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

SYPRIS SOLUTIONS 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 -12.9%, a 51.4% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -9.5%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $-1.5M). Over the past eight quarters, NATIONAL BANKSHARES INC's revenue compounded faster (20.9% CAGR vs -7.7%).

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.

Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.

NKSH vs SYPR — Head-to-Head

Bigger by revenue
SYPR
SYPR
2.0× larger
SYPR
$30.3M
$15.3M
NKSH
Growing faster (revenue YoY)
NKSH
NKSH
+34.2% gap
NKSH
24.7%
-9.5%
SYPR
Higher net margin
NKSH
NKSH
51.4% more per $
NKSH
38.5%
-12.9%
SYPR
More free cash flow
NKSH
NKSH
$16.7M more FCF
NKSH
$15.2M
$-1.5M
SYPR
Faster 2-yr revenue CAGR
NKSH
NKSH
Annualised
NKSH
20.9%
-7.7%
SYPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NKSH
NKSH
SYPR
SYPR
Revenue
$15.3M
$30.3M
Net Profit
$5.9M
$-3.9M
Gross Margin
4.6%
Operating Margin
47.4%
-10.9%
Net Margin
38.5%
-12.9%
Revenue YoY
24.7%
-9.5%
Net Profit YoY
91.0%
-2992.6%
EPS (diluted)
$0.93
$-0.17

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
SYPR
SYPR
Q4 25
$15.3M
$30.3M
Q3 25
$14.2M
$28.7M
Q2 25
$13.3M
$31.4M
Q1 25
$12.8M
$29.5M
Q4 24
$12.2M
$33.4M
Q3 24
$11.7M
$35.7M
Q2 24
$10.9M
$35.5M
Q1 24
$10.4M
$35.6M
Net Profit
NKSH
NKSH
SYPR
SYPR
Q4 25
$5.9M
$-3.9M
Q3 25
$4.4M
$517.0K
Q2 25
$2.3M
$-2.1M
Q1 25
$3.2M
$-899.0K
Q4 24
$3.1M
$135.0K
Q3 24
$2.7M
$390.0K
Q2 24
$-307.0K
$16.0K
Q1 24
$2.2M
$-2.2M
Gross Margin
NKSH
NKSH
SYPR
SYPR
Q4 25
4.6%
Q3 25
7.2%
Q2 25
8.2%
Q1 25
11.4%
Q4 24
16.1%
Q3 24
16.8%
Q2 24
15.9%
Q1 24
8.1%
Operating Margin
NKSH
NKSH
SYPR
SYPR
Q4 25
47.4%
-10.9%
Q3 25
37.9%
-6.1%
Q2 25
20.0%
-4.6%
Q1 25
30.5%
-0.4%
Q4 24
30.1%
3.9%
Q3 24
27.5%
4.8%
Q2 24
-4.4%
3.6%
Q1 24
25.8%
-3.9%
Net Margin
NKSH
NKSH
SYPR
SYPR
Q4 25
38.5%
-12.9%
Q3 25
31.1%
1.8%
Q2 25
17.2%
-6.5%
Q1 25
25.3%
-3.0%
Q4 24
25.1%
0.4%
Q3 24
22.8%
1.1%
Q2 24
-2.8%
0.0%
Q1 24
20.8%
-6.2%
EPS (diluted)
NKSH
NKSH
SYPR
SYPR
Q4 25
$0.93
$-0.17
Q3 25
$0.69
$0.02
Q2 25
$0.36
$-0.09
Q1 25
$0.51
$-0.04
Q4 24
$0.50
$0.00
Q3 24
$0.42
$0.02
Q2 24
$-0.05
$0.00
Q1 24
$0.37
$-0.10

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
SYPR
SYPR
Cash + ST InvestmentsLiquidity on hand
$59.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$17.8M
Total Assets
$1.8B
$107.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
SYPR
SYPR
Q4 25
$59.3M
Q3 25
$42.3M
Q2 25
$92.8M
Q1 25
$122.5M
Q4 24
$108.1M
Q3 24
$49.8M
Q2 24
$98.9M
Q1 24
$121.2M
Stockholders' Equity
NKSH
NKSH
SYPR
SYPR
Q4 25
$184.9M
$17.8M
Q3 25
$179.2M
$20.0M
Q2 25
$168.7M
$18.7M
Q1 25
$167.3M
$19.0M
Q4 24
$156.4M
$19.6M
Q3 24
$167.8M
$18.2M
Q2 24
$149.0M
$19.0M
Q1 24
$139.4M
$20.8M
Total Assets
NKSH
NKSH
SYPR
SYPR
Q4 25
$1.8B
$107.8M
Q3 25
$1.8B
$112.5M
Q2 25
$1.8B
$105.8M
Q1 25
$1.8B
$110.2M
Q4 24
$1.8B
$119.4M
Q3 24
$1.8B
$121.6M
Q2 24
$1.8B
$124.2M
Q1 24
$1.7B
$129.0M

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
SYPR
SYPR
Operating Cash FlowLast quarter
$17.9M
$-1.1M
Free Cash FlowOCF − Capex
$15.2M
$-1.5M
FCF MarginFCF / Revenue
99.2%
-5.0%
Capex IntensityCapex / Revenue
17.9%
1.3%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M
$-6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
SYPR
SYPR
Q4 25
$17.9M
$-1.1M
Q3 25
$6.1M
$-178.0K
Q2 25
$2.1M
$1.1M
Q1 25
$2.6M
$-5.5M
Q4 24
$9.4M
$2.3M
Q3 24
$3.1M
$-4.8M
Q2 24
$-3.0M
$6.2M
Q1 24
$3.8M
$-1.7M
Free Cash Flow
NKSH
NKSH
SYPR
SYPR
Q4 25
$15.2M
$-1.5M
Q3 25
$5.3M
$-390.0K
Q2 25
$1.5M
$941.0K
Q1 25
$1.6M
$-5.5M
Q4 24
$6.2M
$1.9M
Q3 24
$2.2M
$-4.9M
Q2 24
$-4.0M
$6.0M
Q1 24
$3.5M
$-2.0M
FCF Margin
NKSH
NKSH
SYPR
SYPR
Q4 25
99.2%
-5.0%
Q3 25
37.4%
-1.4%
Q2 25
11.5%
3.0%
Q1 25
12.5%
-18.8%
Q4 24
50.5%
5.7%
Q3 24
18.5%
-13.8%
Q2 24
-36.3%
16.8%
Q1 24
33.8%
-5.7%
Capex Intensity
NKSH
NKSH
SYPR
SYPR
Q4 25
17.9%
1.3%
Q3 25
5.6%
0.7%
Q2 25
4.1%
0.5%
Q1 25
7.5%
0.0%
Q4 24
26.6%
1.2%
Q3 24
8.3%
0.4%
Q2 24
9.3%
0.5%
Q1 24
3.0%
0.9%
Cash Conversion
NKSH
NKSH
SYPR
SYPR
Q4 25
3.04×
Q3 25
1.38×
-0.34×
Q2 25
0.90×
Q1 25
0.79×
Q4 24
3.07×
17.13×
Q3 24
1.17×
-12.21×
Q2 24
385.25×
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.

SYPR
SYPR

Sypris Electronics$17.7M59%
Transferred At Point In Time$12.5M41%

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