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Side-by-side financial comparison of Dragonfly Energy Holdings Corp. (DFLI) and LCNB CORP (LCNB). Click either name above to swap in a different company.

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $13.1M, roughly 1.8× Dragonfly Energy Holdings Corp.). LCNB CORP runs the higher net margin — 23.7% vs -344.9%, a 368.6% gap on every dollar of revenue. On growth, Dragonfly Energy Holdings Corp. posted the faster year-over-year revenue change (6.9% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $-14.9M). Over the past eight quarters, LCNB CORP's revenue compounded faster (15.7% CAGR vs 2.2%).

Dragonfly Energy Holdings Corp. is a U.S.-based energy technology company specializing in designing and manufacturing high-performance, sustainable lithium-ion batteries. Its core offerings include deep-cycle batteries for RVs, marine uses, off-grid power systems, and residential energy storage, primarily serving consumer and small industrial renewable energy markets across North America.

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

DFLI vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.8× larger
LCNB
$23.9M
$13.1M
DFLI
Growing faster (revenue YoY)
DFLI
DFLI
+1.8% gap
DFLI
6.9%
5.1%
LCNB
Higher net margin
LCNB
LCNB
368.6% more per $
LCNB
23.7%
-344.9%
DFLI
More free cash flow
LCNB
LCNB
$48.3M more FCF
LCNB
$33.4M
$-14.9M
DFLI
Faster 2-yr revenue CAGR
LCNB
LCNB
Annualised
LCNB
15.7%
2.2%
DFLI

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DFLI
DFLI
LCNB
LCNB
Revenue
$13.1M
$23.9M
Net Profit
$-45.0M
$5.7M
Gross Margin
18.2%
Operating Margin
-78.1%
29.2%
Net Margin
-344.9%
23.7%
Revenue YoY
6.9%
5.1%
Net Profit YoY
-357.6%
-7.6%
EPS (diluted)
$-13.09
$0.40

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
DFLI
DFLI
LCNB
LCNB
Q4 25
$13.1M
$23.9M
Q3 25
$16.0M
$23.8M
Q2 25
$16.2M
$22.8M
Q1 25
$13.4M
$21.5M
Q4 24
$12.2M
$22.7M
Q3 24
$12.7M
$21.4M
Q2 24
$13.2M
$19.3M
Q1 24
$12.5M
$17.8M
Net Profit
DFLI
DFLI
LCNB
LCNB
Q4 25
$-45.0M
$5.7M
Q3 25
$-11.1M
$6.9M
Q2 25
$-7.0M
$5.9M
Q1 25
$-6.8M
$4.6M
Q4 24
$-9.8M
$6.1M
Q3 24
$-6.8M
$4.5M
Q2 24
$-13.6M
$925.0K
Q1 24
$-10.4M
$1.9M
Gross Margin
DFLI
DFLI
LCNB
LCNB
Q4 25
18.2%
Q3 25
29.7%
Q2 25
28.3%
Q1 25
29.4%
Q4 24
20.8%
Q3 24
22.6%
Q2 24
24.0%
Q1 24
24.4%
Operating Margin
DFLI
DFLI
LCNB
LCNB
Q4 25
-78.1%
29.2%
Q3 25
-23.7%
35.6%
Q2 25
-20.2%
31.6%
Q1 25
-44.3%
25.6%
Q4 24
-58.5%
32.9%
Q3 24
-47.4%
24.9%
Q2 24
-51.1%
4.9%
Q1 24
-46.7%
12.5%
Net Margin
DFLI
DFLI
LCNB
LCNB
Q4 25
-344.9%
23.7%
Q3 25
-69.3%
29.1%
Q2 25
-43.3%
26.0%
Q1 25
-50.9%
21.4%
Q4 24
-80.6%
27.0%
Q3 24
-53.3%
21.2%
Q2 24
-103.2%
4.8%
Q1 24
-82.9%
10.7%
EPS (diluted)
DFLI
DFLI
LCNB
LCNB
Q4 25
$-13.09
$0.40
Q3 25
$-0.20
$0.49
Q2 25
$-0.58
$0.41
Q1 25
$-0.93
$0.33
Q4 24
$-54.60
$0.44
Q3 24
$-0.11
$0.31
Q2 24
$-0.22
$0.07
Q1 24
$-0.17
$0.15

