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Side-by-side financial comparison of Ponce Financial Group, Inc. (PDLB) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Waterstone Financial, Inc. is the larger business by last-quarter revenue ($37.2M vs $31.4M, roughly 1.2× Ponce Financial Group, Inc.). On growth, Ponce Financial Group, Inc. posted the faster year-over-year revenue change (37.6% vs 16.7%). Ponce Financial Group, Inc. produced more free cash flow last quarter ($54.6M vs $23.0M). Over the past eight quarters, Ponce Financial Group, Inc.'s revenue compounded faster (23.7% CAGR vs 7.1%).
Ponce Financial Group, Inc. is a U.S.-based financial holding company operating Ponce Bank as its core subsidiary. It serves multicultural, immigrant and low-to-moderate income communities in the New York metro area, offering retail and commercial banking products including deposits, mortgages, small business financing and personal credit.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
PDLB vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $31.4M | $37.2M |
| Net Profit | $10.1M | — |
| Gross Margin | — | — |
| Operating Margin | 43.6% | 27.0% |
| Net Margin | 36.3% | — |
| Revenue YoY | 37.6% | 16.7% |
| Net Profit YoY | 245.6% | — |
| EPS (diluted) | $0.43 | $0.43 |
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.
| Q4 25 | $31.4M | $37.2M | ||
| Q3 25 | $26.7M | $37.0M | ||
| Q2 25 | $26.5M | $38.0M | ||
| Q1 25 | $24.6M | $29.7M | ||
| Q4 24 | $22.8M | $31.8M | ||
| Q3 24 | $20.2M | $34.1M | ||
| Q2 24 | $20.2M | $37.2M | ||
| Q1 24 | $20.5M | $32.4M |
| Q4 25 | $10.1M | — | ||
| Q3 25 | $6.5M | $7.9M | ||
| Q2 25 | $6.1M | $7.7M | ||
| Q1 25 | $6.0M | $3.0M | ||
| Q4 24 | $2.9M | — | ||
| Q3 24 | $2.4M | $4.7M | ||
| Q2 24 | $3.2M | $5.7M | ||
| Q1 24 | $2.4M | $3.0M |
| Q4 25 | 43.6% | 27.0% | ||
| Q3 25 | 32.8% | 26.6% | ||
| Q2 25 | 30.2% | 25.4% | ||
| Q1 25 | 32.5% | 13.1% | ||
| Q4 24 | 19.6% | 19.5% | ||
| Q3 24 | 15.2% | 17.3% | ||
| Q2 24 | 21.8% | 19.2% | ||
| Q1 24 | 18.3% | 14.7% |
| Q4 25 | 36.3% | — | ||
| Q3 25 | 24.3% | 21.4% | ||
| Q2 25 | 23.0% | 20.3% | ||
| Q1 25 | 24.2% | 10.2% | ||
| Q4 24 | 14.1% | — | ||
| Q3 24 | 12.1% | 13.9% | ||
| Q2 24 | 15.8% | 15.4% | ||
| Q1 24 | 11.8% | 9.4% |
| Q4 25 | $0.43 | $0.43 | ||
| Q3 25 | $0.27 | $0.45 | ||
| Q2 25 | $0.25 | $0.43 | ||
| Q1 25 | $0.25 | $0.17 | ||
| Q4 24 | $0.11 | $0.28 | ||
| Q3 24 | $0.10 | $0.26 | ||
| Q2 24 | $0.14 | $0.31 | ||
| Q1 24 | $0.11 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $126.2M | — |
| Total DebtLower is stronger | $596.1M | $412.3M |
| Stockholders' EquityBook value | $541.5M | $349.4M |
| Total Assets | $3.2B | $2.3B |
| Debt / EquityLower = less leverage | 1.10× | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $126.2M | — | ||
