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Side-by-side financial comparison of JOINT Corp (JYNT) 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 $15.2M, roughly 1.0× JOINT Corp). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs 6.5%, a 32.0% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs 3.1%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $334.7K). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs -28.6%).

The Joint Corp is a leading operator and franchisor of chiropractic care clinics primarily serving the U.S. market. It offers accessible, affordable routine chiropractic services, membership-based care plans, and caters to consumers seeking non-invasive musculoskeletal pain management and wellness support.

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.

JYNT vs NKSH — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.0× larger
NKSH
$15.3M
$15.2M
JYNT
Growing faster (revenue YoY)
NKSH
NKSH
+21.6% gap
NKSH
24.7%
3.1%
JYNT
Higher net margin
NKSH
NKSH
32.0% more per $
NKSH
38.5%
6.5%
JYNT
More free cash flow
NKSH
NKSH
$14.8M more FCF
NKSH
$15.2M
$334.7K
JYNT
Faster 2-yr revenue CAGR
NKSH
NKSH
Annualised
NKSH
20.9%
-28.6%
JYNT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
JYNT
JYNT
NKSH
NKSH
Revenue
$15.2M
$15.3M
Net Profit
$991.1K
$5.9M
Gross Margin
81.4%
Operating Margin
4.9%
47.4%
Net Margin
6.5%
38.5%
Revenue YoY
3.1%
24.7%
Net Profit YoY
5510.5%
91.0%
EPS (diluted)
$0.06
$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
JYNT
JYNT
NKSH
NKSH
Q4 25
$15.2M
$15.3M
Q3 25
$13.4M
$14.2M
Q2 25
$13.3M
$13.3M
Q1 25
$13.1M
$12.8M
Q4 24
$14.7M
$12.2M
Q3 24
$30.2M
$11.7M
Q2 24
$30.3M
$10.9M
Q1 24
$29.7M
$10.4M
Net Profit
JYNT
JYNT
NKSH
NKSH
Q4 25
$991.1K
$5.9M
Q3 25
$855.0K
$4.4M
Q2 25
$93.4K
$2.3M
Q1 25
$967.8K
$3.2M
Q4 24
$17.7K
$3.1M
Q3 24
$-3.2M
$2.7M
Q2 24
$-3.6M
$-307.0K
Q1 24
$947.0K
$2.2M
Gross Margin
JYNT
JYNT
NKSH
NKSH
Q4 25
81.4%
Q3 25
80.1%
Q2 25
79.1%
Q1 25
77.3%
Q4 24
78.4%
Q3 24
90.7%
Q2 24
90.7%
Q1 24
90.9%
Operating Margin
JYNT
JYNT
NKSH
NKSH
Q4 25
4.9%
47.4%
Q3 25
1.2%
37.9%
Q2 25
-8.6%
20.0%
Q1 25
-5.2%
30.5%
Q4 24
5.5%
30.1%
Q3 24
-1.6%
27.5%
Q2 24
-5.9%
-4.4%
Q1 24
-1.4%
25.8%
Net Margin
JYNT
JYNT
NKSH
NKSH
Q4 25
6.5%
38.5%
Q3 25
6.4%
31.1%
Q2 25
0.7%
17.2%
Q1 25
7.4%
25.3%
Q4 24
0.1%
25.1%
Q3 24
-10.5%
22.8%
Q2 24
-11.9%
-2.8%
Q1 24
3.2%
20.8%
EPS (diluted)
JYNT
JYNT
NKSH
NKSH
Q4 25
$0.06
$0.93
Q3 25
$0.06
$0.69
Q2 25
$0.01
$0.36
Q1 25
$0.06
$0.51
Q4 24
$0.01
$0.50
Q3 24
$-0.21
$0.42
Q2 24
$-0.24
$-0.05
Q1 24
$0.06
$0.37

