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Side-by-side financial comparison of FIRST NATIONAL CORP (FXNC) and Sol-Gel Technologies Ltd. (SLGL). Click either name above to swap in a different company.

FIRST NATIONAL CORP is the larger business by last-quarter revenue ($24.0M vs $17.3M, roughly 1.4× Sol-Gel Technologies Ltd.). Sol-Gel Technologies Ltd. runs the higher net margin — 67.3% vs 23.0%, a 44.3% gap on every dollar of revenue. On growth, Sol-Gel Technologies Ltd. posted the faster year-over-year revenue change (217.7% vs -3.4%).

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.

Sol-Gel Technologies Ltd. is a specialty biopharmaceutical company focused on developing and commercializing innovative dermatology treatments. Leveraging its proprietary sol-gel delivery technology, it creates topical therapies for common skin conditions including acne, rosacea and atopic dermatitis, with primary markets across North America and Europe, partnering with established healthcare firms to expand product reach.

FXNC vs SLGL — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.4× larger
FXNC
$24.0M
$17.3M
SLGL
Growing faster (revenue YoY)
SLGL
SLGL
+221.1% gap
SLGL
217.7%
-3.4%
FXNC
Higher net margin
SLGL
SLGL
44.3% more per $
SLGL
67.3%
23.0%
FXNC

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FXNC
FXNC
SLGL
SLGL
Revenue
$24.0M
$17.3M
Net Profit
$5.5M
$11.6M
Gross Margin
Operating Margin
28.8%
65.1%
Net Margin
23.0%
67.3%
Revenue YoY
-3.4%
217.7%
Net Profit YoY
689.9%
487.6%
EPS (diluted)
$0.60
$4.17

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
FXNC
FXNC
SLGL
SLGL
Q4 25
$24.0M
Q3 25
$22.8M
Q2 25
$22.4M
$17.3M
Q1 25
$21.1M
Q4 24
$24.8M
Q3 24
$15.0M
Q2 24
$14.2M
$5.4M
Q1 24
$14.9M
Net Profit
FXNC
FXNC
SLGL
SLGL
Q4 25
$5.5M
Q3 25
$5.5M
Q2 25
$5.1M
$11.6M
Q1 25
$1.6M
Q4 24
$-933.0K
Q3 24
$2.2M
Q2 24
$2.4M
$2.0M
Q1 24
$3.2M
Operating Margin
FXNC
FXNC
SLGL
SLGL
Q4 25
28.8%
Q3 25
29.9%
Q2 25
28.2%
65.1%
Q1 25
9.0%
Q4 24
-29.0%
Q3 24
18.7%
Q2 24
22.0%
29.9%
Q1 24
26.9%
Net Margin
FXNC
FXNC
SLGL
SLGL
Q4 25
23.0%
Q3 25
24.3%
Q2 25
22.5%
67.3%
Q1 25
7.6%
Q4 24
-14.4%
Q3 24
15.0%
Q2 24
17.2%
36.4%
Q1 24
21.5%
EPS (diluted)
FXNC
FXNC
SLGL
SLGL
Q4 25
$0.60
Q3 25
$0.62
Q2 25
$0.56
$4.17
Q1 25
$0.18
Q4 24
$-0.26
Q3 24
$0.36
Q2 24
$0.39
$0.71
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
SLGL
SLGL
Cash + ST InvestmentsLiquidity on hand
$160.9M
$24.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$186.2M
$31.9M
Total Assets
$2.0B
$39.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FXNC
FXNC
SLGL
SLGL
Q4 25
$160.9M
Q3 25
$189.3M
Q2 25
$194.3M
$24.3M
Q1 25
$206.0M
Q4 24
$162.9M
Q3 24
$126.5M
Q2 24
$135.6M
$26.5M
Q1 24
Stockholders' Equity
FXNC
FXNC
SLGL
SLGL
Q4 25
$186.2M
Q3 25
$181.2M
Q2 25
$173.5M
$31.9M
Q1 25
$168.7M
Q4 24
$166.5M
Q3 24
$125.1M
Q2 24
$119.9M
$34.9M
Q1 24
$117.8M
Total Assets
FXNC
FXNC
SLGL
SLGL
Q4 25
$2.0B
Q3 25
$2.0B
Q2 25
$2.0B
$39.3M
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.5B
Q2 24
$1.5B
$42.0M
Q1 24
$1.4B

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
SLGL
SLGL
Operating Cash FlowLast quarter
$25.1M
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
SLGL
SLGL
Q4 25
$25.1M
Q3 25
$8.4M
Q2 25
$4.7M
Q1 25
$3.5M
Q4 24
$-22.2M
Q3 24
$6.1M
Q2 24
$3.6M
Q1 24
$4.7M
Free Cash Flow
FXNC
FXNC
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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
SLGL
SLGL
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.

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