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Side-by-side financial comparison of EXPONENT INC (EXPO) 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 $166.3M, roughly 1.1× EXPONENT INC). Merchants Bancorp runs the higher net margin — 38.6% vs 17.8%, a 20.9% gap on every dollar of revenue. Over the past eight quarters, EXPONENT INC's revenue compounded faster (8.8% CAGR vs 4.8%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

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.

EXPO vs MBIN — Head-to-Head

Bigger by revenue
MBIN
MBIN
1.1× larger
MBIN
$175.2M
$166.3M
EXPO
Higher net margin
MBIN
MBIN
20.9% more per $
MBIN
38.6%
17.8%
EXPO
Faster 2-yr revenue CAGR
EXPO
EXPO
Annualised
EXPO
8.8%
4.8%
MBIN

Income Statement — Q1 FY2027 vs Q1 FY2026

Metric
EXPO
EXPO
MBIN
MBIN
Revenue
$166.3M
$175.2M
Net Profit
$29.6M
$67.7M
Gross Margin
Operating Margin
24.9%
Net Margin
17.8%
38.6%
Revenue YoY
14.3%
Net Profit YoY
11.0%
16.3%
EPS (diluted)
$0.59
$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.

Revenue
EXPO
EXPO
MBIN
MBIN
Q1 26
$166.3M
$175.2M
Q4 25
$147.1M
$185.3M
Q3 25
$142.0M
$171.1M
Q2 25
$145.5M
$179.2M
Q1 25
$136.8M
$145.9M
Q4 24
$193.8M
Q3 24
$136.3M
$149.6M
Q2 24
$140.5M
$159.5M
Net Profit
EXPO
EXPO
MBIN
MBIN
Q1 26
$29.6M
$67.7M
Q4 25
$28.0M
Q3 25
$26.6M
$54.7M
Q2 25
$26.6M
$38.0M
Q1 25
$23.6M
$58.2M
Q4 24
Q3 24
$26.0M
$61.3M
Q2 24
$29.2M
$76.4M
Operating Margin
EXPO
EXPO
MBIN
MBIN
Q1 26
24.9%
Q4 25
19.7%
39.9%
Q3 25
12.1%
37.8%
Q2 25
30.5%
27.3%
Q1 25
19.9%
52.4%
Q4 24
66.0%
Q3 24
19.0%
54.4%
Q2 24
25.4%
62.2%
Net Margin
EXPO
EXPO
MBIN
MBIN
Q1 26
17.8%
38.6%
Q4 25
19.1%
Q3 25
18.7%
32.0%
Q2 25
18.3%
21.2%
Q1 25
17.2%
39.9%
Q4 24
Q3 24
19.1%
41.0%
Q2 24
20.8%
47.9%
EPS (diluted)
EXPO
EXPO
MBIN
MBIN
Q1 26
$0.59
$1.25
Q4 25
$0.55
$1.28
Q3 25
$0.52
$0.97
Q2 25
$0.52
$0.60
Q1 25
$0.45
$0.93
Q4 24
$1.84
Q3 24
$0.50
$1.17
Q2 24
$0.57
$1.49

Balance Sheet & Financial Strength

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

Metric
EXPO
EXPO
MBIN
MBIN
Cash + ST InvestmentsLiquidity on hand
$118.6M
$83.2M
Total DebtLower is stronger
$32.0M
Stockholders' EquityBook value
$338.3M
$2.3B
Total Assets
$687.4M
$20.3B
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
MBIN
MBIN
Q1 26
$118.6M
$83.2M
Q4 25
$207.4M
Q3 25
$231.8M
Q2 25
$245.1M
Q1 25
$258.9M
Q4 24
Q3 24
$219.7M
Q2 24
$203.3M
Total Debt
EXPO
EXPO
MBIN
MBIN
Q1 26
$32.0M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
EXPO
EXPO
MBIN
MBIN
Q1 26
$338.3M
$2.3B
Q4 25
$402.9M
$2.3B
Q3 25
$427.8M
$2.2B
Q2 25
$441.4M
$2.2B
Q1 25
$421.1M
$2.2B
Q4 24
$2.2B
Q3 24
$410.3M
$1.9B
Q2 24
$393.2M
$1.9B
Total Assets
EXPO
EXPO
MBIN
MBIN
Q1 26
$687.4M
$20.3B
Q4 25
$761.4M
$19.4B
Q3 25
$759.4M
$19.4B
Q2 25
$763.2M
$19.1B
Q1 25
$777.3M
$18.8B
Q4 24
$18.8B
Q3 24
$744.1M
$18.7B
Q2 24
$709.2M
$18.2B
Debt / Equity
EXPO
EXPO
MBIN
MBIN
Q1 26
0.01×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$151.8M91%
Reimbursements$14.5M9%

MBIN
MBIN

Net Interest Income$128.6M73%
Noninterest Income$46.6M27%

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