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Side-by-side financial comparison of ADMA BIOLOGICS, INC. (ADMA) and FARMERS NATIONAL BANC CORP (FMNB). Click either name above to swap in a different company.

ADMA BIOLOGICS, INC. is the larger business by last-quarter revenue ($139.2M vs $71.5M, roughly 1.9× FARMERS NATIONAL BANC CORP). ADMA BIOLOGICS, INC. runs the higher net margin — 35.5% vs 20.5%, a 15.0% gap on every dollar of revenue. On growth, ADMA BIOLOGICS, INC. posted the faster year-over-year revenue change (18.4% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $34.6M). Over the past eight quarters, ADMA BIOLOGICS, INC.'s revenue compounded faster (30.4% CAGR vs 6.2%).

ADMA Biologics Inc. is a biopharmaceutical enterprise focused on the research, development, manufacturing and commercialization of specialty plasma-derived immunoglobulin therapies. It primarily operates in the United States, catering to patients with primary immunodeficiency and other immune-related disorders, healthcare providers and medical institutions across its core immune health therapeutic segment.

Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.

ADMA vs FMNB — Head-to-Head

Bigger by revenue
ADMA
ADMA
1.9× larger
ADMA
$139.2M
$71.5M
FMNB
Growing faster (revenue YoY)
ADMA
ADMA
+15.2% gap
ADMA
18.4%
3.2%
FMNB
Higher net margin
ADMA
ADMA
15.0% more per $
ADMA
35.5%
20.5%
FMNB
More free cash flow
FMNB
FMNB
$17.6M more FCF
FMNB
$52.2M
$34.6M
ADMA
Faster 2-yr revenue CAGR
ADMA
ADMA
Annualised
ADMA
30.4%
6.2%
FMNB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADMA
ADMA
FMNB
FMNB
Revenue
$139.2M
$71.5M
Net Profit
$49.4M
$14.6M
Gross Margin
63.8%
Operating Margin
45.1%
24.8%
Net Margin
35.5%
20.5%
Revenue YoY
18.4%
3.2%
Net Profit YoY
-55.9%
1.7%
EPS (diluted)
$0.20
$0.39

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
ADMA
ADMA
FMNB
FMNB
Q4 25
$139.2M
$71.5M
Q3 25
$134.2M
$70.8M
Q2 25
$122.0M
$69.8M
Q1 25
$114.8M
$67.8M
Q4 24
$117.5M
$69.3M
Q3 24
$119.8M
$70.3M
Q2 24
$107.2M
$66.5M
Q1 24
$81.9M
$63.4M
Net Profit
ADMA
ADMA
FMNB
FMNB
Q4 25
$49.4M
$14.6M
Q3 25
$36.4M
$12.5M
Q2 25
$34.2M
$13.9M
Q1 25
$26.9M
$13.6M
Q4 24
$111.9M
$14.4M
Q3 24
$35.9M
$8.5M
Q2 24
$32.1M
$11.8M
Q1 24
$17.8M
$11.2M
Gross Margin
ADMA
ADMA
FMNB
FMNB
Q4 25
63.8%
Q3 25
56.3%
Q2 25
55.1%
Q1 25
53.2%
Q4 24
53.9%
Q3 24
49.8%
Q2 24
53.6%
Q1 24
47.8%
Operating Margin
ADMA
ADMA
FMNB
FMNB
Q4 25
45.1%
24.8%
Q3 25
38.0%
20.7%
Q2 25
35.1%
23.4%
Q1 25
30.4%
24.1%
Q4 24
32.6%
25.5%
Q3 24
33.1%
14.4%
Q2 24
36.6%
21.3%
Q1 24
26.7%
21.2%
Net Margin
ADMA
ADMA
FMNB
FMNB
Q4 25
35.5%
20.5%
Q3 25
27.1%
17.6%
Q2 25
28.1%
19.9%
Q1 25
23.4%
20.0%
Q4 24
95.2%
20.8%
Q3 24
30.0%
12.1%
Q2 24
29.9%
17.7%
Q1 24
21.7%
17.7%
EPS (diluted)
ADMA
ADMA
FMNB
FMNB
Q4 25
$0.20
$0.39
Q3 25
$0.15
$0.33
Q2 25
$0.14
$0.37
Q1 25
$0.11
$0.36
Q4 24
$0.45
$0.38
Q3 24
$0.15
$0.23
Q2 24
$0.13
$0.31
Q1 24
$0.08
$0.30

