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Side-by-side financial comparison of FARMERS NATIONAL BANC CORP (FMNB) and Zai Lab Ltd (ZLAB). Click either name above to swap in a different company.

Zai Lab Ltd is the larger business by last-quarter revenue ($127.1M vs $71.5M, roughly 1.8× FARMERS NATIONAL BANC CORP). On growth, Zai Lab Ltd posted the faster year-over-year revenue change (17.1% vs 3.2%). FARMERS NATIONAL BANC CORP produced more free cash flow last quarter ($52.2M vs $-26.7M). Over the past eight quarters, Zai Lab Ltd's revenue compounded faster (20.8% 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.

Zai Lab Ltd is a global biopharmaceutical company focused on developing, manufacturing and commercializing innovative therapies for oncology, autoimmune disorders, infectious diseases and other unmet medical needs. It operates primarily in the Greater China region and partners with leading global biotech firms to expand access to life-saving treatments for underserved patient populations.

FMNB vs ZLAB — Head-to-Head

Bigger by revenue
ZLAB
ZLAB
1.8× larger
ZLAB
$127.1M
$71.5M
FMNB
Growing faster (revenue YoY)
ZLAB
ZLAB
+14.0% gap
ZLAB
17.1%
3.2%
FMNB
More free cash flow
FMNB
FMNB
$78.9M more FCF
FMNB
$52.2M
$-26.7M
ZLAB
Faster 2-yr revenue CAGR
ZLAB
ZLAB
Annualised
ZLAB
20.8%
6.2%
FMNB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMNB
FMNB
ZLAB
ZLAB
Revenue
$71.5M
$127.1M
Net Profit
$14.6M
Gross Margin
51.0%
Operating Margin
24.8%
-54.6%
Net Margin
20.5%
Revenue YoY
3.2%
17.1%
Net Profit YoY
1.7%
EPS (diluted)
$0.39
$-0.05

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
ZLAB
ZLAB
Q4 25
$71.5M
$127.1M
Q3 25
$70.8M
$115.4M
Q2 25
$69.8M
$109.1M
Q1 25
$67.8M
$105.7M
Q4 24
$69.3M
$108.5M
Q3 24
$70.3M
$101.8M
Q2 24
$66.5M
$100.1M
Q1 24
$63.4M
$87.1M
Net Profit
FMNB
FMNB
ZLAB
ZLAB
Q4 25
$14.6M
Q3 25
$12.5M
$-36.0M
Q2 25
$13.9M
$-40.7M
Q1 25
$13.6M
$-48.4M
Q4 24
$14.4M
Q3 24
$8.5M
$-41.7M
Q2 24
$11.8M
$-80.3M
Q1 24
$11.2M
$-53.5M
Gross Margin
FMNB
FMNB
ZLAB
ZLAB
Q4 25
51.0%
Q3 25
59.5%
Q2 25
60.6%
Q1 25
63.6%
Q4 24
61.5%
Q3 24
64.1%
Q2 24
64.9%
Q1 24
61.4%
Operating Margin
FMNB
FMNB
ZLAB
ZLAB
Q4 25
24.8%
-54.6%
Q3 25
20.7%
-42.3%
Q2 25
23.4%
-50.3%
Q1 25
24.1%
-53.3%
Q4 24
25.5%
-62.6%
Q3 24
14.4%
-66.6%
Q2 24
21.3%
-76.0%
Q1 24
21.2%
-80.7%
Net Margin
FMNB
FMNB
ZLAB
ZLAB
Q4 25
20.5%
Q3 25
17.6%
-31.2%
Q2 25
19.9%
-37.3%
Q1 25
20.0%
-45.8%
Q4 24
20.8%
Q3 24
12.1%
-40.9%
Q2 24
17.7%
-80.2%
Q1 24
17.7%
-61.4%
EPS (diluted)
FMNB
FMNB
ZLAB
ZLAB
Q4 25
$0.39
$-0.05
Q3 25
$0.33
$-0.03
Q2 25
$0.37
$-0.04
Q1 25
$0.36
$-0.04
Q4 24
$0.38
$-0.09
Q3 24
$0.23
$-0.04
Q2 24
$0.31
$-0.08
Q1 24
$0.30
$-0.05

