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

MIDDLEFIELD BANC CORP is the larger business by last-quarter revenue ($19.9M vs $13.4M, roughly 1.5× Outdoor Holding Co). MIDDLEFIELD BANC CORP runs the higher net margin — 26.7% vs 16.7%, a 10.1% gap on every dollar of revenue. On growth, MIDDLEFIELD BANC CORP posted the faster year-over-year revenue change (18.3% vs -54.1%). Outdoor Holding Co produced more free cash flow last quarter ($5.0M vs $3.4M).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

MBCN vs POWW — Head-to-Head

Bigger by revenue
MBCN
MBCN
1.5× larger
MBCN
$19.9M
$13.4M
POWW
Growing faster (revenue YoY)
MBCN
MBCN
+72.4% gap
MBCN
18.3%
-54.1%
POWW
Higher net margin
MBCN
MBCN
10.1% more per $
MBCN
26.7%
16.7%
POWW
More free cash flow
POWW
POWW
$1.6M more FCF
POWW
$5.0M
$3.4M
MBCN

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
MBCN
MBCN
POWW
POWW
Revenue
$19.9M
$13.4M
Net Profit
$5.3M
$2.2M
Gross Margin
87.1%
Operating Margin
32.2%
14.7%
Net Margin
26.7%
16.7%
Revenue YoY
18.3%
-54.1%
Net Profit YoY
127.4%
108.5%
EPS (diluted)
$0.65
$0.01

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
POWW
POWW
Q4 25
$13.4M
Q3 25
$19.9M
$12.0M
Q2 25
$20.5M
$11.9M
Q1 25
$18.0M
$12.6M
Q4 24
$17.5M
$12.5M
Q3 24
$16.8M
$12.0M
Q2 24
$16.8M
$12.3M
Q1 24
$16.8M
$-50.7M
Net Profit
MBCN
MBCN
POWW
POWW
Q4 25
$2.2M
Q3 25
$5.3M
$1.4M
Q2 25
$6.2M
$-6.5M
Q1 25
$4.8M
$-77.5M
Q4 24
$4.8M
$-26.1M
Q3 24
$2.3M
$-12.4M
Q2 24
$4.2M
$-14.8M
Q1 24
$4.2M
$-5.2M
Gross Margin
MBCN
MBCN
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
MBCN
MBCN
POWW
POWW
Q4 25
14.7%
Q3 25
32.2%
5.9%
Q2 25
35.9%
-50.7%
Q1 25
31.9%
-213.6%
Q4 24
33.4%
-163.8%
Q3 24
16.1%
-50.3%
Q2 24
28.8%
-50.8%
Q1 24
29.4%
Net Margin
MBCN
MBCN
POWW
POWW
Q4 25
16.7%
Q3 25
26.7%
11.7%
Q2 25
30.0%
-54.5%
Q1 25
26.8%
-614.5%
Q4 24
27.8%
-208.7%
Q3 24
13.9%
-103.7%
Q2 24
24.7%
-120.2%
Q1 24
24.9%
10.3%
EPS (diluted)
MBCN
MBCN
POWW
POWW
Q4 25
$0.01
Q3 25
$0.65
$0.01
Q2 25
$0.76
$-0.06
Q1 25
$0.60
$-0.67
Q4 24
$0.60
$-0.23
Q3 24
$0.29
$-0.11
Q2 24
$0.52
$-0.13
Q1 24
$0.51
$-0.05

Balance Sheet & Financial Strength

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

Metric
MBCN
MBCN
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$224.1M
$237.3M
Total Assets
$2.0B
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBCN
MBCN
POWW
POWW
Q4 25
$69.9M
Q3 25
$65.7M
Q2 25
$63.4M
Q1 25
$30.2M
Q4 24
$31.9M
Q3 24
$33.5M
Q2 24
$50.8M
Q1 24
$55.6M
Stockholders' Equity
MBCN
MBCN
POWW
POWW
Q4 25
$237.3M
Q3 25
$224.1M
$235.4M
Q2 25
$216.1M
$222.5M
Q1 25
$213.8M
$222.0M
Q4 24
$210.6M
$299.6M
Q3 24
$210.7M
$325.6M
Q2 24
$206.8M
$342.5M
Q1 24
$205.6M
$358.0M
Total Assets
MBCN
MBCN
POWW
POWW
Q4 25
$271.7M
Q3 25
$2.0B
$270.3M
Q2 25
$1.9B
$269.5M
Q1 25
$1.9B
$297.3M
Q4 24
$1.9B
$355.4M
Q3 24
$1.9B
$368.9M
Q2 24
$1.8B
$398.6M
Q1 24
$1.8B
$403.0M

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
POWW
POWW
Operating Cash FlowLast quarter
$4.8M
$5.7M
Free Cash FlowOCF − Capex
$3.4M
$5.0M
FCF MarginFCF / Revenue
17.0%
37.6%
Capex IntensityCapex / Revenue
7.2%
4.8%
Cash ConversionOCF / Net Profit
0.91×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$32.0M
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBCN
MBCN
POWW
POWW
Q4 25
$5.7M
Q3 25
$4.8M
$3.2M
Q2 25
$4.8M
$-6.7M
Q1 25
$8.0M
$-1.5M
Q4 24
$17.5M
$1.3M
Q3 24
$6.0M
$-9.3M
Q2 24
$3.4M
$-547.5K
Q1 24
$5.4M
$4.3M
Free Cash Flow
MBCN
MBCN
POWW
POWW
Q4 25
$5.0M
Q3 25
$3.4M
$2.5M
Q2 25
$4.2M
$-7.6M
Q1 25
$7.7M
$-2.3M
Q4 24
$16.7M
$720.3K
Q3 24
$5.8M
$-10.6M
Q2 24
$3.3M
$-1.3M
Q1 24
$5.3M
$1.4M
FCF Margin
MBCN
MBCN
POWW
POWW
Q4 25
37.6%
Q3 25
17.0%
21.0%
Q2 25
20.5%
-63.8%
Q1 25
42.9%
-18.6%
Q4 24
95.6%
5.8%
Q3 24
34.7%
-88.3%
Q2 24
19.3%
-11.0%
Q1 24
31.9%
-2.8%
Capex Intensity
MBCN
MBCN
POWW
POWW
Q4 25
4.8%
Q3 25
7.2%
5.8%
Q2 25
3.0%
7.5%
Q1 25
1.5%
6.5%
Q4 24
4.4%
4.4%
Q3 24
1.0%
10.4%
Q2 24
0.6%
6.5%
Q1 24
0.5%
-5.7%
Cash Conversion
MBCN
MBCN
POWW
POWW
Q4 25
2.55×
Q3 25
0.91×
2.29×
Q2 25
0.78×
Q1 25
1.66×
Q4 24
3.60×
Q3 24
2.57×
Q2 24
0.81×
Q1 24
1.31×

Financial Flow Comparison

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

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