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Side-by-side financial comparison of enCore Energy Corp. (EU) and NATIONAL BANKSHARES INC (NKSH). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $12.4M, roughly 1.2× enCore Energy Corp.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -173.9%, a 212.4% gap on every dollar of revenue. NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $7.2M).

Devon Energy Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware with operational headquarters in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its operations are in the Delaware Basin, Eagle Ford Group, and the Rocky Mountains.

Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.

EU vs NKSH — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.2× larger
NKSH
$15.3M
$12.4M
EU
Higher net margin
NKSH
NKSH
212.4% more per $
NKSH
38.5%
-173.9%
EU
More free cash flow
NKSH
NKSH
$8.0M more FCF
NKSH
$15.2M
$7.2M
EU

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EU
EU
NKSH
NKSH
Revenue
$12.4M
$15.3M
Net Profit
$-21.5M
$5.9M
Gross Margin
37.9%
Operating Margin
-135.9%
47.4%
Net Margin
-173.9%
38.5%
Revenue YoY
24.7%
Net Profit YoY
91.0%
EPS (diluted)
$-0.11
$0.93

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
EU
EU
NKSH
NKSH
Q4 25
$12.4M
$15.3M
Q3 25
$8.9M
$14.2M
Q2 25
$3.7M
$13.3M
Q1 25
$18.2M
$12.8M
Q4 24
$12.2M
Q3 24
$11.7M
Q2 24
$10.9M
Q1 24
$10.4M
Net Profit
EU
EU
NKSH
NKSH
Q4 25
$-21.5M
$5.9M
Q3 25
$-4.8M
$4.4M
Q2 25
$-6.3M
$2.3M
Q1 25
$-24.2M
$3.2M
Q4 24
$3.1M
Q3 24
$2.7M
Q2 24
$-307.0K
Q1 24
$2.2M
Gross Margin
EU
EU
NKSH
NKSH
Q4 25
37.9%
Q3 25
43.8%
Q2 25
30.8%
Q1 25
-0.1%
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
EU
EU
NKSH
NKSH
Q4 25
-135.9%
47.4%
Q3 25
-158.2%
37.9%
Q2 25
-526.1%
20.0%
Q1 25
-85.7%
30.5%
Q4 24
30.1%
Q3 24
27.5%
Q2 24
-4.4%
Q1 24
25.8%
Net Margin
EU
EU
NKSH
NKSH
Q4 25
-173.9%
38.5%
Q3 25
-53.7%
31.1%
Q2 25
-172.7%
17.2%
Q1 25
-132.9%
25.3%
Q4 24
25.1%
Q3 24
22.8%
Q2 24
-2.8%
Q1 24
20.8%
EPS (diluted)
EU
EU
NKSH
NKSH
Q4 25
$-0.11
$0.93
Q3 25
$-0.03
$0.69
Q2 25
$-0.03
$0.36
Q1 25
$-0.13
$0.51
Q4 24
$0.50
Q3 24
$0.42
Q2 24
$-0.05
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
EU
EU
NKSH
NKSH
Cash + ST InvestmentsLiquidity on hand
$52.4M
$59.3M
Total DebtLower is stronger
$110.0M
Stockholders' EquityBook value
$229.2M
$184.9M
Total Assets
$430.4M
$1.8B
Debt / EquityLower = less leverage
0.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EU
EU
NKSH
NKSH
Q4 25
$52.4M
$59.3M
Q3 25
$91.9M
$42.3M
Q2 25
$26.9M
$92.8M
Q1 25
$29.7M
$122.5M
Q4 24
$108.1M
Q3 24
$49.8M
Q2 24
$98.9M
Q1 24
$121.2M
Total Debt
EU
EU
NKSH
NKSH
Q4 25
$110.0M
Q3 25
$109.3M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EU
EU
NKSH
NKSH
Q4 25
$229.2M
$184.9M
Q3 25
$248.6M
$179.2M
Q2 25
$264.7M
$168.7M
Q1 25
$267.9M
$167.3M
Q4 24
$156.4M
Q3 24
$167.8M
Q2 24
$149.0M
Q1 24
$139.4M
Total Assets
EU
EU
NKSH
NKSH
Q4 25
$430.4M
$1.8B
Q3 25
$441.9M
$1.8B
Q2 25
$359.4M
$1.8B
Q1 25
$362.6M
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$1.7B
Debt / Equity
EU
EU
NKSH
NKSH
Q4 25
0.48×
Q3 25
0.44×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EU
EU
NKSH
NKSH
Operating Cash FlowLast quarter
$12.9M
$17.9M
Free Cash FlowOCF − Capex
$7.2M
$15.2M
FCF MarginFCF / Revenue
57.8%
99.2%
Capex IntensityCapex / Revenue
46.7%
17.9%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$-45.0M
$23.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EU
EU
NKSH
NKSH
Q4 25
$12.9M
$17.9M
Q3 25
$-20.3M
$6.1M
Q2 25
$-9.9M
$2.1M
Q1 25
$-7.7M
$2.6M
Q4 24
$9.4M
Q3 24
$3.1M
Q2 24
$-3.0M
Q1 24
$3.8M
Free Cash Flow
EU
EU
NKSH
NKSH
Q4 25
$7.2M
$15.2M
Q3 25
$-26.3M
$5.3M
Q2 25
$-14.1M
$1.5M
Q1 25
$-11.7M
$1.6M
Q4 24
$6.2M
Q3 24
$2.2M
Q2 24
$-4.0M
Q1 24
$3.5M
FCF Margin
EU
EU
NKSH
NKSH
Q4 25
57.8%
99.2%
Q3 25
-296.6%
37.4%
Q2 25
-385.2%
11.5%
Q1 25
-64.1%
12.5%
Q4 24
50.5%
Q3 24
18.5%
Q2 24
-36.3%
Q1 24
33.8%
Capex Intensity
EU
EU
NKSH
NKSH
Q4 25
46.7%
17.9%
Q3 25
68.0%
5.6%
Q2 25
115.1%
4.1%
Q1 25
21.7%
7.5%
Q4 24
26.6%
Q3 24
8.3%
Q2 24
9.3%
Q1 24
3.0%
Cash Conversion
EU
EU
NKSH
NKSH
Q4 25
3.04×
Q3 25
1.38×
Q2 25
0.90×
Q1 25
0.79×
Q4 24
3.07×
Q3 24
1.17×
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

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