Balance Sheet & Financial Strength

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

Metric
JYNT
JYNT
NKSH
NKSH
Cash + ST InvestmentsLiquidity on hand
$23.6M
$59.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$15.1M
$184.9M
Total Assets
$61.0M
$1.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JYNT
JYNT
NKSH
NKSH
Q4 25
$23.6M
$59.3M
Q3 25
$29.7M
$42.3M
Q2 25
$29.8M
$92.8M
Q1 25
$21.9M
$122.5M
Q4 24
$25.1M
$108.1M
Q3 24
$20.7M
$49.8M
Q2 24
$17.5M
$98.9M
Q1 24
$18.7M
$121.2M
Stockholders' Equity
JYNT
JYNT
NKSH
NKSH
Q4 25
$15.1M
$184.9M
Q3 25
$22.7M
$179.2M
Q2 25
$23.2M
$168.7M
Q1 25
$22.8M
$167.3M
Q4 24
$20.7M
$156.4M
Q3 24
$20.5M
$167.8M
Q2 24
$23.2M
$149.0M
Q1 24
$26.2M
$139.4M
Total Assets
JYNT
JYNT
NKSH
NKSH
Q4 25
$61.0M
$1.8B
Q3 25
$69.4M
$1.8B
Q2 25
$73.2M
$1.8B
Q1 25
$80.1M
$1.8B
Q4 24
$83.2M
$1.8B
Q3 24
$79.6M
$1.8B
Q2 24
$82.4M
$1.8B
Q1 24
$85.7M
$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
JYNT
JYNT
NKSH
NKSH
Operating Cash FlowLast quarter
$1.8M
$17.9M
Free Cash FlowOCF − Capex
$334.7K
$15.2M
FCF MarginFCF / Revenue
2.2%
99.2%
Capex IntensityCapex / Revenue
9.9%
17.9%
Cash ConversionOCF / Net Profit
1.86×
3.04×
TTM Free Cash FlowTrailing 4 quarters
$-1.9M
$23.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JYNT
JYNT
NKSH
NKSH
Q4 25
$1.8M
$17.9M
Q3 25
$1.8M
$6.1M
Q2 25
$868.6K
$2.1M
Q1 25
$-3.7M
$2.6M
Q4 24
$9.4M
$9.4M
Q3 24
$3.4M
$3.1M
Q2 24
$-973.5K
$-3.0M
Q1 24
$2.8M
$3.8M
Free Cash Flow
JYNT
JYNT
NKSH
NKSH
Q4 25
$334.7K
$15.2M
Q3 25
$1.5M
$5.3M
Q2 25
$363.6K
$1.5M
Q1 25
$-4.0M
$1.6M
Q4 24
$8.2M
$6.2M
Q3 24
$3.2M
$2.2M
Q2 24
$-1.2M
$-4.0M
Q1 24
$2.4M
$3.5M
FCF Margin
JYNT
JYNT
NKSH
NKSH
Q4 25
2.2%
99.2%
Q3 25
10.9%
37.4%
Q2 25
2.7%
11.5%
Q1 25
-30.8%
12.5%
Q4 24
55.9%
50.5%
Q3 24
10.6%
18.5%
Q2 24
-4.1%
-36.3%
Q1 24
8.1%
33.8%
Capex Intensity
JYNT
JYNT
NKSH
NKSH
Q4 25
9.9%
17.9%
Q3 25
2.4%
5.6%
Q2 25
3.8%
4.1%
Q1 25
2.5%
7.5%
Q4 24
8.1%
26.6%
Q3 24
0.8%
8.3%
Q2 24
0.9%
9.3%
Q1 24
1.3%
3.0%
Cash Conversion
JYNT
JYNT
NKSH
NKSH
Q4 25
1.86×
3.04×
Q3 25
2.07×
1.38×
Q2 25
9.30×
0.90×
Q1 25
-3.82×
0.79×
Q4 24
532.98×
3.07×
Q3 24
1.17×
Q2 24
Q1 24
2.97×
1.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

JYNT
JYNT

Transferred At Point In Time$12.8M84%
Transferred Over Time$2.4M16%

NKSH
NKSH

Segment breakdown not available.

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