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

SIFCO INDUSTRIES INC is the larger business by last-quarter revenue ($24.0M vs $16.5M, roughly 1.5× Finward Bancorp). Finward Bancorp runs the higher net margin — 12.0% vs 7.5%, a 4.5% gap on every dollar of revenue. On growth, SIFCO INDUSTRIES INC posted the faster year-over-year revenue change (14.8% vs 1.1%). Finward Bancorp produced more free cash flow last quarter ($9.0M vs $8.0M). Over the past eight quarters, SIFCO INDUSTRIES INC's revenue compounded faster (8.1% 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.

SIFCO Industries, Inc. (SIFCO), is a global metal component manufacturer based in Cleveland, Ohio.

FNWD vs SIF — Head-to-Head

Bigger by revenue
SIF
SIF
1.5× larger
SIF
$24.0M
$16.5M
FNWD
Growing faster (revenue YoY)
SIF
SIF
+13.7% gap
SIF
14.8%
1.1%
FNWD
Higher net margin
FNWD
FNWD
4.5% more per $
FNWD
12.0%
7.5%
SIF
More free cash flow
FNWD
FNWD
$1.1M more FCF
FNWD
$9.0M
$8.0M
SIF
Faster 2-yr revenue CAGR
SIF
SIF
Annualised
SIF
8.1%
-19.1%
FNWD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FNWD
FNWD
SIF
SIF
Revenue
$16.5M
$24.0M
Net Profit
$2.0M
$1.8M
Gross Margin
21.6%
Operating Margin
11.0%
10.7%
Net Margin
12.0%
7.5%
Revenue YoY
1.1%
14.8%
Net Profit YoY
-5.6%
177.3%
EPS (diluted)
$0.46
$0.29

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
SIF
SIF
Q4 25
$16.5M
$24.0M
Q3 25
$17.4M
$22.8M
Q2 25
$16.6M
$22.1M
Q1 25
$15.5M
$19.0M
Q4 24
$16.3M
$20.9M
Q3 24
$14.9M
$21.7M
Q2 24
$14.6M
$22.0M
Q1 24
$25.3M
$20.5M
Net Profit
FNWD
FNWD
SIF
SIF
Q4 25
$2.0M
$1.8M
Q3 25
$3.5M
$-429.0K
Q2 25
$2.2M
$3.4M
Q1 25
$455.0K
$-1.4M
Q4 24
$2.1M
$-2.3M
Q3 24
$606.0K
$-443.0K
Q2 24
$143.0K
$72.0K
Q1 24
$9.3M
$-1.6M
Gross Margin
FNWD
FNWD
SIF
SIF
Q4 25
21.6%
Q3 25
9.6%
Q2 25
26.7%
Q1 25
8.3%
Q4 24
4.4%
Q3 24
10.7%
Q2 24
12.3%
Q1 24
7.3%
Operating Margin
FNWD
FNWD
SIF
SIF
Q4 25
11.0%
10.7%
Q3 25
20.5%
-1.7%
Q2 25
12.7%
14.8%
Q1 25
4.0%
-4.1%
Q4 24
16.3%
-9.2%
Q3 24
2.7%
-1.5%
Q2 24
0.9%
0.7%
Q1 24
40.6%
-6.5%
Net Margin
FNWD
FNWD
SIF
SIF
Q4 25
12.0%
7.5%
Q3 25
20.1%
-1.9%
Q2 25
12.9%
15.4%
Q1 25
2.9%
-7.3%
Q4 24
12.9%
-11.1%
Q3 24
4.1%
-2.0%
Q2 24
1.0%
0.3%
Q1 24
36.7%
-7.8%
EPS (diluted)
FNWD
FNWD
SIF
SIF
Q4 25
$0.46
$0.29
Q3 25
$0.81
$-0.07
Q2 25
$0.50
$0.56
Q1 25
$0.11
$-0.23
Q4 24
$0.50
$-0.38
Q3 24
$0.14
$-0.07
Q2 24
$0.03
$0.01
Q1 24
$2.17
$-0.27

