vs

Side-by-side financial comparison of FIRST NATIONAL CORP (FXNC) and SBC Medical Group Holdings Inc (SBC). Click either name above to swap in a different company.

SBC Medical Group Holdings Inc is the larger business by last-quarter revenue ($39.6M vs $24.0M, roughly 1.7× FIRST NATIONAL CORP). SBC Medical Group Holdings Inc runs the higher net margin — 35.9% vs 23.0%, a 12.9% gap on every dollar of revenue. On growth, FIRST NATIONAL CORP posted the faster year-over-year revenue change (-3.4% vs -10.9%). SBC Medical Group Holdings Inc produced more free cash flow last quarter ($51.2M vs $20.9M). Over the past eight quarters, FIRST NATIONAL CORP's revenue compounded faster (26.8% CAGR vs -15.0%).

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.

SBC Medical Group Holdings Inc. is a leading Japan-headquartered healthcare provider primarily focused on aesthetic medicine, dermatology, and anti-aging wellness services. It operates an extensive network of clinics across Japan, catering to both domestic patients and international medical tourists, with core offerings including cosmetic surgery and non-invasive skincare treatments.

FXNC vs SBC — Head-to-Head

Bigger by revenue
SBC
SBC
1.7× larger
SBC
$39.6M
$24.0M
FXNC
Growing faster (revenue YoY)
FXNC
FXNC
+7.6% gap
FXNC
-3.4%
-10.9%
SBC
Higher net margin
SBC
SBC
12.9% more per $
SBC
35.9%
23.0%
FXNC
More free cash flow
SBC
SBC
$30.2M more FCF
SBC
$51.2M
$20.9M
FXNC
Faster 2-yr revenue CAGR
FXNC
FXNC
Annualised
FXNC
26.8%
-15.0%
SBC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FXNC
FXNC
SBC
SBC
Revenue
$24.0M
$39.6M
Net Profit
$5.5M
$14.2M
Gross Margin
73.1%
Operating Margin
28.8%
32.5%
Net Margin
23.0%
35.9%
Revenue YoY
-3.4%
-10.9%
Net Profit YoY
689.9%
117.2%
EPS (diluted)
$0.60
$0.15

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
SBC
SBC
Q4 25
$24.0M
$39.6M
Q3 25
$22.8M
$43.4M
Q2 25
$22.4M
$43.4M
Q1 25
$21.1M
$47.3M
Q4 24
$24.8M
$44.4M
Q3 24
$15.0M
$53.1M
Q2 24
$14.2M
$53.1M
Q1 24
$14.9M
$54.8M
Net Profit
FXNC
FXNC
SBC
SBC
Q4 25
$5.5M
$14.2M
Q3 25
$5.5M
$12.8M
Q2 25
$5.1M
$2.5M
Q1 25
$1.6M
$21.5M
Q4 24
$-933.0K
$6.5M
Q3 24
$2.2M
$2.8M
Q2 24
$2.4M
$18.5M
Q1 24
$3.2M
$18.8M
Gross Margin
FXNC
FXNC
SBC
SBC
Q4 25
73.1%
Q3 25
70.6%
Q2 25
69.2%
Q1 25
79.7%
Q4 24
76.3%
Q3 24
81.5%
Q2 24
74.2%
Q1 24
72.1%
Operating Margin
FXNC
FXNC
SBC
SBC
Q4 25
28.8%
32.5%
Q3 25
29.9%
36.6%
Q2 25
28.2%
33.6%
Q1 25
9.0%
51.1%
Q4 24
-29.0%
10.6%
Q3 24
18.7%
26.1%
Q2 24
22.0%
51.4%
Q1 24
26.9%
44.6%
Net Margin
FXNC
FXNC
SBC
SBC
Q4 25
23.0%
35.9%
Q3 25
24.3%
29.6%
Q2 25
22.5%
5.7%
Q1 25
7.6%
45.4%
Q4 24
-14.4%
14.7%
Q3 24
15.0%
5.3%
Q2 24
17.2%
34.8%
Q1 24
21.5%
34.2%
EPS (diluted)
FXNC
FXNC
SBC
SBC
Q4 25
$0.60
$0.15
Q3 25
$0.62
$0.12
Q2 25
$0.56
$0.02
Q1 25
$0.18
$0.21
Q4 24
$-0.26
$0.05
Q3 24
$0.36
$0.03
Q2 24
$0.39
$0.20
Q1 24
$0.51
$0.20