Balance Sheet & Financial Strength

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

Metric
ADMA
ADMA
FMNB
FMNB
Cash + ST InvestmentsLiquidity on hand
$87.6M
Total DebtLower is stronger
$72.1M
$86.7M
Stockholders' EquityBook value
$477.3M
$485.7M
Total Assets
$624.2M
$5.2B
Debt / EquityLower = less leverage
0.15×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADMA
ADMA
FMNB
FMNB
Q4 25
$87.6M
Q3 25
$61.4M
Q2 25
$90.3M
Q1 25
$71.6M
Q4 24
$103.1M
Q3 24
$86.7M
Q2 24
$88.2M
Q1 24
$45.3M
Total Debt
ADMA
ADMA
FMNB
FMNB
Q4 25
$72.1M
$86.7M
Q3 25
$72.4M
$86.6M
Q2 25
$86.4M
Q1 25
$86.3M
Q4 24
$72.3M
$86.2M
Q3 24
$86.0M
Q2 24
$88.9M
Q1 24
$88.8M
Stockholders' Equity
ADMA
ADMA
FMNB
FMNB
Q4 25
$477.3M
$485.7M
Q3 25
$431.2M
$465.9M
Q2 25
$398.3M
$437.7M
Q1 25
$373.4M
$429.1M
Q4 24
$349.0M
$406.0M
Q3 24
$231.9M
$439.7M
Q2 24
$188.3M
$396.7M
Q1 24
$153.7M
$397.0M
Total Assets
ADMA
ADMA
FMNB
FMNB
Q4 25
$624.2M
$5.2B
Q3 25
$568.7M
$5.2B
Q2 25
$558.4M
$5.2B
Q1 25
$510.6M
$5.2B
Q4 24
$488.7M
$5.1B
Q3 24
$390.6M
$5.2B
Q2 24
$376.4M
$5.2B
Q1 24
$350.9M
$5.1B
Debt / Equity
ADMA
ADMA
FMNB
FMNB
Q4 25
0.15×
0.18×
Q3 25
0.17×
0.19×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.21×
0.21×
Q3 24
0.20×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
ADMA
ADMA
FMNB
FMNB
Operating Cash FlowLast quarter
$35.6M
$60.0M
Free Cash FlowOCF − Capex
$34.6M
$52.2M
FCF MarginFCF / Revenue
24.8%
73.0%
Capex IntensityCapex / Revenue
0.8%
11.0%
Cash ConversionOCF / Net Profit
0.72×
4.10×
TTM Free Cash FlowTrailing 4 quarters
$27.8M
$85.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADMA
ADMA
FMNB
FMNB
Q4 25
$35.6M
$60.0M
Q3 25
$13.3M
$10.7M
Q2 25
$21.1M
$14.0M
Q1 25
$-19.7M
$15.7M
Q4 24
$50.2M
$66.6M
Q3 24
$25.0M
$23.9M
Q2 24
$45.6M
$16.6M
Q1 24
$-2.2M
$13.7M
Free Cash Flow
ADMA
ADMA
FMNB
FMNB
Q4 25
$34.6M
$52.2M
Q3 25
$-1.1M
$9.0M
Q2 25
$18.7M
$12.4M
Q1 25
$-24.4M
$12.2M
Q4 24
$47.5M
$54.9M
Q3 24
$24.0M
$20.4M
Q2 24
$43.6M
$14.4M
Q1 24
$-4.6M
$12.2M
FCF Margin
ADMA
ADMA
FMNB
FMNB
Q4 25
24.8%
73.0%
Q3 25
-0.8%
12.8%
Q2 25
15.3%
17.8%
Q1 25
-21.2%
18.0%
Q4 24
40.4%
79.2%
Q3 24
20.0%
29.1%
Q2 24
40.7%
21.6%
Q1 24
-5.6%
19.2%
Capex Intensity
ADMA
ADMA
FMNB
FMNB
Q4 25
0.8%
11.0%
Q3 25
10.7%
2.4%
Q2 25
2.0%
2.3%
Q1 25
4.1%
5.2%
Q4 24
2.3%
16.9%
Q3 24
0.9%
4.9%
Q2 24
1.9%
3.3%
Q1 24
2.9%
2.4%
Cash Conversion
ADMA
ADMA
FMNB
FMNB
Q4 25
0.72×
4.10×
Q3 25
0.36×
0.86×
Q2 25
0.62×
1.01×
Q1 25
-0.73×
1.15×
Q4 24
0.45×
4.63×
Q3 24
0.70×
2.80×
Q2 24
1.42×
1.41×
Q1 24
-0.12×
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADMA
ADMA

ADMA Bio Manufacturing Segment$123.1M88%
Other$16.0M12%

FMNB
FMNB

Segment breakdown not available.

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