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MERCANTILE BANK CORP（MBWM）与TELOS CORP（TLS）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TELOS CORP的1.4倍（$67.6M vs $46.8M），MERCANTILE BANK CORP净利率更高（33.6% vs -34.9%，领先68.4%），过去两年TELOS CORP的营收复合增速更高（25.7% 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。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
MBWM vs TLS — 直观对比
营收规模更大
MBWM
是对方的1.4倍
$46.8M
净利率更高
MBWM
高出68.4%
-34.9%
两年增速更快
TLS
近两年复合增速
9.1%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $67.6M | $46.8M |
| 净利润 | $22.7M | $-16.3M |
| 毛利率 | — | 35.0% |
| 营业利润率 | — | -39.6% |
| 净利率 | 33.6% | -34.9% |
| 营收同比 | — | 77.4% |
| 净利润同比 | 16.1% | -74.8% |
| 每股收益（稀释后） | $1.32 | $-0.22 |
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MBWMTLS
| Q1 26 | $67.6M | — | ||
| Q4 25 | $62.1M | $46.8M | ||
| Q3 25 | $62.4M | $51.4M | ||
| Q2 25 | $60.9M | $36.0M | ||
| Q1 25 | $57.3M | $30.6M | ||
| Q4 24 | $58.5M | $26.4M | ||
| Q3 24 | $58.0M | $23.8M | ||
| Q2 24 | $56.8M | $28.5M |
净利润MBWMTLS
| Q1 26 | $22.7M | — | ||
| Q4 25 | $22.8M | $-16.3M | ||
| Q3 25 | $23.8M | $-2.1M | ||
| Q2 25 | $22.6M | $-9.5M | ||
| Q1 25 | $19.5M | $-8.6M | ||
| Q4 24 | $19.6M | $-9.3M | ||
| Q3 24 | $19.6M | $-28.1M | ||
| Q2 24 | $18.8M | $-7.8M |
毛利率MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | — | 35.0% | ||
| Q3 25 | — | 39.9% | ||
| Q2 25 | — | 33.2% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 40.3% | ||
| Q3 24 | — | 13.2% | ||
| Q2 24 | — | 34.1% |
营业利润率MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | 42.0% | -39.6% | ||
| Q3 25 | 44.0% | -4.8% | ||
| Q2 25 | 42.6% | -27.5% | ||
| Q1 25 | 42.0% | -29.5% | ||
| Q4 24 | 39.7% | -37.6% | ||
| Q3 24 | 42.4% | -121.4% | ||
| Q2 24 | 41.4% | -30.3% |
净利率MBWMTLS
| Q1 26 | 33.6% | — | ||
| Q4 25 | 36.8% | -34.9% | ||
| Q3 25 | 38.1% | -4.1% | ||
| Q2 25 | 37.1% | -26.5% | ||
| Q1 25 | 34.1% | -28.1% | ||
| Q4 24 | 33.5% | -35.4% | ||
| Q3 24 | 33.8% | -118.0% | ||
| Q2 24 | 33.1% | -27.2% |
每股收益（稀释后）MBWMTLS
| Q1 26 | $1.32 | — | ||
| Q4 25 | $1.41 | $-0.22 | ||
| Q3 25 | $1.46 | $-0.03 | ||
| Q2 25 | $1.39 | $-0.13 | ||
| Q1 25 | $1.21 | $-0.12 | ||
| Q4 24 | $1.20 | $-0.13 | ||
| Q3 24 | $1.22 | $-0.39 | ||
| Q2 24 | $1.17 | $-0.11 |
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 | — | $53.2M |
| 总债务越低越好 | $1.5M | — |
| 股东权益账面价值 | $736.9M | $96.0M |
| 总资产 | $6.9B | $139.9M |
| 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MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | — | $53.2M | ||
| Q3 25 | — | $59.0M | ||
| Q2 25 | — | $57.0M | ||
| Q1 25 | — | $57.8M | ||
| Q4 24 | — | $54.6M | ||
| Q3 24 | — | $69.8M | ||
| Q2 24 | — | $80.1M |
总债务MBWMTLS
| Q1 26 | $1.5M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
股东权益MBWMTLS
| Q1 26 | $736.9M | — | ||
| Q4 25 | $724.9M | $96.0M | ||
| Q3 25 | $657.6M | $119.7M | ||
| Q2 25 | $631.5M | $118.4M | ||
| Q1 25 | $608.3M | $126.1M | ||
| Q4 24 | $584.5M | $127.1M | ||
| Q3 24 | $583.3M | $129.5M | ||
| Q2 24 | $551.2M | $149.1M |
总资产MBWMTLS
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.8B | $139.9M | ||
| Q3 25 | $6.3B | $164.3M | ||
| Q2 25 | $6.2B | $165.0M | ||
| Q1 25 | $6.1B | $158.1M | ||
| Q4 24 | $6.1B | $158.2M | ||
| Q3 24 | $5.9B | $166.3M | ||
| Q2 24 | $5.6B | $182.4M |
负债/权益比MBWMTLS
| 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 | — | $8.0M |
| 自由现金流经营现金流 - 资本支出 | — | $8.0M |
| 自由现金流率自由现金流/营收 | — | 17.0% |
| 资本支出强度资本支出/营收 | — | 0.1% |
| 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 | — | $29.4M |
8季度趋势，按日历期对齐
经营现金流MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | $18.0M | $8.0M | ||
| Q3 25 | $23.1M | $9.1M | ||
| Q2 25 | $-7.8M | $7.0M | ||
| Q1 25 | $-3.0M | $6.1M | ||
| Q4 24 | $101.1M | $-10.5M | ||
| Q3 24 | $-8.1M | $-7.1M | ||
| Q2 24 | $9.1M | $-8.0M |
自由现金流MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | — | $8.0M | ||
| Q3 25 | — | $8.7M | ||
| Q2 25 | — | $6.8M | ||
| Q1 25 | — | $6.0M | ||
| Q4 24 | — | $-12.4M | ||
| Q3 24 | — | $-7.1M | ||
| Q2 24 | — | $-8.2M |
自由现金流率MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | — | 17.0% | ||
| Q3 25 | — | 16.9% | ||
| Q2 25 | — | 19.0% | ||
| Q1 25 | — | 19.5% | ||
| Q4 24 | — | -47.0% | ||
| Q3 24 | — | -30.0% | ||
| Q2 24 | — | -28.9% |
资本支出强度MBWMTLS
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 7.1% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | — | 0.8% |
现金转化率MBWMTLS
| 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% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
