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Side-by-side financial comparison of ASPEN AEROGELS INC (ASPN) and FIVE STAR BANCORP (FSBC). Click either name above to swap in a different company.

FIVE STAR BANCORP is the larger business by last-quarter revenue ($45.1M vs $41.3M, roughly 1.1× ASPEN AEROGELS INC). FIVE STAR BANCORP runs the higher net margin — 41.3% vs -176.4%, a 217.7% gap on every dollar of revenue. Over the past eight quarters, FIVE STAR BANCORP's revenue compounded faster (21.3% CAGR vs -33.9%).

Aspen Aerogels Inc is a leading manufacturer of high-performance aerogel-based insulation and thermal management materials. It serves core sectors including renewable energy, oil and gas infrastructure, aerospace, commercial construction and industrial manufacturing, with key markets across North America, Europe and Asia-Pacific. Its products are prized for superior thermal resistance, fire safety and lightweight performance for harsh operating conditions.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

ASPN vs FSBC — Head-to-Head

Bigger by revenue
FSBC
FSBC
1.1× larger
FSBC
$45.1M
$41.3M
ASPN
Higher net margin
FSBC
FSBC
217.7% more per $
FSBC
41.3%
-176.4%
ASPN
Faster 2-yr revenue CAGR
FSBC
FSBC
Annualised
FSBC
21.3%
-33.9%
ASPN

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ASPN
ASPN
FSBC
FSBC
Revenue
$41.3M
$45.1M
Net Profit
$-72.9M
$18.6M
Gross Margin
-55.5%
Operating Margin
-170.3%
Net Margin
-176.4%
41.3%
Revenue YoY
-66.4%
Net Profit YoY
-741.7%
42.0%
EPS (diluted)
$-0.87
$0.87

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
ASPN
ASPN
FSBC
FSBC
Q1 26
$45.1M
Q4 25
$41.3M
$43.5M
Q3 25
$73.0M
$41.3M
Q2 25
$78.0M
$38.3M
Q1 25
$78.7M
$35.3M
Q4 24
$123.1M
$35.2M
Q3 24
$117.3M
$31.8M
Q2 24
$117.8M
$30.7M
Net Profit
ASPN
ASPN
FSBC
FSBC
Q1 26
$18.6M
Q4 25
$-72.9M
$17.6M
Q3 25
$-6.3M
$16.3M
Q2 25
$-9.1M
$14.5M
Q1 25
$-301.2M
$13.1M
Q4 24
$11.4M
$13.3M
Q3 24
$-13.0M
$10.9M
Q2 24
$16.8M
$10.8M
Gross Margin
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
-55.5%
Q3 25
28.5%
Q2 25
32.4%
Q1 25
29.0%
Q4 24
38.3%
Q3 24
41.8%
Q2 24
43.8%
Operating Margin
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
-170.3%
52.9%
Q3 25
-4.6%
53.8%
Q2 25
-6.6%
52.4%
Q1 25
-380.2%
52.0%
Q4 24
12.0%
55.1%
Q3 24
14.8%
48.0%
Q2 24
17.0%
49.4%
Net Margin
ASPN
ASPN
FSBC
FSBC
Q1 26
41.3%
Q4 25
-176.4%
40.6%
Q3 25
-8.7%
39.6%
Q2 25
-11.6%
37.9%
Q1 25
-382.7%
37.1%
Q4 24
9.2%
37.9%
Q3 24
-11.1%
34.4%
Q2 24
14.3%
35.2%
EPS (diluted)
ASPN
ASPN
FSBC
FSBC
Q1 26
$0.87
Q4 25
$-0.87
$0.83
Q3 25
$-0.08
$0.77
Q2 25
$-0.11
$0.68
Q1 25
$-3.67
$0.62
Q4 24
$0.15
$0.61
Q3 24
$-0.17
$0.52
Q2 24
$0.21
$0.51

