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Side-by-side financial comparison of MANNKIND CORP (MNKD) and 1ST SOURCE CORP (SRCE). Click either name above to swap in a different company.

1ST SOURCE CORP is the larger business by last-quarter revenue ($113.1M vs $112.0M, roughly 1.0× MANNKIND CORP). 1ST SOURCE CORP runs the higher net margin — 35.3% vs -14.2%, a 49.6% gap on every dollar of revenue. On growth, MANNKIND CORP posted the faster year-over-year revenue change (45.8% vs 8.7%). 1ST SOURCE CORP produced more free cash flow last quarter ($58.1M vs $-10.0M). Over the past eight quarters, MANNKIND CORP's revenue compounded faster (30.0% CAGR vs 7.8%).

MannKind Corporation is a biopharmaceutical company focusing on the discovery, development, and commercialization of therapeutic products for diseases such as diabetes and pulmonary arterial hypertension. Based in Danbury, Connecticut, the company was founded in February 1991.

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.

MNKD vs SRCE — Head-to-Head

Bigger by revenue
SRCE
SRCE
1.0× larger
SRCE
$113.1M
$112.0M
MNKD
Growing faster (revenue YoY)
MNKD
MNKD
+37.1% gap
MNKD
45.8%
8.7%
SRCE
Higher net margin
SRCE
SRCE
49.6% more per $
SRCE
35.3%
-14.2%
MNKD
More free cash flow
SRCE
SRCE
$68.1M more FCF
SRCE
$58.1M
$-10.0M
MNKD
Faster 2-yr revenue CAGR
MNKD
MNKD
Annualised
MNKD
30.0%
7.8%
SRCE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MNKD
MNKD
SRCE
SRCE
Revenue
$112.0M
$113.1M
Net Profit
$-15.9M
$40.0M
Gross Margin
87.6%
Operating Margin
-6.9%
45.4%
Net Margin
-14.2%
35.3%
Revenue YoY
45.8%
8.7%
Net Profit YoY
-314.9%
6.5%
EPS (diluted)
$-0.05
$1.63

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
MNKD
MNKD
SRCE
SRCE
Q1 26
$113.1M
Q4 25
$112.0M
$110.8M
Q3 25
$82.1M
$110.7M
Q2 25
$76.5M
$108.2M
Q1 25
$78.4M
$104.0M
Q4 24
$76.8M
$97.8M
Q3 24
$70.1M
$97.9M
Q2 24
$72.4M
$97.3M
Net Profit
MNKD
MNKD
SRCE
SRCE
Q1 26
$40.0M
Q4 25
$-15.9M
$41.1M
Q3 25
$8.0M
$42.3M
Q2 25
$668.0K
$37.3M
Q1 25
$13.2M
$37.5M
Q4 24
$7.4M
$31.4M
Q3 24
$11.6M
$34.9M
Q2 24
$-2.0M
$36.8M
Gross Margin
MNKD
MNKD
SRCE
SRCE
Q1 26
Q4 25
87.6%
Q3 25
94.5%
Q2 25
94.0%
Q1 25
95.2%
Q4 24
93.7%
Q3 24
95.4%
Q2 24
92.3%
Operating Margin
MNKD
MNKD
SRCE
SRCE
Q1 26
45.4%
Q4 25
-6.9%
Q3 25
23.0%
49.7%
Q2 25
6.9%
44.5%
Q1 25
28.5%
45.8%
Q4 24
34.5%
Q3 24
18.2%
46.3%
Q2 24
22.9%
49.1%
Net Margin
MNKD
MNKD
SRCE
SRCE
Q1 26
35.3%
Q4 25
-14.2%
37.1%
Q3 25
9.7%
38.2%
Q2 25
0.9%
34.5%
Q1 25
16.8%
36.1%
Q4 24
9.7%
32.1%
Q3 24
16.5%
35.7%
Q2 24
-2.8%
37.8%
EPS (diluted)
MNKD
MNKD
SRCE
SRCE
Q1 26
$1.63
Q4 25
$-0.05
$1.67
Q3 25
$0.03
$1.71
Q2 25
$0.00
$1.51
Q1 25
$0.04
$1.52
Q4 24
$0.03
$1.27
Q3 24
$0.04
$1.41
Q2 24
$-0.01
$1.49

