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Side-by-side financial comparison of AMREP CORP. (AXR) 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 $14.6M, roughly 1.6× AMREP CORP.). FIRST NATIONAL CORP runs the higher net margin — 23.0% vs 21.6%, a 1.4% gap on every dollar of revenue. On growth, AMREP CORP. posted the faster year-over-year revenue change (93.8% vs -3.4%). FIRST NATIONAL CORP produced more free cash flow last quarter ($20.9M vs $5.4M). Over the past eight quarters, FIRST NATIONAL CORP's revenue compounded faster (26.8% CAGR vs -13.6%).

AMREP Corporation is a real estate and media services company based in Princeton, New Jersey, in the United States. It was founded in 1961 as The American Realty and Petroleum Corporation.

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.

AXR vs FXNC — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.6× larger
FXNC
$24.0M
$14.6M
AXR
Growing faster (revenue YoY)
AXR
AXR
+97.1% gap
AXR
93.8%
-3.4%
FXNC
Higher net margin
FXNC
FXNC
1.4% more per $
FXNC
23.0%
21.6%
AXR
More free cash flow
FXNC
FXNC
$15.5M more FCF
FXNC
$20.9M
$5.4M
AXR
Faster 2-yr revenue CAGR
FXNC
FXNC
Annualised
FXNC
26.8%
-13.6%
AXR

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
AXR
AXR
FXNC
FXNC
Revenue
$14.6M
$24.0M
Net Profit
$3.1M
$5.5M
Gross Margin
Operating Margin
20.6%
28.8%
Net Margin
21.6%
23.0%
Revenue YoY
93.8%
-3.4%
Net Profit YoY
338.9%
689.9%
EPS (diluted)
$0.58
$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
AXR
AXR
FXNC
FXNC
Q1 26
$14.6M
Q4 25
$9.4M
$24.0M
Q3 25
$17.9M
$22.8M
Q2 25
$11.2M
$22.4M
Q1 25
$7.5M
$21.1M
Q4 24
$11.9M
$24.8M
Q3 24
$19.1M
$15.0M
Q2 24
$19.5M
$14.2M
Net Profit
AXR
AXR
FXNC
FXNC
Q1 26
$3.1M
Q4 25
$1.2M
$5.5M
Q3 25
$4.7M
$5.5M
Q2 25
$3.9M
$5.1M
Q1 25
$717.0K
$1.6M
Q4 24
$4.0M
$-933.0K
Q3 24
$4.1M
$2.2M
Q2 24
$4.1M
$2.4M
Operating Margin
AXR
AXR
FXNC
FXNC
Q1 26
20.6%
Q4 25
11.9%
28.8%
Q3 25
34.4%
29.9%
Q2 25
31.7%
28.2%
Q1 25
5.7%
9.0%
Q4 24
26.4%
-29.0%
Q3 24
26.1%
18.7%
Q2 24
23.9%
22.0%
Net Margin
AXR
AXR
FXNC
FXNC
Q1 26
21.6%
Q4 25
12.8%
23.0%
Q3 25
26.3%
24.3%
Q2 25
34.8%
22.5%
Q1 25
9.5%
7.6%
Q4 24
33.9%
-14.4%
Q3 24
21.3%
15.0%
Q2 24
21.2%
17.2%
EPS (diluted)
AXR
AXR
FXNC
FXNC
Q1 26
$0.58
Q4 25
$0.22
$0.60
Q3 25
$0.87
$0.62
Q2 25
$0.73
$0.56
Q1 25
$0.13
$0.18
Q4 24
$0.75
$-0.26
Q3 24
$0.76
$0.36
Q2 24
$0.77
$0.39

