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

SOLENO THERAPEUTICS INC is the larger business by last-quarter revenue ($66.0M vs $44.3M, roughly 1.5× FIRST BUSINESS FINANCIAL SERVICES, INC.). SOLENO THERAPEUTICS INC runs the higher net margin — 39.4% vs 27.5%, a 11.9% gap on every dollar of revenue.

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.

SOLENO THERAPEUTICS INC is a clinical-stage biopharmaceutical company specializing in developing novel therapies for rare endocrine, metabolic, and neurodevelopmental disorders. Its lead product candidate targets Prader-Willi syndrome, a rare genetic condition, with key patient markets across North America and the European Union.

FBIZ vs SLNO — Head-to-Head

Bigger by revenue
SLNO
SLNO
1.5× larger
SLNO
$66.0M
$44.3M
FBIZ
Higher net margin
SLNO
SLNO
11.9% more per $
SLNO
39.4%
27.5%
FBIZ

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
FBIZ
FBIZ
SLNO
SLNO
Revenue
$44.3M
$66.0M
Net Profit
$12.2M
$26.0M
Gross Margin
98.3%
Operating Margin
33.5%
Net Margin
27.5%
39.4%
Revenue YoY
8.5%
Net Profit YoY
9.2%
134.0%
EPS (diluted)
$1.44
$0.47

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
SLNO
SLNO
Q1 26
$44.3M
Q4 25
$42.2M
Q3 25
$44.5M
$66.0M
Q2 25
$41.0M
$32.7M
Q1 25
$40.8M
Q4 24
$41.2M
Q3 24
$38.1M
Q2 24
$38.0M
Net Profit
FBIZ
FBIZ
SLNO
SLNO
Q1 26
$12.2M
Q4 25
$13.3M
Q3 25
$14.4M
$26.0M
Q2 25
$11.4M
$-4.7M
Q1 25
$11.2M
Q4 24
$14.4M
Q3 24
$10.5M
Q2 24
$10.5M
Gross Margin
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
Q3 25
98.3%
Q2 25
97.9%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
38.5%
Q3 25
39.0%
33.5%
Q2 25
32.6%
-20.0%
Q1 25
33.0%
Q4 24
37.2%
Q3 24
33.8%
Q2 24
32.6%
Net Margin
FBIZ
FBIZ
SLNO
SLNO
Q1 26
27.5%
Q4 25
31.6%
Q3 25
32.3%
39.4%
Q2 25
27.8%
-14.4%
Q1 25
27.4%
Q4 24
35.0%
Q3 24
27.6%
Q2 24
27.5%
EPS (diluted)
FBIZ
FBIZ
SLNO
SLNO
Q1 26
$1.44
Q4 25
$1.57
Q3 25
$1.70
$0.47
Q2 25
$1.35
$-0.09
Q1 25
$1.32
Q4 24
$1.69
Q3 24
$1.24
Q2 24
$1.23

Balance Sheet & Financial Strength

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

Metric
FBIZ
FBIZ
SLNO
SLNO
Cash + ST InvestmentsLiquidity on hand
$265.8M
$498.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$494.8M
Total Assets
$4.3B
$599.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBIZ
FBIZ
SLNO
SLNO
Q1 26
$265.8M
Q4 25
$39.5M
Q3 25
$44.3M
$498.9M
Q2 25
$123.2M
$286.8M
Q1 25
$170.6M
Q4 24
$157.7M
Q3 24
$132.0M
Q2 24
$81.1M
Stockholders' Equity
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
$371.6M
Q3 25
$358.3M
$494.8M
Q2 25
$344.8M
$240.1M
Q1 25
$336.1M
Q4 24
$328.6M
Q3 24
$312.0M
Q2 24
$305.2M
Total Assets
FBIZ
FBIZ
SLNO
SLNO
Q1 26
$4.3B
Q4 25
$4.1B
Q3 25
$4.0B
$599.9M
Q2 25
$4.0B
$332.3M
Q1 25
$3.9B
Q4 24
$3.9B
Q3 24
$3.7B
Q2 24
$3.9B

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
SLNO
SLNO
Operating Cash FlowLast quarter
$43.5M
Free Cash FlowOCF − Capex
$43.5M
FCF MarginFCF / Revenue
65.8%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.67×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
$61.7M
Q3 25
$18.4M
$43.5M
Q2 25
$15.8M
$-12.6M
Q1 25
$11.3M
Q4 24
$57.5M
Q3 24
$13.8M
Q2 24
$13.1M
Free Cash Flow
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
$61.1M
Q3 25
$18.3M
$43.5M
Q2 25
$15.5M
$-12.6M
Q1 25
$11.2M
Q4 24
$57.3M
Q3 24
$13.2M
Q2 24
$12.7M
FCF Margin
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
144.7%
Q3 25
41.0%
65.8%
Q2 25
37.8%
-38.6%
Q1 25
27.5%
Q4 24
139.2%
Q3 24
34.6%
Q2 24
33.3%
Capex Intensity
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
1.4%
Q3 25
0.3%
0.0%
Q2 25
0.8%
0.0%
Q1 25
0.2%
Q4 24
0.5%
Q3 24
1.6%
Q2 24
1.1%
Cash Conversion
FBIZ
FBIZ
SLNO
SLNO
Q1 26
Q4 25
4.63×
Q3 25
1.28×
1.67×
Q2 25
1.39×
Q1 25
1.01×
Q4 24
3.99×
Q3 24
1.31×
Q2 24
1.25×

Financial Flow Comparison

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

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