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Side-by-side financial comparison of FENNEC PHARMACEUTICALS INC. (FENC) and Virginia National Bankshares Corp (VABK). Click either name above to swap in a different company.

Virginia National Bankshares Corp is the larger business by last-quarter revenue ($15.0M vs $13.8M, roughly 1.1× FENNEC PHARMACEUTICALS INC.). Virginia National Bankshares Corp runs the higher net margin — 39.7% vs -34.7%, a 74.4% gap on every dollar of revenue. On growth, FENNEC PHARMACEUTICALS INC. posted the faster year-over-year revenue change (73.8% vs 3.6%). Over the past eight quarters, Virginia National Bankshares Corp's revenue compounded faster (7.0% CAGR vs -26.3%).

Fennec Pharmaceuticals Inc. is a biopharmaceutical firm focused on developing and commercializing therapies to reduce treatment-related side effects in pediatric cancer patients. Its lead product targets chemotherapy-induced ototoxicity, with core North American markets serving oncology providers and vulnerable pediatric patient groups.

United Bankshares, Inc. is a bank holding company dual-headquartered in Charleston, West Virginia and Fairfax, Virginia with operations in West Virginia, Virginia, the District of Columbia, Maryland, Ohio, Pennsylvania, North Carolina, South Carolina, and Georgia in the United States. United Bankshares is the parent company of United Bank which comprises nearly 250 offices in eight states. In addition, UBSI is the parent company to subsidiaries George Mason Mortgage, United Brokerage, and Cre...

FENC vs VABK — Head-to-Head

Bigger by revenue
VABK
VABK
1.1× larger
VABK
$15.0M
$13.8M
FENC
Growing faster (revenue YoY)
FENC
FENC
+70.3% gap
FENC
73.8%
3.6%
VABK
Higher net margin
VABK
VABK
74.4% more per $
VABK
39.7%
-34.7%
FENC
Faster 2-yr revenue CAGR
VABK
VABK
Annualised
VABK
7.0%
-26.3%
FENC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FENC
FENC
VABK
VABK
Revenue
$13.8M
$15.0M
Net Profit
$-4.8M
$6.0M
Gross Margin
Operating Margin
-18.5%
50.5%
Net Margin
-34.7%
39.7%
Revenue YoY
73.8%
3.6%
Net Profit YoY
-141.1%
30.6%
EPS (diluted)
$-0.17
$1.10

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
FENC
FENC
VABK
VABK
Q4 25
$13.8M
$15.0M
Q3 25
$12.5M
$14.4M
Q2 25
$9.7M
$14.1M
Q1 25
$8.8M
$14.1M
Q4 24
$7.9M
$14.5M
Q3 24
$7.0M
$13.5M
Q2 24
$7.3M
$12.9M
Q1 24
$25.4M
$13.1M
Net Profit
FENC
FENC
VABK
VABK
Q4 25
$-4.8M
$6.0M
Q3 25
$-638.0K
$4.6M
Q2 25
$-3.2M
$4.2M
Q1 25
$-1.2M
$4.5M
Q4 24
$-2.0M
$4.6M
Q3 24
$-5.7M
$4.6M
Q2 24
$-5.6M
$4.2M
Q1 24
$12.8M
$3.6M
Operating Margin
FENC
FENC
VABK
VABK
Q4 25
-18.5%
50.5%
Q3 25
-1.5%
39.4%
Q2 25
-28.3%
38.4%
Q1 25
-9.2%
38.4%
Q4 24
-11.8%
40.3%
Q3 24
-74.6%
41.9%
Q2 24
-69.4%
39.5%
Q1 24
54.2%
32.9%
Net Margin
FENC
FENC
VABK
VABK
Q4 25
-34.7%
39.7%
Q3 25
-5.1%
31.7%
Q2 25
-32.7%
30.0%
Q1 25
-13.3%
31.9%
Q4 24
-25.0%
31.4%
Q3 24
-82.2%
34.1%
Q2 24
-76.5%
32.3%
Q1 24
50.6%
27.8%
EPS (diluted)
FENC
FENC
VABK
VABK
Q4 25
$-0.17
$1.10
Q3 25
$-0.02
$0.84
Q2 25
$-0.11
$0.78
Q1 25
$-0.04
$0.83
Q4 24
$-0.02
$0.85
Q3 24
$-0.21
$0.85
Q2 24
$-0.20
$0.77
Q1 24
$0.41
$0.68

