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

SNDL Inc. is the larger business by last-quarter revenue ($77.5M vs $62.0M, roughly 1.3× MID PENN BANCORP INC).

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.

SNDL Inc. is a Canada-based consumer goods company focused primarily on the cannabis sector, offering a range of recreational and medical cannabis products, alongside craft beer, wine and spirit offerings. It operates across cultivation, product development, distribution and retail segments, serving both wholesale and retail customers mainly in the North American market.

MPB vs SNDL — Head-to-Head

Bigger by revenue
SNDL
SNDL
1.3× larger
SNDL
$77.5M
$62.0M
MPB

Income Statement — Q4 FY2025 vs Q1 FY2025

Metric
MPB
MPB
SNDL
SNDL
Revenue
$62.0M
$77.5M
Net Profit
$19.4M
Gross Margin
25.3%
Operating Margin
43.6%
6.7%
Net Margin
31.4%
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
SNDL
SNDL
Q4 25
$62.0M
Q3 25
$61.8M
Q2 25
$54.3M
Q1 25
$47.7M
$77.5M
Q4 24
$47.4M
Q3 24
$45.3M
Q2 24
$44.1M
Q1 24
$42.3M
$116.1M
Net Profit
MPB
MPB
SNDL
SNDL
Q4 25
$19.4M
Q3 25
$18.3M
Q2 25
$4.8M
Q1 25
$13.7M
Q4 24
$13.2M
Q3 24
$12.3M
Q2 24
$11.8M
Q1 24
$12.1M
Gross Margin
MPB
MPB
SNDL
SNDL
Q4 25
Q3 25
Q2 25
Q1 25
25.3%
Q4 24
Q3 24
Q2 24
Q1 24
24.8%
Operating Margin
MPB
MPB
SNDL
SNDL
Q4 25
43.6%
Q3 25
39.3%
Q2 25
7.9%
Q1 25
35.2%
6.7%
Q4 24
34.1%
Q3 24
32.8%
Q2 24
32.4%
Q1 24
34.8%
1.9%
Net Margin
MPB
MPB
SNDL
SNDL
Q4 25
31.4%
Q3 25
29.6%
Q2 25
8.8%
Q1 25
28.8%
Q4 24
27.9%
Q3 24
27.1%
Q2 24
26.7%
Q1 24
28.7%
EPS (diluted)
MPB
MPB
SNDL
SNDL
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
SNDL
SNDL
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$814.1M
Total Assets
$6.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
MPB
MPB
SNDL
SNDL
Q4 25
$814.1M
Q3 25
$796.3M
Q2 25
$775.7M
Q1 25
$667.9M
Q4 24
$655.0M
Q3 24
$573.1M
Q2 24
$559.7M
Q1 24
$551.0M
Total Assets
MPB
MPB
SNDL
SNDL
Q4 25
$6.1B
Q3 25
$6.3B
Q2 25
$6.4B
Q1 25
$5.5B
Q4 24
$5.5B
Q3 24
$5.5B
Q2 24
$5.4B
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
SNDL
SNDL
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
SNDL
SNDL
Q4 25
$80.0M
Q3 25
$26.3M
Q2 25
$29.0M
Q1 25
$11.5M
Q4 24
$51.4M
Q3 24
$16.9M
Q2 24
$18.0M
Q1 24
$12.4M
Free Cash Flow
MPB
MPB
SNDL
SNDL
Q4 25
$71.8M
Q3 25
$24.3M
Q2 25
$27.2M
Q1 25
$8.8M
Q4 24
$44.5M
Q3 24
$16.8M
Q2 24
$17.7M
Q1 24
$12.1M
FCF Margin
MPB
MPB
SNDL
SNDL
Q4 25
115.8%
Q3 25
39.4%
Q2 25
50.1%
Q1 25
18.4%
Q4 24
93.8%
Q3 24
37.1%
Q2 24
40.2%
Q1 24
28.5%
Capex Intensity
MPB
MPB
SNDL
SNDL
Q4 25
13.3%
Q3 25
3.1%
Q2 25
3.2%
Q1 25
5.7%
Q4 24
14.6%
Q3 24
0.0%
Q2 24
0.7%
Q1 24
0.8%
Cash Conversion
MPB
MPB
SNDL
SNDL
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.

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