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Side-by-side financial comparison of FutureFuel Corp. (FF) and Waterstone Financial, Inc. (WSBF). Click either name above to swap in a different company.
Waterstone Financial, Inc. is the larger business by last-quarter revenue ($37.2M vs $19.8M, roughly 1.9× FutureFuel Corp.). On growth, Waterstone Financial, Inc. posted the faster year-over-year revenue change (16.7% vs -67.7%). Waterstone Financial, Inc. produced more free cash flow last quarter ($23.0M vs $-29.9M). Over the past eight quarters, Waterstone Financial, Inc.'s revenue compounded faster (7.1% 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.
Waterstone Financial, Inc. is a U.S. bank holding company headquartered in Wisconsin. It offers retail and commercial banking services, residential mortgages, and wealth management solutions, primarily serving consumers and small to medium-sized businesses across the U.S. Midwest region.
FF vs WSBF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $19.8M | $37.2M |
| Net Profit | $-12.0M | — |
| Gross Margin | -46.7% | — |
| Operating Margin | -62.9% | 27.0% |
| Net Margin | -60.5% | — |
| Revenue YoY | -67.7% | 16.7% |
| Net Profit YoY | -529.4% | — |
| EPS (diluted) | $-0.28 | $0.43 |
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.
| Q4 25 | $19.8M | $37.2M | ||
| Q3 25 | $22.7M | $37.0M | ||
| Q2 25 | $35.7M | $38.0M | ||
| Q1 25 | $17.5M | $29.7M | ||
| Q4 24 | $61.5M | $31.8M | ||
| Q3 24 | $51.1M | $34.1M | ||
| Q2 24 | $72.4M | $37.2M | ||
| Q1 24 | $58.3M | $32.4M |
| Q4 25 | $-12.0M | — | ||
| Q3 25 | $-9.3M | $7.9M | ||
| Q2 25 | $-10.4M | $7.7M | ||
| Q1 25 | $-17.6M | $3.0M | ||
| Q4 24 | $2.8M | — | ||
| Q3 24 | $-1.2M | $4.7M | ||
| Q2 24 | $9.6M | $5.7M | ||
| Q1 24 | $4.3M | $3.0M |
| 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% | — |
| Q4 25 | -62.9% | 27.0% | ||
| Q3 25 | -42.9% | 26.6% | ||
| Q2 25 | -33.4% | 25.4% | ||
| Q1 25 | -107.4% | 13.1% | ||
| Q4 24 | 2.6% | 19.5% | ||
| Q3 24 | -5.6% | 17.3% | ||
| Q2 24 | 7.5% | 19.2% | ||
| Q1 24 | 3.8% | 14.7% |
| Q4 25 | -60.5% | — | ||
| Q3 25 | -41.1% | 21.4% | ||
| Q2 25 | -29.2% | 20.3% | ||
| Q1 25 | -100.6% | 10.2% | ||
| Q4 24 | 4.5% | — | ||
| Q3 24 | -2.3% | 13.9% | ||
| Q2 24 | 13.2% | 15.4% | ||
| Q1 24 | 7.4% | 9.4% |
| Q4 25 | $-0.28 | $0.43 | ||
| Q3 25 | $-0.21 | $0.45 | ||
| Q2 25 | $-0.24 | $0.43 | ||
| Q1 25 | $-0.40 | $0.17 | ||
| Q4 24 | $0.06 | $0.28 | ||
| Q3 24 | $-0.03 | $0.26 | ||
| Q2 24 | $0.22 | $0.31 | ||
| Q1 24 | $0.10 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $51.3M | — |
| Total DebtLower is stronger | — | $412.3M |
| Stockholders' EquityBook value | $154.7M | $349.4M |
| Total Assets | $192.2M | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $51.3M | — | ||
