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Side-by-side financial comparison of FIRST CAPITAL INC (FCAP) and Valens Semiconductor Ltd. (VLN). Click either name above to swap in a different company.

Valens Semiconductor Ltd. is the larger business by last-quarter revenue ($17.3M vs $13.5M, roughly 1.3× FIRST CAPITAL INC). FIRST CAPITAL INC runs the higher net margin — 36.2% vs -42.2%, a 78.4% gap on every dollar of revenue. On growth, FIRST CAPITAL INC posted the faster year-over-year revenue change (19.0% vs 8.1%). FIRST CAPITAL INC produced more free cash flow last quarter ($19.9M vs $-4.9M).

Capital First Ltd, formerly known as Future Capital Holdings, was an Indian non-bank financial institution which provided debt financing. In December 2018, it was merged into IDFC Bank to form IDFC First Bank. The company was listed on the NSE and BSE prior to the merger.

Valens Semiconductor (Valens) is an Israeli fabless manufacturing company providing semiconductors for the automotive and audio-video industries. Valens provides semiconductor products for the distribution of uncompressed ultra-high-definition (UHD) multimedia content and in-vehicle connectivity applications. The company is a member of the MIPI Alliance and developed the first-to-market chipset that is compliant with the MIPI A-PHY standard. Valens invented the technology behind the HDBaseT s...

FCAP vs VLN — Head-to-Head

Bigger by revenue
VLN
VLN
1.3× larger
VLN
$17.3M
$13.5M
FCAP
Growing faster (revenue YoY)
FCAP
FCAP
+10.9% gap
FCAP
19.0%
8.1%
VLN
Higher net margin
FCAP
FCAP
78.4% more per $
FCAP
36.2%
-42.2%
VLN
More free cash flow
FCAP
FCAP
$24.9M more FCF
FCAP
$19.9M
$-4.9M
VLN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FCAP
FCAP
VLN
VLN
Revenue
$13.5M
$17.3M
Net Profit
$4.9M
$-7.3M
Gross Margin
63.0%
Operating Margin
-46.4%
Net Margin
36.2%
-42.2%
Revenue YoY
19.0%
8.1%
Net Profit YoY
49.6%
29.3%
EPS (diluted)
$1.45
$-0.07

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
FCAP
FCAP
VLN
VLN
Q4 25
$13.5M
Q3 25
$13.3M
$17.3M
Q2 25
$12.4M
$17.1M
Q1 25
$11.4M
$16.8M
Q4 24
$11.3M
Q3 24
$10.9M
$16.0M
Q2 24
$10.7M
$13.6M
Q1 24
$10.5M
Net Profit
FCAP
FCAP
VLN
VLN
Q4 25
$4.9M
Q3 25
$4.5M
$-7.3M
Q2 25
$3.8M
$-7.2M
Q1 25
$3.2M
$-8.3M
Q4 24
$3.3M
Q3 24
$2.9M
$-10.4M
Q2 24
$2.8M
$-8.9M
Q1 24
$3.0M
Gross Margin
FCAP
FCAP
VLN
VLN
Q4 25
Q3 25
63.0%
Q2 25
63.5%
Q1 25
62.9%
Q4 24
Q3 24
56.4%
Q2 24
61.4%
Q1 24
Operating Margin
FCAP
FCAP
VLN
VLN
Q4 25
Q3 25
41.8%
-46.4%
Q2 25
37.2%
-43.3%
Q1 25
34.2%
-56.2%
Q4 24
34.8%
Q3 24
31.5%
-76.3%
Q2 24
31.1%
-69.2%
Q1 24
33.0%
Net Margin
FCAP
FCAP
VLN
VLN
Q4 25
36.2%
Q3 25
33.8%
-42.2%
Q2 25
30.4%
-42.1%
Q1 25
28.3%
-49.4%
Q4 24
28.8%
Q3 24
26.5%
-64.6%
Q2 24
26.5%
-65.2%
Q1 24
28.1%
EPS (diluted)
FCAP
FCAP
VLN
VLN
Q4 25
$1.45
Q3 25
$1.34
$-0.07
Q2 25
$1.13
$-0.07
Q1 25
$0.97
$-0.08
Q4 24
$0.97
Q3 24
$0.87
$-0.10
Q2 24
$0.85
$-0.08
Q1 24
$0.88

