vs
MERCANTILE BANK CORP（MBWM）与NATURAL ALTERNATIVES INTERNATIONAL INC（NAII）财务数据对比。点击上方公司名可切换其他公司
MERCANTILE BANK CORP的季度营收约是NATURAL ALTERNATIVES INTERNATIONAL INC的1.9倍（$67.6M vs $34.8M），MERCANTILE BANK CORP净利率更高（33.6% vs -7.3%，领先40.9%），过去两年NATURAL ALTERNATIVES INTERNATIONAL INC的营收复合增速更高（17.7% vs 9.1%）
泰米尔纳德商业银行（TMB）是一家印度银行，总部位于泰米尔纳德邦杜蒂戈林。该行始建于1921年，最初名为纳达尔银行，1962年11月更名为泰米尔纳德商业银行，以拓展纳达尔社群以外的业务。目前该银行在印度全境拥有600家全功能网点、12个区域办事处及各类配套服务中心与自助设施。
天然替代品国际公司（NAI）是一家总部位于美国加利福尼亚州卡尔斯巴德的企业，主打营养补充剂生产，知名产品包括Juice Plus。公司由马克·A·勒杜创立于1980年，生产基地分布在美国加利福尼亚州维斯塔、瑞士与日本，在营养补充剂代工生产领域拥有多年经验。
MBWM vs NAII — 直观对比
营收规模更大
MBWM
是对方的1.9倍
$34.8M
净利率更高
MBWM
高出40.9%
-7.3%
两年增速更快
NAII
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $67.6M | $34.8M |
| 净利润 | $22.7M | $-2.6M |
| 毛利率 | — | 7.2% |
| 营业利润率 | — | -5.3% |
| 净利率 | 33.6% | -7.3% |
| 营收同比 | — | 2.1% |
| 净利润同比 | 16.1% | -16.5% |
| 每股收益（稀释后） | $1.32 | $-0.42 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收MBWMNAII
| Q1 26 | $67.6M | — | ||
| Q4 25 | $62.1M | $34.8M | ||
| Q3 25 | $62.4M | $37.7M | ||
| Q2 25 | $60.9M | $33.9M | ||
| Q1 25 | $57.3M | $28.8M | ||
| Q4 24 | $58.5M | $34.1M | ||
| Q3 24 | $58.0M | $33.1M | ||
| Q2 24 | $56.8M | $29.5M |
净利润MBWMNAII
| Q1 26 | $22.7M | — | ||
| Q4 25 | $22.8M | $-2.6M | ||
| Q3 25 | $23.8M | $-291.0K | ||
| Q2 25 | $22.6M | $-7.2M | ||
| Q1 25 | $19.5M | $-2.2M | ||
| Q4 24 | $19.6M | $-2.2M | ||
| Q3 24 | $19.6M | $-2.0M | ||
| Q2 24 | $18.8M | $-1.9M |
毛利率MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | — | 7.2% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 6.3% | ||
| Q4 24 | — | 4.9% | ||
| Q3 24 | — | 6.8% | ||
| Q2 24 | — | 4.8% |
营业利润率MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | -5.3% | ||
| Q3 25 | 44.0% | 0.8% | ||
| Q2 25 | 42.6% | -5.7% | ||
| Q1 25 | 42.0% | -7.3% | ||
| Q4 24 | 39.7% | -8.2% | ||
| Q3 24 | 42.4% | -5.5% | ||
| Q2 24 | 41.4% | -8.6% |
净利率MBWMNAII
| Q1 26 | 33.6% | — | ||
| Q4 25 | 36.8% | -7.3% | ||
| Q3 25 | 38.1% | -0.8% | ||
| Q2 25 | 37.1% | -21.3% | ||
| Q1 25 | 34.1% | -7.6% | ||
| Q4 24 | 33.5% | -6.4% | ||
| Q3 24 | 33.8% | -6.0% | ||
| Q2 24 | 33.1% | -6.4% |
每股收益（稀释后）MBWMNAII
| Q1 26 | $1.32 | — | ||
| Q4 25 | $1.41 | $-0.42 | ||
| Q3 25 | $1.46 | $-0.05 | ||
| Q2 25 | $1.39 | $-1.21 | ||
| Q1 25 | $1.21 | $-0.37 | ||
| Q4 24 | $1.20 | $-0.37 | ||
| Q3 24 | $1.22 | $-0.33 | ||
| Q2 24 | $1.17 | $-0.32 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | — | $3.8M |
| 总债务越低越好 | $1.5M | — |
| 股东权益账面价值 | $736.9M | $67.0M |
| 总资产 | $6.9B | $153.3M |
