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Side-by-side financial comparison of Heartflow, Inc. (HTFL) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $46.3M, roughly 1.3× Heartflow, Inc.). MID PENN BANCORP INC runs the higher net margin — 31.4% vs -109.9%, a 141.2% gap on every dollar of revenue. MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-4.2M).

HeartFlow, Inc. develops non-invasive cardiovascular diagnostic solutions for global healthcare providers. Its core product uses CT scan data to build 3D coronary artery models, assess blood flow to detect blockages, and support clinicians in making personalized heart disease treatment decisions without invasive procedures.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

HTFL vs MPB — Head-to-Head

Bigger by revenue
MPB
MPB
1.3× larger
MPB
$62.0M
$46.3M
HTFL
Higher net margin
MPB
MPB
141.2% more per $
MPB
31.4%
-109.9%
HTFL
More free cash flow
MPB
MPB
$76.0M more FCF
MPB
$71.8M
$-4.2M
HTFL

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
HTFL
HTFL
MPB
MPB
Revenue
$46.3M
$62.0M
Net Profit
$-50.9M
$19.4M
Gross Margin
76.5%
Operating Margin
-32.6%
43.6%
Net Margin
-109.9%
31.4%
Revenue YoY
30.8%
Net Profit YoY
47.0%
EPS (diluted)
$-1.04
$0.83

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
HTFL
HTFL
MPB
MPB
Q4 25
$62.0M
Q3 25
$46.3M
$61.8M
Q2 25
$43.4M
$54.3M
Q1 25
$47.7M
Q4 24
$47.4M
Q3 24
$45.3M
Q2 24
$44.1M
Q1 24
$42.3M
Net Profit
HTFL
HTFL
MPB
MPB
Q4 25
$19.4M
Q3 25
$-50.9M
$18.3M
Q2 25
$-9.2M
$4.8M
Q1 25
$13.7M
Q4 24
$13.2M
Q3 24
$12.3M
Q2 24
$11.8M
Q1 24
$12.1M
Gross Margin
HTFL
HTFL
MPB
MPB
Q4 25
Q3 25
76.5%
Q2 25
75.5%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
HTFL
HTFL
MPB
MPB
Q4 25
43.6%
Q3 25
-32.6%
39.3%
Q2 25
-31.6%
7.9%
Q1 25
35.2%
Q4 24
34.1%
Q3 24
32.8%
Q2 24
32.4%
Q1 24
34.8%
Net Margin
HTFL
HTFL
MPB
MPB
Q4 25
31.4%
Q3 25
-109.9%
29.6%
Q2 25
-21.2%
8.8%
Q1 25
28.8%
Q4 24
27.9%
Q3 24
27.1%
Q2 24
26.7%
Q1 24
28.7%
EPS (diluted)
HTFL
HTFL
MPB
MPB
Q4 25
$0.83
Q3 25
$-1.04
$0.79
Q2 25
$-1.46
$0.22
Q1 25
$0.71
Q4 24
$0.72
Q3 24
$0.74
Q2 24
$0.71
Q1 24
$0.73

Balance Sheet & Financial Strength

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

Metric
HTFL
HTFL
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$291.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.6M
$814.1M
Total Assets
$364.4M
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTFL
HTFL
MPB
MPB
Q4 25
Q3 25
$291.2M
Q2 25
$80.2M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HTFL
HTFL
MPB
MPB
Q4 25
$814.1M
Q3 25
$254.6M
$796.3M
Q2 25
$-894.8M
$775.7M
Q1 25
$667.9M
Q4 24
$655.0M
Q3 24
$573.1M
Q2 24
$559.7M
Q1 24
$551.0M
Total Assets
HTFL
HTFL
MPB
MPB
Q4 25
$6.1B
Q3 25
$364.4M
$6.3B
Q2 25
$159.4M
$6.4B
Q1 25
$5.5B
Q4 24
$5.5B
Q3 24
$5.5B
Q2 24
$5.4B
Q1 24
$5.3B

Cash Flow & Capital Efficiency

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

Metric
HTFL
HTFL
MPB
MPB
Operating Cash FlowLast quarter
$-3.0M
$80.0M
Free Cash FlowOCF − Capex
$-4.2M
$71.8M
FCF MarginFCF / Revenue
-9.1%
115.8%
Capex IntensityCapex / Revenue
2.7%
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTFL
HTFL
MPB
MPB
Q4 25
$80.0M
Q3 25
$-3.0M
$26.3M
Q2 25
$-40.5M
$29.0M
Q1 25
$11.5M
Q4 24
$51.4M
Q3 24
$16.9M
Q2 24
$18.0M
Q1 24
$12.4M
Free Cash Flow
HTFL
HTFL
MPB
MPB
Q4 25
$71.8M
Q3 25
$-4.2M
$24.3M
Q2 25
$-42.4M
$27.2M
Q1 25
$8.8M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
HTFL
HTFL
MPB
MPB
Q4 25
115.8%
Q3 25
-9.1%
39.4%
Q2 25
-97.6%
50.1%
Q1 25
18.4%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
HTFL
HTFL
MPB
MPB
Q4 25
13.3%
Q3 25
2.7%
3.1%
Q2 25
4.4%
3.2%
Q1 25
5.7%
Q4 24
14.6%
Q3 24
0.0%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
HTFL
HTFL
MPB
MPB
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

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