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Side-by-side financial comparison of Origin Bancorp, Inc. (OBK) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

Origin Bancorp, Inc. is the larger business by last-quarter revenue ($104.0M vs $57.6M, roughly 1.8× Phathom Pharmaceuticals, Inc.).

Southern Bancorp is a community development financial institution headquartered in Arkadelphia, Arkansas. It was founded in 1986 as Southern Development Bancorporation, and is often referred to simply as "Southern".

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

OBK vs PHAT — Head-to-Head

Bigger by revenue
OBK
OBK
1.8× larger
OBK
$104.0M
$57.6M
PHAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
OBK
OBK
PHAT
PHAT
Revenue
$104.0M
$57.6M
Net Profit
$27.7M
Gross Margin
86.7%
Operating Margin
Net Margin
26.6%
Revenue YoY
94.1%
Net Profit YoY
71.6%
EPS (diluted)
$0.89

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
OBK
OBK
PHAT
PHAT
Q1 26
$104.0M
Q4 25
$103.4M
$57.6M
Q3 25
$109.8M
$49.5M
Q2 25
$83.5M
$39.5M
Q1 25
$94.1M
$28.5M
Q4 24
$78.3M
$29.7M
Q3 24
$90.8M
$16.4M
Q2 24
$96.4M
$7.3M
Net Profit
OBK
OBK
PHAT
PHAT
Q1 26
$27.7M
Q4 25
$29.5M
Q3 25
$8.6M
$-30.0M
Q2 25
$14.6M
$-75.8M
Q1 25
$22.4M
$-94.3M
Q4 24
$14.3M
Q3 24
$18.6M
$-85.6M
Q2 24
$21.0M
$-91.4M
Gross Margin
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Operating Margin
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
36.2%
Q3 25
10.0%
-30.8%
Q2 25
22.3%
-151.7%
Q1 25
30.4%
-276.5%
Q4 24
23.0%
Q3 24
26.1%
-433.0%
Q2 24
27.7%
-1055.4%
Net Margin
OBK
OBK
PHAT
PHAT
Q1 26
26.6%
Q4 25
28.5%
Q3 25
7.9%
-60.5%
Q2 25
17.5%
-191.9%
Q1 25
23.8%
-330.7%
Q4 24
18.2%
Q3 24
20.5%
-523.3%
Q2 24
21.8%
-1248.6%
EPS (diluted)
OBK
OBK
PHAT
PHAT
Q1 26
$0.89
Q4 25
$0.95
Q3 25
$0.27
$-0.41
Q2 25
$0.47
$-1.05
Q1 25
$0.71
$-1.31
Q4 24
$0.45
Q3 24
$0.60
$-1.32
Q2 24
$0.67
$-1.56

Balance Sheet & Financial Strength

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

Metric
OBK
OBK
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$1.3B
$-438.2M
Total Assets
$10.2B
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
$424.2M
$130.0M
Q3 25
$626.9M
$135.2M
Q2 25
$334.1M
$149.6M
Q1 25
$486.2M
$212.3M
Q4 24
$470.2M
$297.3M
Q3 24
$321.2M
$334.7M
Q2 24
$288.1M
$276.2M
Total Debt
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Stockholders' Equity
OBK
OBK
PHAT
PHAT
Q1 26
$1.3B
Q4 25
$1.2B
$-438.2M
Q3 25
$1.2B
$-422.5M
Q2 25
$1.2B
$-405.8M
Q1 25
$1.2B
$-338.4M
Q4 24
$1.1B
$-253.6M
Q3 24
$1.1B
$-187.1M
Q2 24
$1.1B
$-233.8M
Total Assets
OBK
OBK
PHAT
PHAT
Q1 26
$10.2B
Q4 25
$9.7B
$259.1M
Q3 25
$9.8B
$240.3M
Q2 25
$9.7B
$250.2M
Q1 25
$9.8B
$294.2M
Q4 24
$9.7B
$378.3M
Q3 24
$10.0B
$387.0M
Q2 24
$9.9B
$319.4M

Cash Flow & Capital Efficiency

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

Metric
OBK
OBK
PHAT
PHAT
Operating Cash FlowLast quarter
$-166.8M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
$158.9M
$-166.8M
Q3 25
$59.3M
$-14.1M
Q2 25
$20.6M
$-62.7M
Q1 25
$35.6M
$-84.9M
Q4 24
$108.5M
$-266.8M
Q3 24
$39.6M
$-63.6M
Q2 24
$11.9M
$-70.7M
Free Cash Flow
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
$151.1M
$-167.0M
Q3 25
$56.8M
$-14.1M
Q2 25
$19.6M
$-62.8M
Q1 25
$34.8M
$-84.9M
Q4 24
$86.4M
$-266.9M
Q3 24
$32.2M
$-63.6M
Q2 24
$6.5M
$-70.8M
FCF Margin
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
146.0%
-290.0%
Q3 25
51.7%
-28.6%
Q2 25
23.5%
-159.0%
Q1 25
37.0%
-297.9%
Q4 24
110.3%
-899.8%
Q3 24
35.5%
-389.0%
Q2 24
6.8%
-966.2%
Capex Intensity
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
7.6%
0.4%
Q3 25
2.3%
0.1%
Q2 25
1.2%
0.2%
Q1 25
0.8%
0.1%
Q4 24
28.1%
0.5%
Q3 24
8.1%
0.3%
Q2 24
5.6%
0.6%
Cash Conversion
OBK
OBK
PHAT
PHAT
Q1 26
Q4 25
5.38×
Q3 25
6.88×
Q2 25
1.41×
Q1 25
1.59×
Q4 24
7.60×
Q3 24
2.13×
Q2 24
0.57×

Financial Flow Comparison

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

Revenue Breakdown by Segment

OBK
OBK

Net Interest Income$87.2M84%
Noninterest Income$16.8M16%

PHAT
PHAT

Segment breakdown not available.

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