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

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $9.7M, roughly 1.6× Kartoon Studios, Inc.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -54.4%, a 92.9% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs 2.9%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $346.0K). Over the past eight quarters, Kartoon Studios, Inc.'s revenue compounded faster (26.3% 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.

Kartoon Studios, Inc. is an entertainment company headed by Andy Heyward. The company was formed in 2010 as Genius Brands International (GBI) from the merger of Genius Brands International and A Squared Entertainment.

NKSH vs TOON — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.6× larger
NKSH
$15.3M
$9.7M
TOON
Growing faster (revenue YoY)
NKSH
NKSH
+21.8% gap
NKSH
24.7%
2.9%
TOON
Higher net margin
NKSH
NKSH
92.9% more per $
NKSH
38.5%
-54.4%
TOON
More free cash flow
NKSH
NKSH
$14.8M more FCF
NKSH
$15.2M
$346.0K
TOON
Faster 2-yr revenue CAGR
TOON
TOON
Annualised
TOON
26.3%
20.9%
NKSH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NKSH
NKSH
TOON
TOON
Revenue
$15.3M
$9.7M
Net Profit
$5.9M
$-5.3M
Gross Margin
Operating Margin
47.4%
-38.4%
Net Margin
38.5%
-54.4%
Revenue YoY
24.7%
2.9%
Net Profit YoY
91.0%
8.5%
EPS (diluted)
$0.93
$-0.08

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
TOON
TOON
Q4 25
$15.3M
$9.7M
Q3 25
$14.2M
$9.9M
Q2 25
$13.3M
$10.3M
Q1 25
$12.8M
$9.5M
Q4 24
$12.2M
$9.4M
Q3 24
$11.7M
$8.7M
Q2 24
$10.9M
$8.4M
Q1 24
$10.4M
$6.1M
Net Profit
NKSH
NKSH
TOON
TOON
Q4 25
$5.9M
$-5.3M
Q3 25
$4.4M
$-6.6M
Q2 25
$2.3M
$-6.2M
Q1 25
$3.2M
$-6.5M
Q4 24
$3.1M
$-5.8M
Q3 24
$2.7M
$-2.1M
Q2 24
$-307.0K
$-5.9M
Q1 24
$2.2M
$-7.0M
Operating Margin
NKSH
NKSH
TOON
TOON
Q4 25
47.4%
-38.4%
Q3 25
37.9%
-29.3%
Q2 25
20.0%
-31.3%
Q1 25
30.5%
-32.4%
Q4 24
30.1%
-37.1%
Q3 24
27.5%
-29.2%
Q2 24
-4.4%
-55.6%
Q1 24
25.8%
-103.6%
Net Margin
NKSH
NKSH
TOON
TOON
Q4 25
38.5%
-54.4%
Q3 25
31.1%
-66.5%
Q2 25
17.2%
-60.0%
Q1 25
25.3%
-68.7%
Q4 24
25.1%
-61.2%
Q3 24
22.8%
-23.6%
Q2 24
-2.8%
-70.1%
Q1 24
20.8%
-115.9%
EPS (diluted)
NKSH
NKSH
TOON
TOON
Q4 25
$0.93
$-0.08
Q3 25
$0.69
$-0.14
Q2 25
$0.36
$-0.13
Q1 25
$0.51
$-0.14
Q4 24
$0.50
$-0.14
Q3 24
$0.42
$-0.05
Q2 24
$-0.05
$-0.15
Q1 24
$0.37
$-0.20

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
TOON
TOON
Cash + ST InvestmentsLiquidity on hand
$59.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$184.9M
$26.2M
Total Assets
$1.8B
$70.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
TOON
TOON
Q4 25
$59.3M
Q3 25
$42.3M
Q2 25
$92.8M
Q1 25
$122.5M
Q4 24
$108.1M
$100.0K
Q3 24
$49.8M
Q2 24
$98.9M
Q1 24
$121.2M
Stockholders' Equity
NKSH
NKSH
TOON
TOON
Q4 25
$184.9M
$26.2M
Q3 25
$179.2M
$22.6M
Q2 25
$168.7M
$28.4M
Q1 25
$167.3M
$28.6M
Q4 24
$156.4M
$35.0M
Q3 24
$167.8M
$41.2M
Q2 24
$149.0M
$42.7M
Q1 24
$139.4M
$44.8M
Total Assets
NKSH
NKSH
TOON
TOON
Q4 25
$1.8B
$70.9M
Q3 25
$1.8B
$66.7M
Q2 25
$1.8B
$70.0M
Q1 25
$1.8B
$71.7M
Q4 24
$1.8B
$85.5M
Q3 24
$1.8B
$87.3M
Q2 24
$1.8B
$89.0M
Q1 24
$1.7B
$93.3M

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
TOON
TOON
Operating Cash FlowLast quarter
$17.9M
$381.0K
Free Cash FlowOCF − Capex
$15.2M
$346.0K
FCF MarginFCF / Revenue
99.2%
3.6%
Capex IntensityCapex / Revenue
17.9%
0.4%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M
$-11.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
TOON
TOON
Q4 25
$17.9M
$381.0K
Q3 25
$6.1M
$-5.5M
Q2 25
$2.1M
$-4.5M
Q1 25
$2.6M
$-1.8M
Q4 24
$9.4M
$-2.4M
Q3 24
$3.1M
$1.5M
Q2 24
$-3.0M
$-6.5M
Q1 24
$3.8M
$3.8M
Free Cash Flow
NKSH
NKSH
TOON
TOON
Q4 25
$15.2M
$346.0K
Q3 25
$5.3M
$-5.5M
Q2 25
$1.5M
$-4.5M
Q1 25
$1.6M
$-1.8M
Q4 24
$6.2M
$-2.4M
Q3 24
$2.2M
$1.5M
Q2 24
$-4.0M
Q1 24
$3.5M
$3.8M
FCF Margin
NKSH
NKSH
TOON
TOON
Q4 25
99.2%
3.6%
Q3 25
37.4%
-56.0%
Q2 25
11.5%
-44.1%
Q1 25
12.5%
-19.4%
Q4 24
50.5%
-25.6%
Q3 24
18.5%
17.1%
Q2 24
-36.3%
Q1 24
33.8%
62.7%
Capex Intensity
NKSH
NKSH
TOON
TOON
Q4 25
17.9%
0.4%
Q3 25
5.6%
0.4%
Q2 25
4.1%
0.6%
Q1 25
7.5%
0.2%
Q4 24
26.6%
0.5%
Q3 24
8.3%
0.4%
Q2 24
9.3%
0.0%
Q1 24
3.0%
0.6%
Cash Conversion
NKSH
NKSH
TOON
TOON
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.

TOON
TOON

Other$4.6M48%
CA$2.8M29%
Content Distribution$2.2M23%

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