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Side-by-side financial comparison of BGSF, INC. (BGSF) and NATIONAL BANKSHARES INC (NKSH). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $15.3M, roughly 1.4× NATIONAL BANKSHARES INC). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -5.3%, a 43.8% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -9.4%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $1.7M). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs -5.3%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
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.
BGSF vs NKSH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $15.3M |
| Net Profit | $-1.2M | $5.9M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | 47.4% |
| Net Margin | -5.3% | 38.5% |
| Revenue YoY | -9.4% | 24.7% |
| Net Profit YoY | -18.2% | 91.0% |
| EPS (diluted) | $-0.12 | $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 | $22.0M | $15.3M | ||
| Q3 25 | $26.9M | $14.2M | ||
| Q2 25 | $23.5M | $13.3M | ||
| Q1 25 | $20.9M | $12.8M | ||
| Q4 24 | $24.3M | $12.2M | ||
| Q3 24 | $29.8M | $11.7M | ||
| Q2 24 | $25.7M | $10.9M | ||
| Q1 24 | $24.5M | $10.4M |
| Q4 25 | $-1.2M | $5.9M | ||
| Q3 25 | $-5.8M | $4.4M | ||
| Q2 25 | $-3.7M | $2.3M | ||
| Q1 25 | $-722.0K | $3.2M | ||
| Q4 24 | $-981.0K | $3.1M | ||
| Q3 24 | $-804.0K | $2.7M | ||
| Q2 24 | $-761.0K | $-307.0K | ||
| Q1 24 | $-792.0K | $2.2M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | 47.4% | ||
| Q3 25 | -3.5% | 37.9% | ||
| Q2 25 | -18.8% | 20.0% | ||
| Q1 25 | 1.6% | 30.5% | ||
| Q4 24 | -15.7% | 30.1% | ||
| Q3 24 | -3.4% | 27.5% | ||
| Q2 24 | -5.7% | -4.4% | ||
| Q1 24 | 1.7% | 25.8% |
| Q4 25 | -5.3% | 38.5% | ||
| Q3 25 | -21.6% | 31.1% | ||
| Q2 25 | -15.9% | 17.2% | ||
| Q1 25 | -3.5% | 25.3% | ||
| Q4 24 | -4.0% | 25.1% | ||
| Q3 24 | -2.7% | 22.8% | ||
| Q2 24 | -3.0% | -2.8% | ||
| Q1 24 | -3.2% | 20.8% |
| Q4 25 | $-0.12 | $0.93 | ||
| Q3 25 | $-0.52 | $0.69 | ||
| Q2 25 | $-0.34 | $0.36 | ||
| Q1 25 | $-0.06 | $0.51 | ||
| Q4 24 | — | $0.50 | ||
| Q3 24 | $-0.07 | $0.42 | ||
| Q2 24 | $-0.07 | $-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 | — | $59.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $184.9M |
| Total Assets | $57.8M | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $59.3M | ||
| Q3 25 | $41.2M | $42.3M | ||
| Q2 25 | $2.8M | $92.8M | ||
| Q1 25 | $2.0M | $122.5M | ||
| Q4 24 | $32.0K | $108.1M | ||
| Q3 24 | $262 | $49.8M | ||
| Q2 24 | $226 | $98.9M | ||
| Q1 24 | $50 | $121.2M |
| Q4 25 | $48.1M | $184.9M | ||
| Q3 25 | $50.7M | $179.2M | ||
| Q2 25 | $78.3M | $168.7M | ||
| Q1 25 | $81.8M | $167.3M | ||
| Q4 24 | $82.3M | $156.4M | ||
| Q3 24 | $82.9M | $167.8M | ||
| Q2 24 | $83.2M | $149.0M | ||
| Q1 24 | $83.6M | $139.4M |
| Q4 25 | $57.8M | $1.8B | ||
| Q3 25 | $83.6M | $1.8B | ||
| Q2 25 | $149.7M | $1.8B | ||
| Q1 25 | $152.3M | $1.8B | ||
| Q4 24 | $150.1M | $1.8B | ||
| Q3 24 | $157.3K | $1.8B | ||
| Q2 24 | $159.8K | $1.8B | ||
| Q1 24 | $170.6K | $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 | $1.7M | $17.9M |
| Free Cash FlowOCF − Capex | $1.7M | $15.2M |
| FCF MarginFCF / Revenue | 7.6% | 99.2% |
| Capex IntensityCapex / Revenue | 0.1% | 17.9% |
| Cash ConversionOCF / Net Profit | — | 3.04× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | $23.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $17.9M | ||
| Q3 25 | $-4.8M | $6.1M | ||
| Q2 25 | $2.2M | $2.1M | ||
| Q1 25 | $1.1M | $2.6M | ||
| Q4 24 | $3.2M | $9.4M | ||
| Q3 24 | $6.5M | $3.1M | ||
| Q2 24 | $7.3M | $-3.0M | ||
| Q1 24 | $7.4M | $3.8M |
| Q4 25 | $1.7M | $15.2M | ||
| Q3 25 | $-4.9M | $5.3M | ||
| Q2 25 | $2.1M | $1.5M | ||
| Q1 25 | $1.0M | $1.6M | ||
| Q4 24 | $2.5M | $6.2M | ||
| Q3 24 | $6.5M | $2.2M | ||
| Q2 24 | $7.3M | $-4.0M | ||
| Q1 24 | $6.9M | $3.5M |
| Q4 25 | 7.6% | 99.2% | ||
| Q3 25 | -18.1% | 37.4% | ||
| Q2 25 | 9.1% | 11.5% | ||
| Q1 25 | 5.0% | 12.5% | ||
| Q4 24 | 10.2% | 50.5% | ||
| Q3 24 | 21.7% | 18.5% | ||
| Q2 24 | 28.5% | -36.3% | ||
| Q1 24 | 28.1% | 33.8% |
| Q4 25 | 0.1% | 17.9% | ||
| Q3 25 | 0.4% | 5.6% | ||
| Q2 25 | 0.0% | 4.1% | ||
| Q1 25 | 0.1% | 7.5% | ||
| Q4 24 | 3.0% | 26.6% | ||
| Q3 24 | 0.0% | 8.3% | ||
| Q2 24 | 0.0% | 9.3% | ||
| Q1 24 | 2.0% | 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
BGSF
| Contract Field Talent | $21.4M | 97% |
| Other | $595.0K | 3% |
NKSH
Segment breakdown not available.
