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Side-by-side financial comparison of FutureFuel Corp. (FF) and FIRST NATIONAL CORP (FXNC). Click either name above to swap in a different company.

FIRST NATIONAL CORP is the larger business by last-quarter revenue ($24.0M vs $19.8M, roughly 1.2× FutureFuel Corp.). FIRST NATIONAL CORP runs the higher net margin — 23.0% vs -60.5%, a 83.5% gap on every dollar of revenue. On growth, FIRST NATIONAL CORP posted the faster year-over-year revenue change (-3.4% vs -67.7%). FIRST NATIONAL CORP produced more free cash flow last quarter ($20.9M vs $-29.9M). Over the past eight quarters, FIRST NATIONAL CORP's revenue compounded faster (26.8% CAGR vs -41.7%).

FutureFuel Corporation is a developer and producer of chemicals and biofuels. It is listed on the New York Stock Exchange, with symbol FF.

VA Tech Wabag Ltd. is an Indian multinational company focussed on desalination and water treatment for municipal and industrial users. Founded in Breslau in 1924, the company is headquartered in Chennai.

FF vs FXNC — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.2× larger
FXNC
$24.0M
$19.8M
FF
Growing faster (revenue YoY)
FXNC
FXNC
+64.4% gap
FXNC
-3.4%
-67.7%
FF
Higher net margin
FXNC
FXNC
83.5% more per $
FXNC
23.0%
-60.5%
FF
More free cash flow
FXNC
FXNC
$50.8M more FCF
FXNC
$20.9M
$-29.9M
FF
Faster 2-yr revenue CAGR
FXNC
FXNC
Annualised
FXNC
26.8%
-41.7%
FF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FF
FF
FXNC
FXNC
Revenue
$19.8M
$24.0M
Net Profit
$-12.0M
$5.5M
Gross Margin
-46.7%
Operating Margin
-62.9%
28.8%
Net Margin
-60.5%
23.0%
Revenue YoY
-67.7%
-3.4%
Net Profit YoY
-529.4%
689.9%
EPS (diluted)
$-0.28
$0.60

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
FF
FF
FXNC
FXNC
Q4 25
$19.8M
$24.0M
Q3 25
$22.7M
$22.8M
Q2 25
$35.7M
$22.4M
Q1 25
$17.5M
$21.1M
Q4 24
$61.5M
$24.8M
Q3 24
$51.1M
$15.0M
Q2 24
$72.4M
$14.2M
Q1 24
$58.3M
$14.9M
Net Profit
FF
FF
FXNC
FXNC
Q4 25
$-12.0M
$5.5M
Q3 25
$-9.3M
$5.5M
Q2 25
$-10.4M
$5.1M
Q1 25
$-17.6M
$1.6M
Q4 24
$2.8M
$-933.0K
Q3 24
$-1.2M
$2.2M
Q2 24
$9.6M
$2.4M
Q1 24
$4.3M
$3.2M
Gross Margin
FF
FF
FXNC
FXNC
Q4 25
-46.7%
Q3 25
-30.1%
Q2 25
-24.6%
Q1 25
-83.0%
Q4 24
9.1%
Q3 24
0.7%
Q2 24
12.0%
Q1 24
8.6%
Operating Margin
FF
FF
FXNC
FXNC
Q4 25
-62.9%
28.8%
Q3 25
-42.9%
29.9%
Q2 25
-33.4%
28.2%
Q1 25
-107.4%
9.0%
Q4 24
2.6%
-29.0%
Q3 24
-5.6%
18.7%
Q2 24
7.5%
22.0%
Q1 24
3.8%
26.9%
Net Margin
FF
FF
FXNC
FXNC
Q4 25
-60.5%
23.0%
Q3 25
-41.1%
24.3%
Q2 25
-29.2%
22.5%
Q1 25
-100.6%
7.6%
Q4 24
4.5%
-14.4%
Q3 24
-2.3%
15.0%
Q2 24
13.2%
17.2%
Q1 24
7.4%
21.5%
EPS (diluted)
FF
FF
FXNC
FXNC
Q4 25
$-0.28
$0.60
Q3 25
$-0.21
$0.62
Q2 25
$-0.24
$0.56
Q1 25
$-0.40
$0.18
Q4 24
$0.06
$-0.26
Q3 24
$-0.03
$0.36
Q2 24
$0.22
$0.39
Q1 24
$0.10
$0.51

