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Side-by-side financial comparison of HARVARD BIOSCIENCE INC (HBIO) and RIVERVIEW BANCORP INC (RVSB). Click either name above to swap in a different company.

HARVARD BIOSCIENCE INC is the larger business by last-quarter revenue ($23.7M vs $14.0M, roughly 1.7× RIVERVIEW BANCORP INC). RIVERVIEW BANCORP INC runs the higher net margin — 9.8% vs -12.0%, a 21.8% gap on every dollar of revenue. On growth, RIVERVIEW BANCORP INC posted the faster year-over-year revenue change (10.4% vs -3.3%). HARVARD BIOSCIENCE INC produced more free cash flow last quarter ($-545.0K vs $-736.0K). Over the past eight quarters, RIVERVIEW BANCORP INC's revenue compounded faster (24.6% CAGR vs -1.6%).

Harvard Bioscience is a global developer, manufacturer and marketer of life sciences equipment to support research and drug discovery. It is traded on NASDAQ under the stock symbol HBIO.

Riverview Bancorp Inc. is a U.S.-based bank holding company operating Riverview Community Bank, primarily serving the Pacific Northwest region. It offers personal and commercial banking products including savings accounts, consumer loans, mortgages, commercial lending, and small business financial solutions for retail customers and local enterprises.

HBIO vs RVSB — Head-to-Head

Bigger by revenue
HBIO
HBIO
1.7× larger
HBIO
$23.7M
$14.0M
RVSB
Growing faster (revenue YoY)
RVSB
RVSB
+13.7% gap
RVSB
10.4%
-3.3%
HBIO
Higher net margin
RVSB
RVSB
21.8% more per $
RVSB
9.8%
-12.0%
HBIO
More free cash flow
HBIO
HBIO
$191.0K more FCF
HBIO
$-545.0K
$-736.0K
RVSB
Faster 2-yr revenue CAGR
RVSB
RVSB
Annualised
RVSB
24.6%
-1.6%
HBIO

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HBIO
HBIO
RVSB
RVSB
Revenue
$23.7M
$14.0M
Net Profit
$-2.8M
$1.4M
Gross Margin
59.7%
Operating Margin
7.2%
12.4%
Net Margin
-12.0%
9.8%
Revenue YoY
-3.3%
10.4%
Net Profit YoY
-15916.7%
11.8%
EPS (diluted)
$-0.06
$0.07

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
HBIO
HBIO
RVSB
RVSB
Q4 25
$23.7M
$14.0M
Q3 25
$20.6M
$13.6M
Q2 25
$20.4M
$13.3M
Q1 25
$21.8M
$12.9M
Q4 24
$24.6M
$12.7M
Q3 24
$22.0M
$12.8M
Q2 24
$23.1M
$12.2M
Q1 24
$24.5M
$9.0M
Net Profit
HBIO
HBIO
RVSB
RVSB
Q4 25
$-2.8M
$1.4M
Q3 25
$-1.2M
$1.1M
Q2 25
$-2.3M
$1.2M
Q1 25
$-50.3M
$1.1M
Q4 24
$18.0K
$1.2M
Q3 24
$-4.8M
$1.6M
Q2 24
$-2.9M
$966.0K
Q1 24
$-4.7M
$-3.0M
Gross Margin
HBIO
HBIO
RVSB
RVSB
Q4 25
59.7%
Q3 25
58.4%
Q2 25
56.4%
Q1 25
56.0%
Q4 24
57.1%
Q3 24
58.1%
Q2 24
57.2%
Q1 24
60.3%
Operating Margin
HBIO
HBIO
RVSB
RVSB
Q4 25
7.2%
12.4%
Q3 25
1.0%
10.2%
Q2 25
-4.0%
11.7%
Q1 25
-228.1%
11.3%
Q4 24
0.0%
12.4%
Q3 24
-8.5%
15.5%
Q2 24
-9.0%
10.0%
Q1 24
-9.3%
-47.5%
Net Margin
HBIO
HBIO
RVSB
RVSB
Q4 25
-12.0%
9.8%
Q3 25
-6.0%
8.1%
Q2 25
-11.2%
9.2%
Q1 25
-231.2%
8.9%
Q4 24
0.1%
9.7%
Q3 24
-21.9%
12.2%
Q2 24
-12.7%
7.9%
Q1 24
-19.1%
-34.7%
EPS (diluted)
HBIO
HBIO
RVSB
RVSB
Q4 25
$-0.06
$0.07
Q3 25
$-0.03
$0.05
Q2 25
$-0.05
$0.06
Q1 25
$-1.14
$0.05
Q4 24
$0.01
$0.06
Q3 24
$-0.11
$0.07
Q2 24
$-0.07
$0.05
Q1 24
$-0.11
$-0.14

