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Side-by-side financial comparison of Hanover Bancorp, Inc. (HNVR) and INNOVATIVE SOLUTIONS & SUPPORT INC (ISSC). Click either name above to swap in a different company.

INNOVATIVE SOLUTIONS & SUPPORT INC is the larger business by last-quarter revenue ($21.8M vs $18.6M, roughly 1.2× Hanover Bancorp, Inc.). INNOVATIVE SOLUTIONS & SUPPORT INC runs the higher net margin — 18.6% vs 0.2%, a 18.4% gap on every dollar of revenue. On growth, INNOVATIVE SOLUTIONS & SUPPORT INC posted the faster year-over-year revenue change (36.6% vs 3.3%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M vs $7.0M). Over the past eight quarters, INNOVATIVE SOLUTIONS & SUPPORT INC's revenue compounded faster (42.5% CAGR vs 6.1%).

Hanover Bancorp, Inc. is a U.S. regional bank holding company based in Maryland. It offers retail and commercial banking services including deposits, business loans, mortgages, personal lending and wealth management, serving consumers, SMEs and local groups across Maryland and adjacent mid-Atlantic markets.

Motorola Solutions, Inc., is an American technology company that provides safety and security products and services. Headquartered in Chicago, Illinois, the company provides critical communications, video security, and command center technologies, used by public safety agencies and enterprises. It was formed in 2011 by the division of Motorola, Inc., and is its legal successor; the former company's mobile phone division was spun off as Motorola Mobility, now part of Chinese technology company...

HNVR vs ISSC — Head-to-Head

Bigger by revenue
ISSC
ISSC
1.2× larger
ISSC
$21.8M
$18.6M
HNVR
Growing faster (revenue YoY)
ISSC
ISSC
+33.2% gap
ISSC
36.6%
3.3%
HNVR
Higher net margin
ISSC
ISSC
18.4% more per $
ISSC
18.6%
0.2%
HNVR
More free cash flow
HNVR
HNVR
$5.1M more FCF
HNVR
$12.2M
$7.0M
ISSC
Faster 2-yr revenue CAGR
ISSC
ISSC
Annualised
ISSC
42.5%
6.1%
HNVR

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HNVR
HNVR
ISSC
ISSC
Revenue
$18.6M
$21.8M
Net Profit
$33.0K
$4.1M
Gross Margin
54.5%
Operating Margin
0.7%
28.9%
Net Margin
0.2%
18.6%
Revenue YoY
3.3%
36.6%
Net Profit YoY
-99.2%
451.4%
EPS (diluted)
$0.00
$0.22

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
HNVR
HNVR
ISSC
ISSC
Q4 25
$18.6M
$21.8M
Q3 25
$18.0M
$22.2M
Q2 25
$18.4M
$24.1M
Q1 25
$18.4M
$21.9M
Q4 24
$18.0M
$16.0M
Q3 24
$17.1M
$15.4M
Q2 24
$16.9M
$11.8M
Q1 24
$16.5M
$10.7M
Net Profit
HNVR
HNVR
ISSC
ISSC
Q4 25
$33.0K
$4.1M
Q3 25
$3.5M
$7.1M
Q2 25
$2.4M
$2.4M
Q1 25
$1.5M
$5.3M
Q4 24
$3.9M
$736.2K
Q3 24
$3.5M
$3.2M
Q2 24
$844.0K
$1.6M
Q1 24
$4.1M
$1.2M
Gross Margin
HNVR
HNVR
ISSC
ISSC
Q4 25
54.5%
Q3 25
63.2%
Q2 25
35.5%
Q1 25
51.4%
Q4 24
41.4%
Q3 24
55.4%
Q2 24
53.4%
Q1 24
52.0%
Operating Margin
HNVR
HNVR
ISSC
ISSC
Q4 25
0.7%
28.9%
Q3 25
25.9%
37.0%
Q2 25
18.4%
14.6%
Q1 25
9.6%
31.8%
Q4 24
28.9%
8.4%
Q3 24
27.1%
28.4%
Q2 24
6.9%
17.3%
Q1 24
32.7%
15.3%
Net Margin
HNVR
HNVR
ISSC
ISSC
Q4 25
0.2%
18.6%
Q3 25
19.4%
32.0%
Q2 25
13.3%
10.1%
Q1 25
8.3%
24.3%
Q4 24
21.7%
4.6%
Q3 24
20.7%
20.7%
Q2 24
5.0%
13.2%
Q1 24
24.6%
11.3%
EPS (diluted)
HNVR
HNVR
ISSC
ISSC
Q4 25
$0.00
$0.22
Q3 25
$0.47
$0.40
Q2 25
$0.33
$0.14
Q1 25
$0.20
$0.30
Q4 24
$0.52
$0.04
Q3 24
$0.48
$0.18
Q2 24
$0.11
$0.09
Q1 24
$0.55
$0.07

