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Side-by-side financial comparison of AVALON HOLDINGS CORP (AWX) and NATIONAL BANKSHARES INC (NKSH). Click either name above to swap in a different company.
AVALON HOLDINGS CORP is the larger business by last-quarter revenue ($21.5M vs $15.3M, roughly 1.4× NATIONAL BANKSHARES INC). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -1.7%, a 40.2% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs 21.7%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $-166.0K). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs 6.7%).
Avalon Hill Games Inc. is a game company that publishes wargames and strategic board games. It has also published miniature wargaming rules, role-playing games and sports simulations. It is a subsidiary of Hasbro, and operates under the company's "Hasbro Gaming" division.
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.
AWX vs NKSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $21.5M | $15.3M |
| Net Profit | $-356.0K | $5.9M |
| Gross Margin | 17.1% | — |
| Operating Margin | 0.4% | 47.4% |
| Net Margin | -1.7% | 38.5% |
| Revenue YoY | 21.7% | 24.7% |
| Net Profit YoY | 28.4% | 91.0% |
| EPS (diluted) | — | $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 | $21.5M | $15.3M | ||
| Q3 25 | $25.7M | $14.2M | ||
| Q2 25 | $20.3M | $13.3M | ||
| Q1 25 | $16.1M | $12.8M | ||
| Q4 24 | $17.6M | $12.2M | ||
| Q3 24 | $24.2M | $11.7M | ||
| Q2 24 | $23.1M | $10.9M | ||
| Q1 24 | $18.9M | $10.4M |
| Q4 25 | $-356.0K | $5.9M | ||
| Q3 25 | $1.9M | $4.4M | ||
| Q2 25 | $274.0K | $2.3M | ||
| Q1 25 | $-1.5M | $3.2M | ||
| Q4 24 | $-497.0K | $3.1M | ||
| Q3 24 | $1.8M | $2.7M | ||
| Q2 24 | $954.0K | $-307.0K | ||
| Q1 24 | $-979.0K | $2.2M |
| Q4 25 | 17.1% | — | ||
| Q3 25 | 23.7% | — | ||
| Q2 25 | 20.6% | — | ||
| Q1 25 | 14.8% | — | ||
| Q4 24 | 17.5% | — | ||
| Q3 24 | 24.6% | — | ||
| Q2 24 | 22.1% | — | ||
| Q1 24 | 16.2% | — |
| Q4 25 | 0.4% | 47.4% | ||
| Q3 25 | 9.1% | 37.9% | ||
| Q2 25 | 3.7% | 20.0% | ||
| Q1 25 | -7.2% | 30.5% | ||
| Q4 24 | -0.8% | 30.1% | ||
| Q3 24 | 9.4% | 27.5% | ||
| Q2 24 | 6.3% | -4.4% | ||
| Q1 24 | -2.7% | 25.8% |
| Q4 25 | -1.7% | 38.5% | ||
| Q3 25 | 7.4% | 31.1% | ||
| Q2 25 | 1.4% | 17.2% | ||
| Q1 25 | -9.3% | 25.3% | ||
| Q4 24 | -2.8% | 25.1% | ||
| Q3 24 | 7.6% | 22.8% | ||
| Q2 24 | 4.1% | -2.8% | ||
| Q1 24 | -5.2% | 20.8% |
| Q4 25 | — | $0.93 | ||
| Q3 25 | — | $0.69 | ||
| Q2 25 | — | $0.36 | ||
| Q1 25 | — | $0.51 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | — | $0.42 | ||
| Q2 24 | — | $-0.05 | ||
| Q1 24 | — | $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 | $4.1M | $59.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $38.4M | $184.9M |
| Total Assets | $87.4M | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $59.3M | ||
| Q3 25 | $4.6M | $42.3M | ||
| Q2 25 | $3.7M | $92.8M | ||
| Q1 25 | $1.3M | $122.5M | ||
| Q4 24 | $2.8M | $108.1M | ||
| Q3 24 | $3.9M | $49.8M | ||
| Q2 24 | $3.8M | $98.9M | ||
| Q1 24 | $1.2M | $121.2M |
| Q4 25 | $38.4M | $184.9M | ||
| Q3 25 | $38.7M | $179.2M | ||
| Q2 25 | $36.8M | $168.7M | ||
| Q1 25 | $36.5M | $167.3M | ||
| Q4 24 | $38.0M | $156.4M | ||
| Q3 24 | $38.5M | $167.8M | ||
| Q2 24 | $36.7M | $149.0M | ||
| Q1 24 | $35.7M | $139.4M |
| Q4 25 | $87.4M | $1.8B | ||
| Q3 25 | $90.7M | $1.8B | ||
| Q2 25 | $88.1M | $1.8B | ||
| Q1 25 | $87.6M | $1.8B | ||
| Q4 24 | $86.2M | $1.8B | ||
| Q3 24 | $89.1M | $1.8B | ||
| Q2 24 | $91.7M | $1.8B | ||
| Q1 24 | $90.6M | $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 | $278.0K | $17.9M |
| Free Cash FlowOCF − Capex | $-166.0K | $15.2M |
| FCF MarginFCF / Revenue | -0.8% | 99.2% |
| Capex IntensityCapex / Revenue | 2.1% | 17.9% |
| Cash ConversionOCF / Net Profit | — | 3.04× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | $23.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.0K | $17.9M | ||
| Q3 25 | $1.5M | $6.1M | ||
| Q2 25 | $3.0M | $2.1M | ||
| Q1 25 | $-982.0K | $2.6M | ||
| Q4 24 | $-579.0K | $9.4M | ||
| Q3 24 | $342.0K | $3.1M | ||
| Q2 24 | $3.2M | $-3.0M | ||
| Q1 24 | $411.0K | $3.8M |
| Q4 25 | $-166.0K | $15.2M | ||
| Q3 25 | $852.0K | $5.3M | ||
| Q2 25 | $2.7M | $1.5M | ||
| Q1 25 | $-1.4M | $1.6M | ||
| Q4 24 | $-1.1M | $6.2M | ||
| Q3 24 | $-660.0K | $2.2M | ||
| Q2 24 | $2.9M | $-4.0M | ||
| Q1 24 | $56.0K | $3.5M |
| Q4 25 | -0.8% | 99.2% | ||
| Q3 25 | 3.3% | 37.4% | ||
| Q2 25 | 13.5% | 11.5% | ||
| Q1 25 | -8.5% | 12.5% | ||
| Q4 24 | -6.4% | 50.5% | ||
| Q3 24 | -2.7% | 18.5% | ||
| Q2 24 | 12.4% | -36.3% | ||
| Q1 24 | 0.3% | 33.8% |
| Q4 25 | 2.1% | 17.9% | ||
| Q3 25 | 2.3% | 5.6% | ||
| Q2 25 | 1.4% | 4.1% | ||
| Q1 25 | 2.4% | 7.5% | ||
| Q4 24 | 3.1% | 26.6% | ||
| Q3 24 | 4.1% | 8.3% | ||
| Q2 24 | 1.5% | 9.3% | ||
| Q1 24 | 1.9% | 3.0% |
| Q4 25 | — | 3.04× | ||
| Q3 25 | 0.76× | 1.38× | ||
| Q2 25 | 11.07× | 0.90× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | — | 3.07× | ||
| Q3 24 | 0.19× | 1.17× | ||
| Q2 24 | 3.35× | — | ||
| Q1 24 | — | 1.77× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
