vs

Side-by-side financial comparison of MID PENN BANCORP INC (MPB) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

MID PENN BANCORP INC is the larger business by last-quarter revenue ($62.0M vs $57.6M, roughly 1.1× Phathom Pharmaceuticals, Inc.). On growth, Phathom Pharmaceuticals, Inc. posted the faster year-over-year revenue change (94.1% vs 30.8%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $-167.0M).

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.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

MPB vs PHAT — Head-to-Head

Bigger by revenue
MPB
MPB
1.1× larger
MPB
$62.0M
$57.6M
PHAT
Growing faster (revenue YoY)
PHAT
PHAT
+63.3% gap
PHAT
94.1%
30.8%
MPB
More free cash flow
MPB
MPB
$238.8M more FCF
MPB
$71.8M
$-167.0M
PHAT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPB
MPB
PHAT
PHAT
Revenue
$62.0M
$57.6M
Net Profit
$19.4M
Gross Margin
86.7%
Operating Margin
43.6%
Net Margin
31.4%
Revenue YoY
30.8%
94.1%
Net Profit YoY
47.0%
71.6%
EPS (diluted)
$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
MPB
MPB
PHAT
PHAT
Q4 25
$62.0M
$57.6M
Q3 25
$61.8M
$49.5M
Q2 25
$54.3M
$39.5M
Q1 25
$47.7M
$28.5M
Q4 24
$47.4M
$29.7M
Q3 24
$45.3M
$16.4M
Q2 24
$44.1M
$7.3M
Q1 24
$42.3M
Net Profit
MPB
MPB
PHAT
PHAT
Q4 25
$19.4M
Q3 25
$18.3M
$-30.0M
Q2 25
$4.8M
$-75.8M
Q1 25
$13.7M
$-94.3M
Q4 24
$13.2M
Q3 24
$12.3M
$-85.6M
Q2 24
$11.8M
$-91.4M
Q1 24
$12.1M
Gross Margin
MPB
MPB
PHAT
PHAT
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Q1 24
Operating Margin
MPB
MPB
PHAT
PHAT
Q4 25
43.6%
Q3 25
39.3%
-30.8%
Q2 25
7.9%
-151.7%
Q1 25
35.2%
-276.5%
Q4 24
34.1%
Q3 24
32.8%
-433.0%
Q2 24
32.4%
-1055.4%
Q1 24
34.8%
Net Margin
MPB
MPB
PHAT
PHAT
Q4 25
31.4%
Q3 25
29.6%
-60.5%
Q2 25
8.8%
-191.9%
Q1 25
28.8%
-330.7%
Q4 24
27.9%
Q3 24
27.1%
-523.3%
Q2 24
26.7%
-1248.6%
Q1 24
28.7%
EPS (diluted)
MPB
MPB
PHAT
PHAT
Q4 25
$0.83
Q3 25
$0.79
$-0.41
Q2 25
$0.22
$-1.05
Q1 25
$0.71
$-1.31
Q4 24
$0.72
Q3 24
$0.74
$-1.32
Q2 24
$0.71
$-1.56
Q1 24
$0.73

Balance Sheet & Financial Strength

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

Metric
MPB
MPB
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$814.1M
$-438.2M
Total Assets
$6.1B
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPB
MPB
PHAT
PHAT
Q4 25
$130.0M
Q3 25
$135.2M
Q2 25
$149.6M
Q1 25
$212.3M
Q4 24
$297.3M
Q3 24
$334.7M
Q2 24
$276.2M
Q1 24
Total Debt
MPB
MPB
PHAT
PHAT
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Q1 24
Stockholders' Equity
MPB
MPB
PHAT
PHAT
Q4 25
$814.1M
$-438.2M
Q3 25
$796.3M
$-422.5M
Q2 25
$775.7M
$-405.8M
Q1 25
$667.9M
$-338.4M
Q4 24
$655.0M
$-253.6M
Q3 24
$573.1M
$-187.1M
Q2 24
$559.7M
$-233.8M
Q1 24
$551.0M
Total Assets
MPB
MPB
PHAT
PHAT
Q4 25
$6.1B
$259.1M
Q3 25
$6.3B
$240.3M
Q2 25
$6.4B
$250.2M
Q1 25
$5.5B
$294.2M
Q4 24
$5.5B
$378.3M
Q3 24
$5.5B
$387.0M
Q2 24
$5.4B
$319.4M
Q1 24
$5.3B

Cash Flow & Capital Efficiency

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

Metric
MPB
MPB
PHAT
PHAT
Operating Cash FlowLast quarter
$80.0M
$-166.8M
Free Cash FlowOCF − Capex
$71.8M
$-167.0M
FCF MarginFCF / Revenue
115.8%
-290.0%
Capex IntensityCapex / Revenue
13.3%
0.4%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPB
MPB
PHAT
PHAT
Q4 25
$80.0M
$-166.8M
Q3 25
$26.3M
$-14.1M
Q2 25
$29.0M
$-62.7M
Q1 25
$11.5M
$-84.9M
Q4 24
$51.4M
$-266.8M
Q3 24
$16.9M
$-63.6M
Q2 24
$18.0M
$-70.7M
Q1 24
$12.4M
Free Cash Flow
MPB
MPB
PHAT
PHAT
Q4 25
$71.8M
$-167.0M
Q3 25
$24.3M
$-14.1M
Q2 25
$27.2M
$-62.8M
Q1 25
$8.8M
$-84.9M
Q4 24
$44.5M
$-266.9M
Q3 24
$16.8M
$-63.6M
Q2 24
$17.7M
$-70.8M
Q1 24
$12.1M
FCF Margin
MPB
MPB
PHAT
PHAT
Q4 25
115.8%
-290.0%
Q3 25
39.4%
-28.6%
Q2 25
50.1%
-159.0%
Q1 25
18.4%
-297.9%
Q4 24
93.8%
-899.8%
Q3 24
37.1%
-389.0%
Q2 24
40.2%
-966.2%
Q1 24
28.5%
Capex Intensity
MPB
MPB
PHAT
PHAT
Q4 25
13.3%
0.4%
Q3 25
3.1%
0.1%
Q2 25
3.2%
0.2%
Q1 25
5.7%
0.1%
Q4 24
14.6%
0.5%
Q3 24
0.0%
0.3%
Q2 24
0.7%
0.6%
Q1 24
0.8%
Cash Conversion
MPB
MPB
PHAT
PHAT
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
Q1 25
0.84×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
Q1 24
1.02×

Financial Flow Comparison

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

Related Comparisons