| 负债/权益比越低杠杆越低 | 0.00× | — |
8季度趋势，按日历期对齐
现金及短期投资MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | — | $3.8M | ||
| Q3 25 | — | $7.7M | ||
| Q2 25 | — | $12.3M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | $8.7M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | — | $12.0M |
总债务MBWMNAII
| Q1 26 | $1.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MBWMNAII
| Q1 26 | $736.9M | — | ||
| Q4 25 | $724.9M | $67.0M | ||
| Q3 25 | $657.6M | $69.0M | ||
| Q2 25 | $631.5M | $68.4M | ||
| Q1 25 | $608.3M | $76.6M | ||
| Q4 24 | $584.5M | $79.1M | ||
| Q3 24 | $583.3M | $80.2M | ||
| Q2 24 | $551.2M | $82.6M |
总资产MBWMNAII
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $153.3M | ||
| Q3 25 | $6.3B | $156.9M | ||
| Q2 25 | $6.2B | $151.9M | ||
| Q1 25 | $6.1B | $154.9M | ||
| Q4 24 | $6.1B | $156.1M | ||
| Q3 24 | $5.9B | $161.3M | ||
| Q2 24 | $5.6B | $162.3M |
负债/权益比MBWMNAII
| Q1 26 | 0.00× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | — | $-6.3M |
| 自由现金流经营现金流 - 资本支出 | — | $-7.3M |
| 自由现金流率自由现金流/营收 | — | -20.9% |
| 资本支出强度资本支出/营收 | — | 2.7% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | — | $-5.2M |
8季度趋势，按日历期对齐
经营现金流MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | $18.0M | $-6.3M | ||
| Q3 25 | $23.1M | $-4.0M | ||
| Q2 25 | $-7.8M | $3.3M | ||
| Q1 25 | $-3.0M | $6.0M | ||
| Q4 24 | $101.1M | $37.0K | ||
| Q3 24 | $-8.1M | $-3.4M | ||
| Q2 24 | $9.1M | $-2.7M |
自由现金流MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.3M | ||
| Q3 25 | — | $-5.1M | ||
| Q2 25 | — | $1.9M | ||
| Q1 25 | — | $5.2M | ||
| Q4 24 | — | $-1.0M | ||
| Q3 24 | — | $-3.7M | ||
| Q2 24 | — | $-3.8M |
自由现金流率MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | — | -20.9% | ||
| Q3 25 | — | -13.4% | ||
| Q2 25 | — | 5.6% | ||
| Q1 25 | — | 18.0% | ||
| Q4 24 | — | -3.0% | ||
| Q3 24 | — | -11.3% | ||
| Q2 24 | — | -12.7% |
资本支出强度MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | — | 2.7% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 2.8% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 3.5% |
现金转化率MBWMNAII
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | — | ||
| Q3 25 | 0.97× | — | ||
| Q2 25 | -0.35× | — | ||
| Q1 25 | -0.15× | — | ||
| Q4 24 | 5.15× | — | ||
| Q3 24 | -0.41× | — | ||
| Q2 24 | 0.49× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
MBWM
| Net Interest Income | $55.9M | 83% |
| Noninterest Income | $11.7M | 17% |
NAII
| Private Label Contract Manufacturing | $32.8M | 94% |
| Patent And Trademark Licensing | $2.0M | 6% |
