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

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $18.6M, roughly 1.6× Hanover Bancorp, Inc.). Hanover Bancorp, Inc. runs the higher net margin — 0.2% vs -12.9%, a 13.1% gap on every dollar of revenue. On growth, Hanover Bancorp, Inc. posted the faster year-over-year revenue change (3.3% vs -9.5%). Hanover Bancorp, Inc. produced more free cash flow last quarter ($12.2M vs $-1.5M). Over the past eight quarters, Hanover Bancorp, Inc.'s revenue compounded faster (6.1% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

HNVR vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.6× larger
SYPR
$30.3M
$18.6M
HNVR
Growing faster (revenue YoY)
HNVR
HNVR
+12.8% gap
HNVR
3.3%
-9.5%
SYPR
Higher net margin
HNVR
HNVR
13.1% more per $
HNVR
0.2%
-12.9%
SYPR
More free cash flow
HNVR
HNVR
$13.7M more FCF
HNVR
$12.2M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
HNVR
HNVR
Annualised
HNVR
6.1%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HNVR
HNVR
SYPR
SYPR
Revenue
$18.6M
$30.3M
Net Profit
$33.0K
$-3.9M
Gross Margin
4.6%
Operating Margin
0.7%
-10.9%
Net Margin
0.2%
-12.9%
Revenue YoY
3.3%
-9.5%
Net Profit YoY
-99.2%
-2992.6%
EPS (diluted)
$0.00
$-0.17

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
SYPR
SYPR
Q4 25
$18.6M
$30.3M
Q3 25
$18.0M
$28.7M
Q2 25
$18.4M
$31.4M
Q1 25
$18.4M
$29.5M
Q4 24
$18.0M
$33.4M
Q3 24
$17.1M
$35.7M
Q2 24
$16.9M
$35.5M
Q1 24
$16.5M
$35.6M
Net Profit
HNVR
HNVR
SYPR
SYPR
Q4 25
$33.0K
$-3.9M
Q3 25
$3.5M
$517.0K
Q2 25
$2.4M
$-2.1M
Q1 25
$1.5M
$-899.0K
Q4 24
$3.9M
$135.0K
Q3 24
$3.5M
$390.0K
Q2 24
$844.0K
$16.0K
Q1 24
$4.1M
$-2.2M
Gross Margin
HNVR
HNVR
SYPR
SYPR
Q4 25
4.6%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
11.4%
Q4 24
16.1%
Q3 24
16.8%
Q2 24
15.9%
Q1 24
8.1%
Operating Margin
HNVR
HNVR
SYPR
SYPR
Q4 25
0.7%
-10.9%
Q3 25
25.9%
-6.1%
Q2 25
18.4%
-4.6%
Q1 25
9.6%
-0.4%
Q4 24
28.9%
3.9%
Q3 24
27.1%
4.8%
Q2 24
6.9%
3.6%
Q1 24
32.7%
-3.9%
Net Margin
HNVR
HNVR
SYPR
SYPR
Q4 25
0.2%
-12.9%
Q3 25
19.4%
1.8%
Q2 25
13.3%
-6.5%
Q1 25
8.3%
-3.0%
Q4 24
21.7%
0.4%
Q3 24
20.7%
1.1%
Q2 24
5.0%
0.0%
Q1 24
24.6%
-6.2%
EPS (diluted)
HNVR
HNVR
SYPR
SYPR
Q4 25
$0.00
$-0.17
Q3 25
$0.47
$0.02
Q2 25
$0.33
$-0.09
Q1 25
$0.20
$-0.04
Q4 24
$0.52
$0.00
Q3 24
$0.48
$0.02
Q2 24
$0.11
$0.00
Q1 24
$0.55
$-0.10

Balance Sheet & Financial Strength

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

Metric
HNVR
HNVR
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$208.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$200.3M
$17.8M
Total Assets
$2.4B
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HNVR
HNVR
SYPR
SYPR
Q4 25
$208.9M
Q3 25
$167.6M
Q2 25
$164.5M
Q1 25
$160.2M
Q4 24
$162.9M
Q3 24
$141.2M
Q2 24
$141.1M
Q1 24
$136.5M
Stockholders' Equity
HNVR
HNVR
SYPR
SYPR
Q4 25
$200.3M
$17.8M
Q3 25
$201.8M
$20.0M
Q2 25
$198.9M
$18.7M
Q1 25
$196.6M
$19.0M
Q4 24
$196.6M
$19.6M
Q3 24
$192.3M
$18.2M
Q2 24
$190.1M
$19.0M
Q1 24
$189.5M
$20.8M
Total Assets
HNVR
HNVR
SYPR
SYPR
Q4 25
$2.4B
$107.8M
Q3 25
$2.3B
$112.5M
Q2 25
$2.3B
$105.8M
Q1 25
$2.3B
$110.2M
Q4 24
$2.3B
$119.4M
Q3 24
$2.3B
$121.6M
Q2 24
$2.3B
$124.2M
Q1 24
$2.3B
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$13.1M
$-1.1M
Free Cash FlowOCF − Capex
$12.2M
$-1.5M
FCF MarginFCF / Revenue
65.5%
-5.0%
Capex IntensityCapex / Revenue
4.7%
1.3%
Cash ConversionOCF / Net Profit
395.48×
TTM Free Cash FlowTrailing 4 quarters
$16.3M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HNVR
HNVR
SYPR
SYPR
Q4 25
$13.1M
$-1.1M
Q3 25
$2.7M
$-178.0K
Q2 25
$-2.1M
$1.1M
Q1 25
$4.1M
$-5.5M
Q4 24
$5.4M
$2.3M
Q3 24
$-547.0K
$-4.8M
Q2 24
$-3.1M
$6.2M
Q1 24
$3.6M
$-1.7M
Free Cash Flow
HNVR
HNVR
SYPR
SYPR
Q4 25
$12.2M
$-1.5M
Q3 25
$2.4M
$-390.0K
Q2 25
$-2.2M
$941.0K
Q1 25
$3.9M
$-5.5M
Q4 24
$4.1M
$1.9M
Q3 24
$-876.0K
$-4.9M
Q2 24
$-4.5M
$6.0M
Q1 24
$3.3M
$-2.0M
FCF Margin
HNVR
HNVR
SYPR
SYPR
Q4 25
65.5%
-5.0%
Q3 25
13.5%
-1.4%
Q2 25
-11.7%
3.0%
Q1 25
21.2%
-18.8%
Q4 24
23.1%
5.7%
Q3 24
-5.1%
-13.8%
Q2 24
-26.9%
16.8%
Q1 24
19.9%
-5.7%
Capex Intensity
HNVR
HNVR
SYPR
SYPR
Q4 25
4.7%
1.3%
Q3 25
1.8%
0.7%
Q2 25
0.5%
0.5%
Q1 25
1.2%
0.0%
Q4 24
7.2%
1.2%
Q3 24
1.9%
0.4%
Q2 24
8.6%
0.5%
Q1 24
1.9%
0.9%
Cash Conversion
HNVR
HNVR
SYPR
SYPR
Q4 25
395.48×
Q3 25
0.79×
-0.34×
Q2 25
-0.84×
Q1 25
2.70×
Q4 24
1.39×
17.13×
Q3 24
-0.15×
-12.21×
Q2 24
-3.68×
385.25×
Q1 24
0.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

HNVR
HNVR

Segment breakdown not available.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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