vs

Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $62.0M, roughly 1.5× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -4.6%, a 36.0% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 19.8%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 21.1%).

FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

FLYX vs MPB — Head-to-Head

Bigger by revenue
FLYX
FLYX
1.5× larger
FLYX
$92.1M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+11.0% gap
MPB
30.8%
19.8%
FLYX
Higher net margin
MPB
MPB
36.0% more per $
MPB
31.4%
-4.6%
FLYX
More free cash flow
MPB
MPB
$82.8M more FCF
MPB
$71.8M
$-11.0M
FLYX
Faster 2-yr revenue CAGR
FLYX
FLYX
Annualised
FLYX
21.9%
21.1%
MPB

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FLYX
FLYX
MPB
MPB
Revenue
$92.1M
$62.0M
Net Profit
$-4.3M
$19.4M
Gross Margin
13.7%
Operating Margin
-12.3%
43.6%
Net Margin
-4.6%
31.4%
Revenue YoY
19.8%
30.8%
Net Profit YoY
32.0%
47.0%
EPS (diluted)
$-0.25
$0.83

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
FLYX
FLYX
MPB
MPB
Q4 25
$62.0M
Q3 25
$92.1M
$61.8M
Q2 25
$91.3M
$54.3M
Q1 25
$88.1M
$47.7M
Q4 24
$47.4M
Q3 24
$76.9M
$45.3M
Q2 24
$79.0M
$44.1M
Q1 24
$80.0M
$42.3M
Net Profit
FLYX
FLYX
MPB
MPB
Q4 25
$19.4M
Q3 25
$-4.3M
$18.3M
Q2 25
$-4.8M
$4.8M
Q1 25
$-5.4M
$13.7M
Q4 24
$13.2M
Q3 24
$-6.3M
$12.3M
Q2 24
$-5.2M
$11.8M
Q1 24
$-5.8M
$12.1M
Gross Margin
FLYX
FLYX
MPB
MPB
Q4 25
Q3 25
13.7%
Q2 25
15.0%
Q1 25
12.8%
Q4 24
Q3 24
11.3%
Q2 24
7.9%
Q1 24
7.2%
Operating Margin
FLYX
FLYX
MPB
MPB
Q4 25
43.6%
Q3 25
-12.3%
39.3%
Q2 25
-13.5%
7.9%
Q1 25
-16.7%
35.2%
Q4 24
34.1%
Q3 24
-27.2%
32.8%
Q2 24
-27.6%
32.4%
Q1 24
-34.3%
34.8%
Net Margin
FLYX
FLYX
MPB
MPB
Q4 25
31.4%
Q3 25
-4.6%
29.6%
Q2 25
-5.2%
8.8%
Q1 25
-6.2%
28.8%
Q4 24
27.9%
Q3 24
-8.2%
27.1%
Q2 24
-6.5%
26.7%
Q1 24
-7.3%
28.7%
EPS (diluted)
FLYX
FLYX
MPB
MPB
Q4 25
$0.83
Q3 25
$-0.25
$0.79
Q2 25
$-0.26
$0.22
Q1 25
$-0.30
$0.71
Q4 24
$0.72
Q3 24
$-0.32
$0.74
Q2 24
$-0.32
$0.71
Q1 24
$-0.35
$0.73

Balance Sheet & Financial Strength

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

Metric
FLYX
FLYX
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$18.7M
Total DebtLower is stronger
$123.9M
Stockholders' EquityBook value
$-434.2M
$814.1M
Total Assets
$448.1M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLYX
FLYX
MPB
MPB
Q4 25
Q3 25
$18.7M
Q2 25
$15.8M
Q1 25
$14.7M
Q4 24
Q3 24
$18.7M
Q2 24
$9.3M
Q1 24
$5.3M
Total Debt
FLYX
FLYX
MPB
MPB
Q4 25
Q3 25
$123.9M
Q2 25
$111.6M
Q1 25
$121.6M
Q4 24
Q3 24
$197.9M
Q2 24
$206.3M
Q1 24
$209.4M
Stockholders' Equity
FLYX
FLYX
MPB
MPB
Q4 25
$814.1M
Q3 25
$-434.2M
$796.3M
Q2 25
$-261.4M
$775.7M
Q1 25
$-281.5M
$667.9M
Q4 24
$655.0M
Q3 24
$-192.0M
$573.1M
Q2 24
$-149.7M
$559.7M
Q1 24
$-149.5M
$551.0M
Total Assets
FLYX
FLYX
MPB
MPB
Q4 25
$6.1B
Q3 25
$448.1M
$6.3B
Q2 25
$443.4M
$6.4B
Q1 25
$466.8M
$5.5B
Q4 24
$5.5B
Q3 24
$487.1M
$5.5B
Q2 24
$494.7M
$5.4B
Q1 24
$524.1M
$5.3B

Cash Flow & Capital Efficiency

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

Metric
FLYX
FLYX
MPB
MPB
Operating Cash FlowLast quarter
$-209.0K
$80.0M
Free Cash FlowOCF − Capex
$-11.0M
$71.8M
FCF MarginFCF / Revenue
-12.0%
115.8%
Capex IntensityCapex / Revenue
11.7%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$-51.0M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLYX
FLYX
MPB
MPB
Q4 25
$80.0M
Q3 25
$-209.0K
$26.3M
Q2 25
$363.0K
$29.0M
Q1 25
$-10.5M
$11.5M
Q4 24
$51.4M
Q3 24
$-12.3M
$16.9M
Q2 24
$-16.2M
$18.0M
Q1 24
$-26.0M
$12.4M
Free Cash Flow
FLYX
FLYX
MPB
MPB
Q4 25
$71.8M
Q3 25
$-11.0M
$24.3M
Q2 25
$353.0K
$27.2M
Q1 25
$-14.6M
$8.8M
Q4 24
$44.5M
Q3 24
$-25.7M
$16.8M
Q2 24
$-26.6M
$17.7M
Q1 24
$-64.5M
$12.1M
FCF Margin
FLYX
FLYX
MPB
MPB
Q4 25
115.8%
Q3 25
-12.0%
39.4%
Q2 25
0.4%
50.1%
Q1 25
-16.5%
18.4%
Q4 24
93.8%
Q3 24
-33.5%
37.1%
Q2 24
-33.7%
40.2%
Q1 24
-80.6%
28.5%
Capex Intensity
FLYX
FLYX
MPB
MPB
Q4 25
13.3%
Q3 25
11.7%
3.1%
Q2 25
0.0%
3.2%
Q1 25
4.7%
5.7%
Q4 24
14.6%
Q3 24
17.5%
0.0%
Q2 24
13.2%
0.7%
Q1 24
48.2%
0.8%
Cash Conversion
FLYX
FLYX
MPB
MPB
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Related Comparisons