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Side-by-side financial comparison of Marathon Bancorp, Inc. (MBBC) and Northann Corp. (NCL). Click either name above to swap in a different company.

Northann Corp. is the larger business by last-quarter revenue ($3.5M vs $2.2M, roughly 1.6× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -248.2%, a 270.5% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs 38.6%). Over the past eight quarters, Northann Corp.'s revenue compounded faster (28.1% CAGR vs 20.3%).

Marathon Bancorp, Inc. is a Maryland-based financial holding company that primarily operates through its community bank subsidiary. It offers a full range of retail and commercial banking products including deposit accounts, consumer loans, commercial mortgages, and small business financing, serving individual and small-to-medium enterprise customers across local markets in Maryland.

Northann Corp is a home furnishing enterprise specializing in the design, production and sales of home textile products, decorative accessories and related household goods. Its core markets cover North America, Western Europe and China, targeting mid-to-high end household consumer segments.

MBBC vs NCL — Head-to-Head

Bigger by revenue
NCL
NCL
1.6× larger
NCL
$3.5M
$2.2M
MBBC
Growing faster (revenue YoY)
MBBC
MBBC
+3.1% gap
MBBC
41.7%
38.6%
NCL
Higher net margin
MBBC
MBBC
270.5% more per $
MBBC
22.3%
-248.2%
NCL
Faster 2-yr revenue CAGR
NCL
NCL
Annualised
NCL
28.1%
20.3%
MBBC

Income Statement — Q2 FY2026 vs Q3 FY2025

Metric
MBBC
MBBC
NCL
NCL
Revenue
$2.2M
$3.5M
Net Profit
$501.4K
$-8.8M
Gross Margin
-40.6%
Operating Margin
26.2%
-246.9%
Net Margin
22.3%
-248.2%
Revenue YoY
41.7%
38.6%
Net Profit YoY
880.7%
-1872.0%
EPS (diluted)
$0.19
$-0.07

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
MBBC
MBBC
NCL
NCL
Q4 25
$2.2M
Q3 25
$2.1M
$3.5M
Q2 25
$1.9M
$1.7M
Q1 25
$1.7M
$3.4M
Q4 24
$1.6M
$4.3M
Q3 24
$1.6M
$2.6M
Q2 24
$1.6M
$3.9M
Q1 24
$1.6M
$4.6M
Net Profit
MBBC
MBBC
NCL
NCL
Q4 25
$501.4K
Q3 25
$444.3K
$-8.8M
Q2 25
$-332.0K
$-2.3M
Q1 25
$148.4K
$-2.6M
Q4 24
$51.1K
$-3.9M
Q3 24
$174.9K
$496.6K
Q2 24
$85.8K
$-997.5K
Q1 24
$-631.1K
$60.0K
Gross Margin
MBBC
MBBC
NCL
NCL
Q4 25
Q3 25
-40.6%
Q2 25
-53.6%
Q1 25
11.4%
Q4 24
-2.2%
Q3 24
63.7%
Q2 24
23.2%
Q1 24
33.6%
Operating Margin
MBBC
MBBC
NCL
NCL
Q4 25
26.2%
Q3 25
25.5%
-246.9%
Q2 25
-25.7%
-128.6%
Q1 25
11.6%
-74.9%
Q4 24
3.3%
-32.2%
Q3 24
13.4%
21.6%
Q2 24
4.1%
-30.0%
Q1 24
-53.7%
7.1%
Net Margin
MBBC
MBBC
NCL
NCL
Q4 25
22.3%
Q3 25
20.7%
-248.2%
Q2 25
-18.9%
-132.5%
Q1 25
8.9%
-76.5%
Q4 24
3.2%
-91.4%
Q3 24
10.8%
19.4%
Q2 24
6.2%
-25.6%
Q1 24
-40.7%
1.3%
EPS (diluted)
MBBC
MBBC
NCL
NCL
Q4 25
$0.19
Q3 25
$0.17
$-0.07
Q2 25
$-0.13
$-0.02
Q1 25
$0.07
$-0.03
Q4 24
$0.02
$-0.16
Q3 24
$0.06
$0.02
Q2 24
$0.07
$-0.04
Q1 24
$-0.31
$0.01

Balance Sheet & Financial Strength

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

Metric
MBBC
MBBC
NCL
NCL
Cash + ST InvestmentsLiquidity on hand
$40.9K
Total DebtLower is stronger
Stockholders' EquityBook value
$46.9M
$1.8M
Total Assets
$248.0M
$15.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBBC
MBBC
NCL
NCL
Q4 25
Q3 25
$40.9K
Q2 25
$1.1M
Q1 25
Q4 24
$245.2K
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MBBC
MBBC
NCL
NCL
Q4 25
$46.9M
Q3 25
$46.3M
$1.8M
Q2 25
$45.7M
$4.4M
Q1 25
$32.0M
$3.9M
Q4 24
$31.7M
$2.6M
Q3 24
$31.6M
$1.4M
Q2 24
$31.3M
$969.0K
Q1 24
$31.4M
$712.3K
Total Assets
MBBC
MBBC
NCL
NCL
Q4 25
$248.0M
Q3 25
$246.0M
$15.0M
Q2 25
$238.8M
$16.5M
Q1 25
$236.8M
$16.5M
Q4 24
$217.9M
$13.9M
Q3 24
$216.5M
$14.6M
Q2 24
$219.3M
$13.1M
Q1 24
$225.8M
$13.2M

Cash Flow & Capital Efficiency

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

Metric
MBBC
MBBC
NCL
NCL
Operating Cash FlowLast quarter
$1.4M
$-15.6K
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
62.3%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
2.82×
TTM Free Cash FlowTrailing 4 quarters
$3.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBBC
MBBC
NCL
NCL
Q4 25
$1.4M
Q3 25
$464.0K
$-15.6K
Q2 25
$1.4M
$-2.8M
Q1 25
$849.0K
$-1.0M
Q4 24
$113.6K
$-1.6M
Q3 24
$945.2K
$169.7K
Q2 24
$416.6K
$-122.2K
Q1 24
$-802.1K
$297.9K
Free Cash Flow
MBBC
MBBC
NCL
NCL
Q4 25
$1.4M
Q3 25
$456.6K
Q2 25
$1.3M
Q1 25
$773.2K
Q4 24
$105.0K
Q3 24
$921.6K
Q2 24
$-1.8M
Q1 24
$-1.1M
FCF Margin
MBBC
MBBC
NCL
NCL
Q4 25
62.3%
Q3 25
21.3%
Q2 25
66.0%
Q1 25
46.3%
Q4 24
6.6%
Q3 24
57.1%
Q2 24
-118.5%
Q1 24
-67.9%
Capex Intensity
MBBC
MBBC
NCL
NCL
Q4 25
0.6%
Q3 25
0.3%
Q2 25
9.3%
Q1 25
4.5%
Q4 24
0.5%
Q3 24
1.5%
Q2 24
145.2%
Q1 24
16.2%
Cash Conversion
MBBC
MBBC
NCL
NCL
Q4 25
2.82×
Q3 25
1.04×
Q2 25
Q1 25
5.72×
Q4 24
2.22×
Q3 24
5.40×
0.34×
Q2 24
4.85×
Q1 24
4.96×

Financial Flow Comparison

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

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