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

SYPRIS SOLUTIONS INC is the larger business by last-quarter revenue ($30.3M vs $16.5M, roughly 1.8× Finward Bancorp). Finward Bancorp runs the higher net margin — 12.0% vs -12.9%, a 24.9% gap on every dollar of revenue. On growth, Finward Bancorp posted the faster year-over-year revenue change (1.1% vs -9.5%). Finward Bancorp produced more free cash flow last quarter ($9.0M vs $-1.5M). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% 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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

FNWD vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
1.8× larger
SYPR
$30.3M
$16.5M
FNWD
Growing faster (revenue YoY)
FNWD
FNWD
+10.5% gap
FNWD
1.1%
-9.5%
SYPR
Higher net margin
FNWD
FNWD
24.9% more per $
FNWD
12.0%
-12.9%
SYPR
More free cash flow
FNWD
FNWD
$10.5M more FCF
FNWD
$9.0M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
SYPR
SYPR
Annualised
SYPR
-7.7%
-19.1%
FNWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FNWD
FNWD
SYPR
SYPR
Revenue
$16.5M
$30.3M
Net Profit
$2.0M
$-3.9M
Gross Margin
4.6%
Operating Margin
11.0%
-10.9%
Net Margin
12.0%
-12.9%
Revenue YoY
1.1%
-9.5%
Net Profit YoY
-5.6%
-2992.6%
EPS (diluted)
$0.46
$-0.17

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
SYPR
SYPR
Q4 25
$16.5M
$30.3M
Q3 25
$17.4M
$28.7M
Q2 25
$16.6M
$31.4M
Q1 25
$15.5M
$29.5M
Q4 24
$16.3M
$33.4M
Q3 24
$14.9M
$35.7M
Q2 24
$14.6M
$35.5M
Q1 24
$25.3M
$35.6M
Net Profit
FNWD
FNWD
SYPR
SYPR
Q4 25
$2.0M
$-3.9M
Q3 25
$3.5M
$517.0K
Q2 25
$2.2M
$-2.1M
Q1 25
$455.0K
$-899.0K
Q4 24
$2.1M
$135.0K
Q3 24
$606.0K
$390.0K
Q2 24
$143.0K
$16.0K
Q1 24
$9.3M
$-2.2M
Gross Margin
FNWD
FNWD
SYPR
SYPR
Q4 25
4.6%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
11.4%
Q4 24
16.1%
Q3 24
16.8%
Q2 24
15.9%
Q1 24
8.1%
Operating Margin
FNWD
FNWD
SYPR
SYPR
Q4 25
11.0%
-10.9%
Q3 25
20.5%
-6.1%
Q2 25
12.7%
-4.6%
Q1 25
4.0%
-0.4%
Q4 24
16.3%
3.9%
Q3 24
2.7%
4.8%
Q2 24
0.9%
3.6%
Q1 24
40.6%
-3.9%
Net Margin
FNWD
FNWD
SYPR
SYPR
Q4 25
12.0%
-12.9%
Q3 25
20.1%
1.8%
Q2 25
12.9%
-6.5%
Q1 25
2.9%
-3.0%
Q4 24
12.9%
0.4%
Q3 24
4.1%
1.1%
Q2 24
1.0%
0.0%
Q1 24
36.7%
-6.2%
EPS (diluted)
FNWD
FNWD
SYPR
SYPR
Q4 25
$0.46
$-0.17
Q3 25
$0.81
$0.02
Q2 25
$0.50
$-0.09
Q1 25
$0.11
$-0.04
Q4 24
$0.50
$0.00
Q3 24
$0.14
$0.02
Q2 24
$0.03
$0.00
Q1 24
$2.17
$-0.10

Balance Sheet & Financial Strength

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

Metric
FNWD
FNWD
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$174.7M
$17.8M
Total Assets
$2.0B
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
FNWD
FNWD
SYPR
SYPR
Q4 25
$174.7M
$17.8M
Q3 25
$165.5M
$20.0M
Q2 25
$154.3M
$18.7M
Q1 25
$151.8M
$19.0M
Q4 24
$151.4M
$19.6M
Q3 24
$159.6M
$18.2M
Q2 24
$148.6M
$19.0M
Q1 24
$151.6M
$20.8M
Total Assets
FNWD
FNWD
SYPR
SYPR
Q4 25
$2.0B
$107.8M
Q3 25
$2.1B
$112.5M
Q2 25
$2.1B
$105.8M
Q1 25
$2.0B
$110.2M
Q4 24
$2.1B
$119.4M
Q3 24
$2.1B
$121.6M
Q2 24
$2.1B
$124.2M
Q1 24
$2.1B
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$9.9M
$-1.1M
Free Cash FlowOCF − Capex
$9.0M
$-1.5M
FCF MarginFCF / Revenue
54.8%
-5.0%
Capex IntensityCapex / Revenue
5.2%
1.3%
Cash ConversionOCF / Net Profit
4.99×
TTM Free Cash FlowTrailing 4 quarters
$10.6M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FNWD
FNWD
SYPR
SYPR
Q4 25
$9.9M
$-1.1M
Q3 25
$1.2M
$-178.0K
Q2 25
$4.8M
$1.1M
Q1 25
$-3.8M
$-5.5M
Q4 24
$9.8M
$2.3M
Q3 24
$-3.7M
$-4.8M
Q2 24
$2.8M
$6.2M
Q1 24
$-25.0K
$-1.7M
Free Cash Flow
FNWD
FNWD
SYPR
SYPR
Q4 25
$9.0M
$-1.5M
Q3 25
$1.0M
$-390.0K
Q2 25
$4.5M
$941.0K
Q1 25
$-4.0M
$-5.5M
Q4 24
$6.7M
$1.9M
Q3 24
$-4.2M
$-4.9M
Q2 24
$1.1M
$6.0M
Q1 24
$-736.0K
$-2.0M
FCF Margin
FNWD
FNWD
SYPR
SYPR
Q4 25
54.8%
-5.0%
Q3 25
6.0%
-1.4%
Q2 25
27.0%
3.0%
Q1 25
-25.7%
-18.8%
Q4 24
41.2%
5.7%
Q3 24
-28.5%
-13.8%
Q2 24
7.6%
16.8%
Q1 24
-2.9%
-5.7%
Capex Intensity
FNWD
FNWD
SYPR
SYPR
Q4 25
5.2%
1.3%
Q3 25
0.9%
0.7%
Q2 25
1.7%
0.5%
Q1 25
1.2%
0.0%
Q4 24
18.8%
1.2%
Q3 24
3.4%
0.4%
Q2 24
11.2%
0.5%
Q1 24
2.8%
0.9%
Cash Conversion
FNWD
FNWD
SYPR
SYPR
Q4 25
4.99×
Q3 25
0.34×
-0.34×
Q2 25
2.22×
Q1 25
-8.37×
Q4 24
4.66×
17.13×
Q3 24
-6.15×
-12.21×
Q2 24
19.23×
385.25×
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.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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