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Side-by-side financial comparison of Evolus, Inc. (EOLS) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $73.1M, roughly 2.4× Evolus, Inc.). Merchants Bancorp runs the higher net margin — 38.6% vs -14.6%, a 53.2% gap on every dollar of revenue. Over the past eight quarters, Merchants Bancorp's revenue compounded faster (4.8% CAGR vs 4.6%).
Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
EOLS vs MBIN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $73.1M | $175.2M |
| Net Profit | $-10.7M | $67.7M |
| Gross Margin | 66.9% | — |
| Operating Margin | 23.8% | — |
| Net Margin | -14.6% | 38.6% |
| Revenue YoY | 6.7% | — |
| Net Profit YoY | — | 16.3% |
| EPS (diluted) | $-0.16 | $1.25 |
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.
| Q1 26 | $73.1M | $175.2M | ||
| Q4 25 | $90.3M | $185.3M | ||
| Q3 25 | $69.0M | $171.1M | ||
| Q2 25 | $69.4M | $179.2M | ||
| Q1 25 | $68.5M | $145.9M | ||
| Q4 24 | $78.9M | $193.8M | ||
| Q3 24 | $61.1M | $149.6M | ||
| Q2 24 | $66.9M | $159.5M |
| Q1 26 | $-10.7M | $67.7M | ||
| Q4 25 | $130.0K | — | ||
| Q3 25 | $-15.7M | $54.7M | ||
| Q2 25 | $-17.1M | $38.0M | ||
| Q1 25 | $-18.9M | $58.2M | ||
| Q4 24 | $-6.8M | — | ||
| Q3 24 | $-19.2M | $61.3M | ||
| Q2 24 | $-11.3M | $76.4M |
| Q1 26 | 66.9% | — | ||
| Q4 25 | 65.7% | — | ||
| Q3 25 | 66.5% | — | ||
| Q2 25 | 65.3% | — | ||
| Q1 25 | 68.1% | — | ||
| Q4 24 | 66.7% | — | ||
| Q3 24 | 68.9% | — | ||
| Q2 24 | 70.3% | — |
| Q1 26 | 23.8% | — | ||
| Q4 25 | 4.7% | 39.9% | ||
| Q3 25 | -16.7% | 37.8% | ||
| Q2 25 | -14.7% | 27.3% | ||
| Q1 25 | -22.1% | 52.4% | ||
| Q4 24 | -2.9% | 66.0% | ||
| Q3 24 | -25.3% | 54.4% | ||
| Q2 24 | -11.5% | 62.2% |
| Q1 26 | -14.6% | 38.6% | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | -22.8% | 32.0% | ||
| Q2 25 | -24.7% | 21.2% | ||
| Q1 25 | -27.6% | 39.9% | ||
| Q4 24 | -8.6% | — | ||
| Q3 24 | -31.4% | 41.0% | ||
| Q2 24 | -17.0% | 47.9% |
| Q1 26 | $-0.16 | $1.25 | ||
| Q4 25 | $0.01 | $1.28 | ||
| Q3 25 | $-0.24 | $0.97 | ||
| Q2 25 | $-0.27 | $0.60 | ||
| Q1 25 | $-0.30 | $0.93 | ||
| Q4 24 | $-0.11 | $1.84 | ||
| Q3 24 | $-0.30 | $1.17 | ||
| Q2 24 | $-0.18 | $1.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $49.8M | $83.2M |
| Total DebtLower is stronger | $156.4M | $32.0M |
| Stockholders' EquityBook value | — | $2.3B |
| Total Assets | $220.6M | $20.3B |
| Debt / EquityLower = less leverage | — | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $49.8M | $83.2M | ||
| Q4 25 | $53.8M | — | ||
| Q3 25 | $43.5M | — | ||
| Q2 25 | $61.7M | — | ||
| Q1 25 | $67.9M | — | ||
| Q4 24 | $87.0M | — | ||
| Q3 24 | $85.0M | — | ||
| Q2 24 | $93.7M | — |
| Q1 26 | $156.4M | $32.0M | ||
| Q4 25 | $146.1M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $121.8M | — | ||
| Q4 24 | $121.5M | — | ||
| Q3 24 | $121.2M | — | ||
| Q2 24 | $120.9M | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $-23.1M | $2.3B | ||
| Q3 25 | $-28.8M | $2.2B | ||
| Q2 25 | $-18.7M | $2.2B | ||
| Q1 25 | $-6.6M | $2.2B | ||
| Q4 24 | $5.5M | $2.2B | ||
| Q3 24 | $5.9M | $1.9B | ||
| Q2 24 | $19.3M | $1.9B |
| Q1 26 | $220.6M | $20.3B | ||
| Q4 25 | $225.9M | $19.4B | ||
| Q3 25 | $219.0M | $19.4B | ||
| Q2 25 | $228.8M | $19.1B | ||
| Q1 25 | $213.4M | $18.8B | ||
| Q4 24 | $232.6M | $18.8B | ||
| Q3 24 | $229.6M | $18.7B | ||
| Q2 24 | $233.8M | $18.2B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 22.00× | — | ||
| Q3 24 | 20.58× | — | ||
| Q2 24 | 6.26× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EOLS
| Product revenue, net | $72.7M | 99% |
| Service revenue | $390.0K | 1% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
