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Side-by-side financial comparison of MIDDLEFIELD BANC CORP (MBCN) and Mediaco Holding Inc. (MDIA). Click either name above to swap in a different company.

Mediaco Holding Inc. is the larger business by last-quarter revenue ($38.7M vs $19.9M, roughly 1.9× MIDDLEFIELD BANC CORP). MIDDLEFIELD BANC CORP runs the higher net margin — 26.7% vs -83.6%, a 110.4% gap on every dollar of revenue. On growth, MIDDLEFIELD BANC CORP posted the faster year-over-year revenue change (18.3% vs 17.9%). MIDDLEFIELD BANC CORP produced more free cash flow last quarter ($3.4M vs $-460.0K). Over the past eight quarters, Mediaco Holding Inc.'s revenue compounded faster (140.1% CAGR vs 13.7%).

Star Banc Corporation was a Cincinnati, Ohio-based regional bank holding company that acquired Firstar in 1998 and took the Firstar name; the merged bank acquired U.S. Bancorp in 2001 and took the U.S. Bancorp name. The company can trace its origins back to 1863 when it was first founded as the First National Bank of Cincinnati.

MediaCo Holding Inc. is an American media company with offices based in Burbank, California and New York City, owned by private equity firms HPS Investment Partners, LLC and Standard General. MediaCo caters to the African-American and the Spanish-speaking Hispanic communities. The company owns television and radio stations in several of the top multicultural markets, and is the parent company of the Estrella TV network.

MBCN vs MDIA — Head-to-Head

Bigger by revenue
MDIA
MDIA
1.9× larger
MDIA
$38.7M
$19.9M
MBCN
Growing faster (revenue YoY)
MBCN
MBCN
+0.4% gap
MBCN
18.3%
17.9%
MDIA
Higher net margin
MBCN
MBCN
110.4% more per $
MBCN
26.7%
-83.6%
MDIA
More free cash flow
MBCN
MBCN
$3.8M more FCF
MBCN
$3.4M
$-460.0K
MDIA
Faster 2-yr revenue CAGR
MDIA
MDIA
Annualised
MDIA
140.1%
13.7%
MBCN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MBCN
MBCN
MDIA
MDIA
Revenue
$19.9M
$38.7M
Net Profit
$5.3M
$-32.3M
Gross Margin
Operating Margin
32.2%
-16.0%
Net Margin
26.7%
-83.6%
Revenue YoY
18.3%
17.9%
Net Profit YoY
127.4%
-661.9%
EPS (diluted)
$0.65
$-0.39

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
MBCN
MBCN
MDIA
MDIA
Q4 25
$38.7M
Q3 25
$19.9M
$35.4M
Q2 25
$20.5M
$31.2M
Q1 25
$18.0M
$28.0M
Q4 24
$17.5M
$32.8M
Q3 24
$16.8M
$29.9M
Q2 24
$16.8M
$26.2M
Q1 24
$16.8M
$6.7M
Net Profit
MBCN
MBCN
MDIA
MDIA
Q4 25
$-32.3M
Q3 25
$5.3M
$-17.9M
Q2 25
$6.2M
$-7.4M
Q1 25
$4.8M
$-8.6M
Q4 24
$4.8M
$-4.2M
Q3 24
$2.3M
$54.9M
Q2 24
$4.2M
$-48.3M
Q1 24
$4.2M
$-3.7M
Operating Margin
MBCN
MBCN
MDIA
MDIA
Q4 25
-16.0%
Q3 25
32.2%
-20.0%
Q2 25
35.9%
-21.7%
Q1 25
31.9%
-16.7%
Q4 24
33.4%
-13.8%
Q3 24
16.1%
-23.0%
Q2 24
28.8%
-50.9%
Q1 24
29.4%
-51.7%
Net Margin
MBCN
MBCN
MDIA
MDIA
Q4 25
-83.6%
Q3 25
26.7%
-50.5%
Q2 25
30.0%
-23.7%
Q1 25
26.8%
-30.7%
Q4 24
27.8%
-12.9%
Q3 24
13.9%
184.0%
Q2 24
24.7%
-184.4%
Q1 24
24.9%
-54.8%
EPS (diluted)
MBCN
MBCN
MDIA
MDIA
Q4 25
$-0.39
Q3 25
$0.65
$-0.22
Q2 25
$0.76
$-0.11
Q1 25
$0.60
$-0.12
Q4 24
$0.60
$0.19
Q3 24
$0.29
$0.66
Q2 24
$0.52
$-0.75
Q1 24
$0.51
$-0.18

