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

Organogenesis Holdings Inc. is the larger business by last-quarter revenue ($37.2M vs $19.9M, roughly 1.9× MIDDLEFIELD BANC CORP). On growth, MIDDLEFIELD BANC CORP posted the faster year-over-year revenue change (18.3% vs -57.1%). Over the past eight quarters, MIDDLEFIELD BANC CORP's revenue compounded faster (13.7% CAGR vs -46.5%).

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.

Organogenesis Holdings Inc. is a leading regenerative medicine firm specializing in developing and manufacturing advanced therapeutic products for wound care, surgical repair, sports medicine, and dermatology. It serves healthcare providers and patients primarily in the U.S. and select international markets, offering clinically validated solutions for unmet medical needs.

MBCN vs ORGO — Head-to-Head

Bigger by revenue
ORGO
ORGO
1.9× larger
ORGO
$37.2M
$19.9M
MBCN
Growing faster (revenue YoY)
MBCN
MBCN
+75.3% gap
MBCN
18.3%
-57.1%
ORGO
Faster 2-yr revenue CAGR
MBCN
MBCN
Annualised
MBCN
13.7%
-46.5%
ORGO

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
MBCN
MBCN
ORGO
ORGO
Revenue
$19.9M
$37.2M
Net Profit
$5.3M
Gross Margin
30.8%
Operating Margin
32.2%
-185.1%
Net Margin
26.7%
Revenue YoY
18.3%
-57.1%
Net Profit YoY
127.4%
EPS (diluted)
$0.65

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
ORGO
ORGO
Q1 26
$37.2M
Q4 25
$225.6M
Q3 25
$19.9M
$150.9M
Q2 25
$20.5M
$101.0M
Q1 25
$18.0M
$86.7M
Q4 24
$17.5M
$126.7M
Q3 24
$16.8M
$115.2M
Q2 24
$16.8M
$130.2M
Net Profit
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
$43.7M
Q3 25
$5.3M
$21.6M
Q2 25
$6.2M
$-9.4M
Q1 25
$4.8M
$-18.8M
Q4 24
$4.8M
$7.7M
Q3 24
$2.3M
$12.3M
Q2 24
$4.2M
$-17.0M
Gross Margin
MBCN
MBCN
ORGO
ORGO
Q1 26
30.8%
Q4 25
Q3 25
Q2 25
Q1 25
72.6%
Q4 24
75.5%
Q3 24
76.7%
Q2 24
77.6%
Operating Margin
MBCN
MBCN
ORGO
ORGO
Q1 26
-185.1%
Q4 25
28.1%
Q3 25
32.2%
13.7%
Q2 25
35.9%
-12.5%
Q1 25
31.9%
-30.9%
Q4 24
33.4%
8.1%
Q3 24
16.1%
5.4%
Q2 24
28.8%
-10.7%
Net Margin
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
19.4%
Q3 25
26.7%
14.3%
Q2 25
30.0%
-9.3%
Q1 25
26.8%
-21.7%
Q4 24
27.8%
6.1%
Q3 24
13.9%
10.7%
Q2 24
24.7%
-13.1%
EPS (diluted)
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
$0.31
Q3 25
$0.65
$0.11
Q2 25
$0.76
$-0.10
Q1 25
$0.60
$-0.17
Q4 24
$0.60
$0.05
Q3 24
$0.29
$0.09
Q2 24
$0.52
$-0.13

Balance Sheet & Financial Strength

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

Metric
MBCN
MBCN
ORGO
ORGO
Cash + ST InvestmentsLiquidity on hand
$91.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$224.1M
Total Assets
$2.0B
$520.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBCN
MBCN
ORGO
ORGO
Q1 26
$91.4M
Q4 25
$93.7M
Q3 25
$63.7M
Q2 25
$73.1M
Q1 25
$110.0M
Q4 24
$135.6M
Q3 24
$94.3M
Q2 24
$89.9M
Total Debt
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$62.3M
Q2 24
$63.8M
Stockholders' Equity
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
$300.1M
Q3 25
$224.1M
$255.1M
Q2 25
$216.1M
$233.2M
Q1 25
$213.8M
$242.9M
Q4 24
$210.6M
$262.9M
Q3 24
$210.7M
$278.5M
Q2 24
$206.8M
$263.5M
Total Assets
MBCN
MBCN
ORGO
ORGO
Q1 26
$520.0M
Q4 25
$598.7M
Q3 25
$2.0B
$509.8M
Q2 25
$1.9B
$461.1M
Q1 25
$1.9B
$467.4M
Q4 24
$1.9B
$497.9M
Q3 24
$1.9B
$446.3M
Q2 24
$1.8B
$443.2M
Debt / Equity
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.22×
Q2 24
0.24×

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
ORGO
ORGO
Operating Cash FlowLast quarter
$4.8M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
7.2%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
$39.4M
Q3 25
$4.8M
$3.1M
Q2 25
$4.8M
$-32.9M
Q1 25
$8.0M
$-19.9M
Q4 24
$17.5M
$10.9M
Q3 24
$6.0M
$8.7M
Q2 24
$3.4M
$4.7M
Free Cash Flow
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
$34.8M
Q3 25
$3.4M
$844.0K
Q2 25
$4.2M
$-36.5M
Q1 25
$7.7M
$-23.6M
Q4 24
$16.7M
$7.6M
Q3 24
$5.8M
$6.1M
Q2 24
$3.3M
$2.9M
FCF Margin
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
15.4%
Q3 25
17.0%
0.6%
Q2 25
20.5%
-36.1%
Q1 25
42.9%
-27.2%
Q4 24
95.6%
6.0%
Q3 24
34.7%
5.3%
Q2 24
19.3%
2.2%
Capex Intensity
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
2.1%
Q3 25
7.2%
1.5%
Q2 25
3.0%
3.6%
Q1 25
1.5%
4.2%
Q4 24
4.4%
2.7%
Q3 24
1.0%
2.2%
Q2 24
0.6%
1.4%
Cash Conversion
MBCN
MBCN
ORGO
ORGO
Q1 26
Q4 25
0.90×
Q3 25
0.91×
0.14×
Q2 25
0.78×
Q1 25
1.66×
Q4 24
3.60×
1.43×
Q3 24
2.57×
0.71×
Q2 24
0.81×

Financial Flow Comparison

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

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