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

REGENXBIO Inc. is the larger business by last-quarter revenue ($30.3M vs $15.3M, roughly 2.0× NATIONAL BANKSHARES INC). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -221.3%, a 259.9% gap on every dollar of revenue. On growth, REGENXBIO Inc. posted the faster year-over-year revenue change (43.0% vs 24.7%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $-52.8M). Over the past eight quarters, REGENXBIO Inc.'s revenue compounded faster (39.4% 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.

REGENXBIO Inc. is a clinical-stage biotechnology firm focused on gene therapy for rare severe genetic diseases. It licenses its proprietary AAV vector technology to global biopharma partners, and advances its own pipeline targeting ophthalmology, metabolic and neurodegenerative disorders.

NKSH vs RGNX — Head-to-Head

Bigger by revenue
RGNX
RGNX
2.0× larger
RGNX
$30.3M
$15.3M
NKSH
Growing faster (revenue YoY)
RGNX
RGNX
+18.3% gap
RGNX
43.0%
24.7%
NKSH
Higher net margin
NKSH
NKSH
259.9% more per $
NKSH
38.5%
-221.3%
RGNX
More free cash flow
NKSH
NKSH
$68.0M more FCF
NKSH
$15.2M
$-52.8M
RGNX
Faster 2-yr revenue CAGR
RGNX
RGNX
Annualised
RGNX
39.4%
20.9%
NKSH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NKSH
NKSH
RGNX
RGNX
Revenue
$15.3M
$30.3M
Net Profit
$5.9M
$-67.1M
Gross Margin
Operating Margin
47.4%
-190.0%
Net Margin
38.5%
-221.3%
Revenue YoY
24.7%
43.0%
Net Profit YoY
91.0%
-31.2%
EPS (diluted)
$0.93
$-1.30

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
RGNX
RGNX
Q4 25
$15.3M
$30.3M
Q3 25
$14.2M
$29.7M
Q2 25
$13.3M
$21.4M
Q1 25
$12.8M
$89.0M
Q4 24
$12.2M
$21.2M
Q3 24
$11.7M
$24.2M
Q2 24
$10.9M
$22.3M
Q1 24
$10.4M
$15.6M
Net Profit
NKSH
NKSH
RGNX
RGNX
Q4 25
$5.9M
$-67.1M
Q3 25
$4.4M
$-61.9M
Q2 25
$2.3M
$-70.9M
Q1 25
$3.2M
$6.1M
Q4 24
$3.1M
$-51.2M
Q3 24
$2.7M
$-59.6M
Q2 24
$-307.0K
$-53.0M
Q1 24
$2.2M
$-63.3M
Gross Margin
NKSH
NKSH
RGNX
RGNX
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
70.2%
Q3 24
48.8%
Q2 24
52.5%
Q1 24
72.6%
Operating Margin
NKSH
NKSH
RGNX
RGNX
Q4 25
47.4%
-190.0%
Q3 25
37.9%
-176.3%
Q2 25
20.0%
-296.3%
Q1 25
30.5%
13.6%
Q4 24
30.1%
-242.1%
Q3 24
27.5%
-256.6%
Q2 24
-4.4%
-251.3%
Q1 24
25.8%
-408.8%
Net Margin
NKSH
NKSH
RGNX
RGNX
Q4 25
38.5%
-221.3%
Q3 25
31.1%
-208.3%
Q2 25
17.2%
-331.8%
Q1 25
25.3%
6.8%
Q4 24
25.1%
-241.3%
Q3 24
22.8%
-246.3%
Q2 24
-2.8%
-237.7%
Q1 24
20.8%
-405.4%
EPS (diluted)
NKSH
NKSH
RGNX
RGNX
Q4 25
$0.93
$-1.30
Q3 25
$0.69
$-1.20
Q2 25
$0.36
$-1.38
Q1 25
$0.51
$0.12
Q4 24
$0.50
$-0.99
Q3 24
$0.42
$-1.17
Q2 24
$-0.05
$-1.05
Q1 24
$0.37
$-1.38

