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Side-by-side financial comparison of GERMAN AMERICAN BANCORP, INC. (GABC) and GDEV Inc. (GDEV). Click either name above to swap in a different company.

GERMAN AMERICAN BANCORP, INC. is the larger business by last-quarter revenue ($126.7M vs $119.9M, roughly 1.1× GDEV Inc.). GERMAN AMERICAN BANCORP, INC. runs the higher net margin — 28.2% vs 13.9%, a 14.3% gap on every dollar of revenue. On growth, GERMAN AMERICAN BANCORP, INC. posted the faster year-over-year revenue change (39.7% vs 13.3%).

American Express Company or Amex is an American bank holding company and multinational financial services corporation that specializes in payment cards. It is headquartered at 200 Vesey Street, also known as American Express Tower, in the Battery Park City neighborhood of Lower Manhattan.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

GABC vs GDEV — Head-to-Head

Bigger by revenue
GABC
GABC
1.1× larger
GABC
$126.7M
$119.9M
GDEV
Growing faster (revenue YoY)
GABC
GABC
+26.4% gap
GABC
39.7%
13.3%
GDEV
Higher net margin
GABC
GABC
14.3% more per $
GABC
28.2%
13.9%
GDEV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
GABC
GABC
GDEV
GDEV
Revenue
$126.7M
$119.9M
Net Profit
$35.7M
$16.6M
Gross Margin
Operating Margin
34.6%
15.5%
Net Margin
28.2%
13.9%
Revenue YoY
39.7%
13.3%
Net Profit YoY
53.7%
13.0%
EPS (diluted)
$0.98
$0.90

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
GABC
GABC
GDEV
GDEV
Q4 25
$126.7M
Q3 25
$126.5M
Q2 25
$123.2M
$119.9M
Q1 25
$111.1M
Q4 24
$90.7M
Q3 24
$88.5M
Q2 24
$90.5M
$105.8M
Q1 24
$84.1M
Net Profit
GABC
GABC
GDEV
GDEV
Q4 25
$35.7M
Q3 25
$35.1M
Q2 25
$31.4M
$16.6M
Q1 25
$10.5M
Q4 24
$23.2M
Q3 24
$21.0M
Q2 24
$20.5M
$14.7M
Q1 24
$19.0M
Operating Margin
GABC
GABC
GDEV
GDEV
Q4 25
34.6%
Q3 25
34.6%
Q2 25
31.8%
15.5%
Q1 25
12.0%
Q4 24
31.6%
Q3 24
29.0%
Q2 24
29.4%
14.4%
Q1 24
27.6%
Net Margin
GABC
GABC
GDEV
GDEV
Q4 25
28.2%
Q3 25
27.7%
Q2 25
25.5%
13.9%
Q1 25
9.5%
Q4 24
25.6%
Q3 24
23.8%
Q2 24
22.7%
13.9%
Q1 24
22.6%
EPS (diluted)
GABC
GABC
GDEV
GDEV
Q4 25
$0.98
Q3 25
$0.94
Q2 25
$0.84
$0.90
Q1 25
$0.30
Q4 24
$0.79
Q3 24
$0.71
Q2 24
$0.69
$0.81
Q1 24
$0.64

Balance Sheet & Financial Strength

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

Metric
GABC
GABC
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$41.6M
Total DebtLower is stronger
$100.0M
Stockholders' EquityBook value
$1.2B
$-129.4M
Total Assets
$8.4B
$210.2M
Debt / EquityLower = less leverage
0.09×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GABC
GABC
GDEV
GDEV
Q4 25
Q3 25
Q2 25
$41.6M
Q1 25
Q4 24
Q3 24
Q2 24
$50.8M
Q1 24
Total Debt
GABC
GABC
GDEV
GDEV
Q4 25
$100.0M
Q3 25
Q2 25
Q1 25
Q4 24
$114.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
GABC
GABC
GDEV
GDEV
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
$-129.4M
Q1 25
$1.0B
Q4 24
$715.1M
Q3 24
$744.6M
Q2 24
$687.8M
$-118.7M
Q1 24
$655.3M
Total Assets
GABC
GABC
GDEV
GDEV
Q4 25
$8.4B
Q3 25
$8.4B
Q2 25
$8.3B
$210.2M
Q1 25
$8.4B
Q4 24
$6.3B
Q3 24
$6.3B
Q2 24
$6.2B
$282.8M
Q1 24
$6.1B
Debt / Equity
GABC
GABC
GDEV
GDEV
Q4 25
0.09×
Q3 25
Q2 25
Q1 25
Q4 24
0.16×
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
GABC
GABC
GDEV
GDEV
Operating Cash FlowLast quarter
$159.3M
Free Cash FlowOCF − Capex
$154.0M
FCF MarginFCF / Revenue
121.6%
Capex IntensityCapex / Revenue
4.2%
Cash ConversionOCF / Net Profit
4.46×
TTM Free Cash FlowTrailing 4 quarters
$267.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GABC
GABC
GDEV
GDEV
Q4 25
$159.3M
Q3 25
$51.8M
Q2 25
$26.9M
Q1 25
$37.9M
Q4 24
$95.8M
Q3 24
$24.5M
Q2 24
$18.7M
Q1 24
$23.9M
Free Cash Flow
GABC
GABC
GDEV
GDEV
Q4 25
$154.0M
Q3 25
$50.1M
Q2 25
$26.2M
Q1 25
$36.7M
Q4 24
$90.7M
Q3 24
$23.0M
Q2 24
$17.0M
Q1 24
$22.6M
FCF Margin
GABC
GABC
GDEV
GDEV
Q4 25
121.6%
Q3 25
39.6%
Q2 25
21.2%
Q1 25
33.0%
Q4 24
100.1%
Q3 24
26.0%
Q2 24
18.8%
Q1 24
26.9%
Capex Intensity
GABC
GABC
GDEV
GDEV
Q4 25
4.2%
Q3 25
1.3%
Q2 25
0.6%
Q1 25
1.1%
Q4 24
5.6%
Q3 24
1.7%
Q2 24
1.8%
Q1 24
1.5%
Cash Conversion
GABC
GABC
GDEV
GDEV
Q4 25
4.46×
Q3 25
1.48×
Q2 25
0.86×
Q1 25
3.61×
Q4 24
4.13×
Q3 24
1.16×
Q2 24
0.91×
Q1 24
1.25×

Financial Flow Comparison

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

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