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Side-by-side financial comparison of IF Bancorp, Inc. (IROQ) and M-tron Industries, Inc. (MPTI). Click either name above to swap in a different company.

M-tron Industries, Inc. is the larger business by last-quarter revenue ($14.2M vs $7.3M, roughly 1.9× IF Bancorp, Inc.). M-tron Industries, Inc. runs the higher net margin — 24.1% vs 18.1%, a 5.9% gap on every dollar of revenue. On growth, IF Bancorp, Inc. posted the faster year-over-year revenue change (16.8% vs 11.2%). M-tron Industries, Inc. produced more free cash flow last quarter ($2.3M vs $1.7M). Over the past eight quarters, IF Bancorp, Inc.'s revenue compounded faster (16.5% CAGR vs 12.8%).

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

M-tron Industries, Inc. designs, manufactures and markets high-performance frequency control and timing solutions including crystal oscillators, filters and integrated timing assemblies. Its products serve aerospace, defense, telecom, industrial automation and medical device segments, catering mainly to North American, European and Asian commercial and government clients.

IROQ vs MPTI — Head-to-Head

Bigger by revenue
MPTI
MPTI
1.9× larger
MPTI
$14.2M
$7.3M
IROQ
Growing faster (revenue YoY)
IROQ
IROQ
+5.7% gap
IROQ
16.8%
11.2%
MPTI
Higher net margin
MPTI
MPTI
5.9% more per $
MPTI
24.1%
18.1%
IROQ
More free cash flow
MPTI
MPTI
$599.0K more FCF
MPTI
$2.3M
$1.7M
IROQ
Faster 2-yr revenue CAGR
IROQ
IROQ
Annualised
IROQ
16.5%
12.8%
MPTI

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
IROQ
IROQ
MPTI
MPTI
Revenue
$7.3M
$14.2M
Net Profit
$1.3M
$3.4M
Gross Margin
Operating Margin
24.9%
27.3%
Net Margin
18.1%
24.1%
Revenue YoY
16.8%
11.2%
Net Profit YoY
8.9%
60.1%
EPS (diluted)
$0.41
$0.90

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
IROQ
IROQ
MPTI
MPTI
Q4 25
$7.3M
$14.2M
Q3 25
$7.3M
$14.2M
Q2 25
$6.9M
$13.3M
Q1 25
$6.4M
$12.7M
Q4 24
$6.3M
$12.8M
Q3 24
$6.2M
$13.2M
Q2 24
$5.7M
$11.8M
Q1 24
$5.4M
$11.2M
Net Profit
IROQ
IROQ
MPTI
MPTI
Q4 25
$1.3M
$3.4M
Q3 25
$1.4M
$1.8M
Q2 25
$1.4M
$1.6M
Q1 25
$1.0M
$1.6M
Q4 24
$1.2M
$2.1M
Q3 24
$633.0K
$2.3M
Q2 24
$431.0K
$1.7M
Q1 24
$708.0K
$1.5M
Operating Margin
IROQ
IROQ
MPTI
MPTI
Q4 25
24.9%
27.3%
Q3 25
26.0%
18.0%
Q2 25
29.1%
13.9%
Q1 25
21.7%
15.8%
Q4 24
26.8%
20.1%
Q3 24
13.7%
22.1%
Q2 24
9.3%
17.8%
Q1 24
17.6%
16.0%
Net Margin
IROQ
IROQ
MPTI
MPTI
Q4 25
18.1%
24.1%
Q3 25
19.0%
12.9%
Q2 25
21.0%
11.7%
Q1 25
15.8%
12.8%
Q4 24
19.4%
16.7%
Q3 24
10.2%
17.2%
Q2 24
7.6%
14.8%
Q1 24
13.1%
13.3%
EPS (diluted)
IROQ
IROQ
MPTI
MPTI
Q4 25
$0.41
$0.90
Q3 25
$0.43
$0.63
Q2 25
$0.48
$0.53
Q1 25
$0.31
$0.56
Q4 24
$0.38
$0.68
Q3 24
$0.20
$0.81
Q2 24
$0.15
$0.63
Q1 24
$0.22
$0.53

