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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and RYTHM, Inc. (RYM). Click either name above to swap in a different company.
NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $10.7M, roughly 1.4× RYTHM, Inc.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -127.6%, a 166.1% gap on every dollar of revenue. On growth, RYTHM, Inc. posted the faster year-over-year revenue change (242.0% vs 24.7%). Over the past eight quarters, RYTHM, Inc.'s revenue compounded faster (102.6% 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.
RYTHM, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing innovative therapies for rare genetic endocrine and metabolic disorders with high unmet medical needs. It primarily operates in the U.S. market, targeting pediatric and adult patient segments that lack standard effective treatment options.
NKSH vs RYM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.3M | $10.7M |
| Net Profit | $5.9M | $-13.6M |
| Gross Margin | — | 75.5% |
| Operating Margin | 47.4% | -121.5% |
| Net Margin | 38.5% | -127.6% |
| Revenue YoY | 24.7% | 242.0% |
| Net Profit YoY | 91.0% | 44.1% |
| EPS (diluted) | $0.93 | $-6.78 |
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 | $10.7M | ||
| Q3 25 | $14.2M | $4.0M | ||
| Q2 25 | $13.3M | $2.0M | ||
| Q1 25 | $12.8M | $538.0K | ||
| Q4 24 | $12.2M | $-7.5M | ||
| Q3 24 | $11.7M | $1.9M | ||
| Q2 24 | $10.9M | $3.0M | ||
| Q1 24 | $10.4M | $2.6M |
| Q4 25 | $5.9M | $-13.6M | ||
| Q3 25 | $4.4M | $-10.7M | ||
| Q2 25 | $2.3M | $-7.4M | ||
| Q1 25 | $3.2M | $-1.6M | ||
| Q4 24 | $3.1M | $-24.4M | ||
| Q3 24 | $2.7M | $-18.7M | ||
| Q2 24 | $-307.0K | $-3.0M | ||
| Q1 24 | $2.2M | $4.2M |
| Q4 25 | — | 75.5% | ||
| Q3 25 | — | 34.0% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 16.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 11.6% | ||
| Q2 24 | — | 37.6% | ||
| Q1 24 | — | 6.4% |
| Q4 25 | 47.4% | -121.5% | ||
| Q3 25 | 37.9% | -219.8% | ||
| Q2 25 | 20.0% | -332.9% | ||
| Q1 25 | 30.5% | -687.9% | ||
| Q4 24 | 30.1% | — | ||
| Q3 24 | 27.5% | -63.1% | ||
| Q2 24 | -4.4% | -28.5% | ||
| Q1 24 | 25.8% | 13.6% |
| Q4 25 | 38.5% | -127.6% | ||
| Q3 25 | 31.1% | -263.8% | ||
| Q2 25 | 17.2% | -360.4% | ||
| Q1 25 | 25.3% | -302.2% | ||
| Q4 24 | 25.1% | 324.4% | ||
| Q3 24 | 22.8% | -964.4% | ||
| Q2 24 | -2.8% | -99.3% | ||
| Q1 24 | 20.8% | 163.0% |
| Q4 25 | $0.93 | $-6.78 | ||
| Q3 25 | $0.69 | $-5.33 | ||
| Q2 25 | $0.36 | $-3.74 | ||
| Q1 25 | $0.51 | $-0.83 | ||
| Q4 24 | $0.50 | $-24.26 | ||
| Q3 24 | $0.42 | $-17.28 | ||
| Q2 24 | $-0.05 | $-3.16 | ||
| Q1 24 | $0.37 | $3.78 |
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 | $32.2M |
| Total DebtLower is stronger | — | $80.6M |
| Stockholders' EquityBook value | $184.9M | $13.0M |
| Total Assets | $1.8B | $106.7M |
| Debt / EquityLower = less leverage | — | 6.19× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.3M | $32.2M | ||
| Q3 25 | $42.3M | — | ||
| Q2 25 | $92.8M | $41.0M | ||
| Q1 25 | $122.5M | $24.4M | ||
| Q4 24 | $108.1M | — | ||
| Q3 24 | $49.8M | $267.0K | ||
| Q2 24 | $98.9M | $57.0K | ||
| Q1 24 | $121.2M | $99.0K |
| Q4 25 | — | $80.6M | ||
| Q3 25 | — | $90.6M | ||
| Q2 25 | — | $40.6M | ||
| Q1 25 | — | $10.6M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $6.2M | ||
| Q2 24 | — | $4.6M | ||
| Q1 24 | — | — |
| Q4 25 | $184.9M | $13.0M | ||
| Q3 25 | $179.2M | $11.7M | ||
| Q2 25 | $168.7M | $21.0M | ||
| Q1 25 | $167.3M | $26.8M | ||
| Q4 24 | $156.4M | $28.1M | ||
| Q3 24 | $167.8M | $5.5M | ||
| Q2 24 | $149.0M | $8.5M | ||
| Q1 24 | $139.4M | $-5.5M |
| Q4 25 | $1.8B | $106.7M | ||
| Q3 25 | $1.8B | $115.2M | ||
| Q2 25 | $1.8B | $69.5M | ||
| Q1 25 | $1.8B | $45.6M | ||
| Q4 24 | $1.8B | $54.0M | ||
| Q3 24 | $1.8B | $39.0M | ||
| Q2 24 | $1.8B | $39.4M | ||
| Q1 24 | $1.7B | $40.6M |
| Q4 25 | — | 6.19× | ||
| Q3 25 | — | 7.73× | ||
| Q2 25 | — | 1.94× | ||
| Q1 25 | — | 0.40× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.13× | ||
| Q2 24 | — | 0.54× | ||
| Q1 24 | — | — |
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 | $-3.0M |
| 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.
| Q4 25 | $17.9M | $-3.0M | ||
| Q3 25 | $6.1M | $-5.4M | ||
| Q2 25 | $2.1M | $-8.4M | ||
| Q1 25 | $2.6M | $-6.7M | ||
| Q4 24 | $9.4M | $-5.3M | ||
| Q3 24 | $3.1M | $-1.4M | ||
| Q2 24 | $-3.0M | $-1.8M | ||
| Q1 24 | $3.8M | $-3.0M |
| Q4 25 | $15.2M | — | ||
| Q3 25 | $5.3M | — | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $1.6M | — | ||
| Q4 24 | $6.2M | — | ||
| Q3 24 | $2.2M | — | ||
| Q2 24 | $-4.0M | $-1.8M | ||
| Q1 24 | $3.5M | $-3.0M |
| Q4 25 | 99.2% | — | ||
| Q3 25 | 37.4% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 12.5% | — | ||
| Q4 24 | 50.5% | — | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | -36.3% | -61.2% | ||
| Q1 24 | 33.8% | -115.1% |
| Q4 25 | 17.9% | — | ||
| Q3 25 | 5.6% | — | ||
| Q2 25 | 4.1% | — | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 8.3% | — | ||
| Q2 24 | 9.3% | 0.1% | ||
| Q1 24 | 3.0% | 0.1% |
| Q4 25 | 3.04× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | 0.79× | — | ||
| Q4 24 | 3.07× | — | ||
| Q3 24 | 1.17× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.77× | -0.71× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NKSH
Segment breakdown not available.
RYM
| Nonlicensing Revenue | $9.5M | 89% |
| Cultivation Business Discontinued Operations | $1.2M | 11% |