Balance Sheet & Financial Strength

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

Metric
AXR
AXR
FXNC
FXNC
Cash + ST InvestmentsLiquidity on hand
$50.0M
$160.9M
Total DebtLower is stronger
$21.0K
Stockholders' EquityBook value
$139.4M
$186.2M
Total Assets
$143.9M
$2.0B
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AXR
AXR
FXNC
FXNC
Q1 26
$50.0M
Q4 25
$44.6M
$160.9M
Q3 25
$48.9M
$189.3M
Q2 25
$39.5M
$194.3M
Q1 25
$36.9M
$206.0M
Q4 24
$40.1M
$162.9M
Q3 24
$40.4M
$126.5M
Q2 24
$29.7M
$135.6M
Total Debt
AXR
AXR
FXNC
FXNC
Q1 26
$21.0K
Q4 25
$23.0K
Q3 25
$25.0K
Q2 25
$26.0K
Q1 25
$29.0K
Q4 24
$32.0K
Q3 24
$34.0K
Q2 24
$35.0K
Stockholders' Equity
AXR
AXR
FXNC
FXNC
Q1 26
$139.4M
Q4 25
$136.0M
$186.2M
Q3 25
$134.7M
$181.2M
Q2 25
$130.0M
$173.5M
Q1 25
$126.0M
$168.7M
Q4 24
$125.1M
$166.5M
Q3 24
$122.2M
$125.1M
Q2 24
$118.0M
$119.9M
Total Assets
AXR
AXR
FXNC
FXNC
Q1 26
$143.9M
Q4 25
$140.1M
$2.0B
Q3 25
$140.7M
$2.0B
Q2 25
$133.8M
$2.0B
Q1 25
$128.9M
$2.0B
Q4 24
$129.1M
$2.0B
Q3 24
$127.0M
$1.5B
Q2 24
$122.8M
$1.5B
Debt / Equity
AXR
AXR
FXNC
FXNC
Q1 26
0.00×
Q4 25
0.00×
Q3 25
0.00×
Q2 25
0.00×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
AXR
AXR
FXNC
FXNC
Operating Cash FlowLast quarter
$5.4M
$25.1M
Free Cash FlowOCF − Capex
$5.4M
$20.9M
FCF MarginFCF / Revenue
37.0%
87.3%
Capex IntensityCapex / Revenue
0.1%
17.4%
Cash ConversionOCF / Net Profit
1.72×
4.56×
TTM Free Cash FlowTrailing 4 quarters
$20.2M
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AXR
AXR
FXNC
FXNC
Q1 26
$5.4M
Q4 25
$-4.3M
$25.1M
Q3 25
$9.5M
$8.4M
Q2 25
$10.2M
$4.7M
Q1 25
$-3.2M
$3.5M
Q4 24
$-182.0K
$-22.2M
Q3 24
$10.7M
$6.1M
Q2 24
$10.7M
$3.6M
Free Cash Flow
AXR
AXR
FXNC
FXNC
Q1 26
$5.4M
Q4 25
$-4.3M
$20.9M
Q3 25
$9.5M
$6.8M
Q2 25
$9.7M
$4.1M
Q1 25
$-3.3M
$3.0M
Q4 24
$-268.0K
$-25.5M
Q3 24
$10.7M
$4.9M
Q2 24
$10.3M
$3.0M
FCF Margin
AXR
AXR
FXNC
FXNC
Q1 26
37.0%
Q4 25
-45.9%
87.3%
Q3 25
53.2%
30.0%
Q2 25
86.4%
18.3%
Q1 25
-43.4%
14.5%
Q4 24
-2.3%
-102.8%
Q3 24
55.8%
33.0%
Q2 24
52.5%
21.0%
Capex Intensity
AXR
AXR
FXNC
FXNC
Q1 26
0.1%
Q4 25
0.6%
17.4%
Q3 25
0.1%
7.0%
Q2 25
5.2%
2.6%
Q1 25
0.3%
2.3%
Q4 24
0.7%
13.3%
Q3 24
0.2%
8.1%
Q2 24
2.3%
4.6%
Cash Conversion
AXR
AXR
FXNC
FXNC
Q1 26
1.72×
Q4 25
-3.54×
4.56×
Q3 25
2.03×
1.52×
Q2 25
2.63×
0.93×
Q1 25
-4.51×
2.21×
Q4 24
-0.05×
Q3 24
2.63×
2.73×
Q2 24
2.59×
1.49×

Financial Flow Comparison

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

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