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Side-by-side financial comparison of NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP (NEN) and PCB BANCORP (PCB). Click either name above to swap in a different company.

PCB BANCORP is the larger business by last-quarter revenue ($29.2M vs $23.6M, roughly 1.2× NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP). On growth, NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP posted the faster year-over-year revenue change (15.7% vs 11.3%). Over the past eight quarters, PCB BANCORP's revenue compounded faster (10.4% CAGR vs 8.9%).

New England Realty Associates Limited Partnership is a real estate investment entity that owns, operates and manages residential and commercial properties primarily across the U.S. New England region. Its core assets include multifamily apartments, mixed-use properties and small commercial spaces, serving tenants across Massachusetts, New Hampshire and adjacent states, delivering steady returns to unitholders via rental income and property value growth.

PCB Bank is an American community bank that focuses on the Korean-American community based in California and offers commercial banking services. It has branches in 8 states and is the third largest Korean American Bank after Bank of Hope and Hanmi Bank.

NEN vs PCB — Head-to-Head

Bigger by revenue
PCB
PCB
1.2× larger
PCB
$29.2M
$23.6M
NEN
Growing faster (revenue YoY)
NEN
NEN
+4.4% gap
NEN
15.7%
11.3%
PCB
Faster 2-yr revenue CAGR
PCB
PCB
Annualised
PCB
10.4%
8.9%
NEN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NEN
NEN
PCB
PCB
Revenue
$23.6M
$29.2M
Net Profit
$-1.4M
Gross Margin
Operating Margin
14.0%
45.0%
Net Margin
-677.3%
Revenue YoY
15.7%
11.3%
Net Profit YoY
-133.0%
EPS (diluted)
$0.65

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
NEN
NEN
PCB
PCB
Q4 25
$23.6M
$29.2M
Q3 25
$23.7M
$30.4M
Q2 25
$21.2M
$29.3M
Q1 25
$20.7M
$26.9M
Q4 24
$20.4M
$26.2M
Q3 24
$20.2M
$25.3M
Q2 24
$20.1M
$24.2M
Q1 24
$19.9M
$23.9M
Net Profit
NEN
NEN
PCB
PCB
Q4 25
$-1.4M
Q3 25
$-521.8K
$11.4M
Q2 25
$4.1M
$9.1M
Q1 25
$3.8M
$7.7M
Q4 24
$4.2M
Q3 24
$3.9M
$7.8M
Q2 24
$4.1M
$6.3M
Q1 24
$3.5M
$4.7M
Operating Margin
NEN
NEN
PCB
PCB
Q4 25
14.0%
45.0%
Q3 25
20.0%
52.3%
Q2 25
33.3%
43.3%
Q1 25
30.1%
40.2%
Q4 24
32.4%
39.3%
Q3 24
32.0%
42.2%
Q2 24
32.6%
36.3%
Q1 24
28.9%
27.2%
Net Margin
NEN
NEN
PCB
PCB
Q4 25
-677.3%
Q3 25
-2.2%
37.5%
Q2 25
19.5%
31.0%
Q1 25
18.3%
28.8%
Q4 24
20.7%
Q3 24
19.3%
30.8%
Q2 24
20.3%
25.9%
Q1 24
17.4%
19.6%
EPS (diluted)
NEN
NEN
PCB
PCB
Q4 25
$0.65
Q3 25
$0.78
Q2 25
$0.62
Q1 25
$0.53
Q4 24
$0.46
Q3 24
$0.52
Q2 24
$0.43
Q1 24
$0.33

Balance Sheet & Financial Strength

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

Metric
NEN
NEN
PCB
PCB
Cash + ST InvestmentsLiquidity on hand
$26.7M
$207.1M
Total DebtLower is stronger
$531.0M
Stockholders' EquityBook value
$390.0M
Total Assets
$505.3M
$3.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEN
NEN
PCB
PCB
Q4 25
$26.7M
$207.1M
Q3 25
$13.4M
$369.5M
Q2 25
$16.7M
$263.6M
Q1 25
$30.9M
$214.3M
Q4 24
$17.6M
$198.8M
Q3 24
$15.1M
$193.1M
Q2 24
$13.5M
$177.6M
Q1 24
$28.8M
$239.8M
Total Debt
NEN
NEN
PCB
PCB
Q4 25
$531.0M
Q3 25
$514.2M
Q2 25
$514.3M
Q1 25
$407.8M
Q4 24
$408.6M
Q3 24
$409.3M
Q2 24
$410.0M
Q1 24
$410.7M
Stockholders' Equity
NEN
NEN
PCB
PCB
Q4 25
$390.0M
Q3 25
$384.5M
Q2 25
$376.5M
Q1 25
$370.9M
Q4 24
$363.8M
Q3 24
$362.3M
Q2 24
$353.5M
Q1 24
$350.0M
Total Assets
NEN
NEN
PCB
PCB
Q4 25
$505.3M
$3.3B
Q3 25
$492.9M
$3.4B
Q2 25
$494.8M
$3.3B
Q1 25
$385.2M
$3.2B
Q4 24
$393.5M
$3.1B
Q3 24
$387.4M
$2.9B
Q2 24
$383.7M
$2.9B
Q1 24
$381.2M
$2.9B

Cash Flow & Capital Efficiency

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

Metric
NEN
NEN
PCB
PCB
Operating Cash FlowLast quarter
$27.7M
$26.6M
Free Cash FlowOCF − Capex
$24.4M
FCF MarginFCF / Revenue
83.6%
Capex IntensityCapex / Revenue
7.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$46.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEN
NEN
PCB
PCB
Q4 25
$27.7M
$26.6M
Q3 25
$2.3M
$16.4M
Q2 25
$12.5M
$4.9M
Q1 25
$5.5M
$2.3M
Q4 24
$31.9M
$39.0M
Q3 24
$8.5M
$11.9M
Q2 24
$5.4M
$14.6M
Q1 24
$6.1M
$8.2M
Free Cash Flow
NEN
NEN
PCB
PCB
Q4 25
$24.4M
Q3 25
$16.2M
Q2 25
$3.8M
Q1 25
$1.6M
Q4 24
$34.9M
Q3 24
$11.9M
Q2 24
$12.8M
Q1 24
$6.0M
FCF Margin
NEN
NEN
PCB
PCB
Q4 25
83.6%
Q3 25
53.2%
Q2 25
13.1%
Q1 25
6.0%
Q4 24
133.2%
Q3 24
46.8%
Q2 24
53.1%
Q1 24
25.2%
Capex Intensity
NEN
NEN
PCB
PCB
Q4 25
7.5%
Q3 25
0.8%
Q2 25
3.7%
Q1 25
2.8%
Q4 24
15.5%
Q3 24
0.1%
Q2 24
7.3%
Q1 24
9.3%
Cash Conversion
NEN
NEN
PCB
PCB
Q4 25
Q3 25
1.44×
Q2 25
3.02×
0.54×
Q1 25
1.44×
0.30×
Q4 24
7.57×
Q3 24
2.17×
1.52×
Q2 24
1.32×
2.33×
Q1 24
1.77×
1.76×

Financial Flow Comparison

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

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