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

Simulations Plus, Inc. is the larger business by last-quarter revenue ($18.4M vs $18.4M, roughly 1.0× First Northwest Bancorp). Simulations Plus, Inc. runs the higher net margin — 3.7% vs 2.6%, a 1.1% gap on every dollar of revenue. On growth, First Northwest Bancorp posted the faster year-over-year revenue change (19.1% vs -2.7%). Over the past eight quarters, First Northwest Bancorp's revenue compounded faster (6.8% CAGR vs 0.3%).

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

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

FNWB vs SLP — Head-to-Head

Bigger by revenue
SLP
SLP
1.0× larger
SLP
$18.4M
$18.4M
FNWB
Growing faster (revenue YoY)
FNWB
FNWB
+21.7% gap
FNWB
19.1%
-2.7%
SLP
Higher net margin
SLP
SLP
1.1% more per $
SLP
3.7%
2.6%
FNWB
Faster 2-yr revenue CAGR
FNWB
FNWB
Annualised
FNWB
6.8%
0.3%
SLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FNWB
FNWB
SLP
SLP
Revenue
$18.4M
$18.4M
Net Profit
$382.0K
$676.0K
Gross Margin
59.1%
Operating Margin
6.2%
3.9%
Net Margin
2.6%
3.7%
Revenue YoY
19.1%
-2.7%
Net Profit YoY
113.6%
228.2%
EPS (diluted)
$0.04
$0.03

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
SLP
SLP
Q4 25
$18.4M
$18.4M
Q3 25
$16.6M
$17.5M
Q2 25
$16.4M
$20.4M
Q1 25
$17.6M
$22.4M
Q4 24
$15.4M
$18.9M
Q3 24
$15.8M
$18.7M
Q2 24
$21.6M
$18.5M
Q1 24
$16.1M
$18.3M
Net Profit
FNWB
FNWB
SLP
SLP
Q4 25
$382.0K
$676.0K
Q3 25
$802.0K
$-681.0K
Q2 25
$3.7M
$-67.3M
Q1 25
$-9.0M
$3.1M
Q4 24
$-2.8M
$206.0K
Q3 24
$-2.0M
$843.0K
Q2 24
$-2.2M
$3.1M
Q1 24
$396.0K
$4.0M
Gross Margin
FNWB
FNWB
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
FNWB
FNWB
SLP
SLP
Q4 25
6.2%
3.9%
Q3 25
-0.9%
3.8%
Q2 25
24.2%
-364.5%
Q1 25
-57.7%
12.1%
Q4 24
-17.3%
0.7%
Q3 24
-20.1%
-6.2%
Q2 24
-12.8%
10.1%
Q1 24
5.2%
24.3%
Net Margin
FNWB
FNWB
SLP
SLP
Q4 25
2.6%
3.7%
Q3 25
4.8%
-3.9%
Q2 25
22.4%
-330.6%
Q1 25
-51.3%
13.7%
Q4 24
-19.9%
1.1%
Q3 24
-12.5%
4.5%
Q2 24
-10.3%
16.9%
Q1 24
2.5%
22.0%
EPS (diluted)
FNWB
FNWB
SLP
SLP
Q4 25
$0.04
$0.03
Q3 25
$0.09
$-0.03
Q2 25
$0.42
$-3.35
Q1 25
$-1.03
$0.15
Q4 24
$-0.31
$0.01
Q3 24
$-0.23
$0.04
Q2 24
$-0.25
$0.15
Q1 24
$0.04
$0.20

Balance Sheet & Financial Strength

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

Metric
FNWB
FNWB
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$157.3M
$127.1M
Total Assets
$2.1B
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNWB
FNWB
SLP
SLP
Q4 25
$35.7M
Q3 25
$32.4M
Q2 25
$28.4M
Q1 25
$21.4M
Q4 24
$18.2M
Q3 24
$20.3M
Q2 24
$119.0M
Q1 24
$108.5M
Stockholders' Equity
FNWB
FNWB
SLP
SLP
Q4 25
$157.3M
$127.1M
Q3 25
$154.5M
$124.8M
Q2 25
$149.7M
$123.8M
Q1 25
$146.5M
$189.5M
Q4 24
$153.9M
$184.7M
Q3 24
$160.8M
$182.4M
Q2 24
$158.9M
$180.9M
Q1 24
$160.5M
$177.0M
Total Assets
FNWB
FNWB
SLP
SLP
Q4 25
$2.1B
$137.8M
Q3 25
$2.1B
$131.9M
Q2 25
$2.2B
$134.4M
Q1 25
$2.2B
$201.4M
Q4 24
$2.2B
$196.9M
Q3 24
$2.3B
$196.6M
Q2 24
$2.2B
$192.7M
Q1 24
$2.2B
$194.0M

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
SLP
SLP
Operating Cash FlowLast quarter
$-2.8M
$4.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
-7.22×
6.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWB
FNWB
SLP
SLP
Q4 25
$-2.8M
$4.2M
Q3 25
$4.7M
$5.6M
Q2 25
$4.0M
$8.1M
Q1 25
$-21.7M
$5.7M
Q4 24
$16.9M
$-1.3M
Q3 24
$1.2M
$1.7M
Q2 24
$8.1M
$5.7M
Q1 24
$-4.9M
$5.8M
Free Cash Flow
FNWB
FNWB
SLP
SLP
Q4 25
Q3 25
$5.3M
Q2 25
$7.8M
Q1 25
$5.6M
Q4 24
$-1.4M
Q3 24
$1.6M
Q2 24
$5.6M
Q1 24
$-5.0M
$5.4M
FCF Margin
FNWB
FNWB
SLP
SLP
Q4 25
Q3 25
30.5%
Q2 25
38.5%
Q1 25
25.0%
Q4 24
-7.2%
Q3 24
8.8%
Q2 24
30.0%
Q1 24
-30.9%
29.4%
Capex Intensity
FNWB
FNWB
SLP
SLP
Q4 25
0.0%
Q3 25
1.5%
Q2 25
1.5%
Q1 25
0.3%
Q4 24
0.5%
Q3 24
0.1%
Q2 24
0.6%
Q1 24
0.7%
2.4%
Cash Conversion
FNWB
FNWB
SLP
SLP
Q4 25
-7.22×
6.26×
Q3 25
5.89×
Q2 25
1.08×
Q1 25
1.84×
Q4 24
-6.18×
Q3 24
1.97×
Q2 24
1.81×
Q1 24
-12.29×
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNWB
FNWB

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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