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Side-by-side financial comparison of AVINO SILVER & GOLD MINES LTD (ASM) and FIRST NATIONAL CORP (FXNC). Click either name above to swap in a different company.

FIRST NATIONAL CORP is the larger business by last-quarter revenue ($24.0M vs $21.0M, roughly 1.1× AVINO SILVER & GOLD MINES LTD). AVINO SILVER & GOLD MINES LTD runs the higher net margin — 36.6% vs 23.0%, a 13.6% gap on every dollar of revenue. On growth, AVINO SILVER & GOLD MINES LTD posted the faster year-over-year revenue change (44.0% vs -3.4%). Over the past eight quarters, AVINO SILVER & GOLD MINES LTD's revenue compounded faster (51.1% CAGR vs 26.8%).

Avino Silver & Gold Mines Ltd is a Canada-based mining company engaged in the exploration, development, and production of precious and base metals, primarily silver, gold, and copper. It operates its flagship Avino Mine property in Durango, Mexico, with its metal products supplied to global industrial and commodity markets.

VA Tech Wabag Ltd. is an Indian multinational company focussed on desalination and water treatment for municipal and industrial users. Founded in Breslau in 1924, the company is headquartered in Chennai.

ASM vs FXNC — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.1× larger
FXNC
$24.0M
$21.0M
ASM
Growing faster (revenue YoY)
ASM
ASM
+47.3% gap
ASM
44.0%
-3.4%
FXNC
Higher net margin
ASM
ASM
13.6% more per $
ASM
36.6%
23.0%
FXNC
Faster 2-yr revenue CAGR
ASM
ASM
Annualised
ASM
51.1%
26.8%
FXNC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASM
ASM
FXNC
FXNC
Revenue
$21.0M
$24.0M
Net Profit
$7.7M
$5.5M
Gross Margin
47.1%
Operating Margin
28.8%
Net Margin
36.6%
23.0%
Revenue YoY
44.0%
-3.4%
Net Profit YoY
558.9%
689.9%
EPS (diluted)
$0.05
$0.60

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
ASM
ASM
FXNC
FXNC
Q4 25
$24.0M
Q3 25
$21.0M
$22.8M
Q2 25
$21.8M
$22.4M
Q1 25
$18.8M
$21.1M
Q4 24
$24.8M
Q3 24
$14.6M
$15.0M
Q2 24
$14.8M
$14.2M
Q1 24
$12.4M
$14.9M
Net Profit
ASM
ASM
FXNC
FXNC
Q4 25
$5.5M
Q3 25
$7.7M
$5.5M
Q2 25
$2.9M
$5.1M
Q1 25
$5.6M
$1.6M
Q4 24
$-933.0K
Q3 24
$1.2M
$2.2M
Q2 24
$1.2M
$2.4M
Q1 24
$599.0K
$3.2M
Gross Margin
ASM
ASM
FXNC
FXNC
Q4 25
Q3 25
47.1%
Q2 25
46.9%
Q1 25
56.1%
Q4 24
Q3 24
39.1%
Q2 24
31.8%
Q1 24
18.9%
Operating Margin
ASM
ASM
FXNC
FXNC
Q4 25
28.8%
Q3 25
29.9%
Q2 25
28.2%
Q1 25
9.0%
Q4 24
-29.0%
Q3 24
18.7%
Q2 24
22.0%
Q1 24
26.9%
Net Margin
ASM
ASM
FXNC
FXNC
Q4 25
23.0%
Q3 25
36.6%
24.3%
Q2 25
13.1%
22.5%
Q1 25
29.8%
7.6%
Q4 24
-14.4%
Q3 24
8.0%
15.0%
Q2 24
8.4%
17.2%
Q1 24
4.8%
21.5%
EPS (diluted)
ASM
ASM
FXNC
FXNC
Q4 25
$0.60
Q3 25
$0.05
$0.62
Q2 25
$0.02
$0.56
Q1 25
$0.04
$0.18
Q4 24
$-0.26
Q3 24
$0.01
$0.36
Q2 24
$0.01
$0.39
Q1 24
$0.00
$0.51

Balance Sheet & Financial Strength

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

Metric
ASM
ASM
FXNC
FXNC
Cash + ST InvestmentsLiquidity on hand
$57.3M
$160.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$182.1M
$186.2M
Total Assets
$221.9M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASM
ASM
FXNC
FXNC
Q4 25
$160.9M
Q3 25
$57.3M
$189.3M
Q2 25
$37.3M
$194.3M
Q1 25
$26.6M
$206.0M
Q4 24
$162.9M
Q3 24
$7.8M
$126.5M
Q2 24
$5.3M
$135.6M
Q1 24
$3.5M
Stockholders' Equity
ASM
ASM
FXNC
FXNC
Q4 25
$186.2M
Q3 25
$182.1M
$181.2M
Q2 25
$144.8M
$173.5M
Q1 25
$132.3M
$168.7M
Q4 24
$166.5M
Q3 24
$114.5M
$125.1M
Q2 24
$112.2M
$119.9M
Q1 24
$107.8M
$117.8M
Total Assets
ASM
ASM
FXNC
FXNC
Q4 25
$2.0B
Q3 25
$221.9M
$2.0B
Q2 25
$174.7M
$2.0B
Q1 25
$157.7M
$2.0B
Q4 24
$2.0B
Q3 24
$135.4M
$1.5B
Q2 24
$133.7M
$1.5B
Q1 24
$128.6M
$1.4B

Cash Flow & Capital Efficiency

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

Metric
ASM
ASM
FXNC
FXNC
Operating Cash FlowLast quarter
$8.3M
$25.1M
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
87.3%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
1.08×
4.56×
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASM
ASM
FXNC
FXNC
Q4 25
$25.1M
Q3 25
$8.3M
$8.4M
Q2 25
$8.3M
$4.7M
Q1 25
$758.0K
$3.5M
Q4 24
$-22.2M
Q3 24
$4.1M
$6.1M
Q2 24
$1.1M
$3.6M
Q1 24
$2.3M
$4.7M
Free Cash Flow
ASM
ASM
FXNC
FXNC
Q4 25
$20.9M
Q3 25
$6.8M
Q2 25
$4.1M
Q1 25
$3.0M
Q4 24
$-25.5M
Q3 24
$4.9M
Q2 24
$3.0M
Q1 24
$4.4M
FCF Margin
ASM
ASM
FXNC
FXNC
Q4 25
87.3%
Q3 25
30.0%
Q2 25
18.3%
Q1 25
14.5%
Q4 24
-102.8%
Q3 24
33.0%
Q2 24
21.0%
Q1 24
29.5%
Capex Intensity
ASM
ASM
FXNC
FXNC
Q4 25
17.4%
Q3 25
7.0%
Q2 25
2.6%
Q1 25
2.3%
Q4 24
13.3%
Q3 24
8.1%
Q2 24
4.6%
Q1 24
2.0%
Cash Conversion
ASM
ASM
FXNC
FXNC
Q4 25
4.56×
Q3 25
1.08×
1.52×
Q2 25
2.92×
0.93×
Q1 25
0.13×
2.21×
Q4 24
Q3 24
3.55×
2.73×
Q2 24
0.87×
1.49×
Q1 24
3.92×
1.47×

Financial Flow Comparison

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

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