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

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $12.5M, roughly 1.2× SOLESENCE, INC.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs 1.3%, a 37.2% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -0.7%). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs 12.5%).

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.

NKSH vs SLSN — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.2× larger
NKSH
$15.3M
$12.5M
SLSN
Growing faster (revenue YoY)
NKSH
NKSH
+25.3% gap
NKSH
24.7%
-0.7%
SLSN
Higher net margin
NKSH
NKSH
37.2% more per $
NKSH
38.5%
1.3%
SLSN
Faster 2-yr revenue CAGR
NKSH
NKSH
Annualised
NKSH
20.9%
12.5%
SLSN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NKSH
NKSH
SLSN
SLSN
Revenue
$15.3M
$12.5M
Net Profit
$5.9M
$163.0K
Gross Margin
27.5%
Operating Margin
47.4%
1.5%
Net Margin
38.5%
1.3%
Revenue YoY
24.7%
-0.7%
Net Profit YoY
91.0%
129.2%
EPS (diluted)
$0.93
$0.00

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
SLSN
SLSN
Q4 25
$15.3M
$12.5M
Q3 25
$14.2M
$14.6M
Q2 25
$13.3M
$20.4M
Q1 25
$12.8M
$14.6M
Q4 24
$12.2M
$12.6M
Q3 24
$11.7M
$16.9M
Q2 24
$10.9M
$13.0M
Q1 24
$10.4M
$9.9M
Net Profit
NKSH
NKSH
SLSN
SLSN
Q4 25
$5.9M
$163.0K
Q3 25
$4.4M
$-1.1M
Q2 25
$2.3M
$2.7M
Q1 25
$3.2M
$80.0K
Q4 24
$3.1M
$-559.0K
Q3 24
$2.7M
$3.0M
Q2 24
$-307.0K
$856.0K
Q1 24
$2.2M
$893.0K
Gross Margin
NKSH
NKSH
SLSN
SLSN
Q4 25
27.5%
Q3 25
23.1%
Q2 25
28.9%
Q1 25
23.1%
Q4 24
22.0%
Q3 24
36.2%
Q2 24
28.7%
Q1 24
36.3%
Operating Margin
NKSH
NKSH
SLSN
SLSN
Q4 25
47.4%
1.5%
Q3 25
37.9%
-5.4%
Q2 25
20.0%
9.4%
Q1 25
30.5%
1.8%
Q4 24
30.1%
-1.8%
Q3 24
27.5%
19.0%
Q2 24
-4.4%
8.0%
Q1 24
25.8%
11.3%
Net Margin
NKSH
NKSH
SLSN
SLSN
Q4 25
38.5%
1.3%
Q3 25
31.1%
-7.7%
Q2 25
17.2%
13.1%
Q1 25
25.3%
0.5%
Q4 24
25.1%
-4.4%
Q3 24
22.8%
18.1%
Q2 24
-2.8%
6.6%
Q1 24
20.8%
9.0%
EPS (diluted)
NKSH
NKSH
SLSN
SLSN
Q4 25
$0.93
$0.00
Q3 25
$0.69
$-0.02
Q2 25
$0.36
$0.04
Q1 25
$0.51
$0.00
Q4 24
$0.50
$0.00
Q3 24
$0.42
$0.04
Q2 24
$-0.05
$0.01
Q1 24
$0.37
$0.02

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
SLSN
SLSN
Cash + ST InvestmentsLiquidity on hand
$59.3M
$1.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$17.6M
Total Assets
$1.8B
$50.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
SLSN
SLSN
Q4 25
$59.3M
$1.3M
Q3 25
$42.3M
$429.0K
Q2 25
$92.8M
$4.1M
Q1 25
$122.5M
$1.8M
Q4 24
$108.1M
$1.4M
Q3 24
$49.8M
$2.9M
Q2 24
$98.9M
$2.4M
Q1 24
$121.2M
$2.0M
Stockholders' Equity
NKSH
NKSH
SLSN
SLSN
Q4 25
$184.9M
$17.6M
Q3 25
$179.2M
$17.2M
Q2 25
$168.7M
$18.2M
Q1 25
$167.3M
$15.2M
Q4 24
$156.4M
$14.9M
Q3 24
$167.8M
$15.2M
Q2 24
$149.0M
$11.9M
Q1 24
$139.4M
$5.0M
Total Assets
NKSH
NKSH
SLSN
SLSN
Q4 25
$1.8B
$50.1M
Q3 25
$1.8B
$54.0M
Q2 25
$1.8B
$60.0M
Q1 25
$1.8B
$57.0M
Q4 24
$1.8B
$50.0M
Q3 24
$1.8B
$48.0M
Q2 24
$1.8B
$40.8M
Q1 24
$1.7B
$38.5M

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
SLSN
SLSN
Operating Cash FlowLast quarter
$17.9M
$1.8M
Free Cash FlowOCF − Capex
$15.2M
FCF MarginFCF / Revenue
99.2%
Capex IntensityCapex / Revenue
17.9%
Cash ConversionOCF / Net Profit
3.04×
11.16×
TTM Free Cash FlowTrailing 4 quarters
$23.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
SLSN
SLSN
Q4 25
$17.9M
$1.8M
Q3 25
$6.1M
$-2.5M
Q2 25
$2.1M
$-654.0K
Q1 25
$2.6M
$-7.2M
Q4 24
$9.4M
$2.2M
Q3 24
$3.1M
$4.2M
Q2 24
$-3.0M
$-565.0K
Q1 24
$3.8M
$-3.9M
Free Cash Flow
NKSH
NKSH
SLSN
SLSN
Q4 25
$15.2M
Q3 25
$5.3M
Q2 25
$1.5M
Q1 25
$1.6M
Q4 24
$6.2M
$-404.0K
Q3 24
$2.2M
$2.8M
Q2 24
$-4.0M
$-1.0M
Q1 24
$3.5M
$-3.9M
FCF Margin
NKSH
NKSH
SLSN
SLSN
Q4 25
99.2%
Q3 25
37.4%
Q2 25
11.5%
Q1 25
12.5%
Q4 24
50.5%
-3.2%
Q3 24
18.5%
16.6%
Q2 24
-36.3%
-8.0%
Q1 24
33.8%
-39.9%
Capex Intensity
NKSH
NKSH
SLSN
SLSN
Q4 25
17.9%
Q3 25
5.6%
Q2 25
4.1%
Q1 25
7.5%
Q4 24
26.6%
20.6%
Q3 24
8.3%
8.3%
Q2 24
9.3%
3.7%
Q1 24
3.0%
0.9%
Cash Conversion
NKSH
NKSH
SLSN
SLSN
Q4 25
3.04×
11.16×
Q3 25
1.38×
Q2 25
0.90×
-0.25×
Q1 25
0.79×
-90.26×
Q4 24
3.07×
Q3 24
1.17×
1.38×
Q2 24
-0.66×
Q1 24
1.77×
-4.32×

Financial Flow Comparison

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

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