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Side-by-side financial comparison of Merchants Bancorp (MBIN) and ONESPAWORLD HOLDINGS Ltd (OSW). Click either name above to swap in a different company.
ONESPAWORLD HOLDINGS Ltd is the larger business by last-quarter revenue ($242.1M vs $175.2M, roughly 1.4× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs 5.0%, a 33.7% gap on every dollar of revenue. Over the past eight quarters, ONESPAWORLD HOLDINGS Ltd's revenue compounded faster (7.1% 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.
MBIN vs OSW — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $242.1M |
| Net Profit | $67.7M | $12.1M |
| Gross Margin | — | — |
| Operating Margin | — | 6.8% |
| Net Margin | 38.6% | 5.0% |
| Revenue YoY | — | 11.5% |
| Net Profit YoY | 16.3% | -16.2% |
| 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 | — | ||
| Q4 25 | $185.3M | $242.1M | ||
| Q3 25 | $171.1M | $258.5M | ||
| Q2 25 | $179.2M | $240.7M | ||
| Q1 25 | $145.9M | $219.6M | ||
| Q4 24 | $193.8M | $217.2M | ||
| Q3 24 | $149.6M | $241.7M | ||
| Q2 24 | $159.5M | $224.9M |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $12.1M | ||
| Q3 25 | $54.7M | $24.3M | ||
| Q2 25 | $38.0M | $19.9M | ||
| Q1 25 | $58.2M | $15.3M | ||
| Q4 24 | — | $14.4M | ||
| Q3 24 | $61.3M | $21.6M | ||
| Q2 24 | $76.4M | $15.8M |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 6.8% | ||
| Q3 25 | 37.8% | 10.2% | ||
| Q2 25 | 27.3% | 9.2% | ||
| Q1 25 | 52.4% | 7.7% | ||
| Q4 24 | 66.0% | 7.9% | ||
| Q3 24 | 54.4% | 10.3% | ||
| Q2 24 | 62.2% | 8.4% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | 32.0% | 9.4% | ||
| Q2 25 | 21.2% | 8.3% | ||
| Q1 25 | 39.9% | 7.0% | ||
| Q4 24 | — | 6.6% | ||
| Q3 24 | 41.0% | 8.9% | ||
| Q2 24 | 47.9% | 7.0% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | $0.12 | ||
| Q3 25 | $0.97 | $0.23 | ||
| Q2 25 | $0.60 | $0.19 | ||
| Q1 25 | $0.93 | $0.15 | ||
| Q4 24 | $1.84 | $0.13 | ||
| Q3 24 | $1.17 | $0.20 | ||
| Q2 24 | $1.49 | $0.15 |
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 | $16.3M |
| Total DebtLower is stronger | $32.0M | $84.0M |
| Stockholders' EquityBook value | $2.3B | $542.6M |
| Total Assets | $20.3B | $707.1M |
| Debt / EquityLower = less leverage | 0.01× | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | $16.3M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $35.0M | ||
| Q1 25 | — | $22.6M | ||
| Q4 24 | — | $57.4M | ||
| Q3 24 | — | $48.8M | ||
| Q2 24 | — | $62.5M |
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | $84.0M | ||
| Q3 25 | — | $85.2M | ||
| Q2 25 | — | $96.2M | ||
| Q1 25 | — | $97.4M | ||
| Q4 24 | — | $98.6M | ||
| Q3 24 | — | $98.7M | ||
| Q2 24 | — | $123.8M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $542.6M | ||
| Q3 25 | $2.2B | $552.8M | ||
| Q2 25 | $2.2B | $548.3M | ||
| Q1 25 | $2.2B | $530.6M | ||
| Q4 24 | $2.2B | $554.5M | ||
| Q3 24 | $1.9B | $540.1M | ||
| Q2 24 | $1.9B | $532.7M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | $707.1M | ||
| Q3 25 | $19.4B | $732.6M | ||
| Q2 25 | $19.1B | $731.8M | ||
| Q1 25 | $18.8B | $708.7M | ||
| Q4 24 | $18.8B | $746.4M | ||
| Q3 24 | $18.7B | $734.0M | ||
| Q2 24 | $18.2B | $756.8M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.18× | ||
| Q1 25 | — | 0.18× | ||
| Q4 24 | — | 0.18× | ||
| Q3 24 | — | 0.18× | ||
| Q2 24 | — | 0.23× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $20.0M |
| Free Cash FlowOCF − Capex | — | $14.9M |
| FCF MarginFCF / Revenue | — | 6.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $68.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | $20.0M | ||
| Q3 25 | $29.8M | $33.2M | ||
| Q2 25 | $-121.2M | $20.3M | ||
| Q1 25 | $148.0M | $10.1M | ||
| Q4 24 | $-835.3M | $16.6M | ||
| Q3 24 | $-492.6M | $28.6M | ||
| Q2 24 | $51.1M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | $14.9M | ||
| Q3 25 | $24.0M | $27.6M | ||
| Q2 25 | $-125.7M | $17.6M | ||
| Q1 25 | $141.2M | $8.4M | ||
| Q4 24 | $-853.7M | $13.2M | ||
| Q3 24 | $-497.2M | $27.5M | ||
| Q2 24 | $45.8M | $17.6M |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | 6.2% | ||
| Q3 25 | 14.0% | 10.7% | ||
| Q2 25 | -70.1% | 7.3% | ||
| Q1 25 | 96.8% | 3.8% | ||
| Q4 24 | -440.6% | 6.1% | ||
| Q3 24 | -332.4% | 11.4% | ||
| Q2 24 | 28.7% | 7.8% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 2.1% | ||
| Q3 25 | 3.4% | 2.2% | ||
| Q2 25 | 2.5% | 1.1% | ||
| Q1 25 | 4.7% | 0.8% | ||
| Q4 24 | 9.5% | 1.5% | ||
| Q3 24 | 3.0% | 0.5% | ||
| Q2 24 | 3.3% | 0.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.65× | ||
| Q3 25 | 0.54× | 1.36× | ||
| Q2 25 | -3.19× | 1.02× | ||
| Q1 25 | 2.54× | 0.66× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | -8.04× | 1.33× | ||
| Q2 24 | 0.67× | 1.19× |
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% |
OSW
| Services | $197.3M | 82% |
| Products | $44.8M | 18% |