Balance Sheet & Financial Strength

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

Metric
FMNB
FMNB
ZLAB
ZLAB
Cash + ST InvestmentsLiquidity on hand
$689.6M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$485.7M
$715.5M
Total Assets
$5.2B
$1.2B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMNB
FMNB
ZLAB
ZLAB
Q4 25
$689.6M
Q3 25
$717.2M
Q2 25
$732.2M
Q1 25
$757.3M
Q4 24
$779.7M
Q3 24
$616.1M
Q2 24
$630.0M
Q1 24
$650.8M
Total Debt
FMNB
FMNB
ZLAB
ZLAB
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
ZLAB
ZLAB
Q4 25
$485.7M
$715.5M
Q3 25
$465.9M
$759.9M
Q2 25
$437.7M
$791.7M
Q1 25
$429.1M
$810.8M
Q4 24
$406.0M
$840.9M
Q3 24
$439.7M
$667.7M
Q2 24
$396.7M
$704.2M
Q1 24
$397.0M
$762.2M
Total Assets
FMNB
FMNB
ZLAB
ZLAB
Q4 25
$5.2B
$1.2B
Q3 25
$5.2B
$1.2B
Q2 25
$5.2B
$1.2B
Q1 25
$5.2B
$1.2B
Q4 24
$5.1B
$1.2B
Q3 24
$5.2B
$985.3M
Q2 24
$5.2B
$987.4M
Q1 24
$5.1B
$988.4M
Debt / Equity
FMNB
FMNB
ZLAB
ZLAB
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
ZLAB
ZLAB
Operating Cash FlowLast quarter
$60.0M
$-26.0M
Free Cash FlowOCF − Capex
$52.2M
$-26.7M
FCF MarginFCF / Revenue
73.0%
-21.0%
Capex IntensityCapex / Revenue
11.0%
0.5%
Cash ConversionOCF / Net Profit
4.10×
TTM Free Cash FlowTrailing 4 quarters
$85.8M
$-158.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMNB
FMNB
ZLAB
ZLAB
Q4 25
$60.0M
$-26.0M
Q3 25
$10.7M
$-32.0M
Q2 25
$14.0M
$-31.0M
Q1 25
$15.7M
$-61.7M
Q4 24
$66.6M
$-55.8M
Q3 24
$23.9M
$-26.8M
Q2 24
$16.6M
$-42.2M
Q1 24
$13.7M
$-90.1M
Free Cash Flow
FMNB
FMNB
ZLAB
ZLAB
Q4 25
$52.2M
$-26.7M
Q3 25
$9.0M
$-35.0M
Q2 25
$12.4M
$-33.9M
Q1 25
$12.2M
$-63.2M
Q4 24
$54.9M
$-58.4M
Q3 24
$20.4M
$-28.2M
Q2 24
$14.4M
$-42.9M
Q1 24
$12.2M
$-91.1M
FCF Margin
FMNB
FMNB
ZLAB
ZLAB
Q4 25
73.0%
-21.0%
Q3 25
12.8%
-30.4%
Q2 25
17.8%
-31.1%
Q1 25
18.0%
-59.9%
Q4 24
79.2%
-53.8%
Q3 24
29.1%
-27.7%
Q2 24
21.6%
-42.9%
Q1 24
19.2%
-104.5%
Capex Intensity
FMNB
FMNB
ZLAB
ZLAB
Q4 25
11.0%
0.5%
Q3 25
2.4%
2.6%
Q2 25
2.3%
2.6%
Q1 25
5.2%
1.5%
Q4 24
16.9%
2.4%
Q3 24
4.9%
1.3%
Q2 24
3.3%
0.7%
Q1 24
2.4%
1.1%
Cash Conversion
FMNB
FMNB
ZLAB
ZLAB
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.

ZLAB
ZLAB

Zejula$56.0M44%
Other$21.9M17%
Nuzyra$16.0M13%
Optune$11.9M9%
XACDURO$10.7M8%
Qinlock$9.7M8%
AUGTYRO$836.0K1%

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