Balance Sheet & Financial Strength

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

Metric
MNKD
MNKD
SRCE
SRCE
Cash + ST InvestmentsLiquidity on hand
$171.3M
Total DebtLower is stronger
$354.6M
Stockholders' EquityBook value
$-51.0M
$1.3B
Total Assets
$792.2M
$9.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MNKD
MNKD
SRCE
SRCE
Q1 26
Q4 25
$171.3M
Q3 25
$260.0M
Q2 25
$179.0M
Q1 25
$181.5M
Q4 24
$197.3M
Q3 24
$251.6M
Q2 24
$247.8M
Total Debt
MNKD
MNKD
SRCE
SRCE
Q1 26
Q4 25
$354.6M
Q3 25
$109.7M
Q2 25
$36.2M
Q1 25
$36.1M
Q4 24
$36.1M
Q3 24
$227.9M
Q2 24
$227.6M
Stockholders' Equity
MNKD
MNKD
SRCE
SRCE
Q1 26
$1.3B
Q4 25
$-51.0M
$1.3B
Q3 25
$-44.6M
$1.2B
Q2 25
$-55.0M
$1.2B
Q1 25
$-58.6M
$1.2B
Q4 24
$-78.8M
$1.1B
Q3 24
$-209.9M
$1.1B
Q2 24
$-225.8M
$1.0B
Total Assets
MNKD
MNKD
SRCE
SRCE
Q1 26
$9.1B
Q4 25
$792.2M
$9.1B
Q3 25
$494.6M
$9.1B
Q2 25
$411.7M
$9.1B
Q1 25
$410.1M
$9.0B
Q4 24
$393.8M
$8.9B
Q3 24
$464.2M
$8.8B
Q2 24
$443.8M
$8.9B

Cash Flow & Capital Efficiency

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

Metric
MNKD
MNKD
SRCE
SRCE
Operating Cash FlowLast quarter
$-8.0M
$59.1M
Free Cash FlowOCF − Capex
$-10.0M
$58.1M
FCF MarginFCF / Revenue
-8.9%
51.4%
Capex IntensityCapex / Revenue
1.8%
0.9%
Cash ConversionOCF / Net Profit
1.48×
TTM Free Cash FlowTrailing 4 quarters
$13.7M
$361.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MNKD
MNKD
SRCE
SRCE
Q1 26
$59.1M
Q4 25
$-8.0M
$223.1M
Q3 25
$23.6M
$51.0M
Q2 25
$8.9M
$44.9M
Q1 25
$-6.4M
$71.8M
Q4 24
$22.6M
$193.9M
Q3 24
$9.3M
$68.4M
Q2 24
$3.8M
$50.0M
Free Cash Flow
MNKD
MNKD
SRCE
SRCE
Q1 26
$58.1M
Q4 25
$-10.0M
$213.0M
Q3 25
$22.5M
$47.3M
Q2 25
$7.8M
$43.0M
Q1 25
$-6.7M
$69.3M
Q4 24
$19.7M
$181.5M
Q3 24
$7.9M
$66.7M
Q2 24
$861.0K
$46.4M
FCF Margin
MNKD
MNKD
SRCE
SRCE
Q1 26
51.4%
Q4 25
-8.9%
192.2%
Q3 25
27.4%
42.7%
Q2 25
10.2%
39.8%
Q1 25
-8.6%
66.6%
Q4 24
25.7%
185.5%
Q3 24
11.3%
68.1%
Q2 24
1.2%
47.7%
Capex Intensity
MNKD
MNKD
SRCE
SRCE
Q1 26
0.9%
Q4 25
1.8%
9.1%
Q3 25
1.4%
3.4%
Q2 25
1.5%
1.7%
Q1 25
0.4%
2.4%
Q4 24
3.8%
12.6%
Q3 24
2.0%
1.7%
Q2 24
4.1%
3.7%
Cash Conversion
MNKD
MNKD
SRCE
SRCE
Q1 26
1.48×
Q4 25
5.42×
Q3 25
2.96×
1.21×
Q2 25
13.40×
1.20×
Q1 25
-0.48×
1.91×
Q4 24
3.05×
6.17×
Q3 24
0.81×
1.96×
Q2 24
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MNKD
MNKD

Products$50.4M45%
Royalty$33.6M30%
Afrezza$22.9M20%
V Go$4.3M4%

SRCE
SRCE

Segment breakdown not available.

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