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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and Village Farms International, Inc. (VFF). Click either name above to swap in a different company.
NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $12.2M, roughly 1.2× Village Farms International, Inc.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs 19.9%, a 18.6% gap on every dollar of revenue. On growth, Village Farms International, Inc. posted the faster year-over-year revenue change (31.5% vs 24.7%).
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.
Grafton Village Cheese Company is a cheesemaker in the town of Grafton in the U.S. state of Vermont. The company produces hand-crafted aged cheddar cheese.
NKSH vs VFF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $15.3M | $12.2M |
| Net Profit | $5.9M | $2.4M |
| Gross Margin | — | — |
| Operating Margin | 47.4% | — |
| Net Margin | 38.5% | 19.9% |
| Revenue YoY | 24.7% | 31.5% |
| Net Profit YoY | 91.0% | 128.2% |
| 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.
| Q4 25 | $15.3M | $12.2M | ||
| Q3 25 | $14.2M | $66.7M | ||
| Q2 25 | $13.3M | $59.9M | ||
| Q1 25 | $12.8M | $77.1M | ||
| Q4 24 | $12.2M | — | ||
| Q3 24 | $11.7M | $54.9M | ||
| Q2 24 | $10.9M | $53.6M | ||
| Q1 24 | $10.4M | $78.1M |
| Q4 25 | $5.9M | $2.4M | ||
| Q3 25 | $4.4M | $10.2M | ||
| Q2 25 | $2.3M | $26.5M | ||
| Q1 25 | $3.2M | $-6.7M | ||
| Q4 24 | $3.1M | — | ||
| Q3 24 | $2.7M | $-820.0K | ||
| Q2 24 | $-307.0K | $-23.5M | ||
| Q1 24 | $2.2M | $-2.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 47.9% | ||
| Q2 25 | — | 37.3% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 24.8% | ||
| Q2 24 | — | 25.4% | ||
| Q1 24 | — | 19.9% |
| Q4 25 | 47.4% | — | ||
| Q3 25 | 37.9% | 23.3% | ||
| Q2 25 | 20.0% | 20.8% | ||
| Q1 25 | 30.5% | -8.0% | ||
| Q4 24 | 30.1% | — | ||
| Q3 24 | 27.5% | 3.8% | ||
| Q2 24 | -4.4% | -43.5% | ||
| Q1 24 | 25.8% | -3.0% |
| Q4 25 | 38.5% | 19.9% | ||
| Q3 25 | 31.1% | 15.3% | ||
| Q2 25 | 17.2% | 44.2% | ||
| Q1 25 | 25.3% | -8.7% | ||
| Q4 24 | 25.1% | — | ||
| Q3 24 | 22.8% | -1.5% | ||
| Q2 24 | -2.8% | -43.9% | ||
| Q1 24 | 20.8% | -3.7% |
| Q4 25 | $0.93 | $0.01 | ||
| Q3 25 | $0.69 | $0.08 | ||
| Q2 25 | $0.36 | $0.24 | ||
| Q1 25 | $0.51 | $-0.06 | ||
| Q4 24 | $0.50 | — | ||
| Q3 24 | $0.42 | $-0.01 | ||
| Q2 24 | $-0.05 | $-0.21 | ||
| Q1 24 | $0.37 | $-0.03 |
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 | $81.2M |
| Total DebtLower is stronger | — | $33.7M |
| Stockholders' EquityBook value | $184.9M | $299.9M |
| Total Assets | $1.8B | $423.1M |
| Debt / EquityLower = less leverage | — | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.3M | $81.2M | ||
| Q3 25 | $42.3M | $82.6M | ||
| Q2 25 | $92.8M | $60.0M | ||
| Q1 25 | $122.5M | $15.1M | ||
| Q4 24 | $108.1M | — | ||
| Q3 24 | $49.8M | $28.7M | ||
| Q2 24 | $98.9M | $29.7M | ||
| Q1 24 | $121.2M | $26.7M |
| Q4 25 | — | $33.7M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $39.1M | ||
| Q1 25 | — | $39.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $43.3M | ||
| Q2 24 | — | $44.4M | ||
| Q1 24 | — | $46.1M |
| Q4 25 | $184.9M | $299.9M | ||
| Q3 25 | $179.2M | $295.4M | ||
| Q2 25 | $168.7M | $284.3M | ||
| Q1 25 | $167.3M | $248.3M | ||
| Q4 24 | $156.4M | — | ||
| Q3 24 | $167.8M | $274.4M | ||
| Q2 24 | $149.0M | $275.2M | ||
| Q1 24 | $139.4M | $296.2M |
| Q4 25 | $1.8B | $423.1M | ||
| Q3 25 | $1.8B | $418.4M | ||
| Q2 25 | $1.8B | $403.7M | ||
| Q1 25 | $1.8B | $377.1M | ||
| Q4 24 | $1.8B | — | ||
| Q3 24 | $1.8B | $417.8M | ||
| Q2 24 | $1.8B | $425.4M | ||
| Q1 24 | $1.7B | $458.4M |
| Q4 25 | — | 0.11× | ||
| Q3 25 | — | 0.12× | ||
| Q2 25 | — | 0.14× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.16× | ||
| Q2 24 | — | 0.16× | ||
| Q1 24 | — | 0.16× |
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 | — |
| Free Cash FlowOCF − Capex | $15.2M | — |
| FCF MarginFCF / Revenue | 99.2% | — |
| Capex IntensityCapex / Revenue | 17.9% | 90.8% |
| Cash ConversionOCF / Net Profit | 3.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $23.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $17.9M | — | ||
| Q3 25 | $6.1M | $24.4M | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $2.6M | $-6.4M | ||
| Q4 24 | $9.4M | — | ||
| Q3 24 | $3.1M | $4.3M | ||
| Q2 24 | $-3.0M | $5.7M | ||
| Q1 24 | $3.8M | $-50.0K |
| Q4 25 | $15.2M | — | ||
| Q3 25 | $5.3M | $22.6M | ||
| Q2 25 | $1.5M | — | ||
| Q1 25 | $1.6M | $-8.9M | ||
| Q4 24 | $6.2M | — | ||
| Q3 24 | $2.2M | $1.5M | ||
| Q2 24 | $-4.0M | $4.8M | ||
| Q1 24 | $3.5M | $-1.9M |
| Q4 25 | 99.2% | — | ||
| Q3 25 | 37.4% | 33.9% | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 12.5% | -11.6% | ||
| Q4 24 | 50.5% | — | ||
| Q3 24 | 18.5% | 2.7% | ||
| Q2 24 | -36.3% | 9.0% | ||
| Q1 24 | 33.8% | -2.5% |
| Q4 25 | 17.9% | 90.8% | ||
| Q3 25 | 5.6% | 2.7% | ||
| Q2 25 | 4.1% | 4.6% | ||
| Q1 25 | 7.5% | 3.3% | ||
| Q4 24 | 26.6% | — | ||
| Q3 24 | 8.3% | 5.1% | ||
| Q2 24 | 9.3% | 1.6% | ||
| Q1 24 | 3.0% | 2.4% |
| Q4 25 | 3.04× | — | ||
| Q3 25 | 1.38× | 2.39× | ||
| 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
Segment breakdown not available.
VFF
| International Sales | $8.7M | 71% |
| Cannabis United States Segment | $3.4M | 27% |
