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Side-by-side financial comparison of KAMADA LTD (KMDA) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

MERCANTILE BANK CORP is the larger business by last-quarter revenue ($67.6M vs $47.0M, roughly 1.4× KAMADA LTD). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 11.3%, a 22.3% gap on every dollar of revenue. Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% CAGR vs 9.1%).

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

KMDA vs MBWM — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.4× larger
MBWM
$67.6M
$47.0M
KMDA
Higher net margin
MBWM
MBWM
22.3% more per $
MBWM
33.6%
11.3%
KMDA
Faster 2-yr revenue CAGR
KMDA
KMDA
Annualised
KMDA
12.0%
9.1%
MBWM

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
KMDA
KMDA
MBWM
MBWM
Revenue
$47.0M
$67.6M
Net Profit
$5.3M
$22.7M
Gross Margin
42.0%
Operating Margin
16.6%
Net Margin
11.3%
33.6%
Revenue YoY
12.6%
Net Profit YoY
37.1%
16.1%
EPS (diluted)
$0.09
$1.32

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
KMDA
KMDA
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$62.1M
Q3 25
$47.0M
$62.4M
Q2 25
$44.8M
$60.9M
Q1 25
$44.0M
$57.3M
Q4 24
$58.5M
Q3 24
$41.7M
$58.0M
Q2 24
$42.5M
$56.8M
Net Profit
KMDA
KMDA
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$22.8M
Q3 25
$5.3M
$23.8M
Q2 25
$7.4M
$22.6M
Q1 25
$4.0M
$19.5M
Q4 24
$19.6M
Q3 24
$3.9M
$19.6M
Q2 24
$4.4M
$18.8M
Gross Margin
KMDA
KMDA
MBWM
MBWM
Q1 26
Q4 25
Q3 25
42.0%
Q2 25
42.3%
Q1 25
47.1%
Q4 24
Q3 24
41.3%
Q2 24
44.6%
Operating Margin
KMDA
KMDA
MBWM
MBWM
Q1 26
Q4 25
42.0%
Q3 25
16.6%
44.0%
Q2 25
15.8%
42.6%
Q1 25
17.7%
42.0%
Q4 24
39.7%
Q3 24
12.7%
42.4%
Q2 24
13.3%
41.4%
Net Margin
KMDA
KMDA
MBWM
MBWM
Q1 26
33.6%
Q4 25
36.8%
Q3 25
11.3%
38.1%
Q2 25
16.5%
37.1%
Q1 25
9.0%
34.1%
Q4 24
33.5%
Q3 24
9.3%
33.8%
Q2 24
10.4%
33.1%
EPS (diluted)
KMDA
KMDA
MBWM
MBWM
Q1 26
$1.32
Q4 25
$1.41
Q3 25
$0.09
$1.46
Q2 25
$0.13
$1.39
Q1 25
$0.07
$1.21
Q4 24
$1.20
Q3 24
$0.07
$1.22
Q2 24
$0.08
$1.17

Balance Sheet & Financial Strength

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

Metric
KMDA
KMDA
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$72.0M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$265.2M
$736.9M
Total Assets
$377.2M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMDA
KMDA
MBWM
MBWM
Q1 26
Q4 25
Q3 25
$72.0M
Q2 25
$66.0M
Q1 25
$76.3M
Q4 24
Q3 24
$72.0M
Q2 24
$56.5M
Total Debt
KMDA
KMDA
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
KMDA
KMDA
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$724.9M
Q3 25
$265.2M
$657.6M
Q2 25
$260.0M
$631.5M
Q1 25
$252.0M
$608.3M
Q4 24
$584.5M
Q3 24
$255.3M
$583.3M
Q2 24
$251.2M
$551.2M
Total Assets
KMDA
KMDA
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$6.8B
Q3 25
$377.2M
$6.3B
Q2 25
$368.2M
$6.2B
Q1 25
$375.1M
$6.1B
Q4 24
$6.1B
Q3 24
$351.2M
$5.9B
Q2 24
$351.0M
$5.6B
Debt / Equity
KMDA
KMDA
MBWM
MBWM
Q1 26
0.00×
Q4 25
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
KMDA
KMDA
MBWM
MBWM
Operating Cash FlowLast quarter
$10.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMDA
KMDA
MBWM
MBWM
Q1 26
Q4 25
$18.0M
Q3 25
$10.4M
$23.1M
Q2 25
$8.0M
$-7.8M
Q1 25
$-513.0K
$-3.0M
Q4 24
$101.1M
Q3 24
$22.2M
$-8.1M
Q2 24
$14.0M
$9.1M
Cash Conversion
KMDA
KMDA
MBWM
MBWM
Q1 26
Q4 25
0.79×
Q3 25
1.97×
0.97×
Q2 25
1.09×
-0.35×
Q1 25
-0.13×
-0.15×
Q4 24
5.15×
Q3 24
5.75×
-0.41×
Q2 24
3.15×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KMDA
KMDA

Segment breakdown not available.

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

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