vs

Side-by-side financial comparison of MID PENN BANCORP INC (MPB) and Spok Holdings, Inc (SPOK). 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 $33.9M, roughly 1.8× Spok Holdings, Inc). MID PENN BANCORP INC runs the higher net margin — 31.4% vs 8.7%, a 22.7% gap on every dollar of revenue. On growth, MID PENN BANCORP INC posted the faster year-over-year revenue change (30.8% vs -0.1%). MID PENN BANCORP INC produced more free cash flow last quarter ($71.8M vs $10.1M). Over the past eight quarters, MID PENN BANCORP INC's revenue compounded faster (21.1% CAGR vs -1.5%).

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.

Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.

MPB vs SPOK — Head-to-Head

Bigger by revenue
MPB
MPB
1.8× larger
MPB
$62.0M
$33.9M
SPOK
Growing faster (revenue YoY)
MPB
MPB
+30.9% gap
MPB
30.8%
-0.1%
SPOK
Higher net margin
MPB
MPB
22.7% more per $
MPB
31.4%
8.7%
SPOK
More free cash flow
MPB
MPB
$61.7M more FCF
MPB
$71.8M
$10.1M
SPOK
Faster 2-yr revenue CAGR
MPB
MPB
Annualised
MPB
21.1%
-1.5%
SPOK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MPB
MPB
SPOK
SPOK
Revenue
$62.0M
$33.9M
Net Profit
$19.4M
$2.9M
Gross Margin
76.7%
Operating Margin
43.6%
11.6%
Net Margin
31.4%
8.7%
Revenue YoY
30.8%
-0.1%
Net Profit YoY
47.0%
-19.6%
EPS (diluted)
$0.83
$0.13

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
SPOK
SPOK
Q4 25
$62.0M
$33.9M
Q3 25
$61.8M
$33.9M
Q2 25
$54.3M
$35.7M
Q1 25
$47.7M
$36.3M
Q4 24
$47.4M
$33.9M
Q3 24
$45.3M
$34.9M
Q2 24
$44.1M
$34.0M
Q1 24
$42.3M
$34.9M
Net Profit
MPB
MPB
SPOK
SPOK
Q4 25
$19.4M
$2.9M
Q3 25
$18.3M
$3.2M
Q2 25
$4.8M
$4.6M
Q1 25
$13.7M
$5.2M
Q4 24
$13.2M
$3.6M
Q3 24
$12.3M
$3.7M
Q2 24
$11.8M
$3.4M
Q1 24
$12.1M
$4.2M
Gross Margin
MPB
MPB
SPOK
SPOK
Q4 25
76.7%
Q3 25
78.3%
Q2 25
79.5%
Q1 25
80.1%
Q4 24
78.5%
Q3 24
79.5%
Q2 24
78.9%
Q1 24
79.5%
Operating Margin
MPB
MPB
SPOK
SPOK
Q4 25
43.6%
11.6%
Q3 25
39.3%
12.9%
Q2 25
7.9%
15.1%
Q1 25
35.2%
16.6%
Q4 24
34.1%
13.7%
Q3 24
32.8%
14.2%
Q2 24
32.4%
13.2%
Q1 24
34.8%
14.0%
Net Margin
MPB
MPB
SPOK
SPOK
Q4 25
31.4%
8.7%
Q3 25
29.6%
9.5%
Q2 25
8.8%
12.8%
Q1 25
28.8%
14.3%
Q4 24
27.9%
10.8%
Q3 24
27.1%
10.5%
Q2 24
26.7%
10.1%
Q1 24
28.7%
12.1%
EPS (diluted)
MPB
MPB
SPOK
SPOK
Q4 25
$0.83
$0.13
Q3 25
$0.79
$0.15
Q2 25
$0.22
$0.22
Q1 25
$0.71
$0.25
Q4 24
$0.72
$0.17
Q3 24
$0.74
$0.18
Q2 24
$0.71
$0.17
Q1 24
$0.73
$0.21

