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Side-by-side financial comparison of Merchants Bancorp (MBIN) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.
Orion Group Holdings Inc is the larger business by last-quarter revenue ($216.3M vs $175.2M, roughly 1.2× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs 2.2%, a 36.5% gap on every dollar of revenue. Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% CAGR vs 4.8%).
Ameris Bancorp is an American bank holding company headquartered in Atlanta, Georgia. Through its bank subsidiary, Ameris Bank, the company operates full-service branches in Georgia, Alabama, Florida, North Carolina and South Carolina, and mortgage-only locations in Georgia, Alabama, Florida, North Carolina, South Carolina, Virginia, Maryland, and Tennessee. The company offers online and mobile banking options for both consumers and businesses.
Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.
MBIN vs ORN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $216.3M |
| Net Profit | $67.7M | $4.7M |
| Gross Margin | — | 12.0% |
| Operating Margin | — | — |
| Net Margin | 38.6% | 2.2% |
| Revenue YoY | — | 14.6% |
| Net Profit YoY | 16.3% | 435.7% |
| EPS (diluted) | $1.25 | $0.12 |
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.
| Q1 26 | $175.2M | $216.3M | ||
| Q4 25 | $185.3M | $233.2M | ||
| Q3 25 | $171.1M | $225.1M | ||
| Q2 25 | $179.2M | $205.3M | ||
| Q1 25 | $145.9M | $188.7M | ||
| Q4 24 | $193.8M | $216.9M | ||
| Q3 24 | $149.6M | $226.7M | ||
| Q2 24 | $159.5M | $192.2M |
| Q1 26 | $67.7M | $4.7M | ||
| Q4 25 | — | $-240.0K | ||
| Q3 25 | $54.7M | $3.3M | ||
| Q2 25 | $38.0M | $841.0K | ||
| Q1 25 | $58.2M | $-1.4M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $61.3M | $4.3M | ||
| Q2 24 | $76.4M | $-6.6M |
| Q1 26 | — | 12.0% | ||
| Q4 25 | — | 11.6% | ||
| Q3 25 | — | 13.2% | ||
| Q2 25 | — | 12.6% | ||
| Q1 25 | — | 12.2% | ||
| Q4 24 | — | 14.0% | ||
| Q3 24 | — | 11.9% | ||
| Q2 24 | — | 9.5% |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 2.2% | ||
| Q3 25 | 37.8% | 2.4% | ||
| Q2 25 | 27.3% | 1.7% | ||
| Q1 25 | 52.4% | 0.4% | ||
| Q4 24 | 66.0% | 4.4% | ||
| Q3 24 | 54.4% | 3.4% | ||
| Q2 24 | 62.2% | -1.4% |
| Q1 26 | 38.6% | 2.2% | ||
| Q4 25 | — | -0.1% | ||
| Q3 25 | 32.0% | 1.5% | ||
| Q2 25 | 21.2% | 0.4% | ||
| Q1 25 | 39.9% | -0.7% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | 41.0% | 1.9% | ||
| Q2 24 | 47.9% | -3.4% |
| Q1 26 | $1.25 | $0.12 | ||
| Q4 25 | $1.28 | $-0.00 | ||
| Q3 25 | $0.97 | $0.08 | ||
| Q2 25 | $0.60 | $0.02 | ||
| Q1 25 | $0.93 | $-0.04 | ||
| Q4 24 | $1.84 | $0.22 | ||
| Q3 24 | $1.17 | $0.12 | ||
| Q2 24 | $1.49 | $-0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $83.2M | $6.3M |
| Total DebtLower is stronger | $32.0M | — |
| Stockholders' EquityBook value | $2.3B | $166.7M |
| Total Assets | $20.3B | $478.7M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | $6.3M | ||
| Q4 25 | — | $1.6M | ||
| Q3 25 | — | $4.9M | ||
| Q2 25 | — | $1.7M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $28.3M | ||
| Q3 24 | — | $28.3M | ||
| Q2 24 | — | $4.8M |
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $33.4M | ||
| Q1 25 | — | $23.3M | ||
| Q4 24 | — | $23.2M | ||
| Q3 24 | — | $28.0M | ||
| Q2 24 | — | $60.3M |
| Q1 26 | $2.3B | $166.7M | ||
| Q4 25 | $2.3B | $159.0M | ||
| Q3 25 | $2.2B | $157.9M | ||
| Q2 25 | $2.2B | $153.2M | ||
| Q1 25 | $2.2B | $150.8M | ||
| Q4 24 | $2.2B | $150.7M | ||
| Q3 24 | $1.9B | $142.4M | ||
| Q2 24 | $1.9B | $111.1M |
| Q1 26 | $20.3B | $478.7M | ||
| Q4 25 | $19.4B | $414.7M | ||
| Q3 25 | $19.4B | $422.4M | ||
| Q2 25 | $19.1B | $432.7M | ||
| Q1 25 | $18.8B | $416.3M | ||
| Q4 24 | $18.8B | $417.3M | ||
| Q3 24 | $18.7B | $430.3M | ||
| Q2 24 | $18.2B | $414.0M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.22× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | — | 0.15× | ||
| Q3 24 | — | 0.20× | ||
| Q2 24 | — | 0.54× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MBIN
| Net Interest Income | $128.6M | 73% |
| Noninterest Income | $46.6M | 27% |
ORN
Segment breakdown not available.