Balance Sheet & Financial Strength

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

Metric
FCAP
FCAP
VLN
VLN
Cash + ST InvestmentsLiquidity on hand
$93.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$137.8M
$108.8M
Total Assets
$1.3B
$136.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FCAP
FCAP
VLN
VLN
Q4 25
Q3 25
$93.5M
Q2 25
$102.7M
Q1 25
$112.5M
Q4 24
Q3 24
$133.1M
Q2 24
$105.9M
Q1 24
Stockholders' Equity
FCAP
FCAP
VLN
VLN
Q4 25
$137.8M
Q3 25
$132.4M
$108.8M
Q2 25
$123.2M
$116.5M
Q1 25
$120.1M
$128.6M
Q4 24
$114.6M
Q3 24
$116.8M
$147.0M
Q2 24
$107.8M
$153.5M
Q1 24
$105.7M
Total Assets
FCAP
FCAP
VLN
VLN
Q4 25
$1.3B
Q3 25
$1.2B
$136.7M
Q2 25
$1.2B
$144.8M
Q1 25
$1.2B
$154.6M
Q4 24
$1.2B
Q3 24
$1.2B
$171.9M
Q2 24
$1.2B
$175.8M
Q1 24
$1.2B

Cash Flow & Capital Efficiency

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

Metric
FCAP
FCAP
VLN
VLN
Operating Cash FlowLast quarter
$21.3M
$-4.7M
Free Cash FlowOCF − Capex
$19.9M
$-4.9M
FCF MarginFCF / Revenue
147.7%
-28.5%
Capex IntensityCapex / Revenue
10.0%
1.6%
Cash ConversionOCF / Net Profit
4.36×
TTM Free Cash FlowTrailing 4 quarters
$35.3M
$-11.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FCAP
FCAP
VLN
VLN
Q4 25
$21.3M
Q3 25
$7.9M
$-4.7M
Q2 25
$3.7M
$-211.0K
Q1 25
$4.4M
$-7.6M
Q4 24
$22.3M
Q3 24
$7.6M
$3.0M
Q2 24
$3.5M
$-225.0K
Q1 24
$7.2M
Free Cash Flow
FCAP
FCAP
VLN
VLN
Q4 25
$19.9M
Q3 25
$7.8M
$-4.9M
Q2 25
$3.5M
$-330.0K
Q1 25
$4.2M
$-8.0M
Q4 24
$21.6M
Q3 24
$7.5M
$2.2M
Q2 24
$3.3M
$-460.0K
Q1 24
$7.1M
FCF Margin
FCAP
FCAP
VLN
VLN
Q4 25
147.7%
Q3 25
58.6%
-28.5%
Q2 25
27.8%
-1.9%
Q1 25
36.5%
-47.3%
Q4 24
190.7%
Q3 24
68.6%
14.0%
Q2 24
31.2%
-3.4%
Q1 24
67.2%
Capex Intensity
FCAP
FCAP
VLN
VLN
Q4 25
10.0%
Q3 25
1.2%
1.6%
Q2 25
2.2%
0.7%
Q1 25
1.9%
2.1%
Q4 24
6.3%
Q3 24
0.8%
4.5%
Q2 24
1.4%
1.7%
Q1 24
1.5%
Cash Conversion
FCAP
FCAP
VLN
VLN
Q4 25
4.36×
Q3 25
1.77×
Q2 25
0.99×
Q1 25
1.36×
Q4 24
6.84×
Q3 24
2.62×
Q2 24
1.23×
Q1 24
2.45×

Financial Flow Comparison

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

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