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Side-by-side financial comparison of Liquidia Corp (LQDA) and Metropolitan Bank Holding Corp. (MCB). Click either name above to swap in a different company.

Liquidia Corp is the larger business by last-quarter revenue ($92.0M vs $88.5M, roughly 1.0× Metropolitan Bank Holding Corp.). Metropolitan Bank Holding Corp. runs the higher net margin — 35.5% vs 15.8%, a 19.7% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 25.4%).

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

Sandy Spring Bancorp, Inc. was a bank holding company headquartered in Olney, Maryland and operating in the Washington metropolitan area. In addition to banking services, the company offered commercial and personal lines of insurance, surety bonds, workers compensation insurance, and professional liability insurance protection as well as financial planning, wealth management, and asset management for high-net-worth individuals, businesses, and associations. In April 2025, the company was acqu...

LQDA vs MCB — Head-to-Head

Bigger by revenue
LQDA
LQDA
1.0× larger
LQDA
$92.0M
$88.5M
MCB
Growing faster (revenue YoY)
LQDA
LQDA
+3029.3% gap
LQDA
3054.6%
25.4%
MCB
Higher net margin
MCB
MCB
19.7% more per $
MCB
35.5%
15.8%
LQDA

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
LQDA
LQDA
MCB
MCB
Revenue
$92.0M
$88.5M
Net Profit
$14.6M
$31.4M
Gross Margin
Operating Margin
21.5%
Net Margin
15.8%
35.5%
Revenue YoY
3054.6%
25.4%
Net Profit YoY
137.9%
92.2%
EPS (diluted)
$0.18
$2.92

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
LQDA
LQDA
MCB
MCB
Q1 26
$88.5M
Q4 25
$92.0M
$88.4M
Q3 25
$54.3M
$79.8M
Q2 25
$76.3M
Q1 25
$70.6M
Q4 24
$71.0M
Q3 24
$71.5M
Q2 24
$67.7M
Net Profit
LQDA
LQDA
MCB
MCB
Q1 26
$31.4M
Q4 25
$14.6M
$28.9M
Q3 25
$-3.5M
$7.1M
Q2 25
$18.8M
Q1 25
$16.4M
Q4 24
$21.4M
Q3 24
$12.3M
Q2 24
$16.8M
Operating Margin
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
21.5%
46.6%
Q3 25
3.3%
12.8%
Q2 25
35.1%
Q1 25
33.1%
Q4 24
44.1%
Q3 24
24.6%
Q2 24
35.3%
Net Margin
LQDA
LQDA
MCB
MCB
Q1 26
35.5%
Q4 25
15.8%
32.6%
Q3 25
-6.5%
8.9%
Q2 25
24.6%
Q1 25
23.2%
Q4 24
30.2%
Q3 24
17.2%
Q2 24
24.8%
EPS (diluted)
LQDA
LQDA
MCB
MCB
Q1 26
$2.92
Q4 25
$0.18
$2.74
Q3 25
$-0.04
$0.67
Q2 25
$1.76
Q1 25
$1.45
Q4 24
$1.89
Q3 24
$1.08
Q2 24
$1.50

Balance Sheet & Financial Strength

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

Metric
LQDA
LQDA
MCB
MCB
Cash + ST InvestmentsLiquidity on hand
$190.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$44.7M
$948.3M
Total Assets
$327.9M
$8.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
$190.7M
$393.6M
Q3 25
$157.5M
$385.9M
Q2 25
$152.5M
Q1 25
$196.5M
Q4 24
$200.3M
Q3 24
$318.5M
Q2 24
$244.7M
Stockholders' Equity
LQDA
LQDA
MCB
MCB
Q1 26
$948.3M
Q4 25
$44.7M
$743.1M
Q3 25
$22.1M
$732.0M
Q2 25
$723.0M
Q1 25
$737.8M
Q4 24
$729.8M
Q3 24
$715.2M
Q2 24
$692.4M
Total Assets
LQDA
LQDA
MCB
MCB
Q1 26
$8.8B
Q4 25
$327.9M
$8.3B
Q3 25
$276.0M
$8.2B
Q2 25
$7.9B
Q1 25
$7.6B
Q4 24
$7.3B
Q3 24
$7.4B
Q2 24
$7.3B

Cash Flow & Capital Efficiency

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

Metric
LQDA
LQDA
MCB
MCB
Operating Cash FlowLast quarter
$44.2M
Free Cash FlowOCF − Capex
$42.2M
FCF MarginFCF / Revenue
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
$44.2M
$88.7M
Q3 25
$-9.8M
$31.8M
Q2 25
$18.4M
Q1 25
$7.8M
Q4 24
$148.5M
Q3 24
$4.8M
Q2 24
$35.3M
Free Cash Flow
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
$42.2M
Q3 25
$-10.7M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
45.9%
Q3 25
-19.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
2.2%
Q3 25
1.7%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
LQDA
LQDA
MCB
MCB
Q1 26
Q4 25
3.04×
3.07×
Q3 25
4.47×
Q2 25
0.98×
Q1 25
0.47×
Q4 24
6.93×
Q3 24
0.39×
Q2 24
2.10×

Financial Flow Comparison

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

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