Balance Sheet & Financial Strength

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

Metric
DFLI
DFLI
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$18.3M
$21.6M
Total DebtLower is stronger
$19.3M
$104.4M
Stockholders' EquityBook value
$11.5M
$273.9M
Total Assets
$86.5M
$2.2B
Debt / EquityLower = less leverage
1.68×
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DFLI
DFLI
LCNB
LCNB
Q4 25
$18.3M
$21.6M
Q3 25
$3.8M
$35.9M
Q2 25
$2.7M
$49.8M
Q1 25
$2.5M
$37.7M
Q4 24
$4.8M
$35.7M
Q3 24
$8.0M
$39.4M
Q2 24
$4.7M
$34.9M
Q1 24
$8.5M
$33.0M
Total Debt
DFLI
DFLI
LCNB
LCNB
Q4 25
$19.3M
$104.4M
Q3 25
$97.1M
$104.7M
Q2 25
$93.2M
$105.0M
Q1 25
$89.5M
$104.6M
Q4 24
$85.9M
$155.2M
Q3 24
$82.4M
$155.7M
Q2 24
$80.4M
$162.2M
Q1 24
$77.1M
$162.6M
Stockholders' Equity
DFLI
DFLI
LCNB
LCNB
Q4 25
$11.5M
$273.9M
Q3 25
$-21.6M
$269.9M
Q2 25
$-16.6M
$263.5M
Q1 25
$-15.6M
$258.7M
Q4 24
$-9.4M
$253.0M
Q3 24
$-297.0K
$253.2M
Q2 24
$5.3M
$245.2M
Q1 24
$17.8M
$233.7M
Total Assets
DFLI
DFLI
LCNB
LCNB
Q4 25
$86.5M
$2.2B
Q3 25
$73.8M
$2.2B
Q2 25
$71.8M
$2.3B
Q1 25
$74.2M
$2.3B
Q4 24
$75.2M
$2.3B
Q3 24
$83.9M
$2.3B
Q2 24
$85.0M
$2.4B
Q1 24
$88.4M
$2.3B
Debt / Equity
DFLI
DFLI
LCNB
LCNB
Q4 25
1.68×
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
15.27×
0.66×
Q1 24
4.33×
0.70×

Cash Flow & Capital Efficiency

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

Metric
DFLI
DFLI
LCNB
LCNB
Operating Cash FlowLast quarter
$-14.7M
$34.4M
Free Cash FlowOCF − Capex
$-14.9M
$33.4M
FCF MarginFCF / Revenue
-113.8%
140.2%
Capex IntensityCapex / Revenue
1.1%
4.0%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DFLI
DFLI
LCNB
LCNB
Q4 25
$-14.7M
$34.4M
Q3 25
$14.0M
Q2 25
$5.5M
Q1 25
$-4.5M
$2.2M
Q4 24
$-2.5M
$93.2M
Q3 24
$11.9M
Q2 24
$54.9M
Q1 24
$-3.4M
$-11.9M
Free Cash Flow
DFLI
DFLI
LCNB
LCNB
Q4 25
$-14.9M
$33.4M
Q3 25
$13.7M
Q2 25
$5.2M
Q1 25
$-5.3M
$2.1M
Q4 24
$-3.5M
$89.4M
Q3 24
$10.5M
Q2 24
$53.8M
Q1 24
$-4.2M
$-12.8M
FCF Margin
DFLI
DFLI
LCNB
LCNB
Q4 25
-113.8%
140.2%
Q3 25
57.4%
Q2 25
23.0%
Q1 25
-39.6%
10.0%
Q4 24
-28.6%
394.0%
Q3 24
49.0%
Q2 24
278.6%
Q1 24
-33.7%
-71.8%
Capex Intensity
DFLI
DFLI
LCNB
LCNB
Q4 25
1.1%
4.0%
Q3 25
1.3%
Q2 25
1.0%
Q1 25
5.8%
0.3%
Q4 24
8.1%
16.7%
Q3 24
6.7%
Q2 24
5.9%
Q1 24
6.5%
4.8%
Cash Conversion
DFLI
DFLI
LCNB
LCNB
Q4 25
6.08×
Q3 25
2.02×
Q2 25
0.92×
Q1 25
0.48×
Q4 24
15.23×
Q3 24
2.63×
Q2 24
59.35×
Q1 24
-6.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DFLI
DFLI

Original Equipment Manufacturers$8.1M62%
Sales Channel Directly To Consumer$4.7M36%

LCNB
LCNB

Segment breakdown not available.

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