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Side-by-side financial comparison of Electrovaya Inc. (ELVA) 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 $17.1M, roughly 1.4× Electrovaya Inc.). LCNB CORP runs the higher net margin — 23.7% vs 5.3%, a 18.4% gap on every dollar of revenue. LCNB CORP produced more free cash flow last quarter ($33.4M vs $-9.7M).

Electrovaya Inc. is a developer and manufacturer of Lithium-ion batteries and battery systems for the automotive, warehousing, autonomous guided vehicles, and energy storage applications. The company has operations in NY State and based in Ontario, Canada.

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.

ELVA vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
1.4× larger
LCNB
$23.9M
$17.1M
ELVA
Higher net margin
LCNB
LCNB
18.4% more per $
LCNB
23.7%
5.3%
ELVA
More free cash flow
LCNB
LCNB
$43.2M more FCF
LCNB
$33.4M
$-9.7M
ELVA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ELVA
ELVA
LCNB
LCNB
Revenue
$17.1M
$23.9M
Net Profit
$907.0K
$5.7M
Gross Margin
30.8%
Operating Margin
29.2%
Net Margin
5.3%
23.7%
Revenue YoY
5.1%
Net Profit YoY
-7.6%
EPS (diluted)
$0.02
$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
ELVA
ELVA
LCNB
LCNB
Q4 25
$23.9M
Q3 25
$23.8M
Q2 25
$17.1M
$22.8M
Q1 25
$21.5M
Q4 24
$22.7M
Q3 24
$21.4M
Q2 24
$19.3M
Q1 24
$17.8M
Net Profit
ELVA
ELVA
LCNB
LCNB
Q4 25
$5.7M
Q3 25
$6.9M
Q2 25
$907.0K
$5.9M
Q1 25
$4.6M
Q4 24
$6.1M
Q3 24
$4.5M
Q2 24
$925.0K
Q1 24
$1.9M
Gross Margin
ELVA
ELVA
LCNB
LCNB
Q4 25
Q3 25
Q2 25
30.8%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
ELVA
ELVA
LCNB
LCNB
Q4 25
29.2%
Q3 25
35.6%
Q2 25
31.6%
Q1 25
25.6%
Q4 24
32.9%
Q3 24
24.9%
Q2 24
4.9%
Q1 24
12.5%
Net Margin
ELVA
ELVA
LCNB
LCNB
Q4 25
23.7%
Q3 25
29.1%
Q2 25
5.3%
26.0%
Q1 25
21.4%
Q4 24
27.0%
Q3 24
21.2%
Q2 24
4.8%
Q1 24
10.7%
EPS (diluted)
ELVA
ELVA
LCNB
LCNB
Q4 25
$0.40
Q3 25
$0.49
Q2 25
$0.02
$0.41
Q1 25
$0.33
Q4 24
$0.44
Q3 24
$0.31
Q2 24
$0.07
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
ELVA
ELVA
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$1.3M
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$22.3M
$273.9M
Total Assets
$53.9M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ELVA
ELVA
LCNB
LCNB
Q4 25
$21.6M
Q3 25
$35.9M
Q2 25
$1.3M
$49.8M
Q1 25
$37.7M
Q4 24
$35.7M
Q3 24
$39.4M
Q2 24
$34.9M
Q1 24
$33.0M
Total Debt
ELVA
ELVA
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
ELVA
ELVA
LCNB
LCNB
Q4 25
$273.9M
Q3 25
$269.9M
Q2 25
$22.3M
$263.5M
Q1 25
$258.7M
Q4 24
$253.0M
Q3 24
$253.2M
Q2 24
$245.2M
Q1 24
$233.7M
Total Assets
ELVA
ELVA
LCNB
LCNB
Q4 25
$2.2B
Q3 25
$2.2B
Q2 25
$53.9M
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.3B
Debt / Equity
ELVA
ELVA
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
ELVA
ELVA
LCNB
LCNB
Operating Cash FlowLast quarter
$-7.3M
$34.4M
Free Cash FlowOCF − Capex
$-9.7M
$33.4M
FCF MarginFCF / Revenue
-56.8%
140.2%
Capex IntensityCapex / Revenue
14.1%
4.0%
Cash ConversionOCF / Net Profit
-8.06×
6.08×
TTM Free Cash FlowTrailing 4 quarters
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ELVA
ELVA
LCNB
LCNB
Q4 25
$34.4M
Q3 25
$14.0M
Q2 25
$-7.3M
$5.5M
Q1 25
$2.2M
Q4 24
$93.2M
Q3 24
$11.9M
Q2 24
$54.9M
Q1 24
$-11.9M
Free Cash Flow
ELVA
ELVA
LCNB
LCNB
Q4 25
$33.4M
Q3 25
$13.7M
Q2 25
$-9.7M
$5.2M
Q1 25
$2.1M
Q4 24
$89.4M
Q3 24
$10.5M
Q2 24
$53.8M
Q1 24
$-12.8M
FCF Margin
ELVA
ELVA
LCNB
LCNB
Q4 25
140.2%
Q3 25
57.4%
Q2 25
-56.8%
23.0%
Q1 25
10.0%
Q4 24
394.0%
Q3 24
49.0%
Q2 24
278.6%
Q1 24
-71.8%
Capex Intensity
ELVA
ELVA
LCNB
LCNB
Q4 25
4.0%
Q3 25
1.3%
Q2 25
14.1%
1.0%
Q1 25
0.3%
Q4 24
16.7%
Q3 24
6.7%
Q2 24
5.9%
Q1 24
4.8%
Cash Conversion
ELVA
ELVA
LCNB
LCNB
Q4 25
6.08×
Q3 25
2.02×
Q2 25
-8.06×
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.

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