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Side-by-side financial comparison of Arteris, Inc. (AIP) and NATIONAL BANKSHARES INC (NKSH). Click either name above to swap in a different company.
Arteris, Inc. is the larger business by last-quarter revenue ($20.1M vs $15.3M, roughly 1.3× NATIONAL BANKSHARES INC). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -42.2%, a 80.7% gap on every dollar of revenue. On growth, Arteris, Inc. posted the faster year-over-year revenue change (30.0% vs 24.7%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $3.0M). Over the past eight quarters, Arteris, Inc.'s revenue compounded faster (24.7% CAGR vs 20.9%).
Arteris, Inc. is a multinational technology company headquartered in Campbell, California. It develops the network-on-chip (NoC) IP and system-on-chip (SoC) integration automation software that is used to create semiconductor chip and chiplet designs for a variety of devices, particularly in automotive electronics, artificial intelligence, machine learning, enterprise computing, communications, consumer, industrial, and aerospace & defense markets. The company specializes in the development a...
Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.
AIP vs NKSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.1M | $15.3M |
| Net Profit | $-8.5M | $5.9M |
| Gross Margin | 90.8% | — |
| Operating Margin | -42.0% | 47.4% |
| Net Margin | -42.2% | 38.5% |
| Revenue YoY | 30.0% | 24.7% |
| Net Profit YoY | -3.7% | 91.0% |
| EPS (diluted) | $-0.19 | $0.93 |
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 | $20.1M | $15.3M | ||
| Q3 25 | $17.4M | $14.2M | ||
| Q2 25 | $16.5M | $13.3M | ||
| Q1 25 | $16.5M | $12.8M | ||
| Q4 24 | $15.5M | $12.2M | ||
| Q3 24 | $14.7M | $11.7M | ||
| Q2 24 | $14.6M | $10.9M | ||
| Q1 24 | $12.9M | $10.4M |
| Q4 25 | $-8.5M | $5.9M | ||
| Q3 25 | $-9.0M | $4.4M | ||
| Q2 25 | $-9.1M | $2.3M | ||
| Q1 25 | $-8.1M | $3.2M | ||
| Q4 24 | $-8.2M | $3.1M | ||
| Q3 24 | $-7.7M | $2.7M | ||
| Q2 24 | $-8.3M | $-307.0K | ||
| Q1 24 | $-9.4M | $2.2M |
| Q4 25 | 90.8% | — | ||
| Q3 25 | 89.9% | — | ||
| Q2 25 | 89.4% | — | ||
| Q1 25 | 90.8% | — | ||
| Q4 24 | 89.8% | — | ||
| Q3 24 | 90.1% | — | ||
| Q2 24 | 90.0% | — | ||
| Q1 24 | 88.7% | — |
| Q4 25 | -42.0% | 47.4% | ||
| Q3 25 | -50.1% | 37.9% | ||
| Q2 25 | -50.0% | 20.0% | ||
| Q1 25 | -46.6% | 30.5% | ||
| Q4 24 | -45.9% | 30.1% | ||
| Q3 24 | -53.8% | 27.5% | ||
| Q2 24 | -51.1% | -4.4% | ||
| Q1 24 | -70.5% | 25.8% |
| Q4 25 | -42.2% | 38.5% | ||
| Q3 25 | -51.6% | 31.1% | ||
| Q2 25 | -55.3% | 17.2% | ||
| Q1 25 | -49.1% | 25.3% | ||
| Q4 24 | -53.0% | 25.1% | ||
| Q3 24 | -52.2% | 22.8% | ||
| Q2 24 | -57.2% | -2.8% | ||
| Q1 24 | -72.6% | 20.8% |
| Q4 25 | $-0.19 | $0.93 | ||
