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Side-by-side financial comparison of MIDDLEFIELD BANC CORP (MBCN) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $19.9M, roughly 1.5× MIDDLEFIELD BANC CORP). MIDDLEFIELD BANC CORP runs the higher net margin — 26.7% vs -12.9%, a 39.6% gap on every dollar of revenue. On growth, MIDDLEFIELD BANC CORP posted the faster year-over-year revenue change (18.3% vs -9.5%). MIDDLEFIELD BANC CORP produced more free cash flow last quarter ($3.4M vs $-1.5M). Over the past eight quarters, MIDDLEFIELD BANC CORP's revenue compounded faster (13.7% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

MBCN vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.5× larger
SYPR
$30.3M
$19.9M
MBCN
Growing faster (revenue YoY)
MBCN
MBCN
+27.7% gap
MBCN
18.3%
-9.5%
SYPR
Higher net margin
MBCN
MBCN
39.6% more per $
MBCN
26.7%
-12.9%
SYPR
More free cash flow
MBCN
MBCN
$4.9M more FCF
MBCN
$3.4M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
MBCN
MBCN
Annualised
MBCN
13.7%
-7.7%
SYPR

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
MBCN
MBCN
SYPR
SYPR
Revenue
$19.9M
$30.3M
Net Profit
$5.3M
$-3.9M
Gross Margin
4.6%
Operating Margin
32.2%
-10.9%
Net Margin
26.7%
-12.9%
Revenue YoY
18.3%
-9.5%
Net Profit YoY
127.4%
-2992.6%
EPS (diluted)
$0.65
$-0.17

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
SYPR
SYPR
Q4 25
$30.3M
Q3 25
$19.9M
$28.7M
Q2 25
$20.5M
$31.4M
Q1 25
$18.0M
$29.5M
Q4 24
$17.5M
$33.4M
Q3 24
$16.8M
$35.7M
Q2 24
$16.8M
$35.5M
Q1 24
$16.8M
$35.6M
Net Profit
MBCN
MBCN
SYPR
SYPR
Q4 25
$-3.9M
Q3 25
$5.3M
$517.0K
Q2 25
$6.2M
$-2.1M
Q1 25
$4.8M
$-899.0K
Q4 24
$4.8M
$135.0K
Q3 24
$2.3M
$390.0K
Q2 24
$4.2M
$16.0K
Q1 24
$4.2M
$-2.2M
Gross Margin
MBCN
MBCN
SYPR
SYPR
Q4 25
4.6%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
11.4%
Q4 24
16.1%
Q3 24
16.8%
Q2 24
15.9%
Q1 24
8.1%
Operating Margin
MBCN
MBCN
SYPR
SYPR
Q4 25
-10.9%
Q3 25
32.2%
-6.1%
Q2 25
35.9%
-4.6%
Q1 25
31.9%
-0.4%
Q4 24
33.4%
3.9%
Q3 24
16.1%
4.8%
Q2 24
28.8%
3.6%
Q1 24
29.4%
-3.9%
Net Margin
MBCN
MBCN
SYPR
SYPR
Q4 25
-12.9%
Q3 25
26.7%
1.8%
Q2 25
30.0%
-6.5%
Q1 25
26.8%
-3.0%
Q4 24
27.8%
0.4%
Q3 24
13.9%
1.1%
Q2 24
24.7%
0.0%
Q1 24
24.9%
-6.2%
EPS (diluted)
MBCN
MBCN
SYPR
SYPR
Q4 25
$-0.17
Q3 25
$0.65
$0.02
Q2 25
$0.76
$-0.09
Q1 25
$0.60
$-0.04
Q4 24
$0.60
$0.00
Q3 24
$0.29
$0.02
Q2 24
$0.52
$0.00
Q1 24
$0.51
$-0.10

Balance Sheet & Financial Strength

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

Metric
MBCN
MBCN
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$224.1M
$17.8M
Total Assets
$2.0B
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
MBCN
MBCN
SYPR
SYPR
Q4 25
$17.8M
Q3 25
$224.1M
$20.0M
Q2 25
$216.1M
$18.7M
Q1 25
$213.8M
$19.0M
Q4 24
$210.6M
$19.6M
Q3 24
$210.7M
$18.2M
Q2 24
$206.8M
$19.0M
Q1 24
$205.6M
$20.8M
Total Assets
MBCN
MBCN
SYPR
SYPR
Q4 25
$107.8M
Q3 25
$2.0B
$112.5M
Q2 25
$1.9B
$105.8M
Q1 25
$1.9B
$110.2M
Q4 24
$1.9B
$119.4M
Q3 24
$1.9B
$121.6M
Q2 24
$1.8B
$124.2M
Q1 24
$1.8B
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$4.8M
$-1.1M
Free Cash FlowOCF − Capex
$3.4M
$-1.5M
FCF MarginFCF / Revenue
17.0%
-5.0%
Capex IntensityCapex / Revenue
7.2%
1.3%
Cash ConversionOCF / Net Profit
0.91×
TTM Free Cash FlowTrailing 4 quarters
$32.0M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBCN
MBCN
SYPR
SYPR
Q4 25
$-1.1M
Q3 25
$4.8M
$-178.0K
Q2 25
$4.8M
$1.1M
Q1 25
$8.0M
$-5.5M
Q4 24
$17.5M
$2.3M
Q3 24
$6.0M
$-4.8M
Q2 24
$3.4M
$6.2M
Q1 24
$5.4M
$-1.7M
Free Cash Flow
MBCN
MBCN
SYPR
SYPR
Q4 25
$-1.5M
Q3 25
$3.4M
$-390.0K
Q2 25
$4.2M
$941.0K
Q1 25
$7.7M
$-5.5M
Q4 24
$16.7M
$1.9M
Q3 24
$5.8M
$-4.9M
Q2 24
$3.3M
$6.0M
Q1 24
$5.3M
$-2.0M
FCF Margin
MBCN
MBCN
SYPR
SYPR
Q4 25
-5.0%
Q3 25
17.0%
-1.4%
Q2 25
20.5%
3.0%
Q1 25
42.9%
-18.8%
Q4 24
95.6%
5.7%
Q3 24
34.7%
-13.8%
Q2 24
19.3%
16.8%
Q1 24
31.9%
-5.7%
Capex Intensity
MBCN
MBCN
SYPR
SYPR
Q4 25
1.3%
Q3 25
7.2%
0.7%
Q2 25
3.0%
0.5%
Q1 25
1.5%
0.0%
Q4 24
4.4%
1.2%
Q3 24
1.0%
0.4%
Q2 24
0.6%
0.5%
Q1 24
0.5%
0.9%
Cash Conversion
MBCN
MBCN
SYPR
SYPR
Q4 25
Q3 25
0.91×
-0.34×
Q2 25
0.78×
Q1 25
1.66×
Q4 24
3.60×
17.13×
Q3 24
2.57×
-12.21×
Q2 24
0.81×
385.25×
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.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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