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Side-by-side financial comparison of First Bancorp, Inc (FNLC) and Venus Concept Inc. (VERO). Click either name above to swap in a different company.

First Bancorp, Inc is the larger business by last-quarter revenue ($25.8M vs $13.8M, roughly 1.9× Venus Concept Inc.). First Bancorp, Inc runs the higher net margin — 39.4% vs -163.8%, a 203.2% gap on every dollar of revenue. On growth, First Bancorp, Inc posted the faster year-over-year revenue change (17.5% vs -8.2%). First Bancorp, Inc produced more free cash flow last quarter ($34.6M vs $-4.9M). Over the past eight quarters, First Bancorp, Inc's revenue compounded faster (18.1% CAGR vs -12.8%).

Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.

Venus Concept Inc is a global medical technology firm specializing in the development, manufacturing, and distribution of non-invasive and minimally invasive aesthetic medical devices. Its product portfolio covers hair removal, skin rejuvenation, body contouring, and anti-aging solutions, serving dermatology clinics, plastic surgery centers, and medical spas across North America, Europe, and Asia Pacific markets.

FNLC vs VERO — Head-to-Head

Bigger by revenue
FNLC
FNLC
1.9× larger
FNLC
$25.8M
$13.8M
VERO
Growing faster (revenue YoY)
FNLC
FNLC
+25.7% gap
FNLC
17.5%
-8.2%
VERO
Higher net margin
FNLC
FNLC
203.2% more per $
FNLC
39.4%
-163.8%
VERO
More free cash flow
FNLC
FNLC
$39.5M more FCF
FNLC
$34.6M
$-4.9M
VERO
Faster 2-yr revenue CAGR
FNLC
FNLC
Annualised
FNLC
18.1%
-12.8%
VERO

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FNLC
FNLC
VERO
VERO
Revenue
$25.8M
$13.8M
Net Profit
$10.2M
$-22.6M
Gross Margin
64.0%
Operating Margin
48.1%
-68.9%
Net Margin
39.4%
-163.8%
Revenue YoY
17.5%
-8.2%
Net Profit YoY
39.7%
-143.0%
EPS (diluted)
$0.91
$-12.14

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
FNLC
FNLC
VERO
VERO
Q4 25
$25.8M
Q3 25
$24.5M
$13.8M
Q2 25
$22.5M
$15.7M
Q1 25
$21.8M
$13.6M
Q4 24
$22.0M
$15.8M
Q3 24
$20.5M
$15.0M
Q2 24
$19.2M
$16.6M
Q1 24
$18.5M
$17.5M
Net Profit
FNLC
FNLC
VERO
VERO
Q4 25
$10.2M
Q3 25
$9.1M
$-22.6M
Q2 25
$8.1M
$-11.7M
Q1 25
$7.1M
$-12.4M
Q4 24
$7.3M
$-8.0M
Q3 24
$7.6M
$-9.3M
Q2 24
$6.2M
$-20.0M
Q1 24
$6.0M
$-9.8M
Gross Margin
FNLC
FNLC
VERO
VERO
Q4 25
Q3 25
64.0%
Q2 25
60.1%
Q1 25
64.2%
Q4 24
69.1%
Q3 24
66.1%
Q2 24
71.5%
Q1 24
66.6%
Operating Margin
FNLC
FNLC
VERO
VERO
Q4 25
48.1%
Q3 25
45.2%
-68.9%
Q2 25
43.7%
-57.6%
Q1 25
39.3%
-69.8%
Q4 24
39.5%
-42.3%
Q3 24
44.6%
-47.7%
Q2 24
38.8%
-33.7%
Q1 24
39.3%
-44.4%
Net Margin
FNLC
FNLC
VERO
VERO
Q4 25
39.4%
Q3 25
37.0%
-163.8%
Q2 25
35.8%
-74.7%
Q1 25
32.5%
-90.6%
Q4 24
33.1%
-50.5%
Q3 24
36.9%
-61.9%
Q2 24
32.1%
-120.3%
Q1 24
32.5%
-56.0%
EPS (diluted)
FNLC
FNLC
VERO
VERO
Q4 25
$0.91
Q3 25
$0.81
$-12.14
Q2 25
$0.72
$-8.03
Q1 25
$0.63
$-17.44
Q4 24
$0.66
$-10.26
Q3 24
$0.68
$-13.10
Q2 24
$0.55
$-30.93
Q1 24
$0.54
$-16.92

