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Side-by-side financial comparison of ISABELLA BANK CORP (ISBA) and Recon Technology, Ltd (RCON). Click either name above to swap in a different company.

ISABELLA BANK CORP is the larger business by last-quarter revenue ($21.2M vs $12.2M, roughly 1.7× Recon Technology, Ltd). ISABELLA BANK CORP runs the higher net margin — 22.2% vs -6.8%, a 29.0% gap on every dollar of revenue. On growth, Recon Technology, Ltd posted the faster year-over-year revenue change (111.0% vs 14.3%).

The Bank of the Philippine Islands is a universal bank in the Philippines. It is the oldest bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.

Recon Instruments Inc. was a Canadian technology company that produced smartglasses and wearable displays marketed by the company as "heads-up displays" for sports. Recon's products delivered live activity metrics, GPS maps, and notifications directly to the user's eye. Recon's first heads-up display offering was released commercially in October 2010, roughly a year and a half before Google introduced Google Glass.

ISBA vs RCON — Head-to-Head

Bigger by revenue
ISBA
ISBA
1.7× larger
ISBA
$21.2M
$12.2M
RCON
Growing faster (revenue YoY)
RCON
RCON
+96.7% gap
RCON
111.0%
14.3%
ISBA
Higher net margin
ISBA
ISBA
29.0% more per $
ISBA
22.2%
-6.8%
RCON

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
ISBA
ISBA
RCON
RCON
Revenue
$21.2M
$12.2M
Net Profit
$4.7M
$-832.7K
Gross Margin
33.5%
Operating Margin
32.2%
-14.6%
Net Margin
22.2%
-6.8%
Revenue YoY
14.3%
111.0%
Net Profit YoY
17.4%
70.5%
EPS (diluted)
$0.64
$-0.09

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
ISBA
ISBA
RCON
RCON
Q4 25
$21.2M
$12.2M
Q3 25
$20.5M
Q2 25
$18.8M
Q1 25
$18.1M
Q4 24
$18.5M
$5.8M
Q3 24
$18.0M
Q2 24
$17.2M
Q1 24
$16.7M
Net Profit
ISBA
ISBA
RCON
RCON
Q4 25
$4.7M
$-832.7K
Q3 25
$5.2M
Q2 25
$5.0M
Q1 25
$3.9M
Q4 24
$4.0M
$-2.8M
Q3 24
$3.3M
Q2 24
$3.5M
Q1 24
$3.1M
Gross Margin
ISBA
ISBA
RCON
RCON
Q4 25
33.5%
Q3 25
Q2 25
Q1 25
Q4 24
31.7%
Q3 24
Q2 24
Q1 24
Operating Margin
ISBA
ISBA
RCON
RCON
Q4 25
32.2%
-14.6%
Q3 25
30.7%
Q2 25
32.8%
Q1 25
26.9%
Q4 24
26.0%
-63.9%
Q3 24
21.3%
Q2 24
23.9%
Q1 24
21.8%
Net Margin
ISBA
ISBA
RCON
RCON
Q4 25
22.2%
-6.8%
Q3 25
25.6%
Q2 25
26.7%
Q1 25
21.9%
Q4 24
21.6%
-48.9%
Q3 24
18.2%
Q2 24
20.3%
Q1 24
18.7%
EPS (diluted)
ISBA
ISBA
RCON
RCON
Q4 25
$0.64
$-0.09
Q3 25
$0.71
Q2 25
$0.68
Q1 25
$0.53
Q4 24
$0.54
$-0.31
Q3 24
$0.44
Q2 24
$0.46
Q1 24
$0.42

Balance Sheet & Financial Strength

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

Metric
ISBA
ISBA
RCON
RCON
Cash + ST InvestmentsLiquidity on hand
$26.0M
$10.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$231.4M
$66.4M
Total Assets
$2.2B
$77.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ISBA
ISBA
RCON
RCON
Q4 25
$26.0M
$10.7M
Q3 25
$161.3M
Q2 25
$108.6M
Q1 25
$69.2M
Q4 24
$24.5M
$19.9M
Q3 24
$27.4M
Q2 24
$23.6M
Q1 24
$25.2M
Stockholders' Equity
ISBA
ISBA
RCON
RCON
Q4 25
$231.4M
$66.4M
Q3 25
$227.4M
Q2 25
$220.5M
Q1 25
$215.6M
Q4 24
$210.3M
$66.9M
Q3 24
$213.0M
Q2 24
$202.2M
Q1 24
$200.7M
Total Assets
ISBA
ISBA
RCON
RCON
Q4 25
$2.2B
$77.6M
Q3 25
$2.3B
Q2 25
$2.2B
Q1 25
$2.1B
Q4 24
$2.1B
$74.2M
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B

Cash Flow & Capital Efficiency

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

Metric
ISBA
ISBA
RCON
RCON
Operating Cash FlowLast quarter
$26.8M
$-1.9M
Free Cash FlowOCF − Capex
$23.3M
FCF MarginFCF / Revenue
110.2%
Capex IntensityCapex / Revenue
16.4%
Cash ConversionOCF / Net Profit
5.72×
TTM Free Cash FlowTrailing 4 quarters
$36.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ISBA
ISBA
RCON
RCON
Q4 25
$26.8M
$-1.9M
Q3 25
$2.7M
Q2 25
$7.8M
Q1 25
$4.7M
Q4 24
$19.6M
$-1.7M
Q3 24
$3.6M
Q2 24
$5.5M
Q1 24
$3.4M
Free Cash Flow
ISBA
ISBA
RCON
RCON
Q4 25
$23.3M
Q3 25
$1.7M
Q2 25
$7.2M
Q1 25
$3.7M
Q4 24
$17.5M
Q3 24
$3.2M
Q2 24
$5.1M
Q1 24
$2.6M
FCF Margin
ISBA
ISBA
RCON
RCON
Q4 25
110.2%
Q3 25
8.5%
Q2 25
38.5%
Q1 25
20.6%
Q4 24
94.6%
Q3 24
17.7%
Q2 24
29.8%
Q1 24
15.7%
Capex Intensity
ISBA
ISBA
RCON
RCON
Q4 25
16.4%
Q3 25
5.0%
Q2 25
3.2%
Q1 25
5.5%
Q4 24
11.4%
Q3 24
2.0%
Q2 24
2.4%
Q1 24
4.9%
Cash Conversion
ISBA
ISBA
RCON
RCON
Q4 25
5.72×
Q3 25
0.52×
Q2 25
1.56×
Q1 25
1.19×
Q4 24
4.91×
Q3 24
1.08×
Q2 24
1.59×
Q1 24
1.10×

Financial Flow Comparison

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

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