Balance Sheet & Financial Strength

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

Metric
FXNC
FXNC
SBC
SBC
Cash + ST InvestmentsLiquidity on hand
$160.9M
$164.1M
Total DebtLower is stronger
$42.8M
Stockholders' EquityBook value
$186.2M
$248.3M
Total Assets
$2.0B
$380.4M
Debt / EquityLower = less leverage
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FXNC
FXNC
SBC
SBC
Q4 25
$160.9M
$164.1M
Q3 25
$189.3M
$127.4M
Q2 25
$194.3M
$152.7M
Q1 25
$206.0M
$132.1M
Q4 24
$162.9M
$125.0M
Q3 24
$126.5M
$137.4M
Q2 24
$135.6M
Q1 24
Total Debt
FXNC
FXNC
SBC
SBC
Q4 25
$42.8M
Q3 25
$21.1M
Q2 25
$7.1M
Q1 25
$6.9M
Q4 24
$6.6M
Q3 24
$823.2K
Q2 24
Q1 24
Stockholders' Equity
FXNC
FXNC
SBC
SBC
Q4 25
$186.2M
$248.3M
Q3 25
$181.2M
$248.0M
Q2 25
$173.5M
$244.6M
Q1 25
$168.7M
$226.4M
Q4 24
$166.5M
$195.1M
Q3 24
$125.1M
$205.0M
Q2 24
$119.9M
$8.8M
Q1 24
$117.8M
$9.0M
Total Assets
FXNC
FXNC
SBC
SBC
Q4 25
$2.0B
$380.4M
Q3 25
$2.0B
$321.4M
Q2 25
$2.0B
$315.3M
Q1 25
$2.0B
$284.6M
Q4 24
$2.0B
$266.1M
Q3 24
$1.5B
$296.5M
Q2 24
$1.5B
$19.5M
Q1 24
$1.4B
$19.8M
Debt / Equity
FXNC
FXNC
SBC
SBC
Q4 25
0.17×
Q3 25
0.09×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
0.00×
Q2 24
Q1 24

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
SBC
SBC
Operating Cash FlowLast quarter
$25.1M
$52.0M
Free Cash FlowOCF − Capex
$20.9M
$51.2M
FCF MarginFCF / Revenue
87.3%
129.3%
Capex IntensityCapex / Revenue
17.4%
2.0%
Cash ConversionOCF / Net Profit
4.56×
3.66×
TTM Free Cash FlowTrailing 4 quarters
$34.9M
$23.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FXNC
FXNC
SBC
SBC
Q4 25
$25.1M
$52.0M
Q3 25
$8.4M
$-20.9M
Q2 25
$4.7M
$-8.3M
Q1 25
$3.5M
$1.9M
Q4 24
$-22.2M
$-7.3M
Q3 24
$6.1M
$5.0M
Q2 24
$3.6M
$19.2M
Q1 24
$4.7M
$3.7M
Free Cash Flow
FXNC
FXNC
SBC
SBC
Q4 25
$20.9M
$51.2M
Q3 25
$6.8M
$-20.9M
Q2 25
$4.1M
$-8.6M
Q1 25
$3.0M
$1.7M
Q4 24
$-25.5M
$-7.9M
Q3 24
$4.9M
$4.6M
Q2 24
$3.0M
$18.3M
Q1 24
$4.4M
$3.0M
FCF Margin
FXNC
FXNC
SBC
SBC
Q4 25
87.3%
129.3%
Q3 25
30.0%
-48.3%
Q2 25
18.3%
-19.9%
Q1 25
14.5%
3.5%
Q4 24
-102.8%
-17.8%
Q3 24
33.0%
8.7%
Q2 24
21.0%
34.5%
Q1 24
29.5%
5.4%
Capex Intensity
FXNC
FXNC
SBC
SBC
Q4 25
17.4%
2.0%
Q3 25
7.0%
0.1%
Q2 25
2.6%
0.7%
Q1 25
2.3%
0.5%
Q4 24
13.3%
1.3%
Q3 24
8.1%
0.8%
Q2 24
4.6%
1.6%
Q1 24
2.0%
1.3%
Cash Conversion
FXNC
FXNC
SBC
SBC
Q4 25
4.56×
3.66×
Q3 25
1.52×
-1.63×
Q2 25
0.93×
-3.39×
Q1 25
2.21×
0.09×
Q4 24
-1.12×
Q3 24
2.73×
1.77×
Q2 24
1.49×
1.04×
Q1 24
1.47×
0.20×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FXNC
FXNC

Segment breakdown not available.

SBC
SBC

Franchising$10.3M26%
Medical Corporation Shobikai$8.1M21%
Medical Corporation Nasukai$7.2M18%
Management Services$6.3M16%
Rental Services$4.3M11%
Medical Corporation Association Furinkai$3.0M8%
Japan Medical And Beauty Inc$656.5K2%

Related Comparisons