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Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) and IOVANCE BIOTHERAPEUTICS, INC. (IOVA). Click either name above to swap in a different company.

IOVANCE BIOTHERAPEUTICS, INC. is the larger business by last-quarter revenue ($86.8M vs $71.5M, roughly 1.2× FARMERS NATIONAL BANC CORP). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% CAGR vs 6.2%).

Farmers National Banc Corp (OH) is a regional financial holding company based in Ohio, the United States. It offers full-spectrum retail and commercial banking products, wealth management solutions, and insurance services, primarily catering to individual consumers, small and medium-sized enterprises, and local community clients in Ohio and adjacent Midwestern U.S. regions.

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

FMNB vs IOVA — Head-to-Head

Bigger by revenue
IOVA
IOVA
1.2× larger
IOVA
$86.8M
$71.5M
FMNB
Growing faster (revenue YoY)
IOVA
IOVA
+14.6% gap
IOVA
17.7%
3.2%
FMNB
More free cash flow
FMNB
FMNB
$114.1M more FCF
FMNB
$52.2M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
6.2%
FMNB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMNB
FMNB
IOVA
IOVA
Revenue
$71.5M
$86.8M
Net Profit
$14.6M
Gross Margin
67.4%
Operating Margin
24.8%
-84.7%
Net Margin
20.5%
Revenue YoY
3.2%
17.7%
Net Profit YoY
1.7%
EPS (diluted)
$0.39

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
FMNB
FMNB
IOVA
IOVA
Q4 25
$71.5M
$86.8M
Q3 25
$70.8M
$67.5M
Q2 25
$69.8M
$60.0M
Q1 25
$67.8M
$49.3M
Q4 24
$69.3M
$73.7M
Q3 24
$70.3M
$58.6M
Q2 24
$66.5M
$31.1M
Q1 24
$63.4M
$715.0K
Net Profit
FMNB
FMNB
IOVA
IOVA
Q4 25
$14.6M
Q3 25
$12.5M
$-91.3M
Q2 25
$13.9M
$-111.7M
Q1 25
$13.6M
$-116.2M
Q4 24
$14.4M
Q3 24
$8.5M
$-83.5M
Q2 24
$11.8M
$-97.1M
Q1 24
$11.2M
$-113.0M
Gross Margin
FMNB
FMNB
IOVA
IOVA
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
FMNB
FMNB
IOVA
IOVA
Q4 25
24.8%
-84.7%
Q3 25
20.7%
-140.7%
Q2 25
23.4%
-189.8%
Q1 25
24.1%
-245.8%
Q4 24
25.5%
-117.5%
Q3 24
14.4%
-152.1%
Q2 24
21.3%
-327.6%
Q1 24
21.2%
-16464.6%
Net Margin
FMNB
FMNB
IOVA
IOVA
Q4 25
20.5%
Q3 25
17.6%
-135.3%
Q2 25
19.9%
-186.2%
Q1 25
20.0%
-235.5%
Q4 24
20.8%
Q3 24
12.1%
-142.7%
Q2 24
17.7%
-312.2%
Q1 24
17.7%
-15800.8%
EPS (diluted)
FMNB
FMNB
IOVA
IOVA
Q4 25
$0.39
Q3 25
$0.33
Q2 25
$0.37
$-0.33
Q1 25
$0.36
$-0.36
Q4 24
$0.38
$-0.24
Q3 24
$0.23
$-0.28
Q2 24
$0.31
$-0.34
Q1 24
$0.30
$-0.42

