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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and SS Innovations International, Inc. (SSII). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $14.5M, roughly 1.1× SS Innovations International, Inc.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -17.0%, a 55.5% gap on every dollar of revenue. On growth, SS Innovations International, Inc. posted the faster year-over-year revenue change (79.1% vs 24.7%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $-3.2M). Over the past eight quarters, SS Innovations International, Inc.'s revenue compounded faster (99.9% 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.

SS Innovations International, Inc. is a global medical technology enterprise specializing in the research, development and manufacturing of innovative surgical robotic systems. It provides high-precision, accessible robotic platforms for minimally invasive surgery, catering to healthcare facilities across multiple regions to boost surgical outcomes and cut procedural burdens.

NKSH vs SSII — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.1× larger
NKSH
$15.3M
$14.5M
SSII
Growing faster (revenue YoY)
SSII
SSII
+54.4% gap
SSII
79.1%
24.7%
NKSH
Higher net margin
NKSH
NKSH
55.5% more per $
NKSH
38.5%
-17.0%
SSII
More free cash flow
NKSH
NKSH
$18.4M more FCF
NKSH
$15.2M
$-3.2M
SSII
Faster 2-yr revenue CAGR
SSII
SSII
Annualised
SSII
99.9%
20.9%
NKSH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NKSH
NKSH
SSII
SSII
Revenue
$15.3M
$14.5M
Net Profit
$5.9M
$-2.5M
Gross Margin
43.9%
Operating Margin
47.4%
-3.7%
Net Margin
38.5%
-17.0%
Revenue YoY
24.7%
79.1%
Net Profit YoY
91.0%
-28.5%
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.

Revenue
NKSH
NKSH
SSII
SSII
Q4 25
$15.3M
$14.5M
Q3 25
$14.2M
$12.8M
Q2 25
$13.3M
$10.0M
Q1 25
$12.8M
$5.1M
Q4 24
$12.2M
$8.1M
Q3 24
$11.7M
$4.4M
Q2 24
$10.9M
$4.5M
Q1 24
$10.4M
$3.6M
Net Profit
NKSH
NKSH
SSII
SSII
Q4 25
$5.9M
$-2.5M
Q3 25
$4.4M
$-3.7M
Q2 25
$2.3M
$-256.7K
Q1 25
$3.2M
$-5.7M
Q4 24
$3.1M
$-1.9M
Q3 24
$2.7M
$-3.2M
Q2 24
$-307.0K
$-4.1M
Q1 24
$2.2M
$-9.8M
Gross Margin
NKSH
NKSH
SSII
SSII
Q4 25
43.9%
Q3 25
48.1%
Q2 25
59.1%
Q1 25
21.2%
Q4 24
48.9%
Q3 24
52.8%
Q2 24
31.9%
Q1 24
20.0%
Operating Margin
NKSH
NKSH
SSII
SSII
Q4 25
47.4%
-3.7%
Q3 25
37.9%
-14.3%
Q2 25
20.0%
1.0%
Q1 25
30.5%
-115.6%
Q4 24
30.1%
-22.7%
Q3 24
27.5%
-73.1%
Q2 24
-4.4%
-90.9%
Q1 24
25.8%
-270.3%
Net Margin
NKSH
NKSH
SSII
SSII
Q4 25
38.5%
-17.0%
Q3 25
31.1%
-29.0%
Q2 25
17.2%
-2.6%
Q1 25
25.3%
-111.0%
Q4 24
25.1%
-23.7%
Q3 24
22.8%
-74.0%
Q2 24
-2.8%
-91.8%
Q1 24
20.8%
-270.5%
EPS (diluted)
NKSH
NKSH
SSII
SSII
Q4 25
$0.93
$-0.01
Q3 25
$0.69
$-0.02
Q2 25
$0.36
$0.00
Q1 25
$0.51
$-0.03
Q4 24
$0.50
$-0.01
Q3 24
$0.42
$-0.02
Q2 24
$-0.05
$-0.02
Q1 24
$0.37
$-0.06

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
SSII
SSII
Cash + ST InvestmentsLiquidity on hand
$59.3M
$3.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$38.2M
Total Assets
$1.8B
$74.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
SSII
SSII
Q4 25
$59.3M
$3.2M
Q3 25
$42.3M
$5.7M
Q2 25
$92.8M
$11.4M
Q1 25
$122.5M
$15.9M
Q4 24
$108.1M
$466.5K
Q3 24
$49.8M
$220.4K
Q2 24
$98.9M
$608.2K
Q1 24
$121.2M
$948.1K
Stockholders' Equity
NKSH
NKSH
SSII
SSII
Q4 25
$184.9M
$38.2M
Q3 25
$179.2M
$39.6M
Q2 25
$168.7M
$42.0M
Q1 25
$167.3M
$40.6M
Q4 24
$156.4M
$13.5M
Q3 24
$167.8M
$13.7M
Q2 24
$149.0M
$14.8M
Q1 24
$139.4M
$16.7M
Total Assets
NKSH
NKSH
SSII
SSII
Q4 25
$1.8B
$74.2M
Q3 25
$1.8B
$69.6M
Q2 25
$1.8B
$70.0M
Q1 25
$1.8B
$63.5M
Q4 24
$1.8B
$42.4M
Q3 24
$1.8B
$39.0M
Q2 24
$1.8B
$35.7M
Q1 24
$1.7B
$35.2M

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
SSII
SSII
Operating Cash FlowLast quarter
$17.9M
$-1.5M
Free Cash FlowOCF − Capex
$15.2M
$-3.2M
FCF MarginFCF / Revenue
99.2%
-22.3%
Capex IntensityCapex / Revenue
17.9%
11.8%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M
$-22.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
SSII
SSII
Q4 25
$17.9M
$-1.5M
Q3 25
$6.1M
$-7.5M
Q2 25
$2.1M
$-3.5M
Q1 25
$2.6M
$-6.1M
Q4 24
$9.4M
$-3.3M
Q3 24
$3.1M
$-2.5M
Q2 24
$-3.0M
$-1.0M
Q1 24
$3.8M
$-2.7M
Free Cash Flow
NKSH
NKSH
SSII
SSII
Q4 25
$15.2M
$-3.2M
Q3 25
$5.3M
$-8.2M
Q2 25
$1.5M
$-3.8M
Q1 25
$1.6M
$-7.0M
Q4 24
$6.2M
$-3.4M
Q3 24
$2.2M
$-4.2M
Q2 24
$-4.0M
$-3.1M
Q1 24
$3.5M
$-2.8M
FCF Margin
NKSH
NKSH
SSII
SSII
Q4 25
99.2%
-22.3%
Q3 25
37.4%
-64.1%
Q2 25
11.5%
-37.7%
Q1 25
12.5%
-136.2%
Q4 24
50.5%
-41.7%
Q3 24
18.5%
-96.9%
Q2 24
-36.3%
-69.5%
Q1 24
33.8%
-76.9%
Capex Intensity
NKSH
NKSH
SSII
SSII
Q4 25
17.9%
11.8%
Q3 25
5.6%
5.9%
Q2 25
4.1%
3.2%
Q1 25
7.5%
17.0%
Q4 24
26.6%
1.5%
Q3 24
8.3%
38.8%
Q2 24
9.3%
46.8%
Q1 24
3.0%
3.5%
Cash Conversion
NKSH
NKSH
SSII
SSII
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×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NKSH
NKSH

Segment breakdown not available.

SSII
SSII

System Sales$13.4M92%
Other$1.2M8%

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