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
RGNX
RGNX
Cash + ST InvestmentsLiquidity on hand
$59.3M
$230.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$102.7M
Total Assets
$1.8B
$453.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
RGNX
RGNX
Q4 25
$59.3M
$230.1M
Q3 25
$42.3M
$274.2M
Q2 25
$92.8M
$323.3M
Q1 25
$122.5M
$267.9M
Q4 24
$108.1M
$234.7M
Q3 24
$49.8M
$255.5M
Q2 24
$98.9M
$290.4M
Q1 24
$121.2M
$338.7M
Stockholders' Equity
NKSH
NKSH
RGNX
RGNX
Q4 25
$184.9M
$102.7M
Q3 25
$179.2M
$161.5M
Q2 25
$168.7M
$213.7M
Q1 25
$167.3M
$274.2M
Q4 24
$156.4M
$259.7M
Q3 24
$167.8M
$301.4M
Q2 24
$149.0M
$348.3M
Q1 24
$139.4M
$390.7M
Total Assets
NKSH
NKSH
RGNX
RGNX
Q4 25
$1.8B
$453.0M
Q3 25
$1.8B
$525.2M
Q2 25
$1.8B
$581.0M
Q1 25
$1.8B
$490.9M
Q4 24
$1.8B
$466.0M
Q3 24
$1.8B
$519.1M
Q2 24
$1.8B
$569.4M
Q1 24
$1.7B
$629.2M

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
RGNX
RGNX
Operating Cash FlowLast quarter
$17.9M
$-52.3M
Free Cash FlowOCF − Capex
$15.2M
$-52.8M
FCF MarginFCF / Revenue
99.2%
-174.0%
Capex IntensityCapex / Revenue
17.9%
1.7%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M
$-126.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
RGNX
RGNX
Q4 25
$17.9M
$-52.3M
Q3 25
$6.1M
$-56.0M
Q2 25
$2.1M
$-49.3M
Q1 25
$2.6M
$33.6M
Q4 24
$9.4M
$-31.6M
Q3 24
$3.1M
$-40.5M
Q2 24
$-3.0M
$-45.5M
Q1 24
$3.8M
$-55.5M
Free Cash Flow
NKSH
NKSH
RGNX
RGNX
Q4 25
$15.2M
$-52.8M
Q3 25
$5.3M
$-56.5M
Q2 25
$1.5M
$-49.7M
Q1 25
$1.6M
$32.6M
Q4 24
$6.2M
$-32.7M
Q3 24
$2.2M
$-40.9M
Q2 24
$-4.0M
$-46.0M
Q1 24
$3.5M
$-56.0M
FCF Margin
NKSH
NKSH
RGNX
RGNX
Q4 25
99.2%
-174.0%
Q3 25
37.4%
-189.9%
Q2 25
11.5%
-232.8%
Q1 25
12.5%
36.6%
Q4 24
50.5%
-154.2%
Q3 24
18.5%
-168.9%
Q2 24
-36.3%
-206.2%
Q1 24
33.8%
-358.5%
Capex Intensity
NKSH
NKSH
RGNX
RGNX
Q4 25
17.9%
1.7%
Q3 25
5.6%
1.7%
Q2 25
4.1%
1.8%
Q1 25
7.5%
1.2%
Q4 24
26.6%
5.1%
Q3 24
8.3%
1.3%
Q2 24
9.3%
2.1%
Q1 24
3.0%
3.6%
Cash Conversion
NKSH
NKSH
RGNX
RGNX
Q4 25
3.04×
Q3 25
1.38×
Q2 25
0.90×
Q1 25
0.79×
5.53×
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
NKSH

Segment breakdown not available.

RGNX
RGNX

Novartis Gene Therapies$24.2M80%
Nippon Shinyaku Collaboration And License Agreement$4.3M14%
Nippon Shinyaku Services$1.4M5%

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