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Side-by-side financial comparison of Hanover Bancorp, Inc. (HNVR) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

Hanover Bancorp, Inc. is the larger business by last-quarter revenue ($18.6M vs $13.4M, roughly 1.4× Outdoor Holding Co). Outdoor Holding Co runs the higher net margin — 16.7% vs 0.2%, a 16.5% gap on every dollar of revenue. On growth, Hanover Bancorp, Inc. posted the faster year-over-year revenue change (3.3% vs -54.1%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M vs $5.0M).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

HNVR vs POWW — Head-to-Head

Bigger by revenue
HNVR
HNVR
1.4× larger
HNVR
$18.6M
$13.4M
POWW
Growing faster (revenue YoY)
HNVR
HNVR
+57.4% gap
HNVR
3.3%
-54.1%
POWW
Higher net margin
POWW
POWW
16.5% more per $
POWW
16.7%
0.2%
HNVR
More free cash flow
HNVR
HNVR
$7.1M more FCF
HNVR
$12.2M
$5.0M
POWW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
HNVR
HNVR
POWW
POWW
Revenue
$18.6M
$13.4M
Net Profit
$33.0K
$2.2M
Gross Margin
87.1%
Operating Margin
0.7%
14.7%
Net Margin
0.2%
16.7%
Revenue YoY
3.3%
-54.1%
Net Profit YoY
-99.2%
108.5%
EPS (diluted)
$0.00
$0.01

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
POWW
POWW
Q4 25
$18.6M
$13.4M
Q3 25
$18.0M
$12.0M
Q2 25
$18.4M
$11.9M
Q1 25
$18.4M
$12.6M
Q4 24
$18.0M
$12.5M
Q3 24
$17.1M
$12.0M
Q2 24
$16.9M
$12.3M
Q1 24
$16.5M
$-50.7M
Net Profit
HNVR
HNVR
POWW
POWW
Q4 25
$33.0K
$2.2M
Q3 25
$3.5M
$1.4M
Q2 25
$2.4M
$-6.5M
Q1 25
$1.5M
$-77.5M
Q4 24
$3.9M
$-26.1M
Q3 24
$3.5M
$-12.4M
Q2 24
$844.0K
$-14.8M
Q1 24
$4.1M
$-5.2M
Gross Margin
HNVR
HNVR
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
HNVR
HNVR
POWW
POWW
Q4 25
0.7%
14.7%
Q3 25
25.9%
5.9%
Q2 25
18.4%
-50.7%
Q1 25
9.6%
-213.6%
Q4 24
28.9%
-163.8%
Q3 24
27.1%
-50.3%
Q2 24
6.9%
-50.8%
Q1 24
32.7%
Net Margin
HNVR
HNVR
POWW
POWW
Q4 25
0.2%
16.7%
Q3 25
19.4%
11.7%
Q2 25
13.3%
-54.5%
Q1 25
8.3%
-614.5%
Q4 24
21.7%
-208.7%
Q3 24
20.7%
-103.7%
Q2 24
5.0%
-120.2%
Q1 24
24.6%
10.3%
EPS (diluted)
HNVR
HNVR
POWW
POWW
Q4 25
$0.00
$0.01
Q3 25
$0.47
$0.01
Q2 25
$0.33
$-0.06
Q1 25
$0.20
$-0.67
Q4 24
$0.52
$-0.23
Q3 24
$0.48
$-0.11
Q2 24
$0.11
$-0.13
Q1 24
$0.55
$-0.05

Balance Sheet & Financial Strength

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

Metric
HNVR
HNVR
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$208.9M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$200.3M
$237.3M
Total Assets
$2.4B
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNVR
HNVR
POWW
POWW
Q4 25
$208.9M
$69.9M
Q3 25
$167.6M
$65.7M
Q2 25
$164.5M
$63.4M
Q1 25
$160.2M
$30.2M
Q4 24
$162.9M
$31.9M
Q3 24
$141.2M
$33.5M
Q2 24
$141.1M
$50.8M
Q1 24
$136.5M
$55.6M
Stockholders' Equity
HNVR
HNVR
POWW
POWW
Q4 25
$200.3M
$237.3M
Q3 25
$201.8M
$235.4M
Q2 25
$198.9M
$222.5M
Q1 25
$196.6M
$222.0M
Q4 24
$196.6M
$299.6M
Q3 24
$192.3M
$325.6M
Q2 24
$190.1M
$342.5M
Q1 24
$189.5M
$358.0M
Total Assets
HNVR
HNVR
POWW
POWW
Q4 25
$2.4B
$271.7M
Q3 25
$2.3B
$270.3M
Q2 25
$2.3B
$269.5M
Q1 25
$2.3B
$297.3M
Q4 24
$2.3B
$355.4M
Q3 24
$2.3B
$368.9M
Q2 24
$2.3B
$398.6M
Q1 24
$2.3B
$403.0M

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
POWW
POWW
Operating Cash FlowLast quarter
$13.1M
$5.7M
Free Cash FlowOCF − Capex
$12.2M
$5.0M
FCF MarginFCF / Revenue
65.5%
37.6%
Capex IntensityCapex / Revenue
4.7%
4.8%
Cash ConversionOCF / Net Profit
395.48×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$16.3M
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNVR
HNVR
POWW
POWW
Q4 25
$13.1M
$5.7M
Q3 25
$2.7M
$3.2M
Q2 25
$-2.1M
$-6.7M
Q1 25
$4.1M
$-1.5M
Q4 24
$5.4M
$1.3M
Q3 24
$-547.0K
$-9.3M
Q2 24
$-3.1M
$-547.5K
Q1 24
$3.6M
$4.3M
Free Cash Flow
HNVR
HNVR
POWW
POWW
Q4 25
$12.2M
$5.0M
Q3 25
$2.4M
$2.5M
Q2 25
$-2.2M
$-7.6M
Q1 25
$3.9M
$-2.3M
Q4 24
$4.1M
$720.3K
Q3 24
$-876.0K
$-10.6M
Q2 24
$-4.5M
$-1.3M
Q1 24
$3.3M
$1.4M
FCF Margin
HNVR
HNVR
POWW
POWW
Q4 25
65.5%
37.6%
Q3 25
13.5%
21.0%
Q2 25
-11.7%
-63.8%
Q1 25
21.2%
-18.6%
Q4 24
23.1%
5.8%
Q3 24
-5.1%
-88.3%
Q2 24
-26.9%
-11.0%
Q1 24
19.9%
-2.8%
Capex Intensity
HNVR
HNVR
POWW
POWW
Q4 25
4.7%
4.8%
Q3 25
1.8%
5.8%
Q2 25
0.5%
7.5%
Q1 25
1.2%
6.5%
Q4 24
7.2%
4.4%
Q3 24
1.9%
10.4%
Q2 24
8.6%
6.5%
Q1 24
1.9%
-5.7%
Cash Conversion
HNVR
HNVR
POWW
POWW
Q4 25
395.48×
2.55×
Q3 25
0.79×
2.29×
Q2 25
-0.84×
Q1 25
2.70×
Q4 24
1.39×
Q3 24
-0.15×
Q2 24
-3.68×
Q1 24
0.89×

Financial Flow Comparison

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

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