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Side-by-side financial comparison of IM Cannabis Corp. (IMCC) and NATIONAL BANKSHARES INC (NKSH). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $9.3M, roughly 1.6× IM Cannabis Corp.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -1.5%, a 40.0% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -13.9%).

IM Cannabis Corp is a global cannabis enterprise focused on the cultivation, production, distribution and retail of medical and adult-use cannabis products. It runs business across core markets including North America, the European Union and Israel, offering branded cannabis goods, wellness derivatives and related consumer products to medical patients and recreational users.

Nicolet Bankshares, Inc. is a U.S. regional bank holding company based in Green Bay, Wisconsin. They are the parent company of Nicolet National Bank, the second largest Wisconsin-based bank.

IMCC vs NKSH — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.6× larger
NKSH
$15.3M
$9.3M
IMCC
Growing faster (revenue YoY)
NKSH
NKSH
+38.6% gap
NKSH
24.7%
-13.9%
IMCC
Higher net margin
NKSH
NKSH
40.0% more per $
NKSH
38.5%
-1.5%
IMCC

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
IMCC
IMCC
NKSH
NKSH
Revenue
$9.3M
$15.3M
Net Profit
$-141.6K
$5.9M
Gross Margin
27.0%
Operating Margin
-2.8%
47.4%
Net Margin
-1.5%
38.5%
Revenue YoY
-13.9%
24.7%
Net Profit YoY
94.4%
91.0%
EPS (diluted)
$0.93

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
IMCC
IMCC
NKSH
NKSH
Q4 25
$15.3M
Q3 25
$14.2M
Q2 25
$9.3M
$13.3M
Q1 25
$12.8M
Q4 24
$12.2M
Q3 24
$11.7M
Q2 24
$10.8M
$10.9M
Q1 24
$10.4M
Net Profit
IMCC
IMCC
NKSH
NKSH
Q4 25
$5.9M
Q3 25
$4.4M
Q2 25
$-141.6K
$2.3M
Q1 25
$3.2M
Q4 24
$3.1M
Q3 24
$2.7M
Q2 24
$-2.5M
$-307.0K
Q1 24
$2.2M
Gross Margin
IMCC
IMCC
NKSH
NKSH
Q4 25
Q3 25
Q2 25
27.0%
Q1 25
Q4 24
Q3 24
Q2 24
5.7%
Q1 24
Operating Margin
IMCC
IMCC
NKSH
NKSH
Q4 25
47.4%
Q3 25
37.9%
Q2 25
-2.8%
20.0%
Q1 25
30.5%
Q4 24
30.1%
Q3 24
27.5%
Q2 24
-19.5%
-4.4%
Q1 24
25.8%
Net Margin
IMCC
IMCC
NKSH
NKSH
Q4 25
38.5%
Q3 25
31.1%
Q2 25
-1.5%
17.2%
Q1 25
25.3%
Q4 24
25.1%
Q3 24
22.8%
Q2 24
-23.4%
-2.8%
Q1 24
20.8%
EPS (diluted)
IMCC
IMCC
NKSH
NKSH
Q4 25
$0.93
Q3 25
$0.69
Q2 25
$0.36
Q1 25
$0.51
Q4 24
$0.50
Q3 24
$0.42
Q2 24
$-0.05
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
IMCC
IMCC
NKSH
NKSH
Cash + ST InvestmentsLiquidity on hand
$579.6K
$59.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$3.0M
$184.9M
Total Assets
$30.0M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IMCC
IMCC
NKSH
NKSH
Q4 25
$59.3M
Q3 25
$42.3M
Q2 25
$579.6K
$92.8M
Q1 25
$122.5M
Q4 24
$108.1M
Q3 24
$49.8M
Q2 24
$511.0K
$98.9M
Q1 24
$121.2M
Stockholders' Equity
IMCC
IMCC
NKSH
NKSH
Q4 25
$184.9M
Q3 25
$179.2M
Q2 25
$3.0M
$168.7M
Q1 25
$167.3M
Q4 24
$156.4M
Q3 24
$167.8M
Q2 24
$4.0M
$149.0M
Q1 24
$139.4M
Total Assets
IMCC
IMCC
NKSH
NKSH
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$30.0M
$1.8B
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$29.4M
$1.8B
Q1 24
$1.7B

Cash Flow & Capital Efficiency

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

Metric
IMCC
IMCC
NKSH
NKSH
Operating Cash FlowLast quarter
$17.9M
Free Cash FlowOCF − Capex
$15.2M
FCF MarginFCF / Revenue
99.2%
Capex IntensityCapex / Revenue
17.9%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IMCC
IMCC
NKSH
NKSH
Q4 25
$17.9M
Q3 25
$6.1M
Q2 25
$2.1M
Q1 25
$2.6M
Q4 24
$9.4M
Q3 24
$3.1M
Q2 24
$-3.0M
Q1 24
$3.8M
Free Cash Flow
IMCC
IMCC
NKSH
NKSH
Q4 25
$15.2M
Q3 25
$5.3M
Q2 25
$1.5M
Q1 25
$1.6M
Q4 24
$6.2M
Q3 24
$2.2M
Q2 24
$-4.0M
Q1 24
$3.5M
FCF Margin
IMCC
IMCC
NKSH
NKSH
Q4 25
99.2%
Q3 25
37.4%
Q2 25
11.5%
Q1 25
12.5%
Q4 24
50.5%
Q3 24
18.5%
Q2 24
-36.3%
Q1 24
33.8%
Capex Intensity
IMCC
IMCC
NKSH
NKSH
Q4 25
17.9%
Q3 25
5.6%
Q2 25
4.1%
Q1 25
7.5%
Q4 24
26.6%
Q3 24
8.3%
Q2 24
9.3%
Q1 24
3.0%
Cash Conversion
IMCC
IMCC
NKSH
NKSH
Q4 25
3.04×
Q3 25
1.38×
Q2 25
0.90×
Q1 25
0.79×
Q4 24
3.07×
Q3 24
1.17×
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

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