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Side-by-side financial comparison of FULL HOUSE RESORTS INC (FLL) and National Bank Holdings Corp (NBHC). Click either name above to swap in a different company.

National Bank Holdings Corp is the larger business by last-quarter revenue ($126.8M vs $75.4M, roughly 1.7× FULL HOUSE RESORTS INC). National Bank Holdings Corp runs the higher net margin — 16.4% vs -16.4%, a 32.8% gap on every dollar of revenue. Over the past eight quarters, National Bank Holdings Corp's revenue compounded faster (14.0% CAGR vs 3.9%).

Full House Resorts, Inc. is an American casino developer and operator based in Summerlin South, Nevada. The company currently operates five casinos. It is known for the involvement of Gulfstream Aerospace founder Allen Paulson, who was CEO from 1994 to 2000, and former Chrysler chairman Lee Iacocca, who was a major investor in the company from 1995 to 2013. Dan Lee has been CEO since late 2014.

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

FLL vs NBHC — Head-to-Head

Bigger by revenue
NBHC
NBHC
1.7× larger
NBHC
$126.8M
$75.4M
FLL
Higher net margin
NBHC
NBHC
32.8% more per $
NBHC
16.4%
-16.4%
FLL
Faster 2-yr revenue CAGR
NBHC
NBHC
Annualised
NBHC
14.0%
3.9%
FLL

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FLL
FLL
NBHC
NBHC
Revenue
$75.4M
$126.8M
Net Profit
$-12.4M
$20.8M
Gross Margin
93.1%
Operating Margin
-1.3%
Net Margin
-16.4%
16.4%
Revenue YoY
3.4%
Net Profit YoY
-0.6%
-14.2%
EPS (diluted)
$-0.35
$0.46

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
FLL
FLL
NBHC
NBHC
Q1 26
$126.8M
Q4 25
$75.4M
$100.6M
Q3 25
$78.0M
$108.9M
Q2 25
$73.9M
$104.5M
Q1 25
$75.1M
$102.1M
Q4 24
$73.0M
$101.3M
Q3 24
$75.7M
$106.0M
Q2 24
$73.5M
$97.6M
Net Profit
FLL
FLL
NBHC
NBHC
Q1 26
$20.8M
Q4 25
$-12.4M
$16.0M
Q3 25
$-7.7M
$35.3M
Q2 25
$-10.4M
$34.0M
Q1 25
$-9.8M
$24.2M
Q4 24
$-12.3M
$28.2M
Q3 24
$-8.5M
$33.1M
Q2 24
$-8.6M
$26.1M
Gross Margin
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
93.1%
Q3 25
93.2%
Q2 25
93.5%
Q1 25
93.4%
Q4 24
92.1%
Q3 24
92.2%
Q2 24
92.4%
Operating Margin
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
-1.3%
19.0%
Q3 25
4.4%
39.6%
Q2 25
-0.1%
39.8%
Q1 25
1.0%
29.2%
Q4 24
-1.9%
34.3%
Q3 24
3.2%
37.6%
Q2 24
3.2%
32.5%
Net Margin
FLL
FLL
NBHC
NBHC
Q1 26
16.4%
Q4 25
-16.4%
15.9%
Q3 25
-9.8%
32.4%
Q2 25
-14.0%
32.6%
Q1 25
-13.0%
23.7%
Q4 24
-16.9%
27.8%
Q3 24
-11.2%
31.2%
Q2 24
-11.7%
26.8%
EPS (diluted)
FLL
FLL
NBHC
NBHC
Q1 26
$0.46
Q4 25
$-0.35
$0.42
Q3 25
$-0.21
$0.92
Q2 25
$-0.29
$0.88
Q1 25
$-0.27
$0.63
Q4 24
$-0.34
$0.72
Q3 24
$-0.24
$0.86
Q2 24
$-0.25
$0.68

