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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) and YORK WATER CO (YORW). Click either name above to swap in a different company.

YORK WATER CO is the larger business by last-quarter revenue ($19.4M vs $14.9M, roughly 1.3× EVERSPIN TECHNOLOGIES INC.). YORK WATER CO runs the higher net margin — 26.7% vs -2.0%, a 28.7% gap on every dollar of revenue. On growth, EVERSPIN TECHNOLOGIES INC. posted the faster year-over-year revenue change (13.2% vs 3.2%). Over the past eight quarters, EVERSPIN TECHNOLOGIES INC.'s revenue compounded faster (18.2% CAGR vs 5.1%).

Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

MRAM vs YORW — Head-to-Head

Bigger by revenue
YORW
YORW
1.3× larger
YORW
$19.4M
$14.9M
MRAM
Growing faster (revenue YoY)
MRAM
MRAM
+10.0% gap
MRAM
13.2%
3.2%
YORW
Higher net margin
YORW
YORW
28.7% more per $
YORW
26.7%
-2.0%
MRAM
Faster 2-yr revenue CAGR
MRAM
MRAM
Annualised
MRAM
18.2%
5.1%
YORW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MRAM
MRAM
YORW
YORW
Revenue
$14.9M
$19.4M
Net Profit
$-296.0K
$5.2M
Gross Margin
52.7%
Operating Margin
29.0%
33.2%
Net Margin
-2.0%
26.7%
Revenue YoY
13.2%
3.2%
Net Profit YoY
0.5%
EPS (diluted)
$-0.01
$0.36

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
MRAM
MRAM
YORW
YORW
Q1 26
$14.9M
Q4 25
$14.8M
$19.4M
Q3 25
$14.1M
$20.2M
Q2 25
$13.2M
$19.1M
Q1 25
$13.1M
$18.3M
Q4 24
$13.2M
$18.8M
Q3 24
$12.1M
$19.6M
Q2 24
$10.6M
$18.6M
Net Profit
MRAM
MRAM
YORW
YORW
Q1 26
$-296.0K
Q4 25
$1.2M
$5.2M
Q3 25
$54.0K
$6.2M
Q2 25
$-670.0K
$5.1M
Q1 25
$-1.2M
$3.6M
Q4 24
$1.2M
$5.1M
Q3 24
$2.3M
$5.9M
Q2 24
$-2.5M
$5.0M
Gross Margin
MRAM
MRAM
YORW
YORW
Q1 26
52.7%
Q4 25
50.8%
Q3 25
51.3%
Q2 25
51.3%
Q1 25
51.4%
Q4 24
51.3%
Q3 24
49.2%
Q2 24
49.0%
Operating Margin
MRAM
MRAM
YORW
YORW
Q1 26
29.0%
Q4 25
-7.2%
33.2%
Q3 25
-11.0%
39.1%
Q2 25
-14.9%
37.1%
Q1 25
-14.7%
34.3%
Q4 24
-11.8%
35.8%
Q3 24
-17.5%
41.1%
Q2 24
-26.5%
37.9%
Net Margin
MRAM
MRAM
YORW
YORW
Q1 26
-2.0%
Q4 25
8.1%
26.7%
Q3 25
0.4%
30.6%
Q2 25
-5.1%
26.5%
Q1 25
-8.9%
19.8%
Q4 24
9.2%
27.4%
Q3 24
18.8%
29.9%
Q2 24
-23.5%
26.8%
EPS (diluted)
MRAM
MRAM
YORW
YORW
Q1 26
$-0.01
Q4 25
$0.05
$0.36
Q3 25
$0.00
$0.43
Q2 25
$-0.03
$0.35
Q1 25
$-0.05
$0.25
Q4 24
$0.07
$0.36
Q3 24
$0.10
$0.41
Q2 24
$-0.12
$0.35

Balance Sheet & Financial Strength

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

Metric
MRAM
MRAM
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$40.5M
$1.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$70.2M
$240.3M
Total Assets
$83.2M
$680.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRAM
MRAM
YORW
YORW
Q1 26
$40.5M
Q4 25
$44.5M
$1.0K
Q3 25
$45.3M
$1.0K
Q2 25
$45.0M
$1.0K
Q1 25
$42.2M
$1.0K
Q4 24
$42.1M
$1.0K
Q3 24
$39.6M
$1.0K
Q2 24
$36.8M
$1.0K
Stockholders' Equity
MRAM
MRAM
YORW
YORW
Q1 26
$70.2M
Q4 25
$68.9M
$240.3M
Q3 25
$65.8M
$238.0M
Q2 25
$64.1M
$234.6M
Q1 25
$63.0M
$232.1M
Q4 24
$62.6M
$231.2M
Q3 24
$59.3M
$228.7M
Q2 24
$55.4M
$225.4M
Total Assets
MRAM
MRAM
YORW
YORW
Q1 26
$83.2M
Q4 25
$84.6M
$680.9M
Q3 25
$80.3M
$667.1M
Q2 25
$78.9M
$653.7M
Q1 25
$80.2M
$641.8M
Q4 24
$77.8M
$633.5M
Q3 24
$72.6M
$621.4M
Q2 24
$64.6M
$610.4M

Cash Flow & Capital Efficiency

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

Metric
MRAM
MRAM
YORW
YORW
Operating Cash FlowLast quarter
$570.0K
$8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRAM
MRAM
YORW
YORW
Q1 26
$570.0K
Q4 25
$2.6M
$8.4M
Q3 25
$881.0K
$7.8M
Q2 25
$5.0M
$7.6M
Q1 25
$1.4M
$6.0M
Q4 24
$3.8M
$10.2M
Q3 24
$2.8M
$7.5M
Q2 24
$1.7M
$6.7M
Free Cash Flow
MRAM
MRAM
YORW
YORW
Q1 26
Q4 25
$-975.0K
Q3 25
$543.0K
Q2 25
$3.0M
Q1 25
$527.0K
Q4 24
$2.1M
Q3 24
$2.8M
Q2 24
$1.7M
FCF Margin
MRAM
MRAM
YORW
YORW
Q1 26
Q4 25
-6.6%
Q3 25
3.9%
Q2 25
22.9%
Q1 25
4.0%
Q4 24
15.8%
Q3 24
22.9%
Q2 24
15.9%
Capex Intensity
MRAM
MRAM
YORW
YORW
Q1 26
Q4 25
24.3%
Q3 25
2.4%
Q2 25
15.1%
Q1 25
6.9%
Q4 24
13.2%
Q3 24
0.5%
Q2 24
0.3%
Cash Conversion
MRAM
MRAM
YORW
YORW
Q1 26
Q4 25
2.19×
1.63×
Q3 25
16.31×
1.26×
Q2 25
1.50×
Q1 25
1.65×
Q4 24
3.16×
1.98×
Q3 24
1.25×
1.29×
Q2 24
1.34×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRAM
MRAM

Product sales$14.1M95%
Licensing, royalty, patent, engineering services and other revenue$772.0K5%

YORW
YORW

Segment breakdown not available.

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