Balance Sheet & Financial Strength

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

Metric
FENC
FENC
VABK
VABK
Cash + ST InvestmentsLiquidity on hand
$36.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$35.5M
$184.2M
Total Assets
$70.6M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FENC
FENC
VABK
VABK
Q4 25
$36.8M
Q3 25
$21.9M
Q2 25
$18.7M
Q1 25
$22.7M
Q4 24
$26.6M
Q3 24
$40.3M
Q2 24
$43.1M
Q1 24
$51.2M
Total Debt
FENC
FENC
VABK
VABK
Q4 25
Q3 25
$19.4M
Q2 25
$19.4M
Q1 25
$19.4M
Q4 24
$19.3M
Q3 24
$32.1M
Q2 24
$31.8M
Q1 24
$31.3M
Stockholders' Equity
FENC
FENC
VABK
VABK
Q4 25
$35.5M
$184.2M
Q3 25
$-4.5M
$177.4M
Q2 25
$-7.5M
$170.8M
Q1 25
$-5.9M
$166.8M
Q4 24
$-5.9M
$160.3M
Q3 24
$-5.2M
$165.9M
Q2 24
$-1.4M
$154.2M
Q1 24
$3.0M
$152.6M
Total Assets
FENC
FENC
VABK
VABK
Q4 25
$70.6M
$1.6B
Q3 25
$49.3M
$1.6B
Q2 25
$44.9M
$1.6B
Q1 25
$46.4M
$1.6B
Q4 24
$44.9M
$1.6B
Q3 24
$58.9M
$1.6B
Q2 24
$63.2M
$1.6B
Q1 24
$69.2M
$1.6B
Debt / Equity
FENC
FENC
VABK
VABK
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
10.40×

Cash Flow & Capital Efficiency

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

Metric
FENC
FENC
VABK
VABK
Operating Cash FlowLast quarter
$-6.0M
$21.3M
Free Cash FlowOCF − Capex
$20.8M
FCF MarginFCF / Revenue
138.2%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
3.58×
TTM Free Cash FlowTrailing 4 quarters
$35.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FENC
FENC
VABK
VABK
Q4 25
$-6.0M
$21.3M
Q3 25
$1.5M
$6.0M
Q2 25
$-3.7M
$6.7M
Q1 25
$-4.3M
$2.1M
Q4 24
$-1.5M
$15.3M
Q3 24
$-2.2M
$15.2M
Q2 24
$-8.4M
$-6.4M
Q1 24
$39.0M
$3.2M
Free Cash Flow
FENC
FENC
VABK
VABK
Q4 25
$20.8M
Q3 25
$5.9M
Q2 25
$6.7M
Q1 25
$1.8M
Q4 24
$14.6M
Q3 24
$15.1M
Q2 24
$-6.8M
Q1 24
$3.1M
FCF Margin
FENC
FENC
VABK
VABK
Q4 25
138.2%
Q3 25
41.0%
Q2 25
47.6%
Q1 25
13.0%
Q4 24
100.4%
Q3 24
111.7%
Q2 24
-53.0%
Q1 24
23.9%
Capex Intensity
FENC
FENC
VABK
VABK
Q4 25
3.9%
Q3 25
0.5%
Q2 25
0.2%
Q1 25
1.8%
Q4 24
5.1%
Q3 24
0.9%
Q2 24
3.1%
Q1 24
0.2%
Cash Conversion
FENC
FENC
VABK
VABK
Q4 25
3.58×
Q3 25
1.31×
Q2 25
1.59×
Q1 25
0.47×
Q4 24
3.35×
Q3 24
3.30×
Q2 24
-1.54×
Q1 24
3.04×
0.87×

Financial Flow Comparison

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

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