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Side-by-side financial comparison of Fatpipe Inc (FATN) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.

Fatpipe Inc is the larger business by last-quarter revenue ($4.1M vs $2.2M, roughly 1.8× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs 7.6%, a 14.7% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs 3.2%).

Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.

FATN vs MBBC — Head-to-Head

Bigger by revenue
FATN
FATN
1.8× larger
FATN
$4.1M
$2.2M
MBBC
Growing faster (revenue YoY)
MBBC
MBBC
+38.4% gap
MBBC
41.7%
3.2%
FATN
Higher net margin
MBBC
MBBC
14.7% more per $
MBBC
22.3%
7.6%
FATN

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
FATN
FATN
MBBC
MBBC
Revenue
$4.1M
$2.2M
Net Profit
$310.7K
$501.4K
Gross Margin
87.7%
Operating Margin
9.8%
26.2%
Net Margin
7.6%
22.3%
Revenue YoY
3.2%
41.7%
Net Profit YoY
816.0%
880.7%
EPS (diluted)
$0.02
$0.19

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
FATN
FATN
MBBC
MBBC
Q4 25
$4.1M
$2.2M
Q3 25
$4.0M
$2.1M
Q2 25
$3.9M
$1.9M
Q1 25
$1.7M
Q4 24
$1.6M
Q3 24
$1.6M
Q2 24
$1.6M
Q1 24
$1.6M
Net Profit
FATN
FATN
MBBC
MBBC
Q4 25
$310.7K
$501.4K
Q3 25
$-43.4K
$444.3K
Q2 25
$741.2K
$-332.0K
Q1 25
$148.4K
Q4 24
$51.1K
Q3 24
$174.9K
Q2 24
$85.8K
Q1 24
$-631.1K
Gross Margin
FATN
FATN
MBBC
MBBC
Q4 25
87.7%
Q3 25
92.1%
Q2 25
94.2%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FATN
FATN
MBBC
MBBC
Q4 25
9.8%
26.2%
Q3 25
-0.0%
25.5%
Q2 25
25.5%
-25.7%
Q1 25
11.6%
Q4 24
3.3%
Q3 24
13.4%
Q2 24
4.1%
Q1 24
-53.7%
Net Margin
FATN
FATN
MBBC
MBBC
Q4 25
7.6%
22.3%
Q3 25
-1.1%
20.7%
Q2 25
18.8%
-18.9%
Q1 25
8.9%
Q4 24
3.2%
Q3 24
10.8%
Q2 24
6.2%
Q1 24
-40.7%
EPS (diluted)
FATN
FATN
MBBC
MBBC
Q4 25
$0.02
$0.19
Q3 25
$0.00
$0.17
Q2 25
$0.05
$-0.13
Q1 25
$0.07
Q4 24
$0.02
Q3 24
$0.06
Q2 24
$0.07
Q1 24
$-0.31

Balance Sheet & Financial Strength

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

Metric
FATN
FATN
MBBC
MBBC
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$4.6M
Stockholders' EquityBook value
$21.2M
$46.9M
Total Assets
$32.4M
$248.0M
Debt / EquityLower = less leverage
0.22×

8-quarter trend — quarters aligned by calendar period.

Total Debt
FATN
FATN
MBBC
MBBC
Q4 25
$4.6M
Q3 25
$4.8M
Q2 25
$4.9M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FATN
FATN
MBBC
MBBC
Q4 25
$21.2M
$46.9M
Q3 25
$21.0M
$46.3M
Q2 25
$20.4M
$45.7M
Q1 25
$32.0M
Q4 24
$31.7M
Q3 24
$31.6M
Q2 24
$31.3M
Q1 24
$31.4M
Total Assets
FATN
FATN
MBBC
MBBC
Q4 25
$32.4M
$248.0M
Q3 25
$32.2M
$246.0M
Q2 25
$32.0M
$238.8M
Q1 25
$236.8M
Q4 24
$217.9M
Q3 24
$216.5M
Q2 24
$219.3M
Q1 24
$225.8M
Debt / Equity
FATN
FATN
MBBC
MBBC
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.24×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FATN
FATN
MBBC
MBBC
Operating Cash FlowLast quarter
$240.9K
$1.4M
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
62.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
0.78×
2.82×
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FATN
FATN
MBBC
MBBC
Q4 25
$240.9K
$1.4M
Q3 25
$399.8K
$464.0K
Q2 25
$-508.6K
$1.4M
Q1 25
$849.0K
Q4 24
$113.6K
Q3 24
$945.2K
Q2 24
$416.6K
Q1 24
$-802.1K
Free Cash Flow
FATN
FATN
MBBC
MBBC
Q4 25
$1.4M
Q3 25
$456.6K
Q2 25
$-551.1K
$1.3M
Q1 25
$773.2K
Q4 24
$105.0K
Q3 24
$921.6K
Q2 24
$-1.8M
Q1 24
$-1.1M
FCF Margin
FATN
FATN
MBBC
MBBC
Q4 25
62.3%
Q3 25
21.3%
Q2 25
-14.0%
66.0%
Q1 25
46.3%
Q4 24
6.6%
Q3 24
57.1%
Q2 24
-118.5%
Q1 24
-67.9%
Capex Intensity
FATN
FATN
MBBC
MBBC
Q4 25
0.6%
Q3 25
0.3%
Q2 25
1.1%
9.3%
Q1 25
4.5%
Q4 24
0.5%
Q3 24
1.5%
Q2 24
145.2%
Q1 24
16.2%
Cash Conversion
FATN
FATN
MBBC
MBBC
Q4 25
0.78×
2.82×
Q3 25
1.04×
Q2 25
-0.69×
Q1 25
5.72×
Q4 24
2.22×
Q3 24
5.40×
Q2 24
4.85×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

FATN
FATN

Products$2.6M63%
Other$1.5M37%

MBBC
MBBC

Segment breakdown not available.

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