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Side-by-side financial comparison of GOLD RESOURCE CORP (GORO) 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 $51.3M, roughly 1.3× GOLD RESOURCE CORP). GOLD RESOURCE CORP runs the higher net margin — 35.1% vs 33.6%, a 1.5% gap on every dollar of revenue. Over the past eight quarters, GOLD RESOURCE CORP's revenue compounded faster (65.6% CAGR vs 9.1%).

Gold Springs Resource Corp is a Canadian company that is pursuing the development of the Gold Springs gold-silver mine on the border of Utah and Nevada in the United States. Headquartered in Vancouver, the company is listed on the Toronto Stock Exchange in Canada and the OTCQX market exchange in the US. The company was founded in 2006 as the South American Silver Corporation, an equity carve-out of the General Minerals Corporation, to pursue exploration and development of the Malku Khota and ...

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 ...

GORO vs MBWM — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.3× larger
MBWM
$67.6M
$51.3M
GORO
Higher net margin
GORO
GORO
1.5% more per $
GORO
35.1%
33.6%
MBWM
Faster 2-yr revenue CAGR
GORO
GORO
Annualised
GORO
65.6%
9.1%
MBWM

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
GORO
GORO
MBWM
MBWM
Revenue
$51.3M
$67.6M
Net Profit
$18.0M
$22.7M
Gross Margin
51.5%
Operating Margin
38.9%
Net Margin
35.1%
33.6%
Revenue YoY
295.5%
Net Profit YoY
261.6%
16.1%
EPS (diluted)
$0.14
$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
GORO
GORO
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$51.3M
$62.1M
Q3 25
$24.9M
$62.4M
Q2 25
$11.2M
$60.9M
Q1 25
$12.4M
$57.3M
Q4 24
$13.0M
$58.5M
Q3 24
$13.3M
$58.0M
Q2 24
$20.8M
$56.8M
Net Profit
GORO
GORO
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$18.0M
$22.8M
Q3 25
$-4.7M
$23.8M
Q2 25
$-11.5M
$22.6M
Q1 25
$-8.3M
$19.5M
Q4 24
$-11.1M
$19.6M
Q3 24
$-12.7M
$19.6M
Q2 24
$-27.0M
$18.8M
Gross Margin
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
51.5%
Q3 25
25.0%
Q2 25
-39.4%
Q1 25
-11.8%
Q4 24
-46.7%
Q3 24
-65.3%
Q2 24
-17.3%
Operating Margin
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
38.9%
42.0%
Q3 25
-14.9%
44.0%
Q2 25
-102.4%
42.6%
Q1 25
-63.1%
42.0%
Q4 24
-96.9%
39.7%
Q3 24
-122.7%
42.4%
Q2 24
-52.1%
41.4%
Net Margin
GORO
GORO
MBWM
MBWM
Q1 26
33.6%
Q4 25
35.1%
36.8%
Q3 25
-18.7%
38.1%
Q2 25
-102.3%
37.1%
Q1 25
-67.3%
34.1%
Q4 24
-85.9%
33.5%
Q3 24
-95.5%
33.8%
Q2 24
-129.9%
33.1%
EPS (diluted)
GORO
GORO
MBWM
MBWM
Q1 26
$1.32
Q4 25
$0.14
$1.41
Q3 25
$-0.03
$1.46
Q2 25
$-0.09
$1.39
Q1 25
$-0.07
$1.21
Q4 24
$-0.11
$1.20
Q3 24
$-0.14
$1.22
Q2 24
$-0.30
$1.17

Balance Sheet & Financial Strength

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

Metric
GORO
GORO
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$25.0M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$44.0M
$736.9M
Total Assets
$184.1M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
$25.0M
Q3 25
$9.8M
Q2 25
$12.7M
Q1 25
$4.9M
Q4 24
$1.6M
Q3 24
$1.4M
Q2 24
$5.3M
Total Debt
GORO
GORO
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
GORO
GORO
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$44.0M
$724.9M
Q3 25
$26.0M
$657.6M
Q2 25
$19.2M
$631.5M
Q1 25
$24.6M
$608.3M
Q4 24
$27.3M
$584.5M
Q3 24
$37.9M
$583.3M
Q2 24
$49.8M
$551.2M
Total Assets
GORO
GORO
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$184.1M
$6.8B
Q3 25
$164.3M
$6.3B
Q2 25
$155.1M
$6.2B
Q1 25
$147.7M
$6.1B
Q4 24
$145.9M
$6.1B
Q3 24
$154.5M
$5.9B
Q2 24
$161.5M
$5.6B
Debt / Equity
GORO
GORO
MBWM
MBWM
Q1 26
0.00×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
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
GORO
GORO
MBWM
MBWM
Operating Cash FlowLast quarter
$24.2M
Free Cash FlowOCF − Capex
$15.3M
FCF MarginFCF / Revenue
29.8%
Capex IntensityCapex / Revenue
17.3%
Cash ConversionOCF / Net Profit
1.34×
TTM Free Cash FlowTrailing 4 quarters
$644.0K

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
$24.2M
$18.0M
Q3 25
$-325.0K
$23.1M
Q2 25
$-1.3M
$-7.8M
Q1 25
$-828.0K
$-3.0M
Q4 24
$1.3M
$101.1M
Q3 24
$-3.4M
$-8.1M
Q2 24
$-63.0K
$9.1M
Free Cash Flow
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
$15.3M
Q3 25
$-7.8M
Q2 25
$-3.8M
Q1 25
$-3.0M
Q4 24
$58.0K
Q3 24
$-5.7M
Q2 24
$-2.1M
FCF Margin
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
29.8%
Q3 25
-31.3%
Q2 25
-34.2%
Q1 25
-24.4%
Q4 24
0.4%
Q3 24
-43.1%
Q2 24
-10.0%
Capex Intensity
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
17.3%
Q3 25
30.0%
Q2 25
22.6%
Q1 25
17.7%
Q4 24
9.8%
Q3 24
17.7%
Q2 24
9.7%
Cash Conversion
GORO
GORO
MBWM
MBWM
Q1 26
Q4 25
1.34×
0.79×
Q3 25
0.97×
Q2 25
-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

GORO
GORO

Segment breakdown not available.

MBWM
MBWM

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

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