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Side-by-side financial comparison of EVERSPIN TECHNOLOGIES INC. (MRAM) 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 $14.9M, roughly 1.0× EVERSPIN TECHNOLOGIES INC.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -2.0%, a 40.5% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs 13.2%). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs 18.2%).
Everspin Technologies, Inc. is a publicly traded semiconductor company headquartered in Chandler, Arizona, United States. It develops and manufactures discrete magnetoresistive RAM or magnetoresistive random-access memory (MRAM) products, including Toggle MRAM and Spin-Transfer Torque MRAM (STT-MRAM) product families. It also licenses its technology for use in embedded MRAM (eMRAM) applications, magnetic sensor applications as well as performs backend foundry services for eMRAM.
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.
MRAM vs NKSH — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $14.9M | $15.3M |
| Net Profit | $-296.0K | $5.9M |
| Gross Margin | 52.7% | — |
| Operating Margin | 29.0% | 47.4% |
| Net Margin | -2.0% | 38.5% |
| Revenue YoY | 13.2% | 24.7% |
| Net Profit YoY | — | 91.0% |
| EPS (diluted) | $-0.01 | $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.
| Q1 26 | $14.9M | — | ||
| Q4 25 | $14.8M | $15.3M | ||
| Q3 25 | $14.1M | $14.2M | ||
| Q2 25 | $13.2M | $13.3M | ||
| Q1 25 | $13.1M | $12.8M | ||
| Q4 24 | $13.2M | $12.2M | ||
| Q3 24 | $12.1M | $11.7M | ||
| Q2 24 | $10.6M | $10.9M |
| Q1 26 | $-296.0K | — | ||
| Q4 25 | $1.2M | $5.9M | ||
| Q3 25 | $54.0K | $4.4M | ||
| Q2 25 | $-670.0K | $2.3M | ||
| Q1 25 | $-1.2M | $3.2M | ||
| Q4 24 | $1.2M | $3.1M | ||
| Q3 24 | $2.3M | $2.7M | ||
| Q2 24 | $-2.5M | $-307.0K |
| Q1 26 | 52.7% | — | ||
| Q4 25 | 50.8% | — | ||
| Q3 25 | 51.3% | — | ||
| Q2 25 | 51.3% | — | ||
| Q1 25 | 51.4% | — | ||
| Q4 24 | 51.3% | — | ||
| Q3 24 | 49.2% | — | ||
| Q2 24 | 49.0% | — |
| Q1 26 | 29.0% | — | ||
| Q4 25 | -7.2% | 47.4% | ||
| Q3 25 | -11.0% | 37.9% | ||
| Q2 25 | -14.9% | 20.0% | ||
| Q1 25 | -14.7% | 30.5% | ||
| Q4 24 | -11.8% | 30.1% | ||
| Q3 24 | -17.5% | 27.5% | ||
| Q2 24 | -26.5% | -4.4% |
| Q1 26 | -2.0% | — | ||
| Q4 25 | 8.1% | 38.5% | ||
| Q3 25 | 0.4% | 31.1% | ||
| Q2 25 | -5.1% | 17.2% | ||
| Q1 25 | -8.9% | 25.3% | ||
| Q4 24 | 9.2% | 25.1% | ||
| Q3 24 | 18.8% | 22.8% | ||
| Q2 24 | -23.5% | -2.8% |
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $0.05 | $0.93 | ||
| Q3 25 | $0.00 | $0.69 | ||
| Q2 25 | $-0.03 | $0.36 | ||
| Q1 25 | $-0.05 | $0.51 | ||
| Q4 24 | $0.07 | $0.50 | ||
| Q3 24 | $0.10 | $0.42 | ||
| Q2 24 | $-0.12 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $40.5M | $59.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $70.2M | $184.9M |
| Total Assets | $83.2M | $1.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $40.5M | — | ||
| Q4 25 | $44.5M | $59.3M | ||
| Q3 25 | $45.3M | $42.3M | ||
| Q2 25 | $45.0M | $92.8M | ||
| Q1 25 | $42.2M | $122.5M | ||
| Q4 24 | $42.1M | $108.1M | ||
| Q3 24 | $39.6M | $49.8M | ||
| Q2 24 | $36.8M | $98.9M |
| Q1 26 | $70.2M | — | ||
| Q4 25 | $68.9M | $184.9M | ||
| Q3 25 | $65.8M | $179.2M | ||
| Q2 25 | $64.1M | $168.7M | ||
| Q1 25 | $63.0M | $167.3M | ||
| Q4 24 | $62.6M | $156.4M | ||
| Q3 24 | $59.3M | $167.8M | ||
| Q2 24 | $55.4M | $149.0M |
| Q1 26 | $83.2M | — | ||
| Q4 25 | $84.6M | $1.8B | ||
| Q3 25 | $80.3M | $1.8B | ||
| Q2 25 | $78.9M | $1.8B | ||
| Q1 25 | $80.2M | $1.8B | ||
| Q4 24 | $77.8M | $1.8B | ||
| Q3 24 | $72.6M | $1.8B | ||
| Q2 24 | $64.6M | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $570.0K | $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.
| Q1 26 | $570.0K | — | ||
| Q4 25 | $2.6M | $17.9M | ||
| Q3 25 | $881.0K | $6.1M | ||
| Q2 25 | $5.0M | $2.1M | ||
| Q1 25 | $1.4M | $2.6M | ||
| Q4 24 | $3.8M | $9.4M | ||
| Q3 24 | $2.8M | $3.1M | ||
| Q2 24 | $1.7M | $-3.0M |
| Q1 26 | — | — | ||
| Q4 25 | $-975.0K | $15.2M | ||
| Q3 25 | $543.0K | $5.3M | ||
| Q2 25 | $3.0M | $1.5M | ||
| Q1 25 | $527.0K | $1.6M | ||
| Q4 24 | $2.1M | $6.2M | ||
| Q3 24 | $2.8M | $2.2M | ||
| Q2 24 | $1.7M | $-4.0M |
| Q1 26 | — | — | ||
| Q4 25 | -6.6% | 99.2% | ||
| Q3 25 | 3.9% | 37.4% | ||
| Q2 25 | 22.9% | 11.5% | ||
| Q1 25 | 4.0% | 12.5% | ||
| Q4 24 | 15.8% | 50.5% | ||
| Q3 24 | 22.9% | 18.5% | ||
| Q2 24 | 15.9% | -36.3% |
| Q1 26 | — | — | ||
| Q4 25 | 24.3% | 17.9% | ||
| Q3 25 | 2.4% | 5.6% | ||
| Q2 25 | 15.1% | 4.1% | ||
| Q1 25 | 6.9% | 7.5% | ||
| Q4 24 | 13.2% | 26.6% | ||
| Q3 24 | 0.5% | 8.3% | ||
| Q2 24 | 0.3% | 9.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.19× | 3.04× | ||
| Q3 25 | 16.31× | 1.38× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.79× | ||
| Q4 24 | 3.16× | 3.07× | ||
| Q3 24 | 1.25× | 1.17× | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MRAM
| Product sales | $14.1M | 95% |
| Licensing, royalty, patent, engineering services and other revenue | $772.0K | 5% |
NKSH
Segment breakdown not available.
