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Side-by-side financial comparison of Primis Financial Corp. (FRST) and NATHANS FAMOUS, INC. (NATH). Click either name above to swap in a different company.

Primis Financial Corp. is the larger business by last-quarter revenue ($45.6M vs $34.3M, roughly 1.3× NATHANS FAMOUS, INC.). Primis Financial Corp. runs the higher net margin — 16.0% vs 9.0%, a 7.0% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs 8.8%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

Nathan's Famous, Inc., is an American company that operates a chain of fast-food restaurants specializing in hot dogs. The original Nathan's restaurant stands at the corner of Surf and Stillwell avenues in the Coney Island neighborhood of Brooklyn, New York City. Its restaurants are primarily in the Northeastern United States. The company's headquarters are at One Jericho Plaza in Jericho, part of Oyster Bay, New York.

FRST vs NATH — Head-to-Head

Bigger by revenue
FRST
FRST
1.3× larger
FRST
$45.6M
$34.3M
NATH
Higher net margin
FRST
FRST
7.0% more per $
FRST
16.0%
9.0%
NATH
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
8.8%
NATH

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FRST
FRST
NATH
NATH
Revenue
$45.6M
$34.3M
Net Profit
$7.3M
$3.1M
Gross Margin
32.6%
Operating Margin
14.9%
Net Margin
16.0%
9.0%
Revenue YoY
8.9%
Net Profit YoY
200.0%
-31.2%
EPS (diluted)
$0.30
$0.75

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
FRST
FRST
NATH
NATH
Q1 26
$45.6M
Q4 25
$80.9M
$34.3M
Q3 25
$41.0M
$45.7M
Q2 25
$43.2M
$47.0M
Q1 25
$58.7M
$30.8M
Q4 24
$38.8M
$31.5M
Q3 24
$37.3M
$41.1M
Q2 24
$35.7M
$44.8M
Net Profit
FRST
FRST
NATH
NATH
Q1 26
$7.3M
Q4 25
$29.5M
$3.1M
Q3 25
$6.8M
$5.2M
Q2 25
$2.4M
$8.9M
Q1 25
$22.6M
$4.2M
Q4 24
$-26.2M
$4.5M
Q3 24
$1.2M
$6.0M
Q2 24
$3.4M
$9.3M
Gross Margin
FRST
FRST
NATH
NATH
Q1 26
Q4 25
32.6%
Q3 25
29.1%
Q2 25
39.5%
Q1 25
38.7%
Q4 24
37.9%
Q3 24
36.7%
Q2 24
43.6%
Operating Margin
FRST
FRST
NATH
NATH
Q1 26
Q4 25
44.8%
14.9%
Q3 25
21.3%
16.4%
Q2 25
6.9%
27.2%
Q1 25
41.9%
20.7%
Q4 24
-123.0%
21.4%
Q3 24
-3.1%
23.4%
Q2 24
7.8%
30.7%
Net Margin
FRST
FRST
NATH
NATH
Q1 26
16.0%
Q4 25
36.5%
9.0%
Q3 25
16.7%
11.4%
Q2 25
5.6%
19.0%
Q1 25
38.6%
13.8%
Q4 24
-100.3%
14.2%
Q3 24
3.3%
14.7%
Q2 24
9.6%
20.7%
EPS (diluted)
FRST
FRST
NATH
NATH
Q1 26
$0.30
Q4 25
$1.19
$0.75
Q3 25
$0.28
$1.26
Q2 25
$0.10
$2.16
Q1 25
$0.92
$1.03
Q4 24
$-0.95
$1.10
Q3 24
$0.05
$1.47
Q2 24
$0.14
$2.27

Balance Sheet & Financial Strength

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

Metric
FRST
FRST
NATH
NATH
Cash + ST InvestmentsLiquidity on hand
$159.9M
$24.5M
Total DebtLower is stronger
$48.7M
Stockholders' EquityBook value
$427.2M
$-15.3M
Total Assets
$4.3B
$50.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
NATH
NATH
Q1 26
$159.9M
Q4 25
$143.6M
$24.5M
Q3 25
$63.9M
$32.2M
Q2 25
$94.1M
$26.9M
Q1 25
$57.0M
$27.8M
Q4 24
$64.5M
$23.7M
Q3 24
$77.3M
$31.2M
Q2 24
$66.6M
$26.0M
Total Debt
FRST
FRST
NATH
NATH
Q1 26
Q4 25
$48.7M
Q3 25
$49.3M
Q2 25
$49.9M
Q1 25
$50.5M
Q4 24
$51.1M
Q3 24
$59.6M
Q2 24
Stockholders' Equity
FRST
FRST
NATH
NATH
Q1 26
$427.2M
Q4 25
$422.9M
$-15.3M
Q3 25
$382.2M
$-5.9M
Q2 25
$376.4M
$-9.3M
Q1 25
$375.6M
$-16.5M
Q4 24
$351.8M
$-19.0M
Q3 24
$381.0M
$-21.3M
Q2 24
$376.0M
$-25.5M
Total Assets
FRST
FRST
NATH
NATH
Q1 26
$4.3B
Q4 25
$4.0B
$50.9M
Q3 25
$4.0B
$62.9M
Q2 25
$3.9B
$63.4M
Q1 25
$3.7B
$53.5M
Q4 24
$3.7B
$48.7M
Q3 24
$4.0B
$57.7M
Q2 24
$4.0B
$58.5M

Cash Flow & Capital Efficiency

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

Metric
FRST
FRST
NATH
NATH
Operating Cash FlowLast quarter
$5.8M
Free Cash FlowOCF − Capex
$5.7M
FCF MarginFCF / Revenue
16.6%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.87×
TTM Free Cash FlowTrailing 4 quarters
$22.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
NATH
NATH
Q1 26
Q4 25
$10.8M
$5.8M
Q3 25
$-11.4M
$10.2M
Q2 25
$-41.0M
$-220.0K
Q1 25
$34.4M
$6.8M
Q4 24
$19.5M
$3.6M
Q3 24
$6.1M
$9.8M
Q2 24
$52.3M
$5.0M
Free Cash Flow
FRST
FRST
NATH
NATH
Q1 26
Q4 25
$9.0M
$5.7M
Q3 25
$10.0M
Q2 25
$-335.0K
Q1 25
$6.7M
Q4 24
$18.3M
$3.6M
Q3 24
$9.7M
Q2 24
$5.0M
FCF Margin
FRST
FRST
NATH
NATH
Q1 26
Q4 25
11.2%
16.6%
Q3 25
21.9%
Q2 25
-0.7%
Q1 25
21.9%
Q4 24
47.3%
11.4%
Q3 24
23.7%
Q2 24
11.1%
Capex Intensity
FRST
FRST
NATH
NATH
Q1 26
Q4 25
2.1%
0.2%
Q3 25
0.4%
Q2 25
0.2%
Q1 25
0.2%
Q4 24
3.1%
0.1%
Q3 24
0.0%
0.2%
Q2 24
0.0%
0.1%
Cash Conversion
FRST
FRST
NATH
NATH
Q1 26
Q4 25
0.36×
1.87×
Q3 25
-1.67×
1.95×
Q2 25
-16.82×
-0.02×
Q1 25
1.52×
1.60×
Q4 24
0.81×
Q3 24
4.93×
1.63×
Q2 24
15.21×
0.54×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

NATH
NATH

Branded Product Program$23.7M69%
Product Licensing$7.4M22%
Company Operated Restaurants$1.6M5%
Franchise Fees And Royalties$1.0M3%

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