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Side-by-side financial comparison of iPower Inc. (IPW) and LCNB CORP (LCNB). Click either name above to swap in a different company.

LCNB CORP is the larger business by last-quarter revenue ($23.9M vs $12.0M, roughly 2.0× iPower Inc.). On growth, LCNB CORP posted the faster year-over-year revenue change (5.1% vs -36.8%).

American Electric Power Company, Inc. is an American domestic electric utility company in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states.

LCNB Corp is a United States-based financial holding company that operates through its national bank subsidiary, providing a full suite of retail and commercial banking products and services including deposit accounts, various loan products, wealth management, and insurance solutions primarily to individual consumers, small and medium-sized enterprises and local community organizations across regional markets in Ohio.

IPW vs LCNB — Head-to-Head

Bigger by revenue
LCNB
LCNB
2.0× larger
LCNB
$23.9M
$12.0M
IPW
Growing faster (revenue YoY)
LCNB
LCNB
+41.9% gap
LCNB
5.1%
-36.8%
IPW

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
IPW
IPW
LCNB
LCNB
Revenue
$12.0M
$23.9M
Net Profit
$5.7M
Gross Margin
40.0%
Operating Margin
-14.1%
29.2%
Net Margin
23.7%
Revenue YoY
-36.8%
5.1%
Net Profit YoY
-7.6%
EPS (diluted)
$-0.51
$0.40

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
IPW
IPW
LCNB
LCNB
Q4 25
$23.9M
Q3 25
$12.0M
$23.8M
Q2 25
$22.8M
Q1 25
$21.5M
Q4 24
$22.7M
Q3 24
$21.4M
Q2 24
$19.3M
Q1 24
$17.8M
Net Profit
IPW
IPW
LCNB
LCNB
Q4 25
$5.7M
Q3 25
$6.9M
Q2 25
$5.9M
Q1 25
$4.6M
Q4 24
$6.1M
Q3 24
$4.5M
Q2 24
$925.0K
Q1 24
$1.9M
Gross Margin
IPW
IPW
LCNB
LCNB
Q4 25
Q3 25
40.0%
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
IPW
IPW
LCNB
LCNB
Q4 25
29.2%
Q3 25
-14.1%
35.6%
Q2 25
31.6%
Q1 25
25.6%
Q4 24
32.9%
Q3 24
24.9%
Q2 24
4.9%
Q1 24
12.5%
Net Margin
IPW
IPW
LCNB
LCNB
Q4 25
23.7%
Q3 25
29.1%
Q2 25
26.0%
Q1 25
21.4%
Q4 24
27.0%
Q3 24
21.2%
Q2 24
4.8%
Q1 24
10.7%
EPS (diluted)
IPW
IPW
LCNB
LCNB
Q4 25
$0.40
Q3 25
$-0.51
$0.49
Q2 25
$0.41
Q1 25
$0.33
Q4 24
$0.44
Q3 24
$0.31
Q2 24
$0.07
Q1 24
$0.15

Balance Sheet & Financial Strength

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

Metric
IPW
IPW
LCNB
LCNB
Cash + ST InvestmentsLiquidity on hand
$904.0K
$21.6M
Total DebtLower is stronger
$104.4M
Stockholders' EquityBook value
$17.9M
$273.9M
Total Assets
$28.6M
$2.2B
Debt / EquityLower = less leverage
0.38×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPW
IPW
LCNB
LCNB
Q4 25
$21.6M
Q3 25
$904.0K
$35.9M
Q2 25
$49.8M
Q1 25
$37.7M
Q4 24
$35.7M
Q3 24
$39.4M
Q2 24
$34.9M
Q1 24
$33.0M
Total Debt
IPW
IPW
LCNB
LCNB
Q4 25
$104.4M
Q3 25
$104.7M
Q2 25
$105.0M
Q1 25
$104.6M
Q4 24
$155.2M
Q3 24
$155.7M
Q2 24
$162.2M
Q1 24
$162.6M
Stockholders' Equity
IPW
IPW
LCNB
LCNB
Q4 25
$273.9M
Q3 25
$17.9M
$269.9M
Q2 25
$263.5M
Q1 25
$258.7M
Q4 24
$253.0M
Q3 24
$253.2M
Q2 24
$245.2M
Q1 24
$233.7M
Total Assets
IPW
IPW
LCNB
LCNB
Q4 25
$2.2B
Q3 25
$28.6M
$2.2B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.4B
Q1 24
$2.3B
Debt / Equity
IPW
IPW
LCNB
LCNB
Q4 25
0.38×
Q3 25
0.39×
Q2 25
0.40×
Q1 25
0.40×
Q4 24
0.61×
Q3 24
0.61×
Q2 24
0.66×
Q1 24
0.70×

Cash Flow & Capital Efficiency

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

Metric
IPW
IPW
LCNB
LCNB
Operating Cash FlowLast quarter
$1.7M
$34.4M
Free Cash FlowOCF − Capex
$33.4M
FCF MarginFCF / Revenue
140.2%
Capex IntensityCapex / Revenue
4.0%
Cash ConversionOCF / Net Profit
6.08×
TTM Free Cash FlowTrailing 4 quarters
$54.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPW
IPW
LCNB
LCNB
Q4 25
$34.4M
Q3 25
$1.7M
$14.0M
Q2 25
$5.5M
Q1 25
$2.2M
Q4 24
$93.2M
Q3 24
$11.9M
Q2 24
$54.9M
Q1 24
$-11.9M
Free Cash Flow
IPW
IPW
LCNB
LCNB
Q4 25
$33.4M
Q3 25
$13.7M
Q2 25
$5.2M
Q1 25
$2.1M
Q4 24
$89.4M
Q3 24
$10.5M
Q2 24
$53.8M
Q1 24
$-12.8M
FCF Margin
IPW
IPW
LCNB
LCNB
Q4 25
140.2%
Q3 25
57.4%
Q2 25
23.0%
Q1 25
10.0%
Q4 24
394.0%
Q3 24
49.0%
Q2 24
278.6%
Q1 24
-71.8%
Capex Intensity
IPW
IPW
LCNB
LCNB
Q4 25
4.0%
Q3 25
1.3%
Q2 25
1.0%
Q1 25
0.3%
Q4 24
16.7%
Q3 24
6.7%
Q2 24
5.9%
Q1 24
4.8%
Cash Conversion
IPW
IPW
LCNB
LCNB
Q4 25
6.08×
Q3 25
2.02×
Q2 25
0.92×
Q1 25
0.48×
Q4 24
15.23×
Q3 24
2.63×
Q2 24
59.35×
Q1 24
-6.24×

Financial Flow Comparison

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

Revenue Breakdown by Segment

IPW
IPW

Products$10.5M87%
Services$1.5M13%

LCNB
LCNB

Segment breakdown not available.

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