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Side-by-side financial comparison of Merchants Bancorp (MBIN) and STURM RUGER & CO INC (RGR). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $151.1M, roughly 1.2× STURM RUGER & CO INC). Over the past eight quarters, STURM RUGER & CO INC's revenue compounded faster (5.1% 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.
Sturm, Ruger & Company, Inc., better known by the shortened name Ruger, is an American firearm manufacturing company based in Southport, Connecticut, with production facilities also in Newport, New Hampshire; Mayodan, North Carolina; and Prescott, Arizona. The company was founded in 1949 by Alexander McCormick Sturm and William B. Ruger and has been publicly traded since 1969.
MBIN vs RGR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $151.1M |
| Net Profit | $67.7M | — |
| Gross Margin | — | 17.8% |
| Operating Margin | — | 2.3% |
| Net Margin | 38.6% | — |
| Revenue YoY | — | 3.6% |
| Net Profit YoY | 16.3% | — |
| EPS (diluted) | $1.25 | $0.22 |
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 | $151.1M | ||
| Q3 25 | $171.1M | $126.8M | ||
| Q2 25 | $179.2M | $132.5M | ||
| Q1 25 | $145.9M | $135.7M | ||
| Q4 24 | $193.8M | $145.8M | ||
| Q3 24 | $149.6M | $122.3M | ||
| Q2 24 | $159.5M | $130.8M |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $54.7M | $1.6M | ||
| Q2 25 | $38.0M | $-17.2M | ||
| Q1 25 | $58.2M | $7.8M | ||
| Q4 24 | — | — | ||
| Q3 24 | $61.3M | $4.7M | ||
| Q2 24 | $76.4M | $8.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 17.8% | ||
| Q3 25 | — | 15.1% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 22.0% | ||
| Q4 24 | — | 22.8% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 22.3% |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 2.3% | ||
| Q3 25 | 37.8% | -2.7% | ||
| Q2 25 | 27.3% | -15.6% | ||
| Q1 25 | 52.4% | 6.2% | ||
| Q4 24 | 66.0% | 7.8% | ||
| Q3 24 | 54.4% | 3.1% | ||
| Q2 24 | 62.2% | 6.9% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 32.0% | 1.2% | ||
| Q2 25 | 21.2% | -13.0% | ||
| Q1 25 | 39.9% | 5.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | 41.0% | 3.9% | ||
| Q2 24 | 47.9% | 6.3% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | $0.22 | ||
| Q3 25 | $0.97 | $0.10 | ||
| Q2 25 | $0.60 | $-1.05 | ||
| Q1 25 | $0.93 | $0.46 | ||
| Q4 24 | $1.84 | $0.62 | ||
| Q3 24 | $1.17 | $0.28 | ||
| Q2 24 | $1.49 | $0.47 |
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 | $92.5M |
| Total DebtLower is stronger | $32.0M | — |
| Stockholders' EquityBook value | $2.3B | $283.8M |
| Total Assets | $20.3B | $342.0M |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | $92.5M | ||
| Q3 25 | — | $80.8M | ||
| Q2 25 | — | $101.4M | ||
| Q1 25 | — | $108.3M | ||
| Q4 24 | — | $105.5M | ||
| Q3 24 | — | $96.0M | ||
| Q2 24 | — | $105.6M |
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | $283.8M | ||
| Q3 25 | $2.2B | $279.6M | ||
| Q2 25 | $2.2B | $289.3M | ||
| Q1 25 | $2.2B | $321.5M | ||
| Q4 24 | $2.2B | $319.6M | ||
| Q3 24 | $1.9B | $314.9M | ||
| Q2 24 | $1.9B | $321.5M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | $342.0M | ||
| Q3 25 | $19.4B | $342.3M | ||
| Q2 25 | $19.1B | $349.5M | ||
| Q1 25 | $18.8B | $379.0M | ||
| Q4 24 | $18.8B | $384.0M | ||
| Q3 24 | $18.7B | $373.5M | ||
| Q2 24 | $18.2B | $376.7M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $15.5M |
| Free Cash FlowOCF − Capex | — | $12.3M |
| FCF MarginFCF / Revenue | — | 8.2% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $38.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | $15.5M | ||
| Q3 25 | $29.8M | $12.9M | ||
| Q2 25 | $-121.2M | $14.7M | ||
| Q1 25 | $148.0M | $11.1M | ||
| Q4 24 | $-835.3M | $20.0M | ||
| Q3 24 | $-492.6M | $9.4M | ||
| Q2 24 | $51.1M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | $12.3M | ||
| Q3 25 | $24.0M | $7.0M | ||
| Q2 25 | $-125.7M | $9.1M | ||
| Q1 25 | $141.2M | $10.0M | ||
| Q4 24 | $-853.7M | $16.4M | ||
| Q3 24 | $-497.2M | $2.6M | ||
| Q2 24 | $45.8M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | 8.2% | ||
| Q3 25 | 14.0% | 5.5% | ||
| Q2 25 | -70.1% | 6.9% | ||
| Q1 25 | 96.8% | 7.4% | ||
| Q4 24 | -440.6% | 11.2% | ||
| Q3 24 | -332.4% | 2.1% | ||
| Q2 24 | 28.7% | 7.7% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 2.1% | ||
| Q3 25 | 3.4% | 4.6% | ||
| Q2 25 | 2.5% | 4.2% | ||
| Q1 25 | 4.7% | 0.8% | ||
| Q4 24 | 9.5% | 2.5% | ||
| Q3 24 | 3.0% | 5.5% | ||
| Q2 24 | 3.3% | 6.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.54× | 8.15× | ||
| Q2 25 | -3.19× | — | ||
| Q1 25 | 2.54× | 1.43× | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.04× | 1.98× | ||
| Q2 24 | 0.67× | 2.27× |
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% |
RGR
| Firearms | $150.6M | 100% |
| Castings | $7.3M | 5% |