Balance Sheet & Financial Strength

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

Metric
FF
FF
FXNC
FXNC
Cash + ST InvestmentsLiquidity on hand
$51.3M
$160.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$154.7M
$186.2M
Total Assets
$192.2M
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FF
FF
FXNC
FXNC
Q4 25
$51.3M
$160.9M
Q3 25
$85.6M
$189.3M
Q2 25
$95.2M
$194.3M
Q1 25
$97.1M
$206.0M
Q4 24
$109.5M
$162.9M
Q3 24
$133.4M
$126.5M
Q2 24
$115.1M
$135.6M
Q1 24
$201.1M
Stockholders' Equity
FF
FF
FXNC
FXNC
Q4 25
$154.7M
$186.2M
Q3 25
$169.1M
$181.2M
Q2 25
$178.2M
$173.5M
Q1 25
$188.4M
$168.7M
Q4 24
$205.8M
$166.5M
Q3 24
$213.3M
$125.1M
Q2 24
$214.4M
$119.9M
Q1 24
$204.8M
$117.8M
Total Assets
FF
FF
FXNC
FXNC
Q4 25
$192.2M
$2.0B
Q3 25
$203.5M
$2.0B
Q2 25
$218.2M
$2.0B
Q1 25
$227.7M
$2.0B
Q4 24
$247.7M
$2.0B
Q3 24
$256.5M
$1.5B
Q2 24
$261.2M
$1.5B
Q1 24
$365.4M
$1.4B

Cash Flow & Capital Efficiency

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

Metric
FF
FF
FXNC
FXNC
Operating Cash FlowLast quarter
$-27.4M
$25.1M
Free Cash FlowOCF − Capex
$-29.9M
$20.9M
FCF MarginFCF / Revenue
-150.5%
87.3%
Capex IntensityCapex / Revenue
12.2%
17.4%
Cash ConversionOCF / Net Profit
4.56×
TTM Free Cash FlowTrailing 4 quarters
$-46.0M
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FF
FF
FXNC
FXNC
Q4 25
$-27.4M
$25.1M
Q3 25
$-1.1M
$8.4M
Q2 25
$5.2M
$4.7M
Q1 25
$-5.4M
$3.5M
Q4 24
$-16.6M
$-22.2M
Q3 24
$25.8M
$6.1M
Q2 24
$27.8M
$3.6M
Q1 24
$-12.2M
$4.7M
Free Cash Flow
FF
FF
FXNC
FXNC
Q4 25
$-29.9M
$20.9M
Q3 25
$-6.5M
$6.8M
Q2 25
$-263.0K
$4.1M
Q1 25
$-9.4M
$3.0M
Q4 24
$-20.7M
$-25.5M
Q3 24
$20.5M
$4.9M
Q2 24
$24.8M
$3.0M
Q1 24
$-14.5M
$4.4M
FCF Margin
FF
FF
FXNC
FXNC
Q4 25
-150.5%
87.3%
Q3 25
-28.5%
30.0%
Q2 25
-0.7%
18.3%
Q1 25
-53.6%
14.5%
Q4 24
-33.6%
-102.8%
Q3 24
40.1%
33.0%
Q2 24
34.3%
21.0%
Q1 24
-24.9%
29.5%
Capex Intensity
FF
FF
FXNC
FXNC
Q4 25
12.2%
17.4%
Q3 25
23.5%
7.0%
Q2 25
15.3%
2.6%
Q1 25
22.8%
2.3%
Q4 24
6.6%
13.3%
Q3 24
10.4%
8.1%
Q2 24
4.1%
4.6%
Q1 24
3.9%
2.0%
Cash Conversion
FF
FF
FXNC
FXNC
Q4 25
4.56×
Q3 25
1.52×
Q2 25
0.93×
Q1 25
2.21×
Q4 24
-5.94×
Q3 24
2.73×
Q2 24
2.90×
1.49×
Q1 24
-2.82×
1.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FF
FF

Chemicals$18.0M91%
Biofuels$1.8M9%

FXNC
FXNC

Segment breakdown not available.

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