Balance Sheet & Financial Strength

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

Metric
ASPN
ASPN
FSBC
FSBC
Cash + ST InvestmentsLiquidity on hand
$156.9M
$644.4M
Total DebtLower is stronger
$65.5M
Stockholders' EquityBook value
$235.5M
$458.5M
Total Assets
$406.7M
$5.0B
Debt / EquityLower = less leverage
0.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASPN
ASPN
FSBC
FSBC
Q1 26
$644.4M
Q4 25
$156.9M
Q3 25
$150.7M
Q2 25
$167.6M
Q1 25
$192.0M
Q4 24
$220.9M
Q3 24
$113.5M
Q2 24
$91.4M
Total Debt
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
$65.5M
Q3 25
$70.1M
Q2 25
$77.3M
Q1 25
$95.4M
Q4 24
$95.0M
Q3 24
$93.7M
Q2 24
Stockholders' Equity
ASPN
ASPN
FSBC
FSBC
Q1 26
$458.5M
Q4 25
$235.5M
$445.8M
Q3 25
$305.7M
$431.3M
Q2 25
$308.8M
$416.7M
Q1 25
$314.8M
$406.5M
Q4 24
$614.7M
$396.6M
Q3 24
$507.6M
$389.9M
Q2 24
$517.8M
$380.5M
Total Assets
ASPN
ASPN
FSBC
FSBC
Q1 26
$5.0B
Q4 25
$406.7M
$4.8B
Q3 25
$491.4M
$4.6B
Q2 25
$525.1M
$4.4B
Q1 25
$555.0M
$4.2B
Q4 24
$895.1M
$4.1B
Q3 24
$782.6M
$3.9B
Q2 24
$748.6M
$3.6B
Debt / Equity
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
0.28×
Q3 25
0.23×
Q2 25
0.25×
Q1 25
0.30×
Q4 24
0.15×
Q3 24
0.18×
Q2 24

Cash Flow & Capital Efficiency

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

Metric
ASPN
ASPN
FSBC
FSBC
Operating Cash FlowLast quarter
$16.1M
Free Cash FlowOCF − Capex
$13.7M
FCF MarginFCF / Revenue
33.1%
Capex IntensityCapex / Revenue
6.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-4.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
$16.1M
$72.6M
Q3 25
$15.0M
$18.8M
Q2 25
$-3.9M
$17.8M
Q1 25
$5.6M
$15.5M
Q4 24
$35.7M
$51.8M
Q3 24
$20.8M
$17.5M
Q2 24
$6.8M
$16.0M
Free Cash Flow
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
$13.7M
$71.4M
Q3 25
$5.9M
$18.6M
Q2 25
$-16.8M
$17.5M
Q1 25
$-7.4M
$15.4M
Q4 24
$20.9M
$51.2M
Q3 24
$-50.0K
$17.3M
Q2 24
$-18.0M
$15.8M
FCF Margin
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
33.1%
164.3%
Q3 25
8.1%
45.0%
Q2 25
-21.6%
45.8%
Q1 25
-9.4%
43.5%
Q4 24
17.0%
145.5%
Q3 24
-0.0%
54.5%
Q2 24
-15.3%
51.6%
Capex Intensity
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
6.0%
2.8%
Q3 25
12.5%
0.5%
Q2 25
16.5%
0.6%
Q1 25
16.5%
0.3%
Q4 24
12.0%
1.8%
Q3 24
17.7%
0.7%
Q2 24
21.1%
0.7%
Cash Conversion
ASPN
ASPN
FSBC
FSBC
Q1 26
Q4 25
4.12×
Q3 25
1.15×
Q2 25
1.23×
Q1 25
1.18×
Q4 24
3.14×
3.89×
Q3 24
1.60×
Q2 24
0.41×
1.49×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ASPN
ASPN

Energy Industrial$14.5M35%
Other$13.9M34%
Thermal Barrier$12.9M31%

FSBC
FSBC

Net Interest Income$43.5M96%
Noninterest Income$1.6M4%

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