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Side-by-side financial comparison of BANK OF NOVA SCOTIA (BNS) and FIRST NATIONAL CORP (FXNC). Click either name above to swap in a different company.

BANK OF NOVA SCOTIA is the larger business by last-quarter revenue ($7.0B vs $3.5M, roughly 2024.0× FIRST NATIONAL CORP). FIRST NATIONAL CORP runs the higher net margin — 158.2% vs 23.8%, a 134.4% gap on every dollar of revenue.

The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by assets and deposits. In 2023, the company's seat in Forbes Global 2000 was 88. Scotiabank serves over 25 million customers globally, offering personal and commercial banking, wealth management, corporate and investment services. With 88,000 employees and assets of approxi...

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.

BNS vs FXNC — Head-to-Head

Bigger by revenue
BNS
BNS
2024.0× larger
BNS
$7.0B
$3.5M
FXNC
Higher net margin
FXNC
FXNC
134.4% more per $
FXNC
158.2%
23.8%
BNS

Income Statement — Q1 2026 vs Q4 2025

Metric
BNS
BNS
FXNC
FXNC
Revenue
$7.0B
$3.5M
Net Profit
$1.7B
$5.5M
Gross Margin
Operating Margin
Net Margin
23.8%
158.2%
Revenue YoY
-46.3%
Net Profit YoY
689.9%
EPS (diluted)
$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
BNS
BNS
FXNC
FXNC
Q1 26
$7.0B
Q4 25
$7.2B
$3.5M
Q3 25
$6.9B
$4.1M
Q2 25
$6.6B
$3.4M
Q1 25
$3.3M
Q4 24
$6.5M
Q3 24
$2.7M
Q2 24
$2.5M
Net Profit
BNS
BNS
FXNC
FXNC
Q1 26
$1.7B
Q4 25
$1.6B
$5.5M
Q3 25
$1.8B
$5.5M
Q2 25
$1.5B
$5.1M
Q1 25
$1.6M
Q4 24
$-933.0K
Q3 24
$2.2M
Q2 24
$2.4M
Operating Margin
BNS
BNS
FXNC
FXNC
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
57.9%
Q4 24
-29.0%
Q3 24
Q2 24
Net Margin
BNS
BNS
FXNC
FXNC
Q1 26
23.8%
Q4 25
22.5%
158.2%
Q3 25
26.6%
135.1%
Q2 25
22.4%
147.3%
Q1 25
48.8%
Q4 24
-14.4%
Q3 24
84.7%
Q2 24
97.3%
EPS (diluted)
BNS
BNS
FXNC
FXNC
Q1 26
Q4 25
$0.60
Q3 25
$0.62
Q2 25
$0.56
Q1 25
$0.18
Q4 24
$-0.26
Q3 24
$0.36
Q2 24
$0.39

Balance Sheet & Financial Strength

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

Metric
BNS
BNS
FXNC
FXNC
Cash + ST InvestmentsLiquidity on hand
$6.4B
$160.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$65.0B
$186.2M
Total Assets
$1077.5B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BNS
BNS
FXNC
FXNC
Q1 26
$6.4B
Q4 25
$160.9M
Q3 25
$8.6B
$189.3M
Q2 25
$7.9B
$194.3M
Q1 25
$206.0M
Q4 24
$162.9M
Q3 24
$126.5M
Q2 24
$135.6M
Stockholders' Equity
BNS
BNS
FXNC
FXNC
Q1 26
$65.0B
Q4 25
$186.2M
Q3 25
$62.4B
$181.2M
Q2 25
$63.1B
$173.5M
Q1 25
$168.7M
Q4 24
$166.5M
Q3 24
$125.1M
Q2 24
$119.9M
Total Assets
BNS
BNS
FXNC
FXNC
Q1 26
$1077.5B
Q4 25
$2.0B
Q3 25
$1032.7B
$2.0B
Q2 25
$1033.3B
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.5B
Q2 24
$1.5B

Cash Flow & Capital Efficiency

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

Metric
BNS
BNS
FXNC
FXNC
Operating Cash FlowLast quarter
$9.4B
$8.4M
Free Cash FlowOCF − Capex
$6.9M
FCF MarginFCF / Revenue
199.4%
Capex IntensityCapex / Revenue
43.3%
Cash ConversionOCF / Net Profit
5.60×
1.53×
TTM Free Cash FlowTrailing 4 quarters
$20.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BNS
BNS
FXNC
FXNC
Q1 26
$9.4B
Q4 25
$8.4M
Q3 25
$3.2B
$8.4M
Q2 25
$1.8B
$4.7M
Q1 25
$3.5M
Q4 24
$-36.7M
Q3 24
$6.1M
Q2 24
$3.6M
Free Cash Flow
BNS
BNS
FXNC
FXNC
Q1 26
Q4 25
$6.9M
Q3 25
$6.8M
Q2 25
$4.1M
Q1 25
$3.0M
Q4 24
$-37.8M
Q3 24
$4.9M
Q2 24
$3.0M
FCF Margin
BNS
BNS
FXNC
FXNC
Q1 26
Q4 25
199.4%
Q3 25
166.4%
Q2 25
120.0%
Q1 25
92.9%
Q4 24
-583.7%
Q3 24
186.1%
Q2 24
118.7%
Capex Intensity
BNS
BNS
FXNC
FXNC
Q1 26
Q4 25
43.3%
Q3 25
39.0%
Q2 25
17.2%
Q1 25
14.7%
Q4 24
17.5%
Q3 24
45.4%
Q2 24
26.0%
Cash Conversion
BNS
BNS
FXNC
FXNC
Q1 26
5.60×
Q4 25
1.53×
Q3 25
1.73×
1.52×
Q2 25
1.22×
0.93×
Q1 25
2.21×
Q4 24
Q3 24
2.73×
Q2 24
1.49×

Financial Flow Comparison

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

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