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Side-by-side financial comparison of Hanover Bancorp, Inc. (HNVR) and Spero Therapeutics, Inc. (SPRO). Click either name above to swap in a different company.

Hanover Bancorp, Inc. is the larger business by last-quarter revenue ($18.6M vs $12.6M, roughly 1.5× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 0.2%, a 250.5% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 3.3%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% 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.

HNVR vs SPRO — Head-to-Head

Bigger by revenue
HNVR
HNVR
1.5× larger
HNVR
$18.6M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24077.4% gap
SPRO
24080.8%
3.3%
HNVR
Higher net margin
SPRO
SPRO
250.5% more per $
SPRO
250.7%
0.2%
HNVR
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
6.1%
HNVR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HNVR
HNVR
SPRO
SPRO
Revenue
$18.6M
$12.6M
Net Profit
$33.0K
$31.5M
Gross Margin
Operating Margin
0.7%
Net Margin
0.2%
250.7%
Revenue YoY
3.3%
24080.8%
Net Profit YoY
-99.2%
250.9%
EPS (diluted)
$0.00
$0.56

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
SPRO
SPRO
Q4 25
$18.6M
$12.6M
Q3 25
$18.0M
$0
Q2 25
$18.4M
$0
Q1 25
$18.4M
$12.0K
Q4 24
$18.0M
$52.0K
Q3 24
$17.1M
$65.0K
Q2 24
$16.9M
$114.0K
Q1 24
$16.5M
$140.0K
Net Profit
HNVR
HNVR
SPRO
SPRO
Q4 25
$33.0K
$31.5M
Q3 25
$3.5M
$-7.4M
Q2 25
$2.4M
$-1.7M
Q1 25
$1.5M
$-13.9M
Q4 24
$3.9M
Q3 24
$3.5M
$-17.1M
Q2 24
$844.0K
$-17.9M
Q1 24
$4.1M
$-12.7M
Operating Margin
HNVR
HNVR
SPRO
SPRO
Q4 25
0.7%
Q3 25
25.9%
Q2 25
18.4%
Q1 25
9.6%
-122758.3%
Q4 24
28.9%
Q3 24
27.1%
-28604.6%
Q2 24
6.9%
-16720.2%
Q1 24
32.7%
-9987.1%
Net Margin
HNVR
HNVR
SPRO
SPRO
Q4 25
0.2%
250.7%
Q3 25
19.4%
Q2 25
13.3%
Q1 25
8.3%
-115550.0%
Q4 24
21.7%
Q3 24
20.7%
-26380.0%
Q2 24
5.0%
-15668.4%
Q1 24
24.6%
-9049.3%
EPS (diluted)
HNVR
HNVR
SPRO
SPRO
Q4 25
$0.00
$0.56
Q3 25
$0.47
$-0.13
Q2 25
$0.33
$-0.03
Q1 25
$0.20
$-0.25
Q4 24
$0.52
Q3 24
$0.48
$-0.32
Q2 24
$0.11
$-0.33
Q1 24
$0.55
$-0.24

Balance Sheet & Financial Strength

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

Metric
HNVR
HNVR
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$208.9M
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$200.3M
$59.0M
Total Assets
$2.4B
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNVR
HNVR
SPRO
SPRO
Q4 25
$208.9M
$40.3M
Q3 25
$167.6M
$48.6M
Q2 25
$164.5M
$31.2M
Q1 25
$160.2M
$48.9M
Q4 24
$162.9M
$52.9M
Q3 24
$141.2M
$76.3M
Q2 24
$141.1M
$63.5M
Q1 24
$136.5M
$82.3M
Stockholders' Equity
HNVR
HNVR
SPRO
SPRO
Q4 25
$200.3M
$59.0M
Q3 25
$201.8M
$26.5M
Q2 25
$198.9M
$32.8M
Q1 25
$196.6M
$33.8M
Q4 24
$196.6M
$46.1M
Q3 24
$192.3M
$65.5M
Q2 24
$190.1M
$80.5M
Q1 24
$189.5M
$96.2M
Total Assets
HNVR
HNVR
SPRO
SPRO
Q4 25
$2.4B
$68.9M
Q3 25
$2.3B
$54.2M
Q2 25
$2.3B
$62.1M
Q1 25
$2.3B
$77.7M
Q4 24
$2.3B
$110.5M
Q3 24
$2.3B
$135.2M
Q2 24
$2.3B
$149.9M
Q1 24
$2.3B
$167.7M

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
SPRO
SPRO
Operating Cash FlowLast quarter
$13.1M
$-8.4M
Free Cash FlowOCF − Capex
$12.2M
FCF MarginFCF / Revenue
65.5%
Capex IntensityCapex / Revenue
4.7%
Cash ConversionOCF / Net Profit
395.48×
-0.26×
TTM Free Cash FlowTrailing 4 quarters
$16.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNVR
HNVR
SPRO
SPRO
Q4 25
$13.1M
$-8.4M
Q3 25
$2.7M
$17.4M
Q2 25
$-2.1M
$-17.7M
Q1 25
$4.1M
$-4.0M
Q4 24
$5.4M
$-23.4M
Q3 24
$-547.0K
$12.8M
Q2 24
$-3.1M
$-18.7M
Q1 24
$3.6M
$5.9M
Free Cash Flow
HNVR
HNVR
SPRO
SPRO
Q4 25
$12.2M
Q3 25
$2.4M
Q2 25
$-2.2M
Q1 25
$3.9M
Q4 24
$4.1M
Q3 24
$-876.0K
Q2 24
$-4.5M
Q1 24
$3.3M
FCF Margin
HNVR
HNVR
SPRO
SPRO
Q4 25
65.5%
Q3 25
13.5%
Q2 25
-11.7%
Q1 25
21.2%
Q4 24
23.1%
Q3 24
-5.1%
Q2 24
-26.9%
Q1 24
19.9%
Capex Intensity
HNVR
HNVR
SPRO
SPRO
Q4 25
4.7%
Q3 25
1.8%
Q2 25
0.5%
Q1 25
1.2%
Q4 24
7.2%
Q3 24
1.9%
Q2 24
8.6%
Q1 24
1.9%
Cash Conversion
HNVR
HNVR
SPRO
SPRO
Q4 25
395.48×
-0.26×
Q3 25
0.79×
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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