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Side-by-side financial comparison of Home Federal Bancorp, Inc. of Louisiana (HFBL) and Red Cat Holdings, Inc. (RCAT). Click either name above to swap in a different company.

Red Cat Holdings, Inc. is the larger business by last-quarter revenue ($9.6M vs $6.0M, roughly 1.6× Home Federal Bancorp, Inc. of Louisiana). Home Federal Bancorp, Inc. of Louisiana runs the higher net margin — 27.8% vs -166.0%, a 193.9% gap on every dollar of revenue. On growth, Red Cat Holdings, Inc. posted the faster year-over-year revenue change (988.2% vs 18.2%).

Home Federal Bancorp, Inc. of Louisiana is a U.S. bank holding company based in Louisiana. It operates community banking services via its subsidiary, offering retail customers and local small businesses a full suite of financial products including deposit accounts, consumer loans, mortgage loans, and commercial financing, primarily serving local markets across Louisiana.

Mega Cat Studios is an American video game development and publishing company located in Pittsburgh, Pennsylvania. It was founded in 2015 by James Deighan, Nick Mann, and Zack Manko.

HFBL vs RCAT — Head-to-Head

Bigger by revenue
RCAT
RCAT
1.6× larger
RCAT
$9.6M
$6.0M
HFBL
Growing faster (revenue YoY)
RCAT
RCAT
+970.0% gap
RCAT
988.2%
18.2%
HFBL
Higher net margin
HFBL
HFBL
193.9% more per $
HFBL
27.8%
-166.0%
RCAT

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
HFBL
HFBL
RCAT
RCAT
Revenue
$6.0M
$9.6M
Net Profit
$1.7M
$-16.0M
Gross Margin
6.6%
Operating Margin
35.1%
-181.7%
Net Margin
27.8%
-166.0%
Revenue YoY
18.2%
988.2%
Net Profit YoY
64.2%
-29.0%
EPS (diluted)
$0.54
$-0.16

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
HFBL
HFBL
RCAT
RCAT
Q4 25
$6.0M
Q3 25
$5.9M
$9.6M
Q2 25
$5.6M
Q1 25
$5.2M
$1.6M
Q4 24
$5.1M
$0
Q3 24
$4.7M
Q2 24
$4.9M
Q1 24
$4.9M
$5.8M
Net Profit
HFBL
HFBL
RCAT
RCAT
Q4 25
$1.7M
Q3 25
$1.6M
$-16.0M
Q2 25
$1.2M
Q1 25
$748.0K
$-23.1M
Q4 24
$1.0M
$-13.3M
Q3 24
$941.0K
Q2 24
$638.0K
Q1 24
$732.0K
$-5.5M
Gross Margin
HFBL
HFBL
RCAT
RCAT
Q4 25
Q3 25
6.6%
Q2 25
Q1 25
-52.2%
Q4 24
Q3 24
Q2 24
Q1 24
18.8%
Operating Margin
HFBL
HFBL
RCAT
RCAT
Q4 25
35.1%
Q3 25
34.1%
-181.7%
Q2 25
27.5%
Q1 25
18.3%
-765.7%
Q4 24
23.7%
Q3 24
19.9%
Q2 24
16.9%
Q1 24
18.5%
-76.0%
Net Margin
HFBL
HFBL
RCAT
RCAT
Q4 25
27.8%
Q3 25
27.1%
-166.0%
Q2 25
20.9%
Q1 25
14.4%
-1418.9%
Q4 24
20.0%
Q3 24
19.9%
Q2 24
13.1%
Q1 24
14.9%
-93.9%
EPS (diluted)
HFBL
HFBL
RCAT
RCAT
Q4 25
$0.54
Q3 25
$0.52
$-0.16
Q2 25
$0.38
Q1 25
$0.24
$-0.27
Q4 24
$0.33
Q3 24
$0.31
Q2 24
$0.21
Q1 24
$0.24

Balance Sheet & Financial Strength

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

Metric
HFBL
HFBL
RCAT
RCAT
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$57.7M
$253.3M
Total Assets
$621.4M
$286.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
HFBL
HFBL
RCAT
RCAT
Q4 25
$57.7M
Q3 25
$56.6M
$253.3M
Q2 25
$55.2M
Q1 25
$54.7M
$28.9M
Q4 24
$53.9M
$27.0M
Q3 24
$54.3M
Q2 24
$52.8M
Q1 24
$52.5M
$49.6M
Total Assets
HFBL
HFBL
RCAT
RCAT
Q4 25
$621.4M
Q3 25
$622.6M
$286.0M
Q2 25
$609.5M
Q1 25
$619.6M
$59.7M
Q4 24
$607.8M
$51.1M
Q3 24
$628.4M
Q2 24
$637.5M
Q1 24
$643.0M
$55.3M

Cash Flow & Capital Efficiency

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

Metric
HFBL
HFBL
RCAT
RCAT
Operating Cash FlowLast quarter
$2.9M
$-23.9M
Free Cash FlowOCF − Capex
$-24.5M
FCF MarginFCF / Revenue
-254.2%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
1.70×
TTM Free Cash FlowTrailing 4 quarters
$-55.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HFBL
HFBL
RCAT
RCAT
Q4 25
$2.9M
Q3 25
$2.8M
$-23.9M
Q2 25
$5.5M
Q1 25
$991.0K
$-15.9M
Q4 24
$2.6M
$-10.1M
Q3 24
$871.0K
Q2 24
$2.3M
Q1 24
$650.0K
$-4.1M
Free Cash Flow
HFBL
HFBL
RCAT
RCAT
Q4 25
Q3 25
$-24.5M
Q2 25
Q1 25
$-16.2M
Q4 24
$-10.2M
Q3 24
$843.0K
Q2 24
$2.3M
Q1 24
$-4.2M
FCF Margin
HFBL
HFBL
RCAT
RCAT
Q4 25
Q3 25
-254.2%
Q2 25
Q1 25
-992.9%
Q4 24
Q3 24
17.8%
Q2 24
46.8%
Q1 24
-71.1%
Capex Intensity
HFBL
HFBL
RCAT
RCAT
Q4 25
Q3 25
6.9%
Q2 25
Q1 25
16.8%
Q4 24
Q3 24
0.6%
Q2 24
0.8%
Q1 24
0.8%
Cash Conversion
HFBL
HFBL
RCAT
RCAT
Q4 25
1.70×
Q3 25
1.74×
Q2 25
4.64×
Q1 25
1.32×
Q4 24
2.54×
Q3 24
0.93×
Q2 24
3.63×
Q1 24
0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HFBL
HFBL

Segment breakdown not available.

RCAT
RCAT

Products$8.5M88%
Services$1.2M12%

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