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Side-by-side financial comparison of Merchants Bancorp (MBIN) and SunOpta Inc. (STKL). Click either name above to swap in a different company.
SunOpta Inc. is the larger business by last-quarter revenue ($205.4M vs $175.2M, roughly 1.2× Merchants Bancorp). Merchants Bancorp runs the higher net margin — 38.6% vs 0.4%, a 38.3% gap on every dollar of revenue. Over the past eight quarters, SunOpta Inc.'s revenue compounded faster (7.4% 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.
SunOpta, Inc. is a multi-national food and mineral company headquartered in Eden Prairie, Minnesota and founded in 1973 in Canada.
MBIN vs STKL — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.2M | $205.4M |
| Net Profit | $67.7M | $816.0K |
| Gross Margin | — | 12.4% |
| Operating Margin | — | 3.3% |
| Net Margin | 38.6% | 0.4% |
| Revenue YoY | — | 16.6% |
| Net Profit YoY | 16.3% | 113.1% |
| EPS (diluted) | $1.25 | $0.01 |
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 | — | ||
| Q3 25 | $171.1M | $205.4M | ||
| Q2 25 | $179.2M | $191.5M | ||
| Q1 25 | $145.9M | $201.6M | ||
| Q4 24 | $193.8M | $193.9M | ||
| Q3 24 | $149.6M | $175.9M | ||
| Q2 24 | $159.5M | $169.5M |
| Q1 26 | $67.7M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $54.7M | $816.0K | ||
| Q2 25 | $38.0M | $4.4M | ||
| Q1 25 | $58.2M | $4.8M | ||
| Q4 24 | — | $-8.7M | ||
| Q3 24 | $61.3M | $-6.2M | ||
| Q2 24 | $76.4M | $-5.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 12.4% | ||
| Q2 25 | — | 14.8% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | — | 10.9% | ||
| Q3 24 | — | 13.0% | ||
| Q2 24 | — | 12.5% |
| Q1 26 | — | — | ||
| Q4 25 | 39.9% | — | ||
| Q3 25 | 37.8% | 3.3% | ||
| Q2 25 | 27.3% | 5.5% | ||
| Q1 25 | 52.4% | 5.2% | ||
| Q4 24 | 66.0% | 1.4% | ||
| Q3 24 | 54.4% | 0.5% | ||
| Q2 24 | 62.2% | 1.2% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 32.0% | 0.4% | ||
| Q2 25 | 21.2% | 2.3% | ||
| Q1 25 | 39.9% | 2.4% | ||
| Q4 24 | — | -4.5% | ||
| Q3 24 | 41.0% | -3.5% | ||
| Q2 24 | 47.9% | -3.1% |
| Q1 26 | $1.25 | — | ||
| Q4 25 | $1.28 | — | ||
| Q3 25 | $0.97 | $0.01 | ||
| Q2 25 | $0.60 | $0.03 | ||
| Q1 25 | $0.93 | $0.04 | ||
| Q4 24 | $1.84 | $-0.08 | ||
| Q3 24 | $1.17 | $-0.05 | ||
| Q2 24 | $1.49 | $-0.04 |
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 | $2.2M |
| Total DebtLower is stronger | $32.0M | $250.8M |
| Stockholders' EquityBook value | $2.3B | $162.8M |
| Total Assets | $20.3B | $694.1M |
| Debt / EquityLower = less leverage | 0.01× | 1.54× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $83.2M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $2.2M | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $2.3M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $2.9M | ||
| Q2 24 | — | $3.2M |
| Q1 26 | $32.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $250.8M | ||
| Q2 25 | — | $263.3M | ||
| Q1 25 | — | $260.6M | ||
| Q4 24 | — | $265.2M | ||
| Q3 24 | — | $289.9M | ||
| Q2 24 | — | $303.1M |
| Q1 26 | $2.3B | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.2B | $162.8M | ||
| Q2 25 | $2.2B | $159.8M | ||
| Q1 25 | $2.2B | $154.8M | ||
| Q4 24 | $2.2B | $148.6M | ||
| Q3 24 | $1.9B | $155.0M | ||
| Q2 24 | $1.9B | $158.8M |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $19.4B | — | ||
| Q3 25 | $19.4B | $694.1M | ||
| Q2 25 | $19.1B | $704.9M | ||
| Q1 25 | $18.8B | $690.7M | ||
| Q4 24 | $18.8B | $668.5M | ||
| Q3 24 | $18.7B | $699.3M | ||
| Q2 24 | $18.2B | $704.7M |
| Q1 26 | 0.01× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 1.54× | ||
| Q2 25 | — | 1.65× | ||
| Q1 25 | — | 1.68× | ||
| Q4 24 | — | 1.78× | ||
| Q3 24 | — | 1.87× | ||
| Q2 24 | — | 1.91× |
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 | — | $16.3M |
| Free Cash FlowOCF − Capex | — | $12.1M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 2.1% |
| Cash ConversionOCF / Net Profit | — | 20.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | $36.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-341.2M | — | ||
| Q3 25 | $29.8M | $16.3M | ||
| Q2 25 | $-121.2M | $-4.5M | ||
| Q1 25 | $148.0M | $22.3M | ||
| Q4 24 | $-835.3M | $33.1M | ||
| Q3 24 | $-492.6M | $17.2M | ||
| Q2 24 | $51.1M | $-5.6M |
| Q1 26 | — | — | ||
| Q4 25 | $-362.2M | — | ||
| Q3 25 | $24.0M | $12.1M | ||
| Q2 25 | $-125.7M | $-9.2M | ||
| Q1 25 | $141.2M | $9.5M | ||
| Q4 24 | $-853.7M | $24.0M | ||
| Q3 24 | $-497.2M | $11.7M | ||
| Q2 24 | $45.8M | $-15.3M |
| Q1 26 | — | — | ||
| Q4 25 | -195.5% | — | ||
| Q3 25 | 14.0% | 5.9% | ||
| Q2 25 | -70.1% | -4.8% | ||
| Q1 25 | 96.8% | 4.7% | ||
| Q4 24 | -440.6% | 12.4% | ||
| Q3 24 | -332.4% | 6.6% | ||
| Q2 24 | 28.7% | -9.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.3% | — | ||
| Q3 25 | 3.4% | 2.1% | ||
| Q2 25 | 2.5% | 2.5% | ||
| Q1 25 | 4.7% | 6.3% | ||
| Q4 24 | 9.5% | 4.7% | ||
| Q3 24 | 3.0% | 3.2% | ||
| Q2 24 | 3.3% | 5.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.54× | 20.03× | ||
| Q2 25 | -3.19× | -1.03× | ||
| Q1 25 | 2.54× | 4.63× | ||
| 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% |
STKL
| Beverages And Broths | $161.4M | 79% |
| Fruit Snacks | $40.9M | 20% |
| Ingredients | $3.1M | 2% |
