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Side-by-side financial comparison of Electromed, Inc. (ELMD) 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 $18.9M, roughly 1.3× Electromed, Inc.). LCNB CORP runs the higher net margin — 23.7% vs 14.6%, a 9.1% gap on every dollar of revenue. On growth, Electromed, Inc. posted the faster year-over-year revenue change (16.3% vs 5.1%). LCNB CORP produced more free cash flow last quarter ($33.4M vs $2.4M). Over the past eight quarters, Electromed, Inc.'s revenue compounded faster (16.7% CAGR vs 15.7%).

Electromed, Inc. is a specialized medical device firm developing, manufacturing, and distributing advanced respiratory care products. Its core offerings are high-frequency chest wall oscillation systems that clear airway secretions for patients with cystic fibrosis, COPD and other respiratory conditions, serving U.S. home care and clinical customers.

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.

ELMD vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.3× larger
LCNB
$23.9M
$18.9M
ELMD
Growing faster (revenue YoY)
ELMD
ELMD
+11.2% gap
ELMD
16.3%
5.1%
LCNB
Higher net margin
LCNB
LCNB
9.1% more per $
LCNB
23.7%
14.6%
ELMD
More free cash flow
LCNB
LCNB
$31.0M more FCF
LCNB
$33.4M
$2.4M
ELMD
Faster 2-yr revenue CAGR
ELMD
ELMD
Annualised
ELMD
16.7%
15.7%
LCNB

