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Side-by-side financial comparison of 1ST SOURCE CORP (SRCE) and Tilray Brands, Inc. (TLRY). Click either name above to swap in a different company.

Tilray Brands, Inc. is the larger business by last-quarter revenue ($217.5M vs $113.1M, roughly 1.9× 1ST SOURCE CORP). 1ST SOURCE CORP runs the higher net margin — 35.3% vs -20.7%, a 56.0% gap on every dollar of revenue. On growth, 1ST SOURCE CORP posted the faster year-over-year revenue change (8.7% vs 3.1%). Over the past eight quarters, 1ST SOURCE CORP's revenue compounded faster (7.8% CAGR vs 7.5%).

1st Source Corporation is a financial services company headquartered in South Bend, Indiana. It operates 1st Source Bank, a bank with 81 branches in Indiana and Michigan. The bank's Specialty Finance Group provides financing for aircraft, trucks, and construction equipment. 1st Source Insurance provides insurance products and services.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

SRCE vs TLRY — Head-to-Head

Bigger by revenue
TLRY
TLRY
1.9× larger
TLRY
$217.5M
$113.1M
SRCE
Growing faster (revenue YoY)
SRCE
SRCE
+5.6% gap
SRCE
8.7%
3.1%
TLRY
Higher net margin
SRCE
SRCE
56.0% more per $
SRCE
35.3%
-20.7%
TLRY
Faster 2-yr revenue CAGR
SRCE
SRCE
Annualised
SRCE
7.8%
7.5%
TLRY

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
SRCE
SRCE
TLRY
TLRY
Revenue
$113.1M
$217.5M
Net Profit
$40.0M
$-44.9M
Gross Margin
26.4%
Operating Margin
45.4%
-10.2%
Net Margin
35.3%
-20.7%
Revenue YoY
8.7%
3.1%
Net Profit YoY
6.5%
47.4%
EPS (diluted)
$1.63
$-0.41

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
SRCE
SRCE
TLRY
TLRY
Q1 26
$113.1M
Q4 25
$110.8M
$217.5M
Q3 25
$110.7M
$209.5M
Q2 25
$108.2M
$224.5M
Q1 25
$104.0M
$185.8M
Q4 24
$97.8M
$210.9M
Q3 24
$97.9M
$200.0M
Q2 24
$97.3M
$229.9M
Net Profit
SRCE
SRCE
TLRY
TLRY
Q1 26
$40.0M
Q4 25
$41.1M
$-44.9M
Q3 25
$42.3M
$-322.0K
Q2 25
$37.3M
$-1.3B
Q1 25
$37.5M
$-789.4M
Q4 24
$31.4M
$-85.3M
Q3 24
$34.9M
$-39.2M
Q2 24
$36.8M
$-31.7M
Gross Margin
SRCE
SRCE
TLRY
TLRY
Q1 26
Q4 25
26.4%
Q3 25
27.4%
Q2 25
30.1%
Q1 25
28.0%
Q4 24
29.0%
Q3 24
29.8%
Q2 24
35.8%
Operating Margin
SRCE
SRCE
TLRY
TLRY
Q1 26
45.4%
Q4 25
-10.2%
Q3 25
49.7%
1.0%
Q2 25
44.5%
-643.1%
Q1 25
45.8%
-409.0%
Q4 24
-20.0%
Q3 24
46.3%
-18.3%
Q2 24
49.1%
-7.2%
Net Margin
SRCE
SRCE
TLRY
TLRY
Q1 26
35.3%
Q4 25
37.1%
-20.7%
Q3 25
38.2%
-0.2%
Q2 25
34.5%
-566.9%
Q1 25
36.1%
-424.9%
Q4 24
32.1%
-40.5%
Q3 24
35.7%
-19.6%
Q2 24
37.8%
-13.8%
EPS (diluted)
SRCE
SRCE
TLRY
TLRY
Q1 26
$1.63
Q4 25
$1.67
$-0.41
Q3 25
$1.71
$0.00
Q2 25
$1.51
$7.26
Q1 25
$1.52
$-8.69
Q4 24
$1.27
$-0.99
Q3 24
$1.41
$-0.04
Q2 24
$1.49
$-0.04

