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Side-by-side financial comparison of First Northwest Bancorp (FNWB) and iPower Inc. (IPW). Click either name above to swap in a different company.

First Northwest Bancorp is the larger business by last-quarter revenue ($18.4M vs $12.0M, roughly 1.5× iPower Inc.). On growth, First Northwest Bancorp posted the faster year-over-year revenue change (19.1% vs -36.8%).

First Midwest Bancorp, Inc. was headquartered in Chicago, Illinois, just east of O'Hare Airport. The company's predecessor traces back to Joliet, Illinois. From there the company has grown to serve many Chicago suburbs including northwest Indiana, downstate Illinois, southeast Wisconsin and the Quad Cities area including Iowa. First Midwest Bank is one of the largest banking institutions in the United States

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

FNWB vs IPW — Head-to-Head

Bigger by revenue
FNWB
FNWB
1.5× larger
FNWB
$18.4M
$12.0M
IPW
Growing faster (revenue YoY)
FNWB
FNWB
+55.8% gap
FNWB
19.1%
-36.8%
IPW

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FNWB
FNWB
IPW
IPW
Revenue
$18.4M
$12.0M
Net Profit
$382.0K
Gross Margin
40.0%
Operating Margin
6.2%
-14.1%
Net Margin
2.6%
Revenue YoY
19.1%
-36.8%
Net Profit YoY
113.6%
EPS (diluted)
$0.04
$-0.51

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
FNWB
FNWB
IPW
IPW
Q4 25
$18.4M
Q3 25
$16.6M
$12.0M
Q2 25
$16.4M
Q1 25
$17.6M
Q4 24
$15.4M
Q3 24
$15.8M
Q2 24
$21.6M
Q1 24
$16.1M
Net Profit
FNWB
FNWB
IPW
IPW
Q4 25
$382.0K
Q3 25
$802.0K
Q2 25
$3.7M
Q1 25
$-9.0M
Q4 24
$-2.8M
Q3 24
$-2.0M
Q2 24
$-2.2M
Q1 24
$396.0K
Gross Margin
FNWB
FNWB
IPW
IPW
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
FNWB
FNWB
IPW
IPW
Q4 25
6.2%
Q3 25
-0.9%
-14.1%
Q2 25
24.2%
Q1 25
-57.7%
Q4 24
-17.3%
Q3 24
-20.1%
Q2 24
-12.8%
Q1 24
5.2%
Net Margin
FNWB
FNWB
IPW
IPW
Q4 25
2.6%
Q3 25
4.8%
Q2 25
22.4%
Q1 25
-51.3%
Q4 24
-19.9%
Q3 24
-12.5%
Q2 24
-10.3%
Q1 24
2.5%
EPS (diluted)
FNWB
FNWB
IPW
IPW
Q4 25
$0.04
Q3 25
$0.09
$-0.51
Q2 25
$0.42
Q1 25
$-1.03
Q4 24
$-0.31
Q3 24
$-0.23
Q2 24
$-0.25
Q1 24
$0.04

Balance Sheet & Financial Strength

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

Metric
FNWB
FNWB
IPW
IPW
Cash + ST InvestmentsLiquidity on hand
$904.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$157.3M
$17.9M
Total Assets
$2.1B
$28.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNWB
FNWB
IPW
IPW
Q4 25
Q3 25
$904.0K
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FNWB
FNWB
IPW
IPW
Q4 25
$157.3M
Q3 25
$154.5M
$17.9M
Q2 25
$149.7M
Q1 25
$146.5M
Q4 24
$153.9M
Q3 24
$160.8M
Q2 24
$158.9M
Q1 24
$160.5M
Total Assets
FNWB
FNWB
IPW
IPW
Q4 25
$2.1B
Q3 25
$2.1B
$28.6M
Q2 25
$2.2B
Q1 25
$2.2B
Q4 24
$2.2B
Q3 24
$2.3B
Q2 24
$2.2B
Q1 24
$2.2B

Cash Flow & Capital Efficiency

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

Metric
FNWB
FNWB
IPW
IPW
Operating Cash FlowLast quarter
$-2.8M
$1.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-7.22×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWB
FNWB
IPW
IPW
Q4 25
$-2.8M
Q3 25
$4.7M
$1.7M
Q2 25
$4.0M
Q1 25
$-21.7M
Q4 24
$16.9M
Q3 24
$1.2M
Q2 24
$8.1M
Q1 24
$-4.9M
Free Cash Flow
FNWB
FNWB
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-5.0M
FCF Margin
FNWB
FNWB
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-30.9%
Capex Intensity
FNWB
FNWB
IPW
IPW
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.7%
Cash Conversion
FNWB
FNWB
IPW
IPW
Q4 25
-7.22×
Q3 25
5.89×
Q2 25
1.08×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-12.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNWB
FNWB

Segment breakdown not available.

IPW
IPW

Products$10.5M87%
Services$1.5M13%

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