15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 13.8% per year over the past 5 years.
Net income has grown faster than revenue (14.9% vs 13.8% per year).
Free cash flow has grown 8.1% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-0.4% vs 13.8% per year).
Shareholder returns
Dividends have been paid for 12 consecutive years, consuming 31.2% of earnings and 26.4% of free cash flow.
The dividend has grown 22.4% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$14M
$18M
0.0%
0.0%
9.5%
0.9%
$21M
—
$161M
2024
$14M
$7M
0.0%
0.0%
4.2%
0.3%
-$26M
—
$163M
2023
$10M
$10M
0.0%
0.0%
8.3%
0.7%
$15M
—
$87M
2022
$10M
$17M
0.0%
0.0%
15.5%
1.2%
$26M
—
—
2021
$9M
$10M
0.0%
0.0%
8.9%
0.7%
$7M
—
—
2020
$7M
$9M
0.0%
0.0%
10.4%
0.9%
$14M
—
—
2019
$8M
$10M
0.0%
0.0%
12.4%
1.2%
$11M
—
—
2018
$8M
$10M
0.0%
0.0%
15.2%
1.3%
$12M
—
$29M
2017
—
$6M
—
—
11.1%
0.9%
$5M
—
$40M
2016
—
$6M
—
—
11.3%
0.8%
$8M
—
$41M
2015
—
$3M
—
—
5.8%
0.4%
—
—
$39M
2014
—
$8M
—
—
12.8%
1.5%
—
—
$25M
2013
—
$10M
—
—
18.4%
1.9%
$8M
$6M
$32M
2012
—
$3M
—
—
6.2%
0.5%
$12M
$6M
$31M
2011
—
-$11M
—
—
-29.5%
-2.0%
$10M
—
$30M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$3M
$6M
0.0%
0.0%
3.0%
0.3%
$7M
—
$166M
Mar '26
$3M
$5M
0.0%
0.0%
2.6%
0.2%
$6M
—
$188M
Dec '25
$3M
$6M
0.0%
0.0%
3.0%
0.3%
$7M
—
$161M
Sep '25
$4M
$6M
0.0%
0.0%
3.1%
0.3%
$7M
—
$189M
Jun '25
$3M
$5M
0.0%
0.0%
2.9%
0.2%
$4M
—
$194M
Mar '25
$3M
$2M
0.0%
0.0%
0.9%
0.1%
$3M
—
$206M
Dec '24
$7M
-$933000
0.0%
0.0%
-0.6%
-0.0%
-$38M
—
$163M
Sep '24
$3M
$2M
0.0%
0.0%
1.8%
0.2%
$5M
—
$127M
Jun '24
$3M
$2M
0.0%
0.0%
2.0%
0.2%
$3M
—
$136M
Mar '24
$3M
$3M
0.0%
0.0%
2.7%
0.2%
$4M
—
—
Dec '23
$2M
-$851000
0.0%
0.0%
-0.7%
-0.1%
$4M
—
$87M
Sep '23
$3M
$3M
0.0%
0.0%
2.8%
0.2%
$3M
—
—
Jun '23
$3M
$4M
0.0%
0.0%
3.1%
0.3%
$3M
—
—
Mar '23
$2M
$4M
0.0%
0.0%
3.4%
0.3%
$4M
—
—
Dec '22
$2M
$5M
0.0%
0.0%
4.4%
0.3%
$9M
—
—
Sep '22
$3M
$4M
0.0%
0.0%
4.5%
0.3%
$4M
—
—
Jun '22
$3M
$4M
0.0%
0.0%
3.8%
0.3%
$3M
—
—
Mar '22
$2M
$4M
0.0%
0.0%
3.5%
0.3%
$8M
—
—
Dec '21
$3M
$2M
0.0%
0.0%
1.9%
0.2%
-$5M
—
—
Sep '21
$2M
$2M
0.0%
0.0%
2.1%
0.2%
$13M
—
—
Valuation over time
How the market has priced FXNC against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 8.3× (Mar '23) to 16.1× (Nov '26).
The price-to-sales ratio has risen from 13.9× (Mar '23) to 20.0× (Nov '26).
The dividend yield has fallen from 2.4% (Mar '23) to 1.9% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FXNC growing its revenue and profit?
Over the past 5 years, FIRST NATIONAL CORP /VA/'s revenue has grown 13.8% per year, and net income grown 14.9% per year. These are computed facts, not advice.
How much debt does FXNC have?
As of FY2025, FIRST NATIONAL CORP /VA/ reported — of total debt against $161M of cash.
What is FXNC's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin 123.9%.
What is FXNC's P/E ratio?
FIRST NATIONAL CORP /VA/'s P/E (TTM) is 13.18 as of the 2026-11-04 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FXNC stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 16.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.