 24
86.3%
Q2 24
87.6%
Q1 24
85.0%
Operating Margin
ECBK
ECBK
TLSI
TLSI
Q4 25
36.7%
-24.8%
Q3 25
37.0%
-77.9%
Q2 25
23.9%
-65.4%
Q1 25
24.9%
-79.9%
Q4 24
27.3%
-91.8%
Q3 24
23.3%
-118.9%
Q2 24
16.9%
-111.0%
Q1 24
13.4%
-180.8%
Net Margin
ECBK
ECBK
TLSI
TLSI
Q4 25
27.3%
-73.9%
Q3 25
27.7%
-93.5%
Q2 25
18.0%
-73.9%
Q1 25
18.7%
-113.2%
Q4 24
20.3%
-122.4%
Q3 24
17.2%
-32.6%
Q2 24
12.6%
-58.8%
Q1 24
10.0%
-204.5%
EPS (diluted)
ECBK
ECBK
TLSI
TLSI
Q4 25
$0.32
$-0.22
Q3 25
$0.29
$-0.96
Q2 25
$0.17
$-0.27
Q1 25
$0.16
$-0.39
Q4 24
$0.18
$-0.38
Q3 24
$0.14
$-0.12
Q2 24
$0.09
$-0.21
Q1 24
$0.07
$-0.60

Balance Sheet & Financial Strength

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

Metric
ECBK
ECBK
TLSI
TLSI
Cash + ST InvestmentsLiquidity on hand
$82.8M
$20.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$171.9M
$-33.9M
Total Assets
$1.6B
$35.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ECBK
ECBK
TLSI
TLSI
Q4 25
$82.8M
$20.4M
Q3 25
$201.9M
$22.7M
Q2 25
$191.0M
$26.5M
Q1 25
$143.7M
$13.0M
Q4 24
$309.4M
$8.5M
Q3 24
$114.8M
$11.3M
Q2 24
$108.7M
$16.5M
Q1 24
$109.8M
$4.0M
Stockholders' Equity
ECBK
ECBK
TLSI
TLSI
Q4 25
$171.9M
$-33.9M
Q3 25
$169.3M
$-26.7M
Q2 25
$168.3M
$-19.4M
Q1 25
$168.6M
$-34.4M
Q4 24
$168.3M
$-25.9M
Q3 24
$166.0M
$-20.4M
Q2 24
$166.5M
$-25.3M
Q1 24
$165.8M
$-36.0M
Total Assets
ECBK
ECBK
TLSI
TLSI
Q4 25
$1.6B
$35.3M
Q3 25
$1.6B
$36.5M
Q2 25
$1.5B
$41.3M
Q1 25
$1.5B
$28.6M
Q4 24
$1.4B
$24.0M
Q3 24
$1.4B
$27.5M
Q2 24
$1.3B
$32.4M
Q1 24
$1.3B
$17.9M

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
TLSI
TLSI
Operating Cash FlowLast quarter
$9.2M
$-2.5M
Free Cash FlowOCF − Capex
$9.0M
$-2.5M
FCF MarginFCF / Revenue
94.7%
-19.1%
Capex IntensityCapex / Revenue
2.2%
0.3%
Cash ConversionOCF / Net Profit
3.55×
TTM Free Cash FlowTrailing 4 quarters
$14.2M
$-19.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ECBK
ECBK
TLSI
TLSI
Q4 25
$9.2M
$-2.5M
Q3 25
$4.0M
$-3.7M
Q2 25
$1.9M
$-7.3M
Q1 25
$-631.0K
$-4.5M
Q4 24
$6.2M
$-5.7M
Q3 24
$861.0K
$-10.8M
Q2 24
$1.4M
$-13.4M
Q1 24
$-429.0K
$-10.9M
Free Cash Flow
ECBK
ECBK
TLSI
TLSI
Q4 25
$9.0M
$-2.5M
Q3 25
$4.0M
$-3.9M
Q2 25
$1.8M
$-7.4M
Q1 25
$-649.0K
$-5.3M
Q4 24
$6.2M
$-5.8M
Q3 24
$-11.0M
Q2 24
$1.3M
$-13.5M
Q1 24
$-449.0K
$-10.9M
FCF Margin
ECBK
ECBK
TLSI
TLSI
Q4 25
94.7%
-19.1%
Q3 25
44.9%
-33.9%
Q2 25
23.0%
-66.1%
Q1 25
-9.4%
-57.3%
Q4 24
86.8%
-69.7%
Q3 24
-149.9%
Q2 24
21.4%
-183.1%
Q1 24
-7.2%
-169.3%
Capex Intensity
ECBK
ECBK
TLSI
TLSI
Q4 25
2.2%
0.3%
Q3 25
0.8%
1.9%
Q2 25
0.6%
0.8%
Q1 25
0.3%
8.2%
Q4 24
0.8%
0.6%
Q3 24
0.0%
2.3%
Q2 24
0.6%
0.8%
Q1 24
0.3%
1.0%
Cash Conversion
ECBK
ECBK
TLSI
TLSI
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×

Financial Flow Comparison

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

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