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

First Northwest Bancorp is the larger business by last-quarter revenue ($18.4M vs $12.6M, roughly 1.5× Spero Therapeutics, Inc.). Spero Therapeutics, Inc. runs the higher net margin — 250.7% vs 2.6%, a 248.1% gap on every dollar of revenue. On growth, Spero Therapeutics, Inc. posted the faster year-over-year revenue change (24080.8% vs 19.1%). Over the past eight quarters, Spero Therapeutics, Inc.'s revenue compounded faster (847.7% CAGR vs 6.8%).

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

FNWB vs SPRO — Head-to-Head

Bigger by revenue
FNWB
FNWB
1.5× larger
FNWB
$18.4M
$12.6M
SPRO
Growing faster (revenue YoY)
SPRO
SPRO
+24061.7% gap
SPRO
24080.8%
19.1%
FNWB
Higher net margin
SPRO
SPRO
248.1% more per $
SPRO
250.7%
2.6%
FNWB
Faster 2-yr revenue CAGR
SPRO
SPRO
Annualised
SPRO
847.7%
6.8%
FNWB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNWB
FNWB
SPRO
SPRO
Revenue
$18.4M
$12.6M
Net Profit
$382.0K
$31.5M
Gross Margin
Operating Margin
6.2%
Net Margin
2.6%
250.7%
Revenue YoY
19.1%
24080.8%
Net Profit YoY
113.6%
250.9%
EPS (diluted)
$0.04
$0.56

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
SPRO
SPRO
Q4 25
$18.4M
$12.6M
Q3 25
$16.6M
$0
Q2 25
$16.4M
$0
Q1 25
$17.6M
$12.0K
Q4 24
$15.4M
$52.0K
Q3 24
$15.8M
$65.0K
Q2 24
$21.6M
$114.0K
Q1 24
$16.1M
$140.0K
Net Profit
FNWB
FNWB
SPRO
SPRO
Q4 25
$382.0K
$31.5M
Q3 25
$802.0K
$-7.4M
Q2 25
$3.7M
$-1.7M
Q1 25
$-9.0M
$-13.9M
Q4 24
$-2.8M
Q3 24
$-2.0M
$-17.1M
Q2 24
$-2.2M
$-17.9M
Q1 24
$396.0K
$-12.7M
Operating Margin
FNWB
FNWB
SPRO
SPRO
Q4 25
6.2%
Q3 25
-0.9%
Q2 25
24.2%
Q1 25
-57.7%
-122758.3%
Q4 24
-17.3%
Q3 24
-20.1%
-28604.6%
Q2 24
-12.8%
-16720.2%
Q1 24
5.2%
-9987.1%
Net Margin
FNWB
FNWB
SPRO
SPRO
Q4 25
2.6%
250.7%
Q3 25
4.8%
Q2 25
22.4%
Q1 25
-51.3%
-115550.0%
Q4 24
-19.9%
Q3 24
-12.5%
-26380.0%
Q2 24
-10.3%
-15668.4%
Q1 24
2.5%
-9049.3%
EPS (diluted)
FNWB
FNWB
SPRO
SPRO
Q4 25
$0.04
$0.56
Q3 25
$0.09
$-0.13
Q2 25
$0.42
$-0.03
Q1 25
$-1.03
$-0.25
Q4 24
$-0.31
Q3 24
$-0.23
$-0.32
Q2 24
$-0.25
$-0.33
Q1 24
$0.04
$-0.24

Balance Sheet & Financial Strength

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

Metric
FNWB
FNWB
SPRO
SPRO
Cash + ST InvestmentsLiquidity on hand
$40.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$157.3M
$59.0M
Total Assets
$2.1B
$68.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNWB
FNWB
SPRO
SPRO
Q4 25
$40.3M
Q3 25
$48.6M
Q2 25
$31.2M
Q1 25
$48.9M
Q4 24
$52.9M
Q3 24
$76.3M
Q2 24
$63.5M
Q1 24
$82.3M
Stockholders' Equity
FNWB
FNWB
SPRO
SPRO
Q4 25
$157.3M
$59.0M
Q3 25
$154.5M
$26.5M
Q2 25
$149.7M
$32.8M
Q1 25
$146.5M
$33.8M
Q4 24
$153.9M
$46.1M
Q3 24
$160.8M
$65.5M
Q2 24
$158.9M
$80.5M
Q1 24
$160.5M
$96.2M
Total Assets
FNWB
FNWB
SPRO
SPRO
Q4 25
$2.1B
$68.9M
Q3 25
$2.1B
$54.2M
Q2 25
$2.2B
$62.1M
Q1 25
$2.2B
$77.7M
Q4 24
$2.2B
$110.5M
Q3 24
$2.3B
$135.2M
Q2 24
$2.2B
$149.9M
Q1 24
$2.2B
$167.7M

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
SPRO
SPRO
Operating Cash FlowLast quarter
$-2.8M
$-8.4M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-7.22×
-0.26×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWB
FNWB
SPRO
SPRO
Q4 25
$-2.8M
$-8.4M
Q3 25
$4.7M
$17.4M
Q2 25
$4.0M
$-17.7M
Q1 25
$-21.7M
$-4.0M
Q4 24
$16.9M
$-23.4M
Q3 24
$1.2M
$12.8M
Q2 24
$8.1M
$-18.7M
Q1 24
$-4.9M
$5.9M
Free Cash Flow
FNWB
FNWB
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$-5.0M
FCF Margin
FNWB
FNWB
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-30.9%
Capex Intensity
FNWB
FNWB
SPRO
SPRO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.7%
Cash Conversion
FNWB
FNWB
SPRO
SPRO
Q4 25
-7.22×
-0.26×
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.

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