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Side-by-side financial comparison of FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) and KAMADA LTD (KMDA). Click either name above to swap in a different company.

KAMADA LTD is the larger business by last-quarter revenue ($47.0M vs $44.3M, roughly 1.1× FIRST BUSINESS FINANCIAL SERVICES, INC.). FIRST BUSINESS FINANCIAL SERVICES, INC. runs the higher net margin — 27.5% vs 11.3%, a 16.3% gap on every dollar of revenue. On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs 8.5%). Over the past eight quarters, KAMADA LTD's revenue compounded faster (12.0% CAGR vs 8.0%).

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

FBIZ vs KMDA — Head-to-Head

Bigger by revenue
KMDA
KMDA
1.1× larger
KMDA
$47.0M
$44.3M
FBIZ
Growing faster (revenue YoY)
KMDA
KMDA
+4.2% gap
KMDA
12.6%
8.5%
FBIZ
Higher net margin
FBIZ
FBIZ
16.3% more per $
FBIZ
27.5%
11.3%
KMDA
Faster 2-yr revenue CAGR
KMDA
KMDA
Annualised
KMDA
12.0%
8.0%
FBIZ

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FBIZ
FBIZ
KMDA
KMDA
Revenue
$44.3M
$47.0M
Net Profit
$12.2M
$5.3M
Gross Margin
42.0%
Operating Margin
16.6%
Net Margin
27.5%
11.3%
Revenue YoY
8.5%
12.6%
Net Profit YoY
9.2%
37.1%
EPS (diluted)
$1.44
$0.09

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
FBIZ
FBIZ
KMDA
KMDA
Q1 26
$44.3M
Q4 25
$42.2M
Q3 25
$44.5M
$47.0M
Q2 25
$41.0M
$44.8M
Q1 25
$40.8M
$44.0M
Q4 24
$41.2M
Q3 24
$38.1M
$41.7M
Q2 24
$38.0M
$42.5M
Net Profit
FBIZ
FBIZ
KMDA
KMDA
Q1 26
$12.2M
Q4 25
$13.3M
Q3 25
$14.4M
$5.3M
Q2 25
$11.4M
$7.4M
Q1 25
$11.2M
$4.0M
Q4 24
$14.4M
Q3 24
$10.5M
$3.9M
Q2 24
$10.5M
$4.4M
Gross Margin
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
Q3 25
42.0%
Q2 25
42.3%
Q1 25
47.1%
Q4 24
Q3 24
41.3%
Q2 24
44.6%
Operating Margin
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
38.5%
Q3 25
39.0%
16.6%
Q2 25
32.6%
15.8%
Q1 25
33.0%
17.7%
Q4 24
37.2%
Q3 24
33.8%
12.7%
Q2 24
32.6%
13.3%
Net Margin
FBIZ
FBIZ
KMDA
KMDA
Q1 26
27.5%
Q4 25
31.6%
Q3 25
32.3%
11.3%
Q2 25
27.8%
16.5%
Q1 25
27.4%
9.0%
Q4 24
35.0%
Q3 24
27.6%
9.3%
Q2 24
27.5%
10.4%
EPS (diluted)
FBIZ
FBIZ
KMDA
KMDA
Q1 26
$1.44
Q4 25
$1.57
Q3 25
$1.70
$0.09
Q2 25
$1.35
$0.13
Q1 25
$1.32
$0.07
Q4 24
$1.69
Q3 24
$1.24
$0.07
Q2 24
$1.23
$0.08

Balance Sheet & Financial Strength

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

Metric
FBIZ
FBIZ
KMDA
KMDA
Cash + ST InvestmentsLiquidity on hand
$265.8M
$72.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$265.2M
Total Assets
$4.3B
$377.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBIZ
FBIZ
KMDA
KMDA
Q1 26
$265.8M
Q4 25
$39.5M
Q3 25
$44.3M
$72.0M
Q2 25
$123.2M
$66.0M
Q1 25
$170.6M
$76.3M
Q4 24
$157.7M
Q3 24
$132.0M
$72.0M
Q2 24
$81.1M
$56.5M
Stockholders' Equity
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
$371.6M
Q3 25
$358.3M
$265.2M
Q2 25
$344.8M
$260.0M
Q1 25
$336.1M
$252.0M
Q4 24
$328.6M
Q3 24
$312.0M
$255.3M
Q2 24
$305.2M
$251.2M
Total Assets
FBIZ
FBIZ
KMDA
KMDA
Q1 26
$4.3B
Q4 25
$4.1B
Q3 25
$4.0B
$377.2M
Q2 25
$4.0B
$368.2M
Q1 25
$3.9B
$375.1M
Q4 24
$3.9B
Q3 24
$3.7B
$351.2M
Q2 24
$3.9B
$351.0M

Cash Flow & Capital Efficiency

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

Metric
FBIZ
FBIZ
KMDA
KMDA
Operating Cash FlowLast quarter
$10.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
$61.7M
Q3 25
$18.4M
$10.4M
Q2 25
$15.8M
$8.0M
Q1 25
$11.3M
$-513.0K
Q4 24
$57.5M
Q3 24
$13.8M
$22.2M
Q2 24
$13.1M
$14.0M
Free Cash Flow
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
$61.1M
Q3 25
$18.3M
Q2 25
$15.5M
Q1 25
$11.2M
Q4 24
$57.3M
Q3 24
$13.2M
Q2 24
$12.7M
FCF Margin
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
144.7%
Q3 25
41.0%
Q2 25
37.8%
Q1 25
27.5%
Q4 24
139.2%
Q3 24
34.6%
Q2 24
33.3%
Capex Intensity
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
1.4%
Q3 25
0.3%
Q2 25
0.8%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
1.6%
Q2 24
1.1%
Cash Conversion
FBIZ
FBIZ
KMDA
KMDA
Q1 26
Q4 25
4.63×
Q3 25
1.28×
1.97×
Q2 25
1.39×
1.09×
Q1 25
1.01×
-0.13×
Q4 24
3.99×
Q3 24
1.31×
5.75×
Q2 24
1.25×
3.15×

Financial Flow Comparison

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

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