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

FIRST NATIONAL CORP is the larger business by last-quarter revenue ($24.0M vs $18.4M, roughly 1.3× Simulations Plus, Inc.). FIRST NATIONAL CORP runs the higher net margin — 23.0% vs 3.7%, a 19.3% gap on every dollar of revenue. On growth, Simulations Plus, Inc. posted the faster year-over-year revenue change (-2.7% vs -3.4%). Over the past eight quarters, FIRST NATIONAL CORP's revenue compounded faster (26.8% CAGR vs 0.3%).

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.

Simulations Plus, Inc. develops absorption, distribution, metabolism, excretion, and toxicity (ADMET) modeling and simulation software for the pharmaceutical and biotechnology, industrial chemicals, cosmetics, food ingredients, and herbicide industries. In September 2014, the company acquired Cognigen Corporation, a provider of clinical trial data analysis and consulting services.

FXNC vs SLP — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.3× larger
FXNC
$24.0M
$18.4M
SLP
Growing faster (revenue YoY)
SLP
SLP
+0.7% gap
SLP
-2.7%
-3.4%
FXNC
Higher net margin
FXNC
FXNC
19.3% more per $
FXNC
23.0%
3.7%
SLP
Faster 2-yr revenue CAGR
FXNC
FXNC
Annualised
FXNC
26.8%
0.3%
SLP

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FXNC
FXNC
SLP
SLP
Revenue
$24.0M
$18.4M
Net Profit
$5.5M
$676.0K
Gross Margin
59.1%
Operating Margin
28.8%
3.9%
Net Margin
23.0%
3.7%
Revenue YoY
-3.4%
-2.7%
Net Profit YoY
689.9%
228.2%
EPS (diluted)
$0.60
$0.03

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
SLP
SLP
Q4 25
$24.0M
$18.4M
Q3 25
$22.8M
$17.5M
Q2 25
$22.4M
$20.4M
Q1 25
$21.1M
$22.4M
Q4 24
$24.8M
$18.9M
Q3 24
$15.0M
$18.7M
Q2 24
$14.2M
$18.5M
Q1 24
$14.9M
$18.3M
Net Profit
FXNC
FXNC
SLP
SLP
Q4 25
$5.5M
$676.0K
Q3 25
$5.5M
$-681.0K
Q2 25
$5.1M
$-67.3M
Q1 25
$1.6M
$3.1M
Q4 24
$-933.0K
$206.0K
Q3 24
$2.2M
$843.0K
Q2 24
$2.4M
$3.1M
Q1 24
$3.2M
$4.0M
Gross Margin
FXNC
FXNC
SLP
SLP
Q4 25
59.1%
Q3 25
56.4%
Q2 25
64.0%
Q1 25
58.5%
Q4 24
54.0%
Q3 24
36.6%
Q2 24
71.5%
Q1 24
72.2%
Operating Margin
FXNC
FXNC
SLP
SLP
Q4 25
28.8%
3.9%
Q3 25
29.9%
3.8%
Q2 25
28.2%
-364.5%
Q1 25
9.0%
12.1%
Q4 24
-29.0%
0.7%
Q3 24
18.7%
-6.2%
Q2 24
22.0%
10.1%
Q1 24
26.9%
24.3%
Net Margin
FXNC
FXNC
SLP
SLP
Q4 25
23.0%
3.7%
Q3 25
24.3%
-3.9%
Q2 25
22.5%
-330.6%
Q1 25
7.6%
13.7%
Q4 24
-14.4%
1.1%
Q3 24
15.0%
4.5%
Q2 24
17.2%
16.9%
Q1 24
21.5%
22.0%
EPS (diluted)
FXNC
FXNC
SLP
SLP
Q4 25
$0.60
$0.03
Q3 25
$0.62
$-0.03
Q2 25
$0.56
$-3.35
Q1 25
$0.18
$0.15
Q4 24
$-0.26
$0.01
Q3 24
$0.36
$0.04
Q2 24
$0.39
$0.15
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
SLP
SLP
Cash + ST InvestmentsLiquidity on hand
$160.9M
$35.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$186.2M
$127.1M
Total Assets
$2.0B
$137.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FXNC
FXNC
SLP
SLP
Q4 25
$160.9M
$35.7M
Q3 25
$189.3M
$32.4M
Q2 25
$194.3M
$28.4M
Q1 25
$206.0M
$21.4M
Q4 24
$162.9M
$18.2M
Q3 24
$126.5M
$20.3M
Q2 24
$135.6M
$119.0M
Q1 24
$108.5M
Stockholders' Equity
FXNC
FXNC
SLP
SLP
Q4 25
$186.2M
$127.1M
Q3 25
$181.2M
$124.8M
Q2 25
$173.5M
$123.8M
Q1 25
$168.7M
$189.5M
Q4 24
$166.5M
$184.7M
Q3 24
$125.1M
$182.4M
Q2 24
$119.9M
$180.9M
Q1 24
$117.8M
$177.0M
Total Assets
FXNC
FXNC
SLP
SLP
Q4 25
$2.0B
$137.8M
Q3 25
$2.0B
$131.9M
Q2 25
$2.0B
$134.4M
Q1 25
$2.0B
$201.4M
Q4 24
$2.0B
$196.9M
Q3 24
$1.5B
$196.6M
Q2 24
$1.5B
$192.7M
Q1 24
$1.4B
$194.0M

