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Side-by-side financial comparison of Finward Bancorp (FNWD) and FIBROGEN INC (KYNB). Click either name above to swap in a different company.

FIBROGEN INC is the larger business by last-quarter revenue ($25.4M vs $16.5M, roughly 1.5× Finward Bancorp). Finward Bancorp runs the higher net margin — 12.0% vs -129.8%, a 141.9% gap on every dollar of revenue. On growth, Finward Bancorp posted the faster year-over-year revenue change (1.1% vs -29.9%). Finward Bancorp produced more free cash flow last quarter ($9.0M vs $-59.3M). Over the past eight quarters, FIBROGEN INC's revenue compounded faster (-7.8% CAGR vs -19.1%).

Finward Bancorp is a U.S.-headquartered regional bank holding company. It offers a full range of retail and commercial banking products and services, including deposit accounts, personal and mortgage loans, small business financing, and wealth management solutions, primarily serving individual customers and small to mid-sized enterprises in its local operating regions.

FibroGen Inc. is a biopharmaceutical firm developing and commercializing innovative therapies for unmet medical needs, targeting fibrotic diseases, anemia and cancer. Its lead product roxadustat is approved in multiple markets including China and Japan, serving patients across key therapeutic segments.

FNWD vs KYNB — Head-to-Head

Bigger by revenue
KYNB
KYNB
1.5× larger
KYNB
$25.4M
$16.5M
FNWD
Growing faster (revenue YoY)
FNWD
FNWD
+30.9% gap
FNWD
1.1%
-29.9%
KYNB
Higher net margin
FNWD
FNWD
141.9% more per $
FNWD
12.0%
-129.8%
KYNB
More free cash flow
FNWD
FNWD
$68.4M more FCF
FNWD
$9.0M
$-59.3M
KYNB
Faster 2-yr revenue CAGR
KYNB
KYNB
Annualised
KYNB
-7.8%
-19.1%
FNWD

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
FNWD
FNWD
KYNB
KYNB
Revenue
$16.5M
$25.4M
Net Profit
$2.0M
$-32.9M
Gross Margin
15.9%
Operating Margin
11.0%
-193.9%
Net Margin
12.0%
-129.8%
Revenue YoY
1.1%
-29.9%
Net Profit YoY
-5.6%
57.1%
EPS (diluted)
$0.46
$-0.33

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
FNWD
FNWD
KYNB
KYNB
Q4 25
$16.5M
Q3 25
$17.4M
Q2 25
$16.6M
Q1 25
$15.5M
Q4 24
$16.3M
Q3 24
$14.9M
Q2 24
$14.6M
Q1 24
$25.3M
$25.4M
Net Profit
FNWD
FNWD
KYNB
KYNB
Q4 25
$2.0M
Q3 25
$3.5M
Q2 25
$2.2M
Q1 25
$455.0K
Q4 24
$2.1M
Q3 24
$606.0K
Q2 24
$143.0K
Q1 24
$9.3M
$-32.9M
Gross Margin
FNWD
FNWD
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
15.9%
Operating Margin
FNWD
FNWD
KYNB
KYNB
Q4 25
11.0%
Q3 25
20.5%
Q2 25
12.7%
Q1 25
4.0%
Q4 24
16.3%
Q3 24
2.7%
Q2 24
0.9%
Q1 24
40.6%
-193.9%
Net Margin
FNWD
FNWD
KYNB
KYNB
Q4 25
12.0%
Q3 25
20.1%
Q2 25
12.9%
Q1 25
2.9%
Q4 24
12.9%
Q3 24
4.1%
Q2 24
1.0%
Q1 24
36.7%
-129.8%
EPS (diluted)
FNWD
FNWD
KYNB
KYNB
Q4 25
$0.46
Q3 25
$0.81
Q2 25
$0.50
Q1 25
$0.11
Q4 24
$0.50
Q3 24
$0.14
Q2 24
$0.03
Q1 24
$2.17
$-0.33

Balance Sheet & Financial Strength

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

Metric
FNWD
FNWD
KYNB
KYNB
Cash + ST InvestmentsLiquidity on hand
$177.6M
Total DebtLower is stronger
Stockholders' EquityBook value
$174.7M
$-228.1M
Total Assets
$2.0B
$365.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNWD
FNWD
KYNB
KYNB
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$177.6M
Stockholders' Equity
FNWD
FNWD
KYNB
KYNB
Q4 25
$174.7M
Q3 25
$165.5M
Q2 25
$154.3M
Q1 25
$151.8M
Q4 24
$151.4M
Q3 24
$159.6M
Q2 24
$148.6M
Q1 24
$151.6M
$-228.1M
Total Assets
FNWD
FNWD
KYNB
KYNB
Q4 25
$2.0B
Q3 25
$2.1B
Q2 25
$2.1B
Q1 25
$2.0B
Q4 24
$2.1B
Q3 24
$2.1B
Q2 24
$2.1B
Q1 24
$2.1B
$365.9M

Cash Flow & Capital Efficiency

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

Metric
FNWD
FNWD
KYNB
KYNB
Operating Cash FlowLast quarter
$9.9M
$-59.3M
Free Cash FlowOCF − Capex
$9.0M
$-59.3M
FCF MarginFCF / Revenue
54.8%
-233.9%
Capex IntensityCapex / Revenue
5.2%
0.1%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M
$-274.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWD
FNWD
KYNB
KYNB
Q4 25
$9.9M
Q3 25
$1.2M
Q2 25
$4.8M
Q1 25
$-3.8M
Q4 24
$9.8M
Q3 24
$-3.7M
Q2 24
$2.8M
Q1 24
$-25.0K
$-59.3M
Free Cash Flow
FNWD
FNWD
KYNB
KYNB
Q4 25
$9.0M
Q3 25
$1.0M
Q2 25
$4.5M
Q1 25
$-4.0M
Q4 24
$6.7M
Q3 24
$-4.2M
Q2 24
$1.1M
Q1 24
$-736.0K
$-59.3M
FCF Margin
FNWD
FNWD
KYNB
KYNB
Q4 25
54.8%
Q3 25
6.0%
Q2 25
27.0%
Q1 25
-25.7%
Q4 24
41.2%
Q3 24
-28.5%
Q2 24
7.6%
Q1 24
-2.9%
-233.9%
Capex Intensity
FNWD
FNWD
KYNB
KYNB
Q4 25
5.2%
Q3 25
0.9%
Q2 25
1.7%
Q1 25
1.2%
Q4 24
18.8%
Q3 24
3.4%
Q2 24
11.2%
Q1 24
2.8%
0.1%
Cash Conversion
FNWD
FNWD
KYNB
KYNB
Q4 25
4.99×
Q3 25
0.34×
Q2 25
2.22×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
Q1 24
-0.00×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FNWD
FNWD

Segment breakdown not available.

KYNB
KYNB

Drug Product Revenue$24.5M97%
Other$878.0K3%

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