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Side-by-side financial comparison of NATIONAL BANKSHARES INC (NKSH) and WESTPORT FUEL SYSTEMS INC. (WPRT). Click either name above to swap in a different company.

NATIONAL BANKSHARES INC is the larger business by last-quarter revenue ($15.3M vs $12.5M, roughly 1.2× WESTPORT FUEL SYSTEMS INC.). NATIONAL BANKSHARES INC runs the higher net margin — 38.5% vs -274.8%, a 313.3% gap on every dollar of revenue. On growth, NATIONAL BANKSHARES INC posted the faster year-over-year revenue change (24.7% vs -11.4%). NATIONAL BANKSHARES INC produced more free cash flow last quarter ($15.2M vs $-6.4M).

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.

Westport Innovations is a company that develops alternative fuel, low-emissions technologies to allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), hydrogen and biofuels such as landfill gas. Headquartered in Vancouver, British Columbia, Canada, where the company was founded, Westport also has facilities in France, Sweden, Italy, China, Australia and the United States.

NKSH vs WPRT — Head-to-Head

Bigger by revenue
NKSH
NKSH
1.2× larger
NKSH
$15.3M
$12.5M
WPRT
Growing faster (revenue YoY)
NKSH
NKSH
+36.1% gap
NKSH
24.7%
-11.4%
WPRT
Higher net margin
NKSH
NKSH
313.3% more per $
NKSH
38.5%
-274.8%
WPRT
More free cash flow
NKSH
NKSH
$21.6M more FCF
NKSH
$15.2M
$-6.4M
WPRT

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
NKSH
NKSH
WPRT
WPRT
Revenue
$15.3M
$12.5M
Net Profit
$5.9M
$-34.3M
Gross Margin
6.7%
Operating Margin
47.4%
-8.1%
Net Margin
38.5%
-274.8%
Revenue YoY
24.7%
-11.4%
Net Profit YoY
91.0%
-690.4%
EPS (diluted)
$0.93
$-1.98

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
WPRT
WPRT
Q4 25
$15.3M
Q3 25
$14.2M
Q2 25
$13.3M
$12.5M
Q1 25
$12.8M
Q4 24
$12.2M
Q3 24
$11.7M
$4.9M
Q2 24
$10.9M
$14.1M
Q1 24
$10.4M
Net Profit
NKSH
NKSH
WPRT
WPRT
Q4 25
$5.9M
Q3 25
$4.4M
Q2 25
$2.3M
$-34.3M
Q1 25
$3.2M
Q4 24
$3.1M
Q3 24
$2.7M
$-3.9M
Q2 24
$-307.0K
$5.8M
Q1 24
$2.2M
Gross Margin
NKSH
NKSH
WPRT
WPRT
Q4 25
Q3 25
Q2 25
6.7%
Q1 25
Q4 24
Q3 24
13.6%
Q2 24
16.7%
Q1 24
Operating Margin
NKSH
NKSH
WPRT
WPRT
Q4 25
47.4%
Q3 25
37.9%
Q2 25
20.0%
-8.1%
Q1 25
30.5%
Q4 24
30.1%
Q3 24
27.5%
-43.9%
Q2 24
-4.4%
-54.9%
Q1 24
25.8%
Net Margin
NKSH
NKSH
WPRT
WPRT
Q4 25
38.5%
Q3 25
31.1%
Q2 25
17.2%
-274.8%
Q1 25
25.3%
Q4 24
25.1%
Q3 24
22.8%
-79.3%
Q2 24
-2.8%
41.2%
Q1 24
20.8%
EPS (diluted)
NKSH
NKSH
WPRT
WPRT
Q4 25
$0.93
Q3 25
$0.69
Q2 25
$0.36
$-1.98
Q1 25
$0.51
Q4 24
$0.50
Q3 24
$0.42
$-0.22
Q2 24
$-0.05
$0.34
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
NKSH
NKSH
WPRT
WPRT
Cash + ST InvestmentsLiquidity on hand
$59.3M
$6.1M
Total DebtLower is stronger
$977.0K
Stockholders' EquityBook value
$184.9M
$108.9M
Total Assets
$1.8B
$272.1M
Debt / EquityLower = less leverage
0.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NKSH
NKSH
WPRT
WPRT
Q4 25
$59.3M
Q3 25
$42.3M
Q2 25
$92.8M
$6.1M
Q1 25
$122.5M
Q4 24
$108.1M
Q3 24
$49.8M
Q2 24
$98.9M
Q1 24
$121.2M
Total Debt
NKSH
NKSH
WPRT
WPRT
Q4 25
Q3 25
Q2 25
$977.0K
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
NKSH
NKSH
WPRT
WPRT
Q4 25
$184.9M
Q3 25
$179.2M
Q2 25
$168.7M
$108.9M
Q1 25
$167.3M
Q4 24
$156.4M
Q3 24
$167.8M
$149.3M
Q2 24
$149.0M
$151.5M
Q1 24
$139.4M
Total Assets
NKSH
NKSH
WPRT
WPRT
Q4 25
$1.8B
Q3 25
$1.8B
Q2 25
$1.8B
$272.1M
Q1 25
$1.8B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.8B
Q1 24
$1.7B
Debt / Equity
NKSH
NKSH
WPRT
WPRT
Q4 25
Q3 25
Q2 25
0.01×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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
WPRT
WPRT
Operating Cash FlowLast quarter
$17.9M
$-5.6M
Free Cash FlowOCF − Capex
$15.2M
$-6.4M
FCF MarginFCF / Revenue
99.2%
-51.6%
Capex IntensityCapex / Revenue
17.9%
6.6%
Cash ConversionOCF / Net Profit
3.04×
TTM Free Cash FlowTrailing 4 quarters
$23.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NKSH
NKSH
WPRT
WPRT
Q4 25
$17.9M
Q3 25
$6.1M
Q2 25
$2.1M
$-5.6M
Q1 25
$2.6M
Q4 24
$9.4M
Q3 24
$3.1M
$-11.7M
Q2 24
$-3.0M
$1.5M
Q1 24
$3.8M
Free Cash Flow
NKSH
NKSH
WPRT
WPRT
Q4 25
$15.2M
Q3 25
$5.3M
Q2 25
$1.5M
$-6.4M
Q1 25
$1.6M
Q4 24
$6.2M
Q3 24
$2.2M
$-11.9M
Q2 24
$-4.0M
$262.0K
Q1 24
$3.5M
FCF Margin
NKSH
NKSH
WPRT
WPRT
Q4 25
99.2%
Q3 25
37.4%
Q2 25
11.5%
-51.6%
Q1 25
12.5%
Q4 24
50.5%
Q3 24
18.5%
-243.4%
Q2 24
-36.3%
1.9%
Q1 24
33.8%
Capex Intensity
NKSH
NKSH
WPRT
WPRT
Q4 25
17.9%
Q3 25
5.6%
Q2 25
4.1%
6.6%
Q1 25
7.5%
Q4 24
26.6%
Q3 24
8.3%
3.8%
Q2 24
9.3%
8.9%
Q1 24
3.0%
Cash Conversion
NKSH
NKSH
WPRT
WPRT
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
0.26×
Q1 24
1.77×

Financial Flow Comparison

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

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