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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND). Click either name above to swap in a different company.

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $183.2M, roughly 1.8× LINDBLAD EXPEDITIONS HOLDINGS, INC.). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs -12.9%, a 41.0% gap on every dollar of revenue. On growth, LINDBLAD EXPEDITIONS HOLDINGS, INC. posted the faster year-over-year revenue change (23.3% vs 4.2%). Over the past eight quarters, LINDBLAD EXPEDITIONS HOLDINGS, INC.'s revenue compounded faster (9.2% CAGR vs 0.2%).

Fulton Financial Corporation is an American regional financial services holding company, headquartered in Lancaster, Pennsylvania.

Lindblad Expeditions is an expedition travel company headquartered in New York, NY. The company currently offers expedition cruises to destinations on all seven continents aboard 15 ships with capacities ranging from 28 to 150 guests.

FULT vs LIND — Head-to-Head

Bigger by revenue
FULT
FULT
1.8× larger
FULT
$336.2M
$183.2M
LIND
Growing faster (revenue YoY)
LIND
LIND
+19.1% gap
LIND
23.3%
4.2%
FULT
Higher net margin
FULT
FULT
41.0% more per $
FULT
28.2%
-12.9%
LIND
Faster 2-yr revenue CAGR
LIND
LIND
Annualised
LIND
9.2%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FULT
FULT
LIND
LIND
Revenue
$336.2M
$183.2M
Net Profit
$94.8M
$-23.6M
Gross Margin
40.3%
Operating Margin
-3.0%
Net Margin
28.2%
-12.9%
Revenue YoY
4.2%
23.3%
Net Profit YoY
1.9%
6.0%
EPS (diluted)
$0.55
$-0.45

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
FULT
FULT
LIND
LIND
Q1 26
$336.2M
Q4 25
$336.0M
$183.2M
Q3 25
$334.6M
$240.2M
Q2 25
$324.1M
$167.9M
Q1 25
$318.4M
$179.7M
Q4 24
$319.6M
$148.6M
Q3 24
$317.7M
$206.0M
Q2 24
$334.7M
$136.5M
Net Profit
FULT
FULT
LIND
LIND
Q1 26
$94.8M
Q4 25
$99.0M
$-23.6M
Q3 25
$100.5M
$1.2M
Q2 25
$99.2M
$-8.5M
Q1 25
$93.0M
$1.2M
Q4 24
$68.6M
$-25.0M
Q3 24
$63.2M
$22.5M
Q2 24
$95.0M
$-24.7M
Gross Margin
FULT
FULT
LIND
LIND
Q1 26
Q4 25
40.3%
Q3 25
48.2%
Q2 25
45.6%
Q1 25
48.3%
Q4 24
42.5%
Q3 24
46.7%
Q2 24
39.2%
Operating Margin
FULT
FULT
LIND
LIND
Q1 26
Q4 25
35.7%
-3.0%
Q3 25
38.2%
15.0%
Q2 25
37.8%
2.6%
Q1 25
36.1%
5.9%
Q4 24
27.0%
-5.1%
Q3 24
25.1%
14.3%
Q2 24
30.8%
-6.0%
Net Margin
FULT
FULT
LIND
LIND
Q1 26
28.2%
Q4 25
29.5%
-12.9%
Q3 25
30.0%
0.5%
Q2 25
30.6%
-5.1%
Q1 25
29.2%
0.6%
Q4 24
21.5%
-16.9%
Q3 24
19.9%
10.9%
Q2 24
28.4%
-18.1%
EPS (diluted)
FULT
FULT
LIND
LIND
Q1 26
$0.55
Q4 25
$0.53
$-0.45
Q3 25
$0.53
$0.00
Q2 25
$0.53
$-0.18
Q1 25
$0.49
$0.00
Q4 24
$0.36
$-0.45
Q3 24
$0.33
$0.36
Q2 24
$0.52
$-0.48

Balance Sheet & Financial Strength

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

Metric
FULT
FULT
LIND
LIND
Cash + ST InvestmentsLiquidity on hand
$256.7M
Total DebtLower is stronger
$662.7M
Stockholders' EquityBook value
$3.5B
$-284.5M
Total Assets
$32.2B
$980.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
LIND
LIND
Q1 26
Q4 25
$256.7M
Q3 25
$261.8M
Q2 25
$200.9M
Q1 25
$188.9M
Q4 24
$183.9M
Q3 24
$193.9M
Q2 24
$168.1M
Total Debt
FULT
FULT
LIND
LIND
Q1 26
Q4 25
$662.7M
Q3 25
$663.5M
Q2 25
$627.3M
Q1 25
$626.4M
Q4 24
$625.5M
Q3 24
$624.5M
Q2 24
$623.6M
Stockholders' Equity
FULT
FULT
LIND
LIND
Q1 26
$3.5B
Q4 25
$3.5B
$-284.5M
Q3 25
$3.4B
$-256.6M
Q2 25
$3.3B
$-263.8M
Q1 25
$3.3B
$-252.2M
Q4 24
$3.2B
$-253.1M
Q3 24
$3.2B
$-226.9M
Q2 24
$3.1B
$-255.5M
Total Assets
FULT
FULT
LIND
LIND
Q1 26
$32.2B
Q4 25
$32.1B
$980.0M
Q3 25
$32.0B
$976.5M
Q2 25
$32.0B
$936.5M
Q1 25
$32.1B
$908.8M
Q4 24
$32.1B
$876.9M
Q3 24
$32.2B
$889.8M
Q2 24
$31.8B
$858.3M

Cash Flow & Capital Efficiency

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

Metric
FULT
FULT
LIND
LIND
Operating Cash FlowLast quarter
$14.4M
Free Cash FlowOCF − Capex
$3.5M
FCF MarginFCF / Revenue
1.9%
Capex IntensityCapex / Revenue
6.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$63.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
LIND
LIND
Q1 26
Q4 25
$304.5M
$14.4M
Q3 25
$116.1M
$19.5M
Q2 25
$91.7M
$29.2M
Q1 25
$703.0K
$48.4M
Q4 24
$416.6M
$1.7M
Q3 24
$-22.0M
$28.1M
Q2 24
$157.8M
$18.6M
Free Cash Flow
FULT
FULT
LIND
LIND
Q1 26
Q4 25
$3.5M
Q3 25
$11.9M
Q2 25
$13.5M
Q1 25
$35.0M
Q4 24
$-8.2M
Q3 24
$18.4M
Q2 24
$11.2M
FCF Margin
FULT
FULT
LIND
LIND
Q1 26
Q4 25
1.9%
Q3 25
5.0%
Q2 25
8.0%
Q1 25
19.5%
Q4 24
-5.5%
Q3 24
8.9%
Q2 24
8.2%
Capex Intensity
FULT
FULT
LIND
LIND
Q1 26
Q4 25
6.0%
Q3 25
3.2%
Q2 25
9.4%
Q1 25
7.5%
Q4 24
6.6%
Q3 24
4.7%
Q2 24
5.4%
Cash Conversion
FULT
FULT
LIND
LIND
Q1 26
Q4 25
3.08×
Q3 25
1.16×
16.41×
Q2 25
0.92×
Q1 25
0.01×
41.69×
Q4 24
6.07×
Q3 24
-0.35×
1.25×
Q2 24
1.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FULT
FULT

Segment breakdown not available.

LIND
LIND

Guest Ticket$96.5M53%
Landexperience$67.3M37%
Other Tour$19.4M11%

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