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Side-by-side financial comparison of Merchants Bancorp (MBIN) and SITIME Corp (SITM). Click either name above to swap in a different company.
Merchants Bancorp is the larger business by last-quarter revenue ($175.2M vs $113.3M, roughly 1.5× SITIME Corp). Merchants Bancorp runs the higher net margin — 38.6% vs 8.1%, a 30.6% gap on every dollar of revenue. Over the past eight quarters, SITIME Corp's revenue compounded faster (85.2% 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.
SiTime Corporation is a publicly traded fabless chipmaker based in Santa Clara, California that develops micro-electromechanical systems (MEMS), used for timing devices in electronics.
MBIN vs SITM — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $113.3M |
| Net Profit | $67.7M | $9.2M |
| Gross Margin | — | 56.4% |
| Operating Margin | — | 1.6% |
| Net Margin | 38.6% | 8.1% |
| Revenue YoY | — | 66.3% |
| Net Profit YoY | 16.3% | 148.7% |
| EPS (diluted) | $1.25 | $0.44 |
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 | $113.3M | ||
| Q3 25 | $171.1M | $83.6M | ||
| Q2 25 | $179.2M | $69.5M | ||
| Q1 25 | $145.9M | $60.3M | ||
| Q4 24 | $193.8M | $68.1M | ||
| Q3 24 | $149.6M | $57.7M | ||
| Q2 24 | $159.5M | $43.9M |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | $9.2M | ||
| Q3 25 | $54.7M | $-8.0M | ||
| Q2 25 | $38.0M | $-20.2M | ||
| Q1 25 | $58.2M | $-23.9M | ||
| Q4 24 | — | $-18.8M | ||
| Q3 24 | $61.3M | $-19.3M | ||
| Q2 24 | $76.4M | $-26.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | 56.4% | ||
| Q3 25 | — | 53.5% | ||
| Q2 25 | — | 51.9% | ||
| Q1 25 | — | 50.3% | ||
| Q4 24 | — | 52.6% | ||
| Q3 24 | — | 51.1% | ||
| Q2 24 | — | 49.1% |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | 1.6% | ||
| Q3 25 | 37.8% | -19.2% | ||
| Q2 25 | 27.3% | -35.4% | ||
| Q1 25 | 52.4% | -46.6% | ||
| Q4 24 | 66.0% | -33.8% | ||
| Q3 24 | 54.4% | -43.1% | ||
| Q2 24 | 62.2% | -73.7% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | 8.1% | ||
| Q3 25 | 32.0% | -9.6% | ||
| Q2 25 | 21.2% | -29.0% | ||
| Q1 25 | 39.9% | -39.6% | ||
| Q4 24 | — | -27.6% | ||
| Q3 24 | 41.0% | -33.5% | ||
| Q2 24 | 47.9% | -61.0% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | $0.44 | ||
| Q3 25 | $0.97 | $-0.31 | ||
| Q2 25 | $0.60 | $-0.84 | ||
| Q1 25 | $0.93 | $-1.01 | ||
| Q4 24 | $1.84 | $-0.80 | ||
| Q3 24 | $1.17 | $-0.83 | ||
| Q2 24 | $1.49 | $-1.16 |
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 | — |
| Total DebtLower is stronger | $32.0M | — |
| Stockholders' EquityBook value | $2.3B | $1.2B |
| Total Assets | $20.3B | $1.3B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| 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 | $1.2B | ||
| Q3 25 | $2.2B | $1.1B | ||
| Q2 25 | $2.2B | $1.1B | ||
| Q1 25 | $2.2B | $692.5M | ||
| Q4 24 | $2.2B | $699.7M | ||
| Q3 24 | $1.9B | $696.2M | ||
| Q2 24 | $1.9B | $692.5M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | $1.3B | ||
| Q3 25 | $19.4B | $1.3B | ||
| Q2 25 | $19.1B | $1.3B | ||
| Q1 25 | $18.8B | $872.1M | ||
| Q4 24 | $18.8B | $885.0M | ||
| Q3 24 | $18.7B | $877.9M | ||
| Q2 24 | $18.2B | $878.6M |
| 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 | — | $25.4M |
| Free Cash FlowOCF − Capex | — | $13.0M |
| FCF MarginFCF / Revenue | — | 11.5% |
| Capex IntensityCapex / Revenue | — | 10.9% |
| Cash ConversionOCF / Net Profit | — | 2.77× |
| TTM Free Cash FlowTrailing 4 quarters | — | $35.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | $25.4M | ||
| Q3 25 | $29.8M | $31.4M | ||
| Q2 25 | $-121.2M | $15.3M | ||
| Q1 25 | $148.0M | $15.0M | ||
| Q4 24 | $-835.3M | $13.5M | ||
| Q3 24 | $-492.6M | $8.2M | ||
| Q2 24 | $51.1M | $-181.0K |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | $13.0M | ||
| Q3 25 | $24.0M | $26.3M | ||
| Q2 25 | $-125.7M | $-2.9M | ||
| Q1 25 | $141.2M | $-1.3M | ||
| Q4 24 | $-853.7M | $-2.4M | ||
| Q3 24 | $-497.2M | $-6.7M | ||
| Q2 24 | $45.8M | $-2.7M |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | 11.5% | ||
| Q3 25 | 14.0% | 31.5% | ||
| Q2 25 | -70.1% | -4.2% | ||
| Q1 25 | 96.8% | -2.1% | ||
| Q4 24 | -440.6% | -3.5% | ||
| Q3 24 | -332.4% | -11.6% | ||
| Q2 24 | 28.7% | -6.3% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | 10.9% | ||
| Q3 25 | 3.4% | 6.1% | ||
| Q2 25 | 2.5% | 26.2% | ||
| Q1 25 | 4.7% | 27.0% | ||
| Q4 24 | 9.5% | 23.3% | ||
| Q3 24 | 3.0% | 25.7% | ||
| Q2 24 | 3.3% | 5.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.77× | ||
| Q3 25 | 0.54× | — | ||
| Q2 25 | -3.19× | — | ||
| Q1 25 | 2.54× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -8.04× | — | ||
| Q2 24 | 0.67× | — |
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% |
SITM
Segment breakdown not available.
