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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and Spire Global, Inc. (SPIR). Click either name above to swap in a different company.
Spire Global, Inc. is the larger business by last-quarter revenue ($15.8M vs $15.3M, roughly 1.0× NATIONAL BANKSHARES INC). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -176.6%, a 215.1% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -26.9%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $-16.2M). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs -32.6%).
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.
Spire Global, Inc. is a space-to-cloud data and analytics company that specializes in the tracking of global data sets powered by a large constellation of nanosatellites, such as the tracking of maritime, aviation and weather patterns.
NKSH vs SPIR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.3M | $15.8M |
| Net Profit | $5.9M | $-28.0M |
| Gross Margin | — | 40.2% |
| Operating Margin | 47.4% | -164.1% |
| Net Margin | 38.5% | -176.6% |
| Revenue YoY | 24.7% | -26.9% |
| Net Profit YoY | 91.0% | 42.7% |
| EPS (diluted) | $0.93 | $-0.85 |
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 | $15.8M | ||
| Q3 25 | $14.2M | $12.7M | ||
| Q2 25 | $13.3M | $19.2M | ||
| Q1 25 | $12.8M | $23.9M | ||
| Q4 24 | $12.2M | $21.7M | ||
| Q3 24 | $11.7M | $28.6M | ||
| Q2 24 | $10.9M | $25.4M | ||
| Q1 24 | $10.4M | $34.8M |
| Q4 25 | $5.9M | $-28.0M | ||
| Q3 25 | $4.4M | $-19.7M | ||
| Q2 25 | $2.3M | $119.6M | ||
| Q1 25 | $3.2M | $-20.7M | ||
| Q4 24 | $3.1M | $-48.8M | ||
| Q3 24 | $2.7M | $-12.5M | ||
| Q2 24 | $-307.0K | $-16.6M | ||
| Q1 24 | $2.2M | $-25.5M |
| Q4 25 | — | 40.2% | ||
| Q3 25 | — | 36.6% | ||
| Q2 25 | — | 48.9% | ||
| Q1 25 | — | 36.8% | ||
| Q4 24 | — | 32.4% | ||
| Q3 24 | — | 44.5% | ||
| Q2 24 | — | 43.0% | ||
| Q1 24 | — | 26.5% |
| Q4 25 | 47.4% | -164.1% | ||
| Q3 25 | 37.9% | -166.1% | ||
| Q2 25 | 20.0% | -122.7% | ||
| Q1 25 | 30.5% | -106.5% | ||
| Q4 24 | 30.1% | -144.1% | ||
| Q3 24 | 27.5% | -48.0% | ||
| Q2 24 | -4.4% | -48.6% | ||
| Q1 24 | 25.8% | -34.4% |
| Q4 25 | 38.5% | -176.6% | ||
| Q3 25 | 31.1% | -155.3% | ||
| Q2 25 | 17.2% | 623.4% | ||
| Q1 25 | 25.3% | -86.5% | ||
| Q4 24 | 25.1% | -225.2% | ||
| Q3 24 | 22.8% | -43.7% | ||
| Q2 24 | -2.8% | -65.2% | ||
| Q1 24 | 20.8% | -73.3% |
| Q4 25 | $0.93 | $-0.85 | ||
| Q3 25 | $0.69 | $-0.61 | ||
| Q2 25 | $0.36 | $3.72 | ||
| Q1 25 | $0.51 | $-0.77 | ||
| Q4 24 | $0.50 | $-1.93 | ||
| Q3 24 | $0.42 | $-0.50 | ||
| Q2 24 | $-0.05 | $-0.68 | ||
| Q1 24 | $0.37 | $-1.17 |
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 | $81.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $184.9M | $112.9M |
| Total Assets | $1.8B | $211.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.3M | $81.8M | ||
| Q3 25 | $42.3M | $96.8M | ||
| Q2 25 | $92.8M | $117.6M | ||
| Q1 25 | $122.5M | $35.9M | ||
| Q4 24 | $108.1M | $19.2M | ||
| Q3 24 | $49.8M | $36.6M | ||
| Q2 24 | $98.9M | $45.8M | ||
| Q1 24 | $121.2M | $63.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $103.7M | ||
| Q4 24 | — | $103.1M | ||
| Q3 24 | — | $4.9M | ||
| Q2 24 | — | $4.9M | ||
| Q1 24 | — | $123.1M |
| Q4 25 | $184.9M | $112.9M | ||
| Q3 25 | $179.2M | $133.1M | ||
| Q2 25 | $168.7M | $149.2M | ||
| Q1 25 | $167.3M | $3.7M | ||
| Q4 24 | $156.4M | $-11.7M | ||
| Q3 24 | $167.8M | $30.8M | ||
| Q2 24 | $149.0M | $40.3M | ||
| Q1 24 | $139.4M | $52.5M |
| Q4 25 | $1.8B | $211.0M | ||
| Q3 25 | $1.8B | $224.3M | ||
| Q2 25 | $1.8B | $239.5M | ||
| Q1 25 | $1.8B | $208.8M | ||
| Q4 24 | $1.8B | $193.6M | ||
| Q3 24 | $1.8B | $224.2M | ||
| Q2 24 | $1.8B | $230.8M | ||
| Q1 24 | $1.7B | $252.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 27.92× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.12× | ||
| Q1 24 | — | 2.35× |
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 | $-4.3M |
| Free Cash FlowOCF − Capex | $15.2M | $-16.2M |
| FCF MarginFCF / Revenue | 99.2% | -102.1% |
| Capex IntensityCapex / Revenue | 17.9% | 75.1% |
| Cash ConversionOCF / Net Profit | 3.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $23.6M | $-92.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.9M | $-4.3M | ||
| Q3 25 | $6.1M | $-12.0M | ||
| Q2 25 | $2.1M | $-35.1M | ||
| Q1 25 | $2.6M | $-8.4M | ||
| Q4 24 | $9.4M | $-19.2M | ||
| Q3 24 | $3.1M | $14.0M | ||
| Q2 24 | $-3.0M | $-4.4M | ||
| Q1 24 | $3.8M | $-8.8M |
| Q4 25 | $15.2M | $-16.2M | ||
| Q3 25 | $5.3M | $-20.4M | ||
| Q2 25 | $1.5M | $-38.7M | ||
| Q1 25 | $1.6M | $-17.3M | ||
| Q4 24 | $6.2M | $-24.3M | ||
| Q3 24 | $2.2M | $5.1M | ||
| Q2 24 | $-4.0M | $-9.9M | ||
| Q1 24 | $3.5M | $-15.9M |
| Q4 25 | 99.2% | -102.1% | ||
| Q3 25 | 37.4% | -161.3% | ||
| Q2 25 | 11.5% | -201.7% | ||
| Q1 25 | 12.5% | -72.6% | ||
| Q4 24 | 50.5% | -112.2% | ||
| Q3 24 | 18.5% | 17.8% | ||
| Q2 24 | -36.3% | -39.0% | ||
| Q1 24 | 33.8% | -45.7% |
| Q4 25 | 17.9% | 75.1% | ||
| Q3 25 | 5.6% | 66.2% | ||
| Q2 25 | 4.1% | 18.8% | ||
| Q1 25 | 7.5% | 37.3% | ||
| Q4 24 | 26.6% | 23.5% | ||
| Q3 24 | 8.3% | 31.2% | ||
| Q2 24 | 9.3% | 21.8% | ||
| Q1 24 | 3.0% | 20.3% |
| Q4 25 | 3.04× | — | ||
| Q3 25 | 1.38× | — | ||
| Q2 25 | 0.90× | -0.29× | ||
| 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.
