vs

Side-by-side financial comparison of Cytosorbents Corp (CTSO) and Finward Bancorp (FNWD). Click either name above to swap in a different company.

Finward Bancorp is the larger business by last-quarter revenue ($16.5M vs $9.2M, roughly 1.8× Cytosorbents Corp). Finward Bancorp runs the higher net margin — 12.0% vs -59.5%, a 71.5% gap on every dollar of revenue. On growth, Finward Bancorp posted the faster year-over-year revenue change (1.1% vs 0.9%). Finward Bancorp produced more free cash flow last quarter ($9.0M vs $-4.9M). Over the past eight quarters, Cytosorbents Corp's revenue compounded faster (1.3% CAGR vs -19.1%).

CytoSorbents Corporation is a publicly traded company located in Princeton, New Jersey.

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

CTSO vs FNWD — Head-to-Head

Bigger by revenue
FNWD
FNWD
1.8× larger
FNWD
$16.5M
$9.2M
CTSO
Growing faster (revenue YoY)
FNWD
FNWD
+0.2% gap
FNWD
1.1%
0.9%
CTSO
Higher net margin
FNWD
FNWD
71.5% more per $
FNWD
12.0%
-59.5%
CTSO
More free cash flow
FNWD
FNWD
$14.0M more FCF
FNWD
$9.0M
$-4.9M
CTSO
Faster 2-yr revenue CAGR
CTSO
CTSO
Annualised
CTSO
1.3%
-19.1%
FNWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CTSO
CTSO
FNWD
FNWD
Revenue
$9.2M
$16.5M
Net Profit
$-5.5M
$2.0M
Gross Margin
73.7%
Operating Margin
-47.5%
11.0%
Net Margin
-59.5%
12.0%
Revenue YoY
0.9%
1.1%
Net Profit YoY
27.4%
-5.6%
EPS (diluted)
$-0.09
$0.46

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
CTSO
CTSO
FNWD
FNWD
Q4 25
$9.2M
$16.5M
Q3 25
$9.5M
$17.4M
Q2 25
$9.6M
$16.6M
Q1 25
$8.7M
$15.5M
Q4 24
$9.2M
$16.3M
Q3 24
$8.6M
$14.9M
Q2 24
$8.8M
$14.6M
Q1 24
$9.0M
$25.3M
Net Profit
CTSO
CTSO
FNWD
FNWD
Q4 25
$-5.5M
$2.0M
Q3 25
$-3.2M
$3.5M
Q2 25
$1.9M
$2.2M
Q1 25
$-1.5M
$455.0K
Q4 24
$-7.6M
$2.1M
Q3 24
$-2.8M
$606.0K
Q2 24
$-4.3M
$143.0K
Q1 24
$-6.1M
$9.3M
Gross Margin
CTSO
CTSO
FNWD
FNWD
Q4 25
73.7%
Q3 25
70.3%
Q2 25
70.9%
Q1 25
71.1%
Q4 24
68.4%
Q3 24
61.0%
Q2 24
73.5%
Q1 24
76.5%
Operating Margin
CTSO
CTSO
FNWD
FNWD
Q4 25
-47.5%
11.0%
Q3 25
-30.2%
20.5%
Q2 25
-37.6%
12.7%
Q1 25
-44.5%
4.0%
Q4 24
-37.1%
16.3%
Q3 24
-56.1%
2.7%
Q2 24
-40.4%
0.9%
Q1 24
-51.8%
40.6%
Net Margin
CTSO
CTSO
FNWD
FNWD
Q4 25
-59.5%
12.0%
Q3 25
-33.4%
20.1%
Q2 25
20.2%
12.9%
Q1 25
-16.9%
2.9%
Q4 24
-82.7%
12.9%
Q3 24
-32.1%
4.1%
Q2 24
-48.6%
1.0%
Q1 24
-67.7%
36.7%
EPS (diluted)
CTSO
CTSO
FNWD
FNWD
Q4 25
$-0.09
$0.46
Q3 25
$-0.05
$0.81
Q2 25
$0.03
$0.50
Q1 25
$-0.02
$0.11
Q4 24
$-0.14
$0.50
Q3 24
$-0.05
$0.14
Q2 24
$-0.08
$0.03
Q1 24
$-0.11
$2.17

