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Side-by-side financial comparison of GRAIL, Inc. (GRAL) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $43.6M, roughly 1.4× GRAIL, Inc.). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -227.5%, a 258.8% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 14.0%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-63.9M). Over the past eight quarters, GRAIL, Inc.'s revenue compounded faster (27.7% CAGR vs 21.1%).
GRAIL, Inc. is an American biotechnology company based in Menlo Park, California founded in 2015 seeking to develop an early cancer screening test for people who do not have symptoms. As a startup it was a subsidiary of Illumina, which bought it outright in 2021.
Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.
GRAL vs MPB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $43.6M | $62.0M |
| Net Profit | $-99.2M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | -285.4% | 43.6% |
| Net Margin | -227.5% | 31.4% |
| Revenue YoY | 14.0% | 30.8% |
| Net Profit YoY | -2.2% | 47.0% |
| EPS (diluted) | $-2.37 | $0.83 |
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.
| Q4 25 | $43.6M | $62.0M | ||
| Q3 25 | $36.2M | $61.8M | ||
| Q2 25 | $35.5M | $54.3M | ||
| Q1 25 | $31.8M | $47.7M | ||
| Q4 24 | $38.3M | $47.4M | ||
| Q3 24 | $28.7M | $45.3M | ||
| Q2 24 | $32.0M | $44.1M | ||
| Q1 24 | $26.7M | $42.3M |
| Q4 25 | $-99.2M | $19.4M | ||
| Q3 25 | $-89.0M | $18.3M | ||
| Q2 25 | $-114.0M | $4.8M | ||
| Q1 25 | $-106.2M | $13.7M | ||
| Q4 24 | $-97.1M | $13.2M | ||
| Q3 24 | $-125.7M | $12.3M | ||
| Q2 24 | $-1.6B | $11.8M | ||
| Q1 24 | $-218.9M | $12.1M |
| Q4 25 | -285.4% | 43.6% | ||
| Q3 25 | -346.2% | 39.3% | ||
| Q2 25 | -446.9% | 7.9% | ||
| Q1 25 | -482.5% | 35.2% | ||
| Q4 24 | -358.0% | 34.1% | ||
| Q3 24 | -640.5% | 32.8% | ||
| Q2 24 | -5133.8% | 32.4% | ||
| Q1 24 | -851.1% | 34.8% |
| Q4 25 | -227.5% | 31.4% | ||
| Q3 25 | -245.8% | 29.6% | ||
| Q2 25 | -320.7% | 8.8% | ||
| Q1 25 | -333.6% | 28.8% | ||
| Q4 24 | -253.8% | 27.9% | ||
| Q3 24 | -438.7% | 27.1% | ||
| Q2 24 | -4958.8% | 26.7% | ||
| Q1 24 | -819.3% | 28.7% |
| Q4 25 | $-2.37 | $0.83 | ||
| Q3 25 | $-2.46 | $0.79 | ||
| Q2 25 | $-3.18 | $0.22 | ||
| Q1 25 | $-3.10 | $0.71 | ||
| Q4 24 | $-1.49 | $0.72 | ||
| Q3 24 | $-3.94 | $0.74 | ||
| Q2 24 | $-51.06 | $0.71 | ||
| Q1 24 | $-7.05 | $0.73 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $249.7M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $814.1M |
| Total Assets | $2.9B | $6.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $249.7M | — | ||
| Q3 25 | $126.9M | — | ||
| Q2 25 | $127.4M | — | ||
| Q1 25 | $133.9M | — | ||
| Q4 24 | $214.2M | — | ||
| Q3 24 | $853.6M | — | ||
| Q2 24 | $958.8M | — | ||
| Q1 24 | $199.7M | — |
| Q4 25 | $2.6B | $814.1M | ||
| Q3 25 | $2.2B | $796.3M | ||
| Q2 25 | $2.3B | $775.7M | ||
| Q1 25 | $2.4B | $667.9M | ||
| Q4 24 | $2.5B | $655.0M | ||
| Q3 24 | $2.6B | $573.1M | ||
| Q2 24 | $2.7B | $559.7M | ||
| Q1 24 | — | $551.0M |
| Q4 25 | $2.9B | $6.1B | ||
| Q3 25 | $2.6B | $6.3B | ||
| Q2 25 | $2.7B | $6.4B | ||
| Q1 25 | $2.8B | $5.5B | ||
| Q4 24 | $3.0B | $5.5B | ||
| Q3 24 | $3.1B | $5.5B | ||
| Q2 24 | $3.3B | $5.4B | ||
| Q1 24 | — | $5.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-63.8M | $80.0M |
| Free Cash FlowOCF − Capex | $-63.9M | $71.8M |
| FCF MarginFCF / Revenue | -146.5% | 115.8% |
| Capex IntensityCapex / Revenue | 0.2% | 13.3% |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $-299.9M | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-63.8M | $80.0M | ||
| Q3 25 | $-63.2M | $26.3M | ||
| Q2 25 | $-77.0M | $29.0M | ||
| Q1 25 | $-95.0M | $11.5M | ||
| Q4 24 | — | $51.4M | ||
| Q3 24 | $-104.6M | $16.9M | ||
| Q2 24 | $-171.8M | $18.0M | ||
| Q1 24 | $-207.3M | $12.4M |
| Q4 25 | $-63.9M | $71.8M | ||
| Q3 25 | $-63.6M | $24.3M | ||
| Q2 25 | $-77.3M | $27.2M | ||
| Q1 25 | $-95.1M | $8.8M | ||
| Q4 24 | — | $44.5M | ||
| Q3 24 | $-105.6M | $16.8M | ||
| Q2 24 | $-173.2M | $17.7M | ||
| Q1 24 | $-209.8M | $12.1M |
| Q4 25 | -146.5% | 115.8% | ||
| Q3 25 | -175.8% | 39.4% | ||
| Q2 25 | -217.6% | 50.1% | ||
| Q1 25 | -298.6% | 18.4% | ||
| Q4 24 | — | 93.8% | ||
| Q3 24 | -368.4% | 37.1% | ||
| Q2 24 | -541.7% | 40.2% | ||
| Q1 24 | -785.3% | 28.5% |
| Q4 25 | 0.2% | 13.3% | ||
| Q3 25 | 1.1% | 3.1% | ||
| Q2 25 | 1.0% | 3.2% | ||
| Q1 25 | 0.2% | 5.7% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | 3.4% | 0.0% | ||
| Q2 24 | 4.3% | 0.7% | ||
| Q1 24 | 9.5% | 0.8% |
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 1.44× | ||
| Q2 25 | — | 6.08× | ||
| Q1 25 | — | 0.84× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | — | 1.37× | ||
| Q2 24 | — | 1.53× | ||
| Q1 24 | — | 1.02× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRAL
| Screening Revenue | $42.3M | 97% |
| Developmental Services Revenue | $1.3M | 3% |
MPB
Segment breakdown not available.
