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Side-by-side financial comparison of Granite Ridge Resources, Inc. (GRNT) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.
Granite Ridge Resources, Inc. is the larger business by last-quarter revenue ($128.3M vs $62.0M, roughly 2.1× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -36.7%, a 68.0% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 4.3%). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs 18.9%).
Granite Ridge Resources, Inc. is an independent upstream energy company focused on the exploration, development, and production of oil, natural gas, and natural gas liquids. It operates low-cost, high-yield onshore hydrocarbon assets across key U.S. basins, primarily serving North American energy markets.
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.
GRNT vs MPB — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $128.3M | $62.0M |
| Net Profit | $-47.0M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | — | 43.6% |
| Net Margin | -36.7% | 31.4% |
| Revenue YoY | 4.3% | 30.8% |
| Net Profit YoY | — | 47.0% |
| EPS (diluted) | $-0.36 | $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.
| Q1 26 | $128.3M | — | ||
| Q4 25 | $105.5M | $62.0M | ||
| Q3 25 | $112.7M | $61.8M | ||
| Q2 25 | $109.2M | $54.3M | ||
| Q1 25 | $122.9M | $47.7M | ||
| Q4 24 | $106.3M | $47.4M | ||
| Q3 24 | $94.1M | $45.3M | ||
| Q2 24 | $90.7M | $44.1M |
| Q1 26 | $-47.0M | — | ||
| Q4 25 | — | $19.4M | ||
| Q3 25 | $14.5M | $18.3M | ||
| Q2 25 | $25.1M | $4.8M | ||
| Q1 25 | $9.8M | $13.7M | ||
| Q4 24 | — | $13.2M | ||
| Q3 24 | $9.1M | $12.3M | ||
| Q2 24 | $5.1M | $11.8M |
| Q1 26 | — | — | ||
| Q4 25 | -34.5% | 43.6% | ||
| Q3 25 | 17.4% | 39.3% | ||
| Q2 25 | 19.0% | 7.9% | ||
| Q1 25 | 34.6% | 35.2% | ||
| Q4 24 | -6.5% | 34.1% | ||
| Q3 24 | 26.2% | 32.8% | ||
| Q2 24 | 24.1% | 32.4% |
| Q1 26 | -36.7% | — | ||
| Q4 25 | — | 31.4% | ||
| Q3 25 | 12.9% | 29.6% | ||
| Q2 25 | 23.0% | 8.8% | ||
| Q1 25 | 8.0% | 28.8% | ||
| Q4 24 | — | 27.9% | ||
| Q3 24 | 9.6% | 27.1% | ||
| Q2 24 | 5.6% | 26.7% |
| Q1 26 | $-0.36 | — | ||
| Q4 25 | $-0.19 | $0.83 | ||
| Q3 25 | $0.11 | $0.79 | ||
| Q2 25 | $0.19 | $0.22 | ||
| Q1 25 | $0.07 | $0.71 | ||
| Q4 24 | $-0.09 | $0.72 | ||
| Q3 24 | $0.07 | $0.74 | ||
| Q2 24 | $0.04 | $0.71 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $26.3M | — |
| Stockholders' EquityBook value | $545.6M | $814.1M |
| Total Assets | $1.2B | $6.1B |
| Debt / EquityLower = less leverage | 0.05× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $26.3M | — | ||
| Q4 25 | $367.8M | — | ||
| Q3 25 | $300.0M | — | ||
| Q2 25 | $275.0M | — | ||
| Q1 25 | $250.0M | — | ||
| Q4 24 | $205.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $545.6M | — | ||
| Q4 25 | $605.8M | $814.1M | ||
| Q3 25 | $643.9M | $796.3M | ||
| Q2 25 | $642.5M | $775.7M | ||
| Q1 25 | $631.4M | $667.9M | ||
| Q4 24 | $635.4M | $655.0M | ||
| Q3 24 | $660.6M | $573.1M | ||
| Q2 24 | $665.3M | $559.7M |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $6.1B | ||
| Q3 25 | $1.1B | $6.3B | ||
| Q2 25 | $1.1B | $6.4B | ||
| Q1 25 | $1.1B | $5.5B | ||
| Q4 24 | $1.0B | $5.5B | ||
| Q3 24 | $1.0B | $5.5B | ||
| Q2 24 | $990.5M | $5.4B |
| Q1 26 | 0.05× | — | ||
| Q4 25 | 0.61× | — | ||
| Q3 25 | 0.47× | — | ||
| Q2 25 | 0.43× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.32× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $58.3M | $80.0M |
| Free Cash FlowOCF − Capex | — | $71.8M |
| FCF MarginFCF / Revenue | — | 115.8% |
| Capex IntensityCapex / Revenue | 47.1% | 13.3% |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | — | $132.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $58.3M | — | ||
| Q4 25 | $64.5M | $80.0M | ||
| Q3 25 | $77.8M | $26.3M | ||
| Q2 25 | $78.0M | $29.0M | ||
| Q1 25 | $76.1M | $11.5M | ||
| Q4 24 | $68.2M | $51.4M | ||
| Q3 24 | $74.7M | $16.9M | ||
| Q2 24 | $64.2M | $18.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $71.8M | ||
| Q3 25 | — | $24.3M | ||
| Q2 25 | — | $27.2M | ||
| Q1 25 | — | $8.8M | ||
| Q4 24 | — | $44.5M | ||
| Q3 24 | — | $16.8M | ||
| Q2 24 | — | $17.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 115.8% | ||
| Q3 25 | — | 39.4% | ||
| Q2 25 | — | 50.1% | ||
| Q1 25 | — | 18.4% | ||
| Q4 24 | — | 93.8% | ||
| Q3 24 | — | 37.1% | ||
| Q2 24 | — | 40.2% |
| Q1 26 | 47.1% | — | ||
| Q4 25 | — | 13.3% | ||
| Q3 25 | — | 3.1% | ||
| Q2 25 | — | 3.2% | ||
| Q1 25 | — | 5.7% | ||
| Q4 24 | — | 14.6% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.12× | ||
| Q3 25 | 5.36× | 1.44× | ||
| Q2 25 | 3.11× | 6.08× | ||
| Q1 25 | 7.75× | 0.84× | ||
| Q4 24 | — | 3.88× | ||
| Q3 24 | 8.25× | 1.37× | ||
| Q2 24 | 12.58× | 1.53× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GRNT
| Oil sales | $103.4M | 81% |
| Natural gas and related product sales | $24.8M | 19% |
MPB
Segment breakdown not available.