Balance Sheet & Financial Strength

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

Metric
CTSO
CTSO
FNWD
FNWD
Cash + ST InvestmentsLiquidity on hand
$6.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9M
$174.7M
Total Assets
$44.2M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTSO
CTSO
FNWD
FNWD
Q4 25
$6.2M
Q3 25
$7.5M
Q2 25
$10.2M
Q1 25
$11.6M
Q4 24
$3.3M
Q3 24
$5.7M
Q2 24
$8.5M
Q1 24
$8.6M
Total Debt
CTSO
CTSO
FNWD
FNWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$13.8M
Q2 24
$13.7M
Q1 24
$4.4M
Stockholders' Equity
CTSO
CTSO
FNWD
FNWD
Q4 25
$5.9M
$174.7M
Q3 25
$9.0M
$165.5M
Q2 25
$11.6M
$154.3M
Q1 25
$14.5M
$151.8M
Q4 24
$11.1M
$151.4M
Q3 24
$13.4M
$159.6M
Q2 24
$17.4M
$148.6M
Q1 24
$19.6M
$151.6M
Total Assets
CTSO
CTSO
FNWD
FNWD
Q4 25
$44.2M
$2.0B
Q3 25
$45.8M
$2.1B
Q2 25
$48.0M
$2.1B
Q1 25
$50.8M
$2.0B
Q4 24
$47.4M
$2.1B
Q3 24
$47.8M
$2.1B
Q2 24
$53.4M
$2.1B
Q1 24
$47.1M
$2.1B
Debt / Equity
CTSO
CTSO
FNWD
FNWD
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.03×
Q2 24
0.78×
Q1 24
0.23×

Cash Flow & Capital Efficiency

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

Metric
CTSO
CTSO
FNWD
FNWD
Operating Cash FlowLast quarter
$-4.8M
$9.9M
Free Cash FlowOCF − Capex
$-4.9M
$9.0M
FCF MarginFCF / Revenue
-53.4%
54.8%
Capex IntensityCapex / Revenue
1.2%
5.2%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$-12.5M
$10.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTSO
CTSO
FNWD
FNWD
Q4 25
$-4.8M
$9.9M
Q3 25
$-2.6M
$1.2M
Q2 25
$-1.5M
$4.8M
Q1 25
$-3.5M
$-3.8M
Q4 24
$-2.3M
$9.8M
Q3 24
$-2.5M
$-3.7M
Q2 24
$-4.8M
$2.8M
Q1 24
$-4.8M
$-25.0K
Free Cash Flow
CTSO
CTSO
FNWD
FNWD
Q4 25
$-4.9M
$9.0M
Q3 25
$-2.6M
$1.0M
Q2 25
$-1.5M
$4.5M
Q1 25
$-3.5M
$-4.0M
Q4 24
$-2.4M
$6.7M
Q3 24
$-2.6M
$-4.2M
Q2 24
$-4.8M
$1.1M
Q1 24
$-4.9M
$-736.0K
FCF Margin
CTSO
CTSO
FNWD
FNWD
Q4 25
-53.4%
54.8%
Q3 25
-27.3%
6.0%
Q2 25
-16.1%
27.0%
Q1 25
-39.7%
-25.7%
Q4 24
-26.3%
41.2%
Q3 24
-30.4%
-28.5%
Q2 24
-54.4%
7.6%
Q1 24
-54.2%
-2.9%
Capex Intensity
CTSO
CTSO
FNWD
FNWD
Q4 25
1.2%
5.2%
Q3 25
0.2%
0.9%
Q2 25
0.4%
1.7%
Q1 25
0.0%
1.2%
Q4 24
0.8%
18.8%
Q3 24
1.8%
3.4%
Q2 24
0.2%
11.2%
Q1 24
0.5%
2.8%
Cash Conversion
CTSO
CTSO
FNWD
FNWD
Q4 25
4.99×
Q3 25
0.34×
Q2 25
-0.78×
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CTSO
CTSO

Direct$5.1M55%
Distributors And Strategic Partners$4.2M45%

FNWD
FNWD

Segment breakdown not available.

Related Comparisons