| Q3 25 | $85.6M | — | ||
| Q2 25 | $95.2M | — | ||
| Q1 25 | $97.1M | — | ||
| Q4 24 | $109.5M | — | ||
| Q3 24 | $133.4M | — | ||
| Q2 24 | $115.1M | — | ||
| Q1 24 | $201.1M | — |
| Q4 25 | — | $412.3M | ||
| Q3 25 | — | $469.1M | ||
| Q2 25 | — | $465.7M | ||
| Q1 25 | — | $395.9M | ||
| Q4 24 | — | $446.5M | ||
| Q3 24 | — | $560.1M | ||
| Q2 24 | — | $660.8M | ||
| Q1 24 | — | $634.2M |
| Q4 25 | $154.7M | $349.4M | ||
| Q3 25 | $169.1M | $345.5M | ||
| Q2 25 | $178.2M | $341.5M | ||
| Q1 25 | $188.4M | $341.4M | ||
| Q4 24 | $205.8M | $339.1M | ||
| Q3 24 | $213.3M | $342.0M | ||
| Q2 24 | $214.4M | $334.9M | ||
| Q1 24 | $204.8M | $338.0M |
| Q4 25 | $192.2M | $2.3B | ||
| Q3 25 | $203.5M | $2.3B | ||
| Q2 25 | $218.2M | $2.3B | ||
| Q1 25 | $227.7M | $2.2B | ||
| Q4 24 | $247.7M | $2.2B | ||
| Q3 24 | $256.5M | $2.2B | ||
| Q2 24 | $261.2M | $2.3B | ||
| Q1 24 | $365.4M | $2.2B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.36× | ||
| Q2 25 | — | 1.36× | ||
| Q1 25 | — | 1.16× | ||
| Q4 24 | — | 1.32× | ||
| Q3 24 | — | 1.64× | ||
| Q2 24 | — | 1.97× | ||
| Q1 24 | — | 1.88× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-27.4M | $24.2M |
| Free Cash FlowOCF − Capex | $-29.9M | $23.0M |
| FCF MarginFCF / Revenue | -150.5% | 61.9% |
| Capex IntensityCapex / Revenue | 12.2% | 3.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-46.0M | $43.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.4M | $24.2M | ||
| Q3 25 | $-1.1M | $32.7M | ||
| Q2 25 | $5.2M | $-38.4M | ||
| Q1 25 | $-5.4M | $26.7M | ||
| Q4 24 | $-16.6M | $48.1M | ||
| Q3 24 | $25.8M | $74.1M | ||
| Q2 24 | $27.8M | $-39.5M | ||
| Q1 24 | $-12.2M | $-9.9M |
| Q4 25 | $-29.9M | $23.0M | ||
| Q3 25 | $-6.5M | $32.4M | ||
| Q2 25 | $-263.0K | $-38.5M | ||
| Q1 25 | $-9.4M | $26.5M | ||
| Q4 24 | $-20.7M | $47.0M | ||
| Q3 24 | $20.5M | $73.9M | ||
| Q2 24 | $24.8M | $-39.7M | ||
| Q1 24 | $-14.5M | $-10.3M |
| Q4 25 | -150.5% | 61.9% | ||
| Q3 25 | -28.5% | 87.5% | ||
| Q2 25 | -0.7% | -101.2% | ||
| Q1 25 | -53.6% | 89.2% | ||
| Q4 24 | -33.6% | 147.5% | ||
| Q3 24 | 40.1% | 216.9% | ||
| Q2 24 | 34.3% | -106.7% | ||
| Q1 24 | -24.9% | -31.9% |
| Q4 25 | 12.2% | 3.1% | ||
| Q3 25 | 23.5% | 0.8% | ||
| Q2 25 | 15.3% | 0.2% | ||
| Q1 25 | 22.8% | 0.9% | ||
| Q4 24 | 6.6% | 3.5% | ||
| Q3 24 | 10.4% | 0.6% | ||
| Q2 24 | 4.1% | 0.4% | ||
| Q1 24 | 3.9% | 1.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | 4.13× | ||
| Q2 25 | — | -4.98× | ||
| Q1 25 | — | 8.81× | ||
| Q4 24 | -5.94× | — | ||
| Q3 24 | — | 15.67× | ||
| Q2 24 | 2.90× | -6.92× | ||
| Q1 24 | -2.82× | -3.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FF
| Chemicals | $18.0M | 91% |
| Biofuels | $1.8M | 9% |
WSBF
Segment breakdown not available.
