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Side-by-side financial comparison of SHORE BANCSHARES INC (SHBI) and System1, Inc. (SST). Click either name above to swap in a different company.
SHORE BANCSHARES INC is the larger business by last-quarter revenue ($59.1M vs $51.9M, roughly 1.1× System1, Inc.). On growth, SHORE BANCSHARES INC posted the faster year-over-year revenue change (11.8% vs -31.3%). Over the past eight quarters, SHORE BANCSHARES INC's revenue compounded faster (11.3% CAGR vs -21.8%).
Shore Bancshares Inc. is a U.S. regional bank holding company headquartered in Maryland. It offers a full range of retail and commercial banking services, including deposit products, personal and commercial loans, and wealth management solutions, primarily serving local individual customers, small businesses and mid-sized enterprises in its operating regions.
System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.
SHBI vs SST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $59.1M | $51.9M |
| Net Profit | — | $-13.5M |
| Gross Margin | — | 41.0% |
| Operating Margin | 35.2% | -33.6% |
| Net Margin | — | -26.0% |
| Revenue YoY | 11.8% | -31.3% |
| Net Profit YoY | — | 4.8% |
| EPS (diluted) | $0.48 | $-3.58 |
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 | $59.1M | $51.9M | ||
| Q3 25 | $56.4M | $61.6M | ||
| Q2 25 | $56.6M | $78.1M | ||
| Q1 25 | $53.0M | $74.5M | ||
| Q4 24 | $52.9M | $75.6M | ||
| Q3 24 | $50.5M | $88.8M | ||
| Q2 24 | $50.6M | $94.6M | ||
| Q1 24 | $47.7M | $84.9M |
| Q4 25 | — | $-13.5M | ||
| Q3 25 | $14.3M | $-18.5M | ||
| Q2 25 | $15.5M | $-17.5M | ||
| Q1 25 | $13.8M | $-15.9M | ||
| Q4 24 | — | $-14.2M | ||
| Q3 24 | $11.2M | $-23.6M | ||
| Q2 24 | $11.2M | $-26.4M | ||
| Q1 24 | $8.2M | $-10.5M |
| Q4 25 | — | 41.0% | ||
| Q3 25 | — | 36.9% | ||
| Q2 25 | — | 35.7% | ||
| Q1 25 | — | 38.2% | ||
| Q4 24 | — | 42.1% | ||
| Q3 24 | — | 28.0% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | 21.9% |
| Q4 25 | 35.2% | -33.6% | ||
| Q3 25 | 33.7% | -25.3% | ||
| Q2 25 | 36.5% | -20.4% | ||
| Q1 25 | 34.4% | -17.6% | ||
| Q4 24 | 34.3% | -15.7% | ||
| Q3 24 | 29.6% | -24.6% | ||
| Q2 24 | 29.7% | -30.8% | ||
| Q1 24 | 22.2% | -30.4% |
| Q4 25 | — | -26.0% | ||
| Q3 25 | 25.5% | -30.1% | ||
| Q2 25 | 27.4% | -22.4% | ||
| Q1 25 | 26.0% | -21.3% | ||
| Q4 24 | — | -18.7% | ||
| Q3 24 | 22.1% | -26.6% | ||
| Q2 24 | 22.2% | -27.9% | ||
| Q1 24 | 17.2% | -12.4% |
| Q4 25 | $0.48 | $-3.58 | ||
| Q3 25 | $0.43 | $-2.30 | ||
| Q2 25 | $0.46 | $-2.23 | ||
| Q1 25 | $0.41 | $-0.21 | ||
| Q4 24 | $0.39 | $-3.41 | ||
| Q3 24 | $0.34 | $-3.37 | ||
| Q2 24 | $0.34 | $-3.80 | ||
| Q1 24 | $0.25 | $-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 | $355.6M | $86.9M |
| Total DebtLower is stronger | $89.1M | $305.1M |
