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Side-by-side financial comparison of KEY TRONIC CORP (KTCC) and Midland States Bancorp, Inc. (MSBI). Click either name above to swap in a different company.

KEY TRONIC CORP is the larger business by last-quarter revenue ($96.3M vs $79.5M, roughly 1.2× Midland States Bancorp, Inc.). Midland States Bancorp, Inc. runs the higher net margin — 23.2% vs -8.9%, a 32.1% gap on every dollar of revenue. Over the past eight quarters, Midland States Bancorp, Inc.'s revenue compounded faster (-6.4% CAGR vs -17.8%).

Key Tronic Corporation is a technology company founded in 1969 by Lewis G. Zirkle. Its core products initially included keyboards, mice and other input devices. Key Tronic currently specializes in PCBA and full product assembly. The company is among the ten largest contract manufacturers providing electronic manufacturing services in the US. The company offers full product design or assembly of a wide variety of household goods and electronic products such as keyboards, printed circuit board ...

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

KTCC vs MSBI — Head-to-Head

Bigger by revenue
KTCC
KTCC
1.2× larger
KTCC
$96.3M
$79.5M
MSBI
Higher net margin
MSBI
MSBI
32.1% more per $
MSBI
23.2%
-8.9%
KTCC
Faster 2-yr revenue CAGR
MSBI
MSBI
Annualised
MSBI
-6.4%
-17.8%
KTCC

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
KTCC
KTCC
MSBI
MSBI
Revenue
$96.3M
$79.5M
Net Profit
$-8.6M
$18.5M
Gross Margin
0.6%
Operating Margin
-10.7%
Net Margin
-8.9%
23.2%
Revenue YoY
-15.4%
Net Profit YoY
-74.4%
739.3%
EPS (diluted)
$-0.79
$0.74

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
KTCC
KTCC
MSBI
MSBI
Q1 26
$79.5M
Q4 25
$96.3M
$85.6M
Q3 25
$98.8M
$81.1M
Q2 25
$110.5M
$82.2M
Q1 25
$112.0M
$76.1M
Q4 24
$113.9M
$93.9M
Q3 24
$131.6M
$92.7M
Q2 24
$126.6M
$90.9M
Net Profit
KTCC
KTCC
MSBI
MSBI
Q1 26
$18.5M
Q4 25
$-8.6M
$-2.9M
Q3 25
$-2.3M
$7.6M
Q2 25
$-3.9M
$12.0M
Q1 25
$-604.0K
$-141.0M
Q4 24
$-4.9M
$-30.8M
Q3 24
$1.1M
$20.4M
Q2 24
$-2.0M
$25.7M
Gross Margin
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
0.6%
Q3 25
8.4%
Q2 25
6.2%
Q1 25
7.7%
Q4 24
6.8%
Q3 24
10.1%
Q2 24
7.2%
Operating Margin
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
-10.7%
-5.5%
Q3 25
-0.6%
13.9%
Q2 25
-2.1%
18.1%
Q1 25
-0.4%
-181.2%
Q4 24
-1.0%
-66.5%
Q3 24
3.4%
26.9%
Q2 24
0.1%
35.0%
Net Margin
KTCC
KTCC
MSBI
MSBI
Q1 26
23.2%
Q4 25
-8.9%
-4.9%
Q3 25
-2.3%
9.3%
Q2 25
-3.6%
14.6%
Q1 25
-0.5%
-185.4%
Q4 24
-4.3%
-52.5%
Q3 24
0.9%
22.1%
Q2 24
-1.6%
28.3%
EPS (diluted)
KTCC
KTCC
MSBI
MSBI
Q1 26
$0.74
Q4 25
$-0.79
$-0.22
Q3 25
$-0.21
$0.24
Q2 25
$-0.35
$0.44
Q1 25
$-0.06
$-6.58
Q4 24
$-0.46
$-1.49
Q3 24
$0.10
$0.83
Q2 24
$-0.18
$1.06

