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Side-by-side financial comparison of HeartCore Enterprises, Inc. (HTCR) and Marathon Bancorp, Inc. (MBBC). Click either name above to swap in a different company.
HeartCore Enterprises, Inc. is the larger business by last-quarter revenue ($3.0M vs $2.2M, roughly 1.3× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs 14.5%, a 7.8% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs -81.6%). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs -5.2%).
HeartCore Enterprises, Inc. is a global SaaS provider specializing in customer experience management, digital transformation solutions, and marketing technology tools. It operates mainly in Japan, Asia-Pacific, and North America, serving small-to-medium businesses and large enterprises with content management systems, marketing automation platforms, and CRM solutions.
Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.
HTCR vs MBBC — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $3.0M | $2.2M |
| Net Profit | $434.1K | $501.4K |
| Gross Margin | 49.1% | — |
| Operating Margin | -0.4% | 26.2% |
| Net Margin | 14.5% | 22.3% |
| Revenue YoY | -81.6% | 41.7% |
| Net Profit YoY | -96.1% | 880.7% |
| EPS (diluted) | $0.02 | $0.19 |
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.
| Q4 25 | — | $2.2M | ||
| Q3 25 | $3.0M | $2.1M | ||
| Q2 25 | $4.7M | $1.9M | ||
| Q1 25 | $3.6M | $1.7M | ||
| Q4 24 | $-2.7M | $1.6M | ||
| Q3 24 | $16.2M | $1.6M | ||
| Q2 24 | $4.1M | $1.6M | ||
| Q1 24 | $5.0M | $1.6M |
| Q4 25 | — | $501.4K | ||
| Q3 25 | $434.1K | $444.3K | ||
| Q2 25 | $1.1M | $-332.0K | ||
| Q1 25 | $-3.1M | $148.4K | ||
| Q4 24 | $-9.3M | $51.1K | ||
| Q3 24 | $11.1M | $174.9K | ||
| Q2 24 | $-2.0M | $85.8K | ||
| Q1 24 | $-1.3M | $-631.1K |
| Q4 25 | — | — | ||
| Q3 25 | 49.1% | — | ||
| Q2 25 | 46.7% | — | ||
| Q1 25 | 30.7% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 86.3% | — | ||
| Q2 24 | 19.8% | — | ||
| Q1 24 | 40.3% | — |
| Q4 25 | — | 26.2% | ||
| Q3 25 | -0.4% | 25.5% | ||
| Q2 25 | 2.3% | -25.7% | ||
| Q1 25 | -34.7% | 11.6% | ||
| Q4 24 | 386.5% | 3.3% | ||
| Q3 24 | 76.0% | 13.4% | ||
| Q2 24 | -37.1% | 4.1% | ||
| Q1 24 | -13.5% | -53.7% |
| Q4 25 | — | 22.3% | ||
| Q3 25 | 14.5% | 20.7% | ||
| Q2 25 | 23.2% | -18.9% | ||
| Q1 25 | -86.1% | 8.9% | ||
| Q4 24 | 346.8% | 3.2% | ||
| Q3 24 | 68.1% | 10.8% | ||
| Q2 24 | -48.0% | 6.2% | ||
| Q1 24 | -26.4% | -40.7% |
| Q4 25 | — | $0.19 | ||
| Q3 25 | $0.02 | $0.17 | ||
| Q2 25 | $0.04 | $-0.13 | ||
| Q1 25 | $-0.14 | $0.07 | ||
| Q4 24 | $-0.45 | $0.02 | ||
| Q3 24 | $0.53 | $0.06 | ||
| Q2 24 | $-0.09 | $0.07 | ||
| Q1 24 | $-0.06 | $-0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.4M | — |
| Total DebtLower is stronger | $510.9K | — |
| Stockholders' EquityBook value | $5.2M | $46.9M |
| Total Assets | $13.3M | $248.0M |
| Debt / EquityLower = less leverage | 0.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $4.4M | — | ||
| Q2 25 | $2.5M | — | ||
| Q1 25 | $2.3M | — | ||
| Q4 24 | $6.5M | — | ||
| Q3 24 | $8.6M | — | ||
| Q2 24 | $4.2M | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | — | — | ||
| Q3 25 | $510.9K | — | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $1.5M | — | ||
| Q4 24 | $545.1K | — | ||
| Q3 24 | $1.9M | — | ||
| Q2 24 | $1.9M | — | ||
| Q1 24 | $2.0M | — |
| Q4 25 | — | $46.9M | ||
| Q3 25 | $5.2M | $46.3M | ||
| Q2 25 | $4.8M | $45.7M | ||
| Q1 25 | $1.8M | $32.0M | ||
| Q4 24 | $4.7M | $31.7M | ||
| Q3 24 | $12.4M | $31.6M | ||
| Q2 24 | $1.6M | $31.3M | ||
| Q1 24 | $3.9M | $31.4M |
| Q4 25 | — | $248.0M | ||
| Q3 25 | $13.3M | $246.0M | ||
| Q2 25 | $13.5M | $238.8M | ||
| Q1 25 | $10.2M | $236.8M | ||
| Q4 24 | $14.0M | $217.9M | ||
| Q3 24 | $25.5M | $216.5M | ||
| Q2 24 | $24.1M | $219.3M | ||
| Q1 24 | $22.3M | $225.8M |
| Q4 25 | — | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 0.31× | — | ||
| Q1 25 | 0.84× | — | ||
| Q4 24 | 0.12× | — | ||
| Q3 24 | 0.15× | — | ||
| Q2 24 | 1.20× | — | ||
| Q1 24 | 0.50× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $1.4M |
| Free Cash FlowOCF − Capex | — | $1.4M |
| FCF MarginFCF / Revenue | — | 62.3% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | — | 2.82× |
| TTM Free Cash FlowTrailing 4 quarters | — | $3.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.4M | ||
| Q3 25 | — | $464.0K | ||
| Q2 25 | $-674.1K | $1.4M | ||
| Q1 25 | $-2.0M | $849.0K | ||
| Q4 24 | $-1.3M | $113.6K | ||
| Q3 24 | $-1.8M | $945.2K | ||
| Q2 24 | $-837.1K | $416.6K | ||
| Q1 24 | $-898.6K | $-802.1K |
| Q4 25 | — | $1.4M | ||
| Q3 25 | — | $456.6K | ||
| Q2 25 | — | $1.3M | ||
| Q1 25 | — | $773.2K | ||
| Q4 24 | — | $105.0K | ||
| Q3 24 | — | $921.6K | ||
| Q2 24 | — | $-1.8M | ||
| Q1 24 | — | $-1.1M |
| Q4 25 | — | 62.3% | ||
| Q3 25 | — | 21.3% | ||
| Q2 25 | — | 66.0% | ||
| Q1 25 | — | 46.3% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | — | 57.1% | ||
| Q2 24 | — | -118.5% | ||
| Q1 24 | — | -67.9% |
| Q4 25 | — | 0.6% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 9.3% | ||
| Q1 25 | — | 4.5% | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | 0.0% | 1.5% | ||
| Q2 24 | — | 145.2% | ||
| Q1 24 | — | 16.2% |
| Q4 25 | — | 2.82× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | -0.61× | — | ||
| Q1 25 | — | 5.72× | ||
| Q4 24 | — | 2.22× | ||
| Q3 24 | -0.16× | 5.40× | ||
| Q2 24 | — | 4.85× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTCR
| Customised Software Development And Services | $1.7M | 58% |
| Software Related Cost Of Revenues | $1.4M | 46% |
MBBC
Segment breakdown not available.
