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Side-by-side financial comparison of EASTERN CO (EML) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

MERCANTILE BANK CORP is the larger business by last-quarter revenue ($67.6M vs $55.3M, roughly 1.2× EASTERN CO). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 1.0%, a 32.5% gap on every dollar of revenue. Over the past eight quarters, MERCANTILE BANK CORP's revenue compounded faster (9.1% CAGR vs -0.6%).

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

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 ...

EML vs MBWM — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.2× larger
MBWM
$67.6M
$55.3M
EML
Higher net margin
MBWM
MBWM
32.5% more per $
MBWM
33.6%
1.0%
EML
Faster 2-yr revenue CAGR
MBWM
MBWM
Annualised
MBWM
9.1%
-0.6%
EML

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
EML
EML
MBWM
MBWM
Revenue
$55.3M
$67.6M
Net Profit
$578.9K
$22.7M
Gross Margin
22.3%
Operating Margin
3.1%
Net Margin
1.0%
33.6%
Revenue YoY
-22.4%
Net Profit YoY
103.8%
16.1%
EPS (diluted)
$0.10
$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
EML
EML
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$62.1M
Q3 25
$55.3M
$62.4M
Q2 25
$70.2M
$60.9M
Q1 25
$63.3M
$57.3M
Q4 24
$64.3M
$58.5M
Q3 24
$71.3M
$58.0M
Q2 24
$72.6M
$56.8M
Net Profit
EML
EML
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$22.8M
Q3 25
$578.9K
$23.8M
Q2 25
$3.4M
$22.6M
Q1 25
$1.9M
$19.5M
Q4 24
$1.3M
$19.6M
Q3 24
$-15.3M
$19.6M
Q2 24
$3.5M
$18.8M
Gross Margin
EML
EML
MBWM
MBWM
Q1 26
Q4 25
Q3 25
22.3%
Q2 25
23.3%
Q1 25
22.4%
Q4 24
23.6%
Q3 24
25.5%
Q2 24
25.4%
Operating Margin
EML
EML
MBWM
MBWM
Q1 26
Q4 25
42.0%
Q3 25
3.1%
44.0%
Q2 25
4.5%
42.6%
Q1 25
5.1%
42.0%
Q4 24
6.1%
39.7%
Q3 24
9.5%
42.4%
Q2 24
8.3%
41.4%
Net Margin
EML
EML
MBWM
MBWM
Q1 26
33.6%
Q4 25
36.8%
Q3 25
1.0%
38.1%
Q2 25
4.9%
37.1%
Q1 25
3.1%
34.1%
Q4 24
2.0%
33.5%
Q3 24
-21.5%
33.8%
Q2 24
4.8%
33.1%
EPS (diluted)
EML
EML
MBWM
MBWM
Q1 26
$1.32
Q4 25
$1.41
Q3 25
$0.10
$1.46
Q2 25
$0.56
$1.39
Q1 25
$0.32
$1.21
Q4 24
$0.22
$1.20
Q3 24
$-2.46
$1.22
Q2 24
$0.56
$1.17

Balance Sheet & Financial Strength

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

Metric
EML
EML
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$124.3M
$736.9M
Total Assets
$220.0M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EML
EML
MBWM
MBWM
Q1 26
Q4 25
Q3 25
$9.2M
Q2 25
$9.1M
Q1 25
$10.2M
Q4 24
$16.1M
Q3 24
$9.7M
Q2 24
$2.0M
Total Debt
EML
EML
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$42.2M
Q3 24
Q2 24
Stockholders' Equity
EML
EML
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$724.9M
Q3 25
$124.3M
$657.6M
Q2 25
$124.4M
$631.5M
Q1 25
$121.0M
$608.3M
Q4 24
$120.7M
$584.5M
Q3 24
$119.2M
$583.3M
Q2 24
$136.5M
$551.2M
Total Assets
EML
EML
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$6.8B
Q3 25
$220.0M
$6.3B
Q2 25
$229.4M
$6.2B
Q1 25
$232.3M
$6.1B
Q4 24
$235.3M
$6.1B
Q3 24
$244.2M
$5.9B
Q2 24
$255.9M
$5.6B
Debt / Equity
EML
EML
MBWM
MBWM
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.35×
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
EML
EML
MBWM
MBWM
Operating Cash FlowLast quarter
$3.1M
Free Cash FlowOCF − Capex
$3.1M
FCF MarginFCF / Revenue
5.5%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
5.38×
TTM Free Cash FlowTrailing 4 quarters
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EML
EML
MBWM
MBWM
Q1 26
Q4 25
$18.0M
Q3 25
$3.1M
$23.1M
Q2 25
$3.8M
$-7.8M
Q1 25
$-1.8M
$-3.0M
Q4 24
$11.0M
$101.1M
Q3 24
$-2.9M
$-8.1M
Q2 24
$8.4M
$9.1M
Free Cash Flow
EML
EML
MBWM
MBWM
Q1 26
Q4 25
Q3 25
$3.1M
Q2 25
$3.0M
Q1 25
$-2.7M
Q4 24
$9.0M
Q3 24
$-7.7M
Q2 24
$7.3M
FCF Margin
EML
EML
MBWM
MBWM
Q1 26
Q4 25
Q3 25
5.5%
Q2 25
4.3%
Q1 25
-4.3%
Q4 24
13.9%
Q3 24
-10.8%
Q2 24
10.1%
Capex Intensity
EML
EML
MBWM
MBWM
Q1 26
Q4 25
Q3 25
0.1%
Q2 25
1.1%
Q1 25
1.3%
Q4 24
3.2%
Q3 24
6.7%
Q2 24
1.5%
Cash Conversion
EML
EML
MBWM
MBWM
Q1 26
Q4 25
0.79×
Q3 25
5.38×
0.97×
Q2 25
1.09×
-0.35×
Q1 25
-0.95×
-0.15×
Q4 24
8.41×
5.15×
Q3 24
-0.41×
Q2 24
2.40×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EML
EML

Segment breakdown not available.

MBWM
MBWM

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

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