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
ELMD
ELMD
LCNB
LCNB
Revenue
$18.9M
$23.9M
Net Profit
$2.8M
$5.7M
Gross Margin
78.4%
Operating Margin
19.2%
29.2%
Net Margin
14.6%
23.7%
Revenue YoY
16.3%
5.1%
Net Profit YoY
40.3%
-7.6%
EPS (diluted)
$0.32
$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
ELMD
ELMD
LCNB
LCNB
Q4 25
$18.9M
$23.9M
Q3 25
$16.9M
$23.8M
Q2 25
$17.4M
$22.8M
Q1 25
$15.7M
$21.5M
Q4 24
$16.3M
$22.7M
Q3 24
$14.7M
$21.4M
Q2 24
$14.8M
$19.3M
Q1 24
$13.9M
$17.8M
Net Profit
ELMD
ELMD
LCNB
LCNB
Q4 25
$2.8M
$5.7M
Q3 25
$2.1M
$6.9M
Q2 25
$2.2M
$5.9M
Q1 25
$1.9M
$4.6M
Q4 24
$2.0M
$6.1M
Q3 24
$1.5M
$4.5M
Q2 24
$1.8M
$925.0K
Q1 24
$1.5M
$1.9M
Gross Margin
ELMD
ELMD
LCNB
LCNB
Q4 25
78.4%
Q3 25
78.1%
Q2 25
78.3%
Q1 25
78.0%
Q4 24
77.7%
Q3 24
78.3%
Q2 24
76.2%
Q1 24
74.8%
Operating Margin
ELMD
ELMD
LCNB
LCNB
Q4 25
19.2%
29.2%
Q3 25
15.8%
35.6%
Q2 25
17.5%
31.6%
Q1 25
13.6%
25.6%
Q4 24
15.6%
32.9%
Q3 24
13.2%
24.9%
Q2 24
15.7%
4.9%
Q1 24
13.3%
12.5%
Net Margin
ELMD
ELMD
LCNB
LCNB
Q4 25
14.6%
23.7%
Q3 25
12.6%
29.1%
Q2 25
12.7%
26.0%
Q1 25
12.1%
21.4%
Q4 24
12.1%
27.0%
Q3 24
10.0%
21.2%
Q2 24
12.3%
4.8%
Q1 24
10.8%
10.7%
EPS (diluted)
ELMD
ELMD
LCNB
LCNB
Q4 25
$0.32
$0.40
Q3 25
$0.25
$0.49
Q2 25
$0.26
$0.41
Q1 25
$0.21
$0.33
Q4 24
$0.22
$0.44
Q3 24
$0.16
$0.31
Q2 24
$0.20
$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
ELMD
ELMD
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$13.8M
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$45.4M
$273.9M
Total Assets
$54.9M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELMD
ELMD
LCNB
LCNB
Q4 25
$13.8M
$21.6M
Q3 25
$14.1M
$35.9M
Q2 25
$15.3M
$49.8M
Q1 25
$15.2M
$37.7M
Q4 24
$16.2M
$35.7M
Q3 24
$13.9M
$39.4M
Q2 24
$16.1M
$34.9M
Q1 24
$11.7M
$33.0M
Total Debt
ELMD
ELMD
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$104.7M
Q2 25
$105.0M
Q1 25
$104.6M
Q4 24
$155.2M
Q3 24
$155.7M
Q2 24
$162.2M
Q1 24
$162.6M
Stockholders' Equity
ELMD
ELMD
LCNB
LCNB
Q4 25
$45.4M
$273.9M
Q3 25
$44.7M
$269.9M
Q2 25
$43.2M
$263.5M
Q1 25
$43.9M
$258.7M
Q4 24
$43.6M
$253.0M
Q3 24
$41.5M
$253.2M
Q2 24
$44.5M
$245.2M
Q1 24
$42.5M
$233.7M
Total Assets
ELMD
ELMD
LCNB
LCNB
Q4 25
$54.9M
$2.2B
Q3 25
$53.6M
$2.2B
Q2 25
$53.8M
$2.3B
Q1 25
$52.5M
$2.3B
Q4 24
$52.3M
$2.3B
Q3 24
$48.9M
$2.3B
Q2 24
$52.2M
$2.4B
Q1 24
$48.9M
$2.3B
Debt / Equity
ELMD
ELMD
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
0.66×
Q1 24
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
ELMD
ELMD
LCNB
LCNB
Operating Cash FlowLast quarter
$3.0M
$34.4M
Free Cash FlowOCF − Capex
$2.4M
$33.4M
FCF MarginFCF / Revenue
12.7%
140.2%
Capex IntensityCapex / Revenue
3.4%
4.0%
Cash ConversionOCF / Net Profit
1.10×
6.08×
TTM Free Cash FlowTrailing 4 quarters
$7.9M
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELMD
ELMD
LCNB
LCNB
Q4 25
$3.0M
$34.4M
Q3 25
$169.0K
$14.0M
Q2 25
$3.9M
$5.5M
Q1 25
$2.1M
$2.2M
Q4 24
$3.2M
$93.2M
Q3 24
$2.3M
$11.9M
Q2 24
$4.5M
$54.9M
Q1 24
$1.4M
$-11.9M
Free Cash Flow
ELMD
ELMD
LCNB
LCNB
Q4 25
$2.4M
$33.4M
Q3 25
$-83.0K
$13.7M
Q2 25
$3.7M
$5.2M
Q1 25
$1.9M
$2.1M
Q4 24
$2.9M
$89.4M
Q3 24
$2.3M
$10.5M
Q2 24
$4.5M
$53.8M
Q1 24
$1.3M
$-12.8M
FCF Margin
ELMD
ELMD
LCNB
LCNB
Q4 25
12.7%
140.2%
Q3 25
-0.5%
57.4%
Q2 25
21.4%
23.0%
Q1 25
12.2%
10.0%
Q4 24
18.0%
394.0%
Q3 24
15.5%
49.0%
Q2 24
30.1%
278.6%
Q1 24
9.1%
-71.8%
Capex Intensity
ELMD
ELMD
LCNB
LCNB
Q4 25
3.4%
4.0%
Q3 25
1.5%
1.3%
Q2 25
0.8%
1.0%
Q1 25
1.0%
0.3%
Q4 24
1.4%
16.7%
Q3 24
0.3%
6.7%
Q2 24
0.1%
5.9%
Q1 24
0.6%
4.8%
Cash Conversion
ELMD
ELMD
LCNB
LCNB
Q4 25
1.10×
6.08×
Q3 25
0.08×
2.02×
Q2 25
1.75×
0.92×
Q1 25
1.10×
0.48×
Q4 24
1.60×
15.23×
Q3 24
1.57×
2.63×
Q2 24
2.46×
59.35×
Q1 24
0.90×
-6.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ELMD
ELMD

Homecare$17.3M91%
Other$1.6M9%

LCNB
LCNB

Segment breakdown not available.

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