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Side-by-side financial comparison of SES AI Corp (SES) and Winchester Bancorp, Inc. (WSBK). Click either name above to swap in a different company.
Winchester Bancorp, Inc. is the larger business by last-quarter revenue ($6.4M vs $4.6M, roughly 1.4× SES AI Corp). Winchester Bancorp, Inc. runs the higher net margin — 16.7% vs -373.5%, a 390.1% gap on every dollar of revenue.
SES S.A. is a Luxembourgish communications satellite operator supplying video and data connectivity worldwide to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions.
Winchester Bancorp, Inc. (Maryland) is a regional bank holding company operating community banking outlets across Maryland. It provides a full range of retail and commercial financial services, including deposit accounts, mortgage loans, small business loans, and wealth management solutions, serving individual consumers and local small to medium-sized enterprise clients.
SES vs WSBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $4.6M | $6.4M |
| Net Profit | $-17.0M | $1.1M |
| Gross Margin | 11.3% | — |
| Operating Margin | -387.7% | 20.9% |
| Net Margin | -373.5% | 16.7% |
| Revenue YoY | — | 45.8% |
| Net Profit YoY | 50.7% | 187.9% |
| EPS (diluted) | $-0.05 | $0.12 |
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 | $4.6M | $6.4M | ||
| Q3 25 | $7.1M | $5.8M | ||
| Q2 25 | $3.5M | — | ||
| Q1 25 | $5.8M | $4.4M | ||
| Q4 24 | — | $4.4M |
| Q4 25 | $-17.0M | $1.1M | ||
| Q3 25 | $-20.9M | $962.0K | ||
| Q2 25 | $-22.7M | — | ||
| Q1 25 | $-12.4M | $305.0K | ||
| Q4 24 | — | $373.0K |
| Q4 25 | 11.3% | — | ||
| Q3 25 | 51.1% | — | ||
| Q2 25 | 73.7% | — | ||
| Q1 25 | 78.7% | — | ||
| Q4 24 | — | — |
| Q4 25 | -387.7% | 20.9% | ||
| Q3 25 | -262.0% | 22.8% | ||
| Q2 25 | -652.3% | — | ||
| Q1 25 | -401.7% | 8.5% | ||
| Q4 24 | — | 9.4% |
| Q4 25 | -373.5% | 16.7% | ||
| Q3 25 | -293.9% | 16.6% | ||
| Q2 25 | -642.2% | — | ||
| Q1 25 | -214.6% | 7.0% | ||
| Q4 24 | — | 8.4% |
| Q4 25 | $-0.05 | $0.12 | ||
| Q3 25 | $-0.06 | $0.11 | ||
| Q2 25 | $-0.07 | — | ||
| Q1 25 | $-0.04 | — | ||
| Q4 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.5M | $54.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $214.8M | $118.2M |
| Total Assets | $272.6M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $29.5M | $54.8M | ||
| Q3 25 | $35.3M | $57.7M | ||
| Q2 25 | $11.8M | — | ||
| Q1 25 | $56.1M | $66.6M | ||
| Q4 24 | — | $41.5M |
| Q4 25 | $214.8M | $118.2M | ||
| Q3 25 | $228.2M | $117.0M | ||
| Q2 25 | $249.2M | — | ||
| Q1 25 | $269.9M | $80.9M | ||
| Q4 24 | — | $80.3M |
| Q4 25 | $272.6M | $1.0B | ||
| Q3 25 | $288.8M | $1.0B | ||
| Q2 25 | $290.5M | — | ||
| Q1 25 | $306.0M | $923.1M | ||
| Q4 24 | — | $894.1M |
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 | $-10.4M | $1.6M |
| Free Cash FlowOCF − Capex | $-11.1M | — |
| FCF MarginFCF / Revenue | -243.7% | — |
| Capex IntensityCapex / Revenue | 15.6% | — |
| Cash ConversionOCF / Net Profit | — | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-61.2M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.4M | $1.6M | ||
| Q3 25 | $-14.3M | $1.4M | ||
| Q2 25 | $-10.8M | — | ||
| Q1 25 | $-22.8M | $848.0K | ||
| Q4 24 | — | — |
| Q4 25 | $-11.1M | — | ||
| Q3 25 | $-14.7M | — | ||
| Q2 25 | $-11.6M | — | ||
| Q1 25 | $-23.7M | — | ||
| Q4 24 | — | — |
| Q4 25 | -243.7% | — | ||
| Q3 25 | -206.9% | — | ||
| Q2 25 | -329.6% | — | ||
| Q1 25 | -410.0% | — | ||
| Q4 24 | — | — |
| Q4 25 | 15.6% | — | ||
| Q3 25 | 6.0% | — | ||
| Q2 25 | 22.8% | — | ||
| Q1 25 | 15.8% | — | ||
| Q4 24 | — | — |
| Q4 25 | — | 1.44× | ||
| Q3 25 | — | 1.41× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 2.78× | ||
| Q4 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
