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Side-by-side financial comparison of MESA LABORATORIES INC (MLAB) and MID PENN BANCORP INC (MPB). Click either name above to swap in a different company.

MESA LABORATORIES INC is the larger business by last-quarter revenue ($65.1M vs $62.0M, roughly 1.0× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 5.6%, a 25.8% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs 3.6%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $18.0M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs 5.1%).

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

Commerce Bancorp was a Cherry Hill, New Jersey–based bank created in 1973. In 2007, it was purchased by Toronto-Dominion Bank, which merged Commerce into TD Banknorth, the latter of which was rebranded to TD Bank.

MLAB vs MPB — Head-to-Head

Bigger by revenue
MLAB
MLAB
1.0× larger
MLAB
$65.1M
$62.0M
MPB
Growing faster (revenue YoY)
MPB
MPB
+27.1% gap
MPB
30.8%
3.6%
MLAB
Higher net margin
MPB
MPB
25.8% more per $
MPB
31.4%
5.6%
MLAB
More free cash flow
MPB
MPB
$53.8M more FCF
MPB
$71.8M
$18.0M
MLAB
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
5.1%
MLAB

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
MLAB
MLAB
MPB
MPB
Revenue
$65.1M
$62.0M
Net Profit
$3.6M
$19.4M
Gross Margin
64.2%
Operating Margin
12.2%
43.6%
Net Margin
5.6%
31.4%
Revenue YoY
3.6%
30.8%
Net Profit YoY
316.6%
47.0%
EPS (diluted)
$0.65
$0.83

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
MLAB
MLAB
MPB
MPB
Q4 25
$65.1M
$62.0M
Q3 25
$60.7M
$61.8M
Q2 25
$59.5M
$54.3M
Q1 25
$62.1M
$47.7M
Q4 24
$62.8M
$47.4M
Q3 24
$57.8M
$45.3M
Q2 24
$58.2M
$44.1M
Q1 24
$58.9M
$42.3M
Net Profit
MLAB
MLAB
MPB
MPB
Q4 25
$3.6M
$19.4M
Q3 25
$2.5M
$18.3M
Q2 25
$4.7M
$4.8M
Q1 25
$-7.1M
$13.7M
Q4 24
$-1.7M
$13.2M
Q3 24
$3.4M
$12.3M
Q2 24
$3.4M
$11.8M
Q1 24
$-254.6M
$12.1M
Gross Margin
MLAB
MLAB
MPB
MPB
Q4 25
64.2%
Q3 25
61.5%
Q2 25
62.0%
Q1 25
61.8%
Q4 24
63.3%
Q3 24
61.3%
Q2 24
64.0%
Q1 24
62.1%
Operating Margin
MLAB
MLAB
MPB
MPB
Q4 25
12.2%
43.6%
Q3 25
7.8%
39.3%
Q2 25
5.1%
7.9%
Q1 25
2.4%
35.2%
Q4 24
9.2%
34.1%
Q3 24
6.1%
32.8%
Q2 24
9.6%
32.4%
Q1 24
-460.6%
34.8%
Net Margin
MLAB
MLAB
MPB
MPB
Q4 25
5.6%
31.4%
Q3 25
4.1%
29.6%
Q2 25
8.0%
8.8%
Q1 25
-11.4%
28.8%
Q4 24
-2.7%
27.9%
Q3 24
5.9%
27.1%
Q2 24
5.8%
26.7%
Q1 24
-432.2%
28.7%
EPS (diluted)
MLAB
MLAB
MPB
MPB
Q4 25
$0.65
$0.83
Q3 25
$0.45
$0.79
Q2 25
$0.85
$0.22
Q1 25
$-1.30
$0.71
Q4 24
$-0.31
$0.72
Q3 24
$0.63
$0.74
Q2 24
$0.62
$0.71
Q1 24
$-47.26
$0.73

