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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and Merchants Bancorp (MBIN). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $115.5M, roughly 1.5× INFINITY NATURAL RESOURCES, INC.). Merchants Bancorp runs the higher net margin — 38.6% vs 17.3%, a 21.3% gap on every dollar of revenue.
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
INR vs MBIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $115.5M | $175.2M |
| Net Profit | $20.0M | $67.7M |
| Gross Margin | — | — |
| Operating Margin | 47.0% | — |
| Net Margin | 17.3% | 38.6% |
| Revenue YoY | — | — |
| Net Profit YoY | — | 16.3% |
| EPS (diluted) | $1.33 | $1.25 |
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.
| Q1 26 | — | $175.2M | ||
| Q4 25 | $115.5M | $185.3M | ||
| Q3 25 | $78.3M | $171.1M | ||
| Q2 25 | $72.5M | $179.2M | ||
| Q1 25 | $84.2M | $145.9M | ||
| Q4 24 | — | $193.8M | ||
| Q3 24 | — | $149.6M | ||
| Q2 24 | — | $159.5M |
| Q1 26 | — | $67.7M | ||
| Q4 25 | $20.0M | — | ||
| Q3 25 | $10.4M | $54.7M | ||
| Q2 25 | $18.0M | $38.0M | ||
| Q1 25 | $-34.6M | $58.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $61.3M | ||
| Q2 24 | — | $76.4M |
| Q1 26 | — | — | ||
| Q4 25 | 47.0% | 39.9% | ||
| Q3 25 | 30.5% | 37.8% | ||
| Q2 25 | 29.9% | 27.3% | ||
| Q1 25 | -104.5% | 52.4% | ||
| Q4 24 | — | 66.0% | ||
| Q3 24 | — | 54.4% | ||
| Q2 24 | — | 62.2% |
| Q1 26 | — | 38.6% | ||
| Q4 25 | 17.3% | — | ||
| Q3 25 | 13.3% | 32.0% | ||
| Q2 25 | 24.8% | 21.2% | ||
| Q1 25 | -41.1% | 39.9% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 41.0% | ||
| Q2 24 | — | 47.9% |
| Q1 26 | — | $1.25 | ||
| Q4 25 | $1.33 | $1.28 | ||
| Q3 25 | $0.65 | $0.97 | ||
| Q2 25 | $1.18 | $0.60 | ||
| Q1 25 | $-2.27 | $0.93 | ||
| Q4 24 | — | $1.84 | ||
| Q3 24 | — | $1.17 | ||
| Q2 24 | — | $1.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.8M | $83.2M |
| Total DebtLower is stronger | $55.0K | $32.0M |
| Stockholders' EquityBook value | $307.1M | $2.3B |
| Total Assets | $1.2B | $20.3B |
| Debt / EquityLower = less leverage | 0.00× | 0.01× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $83.2M | ||
| Q4 25 | $2.8M | — | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $6.3M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $32.0M | ||
| Q4 25 | $55.0K | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $123.0K | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $2.3B | ||
| Q4 25 | $307.1M | $2.3B | ||
| Q3 25 | $288.6M | $2.2B | ||
| Q2 25 | $10.1M | $2.2B | ||
| Q1 25 | $-52.2M | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $1.9B | ||
| Q2 24 | — | $1.9B |
| Q1 26 | — | $20.3B | ||
| Q4 25 | $1.2B | $19.4B | ||
| Q3 25 | $1.1B | $19.4B | ||
| Q2 25 | $1.0B | $19.1B | ||
| Q1 25 | $953.9M | $18.8B | ||
| Q4 24 | — | $18.8B | ||
| Q3 24 | — | $18.7B | ||
| Q2 24 | — | $18.2B |
| Q1 26 | — | 0.01× | ||
| Q4 25 | 0.00× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $75.1M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.75× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $75.1M | $-341.2M | ||
| Q3 25 | $42.1M | $29.8M | ||
| Q2 25 | $70.4M | $-121.2M | ||
| Q1 25 | $74.2M | $148.0M | ||
| Q4 24 | — | $-835.3M | ||
| Q3 24 | — | $-492.6M | ||
| Q2 24 | — | $51.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-362.2M | ||
| Q3 25 | — | $24.0M | ||
| Q2 25 | — | $-125.7M | ||
| Q1 25 | — | $141.2M | ||
| Q4 24 | — | $-853.7M | ||
| Q3 24 | — | $-497.2M | ||
| Q2 24 | — | $45.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | -195.5% | ||
| Q3 25 | — | 14.0% | ||
| Q2 25 | — | -70.1% | ||
| Q1 25 | — | 96.8% | ||
| Q4 24 | — | -440.6% | ||
| Q3 24 | — | -332.4% | ||
| Q2 24 | — | 28.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.5% | ||
| Q1 25 | — | 4.7% | ||
| Q4 24 | — | 9.5% | ||
| Q3 24 | — | 3.0% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.75× | — | ||
| Q3 25 | 4.04× | 0.54× | ||
| Q2 25 | 3.91× | -3.19× | ||
| Q1 25 | — | 2.54× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | -8.04× | ||
| Q2 24 | — | 0.67× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
