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

RADWARE LTD is the larger business by last-quarter revenue ($75.3M vs $62.0M, roughly 1.2× MID PENN BANCORP INC). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 7.5%, a 23.8% gap on every dollar of revenue. Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs 7.1%).

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.

Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.

MPB vs RDWR — Head-to-Head

Bigger by revenue
RDWR
RDWR
1.2× larger
RDWR
$75.3M
$62.0M
MPB
Higher net margin
MPB
MPB
23.8% more per $
MPB
31.4%
7.5%
RDWR
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
7.1%
RDWR

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
MPB
MPB
RDWR
RDWR
Revenue
$62.0M
$75.3M
Net Profit
$19.4M
$5.7M
Gross Margin
80.7%
Operating Margin
43.6%
4.1%
Net Margin
31.4%
7.5%
Revenue YoY
30.8%
Net Profit YoY
47.0%
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
RDWR
RDWR
Q4 25
$62.0M
Q3 25
$61.8M
$75.3M
Q2 25
$54.3M
$74.2M
Q1 25
$47.7M
$72.1M
Q4 24
$47.4M
Q3 24
$45.3M
$69.5M
Q2 24
$44.1M
$67.3M
Q1 24
$42.3M
$65.1M
Net Profit
MPB
MPB
RDWR
RDWR
Q4 25
$19.4M
Q3 25
$18.3M
$5.7M
Q2 25
$4.8M
$4.2M
Q1 25
$13.7M
$4.3M
Q4 24
$13.2M
Q3 24
$12.3M
$3.1M
Q2 24
$11.8M
$1.7M
Q1 24
$12.1M
$-1.2M
Gross Margin
MPB
MPB
RDWR
RDWR
Q4 25
Q3 25
80.7%
Q2 25
80.7%
Q1 25
80.6%
Q4 24
Q3 24
80.7%
Q2 24
80.6%
Q1 24
80.3%
Operating Margin
MPB
MPB
RDWR
RDWR
Q4 25
43.6%
Q3 25
39.3%
4.1%
Q2 25
7.9%
3.8%
Q1 25
35.2%
2.2%
Q4 24
34.1%
Q3 24
32.8%
-0.0%
Q2 24
32.4%
-1.8%
Q1 24
34.8%
-5.6%
Net Margin
MPB
MPB
RDWR
RDWR
Q4 25
31.4%
Q3 25
29.6%
7.5%
Q2 25
8.8%
5.7%
Q1 25
28.8%
6.0%
Q4 24
27.9%
Q3 24
27.1%
4.5%
Q2 24
26.7%
2.5%
Q1 24
28.7%
-1.9%
EPS (diluted)
MPB
MPB
RDWR
RDWR
Q4 25
$0.83
Q3 25
$0.79
Q2 25
$0.22
Q1 25
$0.71
Q4 24
$0.72
Q3 24
$0.74
Q2 24
$0.71
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
RDWR
RDWR
Cash + ST InvestmentsLiquidity on hand
$98.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$814.1M
$357.1M
Total Assets
$6.1B
$618.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPB
MPB
RDWR
RDWR
Q4 25
Q3 25
$98.7M
Q2 25
$98.7M
Q1 25
$98.7M
Q4 24
Q3 24
$70.5M
Q2 24
$70.5M
Q1 24
$70.5M
Stockholders' Equity
MPB
MPB
RDWR
RDWR
Q4 25
$814.1M
Q3 25
$796.3M
$357.1M
Q2 25
$775.7M
$357.1M
Q1 25
$667.9M
$357.1M
Q4 24
$655.0M
Q3 24
$573.1M
$323.3M
Q2 24
$559.7M
$323.3M
Q1 24
$551.0M
$323.3M
Total Assets
MPB
MPB
RDWR
RDWR
Q4 25
$6.1B
Q3 25
$6.3B
$618.7M
Q2 25
$6.4B
$618.7M
Q1 25
$5.5B
$618.7M
Q4 24
$5.5B
Q3 24
$5.5B
$571.9M
Q2 24
$5.4B
$571.9M
Q1 24
$5.3B
$571.9M

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
RDWR
RDWR
Operating Cash FlowLast quarter
$80.0M
Free Cash FlowOCF − Capex
$71.8M
FCF MarginFCF / Revenue
115.8%
Capex IntensityCapex / Revenue
13.3%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters
$132.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPB
MPB
RDWR
RDWR
Q4 25
$80.0M
Q3 25
$26.3M
Q2 25
$29.0M
$14.5M
Q1 25
$11.5M
$22.4M
Q4 24
$51.4M
Q3 24
$16.9M
Q2 24
$18.0M
$23.0M
Q1 24
$12.4M
Free Cash Flow
MPB
MPB
RDWR
RDWR
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$27.2M
$11.8M
Q1 25
$8.8M
$21.3M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
$22.0M
Q1 24
$12.1M
FCF Margin
MPB
MPB
RDWR
RDWR
Q4 25
115.8%
Q3 25
39.4%
Q2 25
50.1%
15.9%
Q1 25
18.4%
29.6%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
32.7%
Q1 24
28.5%
Capex Intensity
MPB
MPB
RDWR
RDWR
Q4 25
13.3%
Q3 25
3.1%
Q2 25
3.2%
3.6%
Q1 25
5.7%
1.5%
Q4 24
14.6%
Q3 24
0.0%
Q2 24
0.7%
1.5%
Q1 24
0.8%
Cash Conversion
MPB
MPB
RDWR
RDWR
Q4 25
4.12×
Q3 25
1.44×
Q2 25
6.08×
3.43×
Q1 25
0.84×
5.17×
Q4 24
3.88×
Q3 24
1.37×
Q2 24
1.53×
13.84×
Q1 24
1.02×

Financial Flow Comparison

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

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