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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $13.4M, roughly 1.1× Outdoor Holding Co). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs 16.7%, a 21.9% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -54.1%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $5.0M).

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.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

NKSH vs POWW — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.1× larger
NKSH
$15.3M
$13.4M
POWW
Growing faster (revenue YoY)
NKSH
NKSH
+78.8% gap
NKSH
24.7%
-54.1%
POWW
Higher net margin
NKSH
NKSH
21.9% more per $
NKSH
38.5%
16.7%
POWW
More free cash flow
NKSH
NKSH
$10.1M more FCF
NKSH
$15.2M
$5.0M
POWW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
NKSH
NKSH
POWW
POWW
Revenue
$15.3M
$13.4M
Net Profit
$5.9M
$2.2M
Gross Margin
87.1%
Operating Margin
47.4%
14.7%
Net Margin
38.5%
16.7%
Revenue YoY
24.7%
-54.1%
Net Profit YoY
91.0%
108.5%
EPS (diluted)
$0.93
$0.01

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
POWW
POWW
Q4 25
$15.3M
$13.4M
Q3 25
$14.2M
$12.0M
Q2 25
$13.3M
$11.9M
Q1 25
$12.8M
$12.6M
Q4 24
$12.2M
$12.5M
Q3 24
$11.7M
$12.0M
Q2 24
$10.9M
$12.3M
Q1 24
$10.4M
$-50.7M
Net Profit
NKSH
NKSH
POWW
POWW
Q4 25
$5.9M
$2.2M
Q3 25
$4.4M
$1.4M
Q2 25
$2.3M
$-6.5M
Q1 25
$3.2M
$-77.5M
Q4 24
$3.1M
$-26.1M
Q3 24
$2.7M
$-12.4M
Q2 24
$-307.0K
$-14.8M
Q1 24
$2.2M
$-5.2M
Gross Margin
NKSH
NKSH
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
NKSH
NKSH
POWW
POWW
Q4 25
47.4%
14.7%
Q3 25
37.9%
5.9%
Q2 25
20.0%
-50.7%
Q1 25
30.5%
-213.6%
Q4 24
30.1%
-163.8%
Q3 24
27.5%
-50.3%
Q2 24
-4.4%
-50.8%
Q1 24
25.8%
Net Margin
NKSH
NKSH
POWW
POWW
Q4 25
38.5%
16.7%
Q3 25
31.1%
11.7%
Q2 25
17.2%
-54.5%
Q1 25
25.3%
-614.5%
Q4 24
25.1%
-208.7%
Q3 24
22.8%
-103.7%
Q2 24
-2.8%
-120.2%
Q1 24
20.8%
10.3%
EPS (diluted)
NKSH
NKSH
POWW
POWW
Q4 25
$0.93
$0.01
Q3 25
$0.69
$0.01
Q2 25
$0.36
$-0.06
Q1 25
$0.51
$-0.67
Q4 24
$0.50
$-0.23
Q3 24
$0.42
$-0.11
Q2 24
$-0.05
$-0.13
Q1 24
$0.37
$-0.05

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$59.3M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$237.3M
Total Assets
$1.8B
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
POWW
POWW
Q4 25
$59.3M
$69.9M
Q3 25
$42.3M
$65.7M
Q2 25
$92.8M
$63.4M
Q1 25
$122.5M
$30.2M
Q4 24
$108.1M
$31.9M
Q3 24
$49.8M
$33.5M
Q2 24
$98.9M
$50.8M
Q1 24
$121.2M
$55.6M
Stockholders' Equity
NKSH
NKSH
POWW
POWW
Q4 25
$184.9M
$237.3M
Q3 25
$179.2M
$235.4M
Q2 25
$168.7M
$222.5M
Q1 25
$167.3M
$222.0M
Q4 24
$156.4M
$299.6M
Q3 24
$167.8M
$325.6M
Q2 24
$149.0M
$342.5M
Q1 24
$139.4M
$358.0M
Total Assets
NKSH
NKSH
POWW
POWW
Q4 25
$1.8B
$271.7M
Q3 25
$1.8B
$270.3M
Q2 25
$1.8B
$269.5M
Q1 25
$1.8B
$297.3M
Q4 24
$1.8B
$355.4M
Q3 24
$1.8B
$368.9M
Q2 24
$1.8B
$398.6M
Q1 24
$1.7B
$403.0M

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
POWW
POWW
Operating Cash FlowLast quarter
$17.9M
$5.7M
Free Cash FlowOCF − Capex
$15.2M
$5.0M
FCF MarginFCF / Revenue
99.2%
37.6%
Capex IntensityCapex / Revenue
17.9%
4.8%
Cash ConversionOCF / Net Profit
3.04×
2.55×
TTM Free Cash FlowTrailing 4 quarters
$23.6M
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
POWW
POWW
Q4 25
$17.9M
$5.7M
Q3 25
$6.1M
$3.2M
Q2 25
$2.1M
$-6.7M
Q1 25
$2.6M
$-1.5M
Q4 24
$9.4M
$1.3M
Q3 24
$3.1M
$-9.3M
Q2 24
$-3.0M
$-547.5K
Q1 24
$3.8M
$4.3M
Free Cash Flow
NKSH
NKSH
POWW
POWW
Q4 25
$15.2M
$5.0M
Q3 25
$5.3M
$2.5M
Q2 25
$1.5M
$-7.6M
Q1 25
$1.6M
$-2.3M
Q4 24
$6.2M
$720.3K
Q3 24
$2.2M
$-10.6M
Q2 24
$-4.0M
$-1.3M
Q1 24
$3.5M
$1.4M
FCF Margin
NKSH
NKSH
POWW
POWW
Q4 25
99.2%
37.6%
Q3 25
37.4%
21.0%
Q2 25
11.5%
-63.8%
Q1 25
12.5%
-18.6%
Q4 24
50.5%
5.8%
Q3 24
18.5%
-88.3%
Q2 24
-36.3%
-11.0%
Q1 24
33.8%
-2.8%
Capex Intensity
NKSH
NKSH
POWW
POWW
Q4 25
17.9%
4.8%
Q3 25
5.6%
5.8%
Q2 25
4.1%
7.5%
Q1 25
7.5%
6.5%
Q4 24
26.6%
4.4%
Q3 24
8.3%
10.4%
Q2 24
9.3%
6.5%
Q1 24
3.0%
-5.7%
Cash Conversion
NKSH
NKSH
POWW
POWW
Q4 25
3.04×
2.55×
Q3 25
1.38×
2.29×
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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