Balance Sheet & Financial Strength

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

Metric
HNVR
HNVR
ISSC
ISSC
Cash + ST InvestmentsLiquidity on hand
$208.9M
$8.3M
Total DebtLower is stronger
$23.8M
Stockholders' EquityBook value
$200.3M
$68.7M
Total Assets
$2.4B
$109.9M
Debt / EquityLower = less leverage
0.35×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNVR
HNVR
ISSC
ISSC
Q4 25
$208.9M
$8.3M
Q3 25
$167.6M
$2.7M
Q2 25
$164.5M
$601.8K
Q1 25
$160.2M
$1.2M
Q4 24
$162.9M
$604.6K
Q3 24
$141.2M
$539.0K
Q2 24
$141.1M
$521.0K
Q1 24
$136.5M
$574.1K
Total Debt
HNVR
HNVR
ISSC
ISSC
Q4 25
$23.8M
Q3 25
$24.4M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HNVR
HNVR
ISSC
ISSC
Q4 25
$200.3M
$68.7M
Q3 25
$201.8M
$64.6M
Q2 25
$198.9M
$56.8M
Q1 25
$196.6M
$53.5M
Q4 24
$196.6M
$47.8M
Q3 24
$192.3M
$46.6M
Q2 24
$190.1M
$43.2M
Q1 24
$189.5M
$41.4M
Total Assets
HNVR
HNVR
ISSC
ISSC
Q4 25
$2.4B
$109.9M
Q3 25
$2.3B
$103.4M
Q2 25
$2.3B
$91.8M
Q1 25
$2.3B
$89.9M
Q4 24
$2.3B
$81.3M
Q3 24
$2.3B
$82.4M
Q2 24
$2.3B
$59.8M
Q1 24
$2.3B
$57.6M
Debt / Equity
HNVR
HNVR
ISSC
ISSC
Q4 25
0.35×
Q3 25
0.38×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
HNVR
HNVR
ISSC
ISSC
Operating Cash FlowLast quarter
$13.1M
$8.2M
Free Cash FlowOCF − Capex
$12.2M
$7.0M
FCF MarginFCF / Revenue
65.5%
32.3%
Capex IntensityCapex / Revenue
4.7%
5.1%
Cash ConversionOCF / Net Profit
395.48×
2.01×
TTM Free Cash FlowTrailing 4 quarters
$16.3M
$12.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNVR
HNVR
ISSC
ISSC
Q4 25
$13.1M
$8.2M
Q3 25
$2.7M
$3.0M
Q2 25
$-2.1M
$7.2M
Q1 25
$4.1M
$1.3M
Q4 24
$5.4M
$1.8M
Q3 24
$-547.0K
$445.3K
Q2 24
$-3.1M
$934.1K
Q1 24
$3.6M
$201.1K
Free Cash Flow
HNVR
HNVR
ISSC
ISSC
Q4 25
$12.2M
$7.0M
Q3 25
$2.4M
$2.0M
Q2 25
$-2.2M
$3.5M
Q1 25
$3.9M
$-267.7K
Q4 24
$4.1M
$1.6M
Q3 24
$-876.0K
$299.5K
Q2 24
$-4.5M
$730.8K
Q1 24
$3.3M
$75.4K
FCF Margin
HNVR
HNVR
ISSC
ISSC
Q4 25
65.5%
32.3%
Q3 25
13.5%
8.8%
Q2 25
-11.7%
14.6%
Q1 25
21.2%
-1.2%
Q4 24
23.1%
9.9%
Q3 24
-5.1%
1.9%
Q2 24
-26.9%
6.2%
Q1 24
19.9%
0.7%
Capex Intensity
HNVR
HNVR
ISSC
ISSC
Q4 25
4.7%
5.1%
Q3 25
1.8%
4.5%
Q2 25
0.5%
15.3%
Q1 25
1.2%
7.1%
Q4 24
7.2%
1.6%
Q3 24
1.9%
0.9%
Q2 24
8.6%
1.7%
Q1 24
1.9%
1.2%
Cash Conversion
HNVR
HNVR
ISSC
ISSC
Q4 25
395.48×
2.01×
Q3 25
0.79×
0.42×
Q2 25
-0.84×
2.95×
Q1 25
2.70×
0.24×
Q4 24
1.39×
2.50×
Q3 24
-0.15×
0.14×
Q2 24
-3.68×
0.60×
Q1 24
0.89×
0.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNVR
HNVR

Segment breakdown not available.

ISSC
ISSC

Products$13.6M62%
Services$8.2M38%

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