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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.
R F INDUSTRIES LTD is the larger business by last-quarter revenue ($22.7M vs $15.3M, roughly 1.5× NATIONAL BANKSHARES INC). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs 0.8%, a 37.7% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs 22.9%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $2.0M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% CAGR vs 20.9%).
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.
Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.
NKSH vs RFIL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.3M | $22.7M |
| Net Profit | $5.9M | $173.0K |
| Gross Margin | — | 36.8% |
| Operating Margin | 47.4% | 4.0% |
| Net Margin | 38.5% | 0.8% |
| Revenue YoY | 24.7% | 22.9% |
| Net Profit YoY | 91.0% | 172.7% |
| 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.
| Q4 25 | $15.3M | $22.7M | ||
| Q3 25 | $14.2M | $19.8M | ||
| Q2 25 | $13.3M | $18.9M | ||
| Q1 25 | $12.8M | $19.2M | ||
| Q4 24 | $12.2M | $18.5M | ||
| Q3 24 | $11.7M | $16.8M | ||
| Q2 24 | $10.9M | $16.1M | ||
| Q1 24 | $10.4M | $13.5M |
| Q4 25 | $5.9M | $173.0K | ||
| Q3 25 | $4.4M | $392.0K | ||
| Q2 25 | $2.3M | $-245.0K | ||
| Q1 25 | $3.2M | $-245.0K | ||
| Q4 24 | $3.1M | $-238.0K | ||
| Q3 24 | $2.7M | $-705.0K | ||
| Q2 24 | $-307.0K | $-4.3M | ||
| Q1 24 | $2.2M | $-1.4M |
| Q4 25 | — | 36.8% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 31.5% | ||
| Q1 25 | — | 29.8% | ||
| Q4 24 | — | 31.3% | ||
| Q3 24 | — | 29.5% | ||
| Q2 24 | — | 29.9% | ||
| Q1 24 | — | 24.5% |
| Q4 25 | 47.4% | 4.0% | ||
| Q3 25 | 37.9% | 3.6% | ||
| Q2 25 | 20.0% | 0.6% | ||
| Q1 25 | 30.5% | 0.3% | ||
| Q4 24 | 30.1% | 0.5% | ||
| Q3 24 | 27.5% | -2.5% | ||
| Q2 24 | -4.4% | -2.6% | ||
| Q1 24 | 25.8% | -15.5% |
| Q4 25 | 38.5% | 0.8% | ||
| Q3 25 | 31.1% | 2.0% | ||
| Q2 25 | 17.2% | -1.3% | ||
| Q1 25 | 25.3% | -1.3% | ||
| Q4 24 | 25.1% | -1.3% | ||
| Q3 24 | 22.8% | -4.2% | ||
| Q2 24 | -2.8% | -26.7% | ||
| Q1 24 | 20.8% | -10.1% |
| Q4 25 | $0.93 | $0.01 | ||
| Q3 25 | $0.69 | $0.04 | ||
| Q2 25 | $0.36 | $-0.02 | ||
| Q1 25 | $0.51 | $-0.02 | ||
| Q4 24 | $0.50 | $-0.02 | ||
| Q3 24 | $0.42 | $-0.07 | ||
| Q2 24 | $-0.05 | $-0.41 | ||
| Q1 24 | $0.37 | $-0.13 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $59.3M | $5.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $184.9M | $35.2M |
| Total Assets | $1.8B | $73.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.3M | $5.1M | ||
| Q3 25 | $42.3M | $3.0M | ||
| Q2 25 | $92.8M | $3.6M | ||
| Q1 25 | $122.5M | $1.3M | ||
| Q4 24 | $108.1M | $839.0K | ||
| Q3 24 | $49.8M | $1.8M | ||
| Q2 24 | $98.9M | $1.4M | ||
| Q1 24 | $121.2M | $4.5M |
| Q4 25 | $184.9M | $35.2M | ||
| Q3 25 | $179.2M | $34.8M | ||
| Q2 25 | $168.7M | $34.2M | ||
| Q1 25 | $167.3M | $34.2M | ||
| Q4 24 | $156.4M | $34.1M | ||
| Q3 24 | $167.8M | $34.1M | ||
| Q2 24 | $149.0M | $34.6M | ||
| Q1 24 | $139.4M | $38.7M |
| Q4 25 | $1.8B | $73.0M | ||
| Q3 25 | $1.8B | $73.2M | ||
| Q2 25 | $1.8B | $72.7M | ||
| Q1 25 | $1.8B | $70.4M | ||
| Q4 24 | $1.8B | $71.0M | ||
| Q3 24 | $1.8B | $71.9M | ||
| Q2 24 | $1.8B | $72.8M | ||
| Q1 24 | $1.7B | $79.1M |
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 | $17.9M | $2.1M |
| Free Cash FlowOCF − Capex | $15.2M | $2.0M |
| FCF MarginFCF / Revenue | 99.2% | 9.0% |
| Capex IntensityCapex / Revenue | 17.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.04× | 12.13× |
| TTM Free Cash FlowTrailing 4 quarters | $23.6M | $4.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.9M | $2.1M | ||
| Q3 25 | $6.1M | $-311.0K | ||
| Q2 25 | $2.1M | $2.2M | ||
| Q1 25 | $2.6M | $601.0K | ||
| Q4 24 | $9.4M | $-244.0K | ||
| Q3 24 | $3.1M | $2.4M | ||
| Q2 24 | $-3.0M | $197.0K | ||
| Q1 24 | $3.8M | $840.0K |
| Q4 25 | $15.2M | $2.0M | ||
| Q3 25 | $5.3M | $-419.0K | ||
| Q2 25 | $1.5M | $2.2M | ||
| Q1 25 | $1.6M | $574.0K | ||
| Q4 24 | $6.2M | $-418.0K | ||
| Q3 24 | $2.2M | $2.1M | ||
| Q2 24 | $-4.0M | $28.0K | ||
| Q1 24 | $3.5M | $697.0K |
| Q4 25 | 99.2% | 9.0% | ||
| Q3 25 | 37.4% | -2.1% | ||
| Q2 25 | 11.5% | 11.4% | ||
| Q1 25 | 12.5% | 3.0% | ||
| Q4 24 | 50.5% | -2.3% | ||
| Q3 24 | 18.5% | 12.6% | ||
| Q2 24 | -36.3% | 0.2% | ||
| Q1 24 | 33.8% | 5.2% |
| Q4 25 | 17.9% | 0.3% | ||
| Q3 25 | 5.6% | 0.5% | ||
| Q2 25 | 4.1% | 0.2% | ||
| Q1 25 | 7.5% | 0.1% | ||
| Q4 24 | 26.6% | 0.9% | ||
| Q3 24 | 8.3% | 1.5% | ||
| Q2 24 | 9.3% | 1.0% | ||
| Q1 24 | 3.0% | 1.1% |
| Q4 25 | 3.04× | 12.13× | ||
| Q3 25 | 1.38× | -0.79× | ||
| 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.
Revenue Breakdown by Segment
NKSH
Segment breakdown not available.
RFIL
| US | $20.9M | 92% |
| Non Us | $1.8M | 8% |