Balance Sheet & Financial Strength

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

Metric
FMNB
FMNB
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$297.0M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$485.7M
$698.6M
Total Assets
$5.2B
$913.2M
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMNB
FMNB
IOVA
IOVA
Q4 25
$297.0M
Q3 25
$300.8M
Q2 25
$301.2M
Q1 25
$359.7M
Q4 24
$323.8M
Q3 24
$397.5M
Q2 24
$412.5M
Q1 24
$356.2M
Total Debt
FMNB
FMNB
IOVA
IOVA
Q4 25
$86.7M
Q3 25
$86.6M
Q2 25
$86.4M
Q1 25
$86.3M
Q4 24
$86.2M
Q3 24
$86.0M
Q2 24
$88.9M
Q1 24
$88.8M
Stockholders' Equity
FMNB
FMNB
IOVA
IOVA
Q4 25
$485.7M
$698.6M
Q3 25
$465.9M
$702.3M
Q2 25
$437.7M
$698.5M
Q1 25
$429.1M
$767.9M
Q4 24
$406.0M
$710.4M
Q3 24
$439.7M
$773.5M
Q2 24
$396.7M
$768.5M
Q1 24
$397.0M
$680.0M
Total Assets
FMNB
FMNB
IOVA
IOVA
Q4 25
$5.2B
$913.2M
Q3 25
$5.2B
$904.9M
Q2 25
$5.2B
$907.4M
Q1 25
$5.2B
$966.7M
Q4 24
$5.1B
$910.4M
Q3 24
$5.2B
$991.1M
Q2 24
$5.2B
$964.3M
Q1 24
$5.1B
$869.8M
Debt / Equity
FMNB
FMNB
IOVA
IOVA
Q4 25
0.18×
Q3 25
0.19×
Q2 25
0.20×
Q1 25
0.20×
Q4 24
0.21×
Q3 24
0.20×
Q2 24
0.22×
Q1 24
0.22×

Cash Flow & Capital Efficiency

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

Metric
FMNB
FMNB
IOVA
IOVA
Operating Cash FlowLast quarter
$60.0M
$-52.6M
Free Cash FlowOCF − Capex
$52.2M
$-61.9M
FCF MarginFCF / Revenue
73.0%
-71.3%
Capex IntensityCapex / Revenue
11.0%
10.7%
Cash ConversionOCF / Net Profit
4.10×
TTM Free Cash FlowTrailing 4 quarters
$85.8M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMNB
FMNB
IOVA
IOVA
Q4 25
$60.0M
$-52.6M
Q3 25
$10.7M
$-78.7M
Q2 25
$14.0M
$-67.4M
Q1 25
$15.7M
$-103.7M
Q4 24
$66.6M
$-73.3M
Q3 24
$23.9M
$-59.0M
Q2 24
$16.6M
$-98.4M
Q1 24
$13.7M
$-122.3M
Free Cash Flow
FMNB
FMNB
IOVA
IOVA
Q4 25
$52.2M
$-61.9M
Q3 25
$9.0M
$-89.5M
Q2 25
$12.4M
$-74.9M
Q1 25
$12.2M
$-109.9M
Q4 24
$54.9M
$-77.5M
Q3 24
$20.4M
$-61.3M
Q2 24
$14.4M
$-98.9M
Q1 24
$12.2M
$-126.5M
FCF Margin
FMNB
FMNB
IOVA
IOVA
Q4 25
73.0%
-71.3%
Q3 25
12.8%
-132.7%
Q2 25
17.8%
-124.9%
Q1 25
18.0%
-222.8%
Q4 24
79.2%
-105.1%
Q3 24
29.1%
-104.6%
Q2 24
21.6%
-317.9%
Q1 24
19.2%
-17685.3%
Capex Intensity
FMNB
FMNB
IOVA
IOVA
Q4 25
11.0%
10.7%
Q3 25
2.4%
16.1%
Q2 25
2.3%
12.4%
Q1 25
5.2%
12.6%
Q4 24
16.9%
5.7%
Q3 24
4.9%
3.9%
Q2 24
3.3%
1.4%
Q1 24
2.4%
583.4%
Cash Conversion
FMNB
FMNB
IOVA
IOVA
Q4 25
4.10×
Q3 25
0.86×
Q2 25
1.01×
Q1 25
1.15×
Q4 24
4.63×
Q3 24
2.80×
Q2 24
1.41×
Q1 24
1.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMNB
FMNB

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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