Balance Sheet & Financial Strength

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

Metric
SRCE
SRCE
TLRY
TLRY
Cash + ST InvestmentsLiquidity on hand
$291.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
$1.6B
Total Assets
$9.1B
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SRCE
SRCE
TLRY
TLRY
Q1 26
Q4 25
$291.6M
Q3 25
$264.8M
Q2 25
$256.4M
Q1 25
Q4 24
$252.2M
Q3 24
$280.1M
Q2 24
$260.5M
Stockholders' Equity
SRCE
SRCE
TLRY
TLRY
Q1 26
$1.3B
Q4 25
$1.3B
$1.6B
Q3 25
$1.2B
$1.5B
Q2 25
$1.2B
$1.5B
Q1 25
$1.2B
$2.7B
Q4 24
$1.1B
$3.5B
Q3 24
$1.1B
$3.5B
Q2 24
$1.0B
$3.4B
Total Assets
SRCE
SRCE
TLRY
TLRY
Q1 26
$9.1B
Q4 25
$9.1B
$2.1B
Q3 25
$9.1B
$2.1B
Q2 25
$9.1B
$2.1B
Q1 25
$9.0B
Q4 24
$8.9B
$4.2B
Q3 24
$8.8B
$4.3B
Q2 24
$8.9B
$4.2B

Cash Flow & Capital Efficiency

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

Metric
SRCE
SRCE
TLRY
TLRY
Operating Cash FlowLast quarter
$59.1M
$-8.5M
Free Cash FlowOCF − Capex
$58.1M
FCF MarginFCF / Revenue
51.4%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
1.48×
TTM Free Cash FlowTrailing 4 quarters
$361.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SRCE
SRCE
TLRY
TLRY
Q1 26
$59.1M
Q4 25
$223.1M
$-8.5M
Q3 25
$51.0M
$-1.3M
Q2 25
$44.9M
$-12.8M
Q1 25
$71.8M
$-5.8M
Q4 24
$193.9M
$-40.7M
Q3 24
$68.4M
$-35.3M
Q2 24
$50.0M
$30.7M
Free Cash Flow
SRCE
SRCE
TLRY
TLRY
Q1 26
$58.1M
Q4 25
$213.0M
Q3 25
$47.3M
Q2 25
$43.0M
$-19.1M
Q1 25
$69.3M
$-20.2M
Q4 24
$181.5M
$-46.2M
Q3 24
$66.7M
$-42.0M
Q2 24
$46.4M
$21.0M
FCF Margin
SRCE
SRCE
TLRY
TLRY
Q1 26
51.4%
Q4 25
192.2%
Q3 25
42.7%
Q2 25
39.8%
-8.5%
Q1 25
66.6%
-10.9%
Q4 24
185.5%
-21.9%
Q3 24
68.1%
-21.0%
Q2 24
47.7%
9.1%
Capex Intensity
SRCE
SRCE
TLRY
TLRY
Q1 26
0.9%
Q4 25
9.1%
Q3 25
3.4%
Q2 25
1.7%
2.8%
Q1 25
2.4%
7.8%
Q4 24
12.6%
2.6%
Q3 24
1.7%
3.4%
Q2 24
3.7%
4.2%
Cash Conversion
SRCE
SRCE
TLRY
TLRY
Q1 26
1.48×
Q4 25
5.42×
Q3 25
1.21×
Q2 25
1.20×
Q1 25
1.91×
Q4 24
6.17×
Q3 24
1.96×
Q2 24
1.36×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SRCE
SRCE

Segment breakdown not available.

TLRY
TLRY

Adultuse Cannabis Products$62.4M29%
Other$59.2M27%
Beverage Alcohol Business$53.6M25%
International Cannabis Products$20.2M9%
Wellness Business$14.6M7%
Medical Cannabis Products$6.2M3%
Wholesale Cannabis Products$1.3M1%

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