| Q3 25 | $146.6M | — | ||
| Q2 25 | $126.6M | — | ||
| Q1 25 | $129.9M | — | ||
| Q4 24 | $139.8M | — | ||
| Q3 24 | $155.8M | — | ||
| Q2 24 | $103.2M | — | ||
| Q1 24 | $134.7M | — |
| Q4 25 | $596.1M | $412.3M | ||
| Q3 25 | $521.1M | $469.1M | ||
| Q2 25 | $536.1M | $465.7M | ||
| Q1 25 | $521.1M | $395.9M | ||
| Q4 24 | $596.1M | $446.5M | ||
| Q3 24 | $580.4M | $560.1M | ||
| Q2 24 | $680.4M | $660.8M | ||
| Q1 24 | $680.4M | $634.2M |
| Q4 25 | $541.5M | $349.4M | ||
| Q3 25 | $529.8M | $345.5M | ||
| Q2 25 | $521.1M | $341.5M | ||
| Q1 25 | $513.9M | $341.4M | ||
| Q4 24 | $505.5M | $339.1M | ||
| Q3 24 | $504.6M | $342.0M | ||
| Q2 24 | $497.7M | $334.9M | ||
| Q1 24 | $493.7M | $338.0M |
| Q4 25 | $3.2B | $2.3B | ||
| Q3 25 | $3.2B | $2.3B | ||
| Q2 25 | $3.2B | $2.3B | ||
| Q1 25 | $3.1B | $2.2B | ||
| Q4 24 | $3.0B | $2.2B | ||
| Q3 24 | $3.0B | $2.2B | ||
| Q2 24 | $2.8B | $2.3B | ||
| Q1 24 | $2.8B | $2.2B |
| Q4 25 | 1.10× | 1.18× | ||
| Q3 25 | 0.98× | 1.36× | ||
| Q2 25 | 1.03× | 1.36× | ||
| Q1 25 | 1.01× | 1.16× | ||
| Q4 24 | 1.18× | 1.32× | ||
| Q3 24 | 1.15× | 1.64× | ||
| Q2 24 | 1.37× | 1.97× | ||
| Q1 24 | 1.38× | 1.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $55.6M | $24.2M |
| Free Cash FlowOCF − Capex | $54.6M | $23.0M |
| FCF MarginFCF / Revenue | 173.9% | 61.9% |
| Capex IntensityCapex / Revenue | 3.1% | 3.1% |
| Cash ConversionOCF / Net Profit | 5.48× | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.3M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $55.6M | $24.2M | ||
| Q3 25 | $1.4M | $32.7M | ||
| Q2 25 | $6.2M | $-38.4M | ||
| Q1 25 | $13.1M | $26.7M | ||
| Q4 24 | $7.2M | $48.1M | ||
| Q3 24 | $-14.6M | $74.1M | ||
| Q2 24 | $-2.6M | $-39.5M | ||
| Q1 24 | $1.5M | $-9.9M |
| Q4 25 | $54.6M | $23.0M | ||
| Q3 25 | $786.0K | $32.4M | ||
| Q2 25 | $5.9M | $-38.5M | ||
| Q1 25 | $12.9M | $26.5M | ||
| Q4 24 | $4.5M | $47.0M | ||
| Q3 24 | $-15.0M | $73.9M | ||
| Q2 24 | $-2.6M | $-39.7M | ||
| Q1 24 | $-315.0K | $-10.3M |
| Q4 25 | 173.9% | 61.9% | ||
| Q3 25 | 2.9% | 87.5% | ||
| Q2 25 | 22.4% | -101.2% | ||
| Q1 25 | 52.6% | 89.2% | ||
| Q4 24 | 19.7% | 147.5% | ||
| Q3 24 | -74.1% | 216.9% | ||
| Q2 24 | -13.0% | -106.7% | ||
| Q1 24 | -1.5% | -31.9% |
| Q4 25 | 3.1% | 3.1% | ||
| Q3 25 | 2.3% | 0.8% | ||
| Q2 25 | 1.0% | 0.2% | ||
| Q1 25 | 0.6% | 0.9% | ||
| Q4 24 | 11.9% | 3.5% | ||
| Q3 24 | 2.0% | 0.6% | ||
| Q2 24 | 0.3% | 0.4% | ||
| Q1 24 | 8.7% | 1.2% |
| Q4 25 | 5.48× | — | ||
| Q3 25 | 0.21× | 4.13× | ||
| Q2 25 | 1.01× | -4.98× | ||
| Q1 25 | 2.20× | 8.81× | ||
| Q4 24 | 2.46× | — | ||
| Q3 24 | -5.99× | 15.67× | ||
| Q2 24 | -0.80× | -6.92× | ||
| Q1 24 | 0.61× | -3.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