Balance Sheet & Financial Strength

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

Metric
MBCN
MBCN
MDIA
MDIA
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$224.1M
$46.3M
Total Assets
$2.0B
$291.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBCN
MBCN
MDIA
MDIA
Q4 25
$5.1M
Q3 25
$6.2M
Q2 25
$2.9M
Q1 25
$6.3M
Q4 24
$4.4M
Q3 24
$7.7M
Q2 24
$9.9M
Q1 24
$4.0M
Stockholders' Equity
MBCN
MBCN
MDIA
MDIA
Q4 25
$46.3M
Q3 25
$224.1M
$86.7M
Q2 25
$216.1M
$97.3M
Q1 25
$213.8M
$85.5M
Q4 24
$210.6M
$62.1M
Q3 24
$210.7M
$67.9M
Q2 24
$206.8M
$13.7M
Q1 24
$205.6M
$33.3M
Total Assets
MBCN
MBCN
MDIA
MDIA
Q4 25
$291.1M
Q3 25
$2.0B
$319.4M
Q2 25
$1.9B
$315.1M
Q1 25
$1.9B
$317.7M
Q4 24
$1.9B
$325.5M
Q3 24
$1.9B
$338.4M
Q2 24
$1.8B
$338.6M
Q1 24
$1.8B
$325.5M

Cash Flow & Capital Efficiency

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

Metric
MBCN
MBCN
MDIA
MDIA
Operating Cash FlowLast quarter
$4.8M
$32.0K
Free Cash FlowOCF − Capex
$3.4M
$-460.0K
FCF MarginFCF / Revenue
17.0%
-1.2%
Capex IntensityCapex / Revenue
7.2%
1.3%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$32.0M
$1.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBCN
MBCN
MDIA
MDIA
Q4 25
$32.0K
Q3 25
$4.8M
$2.8M
Q2 25
$4.8M
$-3.0M
Q1 25
$8.0M
$2.1M
Q4 24
$17.5M
$10.9M
Q3 24
$6.0M
$-6.0M
Q2 24
$3.4M
$-25.1M
Q1 24
$5.4M
$412.0K
Free Cash Flow
MBCN
MBCN
MDIA
MDIA
Q4 25
$-460.0K
Q3 25
$3.4M
$2.8M
Q2 25
$4.2M
$-3.2M
Q1 25
$7.7M
$2.0M
Q4 24
$16.7M
$10.5M
Q3 24
$5.8M
$-6.6M
Q2 24
$3.3M
$-25.2M
Q1 24
$5.3M
$386.0K
FCF Margin
MBCN
MBCN
MDIA
MDIA
Q4 25
-1.2%
Q3 25
17.0%
8.0%
Q2 25
20.5%
-10.2%
Q1 25
42.9%
7.1%
Q4 24
95.6%
31.9%
Q3 24
34.7%
-22.2%
Q2 24
19.3%
-96.1%
Q1 24
31.9%
5.8%
Capex Intensity
MBCN
MBCN
MDIA
MDIA
Q4 25
1.3%
Q3 25
7.2%
0.0%
Q2 25
3.0%
0.7%
Q1 25
1.5%
0.2%
Q4 24
4.4%
1.2%
Q3 24
1.0%
2.1%
Q2 24
0.6%
0.3%
Q1 24
0.5%
0.4%
Cash Conversion
MBCN
MBCN
MDIA
MDIA
Q4 25
Q3 25
0.91×
Q2 25
0.78×
Q1 25
1.66×
Q4 24
3.60×
Q3 24
2.57×
-0.11×
Q2 24
0.81×
Q1 24
1.31×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MBCN
MBCN

Segment breakdown not available.

MDIA
MDIA

Video Segment$26.4M68%
Advertising$10.0M26%
Other$1.7M4%
Service Other$536.0K1%

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