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

Marathon Bancorp, Inc. is the larger business by last-quarter revenue ($2.2M vs $1.4M, roughly 1.6× WRAP TECHNOLOGIES, INC.). Marathon Bancorp, Inc. runs the higher net margin — 22.3% vs -280.9%, a 303.2% gap on every dollar of revenue. On growth, WRAP TECHNOLOGIES, INC. posted the faster year-over-year revenue change (62.3% vs 41.7%). Marathon Bancorp, Inc. produced more free cash flow last quarter ($1.4M vs $-2.7M). Over the past eight quarters, Marathon Bancorp, Inc.'s revenue compounded faster (20.3% CAGR vs -2.5%).

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.

Wrap Technologies, Inc. develops non-lethal safety solutions for law enforcement, corrections, and private security sectors across North America and global markets. Its core products include remote restraint devices and training services designed to reduce use-of-force injuries and improve public safety outcomes.

MBBC vs WRAP — Head-to-Head

Bigger by revenue
MBBC
MBBC
1.6× larger
MBBC
$2.2M
$1.4M
WRAP
Growing faster (revenue YoY)
WRAP
WRAP
+20.6% gap
WRAP
62.3%
41.7%
MBBC
Higher net margin
MBBC
MBBC
303.2% more per $
MBBC
22.3%
-280.9%
WRAP
More free cash flow
MBBC
MBBC
$4.1M more FCF
MBBC
$1.4M
$-2.7M
WRAP
Faster 2-yr revenue CAGR
MBBC
MBBC
Annualised
MBBC
20.3%
-2.5%
WRAP

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
MBBC
MBBC
WRAP
WRAP
Revenue
$2.2M
$1.4M
Net Profit
$501.4K
$-3.9M
Gross Margin
52.3%
Operating Margin
26.2%
-281.1%
Net Margin
22.3%
-280.9%
Revenue YoY
41.7%
62.3%
Net Profit YoY
880.7%
48.1%
EPS (diluted)
$0.19

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
WRAP
WRAP
Q4 25
$2.2M
$1.4M
Q3 25
$2.1M
$1.5M
Q2 25
$1.9M
$1.0M
Q1 25
$1.7M
$765.0K
Q4 24
$1.6M
$865.0K
Q3 24
$1.6M
$593.0K
Q2 24
$1.6M
$1.6M
Q1 24
$1.6M
$1.5M
Net Profit
MBBC
MBBC
WRAP
WRAP
Q4 25
$501.4K
$-3.9M
Q3 25
$444.3K
$-2.8M
Q2 25
$-332.0K
$-3.7M
Q1 25
$148.4K
$109.0K
Q4 24
$51.1K
$-7.6M
Q3 24
$174.9K
$2.0M
Q2 24
$85.8K
$-385.0K
Q1 24
$-631.1K
$117.0K
Gross Margin
MBBC
MBBC
WRAP
WRAP
Q4 25
52.3%
Q3 25
59.2%
Q2 25
48.1%
Q1 25
77.8%
Q4 24
47.4%
Q3 24
39.6%
Q2 24
62.6%
Q1 24
56.6%
Operating Margin
MBBC
MBBC
WRAP
WRAP
Q4 25
26.2%
-281.1%
Q3 25
25.5%
-185.2%
Q2 25
-25.7%
-282.2%
Q1 25
11.6%
-512.7%
Q4 24
3.3%
-535.5%
Q3 24
13.4%
-611.5%
Q2 24
4.1%
-201.5%
Q1 24
-53.7%
-280.4%
Net Margin
MBBC
MBBC
WRAP
WRAP
Q4 25
22.3%
-280.9%
Q3 25
20.7%
-186.0%
Q2 25
-18.9%
-368.3%
Q1 25
8.9%
14.2%
Q4 24
3.2%
-878.3%
Q3 24
10.8%
335.6%
Q2 24
6.2%
-24.5%
Q1 24
-40.7%
7.9%
EPS (diluted)
MBBC
MBBC
WRAP
WRAP
Q4 25
$0.19
Q3 25
$0.17
$-0.06
Q2 25
$-0.13
$-0.07
Q1 25
$0.07
Q4 24
$0.02
Q3 24
$0.06
$0.04
Q2 24
$0.07
$-0.02
Q1 24
$-0.31

