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

NEXGEL, INC. is the larger business by last-quarter revenue ($2.8M vs $2.2M, roughly 1.2× Marathon Bancorp, Inc.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -34.7%, a 57.0% gap on every dollar of revenue. On growth, Marathon Bancorp, Inc. posted the faster year-over-year revenue change (41.7% vs -8.1%). Over the past eight quarters, NEXGEL, INC.'s revenue compounded faster (48.6% 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.

NEXGEL, INC. is a specialty consumer healthcare and medical technology firm that develops, manufactures and distributes ultra-gentle, irritation-free hydrogel products. Its offerings span over-the-counter skincare remedies, wound care solutions, and topical drug delivery platforms, serving consumer, clinical and pharmaceutical partner segments primarily across North America, with growing global distribution channels.

MBBC vs NXGL — Head-to-Head

Bigger by revenue
NXGL
NXGL
1.2× larger
NXGL
$2.8M
$2.2M
MBBC
Growing faster (revenue YoY)
MBBC
MBBC
+49.7% gap
MBBC
41.7%
-8.1%
NXGL
Higher net margin
MBBC
MBBC
57.0% more per $
MBBC
22.3%
-34.7%
NXGL
Faster 2-yr revenue CAGR
NXGL
NXGL
Annualised
NXGL
48.6%
20.3%
MBBC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MBBC
MBBC
NXGL
NXGL
Revenue
$2.2M
$2.8M
Net Profit
$501.4K
$-970.0K
Gross Margin
29.3%
Operating Margin
26.2%
-43.4%
Net Margin
22.3%
-34.7%
Revenue YoY
41.7%
-8.1%
Net Profit YoY
880.7%
-14.1%
EPS (diluted)
$0.19
$-0.12

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
NXGL
NXGL
Q4 25
$2.2M
$2.8M
Q3 25
$2.1M
$2.9M
Q2 25
$1.9M
$2.9M
Q1 25
$1.7M
$2.8M
Q4 24
$1.6M
$3.0M
Q3 24
$1.6M
$2.9M
Q2 24
$1.6M
$1.4M
Q1 24
$1.6M
$1.3M
Net Profit
MBBC
MBBC
NXGL
NXGL
Q4 25
$501.4K
$-970.0K
Q3 25
$444.3K
$-653.0K
Q2 25
$-332.0K
$-665.0K
Q1 25
$148.4K
$-712.0K
Q4 24
$51.1K
$-850.0K
Q3 24
$174.9K
$-693.0K
Q2 24
$85.8K
$-885.0K
Q1 24
$-631.1K
$-853.0K
Gross Margin
MBBC
MBBC
NXGL
NXGL
Q4 25
29.3%
Q3 25
42.4%
Q2 25
43.6%
Q1 25
42.3%
Q4 24
37.5%
Q3 24
39.3%
Q2 24
20.3%
Q1 24
12.6%
Operating Margin
MBBC
MBBC
NXGL
NXGL
Q4 25
26.2%
-43.4%
Q3 25
25.5%
-24.7%
Q2 25
-25.7%
-22.1%
Q1 25
11.6%
-27.7%
Q4 24
3.3%
-27.6%
Q3 24
13.4%
-26.8%
Q2 24
4.1%
-73.2%
Q1 24
-53.7%
-68.8%
Net Margin
MBBC
MBBC
NXGL
NXGL
Q4 25
22.3%
-34.7%
Q3 25
20.7%
-22.3%
Q2 25
-18.9%
-23.1%
Q1 25
8.9%
-25.4%
Q4 24
3.2%
-27.9%
Q3 24
10.8%
-23.6%
Q2 24
6.2%
-61.5%
Q1 24
-40.7%
-67.4%
EPS (diluted)
MBBC
MBBC
NXGL
NXGL
Q4 25
$0.19
$-0.12
Q3 25
$0.17
$-0.08
Q2 25
$-0.13
$-0.09
Q1 25
$0.07
$-0.09
Q4 24
$0.02
$-0.11
Q3 24
$0.06
$-0.11
Q2 24
$0.07
$-0.14
Q1 24
$-0.31
$-0.14

