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Side-by-side financial comparison of Lifevantage Corp (LFVN) 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 $48.9M, roughly 1.4× Lifevantage Corp). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 0.6%, a 33.0% gap on every dollar of revenue. Over the past eight quarters, MERCANTILE BANK CORP's revenue compounded faster (9.1% CAGR vs 0.7%).

Lifevantage Corp is a health and wellness enterprise that develops, manufactures and distributes science-backed nutritional supplements, skincare and personal care products. It operates via a direct-to-consumer network marketing model, serving customers across North America, Europe and the Asia-Pacific, with focus on anti-aging and holistic health solution segments.

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 ...

LFVN vs MBWM — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.4× larger
MBWM
$67.6M
$48.9M
LFVN
Higher net margin
MBWM
MBWM
33.0% more per $
MBWM
33.6%
0.6%
LFVN
Faster 2-yr revenue CAGR
MBWM
MBWM
Annualised
MBWM
9.1%
0.7%
LFVN

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
LFVN
LFVN
MBWM
MBWM
Revenue
$48.9M
$67.6M
Net Profit
$276.0K
$22.7M
Gross Margin
74.0%
Operating Margin
1.0%
Net Margin
0.6%
33.6%
Revenue YoY
-27.8%
Net Profit YoY
-89.2%
16.1%
EPS (diluted)
$0.02
$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
LFVN
LFVN
MBWM
MBWM
Q1 26
$67.6M
Q4 25
$48.9M
$62.1M
Q3 25
$47.6M
$62.4M
Q2 25
$55.1M
$60.9M
Q1 25
$58.4M
$57.3M
Q4 24
$67.8M
$58.5M
Q3 24
$47.2M
$58.0M
Q2 24
$48.9M
$56.8M
Net Profit
LFVN
LFVN
MBWM
MBWM
Q1 26
$22.7M
Q4 25
$276.0K
$22.8M
Q3 25
$2.2M
$23.8M
Q2 25
$2.0M
$22.6M
Q1 25
$3.5M
$19.5M
Q4 24
$2.5M
$19.6M
Q3 24
$1.8M
$19.6M
Q2 24
$1.3M
$18.8M
Gross Margin
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
74.0%
Q3 25
79.5%
Q2 25
79.9%
Q1 25
81.0%
Q4 24
80.5%
Q3 24
79.9%
Q2 24
79.5%
Operating Margin
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
1.0%
42.0%
Q3 25
4.8%
44.0%
Q2 25
3.9%
42.6%
Q1 25
6.9%
42.0%
Q4 24
5.1%
39.7%
Q3 24
5.4%
42.4%
Q2 24
5.9%
41.4%
Net Margin
LFVN
LFVN
MBWM
MBWM
Q1 26
33.6%
Q4 25
0.6%
36.8%
Q3 25
4.5%
38.1%
Q2 25
3.6%
37.1%
Q1 25
5.9%
34.1%
Q4 24
3.8%
33.5%
Q3 24
3.9%
33.8%
Q2 24
2.7%
33.1%
EPS (diluted)
LFVN
LFVN
MBWM
MBWM
Q1 26
$1.32
Q4 25
$0.02
$1.41
Q3 25
$0.17
$1.46
Q2 25
$0.16
$1.39
Q1 25
$0.26
$1.21
Q4 24
$0.19
$1.20
Q3 24
$0.14
$1.22
Q2 24
$0.10
$1.17

Balance Sheet & Financial Strength

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

Metric
LFVN
LFVN
MBWM
MBWM
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$33.0M
$736.9M
Total Assets
$61.2M
$6.9B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
Q3 25
Q2 25
$20.2M
Q1 25
Q4 24
Q3 24
Q2 24
$16.9M
Total Debt
LFVN
LFVN
MBWM
MBWM
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
LFVN
LFVN
MBWM
MBWM
Q1 26
$736.9M
Q4 25
$33.0M
$724.9M
Q3 25
$33.2M
$657.6M
Q2 25
$34.6M
$631.5M
Q1 25
$34.0M
$608.3M
Q4 24
$29.9M
$584.5M
Q3 24
$27.7M
$583.3M
Q2 24
$26.0M
$551.2M
Total Assets
LFVN
LFVN
MBWM
MBWM
Q1 26
$6.9B
Q4 25
$61.2M
$6.8B
Q3 25
$61.6M
$6.3B
Q2 25
$72.0M
$6.2B
Q1 25
$77.2M
$6.1B
Q4 24
$68.5M
$6.1B
Q3 24
$61.5M
$5.9B
Q2 24
$60.3M
$5.6B
Debt / Equity
LFVN
LFVN
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
LFVN
LFVN
MBWM
MBWM
Operating Cash FlowLast quarter
$2.8M
Free Cash FlowOCF − Capex
$1.7M
FCF MarginFCF / Revenue
3.5%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
10.11×
TTM Free Cash FlowTrailing 4 quarters
$1.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
$2.8M
$18.0M
Q3 25
$-2.3M
$23.1M
Q2 25
$1.0M
$-7.8M
Q1 25
$2.2M
$-3.0M
Q4 24
$9.2M
$101.1M
Q3 24
$-583.0K
$-8.1M
Q2 24
$2.6M
$9.1M
Free Cash Flow
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
$1.7M
Q3 25
$-2.7M
Q2 25
$835.0K
Q1 25
$1.9M
Q4 24
$8.7M
Q3 24
$-932.0K
Q2 24
$2.3M
FCF Margin
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
3.5%
Q3 25
-5.8%
Q2 25
1.5%
Q1 25
3.2%
Q4 24
12.8%
Q3 24
-2.0%
Q2 24
4.7%
Capex Intensity
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
2.2%
Q3 25
0.9%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.7%
Q3 24
0.7%
Q2 24
0.6%
Cash Conversion
LFVN
LFVN
MBWM
MBWM
Q1 26
Q4 25
10.11×
0.79×
Q3 25
-1.07×
0.97×
Q2 25
0.53×
-0.35×
Q1 25
0.64×
-0.15×
Q4 24
3.61×
5.15×
Q3 24
-0.32×
-0.41×
Q2 24
1.98×
0.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

LFVN
LFVN

Segment breakdown not available.

MBWM
MBWM

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

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