Balance Sheet & Financial Strength

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

Metric
MBBC
MBBC
WRAP
WRAP
Cash + ST InvestmentsLiquidity on hand
$3.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$46.9M
$11.5M
Total Assets
$248.0M
$15.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBBC
MBBC
WRAP
WRAP
Q4 25
$3.5M
Q3 25
$6.0M
Q2 25
$4.2M
Q1 25
$6.2M
Q4 24
$3.6M
Q3 24
$4.9M
Q2 24
$4.6M
Q1 24
$8.2M
Stockholders' Equity
MBBC
MBBC
WRAP
WRAP
Q4 25
$46.9M
$11.5M
Q3 25
$46.3M
$14.1M
Q2 25
$45.7M
$11.8M
Q1 25
$32.0M
$2.6M
Q4 24
$31.7M
$250.0K
Q3 24
$31.6M
$6.4M
Q2 24
$31.3M
$3.8M
Q1 24
$31.4M
$4.5M
Total Assets
MBBC
MBBC
WRAP
WRAP
Q4 25
$248.0M
$15.4M
Q3 25
$246.0M
$18.2M
Q2 25
$238.8M
$15.6M
Q1 25
$236.8M
$18.0M
Q4 24
$217.9M
$15.1M
Q3 24
$216.5M
$18.8M
Q2 24
$219.3M
$21.8M
Q1 24
$225.8M
$24.8M

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
WRAP
WRAP
Operating Cash FlowLast quarter
$1.4M
$-2.7M
Free Cash FlowOCF − Capex
$1.4M
$-2.7M
FCF MarginFCF / Revenue
62.3%
-190.3%
Capex IntensityCapex / Revenue
0.6%
0.5%
Cash ConversionOCF / Net Profit
2.82×
TTM Free Cash FlowTrailing 4 quarters
$3.9M
$-10.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBBC
MBBC
WRAP
WRAP
Q4 25
$1.4M
$-2.7M
Q3 25
$464.0K
$-2.6M
Q2 25
$1.4M
$-1.9M
Q1 25
$849.0K
$-3.1M
Q4 24
$113.6K
$-1.2M
Q3 24
$945.2K
$330.0K
Q2 24
$416.6K
$-3.5M
Q1 24
$-802.1K
$-3.7M
Free Cash Flow
MBBC
MBBC
WRAP
WRAP
Q4 25
$1.4M
$-2.7M
Q3 25
$456.6K
$-2.7M
Q2 25
$1.3M
$-1.9M
Q1 25
$773.2K
$-3.1M
Q4 24
$105.0K
$-1.2M
Q3 24
$921.6K
Q2 24
$-1.8M
$-3.5M
Q1 24
$-1.1M
$-3.7M
FCF Margin
MBBC
MBBC
WRAP
WRAP
Q4 25
62.3%
-190.3%
Q3 25
21.3%
-181.1%
Q2 25
66.0%
-192.3%
Q1 25
46.3%
-401.4%
Q4 24
6.6%
-139.5%
Q3 24
57.1%
Q2 24
-118.5%
-224.2%
Q1 24
-67.9%
-253.3%
Capex Intensity
MBBC
MBBC
WRAP
WRAP
Q4 25
0.6%
0.5%
Q3 25
0.3%
5.7%
Q2 25
9.3%
0.6%
Q1 25
4.5%
0.3%
Q4 24
0.5%
0.1%
Q3 24
1.5%
0.0%
Q2 24
145.2%
0.1%
Q1 24
16.2%
0.9%
Cash Conversion
MBBC
MBBC
WRAP
WRAP
Q4 25
2.82×
Q3 25
1.04×
Q2 25
Q1 25
5.72×
-28.16×
Q4 24
2.22×
Q3 24
5.40×
0.17×
Q2 24
4.85×
Q1 24
-31.83×

Financial Flow Comparison

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

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