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Side-by-side financial comparison of AURORA CANNABIS INC (ACB) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.

NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $81.6M, roughly 1.3× AURORA CANNABIS INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -756.4%, a 795.2% gap on every dollar of revenue. NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $-8.6M).

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. ...

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.

ACB vs NIC — Head-to-Head

Bigger by revenue
NIC
NIC
1.3× larger
NIC
$104.0M
$81.6M
ACB
Higher net margin
NIC
NIC
795.2% more per $
NIC
38.8%
-756.4%
ACB
More free cash flow
NIC
NIC
$158.1M more FCF
NIC
$149.4M
$-8.6M
ACB

Income Statement — Q1 FY2024 vs Q4 FY2025

Metric
ACB
ACB
NIC
NIC
Revenue
$81.6M
$104.0M
Net Profit
$-617.0M
$40.3M
Gross Margin
8.7%
Operating Margin
-73.7%
48.3%
Net Margin
-756.4%
38.8%
Revenue YoY
12.5%
Net Profit YoY
16.9%
EPS (diluted)
$2.63

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
ACB
ACB
NIC
NIC
Q4 25
$104.0M
Q3 25
$102.9M
Q2 25
$95.7M
Q1 25
$89.4M
Q4 24
$92.4M
Q3 24
$90.7M
Q2 24
$85.0M
Q1 24
$82.2M
Net Profit
ACB
ACB
NIC
NIC
Q4 25
$40.3M
Q3 25
$41.7M
Q2 25
$36.0M
Q1 25
$32.6M
Q4 24
$34.5M
Q3 24
$32.5M
Q2 24
$29.3M
Q1 24
$27.8M
Operating Margin
ACB
ACB
NIC
NIC
Q4 25
48.3%
Q3 25
50.4%
Q2 25
46.8%
Q1 25
44.9%
Q4 24
46.8%
Q3 24
45.0%
Q2 24
43.3%
Q1 24
41.8%
Net Margin
ACB
ACB
NIC
NIC
Q4 25
38.8%
Q3 25
40.6%
Q2 25
37.6%
Q1 25
36.4%
Q4 24
37.3%
Q3 24
35.8%
Q2 24
34.5%
Q1 24
33.8%
EPS (diluted)
ACB
ACB
NIC
NIC
Q4 25
$2.63
Q3 25
$2.73
Q2 25
$2.34
Q1 25
$2.08
Q4 24
$2.21
Q3 24
$2.10
Q2 24
$1.92
Q1 24
$1.82

Balance Sheet & Financial Strength

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

Metric
ACB
ACB
NIC
NIC
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$134.9M
Stockholders' EquityBook value
$1.3B
Total Assets
$9.2B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ACB
ACB
NIC
NIC
Q4 25
$134.9M
Q3 25
$134.6M
Q2 25
$134.3M
Q1 25
$156.6M
Q4 24
$161.4M
Q3 24
$161.2M
Q2 24
$162.4M
Q1 24
$162.3M
Stockholders' Equity
ACB
ACB
NIC
NIC
Q4 25
$1.3B
Q3 25
$1.2B
Q2 25
$1.2B
Q1 25
$1.2B
Q4 24
$1.2B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
ACB
ACB
NIC
NIC
Q4 25
$9.2B
Q3 25
$9.0B
Q2 25
$8.9B
Q1 25
$9.0B
Q4 24
$8.8B
Q3 24
$8.6B
Q2 24
$8.6B
Q1 24
$8.4B
Debt / Equity
ACB
ACB
NIC
NIC
Q4 25
0.11×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.13×
Q4 24
0.14×
Q3 24
0.14×
Q2 24
0.15×
Q1 24
0.15×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ACB
ACB
NIC
NIC
Operating Cash FlowLast quarter
$-4.3M
$153.5M
Free Cash FlowOCF − Capex
$-8.6M
$149.4M
FCF MarginFCF / Revenue
-10.6%
143.7%
Capex IntensityCapex / Revenue
5.3%
3.9%
Cash ConversionOCF / Net Profit
3.81×
TTM Free Cash FlowTrailing 4 quarters
$275.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACB
ACB
NIC
NIC
Q4 25
$153.5M
Q3 25
$45.9M
Q2 25
$38.9M
Q1 25
$41.8M
Q4 24
$133.7M
Q3 24
$39.6M
Q2 24
$37.3M
Q1 24
$23.4M
Free Cash Flow
ACB
ACB
NIC
NIC
Q4 25
$149.4M
Q3 25
$45.9M
Q2 25
$38.4M
Q1 25
$41.3M
Q4 24
$116.8M
Q3 24
$34.7M
Q2 24
$34.4M
Q1 24
$20.1M
FCF Margin
ACB
ACB
NIC
NIC
Q4 25
143.7%
Q3 25
44.6%
Q2 25
40.1%
Q1 25
46.2%
Q4 24
126.4%
Q3 24
38.3%
Q2 24
40.5%
Q1 24
24.4%
Capex Intensity
ACB
ACB
NIC
NIC
Q4 25
3.9%
Q3 25
0.0%
Q2 25
0.6%
Q1 25
0.5%
Q4 24
18.3%
Q3 24
5.4%
Q2 24
3.5%
Q1 24
4.0%
Cash Conversion
ACB
ACB
NIC
NIC
Q4 25
3.81×
Q3 25
1.10×
Q2 25
1.08×
Q1 25
1.28×
Q4 24
3.88×
Q3 24
1.22×
Q2 24
1.28×
Q1 24
0.84×

Financial Flow Comparison

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

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