Balance Sheet & Financial Strength

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

Metric
HBIO
HBIO
RVSB
RVSB
Cash + ST InvestmentsLiquidity on hand
$8.6M
$28.6M
Total DebtLower is stronger
$35.9M
Stockholders' EquityBook value
$13.7M
$164.2M
Total Assets
$80.1M
$1.5B
Debt / EquityLower = less leverage
2.61×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBIO
HBIO
RVSB
RVSB
Q4 25
$8.6M
$28.6M
Q3 25
$6.8M
$32.8M
Q2 25
$7.4M
$34.2M
Q1 25
$5.5M
$29.4M
Q4 24
$4.1M
$25.3M
Q3 24
$4.6M
$31.0M
Q2 24
$4.0M
$27.8M
Q1 24
$4.3M
$23.6M
Total Debt
HBIO
HBIO
RVSB
RVSB
Q4 25
$35.9M
Q3 25
$34.0M
Q2 25
$34.9M
Q1 25
$36.4M
Q4 24
$37.0M
Q3 24
$34.9M
Q2 24
$35.7M
Q1 24
$35.6M
Stockholders' Equity
HBIO
HBIO
RVSB
RVSB
Q4 25
$13.7M
$164.2M
Q3 25
$14.1M
$163.5M
Q2 25
$15.7M
$162.0M
Q1 25
$14.8M
$160.0M
Q4 24
$63.3M
$158.3M
Q3 24
$65.3M
$160.8M
Q2 24
$67.2M
$155.9M
Q1 24
$68.8M
$155.6M
Total Assets
HBIO
HBIO
RVSB
RVSB
Q4 25
$80.1M
$1.5B
Q3 25
$78.0M
$1.5B
Q2 25
$80.1M
$1.5B
Q1 25
$79.8M
$1.5B
Q4 24
$126.6M
$1.5B
Q3 24
$131.2M
$1.5B
Q2 24
$128.9M
$1.5B
Q1 24
$133.2M
$1.5B
Debt / Equity
HBIO
HBIO
RVSB
RVSB
Q4 25
2.61×
Q3 25
2.41×
Q2 25
2.22×
Q1 25
2.45×
Q4 24
0.58×
Q3 24
0.53×
Q2 24
0.53×
Q1 24
0.52×

Cash Flow & Capital Efficiency

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

Metric
HBIO
HBIO
RVSB
RVSB
Operating Cash FlowLast quarter
$-96.0K
$-506.0K
Free Cash FlowOCF − Capex
$-545.0K
$-736.0K
FCF MarginFCF / Revenue
-2.3%
-5.2%
Capex IntensityCapex / Revenue
1.9%
1.6%
Cash ConversionOCF / Net Profit
-0.37×
TTM Free Cash FlowTrailing 4 quarters
$5.5M
$20.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBIO
HBIO
RVSB
RVSB
Q4 25
$-96.0K
$-506.0K
Q3 25
$1.1M
$16.8M
Q2 25
$2.8M
$-697.0K
Q1 25
$3.0M
$8.3M
Q4 24
$1.7M
$2.2M
Q3 24
$-842.0K
$764.0K
Q2 24
$-846.0K
$5.4M
Q1 24
$1.4M
$12.8M
Free Cash Flow
HBIO
HBIO
RVSB
RVSB
Q4 25
$-545.0K
$-736.0K
Q3 25
$877.0K
$16.4M
Q2 25
$2.7M
$-773.0K
Q1 25
$2.5M
$5.6M
Q4 24
$1.4M
$1.9M
Q3 24
$-1.7M
$-1.4M
Q2 24
$-1.7M
$5.3M
Q1 24
$758.0K
$7.1M
FCF Margin
HBIO
HBIO
RVSB
RVSB
Q4 25
-2.3%
-5.2%
Q3 25
4.3%
120.1%
Q2 25
13.0%
-5.8%
Q1 25
11.4%
43.1%
Q4 24
5.8%
15.0%
Q3 24
-7.8%
-11.3%
Q2 24
-7.2%
43.7%
Q1 24
3.1%
79.0%
Capex Intensity
HBIO
HBIO
RVSB
RVSB
Q4 25
1.9%
1.6%
Q3 25
1.0%
2.9%
Q2 25
0.4%
0.6%
Q1 25
2.4%
21.0%
Q4 24
1.2%
2.4%
Q3 24
4.0%
17.3%
Q2 24
3.5%
0.9%
Q1 24
2.6%
62.0%
Cash Conversion
HBIO
HBIO
RVSB
RVSB
Q4 25
-0.37×
Q3 25
15.25×
Q2 25
-0.57×
Q1 25
7.20×
Q4 24
95.83×
1.79×
Q3 24
0.49×
Q2 24
5.63×
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

HBIO
HBIO

Instruments Equipment Software And Accessories$21.6M91%
Service Maintenance And Warranty Contracts$2.1M9%

RVSB
RVSB

Segment breakdown not available.

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