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Side-by-side financial comparison of John Marshall Bancorp, Inc. (JMSB) and EVERSPIN TECHNOLOGIES INC. (MRAM). Click either name above to swap in a different company.

John Marshall Bancorp, Inc. is the larger business by last-quarter revenue ($16.8M vs $14.9M, roughly 1.1× EVERSPIN TECHNOLOGIES INC.). John Marshall Bancorp, Inc. runs the higher net margin — 36.3% vs -2.0%, a 38.3% gap on every dollar of revenue. Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 15.3%).

John Marshall Bancorp, Inc. is a U.S.-based bank holding company that operates through its wholly owned subsidiary John Marshall Bank. It provides a full suite of commercial and consumer banking products including deposit accounts, commercial loans, residential mortgages, and personal financial services, primarily serving retail customers and small-to-mid-sized businesses across the U.S. Mid-Atlantic region.

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.

JMSB vs MRAM — Head-to-Head

Bigger by revenue
JMSB
JMSB
1.1× larger
JMSB
$16.8M
$14.9M
MRAM
Higher net margin
JMSB
JMSB
38.3% more per $
JMSB
36.3%
-2.0%
MRAM
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
15.3%
JMSB

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
JMSB
JMSB
MRAM
MRAM
Revenue
$16.8M
$14.9M
Net Profit
$6.1M
$-296.0K
Gross Margin
52.7%
Operating Margin
29.0%
Net Margin
36.3%
-2.0%
Revenue YoY
13.2%
Net Profit YoY
26.8%
EPS (diluted)
$0.43
$-0.01

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
JMSB
JMSB
MRAM
MRAM
Q1 26
$16.8M
$14.9M
Q4 25
$16.4M
$14.8M
Q3 25
$16.3M
$14.1M
Q2 25
$15.4M
$13.2M
Q1 25
$14.6M
$13.1M
Q4 24
$14.3M
$13.2M
Q3 24
$13.8M
$12.1M
Q2 24
$12.6M
$10.6M
Net Profit
JMSB
JMSB
MRAM
MRAM
Q1 26
$6.1M
$-296.0K
Q4 25
$5.9M
$1.2M
Q3 25
$5.4M
$54.0K
Q2 25
$5.1M
$-670.0K
Q1 25
$4.8M
$-1.2M
Q4 24
$4.8M
$1.2M
Q3 24
$4.2M
$2.3M
Q2 24
$3.9M
$-2.5M
Gross Margin
JMSB
JMSB
MRAM
MRAM
Q1 26
52.7%
Q4 25
50.8%
Q3 25
51.3%
Q2 25
51.3%
Q1 25
51.4%
Q4 24
51.3%
Q3 24
49.2%
Q2 24
49.0%
Operating Margin
JMSB
JMSB
MRAM
MRAM
Q1 26
29.0%
Q4 25
47.4%
-7.2%
Q3 25
42.2%
-11.0%
Q2 25
42.7%
-14.9%
Q1 25
42.4%
-14.7%
Q4 24
42.5%
-11.8%
Q3 24
38.8%
-17.5%
Q2 24
39.7%
-26.5%
Net Margin
JMSB
JMSB
MRAM
MRAM
Q1 26
36.3%
-2.0%
Q4 25
36.2%
8.1%
Q3 25
33.2%
0.4%
Q2 25
33.1%
-5.1%
Q1 25
32.9%
-8.9%
Q4 24
33.3%
9.2%
Q3 24
30.7%
18.8%
Q2 24
30.9%
-23.5%
EPS (diluted)
JMSB
JMSB
MRAM
MRAM
Q1 26
$0.43
$-0.01
Q4 25
$0.41
$0.05
Q3 25
$0.38
$0.00
Q2 25
$0.36
$-0.03
Q1 25
$0.34
$-0.05
Q4 24
$0.33
$0.07
Q3 24
$0.30
$0.10
Q2 24
$0.27
$-0.12