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
SLP
SLP
Operating Cash FlowLast quarter
$25.1M
$4.2M
Free Cash FlowOCF − Capex
$20.9M
FCF MarginFCF / Revenue
87.3%
Capex IntensityCapex / Revenue
17.4%
0.0%
Cash ConversionOCF / Net Profit
4.56×
6.26×
TTM Free Cash FlowTrailing 4 quarters
$34.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FXNC
FXNC
SLP
SLP
Q4 25
$25.1M
$4.2M
Q3 25
$8.4M
$5.6M
Q2 25
$4.7M
$8.1M
Q1 25
$3.5M
$5.7M
Q4 24
$-22.2M
$-1.3M
Q3 24
$6.1M
$1.7M
Q2 24
$3.6M
$5.7M
Q1 24
$4.7M
$5.8M
Free Cash Flow
FXNC
FXNC
SLP
SLP
Q4 25
$20.9M
Q3 25
$6.8M
$5.3M
Q2 25
$4.1M
$7.8M
Q1 25
$3.0M
$5.6M
Q4 24
$-25.5M
$-1.4M
Q3 24
$4.9M
$1.6M
Q2 24
$3.0M
$5.6M
Q1 24
$4.4M
$5.4M
FCF Margin
FXNC
FXNC
SLP
SLP
Q4 25
87.3%
Q3 25
30.0%
30.5%
Q2 25
18.3%
38.5%
Q1 25
14.5%
25.0%
Q4 24
-102.8%
-7.2%
Q3 24
33.0%
8.8%
Q2 24
21.0%
30.0%
Q1 24
29.5%
29.4%
Capex Intensity
FXNC
FXNC
SLP
SLP
Q4 25
17.4%
0.0%
Q3 25
7.0%
1.5%
Q2 25
2.6%
1.5%
Q1 25
2.3%
0.3%
Q4 24
13.3%
0.5%
Q3 24
8.1%
0.1%
Q2 24
4.6%
0.6%
Q1 24
2.0%
2.4%
Cash Conversion
FXNC
FXNC
SLP
SLP
Q4 25
4.56×
6.26×
Q3 25
1.52×
Q2 25
0.93×
Q1 25
2.21×
1.84×
Q4 24
-6.18×
Q3 24
2.73×
1.97×
Q2 24
1.49×
1.81×
Q1 24
1.47×
1.44×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FXNC
FXNC

Segment breakdown not available.

SLP
SLP

Services Segment$9.5M52%
Development$7.2M39%
Discovery$1.3M7%

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