Balance Sheet & Financial Strength

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

Metric
IROQ
IROQ
MPTI
MPTI
Cash + ST InvestmentsLiquidity on hand
$8.8M
$20.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$87.4M
$63.2M
Total Assets
$830.4M
$68.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IROQ
IROQ
MPTI
MPTI
Q4 25
$8.8M
$20.9M
Q3 25
$8.0M
$18.3M
Q2 25
$20.1M
$15.5M
Q1 25
$8.9M
$13.7M
Q4 24
$5.9M
$12.6M
Q3 24
$7.8M
$8.5M
Q2 24
$9.6M
$6.5M
Q1 24
$16.1M
$5.4M
Stockholders' Equity
IROQ
IROQ
MPTI
MPTI
Q4 25
$87.4M
$63.2M
Q3 25
$84.5M
$37.0M
Q2 25
$81.8M
$34.8M
Q1 25
$78.9M
$33.2M
Q4 24
$75.9M
$31.3M
Q3 24
$78.8M
$26.2M
Q2 24
$73.9M
$23.7M
Q1 24
$72.4M
$21.7M
Total Assets
IROQ
IROQ
MPTI
MPTI
Q4 25
$830.4M
$68.4M
Q3 25
$862.3M
$42.2M
Q2 25
$887.7M
$39.7M
Q1 25
$879.1M
$37.8M
Q4 24
$885.1M
$36.6M
Q3 24
$893.4M
$31.5M
Q2 24
$887.7M
$28.4M
Q1 24
$905.0M
$26.8M

Cash Flow & Capital Efficiency

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

Metric
IROQ
IROQ
MPTI
MPTI
Operating Cash FlowLast quarter
$1.8M
$2.7M
Free Cash FlowOCF − Capex
$1.7M
$2.3M
FCF MarginFCF / Revenue
23.7%
16.4%
Capex IntensityCapex / Revenue
0.9%
2.4%
Cash ConversionOCF / Net Profit
1.36×
0.78×
TTM Free Cash FlowTrailing 4 quarters
$9.5M
$8.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IROQ
IROQ
MPTI
MPTI
Q4 25
$1.8M
$2.7M
Q3 25
$-539.0K
$3.5M
Q2 25
$6.8M
$2.9M
Q1 25
$1.8M
$1.6M
Q4 24
$-155.0K
$1.8M
Q3 24
$2.2M
$2.3M
Q2 24
$2.3M
$2.0M
Q1 24
$19.0K
$1.5M
Free Cash Flow
IROQ
IROQ
MPTI
MPTI
Q4 25
$1.7M
$2.3M
Q3 25
$-582.0K
$2.7M
Q2 25
$6.5M
$2.0M
Q1 25
$1.8M
$1.0M
Q4 24
$-226.0K
$1.4M
Q3 24
$2.1M
$1.8M
Q2 24
$2.0M
$1.1M
Q1 24
$-67.0K
$1.4M
FCF Margin
IROQ
IROQ
MPTI
MPTI
Q4 25
23.7%
16.4%
Q3 25
-7.9%
19.1%
Q2 25
95.1%
15.4%
Q1 25
28.2%
8.0%
Q4 24
-3.6%
10.8%
Q3 24
33.6%
13.4%
Q2 24
35.7%
9.2%
Q1 24
-1.2%
12.3%
Capex Intensity
IROQ
IROQ
MPTI
MPTI
Q4 25
0.9%
2.4%
Q3 25
0.6%
5.7%
Q2 25
3.5%
6.1%
Q1 25
0.4%
4.6%
Q4 24
1.1%
3.3%
Q3 24
1.2%
3.6%
Q2 24
4.3%
7.4%
Q1 24
1.6%
1.1%
Cash Conversion
IROQ
IROQ
MPTI
MPTI
Q4 25
1.36×
0.78×
Q3 25
-0.39×
1.92×
Q2 25
4.69×
1.83×
Q1 25
1.81×
0.99×
Q4 24
-0.13×
0.85×
Q3 24
3.42×
0.99×
Q2 24
5.30×
1.12×
Q1 24
0.03×
1.01×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IROQ
IROQ

Segment breakdown not available.

MPTI
MPTI

US$11.3M79%
Non Us$2.9M21%

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