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Side-by-side financial comparison of GOLAR LNG LTD (GLNG) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.

Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $122.5M, roughly 1.4× GOLAR LNG LTD). Merchants Bancorp runs the higher net margin — 38.6% vs 25.7%, a 13.0% gap on every dollar of revenue.

Golar LNG owns and operates marine LNG infrastructure. The company had developed Floating LNG liquefaction terminal (FLNG) and Floating Storage and Regasification Unit (FSRU) projects based on the conversion of existing LNG carriers. Front End Engineering and Design (FEED) studies have now been completed for a larger newbuild FLNG solution. Golar is also collaborating with another industry leader to investigate solutions for the floating production of blue and green ammonia as well as carbon ...

Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.

GLNG vs MBIN — Head-to-Head

Bigger by revenue
MBIN
MBIN
1.4× larger
MBIN
$175.2M
$122.5M
GLNG
Higher net margin
MBIN
MBIN
13.0% more per $
MBIN
38.6%
25.7%
GLNG

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
GLNG
GLNG
MBIN
MBIN
Revenue
$122.5M
$175.2M
Net Profit
$31.5M
$67.7M
Gross Margin
Operating Margin
39.4%
Net Margin
25.7%
38.6%
Revenue YoY
89.1%
Net Profit YoY
190.5%
16.3%
EPS (diluted)
$1.25

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
GLNG
GLNG
MBIN
MBIN
Q1 26
$175.2M
Q4 25
$185.3M
Q3 25
$122.5M
$171.1M
Q2 25
$179.2M
Q1 25
$145.9M
Q4 24
$193.8M
Q3 24
$64.8M
$149.6M
Q2 24
$159.5M
Net Profit
GLNG
GLNG
MBIN
MBIN
Q1 26
$67.7M
Q4 25
Q3 25
$31.5M
$54.7M
Q2 25
$38.0M
Q1 25
$58.2M
Q4 24
Q3 24
$-34.8M
$61.3M
Q2 24
$76.4M
Operating Margin
GLNG
GLNG
MBIN
MBIN
Q1 26
Q4 25
39.9%
Q3 25
39.4%
37.8%
Q2 25
27.3%
Q1 25
52.4%
Q4 24
66.0%
Q3 24
-43.7%
54.4%
Q2 24
62.2%
Net Margin
GLNG
GLNG
MBIN
MBIN
Q1 26
38.6%
Q4 25
Q3 25
25.7%
32.0%
Q2 25
21.2%
Q1 25
39.9%
Q4 24
Q3 24
-53.7%
41.0%
Q2 24
47.9%
EPS (diluted)
GLNG
GLNG
MBIN
MBIN
Q1 26
$1.25
Q4 25
$1.28
Q3 25
$0.97
Q2 25
$0.60
Q1 25
$0.93
Q4 24
$1.84
Q3 24
$1.17
Q2 24
$1.49

Balance Sheet & Financial Strength

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

Metric
GLNG
GLNG
MBIN
MBIN
Cash + ST InvestmentsLiquidity on hand
$611.2M
$83.2M
Total DebtLower is stronger
$1.9B
$32.0M
Stockholders' EquityBook value
$1.9B
$2.3B
Total Assets
$4.7B
$20.3B
Debt / EquityLower = less leverage
1.01×
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLNG
GLNG
MBIN
MBIN
Q1 26
$83.2M
Q4 25
Q3 25
$611.2M
Q2 25
Q1 25
Q4 24
Q3 24
$732.1M
Q2 24
Total Debt
GLNG
GLNG
MBIN
MBIN
Q1 26
$32.0M
Q4 25
Q3 25
$1.9B
Q2 25
Q1 25
Q4 24
Q3 24
$1.4B
Q2 24
Stockholders' Equity
GLNG
GLNG
MBIN
MBIN
Q1 26
$2.3B
Q4 25
$2.3B
Q3 25
$1.9B
$2.2B
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.0B
$1.9B
Q2 24
$1.9B
Total Assets
GLNG
GLNG
MBIN
MBIN
Q1 26
$20.3B
Q4 25
$19.4B
Q3 25
$4.7B
$19.4B
Q2 25
$19.1B
Q1 25
$18.8B
Q4 24
$18.8B
Q3 24
$4.3B
$18.7B
Q2 24
$18.2B
Debt / Equity
GLNG
GLNG
MBIN
MBIN
Q1 26
0.01×
Q4 25
Q3 25
1.01×
Q2 25
Q1 25
Q4 24
Q3 24
0.70×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
GLNG
GLNG
MBIN
MBIN
Operating Cash FlowLast quarter
$149.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.73×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLNG
GLNG
MBIN
MBIN
Q1 26
Q4 25
$-341.2M
Q3 25
$149.0M
$29.8M
Q2 25
$-121.2M
Q1 25
$148.0M
Q4 24
$-835.3M
Q3 24
$62.6M
$-492.6M
Q2 24
$51.1M
Free Cash Flow
GLNG
GLNG
MBIN
MBIN
Q1 26
Q4 25
$-362.2M
Q3 25
$24.0M
Q2 25
$-125.7M
Q1 25
$141.2M
Q4 24
$-853.7M
Q3 24
$-497.2M
Q2 24
$45.8M
FCF Margin
GLNG
GLNG
MBIN
MBIN
Q1 26
Q4 25
-195.5%
Q3 25
14.0%
Q2 25
-70.1%
Q1 25
96.8%
Q4 24
-440.6%
Q3 24
-332.4%
Q2 24
28.7%
Capex Intensity
GLNG
GLNG
MBIN
MBIN
Q1 26
Q4 25
11.3%
Q3 25
3.4%
Q2 25
2.5%
Q1 25
4.7%
Q4 24
9.5%
Q3 24
3.0%
Q2 24
3.3%
Cash Conversion
GLNG
GLNG
MBIN
MBIN
Q1 26
Q4 25
Q3 25
4.73×
0.54×
Q2 25
-3.19×
Q1 25
2.54×
Q4 24
Q3 24
-8.04×
Q2 24
0.67×

Financial Flow Comparison

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

Revenue Breakdown by Segment

GLNG
GLNG

Segment breakdown not available.

MBIN
MBIN

Net Interest Income$128.6M73%
Noninterest Income$46.6M27%

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