Balance Sheet & Financial Strength

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

Metric
FLL
FLL
NBHC
NBHC
Cash + ST InvestmentsLiquidity on hand
$40.7M
$472.8M
Total DebtLower is stronger
$473.6M
$202.1M
Stockholders' EquityBook value
$2.5M
$1.7B
Total Assets
$649.8M
$12.6B
Debt / EquityLower = less leverage
186.62×
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLL
FLL
NBHC
NBHC
Q1 26
$472.8M
Q4 25
$40.7M
$417.1M
Q3 25
$30.9M
$555.6M
Q2 25
$32.1M
$296.5M
Q1 25
$30.7M
$246.3M
Q4 24
$40.2M
$127.8M
Q3 24
$25.9M
$180.8M
Q2 24
$31.1M
$145.0M
Total Debt
FLL
FLL
NBHC
NBHC
Q1 26
$202.1M
Q4 25
$473.6M
$54.5M
Q3 25
$473.1M
$54.7M
Q2 25
$467.5M
$54.4M
Q1 25
$471.7M
$54.6M
Q4 24
$468.1M
$54.5M
Q3 24
$467.4M
$54.4M
Q2 24
$466.6M
$54.4M
Stockholders' Equity
FLL
FLL
NBHC
NBHC
Q1 26
$1.7B
Q4 25
$2.5M
$1.4B
Q3 25
$14.2M
$1.4B
Q2 25
$21.2M
$1.4B
Q1 25
$31.0M
$1.3B
Q4 24
$40.5M
$1.3B
Q3 24
$51.8M
$1.3B
Q2 24
$59.5M
$1.2B
Total Assets
FLL
FLL
NBHC
NBHC
Q1 26
$12.6B
Q4 25
$649.8M
$9.9B
Q3 25
$644.4M
$10.2B
Q2 25
$651.5M
$10.0B
Q1 25
$657.2M
$10.1B
Q4 24
$673.3M
$9.8B
Q3 24
$668.7M
$10.0B
Q2 24
$673.9M
$10.0B
Debt / Equity
FLL
FLL
NBHC
NBHC
Q1 26
0.12×
Q4 25
186.62×
0.04×
Q3 25
33.30×
0.04×
Q2 25
22.04×
0.04×
Q1 25
15.22×
0.04×
Q4 24
11.56×
0.04×
Q3 24
9.02×
0.04×
Q2 24
7.85×
0.04×

Cash Flow & Capital Efficiency

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

Metric
FLL
FLL
NBHC
NBHC
Operating Cash FlowLast quarter
$12.0M
Free Cash FlowOCF − Capex
$10.7M
FCF MarginFCF / Revenue
14.1%
Capex IntensityCapex / Revenue
1.8%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-2.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
$12.0M
$162.4M
Q3 25
$-472.0K
$52.4M
Q2 25
$7.9M
$32.3M
Q1 25
$-9.5M
$39.6M
Q4 24
$14.8M
$155.3M
Q3 24
$-6.7M
$47.0M
Q2 24
$10.1M
$31.9M
Free Cash Flow
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
$10.7M
Q3 25
$-5.5M
Q2 25
$4.5M
Q1 25
$-12.3M
Q4 24
$6.9M
Q3 24
$-17.4M
Q2 24
$-1.2M
FCF Margin
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
14.1%
Q3 25
-7.1%
Q2 25
6.1%
Q1 25
-16.4%
Q4 24
9.4%
Q3 24
-23.0%
Q2 24
-1.6%
Capex Intensity
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
1.8%
Q3 25
6.5%
Q2 25
4.5%
Q1 25
3.8%
Q4 24
10.9%
Q3 24
14.1%
Q2 24
15.4%
Cash Conversion
FLL
FLL
NBHC
NBHC
Q1 26
Q4 25
10.13×
Q3 25
1.48×
Q2 25
0.95×
Q1 25
1.64×
Q4 24
5.51×
Q3 24
1.42×
Q2 24
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FLL
FLL

Midwest And South$58.2M77%
Food And Beverage$9.7M13%
Other Operations$3.6M5%
Other$2.3M3%
Contracted Sports Wagering$1.7M2%

NBHC
NBHC

Net Interest Income$108.8M86%
Noninterest Income$18.0M14%

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