| Q3 25 | $-0.21 | $0.69 | ||
| Q2 25 | $-0.22 | $0.36 | ||
| Q1 25 | $-0.20 | $0.51 | ||
| Q4 24 | $-0.19 | $0.50 | ||
| Q3 24 | $-0.20 | $0.42 | ||
| Q2 24 | $-0.22 | $-0.05 | ||
| Q1 24 | $-0.25 | $0.37 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $33.9M | $59.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-14.6M | $184.9M |
| Total Assets | $115.0M | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $33.9M | $59.3M | ||
| Q3 25 | $39.0M | $42.3M | ||
| Q2 25 | $38.0M | $92.8M | ||
| Q1 25 | $42.3M | $122.5M | ||
| Q4 24 | $43.8M | $108.1M | ||
| Q3 24 | $48.7M | $49.8M | ||
| Q2 24 | $45.8M | $98.9M | ||
| Q1 24 | $44.8M | $121.2M |
| Q4 25 | $-14.6M | $184.9M | ||
| Q3 25 | $-11.4M | $179.2M | ||
| Q2 25 | $-7.5M | $168.7M | ||
| Q1 25 | $-4.8M | $167.3M | ||
| Q4 24 | $-1.2M | $156.4M | ||
| Q3 24 | $2.2M | $167.8M | ||
| Q2 24 | $5.3M | $149.0M | ||
| Q1 24 | $9.5M | $139.4M |
| Q4 25 | $115.0M | $1.8B | ||
| Q3 25 | $107.7M | $1.8B | ||
| Q2 25 | $106.9M | $1.8B | ||
| Q1 25 | $98.3M | $1.8B | ||
| Q4 24 | $106.1M | $1.8B | ||
| Q3 24 | $97.7M | $1.8B | ||
| Q2 24 | $96.4M | $1.8B | ||
| Q1 24 | $101.4M | $1.7B |
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 | $3.2M | $17.9M |
| Free Cash FlowOCF − Capex | $3.0M | $15.2M |
| FCF MarginFCF / Revenue | 15.1% | 99.2% |
| Capex IntensityCapex / Revenue | 0.7% | 17.9% |
| Cash ConversionOCF / Net Profit | — | 3.04× |
| TTM Free Cash FlowTrailing 4 quarters | $5.3M | $23.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.2M | $17.9M | ||
| Q3 25 | $3.2M | $6.1M | ||
| Q2 25 | $-2.5M | $2.1M | ||
| Q1 25 | $2.9M | $2.6M | ||
| Q4 24 | $-2.6M | $9.4M | ||
| Q3 24 | $1.1M | $3.1M | ||
| Q2 24 | $311.0K | $-3.0M | ||
| Q1 24 | $477.0K | $3.8M |
| Q4 25 | $3.0M | $15.2M | ||
| Q3 25 | $2.5M | $5.3M | ||
| Q2 25 | $-2.8M | $1.5M | ||
| Q1 25 | $2.7M | $1.6M | ||
| Q4 24 | $-2.7M | $6.2M | ||
| Q3 24 | $1.1M | $2.2M | ||
| Q2 24 | $264.0K | $-4.0M | ||
| Q1 24 | $281.0K | $3.5M |
| Q4 25 | 15.1% | 99.2% | ||
| Q3 25 | 14.2% | 37.4% | ||
| Q2 25 | -17.2% | 11.5% | ||
| Q1 25 | 16.2% | 12.5% | ||
| Q4 24 | -17.3% | 50.5% | ||
| Q3 24 | 7.4% | 18.5% | ||
| Q2 24 | 1.8% | -36.3% | ||
| Q1 24 | 2.2% | 33.8% |
| Q4 25 | 0.7% | 17.9% | ||
| Q3 25 | 4.1% | 5.6% | ||
| Q2 25 | 2.2% | 4.1% | ||
| Q1 25 | 1.1% | 7.5% | ||
| Q4 24 | 0.3% | 26.6% | ||
| Q3 24 | 0.2% | 8.3% | ||
| Q2 24 | 0.3% | 9.3% | ||
| Q1 24 | 1.5% | 3.0% |
| Q4 25 | — | 3.04× | ||
| Q3 25 | — | 1.38× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 3.07× | ||
| Q3 24 | — | 1.17× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIP
| License And Maintenance | $17.5M | 87% |
| Variable Royalties And Other | $2.6M | 13% |
NKSH
Segment breakdown not available.
