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Side-by-side financial comparison of MERCANTILE BANK CORP (MBWM) and MACROGENICS INC (MGNX). Click either name above to swap in a different company.

MERCANTILE BANK CORP is the larger business by last-quarter revenue ($67.6M vs $41.2M, roughly 1.6× MACROGENICS INC). Over the past eight quarters, MACROGENICS INC's revenue compounded faster (112.8% CAGR vs 9.1%).

Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 600 full branches throughout India, 12 regional offices and two link offices, two central processing centres, one service branch, four currency chests, 48 eLobby centres, 262 cash recycler machines and 1151 automated ...

MacroGenics Inc is a clinical-stage biopharmaceutical firm specializing in the research and development of novel immunotherapies for cancer and autoimmune disorders. Its core product pipeline centers on monoclonal antibody-based treatments, with key programs targeting solid tumors and hematological malignancies, supported by partnerships with global pharmaceutical partners.

MBWM vs MGNX — Head-to-Head

Bigger by revenue
MBWM
MBWM
1.6× larger
MBWM
$67.6M
$41.2M
MGNX
Faster 2-yr revenue CAGR
MGNX
MGNX
Annualised
MGNX
112.8%
9.1%
MBWM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MBWM
MBWM
MGNX
MGNX
Revenue
$67.6M
$41.2M
Net Profit
$22.7M
Gross Margin
Operating Margin
-29.3%
Net Margin
33.6%
Revenue YoY
113.0%
Net Profit YoY
16.1%
EPS (diluted)
$1.32
$-0.23

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.

Revenue
MBWM
MBWM
MGNX
MGNX
Q1 26
$67.6M
Q4 25
$62.1M
$41.2M
Q3 25
$62.4M
$72.8M
Q2 25
$60.9M
$22.2M
Q1 25
$57.3M
$13.2M
Q4 24
$58.5M
$19.4M
Q3 24
$58.0M
$110.7M
Q2 24
$56.8M
$10.8M
Net Profit
MBWM
MBWM
MGNX
MGNX
Q1 26
$22.7M
Q4 25
$22.8M
Q3 25
$23.8M
$16.8M
Q2 25
$22.6M
$-36.3M
Q1 25
$19.5M
$-41.0M
Q4 24
$19.6M
Q3 24
$19.6M
$56.3M
Q2 24
$18.8M
$-55.7M
Gross Margin
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
98.8%
Q3 24
99.8%
Q2 24
98.4%
Operating Margin
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
42.0%
-29.3%
Q3 25
44.0%
25.6%
Q2 25
42.6%
-165.3%
Q1 25
42.0%
-323.1%
Q4 24
39.7%
-273.0%
Q3 24
42.4%
48.9%
Q2 24
41.4%
-538.9%
Net Margin
MBWM
MBWM
MGNX
MGNX
Q1 26
33.6%
Q4 25
36.8%
Q3 25
38.1%
23.1%
Q2 25
37.1%
-163.0%
Q1 25
34.1%
-311.1%
Q4 24
33.5%
Q3 24
33.8%
50.9%
Q2 24
33.1%
-515.6%
EPS (diluted)
MBWM
MBWM
MGNX
MGNX
Q1 26
$1.32
Q4 25
$1.41
$-0.23
Q3 25
$1.46
$0.27
Q2 25
$1.39
$-0.57
Q1 25
$1.21
$-0.65
Q4 24
$1.20
$-0.24
Q3 24
$1.22
$0.90
Q2 24
$1.17
$-0.89

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MBWM
MBWM
MGNX
MGNX
Cash + ST InvestmentsLiquidity on hand
$57.2M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$736.9M
$55.6M
Total Assets
$6.9B
$256.8M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
$57.2M
Q3 25
$80.1M
Q2 25
$130.7M
Q1 25
$145.6M
Q4 24
$182.8M
Q3 24
$179.6M
Q2 24
$83.9M
Total Debt
MBWM
MBWM
MGNX
MGNX
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MBWM
MBWM
MGNX
MGNX
Q1 26
$736.9M
Q4 25
$724.9M
$55.6M
Q3 25
$657.6M
$67.0M
Q2 25
$631.5M
$46.6M
Q1 25
$608.3M
$79.1M
Q4 24
$584.5M
$116.1M
Q3 24
$583.3M
$120.1M
Q2 24
$551.2M
$57.8M
Total Assets
MBWM
MBWM
MGNX
MGNX
Q1 26
$6.9B
Q4 25
$6.8B
$256.8M
Q3 25
$6.3B
$270.8M
Q2 25
$6.2B
$245.4M
Q1 25
$6.1B
$224.6M
Q4 24
$6.1B
$261.7M
Q3 24
$5.9B
$264.5M
Q2 24
$5.6B
$201.1M
Debt / Equity
MBWM
MBWM
MGNX
MGNX
Q1 26
0.00×
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
MBWM
MBWM
MGNX
MGNX
Operating Cash FlowLast quarter
$43.0M
Free Cash FlowOCF − Capex
$42.8M
FCF MarginFCF / Revenue
103.8%
Capex IntensityCapex / Revenue
0.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-83.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
$18.0M
$43.0M
Q3 25
$23.1M
$-30.2M
Q2 25
$-7.8M
$-47.0M
Q1 25
$-3.0M
$-46.9M
Q4 24
$101.1M
$-38.4M
Q3 24
$-8.1M
$60.2M
Q2 24
$9.1M
$-44.5M
Free Cash Flow
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
$42.8M
Q3 25
$-30.6M
Q2 25
$-47.7M
Q1 25
$-47.4M
Q4 24
$-39.0M
Q3 24
$59.6M
Q2 24
$-45.5M
FCF Margin
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
103.8%
Q3 25
-42.0%
Q2 25
-214.5%
Q1 25
-359.5%
Q4 24
-201.7%
Q3 24
53.8%
Q2 24
-421.6%
Capex Intensity
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
0.6%
Q3 25
0.6%
Q2 25
3.2%
Q1 25
4.0%
Q4 24
3.2%
Q3 24
0.5%
Q2 24
9.6%
Cash Conversion
MBWM
MBWM
MGNX
MGNX
Q1 26
Q4 25
0.79×
Q3 25
0.97×
-1.79×
Q2 25
-0.35×
Q1 25
-0.15×
Q4 24
5.15×
Q3 24
-0.41×
1.07×
Q2 24
0.49×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MBWM
MBWM

Net Interest Income$55.9M83%
Noninterest Income$11.7M17%

MGNX
MGNX

Revenue From Collaborative Agreements$20.3M49%
Contract Manufacturing$11.3M27%
Other$9.7M23%

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