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Side-by-side financial comparison of ESPEY MFG & ELECTRONICS CORP (ESP) and John Marshall Bancorp, Inc. (JMSB). Click either name above to swap in a different company.

John Marshall Bancorp, Inc. is the larger business by last-quarter revenue ($16.8M vs $12.1M, roughly 1.4× ESPEY MFG & ELECTRONICS CORP). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs 23.1%, a 13.2% gap on every dollar of revenue. Over the past eight quarters, ESPEY MFG & ELECTRONICS CORP's revenue compounded faster (21.3% CAGR vs 15.3%).

ESPEY MFG & ELECTRONICS CORP is a US-based manufacturer specializing in high-reliability power supplies, power conversion systems and specialized electronic components. It serves aerospace, defense, industrial and transportation sectors, delivering custom solutions for harsh environments to OEMs and government contractors across North America and select global markets.

John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.

ESP vs JMSB — Head-to-Head

Bigger by revenue
JMSB
JMSB
1.4× larger
JMSB
$16.8M
$12.1M
ESP
Higher net margin
JMSB
JMSB
13.2% more per $
JMSB
36.3%
23.1%
ESP
Faster 2-yr revenue CAGR
ESP
ESP
Annualised
ESP
21.3%
15.3%
JMSB

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ESP
ESP
JMSB
JMSB
Revenue
$12.1M
$16.8M
Net Profit
$2.8M
$6.1M
Gross Margin
34.7%
Operating Margin
25.3%
Net Margin
23.1%
36.3%
Revenue YoY
-10.8%
Net Profit YoY
47.0%
26.8%
EPS (diluted)
$0.99
$0.43

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
ESP
ESP
JMSB
JMSB
Q1 26
$16.8M
Q4 25
$12.1M
$16.4M
Q3 25
$9.1M
$16.3M
Q2 25
$9.6M
$15.4M
Q1 25
$10.3M
$14.6M
Q4 24
$13.6M
$14.3M
Q3 24
$10.4M
$13.8M
Q2 24
$11.6M
$12.6M
Net Profit
ESP
ESP
JMSB
JMSB
Q1 26
$6.1M
Q4 25
$2.8M
$5.9M
Q3 25
$2.2M
$5.4M
Q2 25
$2.9M
$5.1M
Q1 25
$1.7M
$4.8M
Q4 24
$1.9M
$4.8M
Q3 24
$1.6M
$4.2M
Q2 24
$1.9M
$3.9M
Gross Margin
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
34.7%
Q3 25
35.4%
Q2 25
39.3%
Q1 25
28.6%
Q4 24
23.2%
Q3 24
26.8%
Q2 24
27.6%
Operating Margin
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
25.3%
47.4%
Q3 25
22.7%
42.2%
Q2 25
27.4%
42.7%
Q1 25
17.0%
42.4%
Q4 24
14.9%
42.5%
Q3 24
16.5%
38.8%
Q2 24
18.4%
39.7%
Net Margin
ESP
ESP
JMSB
JMSB
Q1 26
36.3%
Q4 25
23.1%
36.2%
Q3 25
23.9%
33.2%
Q2 25
30.6%
33.1%
Q1 25
16.5%
32.9%
Q4 24
14.0%
33.3%
Q3 24
15.3%
30.7%
Q2 24
16.3%
30.9%
EPS (diluted)
ESP
ESP
JMSB
JMSB
Q1 26
$0.43
Q4 25
$0.99
$0.41
Q3 25
$0.76
$0.38
Q2 25
$1.07
$0.36
Q1 25
$0.63
$0.34
Q4 24
$0.71
$0.33
Q3 24
$0.61
$0.30
Q2 24
$0.73
$0.27

Balance Sheet & Financial Strength

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

Metric
ESP
ESP
JMSB
JMSB
Cash + ST InvestmentsLiquidity on hand
$17.8M
$150.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$53.2M
$268.1M
Total Assets
$85.2M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESP
ESP
JMSB
JMSB
Q1 26
$150.2M
Q4 25
$17.8M
$130.0M
Q3 25
$22.2M
$163.6M
Q2 25
$18.9M
$116.9M
Q1 25
$13.9M
$169.1M
Q4 24
$8.0M
$122.5M
Q3 24
$4.8M
$177.2M
Q2 24
$4.4M
$182.6M
Total Debt
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
$80.9M
Q3 25
$80.9M
Q2 25
$80.8M
Q1 25
$80.8M
Q4 24
$80.8M
Q3 24
$80.8M
Q2 24
$24.7M
Stockholders' Equity
ESP
ESP
JMSB
JMSB
Q1 26
$268.1M
Q4 25
$53.2M
$265.6M
Q3 25
$51.0M
$259.7M
Q2 25
$50.8M
$253.7M
Q1 25
$46.3M
$253.0M
Q4 24
$44.8M
$246.6M
Q3 24
$42.5M
$243.1M
Q2 24
$41.3M
$235.3M
Total Assets
ESP
ESP
JMSB
JMSB
Q1 26
$2.4B
Q4 25
$85.2M
$2.3B
Q3 25
$84.8M
$2.3B
Q2 25
$79.1M
$2.3B
Q1 25
$72.8M
$2.3B
Q4 24
$60.2M
$2.2B
Q3 24
$57.6M
$2.3B
Q2 24
$56.5M
$2.3B
Debt / Equity
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
0.30×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.33×
Q3 24
0.33×
Q2 24
0.11×

Cash Flow & Capital Efficiency

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

Metric
ESP
ESP
JMSB
JMSB
Operating Cash FlowLast quarter
$-2.8M
Free Cash FlowOCF − Capex
$-4.1M
FCF MarginFCF / Revenue
-34.1%
Capex IntensityCapex / Revenue
10.9%
Cash ConversionOCF / Net Profit
-1.00×
TTM Free Cash FlowTrailing 4 quarters
$11.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
$-2.8M
$22.6M
Q3 25
$5.7M
$1.2M
Q2 25
$2.8M
$7.5M
Q1 25
$11.5M
$7.0M
Q4 24
$5.4M
$17.3M
Q3 24
$1.4M
$1.4M
Q2 24
$3.2M
$10.2M
Free Cash Flow
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
$-4.1M
$22.0M
Q3 25
$4.4M
$1.2M
Q2 25
$915.3K
$7.4M
Q1 25
$10.5M
$6.6M
Q4 24
$4.5M
$16.8M
Q3 24
$724.8K
$1.3M
Q2 24
$2.6M
$10.1M
FCF Margin
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
-34.1%
134.7%
Q3 25
48.7%
7.3%
Q2 25
9.5%
47.8%
Q1 25
101.8%
45.3%
Q4 24
33.0%
116.9%
Q3 24
6.9%
9.5%
Q2 24
22.2%
80.1%
Capex Intensity
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
10.9%
3.4%
Q3 25
14.2%
0.2%
Q2 25
19.3%
1.0%
Q1 25
9.3%
2.3%
Q4 24
6.5%
3.4%
Q3 24
6.4%
0.8%
Q2 24
5.7%
0.4%
Cash Conversion
ESP
ESP
JMSB
JMSB
Q1 26
Q4 25
-1.00×
3.82×
Q3 25
2.64×
0.23×
Q2 25
0.95×
1.48×
Q1 25
6.72×
1.45×
Q4 24
2.82×
3.61×
Q3 24
0.87×
0.33×
Q2 24
1.71×
2.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ESP
ESP

ASC606$11.3M93%
Other$855.0K7%

JMSB
JMSB

Net Interest Income$16.5M98%
Noninterest Income$284.0K2%

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