Balance Sheet & Financial Strength

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

Metric
MBBC
MBBC
NXGL
NXGL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$588.0K
Stockholders' EquityBook value
$46.9M
$4.5M
Total Assets
$248.0M
$10.5M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBBC
MBBC
NXGL
NXGL
Q4 25
Q3 25
$938.0K
Q2 25
Q1 25
Q4 24
$1.8M
Q3 24
$1.1M
Q2 24
Q1 24
Total Debt
MBBC
MBBC
NXGL
NXGL
Q4 25
$588.0K
Q3 25
$614.0K
Q2 25
$638.0K
Q1 25
$662.0K
Q4 24
$685.0K
Q3 24
$709.0K
Q2 24
$732.0K
Q1 24
$750.0K
Stockholders' Equity
MBBC
MBBC
NXGL
NXGL
Q4 25
$46.9M
$4.5M
Q3 25
$46.3M
$5.2M
Q2 25
$45.7M
$4.7M
Q1 25
$32.0M
$5.2M
Q4 24
$31.7M
$5.8M
Q3 24
$31.6M
$4.7M
Q2 24
$31.3M
$4.2M
Q1 24
$31.4M
$4.8M
Total Assets
MBBC
MBBC
NXGL
NXGL
Q4 25
$248.0M
$10.5M
Q3 25
$246.0M
$11.6M
Q2 25
$238.8M
$9.7M
Q1 25
$236.8M
$10.4M
Q4 24
$217.9M
$11.0M
Q3 24
$216.5M
$10.6M
Q2 24
$219.3M
$9.8M
Q1 24
$225.8M
$10.4M
Debt / Equity
MBBC
MBBC
NXGL
NXGL
Q4 25
0.13×
Q3 25
0.12×
Q2 25
0.14×
Q1 25
0.13×
Q4 24
0.12×
Q3 24
0.15×
Q2 24
0.18×
Q1 24
0.16×

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
NXGL
NXGL
Operating Cash FlowLast quarter
$1.4M
$281.0K
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
NXGL
NXGL
Q4 25
$1.4M
$281.0K
Q3 25
$464.0K
$-785.0K
Q2 25
$1.4M
$-407.0K
Q1 25
$849.0K
$-400.0K
Q4 24
$113.6K
$-859.0K
Q3 24
$945.2K
$-1.2M
Q2 24
$416.6K
$-700.0K
Q1 24
$-802.1K
$-1.1M
Free Cash Flow
MBBC
MBBC
NXGL
NXGL
Q4 25
$1.4M
Q3 25
$456.6K
$-793.0K
Q2 25
$1.3M
Q1 25
$773.2K
Q4 24
$105.0K
Q3 24
$921.6K
$-1.2M
Q2 24
$-1.8M
$-909.0K
Q1 24
$-1.1M
$-1.2M
FCF Margin
MBBC
MBBC
NXGL
NXGL
Q4 25
62.3%
Q3 25
21.3%
-27.0%
Q2 25
66.0%
Q1 25
46.3%
Q4 24
6.6%
Q3 24
57.1%
-41.8%
Q2 24
-118.5%
-63.1%
Q1 24
-67.9%
-98.3%
Capex Intensity
MBBC
MBBC
NXGL
NXGL
Q4 25
0.6%
Q3 25
0.3%
0.3%
Q2 25
9.3%
Q1 25
4.5%
Q4 24
0.5%
Q3 24
1.5%
0.4%
Q2 24
145.2%
14.5%
Q1 24
16.2%
12.0%
Cash Conversion
MBBC
MBBC
NXGL
NXGL
Q4 25
2.82×
Q3 25
1.04×
Q2 25
Q1 25
5.72×
Q4 24
2.22×
Q3 24
5.40×
Q2 24
4.85×
Q1 24

Financial Flow Comparison

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

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