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Side-by-side financial comparison of Monte Rosa Therapeutics, Inc. (GLUE) and MIDDLEFIELD BANC CORP (MBCN). Click either name above to swap in a different company.

MIDDLEFIELD BANC CORP is the larger business by last-quarter revenue ($19.9M vs $12.8M, roughly 1.6× Monte Rosa Therapeutics, Inc.). MIDDLEFIELD BANC CORP runs the higher net margin — 26.7% vs -212.1%, a 238.8% gap on every dollar of revenue. On growth, Monte Rosa Therapeutics, Inc. posted the faster year-over-year revenue change (38.5% vs 18.3%). Monte Rosa Therapeutics, Inc. produced more free cash flow last quarter ($99.8M vs $3.4M).

Monte Rosa Therapeutics is a clinical-stage biotechnology company specializing in the discovery and development of targeted molecular glue degrader therapies. Its pipeline addresses unmet medical needs across oncology, rare genetic disorders and immunological diseases, with operations focused on advancing novel treatments for global patient populations.

Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origins back to 1863 when it was first founded as the First National Bank of Cincinnati.

GLUE vs MBCN — Head-to-Head

Bigger by revenue
MBCN
MBCN
1.6× larger
MBCN
$19.9M
$12.8M
GLUE
Growing faster (revenue YoY)
GLUE
GLUE
+20.3% gap
GLUE
38.5%
18.3%
MBCN
Higher net margin
MBCN
MBCN
238.8% more per $
MBCN
26.7%
-212.1%
GLUE
More free cash flow
GLUE
GLUE
$96.4M more FCF
GLUE
$99.8M
$3.4M
MBCN

Income Statement — Q3 FY2025 vs Q3 FY2025

Metric
GLUE
GLUE
MBCN
MBCN
Revenue
$12.8M
$19.9M
Net Profit
$-27.1M
$5.3M
Gross Margin
Operating Margin
-258.3%
32.2%
Net Margin
-212.1%
26.7%
Revenue YoY
38.5%
18.3%
Net Profit YoY
-13.5%
127.4%
EPS (diluted)
$0.65

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
GLUE
GLUE
MBCN
MBCN
Q3 25
$12.8M
$19.9M
Q2 25
$23.2M
$20.5M
Q1 25
$84.9M
$18.0M
Q4 24
$60.6M
$17.5M
Q3 24
$16.8M
Q2 24
$16.8M
Q1 24
$16.8M
Q4 23
$0
$15.4M
Net Profit
GLUE
GLUE
MBCN
MBCN
Q3 25
$-27.1M
$5.3M
Q2 25
$-12.3M
$6.2M
Q1 25
$46.9M
$4.8M
Q4 24
$13.4M
$4.8M
Q3 24
$2.3M
Q2 24
$4.2M
Q1 24
$4.2M
Q4 23
$-33.3M
$3.5M
Operating Margin
GLUE
GLUE
MBCN
MBCN
Q3 25
-258.3%
32.2%
Q2 25
-67.1%
35.9%
Q1 25
51.9%
31.9%
Q4 24
21.4%
33.4%
Q3 24
16.1%
Q2 24
28.8%
Q1 24
29.4%
Q4 23
27.7%
Net Margin
GLUE
GLUE
MBCN
MBCN
Q3 25
-212.1%
26.7%
Q2 25
-53.0%
30.0%
Q1 25
55.2%
26.8%
Q4 24
22.2%
27.8%
Q3 24
13.9%
Q2 24
24.7%
Q1 24
24.9%
Q4 23
23.0%
EPS (diluted)
GLUE
GLUE
MBCN
MBCN
Q3 25
$0.65
Q2 25
$0.76
Q1 25
$0.60
Q4 24
$0.60
Q3 24
$0.29
Q2 24
$0.52
Q1 24
$0.51
Q4 23
$0.44

Balance Sheet & Financial Strength

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

Metric
GLUE
GLUE
MBCN
MBCN
Cash + ST InvestmentsLiquidity on hand
$208.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$245.8M
$224.1M
Total Assets
$459.8M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GLUE
GLUE
MBCN
MBCN
Q3 25
$208.3M
Q2 25
$69.4M
Q1 25
$78.5M
Q4 24
$224.3M
Q3 24
Q2 24
Q1 24
Q4 23
$128.1M
Stockholders' Equity
GLUE
GLUE
MBCN
MBCN
Q3 25
$245.8M
$224.1M
Q2 25
$268.1M
$216.1M
Q1 25
$275.2M
$213.8M
Q4 24
$222.9M
$210.6M
Q3 24
$210.7M
Q2 24
$206.8M
Q1 24
$205.6M
Q4 23
$179.3M
$205.7M
Total Assets
GLUE
GLUE
MBCN
MBCN
Q3 25
$459.8M
$2.0B
Q2 25
$359.6M
$1.9B
Q1 25
$393.2M
$1.9B
Q4 24
$438.7M
$1.9B
Q3 24
$1.9B
Q2 24
$1.8B
Q1 24
$1.8B
Q4 23
$303.8M
$1.8B

Cash Flow & Capital Efficiency

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

Metric
GLUE
GLUE
MBCN
MBCN
Operating Cash FlowLast quarter
$100.4M
$4.8M
Free Cash FlowOCF − Capex
$99.8M
$3.4M
FCF MarginFCF / Revenue
781.5%
17.0%
Capex IntensityCapex / Revenue
5.1%
7.2%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$145.0M
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GLUE
GLUE
MBCN
MBCN
Q3 25
$100.4M
$4.8M
Q2 25
$-34.7M
$4.8M
Q1 25
$-45.5M
$8.0M
Q4 24
$128.9M
$17.5M
Q3 24
$6.0M
Q2 24
$3.4M
Q1 24
$5.4M
Q4 23
$29.6M
$7.7M
Free Cash Flow
GLUE
GLUE
MBCN
MBCN
Q3 25
$99.8M
$3.4M
Q2 25
$-36.4M
$4.2M
Q1 25
$-47.1M
$7.7M
Q4 24
$128.7M
$16.7M
Q3 24
$5.8M
Q2 24
$3.3M
Q1 24
$5.3M
Q4 23
$27.9M
$7.7M
FCF Margin
GLUE
GLUE
MBCN
MBCN
Q3 25
781.5%
17.0%
Q2 25
-157.0%
20.5%
Q1 25
-55.4%
42.9%
Q4 24
212.3%
95.6%
Q3 24
34.7%
Q2 24
19.3%
Q1 24
31.9%
Q4 23
50.1%
Capex Intensity
GLUE
GLUE
MBCN
MBCN
Q3 25
5.1%
7.2%
Q2 25
7.3%
3.0%
Q1 25
1.9%
1.5%
Q4 24
0.3%
4.4%
Q3 24
1.0%
Q2 24
0.6%
Q1 24
0.5%
Q4 23
0.2%
Cash Conversion
GLUE
GLUE
MBCN
MBCN
Q3 25
0.91×
Q2 25
0.78×
Q1 25
-0.97×
1.66×
Q4 24
9.59×
3.60×
Q3 24
2.57×
Q2 24
0.81×
Q1 24
1.31×
Q4 23
2.18×

Financial Flow Comparison

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

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