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Side-by-side financial comparison of Meridian Corp (MRBK) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

Meridian Corp is the larger business by last-quarter revenue ($34.2M vs $22.7M, roughly 1.5× R F INDUSTRIES LTD). Meridian Corp runs the higher net margin — 428.0% vs 0.8%, a 427.2% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs 5.1%). Meridian Corp produced more free cash flow last quarter ($22.6M vs $2.0M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs 18.0%).

Meridian Audio is a consumer audio and home theatre equipment manufacturer based in the United Kingdom. Bob Stuart and Allen Boothroyd founded the company in 1977 under the name Boothroyd-Stuart. In 1985 the company released a CD player under the brand name, Meridian. The company also created the lossless compression format Meridian Lossless Packing in 1998 and the lossy Master Quality Authenticated (MQA) format in 2014.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

MRBK vs RFIL — Head-to-Head

Bigger by revenue
MRBK
MRBK
1.5× larger
MRBK
$34.2M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+17.8% gap
RFIL
22.9%
5.1%
MRBK
Higher net margin
MRBK
MRBK
427.2% more per $
MRBK
428.0%
0.8%
RFIL
More free cash flow
MRBK
MRBK
$20.5M more FCF
MRBK
$22.6M
$2.0M
RFIL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
18.0%
MRBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
MRBK
MRBK
RFIL
RFIL
Revenue
$34.2M
$22.7M
Net Profit
$7.2M
$173.0K
Gross Margin
36.8%
Operating Margin
27.2%
4.0%
Net Margin
428.0%
0.8%
Revenue YoY
5.1%
22.9%
Net Profit YoY
28.3%
172.7%
EPS (diluted)
$0.61
$0.01

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
MRBK
MRBK
RFIL
RFIL
Q4 25
$34.2M
$22.7M
Q3 25
$33.1M
$19.8M
Q2 25
$32.4M
$18.9M
Q1 25
$27.1M
$19.2M
Q4 24
$32.6M
$18.5M
Q3 24
$29.1M
$16.8M
Q2 24
$26.1M
$16.1M
Q1 24
$24.6M
$13.5M
Net Profit
MRBK
MRBK
RFIL
RFIL
Q4 25
$7.2M
$173.0K
Q3 25
$6.7M
$392.0K
Q2 25
$5.6M
$-245.0K
Q1 25
$2.4M
$-245.0K
Q4 24
$5.6M
$-238.0K
Q3 24
$4.7M
$-705.0K
Q2 24
$3.3M
$-4.3M
Q1 24
$2.7M
$-1.4M
Gross Margin
MRBK
MRBK
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
MRBK
MRBK
RFIL
RFIL
Q4 25
27.2%
4.0%
Q3 25
26.2%
3.6%
Q2 25
22.5%
0.6%
Q1 25
11.6%
0.3%
Q4 24
23.3%
0.5%
Q3 24
21.5%
-2.5%
Q2 24
16.8%
-2.6%
Q1 24
14.4%
-15.5%
Net Margin
MRBK
MRBK
RFIL
RFIL
Q4 25
428.0%
0.8%
Q3 25
20.1%
2.0%
Q2 25
17.2%
-1.3%
Q1 25
8.9%
-1.3%
Q4 24
366.8%
-1.3%
Q3 24
16.3%
-4.2%
Q2 24
12.7%
-26.7%
Q1 24
10.9%
-10.1%
EPS (diluted)
MRBK
MRBK
RFIL
RFIL
Q4 25
$0.61
$0.01
Q3 25
$0.58
$0.04
Q2 25
$0.49
$-0.02
Q1 25
$0.21
$-0.02
Q4 24
$0.49
$-0.02
Q3 24
$0.42
$-0.07
Q2 24
$0.30
$-0.41
Q1 24
$0.24
$-0.13

Balance Sheet & Financial Strength

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

Metric
MRBK
MRBK
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$199.7M
$35.2M
Total Assets
$2.6B
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MRBK
MRBK
RFIL
RFIL
Q4 25
$5.1M
Q3 25
$3.0M
Q2 25
$3.6M
Q1 25
$1.3M
Q4 24
$839.0K
Q3 24
$1.8M
Q2 24
$1.4M
Q1 24
$4.5M
Stockholders' Equity
MRBK
MRBK
RFIL
RFIL
Q4 25
$199.7M
$35.2M
Q3 25
$188.0M
$34.8M
Q2 25
$178.0M
$34.2M
Q1 25
$173.6M
$34.2M
Q4 24
$171.5M
$34.1M
Q3 24
$167.4M
$34.1M
Q2 24
$162.4M
$34.6M
Q1 24
$159.9M
$38.7M
Total Assets
MRBK
MRBK
RFIL
RFIL
Q4 25
$2.6B
$73.0M
Q3 25
$2.5B
$73.2M
Q2 25
$2.5B
$72.7M
Q1 25
$2.5B
$70.4M
Q4 24
$2.4B
$71.0M
Q3 24
$2.4B
$71.9M
Q2 24
$2.4B
$72.8M
Q1 24
$2.3B
$79.1M

Cash Flow & Capital Efficiency

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

Metric
MRBK
MRBK
RFIL
RFIL
Operating Cash FlowLast quarter
$24.3M
$2.1M
Free Cash FlowOCF − Capex
$22.6M
$2.0M
FCF MarginFCF / Revenue
65.9%
9.0%
Capex IntensityCapex / Revenue
5.1%
0.3%
Cash ConversionOCF / Net Profit
3.38×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$51.7M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MRBK
MRBK
RFIL
RFIL
Q4 25
$24.3M
$2.1M
Q3 25
$24.4M
$-311.0K
Q2 25
$-12.0M
$2.2M
Q1 25
$18.1M
$601.0K
Q4 24
$9.6M
$-244.0K
Q3 24
$31.2M
$2.4M
Q2 24
$-19.2M
$197.0K
Q1 24
$-1.7M
$840.0K
Free Cash Flow
MRBK
MRBK
RFIL
RFIL
Q4 25
$22.6M
$2.0M
Q3 25
$24.0M
$-419.0K
Q2 25
$-12.7M
$2.2M
Q1 25
$17.9M
$574.0K
Q4 24
$9.0M
$-418.0K
Q3 24
$29.5M
$2.1M
Q2 24
$-19.3M
$28.0K
Q1 24
$-3.6M
$697.0K
FCF Margin
MRBK
MRBK
RFIL
RFIL
Q4 25
65.9%
9.0%
Q3 25
72.4%
-2.1%
Q2 25
-39.1%
11.4%
Q1 25
65.9%
3.0%
Q4 24
27.7%
-2.3%
Q3 24
101.4%
12.6%
Q2 24
-73.8%
0.2%
Q1 24
-14.7%
5.2%
Capex Intensity
MRBK
MRBK
RFIL
RFIL
Q4 25
5.1%
0.3%
Q3 25
1.4%
0.5%
Q2 25
1.9%
0.2%
Q1 25
1.0%
0.1%
Q4 24
1.7%
0.9%
Q3 24
6.0%
1.5%
Q2 24
0.2%
1.0%
Q1 24
7.8%
1.1%
Cash Conversion
MRBK
MRBK
RFIL
RFIL
Q4 25
3.38×
12.13×
Q3 25
3.66×
-0.79×
Q2 25
-2.15×
Q1 25
7.55×
Q4 24
1.71×
Q3 24
6.58×
Q2 24
-5.78×
Q1 24
-0.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MRBK
MRBK

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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