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Side-by-side financial comparison of KURA SUSHI USA, INC. (KRUS) and MERCANTILE BANK CORP (MBWM). Click either name above to swap in a different company.

KURA SUSHI USA, INC. is the larger business by last-quarter revenue ($73.5M vs $67.6M, roughly 1.1× MERCANTILE BANK CORP). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs -4.2%, a 37.7% gap on every dollar of revenue. Over the past eight quarters, KURA SUSHI USA, INC.'s revenue compounded faster (13.2% CAGR vs 9.1%).

Kura Sushi, Inc. is a Japanese conveyor belt sushi restaurant chain. It is the second largest sushi restaurant chain in Japan, behind Sushiro and ahead of Hama Sushi. Its headquarters are in Sakai, Osaka Prefecture. It has 543 locations in Japan, 56 in Taiwan, and 69 in the United States.

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 ...

KRUS vs MBWM — Head-to-Head

Bigger by revenue
KRUS
KRUS
1.1× larger
KRUS
$73.5M
$67.6M
MBWM
Higher net margin
MBWM
MBWM
37.7% more per $
MBWM
33.6%
-4.2%
KRUS
Faster 2-yr revenue CAGR
KRUS
KRUS
Annualised
KRUS
13.2%
9.1%
MBWM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
KRUS
KRUS
MBWM
MBWM
Revenue
$73.5M
$67.6M
Net Profit
$-3.1M
$22.7M
Gross Margin
Operating Margin
-5.0%
Net Margin
-4.2%
33.6%
Revenue YoY
14.0%
Net Profit YoY
-218.4%
16.1%
EPS (diluted)
$-0.25
$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
KRUS
KRUS
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$73.5M
$62.1M
Q3 25
$79.4M
$62.4M
Q2 25
$74.0M
$60.9M
Q1 25
$64.9M
$57.3M
Q4 24
$64.5M
$58.5M
Q3 24
$66.0M
$58.0M
Q2 24
$63.1M
$56.8M
Net Profit
KRUS
KRUS
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$-3.1M
$22.8M
Q3 25
$2.3M
$23.8M
Q2 25
$565.0K
$22.6M
Q1 25
$-3.8M
$19.5M
Q4 24
$-961.0K
$19.6M
Q3 24
$-5.2M
$19.6M
Q2 24
$-558.0K
$18.8M
Operating Margin
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
-5.0%
42.0%
Q3 25
1.8%
44.0%
Q2 25
-0.2%
42.6%
Q1 25
-7.1%
42.0%
Q4 24
-2.3%
39.7%
Q3 24
-8.8%
42.4%
Q2 24
-1.9%
41.4%
Net Margin
KRUS
KRUS
MBWM
MBWM
Q1 26
33.6%
Q4 25
-4.2%
36.8%
Q3 25
2.9%
38.1%
Q2 25
0.8%
37.1%
Q1 25
-5.8%
34.1%
Q4 24
-1.5%
33.5%
Q3 24
-7.9%
33.8%
Q2 24
-0.9%
33.1%
EPS (diluted)
KRUS
KRUS
MBWM
MBWM
Q1 26
$1.32
Q4 25
$-0.25
$1.41
Q3 25
$0.18
$1.46
Q2 25
$0.05
$1.39
Q1 25
$-0.31
$1.21
Q4 24
$-0.08
$1.20
Q3 24
$-0.47
$1.22
Q2 24
$-0.05
$1.17

Balance Sheet & Financial Strength

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

Metric
KRUS
KRUS
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
$50.7M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$229.2M
$736.9M
Total Assets
$443.5M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
$50.7M
Q3 25
$62.5M
Q2 25
$60.5M
Q1 25
$85.2M
Q4 24
$107.7M
Q3 24
$51.0M
Q2 24
$60.7M
Total Debt
KRUS
KRUS
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
KRUS
KRUS
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$229.2M
$724.9M
Q3 25
$231.1M
$657.6M
Q2 25
$227.0M
$631.5M
Q1 25
$225.0M
$608.3M
Q4 24
$227.6M
$584.5M
Q3 24
$162.5M
$583.3M
Q2 24
$166.4M
$551.2M
Total Assets
KRUS
KRUS
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$443.5M
$6.8B
Q3 25
$430.9M
$6.3B
Q2 25
$419.4M
$6.2B
Q1 25
$410.4M
$6.1B
Q4 24
$403.8M
$6.1B
Q3 24
$328.5M
$5.9B
Q2 24
$324.7M
$5.6B
Debt / Equity
KRUS
KRUS
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
KRUS
KRUS
MBWM
MBWM
Operating Cash FlowLast quarter
$529.0K
Free Cash FlowOCF − Capex
$-13.3M
FCF MarginFCF / Revenue
-18.1%
Capex IntensityCapex / Revenue
18.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-27.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
$529.0K
$18.0M
Q3 25
$9.4M
$23.1M
Q2 25
$6.7M
$-7.8M
Q1 25
$4.3M
$-3.0M
Q4 24
$4.4M
$101.1M
Q3 24
$669.0K
$-8.1M
Q2 24
$8.7M
$9.1M
Free Cash Flow
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
$-13.3M
Q3 25
$-79.0K
Q2 25
$-6.9M
Q1 25
$-7.3M
Q4 24
$-7.2M
Q3 24
$-9.6M
Q2 24
$-2.4M
FCF Margin
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
-18.1%
Q3 25
-0.1%
Q2 25
-9.3%
Q1 25
-11.2%
Q4 24
-11.2%
Q3 24
-14.6%
Q2 24
-3.8%
Capex Intensity
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
18.8%
Q3 25
11.9%
Q2 25
18.4%
Q1 25
17.8%
Q4 24
17.9%
Q3 24
15.6%
Q2 24
17.6%
Cash Conversion
KRUS
KRUS
MBWM
MBWM
Q1 26
Q4 25
0.79×
Q3 25
4.12×
0.97×
Q2 25
11.88×
-0.35×
Q1 25
-0.15×
Q4 24
5.15×
Q3 24
-0.41×
Q2 24
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KRUS
KRUS

Segment breakdown not available.

MBWM
MBWM

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

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