Balance Sheet & Financial Strength

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

Metric
KTCC
KTCC
MSBI
MSBI
Cash + ST InvestmentsLiquidity on hand
$788.0K
$89.4M
Total DebtLower is stronger
$97.7M
$33.2M
Stockholders' EquityBook value
$106.2M
$569.5M
Total Assets
$325.3M
$6.5B
Debt / EquityLower = less leverage
0.92×
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KTCC
KTCC
MSBI
MSBI
Q1 26
$89.4M
Q4 25
$788.0K
$127.8M
Q3 25
$1.1M
$166.1M
Q2 25
$1.4M
$176.6M
Q1 25
$2.5M
$102.0M
Q4 24
$4.2M
$114.8M
Q3 24
$6.6M
$121.9M
Q2 24
$4.8M
$124.6M
Total Debt
KTCC
KTCC
MSBI
MSBI
Q1 26
$33.2M
Q4 25
$97.7M
Q3 25
$100.8M
Q2 25
$105.2M
Q1 25
$113.6M
Q4 24
$111.1M
Q3 24
$112.7M
Q2 24
$119.5M
Stockholders' Equity
KTCC
KTCC
MSBI
MSBI
Q1 26
$569.5M
Q4 25
$106.2M
$565.5M
Q3 25
$114.8M
$584.0M
Q2 25
$117.1M
$573.7M
Q1 25
$119.6M
$571.4M
Q4 24
$119.5M
$710.8M
Q3 24
$124.3M
$771.2M
Q2 24
$124.0M
$736.8M
Total Assets
KTCC
KTCC
MSBI
MSBI
Q1 26
$6.5B
Q4 25
$325.3M
$6.5B
Q3 25
$324.6M
$6.9B
Q2 25
$315.9M
$7.1B
Q1 25
$328.6M
$7.3B
Q4 24
$327.8M
$7.5B
Q3 24
$355.9M
$7.7B
Q2 24
$355.3M
$7.7B
Debt / Equity
KTCC
KTCC
MSBI
MSBI
Q1 26
0.06×
Q4 25
0.92×
Q3 25
0.88×
Q2 25
0.90×
Q1 25
0.95×
Q4 24
0.93×
Q3 24
0.91×
Q2 24
0.96×

Cash Flow & Capital Efficiency

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

Metric
KTCC
KTCC
MSBI
MSBI
Operating Cash FlowLast quarter
$6.4M
Free Cash FlowOCF − Capex
$3.1M
FCF MarginFCF / Revenue
3.2%
Capex IntensityCapex / Revenue
3.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
$6.4M
$125.7M
Q3 25
$7.6M
$80.0M
Q2 25
$8.8M
$28.1M
Q1 25
$-1.4M
$24.7M
Q4 24
$1.6M
$176.5M
Q3 24
$9.9M
$46.5M
Q2 24
$7.7M
$31.4M
Free Cash Flow
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
$3.1M
$120.3M
Q3 25
$4.4M
$78.6M
Q2 25
$7.7M
$26.7M
Q1 25
$-3.6M
$22.9M
Q4 24
$1.1M
$169.6M
Q3 24
$9.6M
$44.4M
Q2 24
$7.1M
$29.9M
FCF Margin
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
3.2%
140.6%
Q3 25
4.5%
96.9%
Q2 25
7.0%
32.4%
Q1 25
-3.2%
30.1%
Q4 24
1.0%
180.6%
Q3 24
7.3%
47.9%
Q2 24
5.6%
32.9%
Capex Intensity
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
3.4%
6.2%
Q3 25
3.2%
1.7%
Q2 25
1.0%
1.7%
Q1 25
2.0%
2.4%
Q4 24
0.4%
7.3%
Q3 24
0.3%
2.3%
Q2 24
0.4%
1.7%
Cash Conversion
KTCC
KTCC
MSBI
MSBI
Q1 26
Q4 25
Q3 25
10.58×
Q2 25
2.33×
Q1 25
Q4 24
Q3 24
8.85×
2.28×
Q2 24
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

KTCC
KTCC

Transferred Over Time$91.3M95%
Transferred At Point In Time$5.0M5%

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

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