Balance Sheet & Financial Strength

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

Metric
MPB
MPB
SPOK
SPOK
Cash + ST InvestmentsLiquidity on hand
$25.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$814.1M
$146.4M
Total Assets
$6.1B
$206.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MPB
MPB
SPOK
SPOK
Q4 25
$25.3M
Q3 25
$21.4M
Q2 25
$20.2M
Q1 25
$19.9M
Q4 24
$29.1M
Q3 24
$27.8M
Q2 24
$23.9M
Q1 24
$23.3M
Stockholders' Equity
MPB
MPB
SPOK
SPOK
Q4 25
$814.1M
$146.4M
Q3 25
$796.3M
$148.7M
Q2 25
$775.7M
$150.9M
Q1 25
$667.9M
$151.7M
Q4 24
$655.0M
$154.7M
Q3 24
$573.1M
$156.3M
Q2 24
$559.7M
$158.2M
Q1 24
$551.0M
$160.2M
Total Assets
MPB
MPB
SPOK
SPOK
Q4 25
$6.1B
$206.1M
Q3 25
$6.3B
$209.7M
Q2 25
$6.4B
$208.7M
Q1 25
$5.5B
$204.5M
Q4 24
$5.5B
$217.1M
Q3 24
$5.5B
$216.8M
Q2 24
$5.4B
$216.4M
Q1 24
$5.3B
$215.0M

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
SPOK
SPOK
Operating Cash FlowLast quarter
$80.0M
$11.5M
Free Cash FlowOCF − Capex
$71.8M
$10.1M
FCF MarginFCF / Revenue
115.8%
29.9%
Capex IntensityCapex / Revenue
13.3%
4.1%
Cash ConversionOCF / Net Profit
4.12×
3.93×
TTM Free Cash FlowTrailing 4 quarters
$132.1M
$25.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MPB
MPB
SPOK
SPOK
Q4 25
$80.0M
$11.5M
Q3 25
$26.3M
$8.1M
Q2 25
$29.0M
$7.0M
Q1 25
$11.5M
$2.3M
Q4 24
$51.4M
$8.4M
Q3 24
$16.9M
$11.1M
Q2 24
$18.0M
$7.4M
Q1 24
$12.4M
$2.0M
Free Cash Flow
MPB
MPB
SPOK
SPOK
Q4 25
$71.8M
$10.1M
Q3 25
$24.3M
$7.6M
Q2 25
$27.2M
$6.0M
Q1 25
$8.8M
$1.5M
Q4 24
$44.5M
$7.5M
Q3 24
$16.8M
$10.3M
Q2 24
$17.7M
$6.8M
Q1 24
$12.1M
$1.1M
FCF Margin
MPB
MPB
SPOK
SPOK
Q4 25
115.8%
29.9%
Q3 25
39.4%
22.4%
Q2 25
50.1%
16.8%
Q1 25
18.4%
4.2%
Q4 24
93.8%
22.3%
Q3 24
37.1%
29.4%
Q2 24
40.2%
20.0%
Q1 24
28.5%
3.2%
Capex Intensity
MPB
MPB
SPOK
SPOK
Q4 25
13.3%
4.1%
Q3 25
3.1%
1.6%
Q2 25
3.2%
2.9%
Q1 25
5.7%
2.1%
Q4 24
14.6%
2.5%
Q3 24
0.0%
2.4%
Q2 24
0.7%
1.9%
Q1 24
0.8%
2.5%
Cash Conversion
MPB
MPB
SPOK
SPOK
Q4 25
4.12×
3.93×
Q3 25
1.44×
2.54×
Q2 25
6.08×
1.55×
Q1 25
0.84×
0.43×
Q4 24
3.88×
2.31×
Q3 24
1.37×
3.03×
Q2 24
1.53×
2.17×
Q1 24
1.02×
0.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MPB
MPB

Segment breakdown not available.

SPOK
SPOK

Paging$16.8M50%
Software Operations$16.0M47%
License$1.2M4%

Related Comparisons