Balance Sheet & Financial Strength

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

Metric
MLAB
MLAB
MPB
MPB
Cash + ST InvestmentsLiquidity on hand
$29.0M
Total DebtLower is stronger
$68.4M
Stockholders' EquityBook value
$186.7M
$814.1M
Total Assets
$434.8M
$6.1B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MLAB
MLAB
MPB
MPB
Q4 25
$29.0M
Q3 25
$20.4M
Q2 25
$21.3M
Q1 25
$27.3M
Q4 24
$27.3M
Q3 24
$24.3M
Q2 24
$28.5M
Q1 24
$28.2M
Total Debt
MLAB
MLAB
MPB
MPB
Q4 25
$68.4M
Q3 25
$69.4M
Q2 25
$70.3M
Q1 25
$71.3M
Q4 24
$72.2M
Q3 24
$73.1M
Q2 24
$74.1M
Q1 24
Stockholders' Equity
MLAB
MLAB
MPB
MPB
Q4 25
$186.7M
$814.1M
Q3 25
$178.5M
$796.3M
Q2 25
$172.5M
$775.7M
Q1 25
$159.8M
$667.9M
Q4 24
$155.2M
$655.0M
Q3 24
$161.5M
$573.1M
Q2 24
$150.7M
$559.7M
Q1 24
$145.4M
$551.0M
Total Assets
MLAB
MLAB
MPB
MPB
Q4 25
$434.8M
$6.1B
Q3 25
$430.4M
$6.3B
Q2 25
$435.7M
$6.4B
Q1 25
$433.3M
$5.5B
Q4 24
$433.3M
$5.5B
Q3 24
$454.1M
$5.5B
Q2 24
$440.4M
$5.4B
Q1 24
$446.8M
$5.3B
Debt / Equity
MLAB
MLAB
MPB
MPB
Q4 25
0.37×
Q3 25
0.39×
Q2 25
0.41×
Q1 25
0.45×
Q4 24
0.47×
Q3 24
0.45×
Q2 24
0.49×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MLAB
MLAB
MPB
MPB
Operating Cash FlowLast quarter
$18.8M
$80.0M
Free Cash FlowOCF − Capex
$18.0M
$71.8M
FCF MarginFCF / Revenue
27.7%
115.8%
Capex IntensityCapex / Revenue
1.1%
13.3%
Cash ConversionOCF / Net Profit
5.17×
4.12×
TTM Free Cash FlowTrailing 4 quarters
$37.9M
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MLAB
MLAB
MPB
MPB
Q4 25
$18.8M
$80.0M
Q3 25
$8.2M
$26.3M
Q2 25
$1.9M
$29.0M
Q1 25
$12.7M
$11.5M
Q4 24
$18.1M
$51.4M
Q3 24
$5.3M
$16.9M
Q2 24
$10.7M
$18.0M
Q1 24
$12.9M
$12.4M
Free Cash Flow
MLAB
MLAB
MPB
MPB
Q4 25
$18.0M
$71.8M
Q3 25
$7.1M
$24.3M
Q2 25
$884.0K
$27.2M
Q1 25
$11.9M
$8.8M
Q4 24
$17.3M
$44.5M
Q3 24
$3.5M
$16.8M
Q2 24
$9.9M
$17.7M
Q1 24
$12.3M
$12.1M
FCF Margin
MLAB
MLAB
MPB
MPB
Q4 25
27.7%
115.8%
Q3 25
11.7%
39.4%
Q2 25
1.5%
50.1%
Q1 25
19.2%
18.4%
Q4 24
27.6%
93.8%
Q3 24
6.0%
37.1%
Q2 24
16.9%
40.2%
Q1 24
21.0%
28.5%
Capex Intensity
MLAB
MLAB
MPB
MPB
Q4 25
1.1%
13.3%
Q3 25
1.8%
3.1%
Q2 25
1.7%
3.2%
Q1 25
1.2%
5.7%
Q4 24
1.3%
14.6%
Q3 24
3.1%
0.0%
Q2 24
1.5%
0.7%
Q1 24
0.9%
0.8%
Cash Conversion
MLAB
MLAB
MPB
MPB
Q4 25
5.17×
4.12×
Q3 25
3.32×
1.44×
Q2 25
0.40×
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.54×
1.37×
Q2 24
3.17×
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

MPB
MPB

Segment breakdown not available.

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