Balance Sheet & Financial Strength

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

Metric
FNWD
FNWD
SIF
SIF
Cash + ST InvestmentsLiquidity on hand
$1.1M
Total DebtLower is stronger
$39.0K
Stockholders' EquityBook value
$174.7M
$38.7M
Total Assets
$2.0B
$74.9M
Debt / EquityLower = less leverage
0.00×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FNWD
FNWD
SIF
SIF
Q4 25
$1.1M
Q3 25
$491.0K
Q2 25
$2.0M
Q1 25
$1.9M
Q4 24
$3.1M
Q3 24
$1.7M
Q2 24
$3.4M
Q1 24
$2.5M
Total Debt
FNWD
FNWD
SIF
SIF
Q4 25
$39.0K
Q3 25
$51.0K
Q2 25
Q1 25
Q4 24
Q3 24
$0
Q2 24
$3.6M
Q1 24
$4.1M
Stockholders' Equity
FNWD
FNWD
SIF
SIF
Q4 25
$174.7M
$38.7M
Q3 25
$165.5M
$36.9M
Q2 25
$154.3M
$35.8M
Q1 25
$151.8M
$32.4M
Q4 24
$151.4M
$33.7M
Q3 24
$159.6M
$30.4M
Q2 24
$148.6M
$29.8M
Q1 24
$151.6M
$29.7M
Total Assets
FNWD
FNWD
SIF
SIF
Q4 25
$2.0B
$74.9M
Q3 25
$2.1B
$73.4M
Q2 25
$2.1B
$77.3M
Q1 25
$2.0B
$78.8M
Q4 24
$2.1B
$81.0M
Q3 24
$2.1B
$104.6M
Q2 24
$2.1B
$106.3M
Q1 24
$2.1B
$104.2M
Debt / Equity
FNWD
FNWD
SIF
SIF
Q4 25
0.00×
Q3 25
0.00×
Q2 25
Q1 25
Q4 24
Q3 24
0.00×
Q2 24
0.12×
Q1 24
0.14×

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
SIF
SIF
Operating Cash FlowLast quarter
$9.9M
$8.1M
Free Cash FlowOCF − Capex
$9.0M
$8.0M
FCF MarginFCF / Revenue
54.8%
33.3%
Capex IntensityCapex / Revenue
5.2%
0.4%
Cash ConversionOCF / Net Profit
4.99×
4.51×
TTM Free Cash FlowTrailing 4 quarters
$10.6M
$11.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWD
FNWD
SIF
SIF
Q4 25
$9.9M
$8.1M
Q3 25
$1.2M
$726.0K
Q2 25
$4.8M
$371.0K
Q1 25
$-3.8M
$2.8M
Q4 24
$9.8M
$-3.8M
Q3 24
$-3.7M
$857.0K
Q2 24
$2.8M
$382.0K
Q1 24
$-25.0K
$-3.2M
Free Cash Flow
FNWD
FNWD
SIF
SIF
Q4 25
$9.0M
$8.0M
Q3 25
$1.0M
$566.0K
Q2 25
$4.5M
$310.0K
Q1 25
$-4.0M
$2.7M
Q4 24
$6.7M
$-3.9M
Q3 24
$-4.2M
$580.0K
Q2 24
$1.1M
$-175.0K
Q1 24
$-736.0K
$-3.9M
FCF Margin
FNWD
FNWD
SIF
SIF
Q4 25
54.8%
33.3%
Q3 25
6.0%
2.5%
Q2 25
27.0%
1.4%
Q1 25
-25.7%
14.1%
Q4 24
41.2%
-18.8%
Q3 24
-28.5%
2.7%
Q2 24
7.6%
-0.8%
Q1 24
-2.9%
-18.9%
Capex Intensity
FNWD
FNWD
SIF
SIF
Q4 25
5.2%
0.4%
Q3 25
0.9%
0.7%
Q2 25
1.7%
0.3%
Q1 25
1.2%
0.8%
Q4 24
18.8%
0.5%
Q3 24
3.4%
1.3%
Q2 24
11.2%
2.5%
Q1 24
2.8%
3.3%
Cash Conversion
FNWD
FNWD
SIF
SIF
Q4 25
4.99×
4.51×
Q3 25
0.34×
Q2 25
2.22×
0.11×
Q1 25
-8.37×
Q4 24
4.66×
Q3 24
-6.15×
Q2 24
19.23×
5.31×
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.

SIF
SIF

Fixed Wing Aircraft Revenue$10.5M44%
Commercial Revenue$8.7M36%
Commercial Product And Other Revenue$2.8M12%
Commercial Space$1.1M5%
Other$840.0K4%

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