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Side-by-side financial comparison of Gevo, Inc. (GEVO) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

MERCANTILE BANK CORP is the larger business by last-quarter revenue ($67.6M vs $45.3M, roughly 1.5× Gevo, Inc.). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs -13.2%, a 46.8% gap on every dollar of revenue. Over the past eight quarters, Gevo, Inc.'s revenue compounded faster (237.1% CAGR vs 9.1%).

Gevo, Inc. is an American renewable chemicals and advanced biofuels company headquartered in unincorporated Douglas County, Colorado, in the Denver-Aurora metropolitan area. Gevo operates in the sustainability sector, pursuing a business model based on the concept of the "circular economy". The company develops bio-based alternatives to petroleum-based products using a combination of biotechnology and classical chemistry. Gevo uses the GREET model from Argonne National Laboratory as a basis f...

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

GEVO vs MBWM — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.5× larger
MBWM
$67.6M
$45.3M
GEVO
Higher net margin
MBWM
MBWM
46.8% more per $
MBWM
33.6%
-13.2%
GEVO
Faster 2-yr revenue CAGR
GEVO
GEVO
Annualised
GEVO
237.1%
9.1%
MBWM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GEVO
GEVO
MBWM
MBWM
Revenue
$45.3M
$67.6M
Net Profit
$-6.0M
$22.7M
Gross Margin
Operating Margin
-4.8%
Net Margin
-13.2%
33.6%
Revenue YoY
695.6%
Net Profit YoY
65.9%
16.1%
EPS (diluted)
$-0.03
$1.32

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
GEVO
GEVO
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$45.3M
$62.1M
Q3 25
$42.7M
$62.4M
Q2 25
$43.4M
$60.9M
Q1 25
$29.1M
$57.3M
Q4 24
$5.7M
$58.5M
Q3 24
$2.0M
$58.0M
Q2 24
$5.3M
$56.8M
Net Profit
GEVO
GEVO
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$-6.0M
$22.8M
Q3 25
$-8.0M
$23.8M
Q2 25
$2.1M
$22.6M
Q1 25
$-21.7M
$19.5M
Q4 24
$-17.6M
$19.6M
Q3 24
$-21.2M
$19.6M
Q2 24
$-21.0M
$18.8M
Operating Margin
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
-4.8%
42.0%
Q3 25
-8.6%
44.0%
Q2 25
13.4%
42.6%
Q1 25
-69.2%
42.0%
Q4 24
-344.7%
39.7%
Q3 24
-1221.8%
42.4%
Q2 24
-456.8%
41.4%
Net Margin
GEVO
GEVO
MBWM
MBWM
Q1 26
33.6%
Q4 25
-13.2%
36.8%
Q3 25
-18.6%
38.1%
Q2 25
4.9%
37.1%
Q1 25
-74.6%
34.1%
Q4 24
-308.9%
33.5%
Q3 24
-1076.6%
33.8%
Q2 24
-399.3%
33.1%
EPS (diluted)
GEVO
GEVO
MBWM
MBWM
Q1 26
$1.32
Q4 25
$-0.03
$1.41
Q3 25
$-0.03
$1.46
Q2 25
$0.01
$1.39
Q1 25
$-0.09
$1.21
Q4 24
$-0.08
$1.20
Q3 24
$-0.09
$1.22
Q2 24
$-0.09
$1.17

Balance Sheet & Financial Strength

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

Metric
GEVO
GEVO
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$81.2M
Total DebtLower is stronger
$164.8M
$1.5M
Stockholders' EquityBook value
$466.3M
$736.9M
Total Assets
$718.9M
$6.9B
Debt / EquityLower = less leverage
0.35×
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
$81.2M
Q3 25
$72.6M
Q2 25
$57.3M
Q1 25
$65.3M
Q4 24
$189.4M
Q3 24
$223.2M
Q2 24
$245.7M
Total Debt
GEVO
GEVO
MBWM
MBWM
Q1 26
$1.5M
Q4 25
$164.8M
Q3 25
$164.5M
Q2 25
$167.5M
Q1 25
$167.0M
Q4 24
$67.1M
Q3 24
$67.0M
Q2 24
$66.8M
Stockholders' Equity
GEVO
GEVO
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$466.3M
$724.9M
Q3 25
$468.9M
$657.6M
Q2 25
$474.1M
$631.5M
Q1 25
$469.8M
$608.3M
Q4 24
$489.5M
$584.5M
Q3 24
$504.7M
$583.3M
Q2 24
$522.7M
$551.2M
Total Assets
GEVO
GEVO
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$718.9M
$6.8B
Q3 25
$685.2M
$6.3B
Q2 25
$702.1M
$6.2B
Q1 25
$677.8M
$6.1B
Q4 24
$583.9M
$6.1B
Q3 24
$583.9M
$5.9B
Q2 24
$617.9M
$5.6B
Debt / Equity
GEVO
GEVO
MBWM
MBWM
Q1 26
0.00×
Q4 25
0.35×
Q3 25
0.35×
Q2 25
0.35×
Q1 25
0.36×
Q4 24
0.14×
Q3 24
0.13×
Q2 24
0.13×

Cash Flow & Capital Efficiency

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

Metric
GEVO
GEVO
MBWM
MBWM
Operating Cash FlowLast quarter
$20.0M
Free Cash FlowOCF − Capex
$8.7M
FCF MarginFCF / Revenue
19.3%
Capex IntensityCapex / Revenue
24.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-43.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
$20.0M
$18.0M
Q3 25
$-6.8M
$23.1M
Q2 25
$-2.5M
$-7.8M
Q1 25
$-24.0M
$-3.0M
Q4 24
$-18.8M
$101.1M
Q3 24
$-11.0M
$-8.1M
Q2 24
$-11.4M
$9.1M
Free Cash Flow
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
$8.7M
Q3 25
$-14.6M
Q2 25
$-7.8M
Q1 25
$-29.9M
Q4 24
$-33.5M
Q3 24
$-20.8M
Q2 24
$-20.6M
FCF Margin
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
19.3%
Q3 25
-34.2%
Q2 25
-17.9%
Q1 25
-102.7%
Q4 24
-587.2%
Q3 24
-1057.0%
Q2 24
-392.4%
Capex Intensity
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
24.7%
Q3 25
18.3%
Q2 25
12.1%
Q1 25
20.0%
Q4 24
256.6%
Q3 24
496.2%
Q2 24
174.8%
Cash Conversion
GEVO
GEVO
MBWM
MBWM
Q1 26
Q4 25
0.79×
Q3 25
0.97×
Q2 25
-1.18×
-0.35×
Q1 25
-0.15×
Q4 24
5.15×
Q3 24
-0.41×
Q2 24
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GEVO
GEVO

Segment breakdown not available.

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

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