Balance Sheet & Financial Strength

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

Metric
JMSB
JMSB
MRAM
MRAM
Cash + ST InvestmentsLiquidity on hand
$150.2M
$40.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$268.1M
$70.2M
Total Assets
$2.4B
$83.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JMSB
JMSB
MRAM
MRAM
Q1 26
$150.2M
$40.5M
Q4 25
$130.0M
$44.5M
Q3 25
$163.6M
$45.3M
Q2 25
$116.9M
$45.0M
Q1 25
$169.1M
$42.2M
Q4 24
$122.5M
$42.1M
Q3 24
$177.2M
$39.6M
Q2 24
$182.6M
$36.8M
Total Debt
JMSB
JMSB
MRAM
MRAM
Q1 26
Q4 25
$80.9M
Q3 25
$80.9M
Q2 25
$80.8M
Q1 25
$80.8M
Q4 24
$80.8M
Q3 24
$80.8M
Q2 24
$24.7M
Stockholders' Equity
JMSB
JMSB
MRAM
MRAM
Q1 26
$268.1M
$70.2M
Q4 25
$265.6M
$68.9M
Q3 25
$259.7M
$65.8M
Q2 25
$253.7M
$64.1M
Q1 25
$253.0M
$63.0M
Q4 24
$246.6M
$62.6M
Q3 24
$243.1M
$59.3M
Q2 24
$235.3M
$55.4M
Total Assets
JMSB
JMSB
MRAM
MRAM
Q1 26
$2.4B
$83.2M
Q4 25
$2.3B
$84.6M
Q3 25
$2.3B
$80.3M
Q2 25
$2.3B
$78.9M
Q1 25
$2.3B
$80.2M
Q4 24
$2.2B
$77.8M
Q3 24
$2.3B
$72.6M
Q2 24
$2.3B
$64.6M
Debt / Equity
JMSB
JMSB
MRAM
MRAM
Q1 26
Q4 25
0.30×
Q3 25
0.31×
Q2 25
0.32×
Q1 25
0.32×
Q4 24
0.33×
Q3 24
0.33×
Q2 24
0.11×

Cash Flow & Capital Efficiency

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

Metric
JMSB
JMSB
MRAM
MRAM
Operating Cash FlowLast quarter
$570.0K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JMSB
JMSB
MRAM
MRAM
Q1 26
$570.0K
Q4 25
$22.6M
$2.6M
Q3 25
$1.2M
$881.0K
Q2 25
$7.5M
$5.0M
Q1 25
$7.0M
$1.4M
Q4 24
$17.3M
$3.8M
Q3 24
$1.4M
$2.8M
Q2 24
$10.2M
$1.7M
Free Cash Flow
JMSB
JMSB
MRAM
MRAM
Q1 26
Q4 25
$22.0M
$-975.0K
Q3 25
$1.2M
$543.0K
Q2 25
$7.4M
$3.0M
Q1 25
$6.6M
$527.0K
Q4 24
$16.8M
$2.1M
Q3 24
$1.3M
$2.8M
Q2 24
$10.1M
$1.7M
FCF Margin
JMSB
JMSB
MRAM
MRAM
Q1 26
Q4 25
134.7%
-6.6%
Q3 25
7.3%
3.9%
Q2 25
47.8%
22.9%
Q1 25
45.3%
4.0%
Q4 24
116.9%
15.8%
Q3 24
9.5%
22.9%
Q2 24
80.1%
15.9%
Capex Intensity
JMSB
JMSB
MRAM
MRAM
Q1 26
Q4 25
3.4%
24.3%
Q3 25
0.2%
2.4%
Q2 25
1.0%
15.1%
Q1 25
2.3%
6.9%
Q4 24
3.4%
13.2%
Q3 24
0.8%
0.5%
Q2 24
0.4%
0.3%
Cash Conversion
JMSB
JMSB
MRAM
MRAM
Q1 26
Q4 25
3.82×
2.19×
Q3 25
0.23×
16.31×
Q2 25
1.48×
Q1 25
1.45×
Q4 24
3.61×
3.16×
Q3 24
0.33×
1.25×
Q2 24
2.60×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JMSB
JMSB

Net Interest Income$16.5M98%
Noninterest Income$284.0K2%

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

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