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Side-by-side financial comparison of GLOBUS MARITIME LTD (GLBS) and Hanover Bancorp, Inc. (HNVR). Click either name above to swap in a different company.

Hanover Bancorp, Inc. is the larger business by last-quarter revenue ($18.6M vs $9.5M, roughly 1.9× GLOBUS MARITIME LTD). Hanover Bancorp, Inc. runs the higher net margin — 0.2% vs -19.6%, a 19.8% gap on every dollar of revenue. On growth, Hanover Bancorp, Inc. posted the faster year-over-year revenue change (3.3% vs 0.2%).

Globus Maritime Ltd is a global shipping enterprise specializing in ownership, operation and chartering of dry bulk cargo vessels. It transports iron ore, coal, grain and other industrial raw materials across major global trade routes, serving clients in logistics, commodities trading and manufacturing sectors worldwide.

Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.

GLBS vs HNVR — Head-to-Head

Bigger by revenue
HNVR
HNVR
1.9× larger
HNVR
$18.6M
$9.5M
GLBS
Growing faster (revenue YoY)
HNVR
HNVR
+3.1% gap
HNVR
3.3%
0.2%
GLBS
Higher net margin
HNVR
HNVR
19.8% more per $
HNVR
0.2%
-19.6%
GLBS

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
GLBS
GLBS
HNVR
HNVR
Revenue
$9.5M
$18.6M
Net Profit
$-1.9M
$33.0K
Gross Margin
Operating Margin
-4.3%
0.7%
Net Margin
-19.6%
0.2%
Revenue YoY
0.2%
3.3%
Net Profit YoY
-157.0%
-99.2%
EPS (diluted)
$-0.09
$0.00

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
GLBS
GLBS
HNVR
HNVR
Q4 25
$18.6M
Q3 25
$18.0M
Q2 25
$9.5M
$18.4M
Q1 25
$18.4M
Q4 24
$18.0M
Q3 24
$17.1M
Q2 24
$9.5M
$16.9M
Q1 24
$16.5M
Net Profit
GLBS
GLBS
HNVR
HNVR
Q4 25
$33.0K
Q3 25
$3.5M
Q2 25
$-1.9M
$2.4M
Q1 25
$1.5M
Q4 24
$3.9M
Q3 24
$3.5M
Q2 24
$3.3M
$844.0K
Q1 24
$4.1M
Operating Margin
GLBS
GLBS
HNVR
HNVR
Q4 25
0.7%
Q3 25
25.9%
Q2 25
-4.3%
18.4%
Q1 25
9.6%
Q4 24
28.9%
Q3 24
27.1%
Q2 24
39.2%
6.9%
Q1 24
32.7%
Net Margin
GLBS
GLBS
HNVR
HNVR
Q4 25
0.2%
Q3 25
19.4%
Q2 25
-19.6%
13.3%
Q1 25
8.3%
Q4 24
21.7%
Q3 24
20.7%
Q2 24
34.5%
5.0%
Q1 24
24.6%
EPS (diluted)
GLBS
GLBS
HNVR
HNVR
Q4 25
$0.00
Q3 25
$0.47
Q2 25
$-0.09
$0.33
Q1 25
$0.20
Q4 24
$0.52
Q3 24
$0.48
Q2 24
$0.16
$0.11
Q1 24
$0.55

Balance Sheet & Financial Strength

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

Metric
GLBS
GLBS
HNVR
HNVR
Cash + ST InvestmentsLiquidity on hand
$48.3M
$208.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$173.1M
$200.3M
Total Assets
$309.4M
$2.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLBS
GLBS
HNVR
HNVR
Q4 25
$208.9M
Q3 25
$167.6M
Q2 25
$48.3M
$164.5M
Q1 25
$160.2M
Q4 24
$162.9M
Q3 24
$141.2M
Q2 24
$70.8M
$141.1M
Q1 24
$136.5M
Stockholders' Equity
GLBS
GLBS
HNVR
HNVR
Q4 25
$200.3M
Q3 25
$201.8M
Q2 25
$173.1M
$198.9M
Q1 25
$196.6M
Q4 24
$196.6M
Q3 24
$192.3M
Q2 24
$178.9M
$190.1M
Q1 24
$189.5M
Total Assets
GLBS
GLBS
HNVR
HNVR
Q4 25
$2.4B
Q3 25
$2.3B
Q2 25
$309.4M
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$256.3M
$2.3B
Q1 24
$2.3B

Cash Flow & Capital Efficiency

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

Metric
GLBS
GLBS
HNVR
HNVR
Operating Cash FlowLast quarter
$13.1M
Free Cash FlowOCF − Capex
$12.2M
FCF MarginFCF / Revenue
65.5%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
395.48×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLBS
GLBS
HNVR
HNVR
Q4 25
$13.1M
Q3 25
$2.7M
Q2 25
$-2.1M
Q1 25
$4.1M
Q4 24
$5.4M
Q3 24
$-547.0K
Q2 24
$-3.1M
Q1 24
$3.6M
Free Cash Flow
GLBS
GLBS
HNVR
HNVR
Q4 25
$12.2M
Q3 25
$2.4M
Q2 25
$-2.2M
Q1 25
$3.9M
Q4 24
$4.1M
Q3 24
$-876.0K
Q2 24
$-4.5M
Q1 24
$3.3M
FCF Margin
GLBS
GLBS
HNVR
HNVR
Q4 25
65.5%
Q3 25
13.5%
Q2 25
-11.7%
Q1 25
21.2%
Q4 24
23.1%
Q3 24
-5.1%
Q2 24
-26.9%
Q1 24
19.9%
Capex Intensity
GLBS
GLBS
HNVR
HNVR
Q4 25
4.7%
Q3 25
1.8%
Q2 25
0.5%
Q1 25
1.2%
Q4 24
7.2%
Q3 24
1.9%
Q2 24
8.6%
Q1 24
1.9%
Cash Conversion
GLBS
GLBS
HNVR
HNVR
Q4 25
395.48×
Q3 25
0.79×
Q2 25
-0.84×
Q1 25
2.70×
Q4 24
1.39×
Q3 24
-0.15×
Q2 24
-3.68×
Q1 24
0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLBS
GLBS

Other$4.8M51%
Property Plant And Equipment Subject To Operating Leases$4.7M49%

HNVR
HNVR

Segment breakdown not available.

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