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Side-by-side financial comparison of MIDDLEFIELD BANC CORP (MBCN) and Rent the Runway, Inc. (RENT). Click either name above to swap in a different company.

MIDDLEFIELD BANC CORP is the larger business by last-quarter revenue ($19.9M vs $10.6M, roughly 1.9× Rent the Runway, Inc.). Rent the Runway, Inc. runs the higher net margin — 721.7% vs 26.7%, a 694.9% gap on every dollar of revenue. On growth, MIDDLEFIELD BANC CORP posted the faster year-over-year revenue change (18.3% vs 10.4%). Over the past eight quarters, MIDDLEFIELD BANC CORP's revenue compounded faster (13.7% CAGR vs 1.0%).

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.

Rent the Runway is an American e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It was founded in November 2009 by Jennifer Hyman and Jennifer Fleiss and is based in New York City.

MBCN vs RENT — Head-to-Head

Bigger by revenue
MBCN
MBCN
1.9× larger
MBCN
$19.9M
$10.6M
RENT
Growing faster (revenue YoY)
MBCN
MBCN
+7.9% gap
MBCN
18.3%
10.4%
RENT
Higher net margin
RENT
RENT
694.9% more per $
RENT
721.7%
26.7%
MBCN
Faster 2-yr revenue CAGR
MBCN
MBCN
Annualised
MBCN
13.7%
1.0%
RENT

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
MBCN
MBCN
RENT
RENT
Revenue
$19.9M
$10.6M
Net Profit
$5.3M
$76.5M
Gross Margin
-126.4%
Operating Margin
32.2%
-152.8%
Net Margin
26.7%
721.7%
Revenue YoY
18.3%
10.4%
Net Profit YoY
127.4%
504.8%
EPS (diluted)
$0.65
$13.65

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
RENT
RENT
Q4 25
$10.6M
Q3 25
$19.9M
$11.7M
Q2 25
$20.5M
$7.6M
Q1 25
$18.0M
$11.8M
Q4 24
$17.5M
$9.6M
Q3 24
$16.8M
$10.4M
Q2 24
$16.8M
$8.9M
Q1 24
$16.8M
$10.4M
Net Profit
MBCN
MBCN
RENT
RENT
Q4 25
$76.5M
Q3 25
$5.3M
$-26.4M
Q2 25
$6.2M
$-26.1M
Q1 25
$4.8M
$-13.4M
Q4 24
$4.8M
$-18.9M
Q3 24
$2.3M
$-15.6M
Q2 24
$4.2M
$-22.0M
Q1 24
$4.2M
$-24.8M
Gross Margin
MBCN
MBCN
RENT
RENT
Q4 25
-126.4%
Q3 25
-92.3%
Q2 25
-168.4%
Q1 25
-71.2%
Q4 24
-122.9%
Q3 24
-98.1%
Q2 24
-131.5%
Q1 24
-93.3%
Operating Margin
MBCN
MBCN
RENT
RENT
Q4 25
-152.8%
Q3 25
32.2%
-171.8%
Q2 25
35.9%
-259.2%
Q1 25
31.9%
-65.3%
Q4 24
33.4%
-142.7%
Q3 24
16.1%
-92.3%
Q2 24
28.8%
-185.4%
Q1 24
29.4%
-185.6%
Net Margin
MBCN
MBCN
RENT
RENT
Q4 25
721.7%
Q3 25
26.7%
-225.6%
Q2 25
30.0%
-343.4%
Q1 25
26.8%
-113.6%
Q4 24
27.8%
-196.9%
Q3 24
13.9%
-150.0%
Q2 24
24.7%
-247.2%
Q1 24
24.9%
-238.5%
EPS (diluted)
MBCN
MBCN
RENT
RENT
Q4 25
$13.65
Q3 25
$0.65
$-6.55
Q2 25
$0.76
$-6.58
Q1 25
$0.60
$-2.72
Q4 24
$0.60
$-4.70
Q3 24
$0.29
$-4.17
Q2 24
$0.52
$-6.03
Q1 24
$0.51
$-5.36

Balance Sheet & Financial Strength

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

Metric
MBCN
MBCN
RENT
RENT
Cash + ST InvestmentsLiquidity on hand
$50.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$224.1M
$-35.1M
Total Assets
$2.0B
$231.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBCN
MBCN
RENT
RENT
Q4 25
$50.7M
Q3 25
$43.6M
Q2 25
$70.4M
Q1 25
$77.4M
Q4 24
$74.1M
Q3 24
$76.6M
Q2 24
$82.0M
Q1 24
$84.0M
Total Debt
MBCN
MBCN
RENT
RENT
Q4 25
Q3 25
Q2 25
$340.6M
Q1 25
$333.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
MBCN
MBCN
RENT
RENT
Q4 25
$-35.1M
Q3 25
$224.1M
$-232.1M
Q2 25
$216.1M
$-207.1M
Q1 25
$213.8M
$-182.5M
Q4 24
$210.6M
$-171.2M
Q3 24
$210.7M
$-154.5M
Q2 24
$206.8M
$-141.3M
Q1 24
$205.6M
$-122.3M
Total Assets
MBCN
MBCN
RENT
RENT
Q4 25
$231.0M
Q3 25
$2.0B
$219.0M
Q2 25
$1.9B
$245.3M
Q1 25
$1.9B
$240.0M
Q4 24
$1.9B
$251.6M
Q3 24
$1.9B
$257.4M
Q2 24
$1.8B
$278.4M
Q1 24
$1.8B
$278.5M

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
RENT
RENT
Operating Cash FlowLast quarter
$4.8M
$-1.4M
Free Cash FlowOCF − Capex
$3.4M
FCF MarginFCF / Revenue
17.0%
Capex IntensityCapex / Revenue
7.2%
Cash ConversionOCF / Net Profit
0.91×
-0.02×
TTM Free Cash FlowTrailing 4 quarters
$32.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBCN
MBCN
RENT
RENT
Q4 25
$-1.4M
Q3 25
$4.8M
$-10.5M
Q2 25
$4.8M
$8.3M
Q1 25
$8.0M
$1.4M
Q4 24
$17.5M
$4.7M
Q3 24
$6.0M
$2.2M
Q2 24
$3.4M
$4.6M
Q1 24
$5.4M
$-8.0M
Free Cash Flow
MBCN
MBCN
RENT
RENT
Q4 25
Q3 25
$3.4M
Q2 25
$4.2M
Q1 25
$7.7M
Q4 24
$16.7M
Q3 24
$5.8M
Q2 24
$3.3M
Q1 24
$5.3M
FCF Margin
MBCN
MBCN
RENT
RENT
Q4 25
Q3 25
17.0%
Q2 25
20.5%
Q1 25
42.9%
Q4 24
95.6%
Q3 24
34.7%
Q2 24
19.3%
Q1 24
31.9%
Capex Intensity
MBCN
MBCN
RENT
RENT
Q4 25
Q3 25
7.2%
Q2 25
3.0%
Q1 25
1.5%
Q4 24
4.4%
Q3 24
1.0%
Q2 24
0.6%
Q1 24
0.5%
Cash Conversion
MBCN
MBCN
RENT
RENT
Q4 25
-0.02×
Q3 25
0.91×
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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