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Side-by-side financial comparison of FIRST NATIONAL CORP (FXNC) and Laird Superfood, Inc. (LSF). Click either name above to swap in a different company.

FIRST NATIONAL CORP is the larger business by last-quarter revenue ($24.0M vs $13.3M, roughly 1.8× Laird Superfood, Inc.). FIRST NATIONAL CORP runs the higher net margin — 23.0% vs -13.2%, a 36.1% gap on every dollar of revenue. On growth, Laird Superfood, Inc. posted the faster year-over-year revenue change (15.0% vs -3.4%). Over the past eight quarters, FIRST NATIONAL CORP's revenue compounded faster (26.8% CAGR vs 16.1%).

VA Tech Wabag Ltd. is an Indian multinational company focussed on desalination and water treatment for municipal and industrial users. Founded in Breslau in 1924, the company is headquartered in Chennai.

Laird Superfood, Inc. develops, manufactures and sells a portfolio of plant-based functional superfood products, including premium coffee creamers, hydration blends, nutritional supplements, and plant-powered snacks. It serves health-conscious consumers through direct-to-consumer e-commerce platforms and offline retail partners, mainly operating in the North American market with a focus on sustainably sourced clean ingredients.

FXNC vs LSF — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.8× larger
FXNC
$24.0M
$13.3M
LSF
Growing faster (revenue YoY)
LSF
LSF
+18.4% gap
LSF
15.0%
-3.4%
FXNC
Higher net margin
FXNC
FXNC
36.1% more per $
FXNC
23.0%
-13.2%
LSF
Faster 2-yr revenue CAGR
FXNC
FXNC
Annualised
FXNC
26.8%
16.1%
LSF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FXNC
FXNC
LSF
LSF
Revenue
$24.0M
$13.3M
Net Profit
$5.5M
$-1.8M
Gross Margin
34.1%
Operating Margin
28.8%
-13.5%
Net Margin
23.0%
-13.2%
Revenue YoY
-3.4%
15.0%
Net Profit YoY
689.9%
-341.4%
EPS (diluted)
$0.60

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
FXNC
FXNC
LSF
LSF
Q4 25
$24.0M
$13.3M
Q3 25
$22.8M
$12.9M
Q2 25
$22.4M
$12.0M
Q1 25
$21.1M
$11.7M
Q4 24
$24.8M
$11.6M
Q3 24
$15.0M
$11.8M
Q2 24
$14.2M
$10.0M
Q1 24
$14.9M
$9.9M
Net Profit
FXNC
FXNC
LSF
LSF
Q4 25
$5.5M
$-1.8M
Q3 25
$5.5M
$-975.1K
Q2 25
$5.1M
$-362.2K
Q1 25
$1.6M
$-156.2K
Q4 24
$-933.0K
$-398.4K
Q3 24
$2.2M
$-166.1K
Q2 24
$2.4M
$-239.1K
Q1 24
$3.2M
$-1.0M
Gross Margin
FXNC
FXNC
LSF
LSF
Q4 25
34.1%
Q3 25
36.5%
Q2 25
39.9%
Q1 25
41.9%
Q4 24
38.6%
Q3 24
43.0%
Q2 24
41.8%
Q1 24
40.0%
Operating Margin
FXNC
FXNC
LSF
LSF
Q4 25
28.8%
-13.5%
Q3 25
29.9%
-7.7%
Q2 25
28.2%
-3.3%
Q1 25
9.0%
-1.9%
Q4 24
-29.0%
-4.1%
Q3 24
18.7%
-2.3%
Q2 24
22.0%
-3.4%
Q1 24
26.9%
-11.0%
Net Margin
FXNC
FXNC
LSF
LSF
Q4 25
23.0%
-13.2%
Q3 25
24.3%
-7.6%
Q2 25
22.5%
-3.0%
Q1 25
7.6%
-1.3%
Q4 24
-14.4%
-3.4%
Q3 24
15.0%
-1.4%
Q2 24
17.2%
-2.4%
Q1 24
21.5%
-10.3%
EPS (diluted)
FXNC
FXNC
LSF
LSF
Q4 25
$0.60
Q3 25
$0.62
Q2 25
$0.56
Q1 25
$0.18
Q4 24
$-0.26
Q3 24
$0.36
Q2 24
$0.39
Q1 24
$0.51

