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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and Protalix BioTherapeutics, Inc. (PLX). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $9.1M, roughly 1.7× Protalix BioTherapeutics, Inc.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -60.3%, a 98.8% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -49.9%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $1.6M). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs -6.7%).

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.

Protalix BioTherapeutics is an Israeli pharmaceutical company that manufactures a plant-based enzyme, taliglucerase alfa, which has received U.S. Food and Drug Administration approval for the treatment of Gaucher disease.

NKSH vs PLX — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.7× larger
NKSH
$15.3M
$9.1M
PLX
Growing faster (revenue YoY)
NKSH
NKSH
+74.6% gap
NKSH
24.7%
-49.9%
PLX
Higher net margin
NKSH
NKSH
98.8% more per $
NKSH
38.5%
-60.3%
PLX
More free cash flow
NKSH
NKSH
$13.5M more FCF
NKSH
$15.2M
$1.6M
PLX
Faster 2-yr revenue CAGR
NKSH
NKSH
Annualised
NKSH
20.9%
-6.7%
PLX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NKSH
NKSH
PLX
PLX
Revenue
$15.3M
$9.1M
Net Profit
$5.9M
$-5.5M
Gross Margin
49.4%
Operating Margin
47.4%
-51.1%
Net Margin
38.5%
-60.3%
Revenue YoY
24.7%
-49.9%
Net Profit YoY
91.0%
-184.8%
EPS (diluted)
$0.93
$-0.06

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
NKSH
NKSH
PLX
PLX
Q4 25
$15.3M
$9.1M
Q3 25
$14.2M
$17.9M
Q2 25
$13.3M
$15.7M
Q1 25
$12.8M
$10.1M
Q4 24
$12.2M
$18.2M
Q3 24
$11.7M
$18.0M
Q2 24
$10.9M
$13.5M
Q1 24
$10.4M
Net Profit
NKSH
NKSH
PLX
PLX
Q4 25
$5.9M
$-5.5M
Q3 25
$4.4M
$2.4M
Q2 25
$2.3M
$164.0K
Q1 25
$3.2M
$-3.6M
Q4 24
$3.1M
$6.5M
Q3 24
$2.7M
$3.2M
Q2 24
$-307.0K
$-2.2M
Q1 24
$2.2M
Gross Margin
NKSH
NKSH
PLX
PLX
Q4 25
49.4%
Q3 25
53.4%
Q2 25
62.5%
Q1 25
19.1%
Q4 24
78.7%
Q3 24
53.4%
Q2 24
29.8%
Q1 24
Operating Margin
NKSH
NKSH
PLX
PLX
Q4 25
47.4%
-51.1%
Q3 25
37.9%
11.9%
Q2 25
20.0%
7.5%
Q1 25
30.5%
-41.0%
Q4 24
30.1%
39.6%
Q3 24
27.5%
22.2%
Q2 24
-4.4%
-18.0%
Q1 24
25.8%
Net Margin
NKSH
NKSH
PLX
PLX
Q4 25
38.5%
-60.3%
Q3 25
31.1%
13.2%
Q2 25
17.2%
1.0%
Q1 25
25.3%
-35.8%
Q4 24
25.1%
35.6%
Q3 24
22.8%
18.0%
Q2 24
-2.8%
-16.4%
Q1 24
20.8%
EPS (diluted)
NKSH
NKSH
PLX
PLX
Q4 25
$0.93
$-0.06
Q3 25
$0.69
$0.03
Q2 25
$0.36
$0.00
Q1 25
$0.51
$-0.05
Q4 24
$0.50
$0.10
Q3 24
$0.42
$0.03
Q2 24
$-0.05
$-0.03
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
PLX
PLX
Cash + ST InvestmentsLiquidity on hand
$59.3M
$14.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$48.2M
Total Assets
$1.8B
$82.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
PLX
PLX
Q4 25
$59.3M
$14.7M
Q3 25
$42.3M
$13.6M
Q2 25
$92.8M
$17.9M
Q1 25
$122.5M
$19.5M
Q4 24
$108.1M
$19.8M
Q3 24
$49.8M
$27.4M
Q2 24
$98.9M
$23.4M
Q1 24
$121.2M
Stockholders' Equity
NKSH
NKSH
PLX
PLX
Q4 25
$184.9M
$48.2M
Q3 25
$179.2M
$52.9M
Q2 25
$168.7M
$49.9M
Q1 25
$167.3M
$45.2M
Q4 24
$156.4M
$43.2M
Q3 24
$167.8M
$32.4M
Q2 24
$149.0M
$28.6M
Q1 24
$139.4M
Total Assets
NKSH
NKSH
PLX
PLX
Q4 25
$1.8B
$82.3M
Q3 25
$1.8B
$82.3M
Q2 25
$1.8B
$78.5M
Q1 25
$1.8B
$73.9M
Q4 24
$1.8B
$73.4M
Q3 24
$1.8B
$61.6M
Q2 24
$1.8B
$91.5M
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
NKSH
NKSH
PLX
PLX
Operating Cash FlowLast quarter
$17.9M
$2.0M
Free Cash FlowOCF − Capex
$15.2M
$1.6M
FCF MarginFCF / Revenue
99.2%
17.8%
Capex IntensityCapex / Revenue
17.9%
4.4%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M
$-13.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
PLX
PLX
Q4 25
$17.9M
$2.0M
Q3 25
$6.1M
$-3.7M
Q2 25
$2.1M
$-5.2M
Q1 25
$2.6M
$-5.1M
Q4 24
$9.4M
$4.0M
Q3 24
$3.1M
$4.1M
Q2 24
$-3.0M
$-3.6M
Q1 24
$3.8M
Free Cash Flow
NKSH
NKSH
PLX
PLX
Q4 25
$15.2M
$1.6M
Q3 25
$5.3M
$-4.2M
Q2 25
$1.5M
$-5.7M
Q1 25
$1.6M
$-5.4M
Q4 24
$6.2M
$3.6M
Q3 24
$2.2M
$4.0M
Q2 24
$-4.0M
$-3.8M
Q1 24
$3.5M
FCF Margin
NKSH
NKSH
PLX
PLX
Q4 25
99.2%
17.8%
Q3 25
37.4%
-23.7%
Q2 25
11.5%
-36.2%
Q1 25
12.5%
-53.0%
Q4 24
50.5%
19.6%
Q3 24
18.5%
22.4%
Q2 24
-36.3%
-28.1%
Q1 24
33.8%
Capex Intensity
NKSH
NKSH
PLX
PLX
Q4 25
17.9%
4.4%
Q3 25
5.6%
2.8%
Q2 25
4.1%
2.8%
Q1 25
7.5%
3.0%
Q4 24
26.6%
2.3%
Q3 24
8.3%
0.5%
Q2 24
9.3%
1.3%
Q1 24
3.0%
Cash Conversion
NKSH
NKSH
PLX
PLX
Q4 25
3.04×
Q3 25
1.38×
-1.58×
Q2 25
0.90×
-31.91×
Q1 25
0.79×
Q4 24
3.07×
0.61×
Q3 24
1.17×
1.27×
Q2 24
Q1 24
1.77×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NKSH
NKSH

Segment breakdown not available.

PLX
PLX

Products$8.7M95%
Other$428.0K5%

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