Balance Sheet & Financial Strength

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

Metric
FNLC
FNLC
VERO
VERO
Cash + ST InvestmentsLiquidity on hand
$4.3M
Total DebtLower is stronger
$95.5M
Stockholders' EquityBook value
$283.1M
$2.7M
Total Assets
$3.2B
$61.6M
Debt / EquityLower = less leverage
0.34×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNLC
FNLC
VERO
VERO
Q4 25
Q3 25
$4.3M
Q2 25
$3.9M
Q1 25
$3.2M
Q4 24
$4.3M
Q3 24
$4.5M
Q2 24
$5.7M
Q1 24
$5.1M
Total Debt
FNLC
FNLC
VERO
VERO
Q4 25
$95.5M
Q3 25
$95.5M
Q2 25
$95.0M
Q1 25
$70.0M
Q4 24
$95.0M
Q3 24
$95.0M
Q2 24
$70.0M
Q1 24
$70.0M
Stockholders' Equity
FNLC
FNLC
VERO
VERO
Q4 25
$283.1M
Q3 25
$274.6M
$2.7M
Q2 25
$265.5M
$2.3M
Q1 25
$259.7M
$2.3M
Q4 24
$252.5M
$2.4M
Q3 24
$256.8M
$10.1M
Q2 24
$244.7M
$3.7M
Q1 24
$242.6M
$-22.5M
Total Assets
FNLC
FNLC
VERO
VERO
Q4 25
$3.2B
Q3 25
$3.2B
$61.6M
Q2 25
$3.2B
$63.1M
Q1 25
$3.2B
$63.5M
Q4 24
$3.2B
$68.2M
Q3 24
$3.1B
$72.3M
Q2 24
$3.1B
$79.8M
Q1 24
$3.0B
$85.1M
Debt / Equity
FNLC
FNLC
VERO
VERO
Q4 25
0.34×
Q3 25
0.35×
Q2 25
0.36×
Q1 25
0.27×
Q4 24
0.38×
Q3 24
0.37×
Q2 24
0.29×
Q1 24
0.29×

Cash Flow & Capital Efficiency

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

Metric
FNLC
FNLC
VERO
VERO
Operating Cash FlowLast quarter
$37.8M
$-4.9M
Free Cash FlowOCF − Capex
$34.6M
$-4.9M
FCF MarginFCF / Revenue
133.9%
-35.6%
Capex IntensityCapex / Revenue
12.5%
0.1%
Cash ConversionOCF / Net Profit
3.72×
TTM Free Cash FlowTrailing 4 quarters
$55.3M
$-20.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNLC
FNLC
VERO
VERO
Q4 25
$37.8M
Q3 25
$12.9M
$-4.9M
Q2 25
$7.4M
$-5.4M
Q1 25
$2.2M
$-6.3M
Q4 24
$26.0M
$-3.8M
Q3 24
$9.8M
$-3.0M
Q2 24
$6.4M
$-1.3M
Q1 24
$-1.5M
$-2.9M
Free Cash Flow
FNLC
FNLC
VERO
VERO
Q4 25
$34.6M
Q3 25
$12.6M
$-4.9M
Q2 25
$7.2M
$-5.6M
Q1 25
$828.0K
$-6.3M
Q4 24
$24.6M
$-3.9M
Q3 24
$9.6M
$-3.1M
Q2 24
$6.3M
$-1.4M
Q1 24
$-1.8M
$-2.9M
FCF Margin
FNLC
FNLC
VERO
VERO
Q4 25
133.9%
Q3 25
51.4%
-35.6%
Q2 25
32.1%
-35.8%
Q1 25
3.8%
-46.5%
Q4 24
111.7%
-24.7%
Q3 24
47.0%
-20.3%
Q2 24
32.9%
-8.2%
Q1 24
-9.8%
-16.6%
Capex Intensity
FNLC
FNLC
VERO
VERO
Q4 25
12.5%
Q3 25
1.2%
0.1%
Q2 25
0.6%
1.0%
Q1 25
6.2%
0.3%
Q4 24
6.7%
0.5%
Q3 24
0.5%
0.0%
Q2 24
0.3%
0.1%
Q1 24
1.8%
0.1%
Cash Conversion
FNLC
FNLC
VERO
VERO
Q4 25
3.72×
Q3 25
1.42×
Q2 25
0.91×
Q1 25
0.31×
Q4 24
3.58×
Q3 24
1.29×
Q2 24
1.03×
Q1 24
-0.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNLC
FNLC

Segment breakdown not available.

VERO
VERO

Products And Services$10.8M79%
Leases$2.9M21%

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