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

POWER INTEGRATIONS INC is the larger business by last-quarter revenue ($103.2M vs $67.6M, roughly 1.5× MERCANTILE BANK CORP). MERCANTILE BANK CORP runs the higher net margin — 33.6% vs 12.9%, a 20.7% gap on every dollar of revenue. Over the past eight quarters, MERCANTILE BANK CORP's revenue compounded faster (9.1% CAGR vs 6.1%).

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 ...

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

MBWM vs POWI — Head-to-Head

Bigger by revenue
POWI
POWI
1.5× larger
POWI
$103.2M
$67.6M
MBWM
Higher net margin
MBWM
MBWM
20.7% more per $
MBWM
33.6%
12.9%
POWI
Faster 2-yr revenue CAGR
MBWM
MBWM
Annualised
MBWM
9.1%
6.1%
POWI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MBWM
MBWM
POWI
POWI
Revenue
$67.6M
$103.2M
Net Profit
$22.7M
$13.3M
Gross Margin
52.9%
Operating Margin
8.5%
Net Margin
33.6%
12.9%
Revenue YoY
-1.9%
Net Profit YoY
16.1%
45.4%
EPS (diluted)
$1.32
$0.24

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
POWI
POWI
Q1 26
$67.6M
Q4 25
$62.1M
$103.2M
Q3 25
$62.4M
$118.9M
Q2 25
$60.9M
$115.9M
Q1 25
$57.3M
$105.5M
Q4 24
$58.5M
$105.3M
Q3 24
$58.0M
$115.8M
Q2 24
$56.8M
$106.2M
Net Profit
MBWM
MBWM
POWI
POWI
Q1 26
$22.7M
Q4 25
$22.8M
$13.3M
Q3 25
$23.8M
$-1.4M
Q2 25
$22.6M
$1.4M
Q1 25
$19.5M
$8.8M
Q4 24
$19.6M
$9.1M
Q3 24
$19.6M
$14.3M
Q2 24
$18.8M
$4.8M
Gross Margin
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
52.9%
Q3 25
54.5%
Q2 25
55.2%
Q1 25
55.2%
Q4 24
54.4%
Q3 24
54.5%
Q2 24
53.2%
Operating Margin
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
42.0%
8.5%
Q3 25
44.0%
-3.3%
Q2 25
42.6%
-1.2%
Q1 25
42.0%
6.4%
Q4 24
39.7%
3.7%
Q3 24
42.4%
10.0%
Q2 24
41.4%
1.8%
Net Margin
MBWM
MBWM
POWI
POWI
Q1 26
33.6%
Q4 25
36.8%
12.9%
Q3 25
38.1%
-1.1%
Q2 25
37.1%
1.2%
Q1 25
34.1%
8.3%
Q4 24
33.5%
8.7%
Q3 24
33.8%
12.3%
Q2 24
33.1%
4.6%
EPS (diluted)
MBWM
MBWM
POWI
POWI
Q1 26
$1.32
Q4 25
$1.41
$0.24
Q3 25
$1.46
$-0.02
Q2 25
$1.39
$0.02
Q1 25
$1.21
$0.15
Q4 24
$1.20
$0.15
Q3 24
$1.22
$0.25
Q2 24
$1.17
$0.09

Balance Sheet & Financial Strength

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

Metric
MBWM
MBWM
POWI
POWI
Cash + ST InvestmentsLiquidity on hand
$249.5M
Total DebtLower is stronger
$1.5M
Stockholders' EquityBook value
$736.9M
$672.8M
Total Assets
$6.9B
$772.2M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
$249.5M
Q3 25
$241.9M
Q2 25
$268.7M
Q1 25
$289.3M
Q4 24
$300.0M
Q3 24
$303.8M
Q2 24
$290.5M
Total Debt
MBWM
MBWM
POWI
POWI
Q1 26
$1.5M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MBWM
MBWM
POWI
POWI
Q1 26
$736.9M
Q4 25
$724.9M
$672.8M
Q3 25
$657.6M
$672.0M
Q2 25
$631.5M
$703.8M
Q1 25
$608.3M
$735.8M
Q4 24
$584.5M
$749.8M
Q3 24
$583.3M
$749.2M
Q2 24
$551.2M
$730.7M
Total Assets
MBWM
MBWM
POWI
POWI
Q1 26
$6.9B
Q4 25
$6.8B
$772.2M
Q3 25
$6.3B
$772.5M
Q2 25
$6.2B
$797.5M
Q1 25
$6.1B
$814.4M
Q4 24
$6.1B
$828.8M
Q3 24
$5.9B
$825.0M
Q2 24
$5.6B
$804.8M
Debt / Equity
MBWM
MBWM
POWI
POWI
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
POWI
POWI
Operating Cash FlowLast quarter
$26.2M
Free Cash FlowOCF − Capex
$19.2M
FCF MarginFCF / Revenue
18.6%
Capex IntensityCapex / Revenue
6.8%
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters
$87.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
$18.0M
$26.2M
Q3 25
$23.1M
$29.9M
Q2 25
$-7.8M
$29.1M
Q1 25
$-3.0M
$26.4M
Q4 24
$101.1M
$14.7M
Q3 24
$-8.1M
$32.9M
Q2 24
$9.1M
$17.6M
Free Cash Flow
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
$19.2M
Q3 25
$24.2M
Q2 25
$23.1M
Q1 25
$20.7M
Q4 24
$11.7M
Q3 24
$27.2M
Q2 24
$13.5M
FCF Margin
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
18.6%
Q3 25
20.3%
Q2 25
20.0%
Q1 25
19.6%
Q4 24
11.1%
Q3 24
23.5%
Q2 24
12.7%
Capex Intensity
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
6.8%
Q3 25
4.8%
Q2 25
5.1%
Q1 25
5.4%
Q4 24
2.9%
Q3 24
4.9%
Q2 24
3.9%
Cash Conversion
MBWM
MBWM
POWI
POWI
Q1 26
Q4 25
0.79×
1.97×
Q3 25
0.97×
Q2 25
-0.35×
21.24×
Q1 25
-0.15×
3.00×
Q4 24
5.15×
1.61×
Q3 24
-0.41×
2.30×
Q2 24
0.49×
3.64×

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%

POWI
POWI

Distributors$65.8M64%
Other$10.3M10%
KR$9.3M9%
DE$7.1M7%
TW$5.5M5%
Emea Other Than Germany$5.3M5%

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