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Side-by-side financial comparison of FULTON FINANCIAL CORP (FULT) and Tilray Brands, Inc. (TLRY). Click either name above to swap in a different company.

FULTON FINANCIAL CORP is the larger business by last-quarter revenue ($336.2M vs $217.5M, roughly 1.5× Tilray Brands, Inc.). FULTON FINANCIAL CORP runs the higher net margin — 28.2% vs -20.7%, a 48.8% gap on every dollar of revenue. On growth, FULTON FINANCIAL CORP posted the faster year-over-year revenue change (4.2% vs 3.1%). Over the past eight quarters, Tilray Brands, Inc.'s revenue compounded faster (7.5% CAGR vs 0.2%).

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

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

FULT vs TLRY — Head-to-Head

Bigger by revenue
FULT
FULT
1.5× larger
FULT
$336.2M
$217.5M
TLRY
Growing faster (revenue YoY)
FULT
FULT
+1.1% gap
FULT
4.2%
3.1%
TLRY
Higher net margin
FULT
FULT
48.8% more per $
FULT
28.2%
-20.7%
TLRY
Faster 2-yr revenue CAGR
TLRY
TLRY
Annualised
TLRY
7.5%
0.2%
FULT

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
FULT
FULT
TLRY
TLRY
Revenue
$336.2M
$217.5M
Net Profit
$94.8M
$-44.9M
Gross Margin
26.4%
Operating Margin
-10.2%
Net Margin
28.2%
-20.7%
Revenue YoY
4.2%
3.1%
Net Profit YoY
1.9%
47.4%
EPS (diluted)
$0.55
$-0.41

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
TLRY
TLRY
Q1 26
$336.2M
Q4 25
$336.0M
$217.5M
Q3 25
$334.6M
$209.5M
Q2 25
$324.1M
$224.5M
Q1 25
$318.4M
$185.8M
Q4 24
$319.6M
$210.9M
Q3 24
$317.7M
$200.0M
Q2 24
$334.7M
$229.9M
Net Profit
FULT
FULT
TLRY
TLRY
Q1 26
$94.8M
Q4 25
$99.0M
$-44.9M
Q3 25
$100.5M
$-322.0K
Q2 25
$99.2M
$-1.3B
Q1 25
$93.0M
$-789.4M
Q4 24
$68.6M
$-85.3M
Q3 24
$63.2M
$-39.2M
Q2 24
$95.0M
$-31.7M
Gross Margin
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
26.4%
Q3 25
27.4%
Q2 25
30.1%
Q1 25
28.0%
Q4 24
29.0%
Q3 24
29.8%
Q2 24
35.8%
Operating Margin
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
35.7%
-10.2%
Q3 25
38.2%
1.0%
Q2 25
37.8%
-643.1%
Q1 25
36.1%
-409.0%
Q4 24
27.0%
-20.0%
Q3 24
25.1%
-18.3%
Q2 24
30.8%
-7.2%
Net Margin
FULT
FULT
TLRY
TLRY
Q1 26
28.2%
Q4 25
29.5%
-20.7%
Q3 25
30.0%
-0.2%
Q2 25
30.6%
-566.9%
Q1 25
29.2%
-424.9%
Q4 24
21.5%
-40.5%
Q3 24
19.9%
-19.6%
Q2 24
28.4%
-13.8%
EPS (diluted)
FULT
FULT
TLRY
TLRY
Q1 26
$0.55
Q4 25
$0.53
$-0.41
Q3 25
$0.53
$0.00
Q2 25
$0.53
$7.26
Q1 25
$0.49
$-8.69
Q4 24
$0.36
$-0.99
Q3 24
$0.33
$-0.04
Q2 24
$0.52
$-0.04

Balance Sheet & Financial Strength

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

Metric
FULT
FULT
TLRY
TLRY
Cash + ST InvestmentsLiquidity on hand
$291.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.5B
$1.6B
Total Assets
$32.2B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
$291.6M
Q3 25
$264.8M
Q2 25
$256.4M
Q1 25
Q4 24
$252.2M
Q3 24
$280.1M
Q2 24
$260.5M
Stockholders' Equity
FULT
FULT
TLRY
TLRY
Q1 26
$3.5B
Q4 25
$3.5B
$1.6B
Q3 25
$3.4B
$1.5B
Q2 25
$3.3B
$1.5B
Q1 25
$3.3B
$2.7B
Q4 24
$3.2B
$3.5B
Q3 24
$3.2B
$3.5B
Q2 24
$3.1B
$3.4B
Total Assets
FULT
FULT
TLRY
TLRY
Q1 26
$32.2B
Q4 25
$32.1B
$2.1B
Q3 25
$32.0B
$2.1B
Q2 25
$32.0B
$2.1B
Q1 25
$32.1B
Q4 24
$32.1B
$4.2B
Q3 24
$32.2B
$4.3B
Q2 24
$31.8B
$4.2B

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
TLRY
TLRY
Operating Cash FlowLast quarter
$-8.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
$304.5M
$-8.5M
Q3 25
$116.1M
$-1.3M
Q2 25
$91.7M
$-12.8M
Q1 25
$703.0K
$-5.8M
Q4 24
$416.6M
$-40.7M
Q3 24
$-22.0M
$-35.3M
Q2 24
$157.8M
$30.7M
Free Cash Flow
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
Q3 25
Q2 25
$-19.1M
Q1 25
$-20.2M
Q4 24
$-46.2M
Q3 24
$-42.0M
Q2 24
$21.0M
FCF Margin
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
Q3 25
Q2 25
-8.5%
Q1 25
-10.9%
Q4 24
-21.9%
Q3 24
-21.0%
Q2 24
9.1%
Capex Intensity
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
Q3 25
Q2 25
2.8%
Q1 25
7.8%
Q4 24
2.6%
Q3 24
3.4%
Q2 24
4.2%
Cash Conversion
FULT
FULT
TLRY
TLRY
Q1 26
Q4 25
3.08×
Q3 25
1.16×
Q2 25
0.92×
Q1 25
0.01×
Q4 24
6.07×
Q3 24
-0.35×
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.

TLRY
TLRY

Adultuse Cannabis Products$62.4M29%
Other$59.2M27%
Beverage Alcohol Business$53.6M25%
International Cannabis Products$20.2M9%
Wellness Business$14.6M7%
Medical Cannabis Products$6.2M3%
Wholesale Cannabis Products$1.3M1%

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