Balance Sheet & Financial Strength

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

Metric
FXNC
FXNC
LSF
LSF
Cash + ST InvestmentsLiquidity on hand
$160.9M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$186.2M
$11.5M
Total Assets
$2.0B
$19.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FXNC
FXNC
LSF
LSF
Q4 25
$160.9M
$5.1M
Q3 25
$189.3M
$5.1M
Q2 25
$194.3M
$3.9M
Q1 25
$206.0M
$7.0M
Q4 24
$162.9M
$8.3M
Q3 24
$126.5M
$7.9M
Q2 24
$135.6M
$7.6M
Q1 24
$7.1M
Stockholders' Equity
FXNC
FXNC
LSF
LSF
Q4 25
$186.2M
$11.5M
Q3 25
$181.2M
$12.8M
Q2 25
$173.5M
$13.4M
Q1 25
$168.7M
$13.3M
Q4 24
$166.5M
$13.2M
Q3 24
$125.1M
$13.1M
Q2 24
$119.9M
$12.6M
Q1 24
$117.8M
$12.7M
Total Assets
FXNC
FXNC
LSF
LSF
Q4 25
$2.0B
$19.2M
Q3 25
$2.0B
$18.9M
Q2 25
$2.0B
$20.4M
Q1 25
$2.0B
$21.5M
Q4 24
$2.0B
$19.3M
Q3 24
$1.5B
$18.8M
Q2 24
$1.5B
$18.0M
Q1 24
$1.4B
$17.6M

Cash Flow & Capital Efficiency

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

Metric
FXNC
FXNC
LSF
LSF
Operating Cash FlowLast quarter
$25.1M
$68.4K
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
87.3%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
4.56×
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FXNC
FXNC
LSF
LSF
Q4 25
$25.1M
$68.4K
Q3 25
$8.4M
$1.2M
Q2 25
$4.7M
$-2.8M
Q1 25
$3.5M
$-1.3M
Q4 24
$-22.2M
$339.2K
Q3 24
$6.1M
$305.8K
Q2 24
$3.6M
$642.7K
Q1 24
$4.7M
$-422.3K
Free Cash Flow
FXNC
FXNC
LSF
LSF
Q4 25
$20.9M
Q3 25
$6.8M
Q2 25
$4.1M
Q1 25
$3.0M
Q4 24
$-25.5M
Q3 24
$4.9M
Q2 24
$3.0M
Q1 24
$4.4M
FCF Margin
FXNC
FXNC
LSF
LSF
Q4 25
87.3%
Q3 25
30.0%
Q2 25
18.3%
Q1 25
14.5%
Q4 24
-102.8%
Q3 24
33.0%
Q2 24
21.0%
Q1 24
29.5%
Capex Intensity
FXNC
FXNC
LSF
LSF
Q4 25
17.4%
Q3 25
7.0%
Q2 25
2.6%
Q1 25
2.3%
Q4 24
13.3%
Q3 24
8.1%
Q2 24
4.6%
Q1 24
2.0%
Cash Conversion
FXNC
FXNC
LSF
LSF
Q4 25
4.56×
Q3 25
1.52×
Q2 25
0.93×
Q1 25
2.21×
Q4 24
Q3 24
2.73×
Q2 24
1.49×
Q1 24
1.47×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FXNC
FXNC

Segment breakdown not available.

LSF
LSF

Wholesale$7.0M52%
Coffee Tea And Hot Chocolate Products$4.4M33%
Hydration And Beverage Enhancing Supplements$1.6M12%
Other$352.6K3%

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