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Side-by-side financial comparison of FIRST NATIONAL CORP (FXNC) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

FIRST NATIONAL CORP is the larger business by last-quarter revenue ($24.0M vs $19.1M, roughly 1.3× Americas Gold & Silver Corp). FIRST NATIONAL CORP runs the higher net margin — 23.0% vs -82.3%, a 105.3% gap on every dollar of revenue. On growth, FIRST NATIONAL CORP posted the faster year-over-year revenue change (-3.4% vs -28.0%). FIRST NATIONAL CORP produced more free cash flow last quarter ($20.9M vs $-41.3M).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

FXNC vs USAS — Head-to-Head

Bigger by revenue
FXNC
FXNC
1.3× larger
FXNC
$24.0M
$19.1M
USAS
Growing faster (revenue YoY)
FXNC
FXNC
+24.7% gap
FXNC
-3.4%
-28.0%
USAS
Higher net margin
FXNC
FXNC
105.3% more per $
FXNC
23.0%
-82.3%
USAS
More free cash flow
FXNC
FXNC
$62.2M more FCF
FXNC
$20.9M
$-41.3M
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FXNC
FXNC
USAS
USAS
Revenue
$24.0M
$19.1M
Net Profit
$5.5M
$-15.7M
Gross Margin
34.2%
Operating Margin
28.8%
Net Margin
23.0%
-82.3%
Revenue YoY
-3.4%
-28.0%
Net Profit YoY
689.9%
2.8%
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
USAS
USAS
Q4 25
$24.0M
Q3 25
$22.8M
$19.1M
Q2 25
$22.4M
Q1 25
$21.1M
Q4 24
$24.8M
Q3 24
$15.0M
$26.5M
Q2 24
$14.2M
Q1 24
$14.9M
Net Profit
FXNC
FXNC
USAS
USAS
Q4 25
$5.5M
Q3 25
$5.5M
$-15.7M
Q2 25
$5.1M
Q1 25
$1.6M
Q4 24
$-933.0K
Q3 24
$2.2M
$-16.2M
Q2 24
$2.4M
Q1 24
$3.2M
Gross Margin
FXNC
FXNC
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
FXNC
FXNC
USAS
USAS
Q4 25
28.8%
Q3 25
29.9%
Q2 25
28.2%
Q1 25
9.0%
Q4 24
-29.0%
Q3 24
18.7%
Q2 24
22.0%
Q1 24
26.9%
Net Margin
FXNC
FXNC
USAS
USAS
Q4 25
23.0%
Q3 25
24.3%
-82.3%
Q2 25
22.5%
Q1 25
7.6%
Q4 24
-14.4%
Q3 24
15.0%
-60.9%
Q2 24
17.2%
Q1 24
21.5%
EPS (diluted)
FXNC
FXNC
USAS
USAS
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
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$160.9M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$186.2M
$50.2M
Total Assets
$2.0B
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FXNC
FXNC
USAS
USAS
Q4 25
$160.9M
Q3 25
$189.3M
$39.1M
Q2 25
$194.3M
Q1 25
$206.0M
Q4 24
$162.9M
Q3 24
$126.5M
Q2 24
$135.6M
Q1 24
Stockholders' Equity
FXNC
FXNC
USAS
USAS
Q4 25
$186.2M
Q3 25
$181.2M
$50.2M
Q2 25
$173.5M
Q1 25
$168.7M
Q4 24
$166.5M
Q3 24
$125.1M
$53.1M
Q2 24
$119.9M
Q1 24
$117.8M
Total Assets
FXNC
FXNC
USAS
USAS
Q4 25
$2.0B
Q3 25
$2.0B
$234.7M
Q2 25
$2.0B
Q1 25
$2.0B
Q4 24
$2.0B
Q3 24
$1.5B
Q2 24
$1.5B
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
USAS
USAS
Operating Cash FlowLast quarter
$25.1M
$-12.5M
Free Cash FlowOCF − Capex
$20.9M
$-41.3M
FCF MarginFCF / Revenue
87.3%
-216.5%
Capex IntensityCapex / Revenue
17.4%
150.8%
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
USAS
USAS
Q4 25
$25.1M
Q3 25
$8.4M
$-12.5M
Q2 25
$4.7M
Q1 25
$3.5M
Q4 24
$-22.2M
Q3 24
$6.1M
$2.4M
Q2 24
$3.6M
Q1 24
$4.7M
Free Cash Flow
FXNC
FXNC
USAS
USAS
Q4 25
$20.9M
Q3 25
$6.8M
$-41.3M
Q2 25
$4.1M
Q1 25
$3.0M
Q4 24
$-25.5M
Q3 24
$4.9M
$-11.2M
Q2 24
$3.0M
Q1 24
$4.4M
FCF Margin
FXNC
FXNC
USAS
USAS
Q4 25
87.3%
Q3 25
30.0%
-216.5%
Q2 25
18.3%
Q1 25
14.5%
Q4 24
-102.8%
Q3 24
33.0%
-42.2%
Q2 24
21.0%
Q1 24
29.5%
Capex Intensity
FXNC
FXNC
USAS
USAS
Q4 25
17.4%
Q3 25
7.0%
150.8%
Q2 25
2.6%
Q1 25
2.3%
Q4 24
13.3%
Q3 24
8.1%
51.2%
Q2 24
4.6%
Q1 24
2.0%
Cash Conversion
FXNC
FXNC
USAS
USAS
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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