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Side-by-side financial comparison of LANDMARK BANCORP INC (LARK) and Owlet, Inc. (OWLT). Click either name above to swap in a different company.

Owlet, Inc. is the larger business by last-quarter revenue ($26.6M vs $18.8M, roughly 1.4× LANDMARK BANCORP INC). LANDMARK BANCORP INC runs the higher net margin — 27.0% vs -34.6%, a 61.6% gap on every dollar of revenue. On growth, Owlet, Inc. posted the faster year-over-year revenue change (29.6% vs 14.0%). Over the past eight quarters, Owlet, Inc.'s revenue compounded faster (34.2% CAGR vs 13.1%).

Landmark Bancorp Inc is a U.S.-based bank holding company operating Landmark National Bank, primarily serving communities across Kansas. It provides a full range of personal and commercial banking services including deposit accounts, residential mortgages, commercial loans, and wealth management solutions, catering to individual consumers, small businesses and local mid-sized enterprises.

Owlet, Inc. is a pediatric health technology firm that develops smart wearable monitoring products for infants, most notably its signature smart sock that tracks real-time heart rate, oxygen levels, and sleep metrics. It serves global consumer markets across North America, Europe, and Asia-Pacific, distributing products via direct-to-consumer e-commerce and partnered retail outlets, focused on supporting parental peace of mind and infant health safety.

LARK vs OWLT — Head-to-Head

Bigger by revenue
OWLT
OWLT
1.4× larger
OWLT
$26.6M
$18.8M
LARK
Growing faster (revenue YoY)
OWLT
OWLT
+15.6% gap
OWLT
29.6%
14.0%
LARK
Higher net margin
LARK
LARK
61.6% more per $
LARK
27.0%
-34.6%
OWLT
Faster 2-yr revenue CAGR
OWLT
OWLT
Annualised
OWLT
34.2%
13.1%
LARK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LARK
LARK
OWLT
OWLT
Revenue
$18.8M
$26.6M
Net Profit
$5.1M
$-9.2M
Gross Margin
47.6%
Operating Margin
-18.4%
Net Margin
27.0%
-34.6%
Revenue YoY
14.0%
29.6%
Net Profit YoY
7.8%
-1.5%
EPS (diluted)

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
LARK
LARK
OWLT
OWLT
Q1 26
$18.8M
Q4 25
$18.7M
$26.6M
Q3 25
$18.2M
$32.0M
Q2 25
$17.3M
$26.1M
Q1 25
$16.5M
$21.1M
Q4 24
$15.8M
$20.5M
Q3 24
$15.9M
$22.1M
Q2 24
$14.7M
$20.7M
Net Profit
LARK
LARK
OWLT
OWLT
Q1 26
$5.1M
Q4 25
$4.7M
$-9.2M
Q3 25
$4.9M
$4.1M
Q2 25
$4.4M
$-37.6M
Q1 25
$4.7M
$3.0M
Q4 24
$3.3M
$-9.1M
Q3 24
$3.9M
$-5.6M
Q2 24
$3.0M
$-1.1M
Gross Margin
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
47.6%
Q3 25
50.6%
Q2 25
51.3%
Q1 25
53.7%
Q4 24
53.5%
Q3 24
52.2%
Q2 24
49.5%
Operating Margin
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
31.7%
-18.4%
Q3 25
33.4%
3.8%
Q2 25
30.9%
-7.4%
Q1 25
34.7%
-12.7%
Q4 24
15.2%
-36.2%
Q3 24
30.3%
-21.8%
Q2 24
24.5%
-10.8%
Net Margin
LARK
LARK
OWLT
OWLT
Q1 26
27.0%
Q4 25
32.1%
-34.6%
Q3 25
27.1%
12.9%
Q2 25
25.4%
-144.4%
Q1 25
28.5%
14.3%
Q4 24
26.5%
-44.2%
Q3 24
24.8%
-25.4%
Q2 24
20.5%
-5.5%
EPS (diluted)
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
$0.66
Q3 25
$0.85
$-0.06
Q2 25
$0.75
$-2.37
Q1 25
$0.81
$0.11
Q4 24
$0.47
$-0.15
Q3 24
$0.68
$-0.61
Q2 24
$0.52
$-0.30

Balance Sheet & Financial Strength

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

Metric
LARK
LARK
OWLT
OWLT
Cash + ST InvestmentsLiquidity on hand
$31.9M
$35.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$19.0M
Total Assets
$1.6B
$85.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LARK
LARK
OWLT
OWLT
Q1 26
$31.9M
Q4 25
$35.5M
Q3 25
$23.8M
Q2 25
$21.8M
Q1 25
$16.3M
Q4 24
$20.2M
Q3 24
$21.6M
Q2 24
$15.4M
Total Debt
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
$2.1M
Stockholders' Equity
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
$160.6M
$19.0M
Q3 25
$155.7M
$-54.1M
Q2 25
$148.4M
$-59.2M
Q1 25
$142.7M
$-25.8M
Q4 24
$136.2M
$-29.8M
Q3 24
$139.7M
$-21.5M
Q2 24
$128.3M
$-33.4M
Total Assets
LARK
LARK
OWLT
OWLT
Q1 26
$1.6B
Q4 25
$1.6B
$85.6M
Q3 25
$1.6B
$74.9M
Q2 25
$1.6B
$63.5M
Q1 25
$1.6B
$51.4M
Q4 24
$1.6B
$49.5M
Q3 24
$1.6B
$56.1M
Q2 24
$1.6B
$45.9M

Cash Flow & Capital Efficiency

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

Metric
LARK
LARK
OWLT
OWLT
Operating Cash FlowLast quarter
$-452.0K
Free Cash FlowOCF − Capex
$-651.0K
FCF MarginFCF / Revenue
-2.5%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-11.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
$21.6M
$-452.0K
Q3 25
$10.3M
$-2.2M
Q2 25
$439.0K
$-2.2M
Q1 25
$8.0M
$-5.9M
Q4 24
$14.2M
$3.0M
Q3 24
$8.1M
$-7.5M
Q2 24
$4.4M
$-3.4M
Free Cash Flow
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
$21.0M
$-651.0K
Q3 25
$10.1M
$-2.2M
Q2 25
$354.0K
$-2.3M
Q1 25
$8.0M
$-5.9M
Q4 24
$11.9M
$3.0M
Q3 24
$7.8M
$-7.5M
Q2 24
$3.8M
$-3.4M
FCF Margin
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
112.5%
-2.5%
Q3 25
55.4%
-6.8%
Q2 25
2.0%
-8.8%
Q1 25
48.4%
-28.1%
Q4 24
75.6%
14.5%
Q3 24
49.3%
-33.9%
Q2 24
25.6%
-16.3%
Capex Intensity
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
3.2%
0.7%
Q3 25
1.4%
0.0%
Q2 25
0.5%
0.2%
Q1 25
0.3%
0.0%
Q4 24
14.7%
0.2%
Q3 24
1.8%
0.0%
Q2 24
4.2%
0.0%
Cash Conversion
LARK
LARK
OWLT
OWLT
Q1 26
Q4 25
4.56×
Q3 25
2.09×
-0.52×
Q2 25
0.10×
Q1 25
1.71×
-1.96×
Q4 24
4.34×
Q3 24
2.06×
Q2 24
1.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LARK
LARK

Segment breakdown not available.

OWLT
OWLT

US$22.7M85%
Non Us$3.2M12%
Other$651.0K2%

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