| Stockholders' EquityBook value | $589.9M | $30.5M |
| Total Assets | $6.3B | $405.0M |
| Debt / EquityLower = less leverage | 0.15× | 10.01× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.6M | $86.9M | ||
| Q3 25 | $416.5M | $54.6M | ||
| Q2 25 | $185.0M | $63.6M | ||
| Q1 25 | $389.0M | $43.9M | ||
| Q4 24 | $459.9M | $63.6M | ||
| Q3 24 | $183.6M | $69.1M | ||
| Q2 24 | $138.9M | $75.7M | ||
| Q1 24 | $114.6M | $69.9M |
| Q4 25 | $89.1M | $305.1M | ||
| Q3 25 | $74.5M | $259.2M | ||
| Q2 25 | $74.2M | $263.3M | ||
| Q1 25 | $74.0M | $267.4M | ||
| Q4 24 | $73.7M | $255.1M | ||
| Q3 24 | $123.5M | $259.2M | ||
| Q2 24 | $122.8M | $263.3M | ||
| Q1 24 | $72.6M | $268.6M |
| Q4 25 | $589.9M | $30.5M | ||
| Q3 25 | $577.2M | $42.7M | ||
| Q2 25 | $565.2M | $58.2M | ||
| Q1 25 | $552.5M | $67.2M | ||
| Q4 24 | $541.1M | $80.3M | ||
| Q3 24 | $533.3M | $90.3M | ||
| Q2 24 | $522.8M | $109.4M | ||
| Q1 24 | $515.2M | $131.7M |
| Q4 25 | $6.3B | $405.0M | ||
| Q3 25 | $6.3B | $385.2M | ||
| Q2 25 | $6.0B | $429.2M | ||
| Q1 25 | $6.2B | $419.2M | ||
| Q4 24 | $6.2B | $459.1M | ||
| Q3 24 | $5.9B | $479.3M | ||
| Q2 24 | $5.9B | $511.3M | ||
| Q1 24 | $5.8B | $521.1M |
| Q4 25 | 0.15× | 10.01× | ||
| Q3 25 | 0.13× | 6.07× | ||
| Q2 25 | 0.13× | 4.53× | ||
| Q1 25 | 0.13× | 3.98× | ||
| Q4 24 | 0.14× | 3.18× | ||
| Q3 24 | 0.23× | 2.87× | ||
| Q2 24 | 0.23× | 2.41× | ||
| Q1 24 | 0.14× | 2.04× |
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 | $62.4M | $-10.6M |
| Free Cash FlowOCF − Capex | $59.2M | — |
| FCF MarginFCF / Revenue | 100.2% | — |
| Capex IntensityCapex / Revenue | 5.4% | 0.0% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $110.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.4M | $-10.6M | ||
| Q3 25 | $42.5M | $-2.1M | ||
| Q2 25 | $-8.3M | $24.5M | ||
| Q1 25 | $19.8M | $-15.9M | ||
| Q4 24 | $46.9M | $772.0K | ||
| Q3 24 | $9.1M | $-5.0K | ||
| Q2 24 | $3.0M | $10.0M | ||
| Q1 24 | $2.4M | $-16.0M |
| Q4 25 | $59.2M | — | ||
| Q3 25 | $41.9M | — | ||
| Q2 25 | $-9.2M | — | ||
| Q1 25 | $18.8M | $-16.0M | ||
| Q4 24 | $41.7M | — | ||
| Q3 24 | $8.4M | $-36.0K | ||
| Q2 24 | $1.4M | — | ||
| Q1 24 | $614.0K | — |
| Q4 25 | 100.2% | — | ||
| Q3 25 | 74.3% | — | ||
| Q2 25 | -16.3% | — | ||
| Q1 25 | 35.4% | -21.5% | ||
| Q4 24 | 78.8% | — | ||
| Q3 24 | 16.7% | -0.0% | ||
| Q2 24 | 2.9% | — | ||
| Q1 24 | 1.3% | — |
| Q4 25 | 5.4% | 0.0% | ||
| Q3 25 | 1.0% | 0.0% | ||
| Q2 25 | 1.6% | 0.0% | ||
| Q1 25 | 1.9% | 0.1% | ||
| Q4 24 | 9.9% | 0.0% | ||
| Q3 24 | 1.2% | 0.0% | ||
| Q2 24 | 3.1% | 0.0% | ||
| Q1 24 | 3.7% | 0.0% |
| Q4 25 | — | — | ||
| Q3 25 | 2.96× | — | ||
| Q2 25 | -0.54× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.81× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
