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Side-by-side financial comparison of ACME UNITED CORP (ACU) 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 $52.3M, roughly 2.0× ACME UNITED CORP). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 1.9%, a 36.9% gap on every dollar of revenue. On growth, ACME UNITED CORP posted the faster year-over-year revenue change (13.8% vs 12.5%). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs -2.9%).

Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the NYSE American with symbol ACU.

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.

ACU vs NIC — Head-to-Head

Bigger by revenue
NIC
NIC
2.0× larger
NIC
$104.0M
$52.3M
ACU
Growing faster (revenue YoY)
ACU
ACU
+1.3% gap
ACU
13.8%
12.5%
NIC
Higher net margin
NIC
NIC
36.9% more per $
NIC
38.8%
1.9%
ACU
Faster 2-yr revenue CAGR
NIC
NIC
Annualised
NIC
12.5%
-2.9%
ACU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACU
ACU
NIC
NIC
Revenue
$52.3M
$104.0M
Net Profit
$985.0K
$40.3M
Gross Margin
39.7%
Operating Margin
3.3%
48.3%
Net Margin
1.9%
38.8%
Revenue YoY
13.8%
12.5%
Net Profit YoY
-40.4%
16.9%
EPS (diluted)
$0.24
$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
ACU
ACU
NIC
NIC
Q1 26
$52.3M
Q4 25
$47.5M
$104.0M
Q3 25
$49.1M
$102.9M
Q2 25
$54.0M
$95.7M
Q1 25
$46.0M
$89.4M
Q4 24
$45.9M
$92.4M
Q3 24
$48.2M
$90.7M
Q2 24
$55.4M
$85.0M
Net Profit
ACU
ACU
NIC
NIC
Q1 26
$985.0K
Q4 25
$1.9M
$40.3M
Q3 25
$1.9M
$41.7M
Q2 25
$4.8M
$36.0M
Q1 25
$1.7M
$32.6M
Q4 24
$1.7M
$34.5M
Q3 24
$2.2M
$32.5M
Q2 24
$4.5M
$29.3M
Gross Margin
ACU
ACU
NIC
NIC
Q1 26
39.7%
Q4 25
38.2%
Q3 25
39.1%
Q2 25
41.0%
Q1 25
39.0%
Q4 24
38.7%
Q3 24
38.5%
Q2 24
40.8%
Operating Margin
ACU
ACU
NIC
NIC
Q1 26
3.3%
Q4 25
6.1%
48.3%
Q3 25
6.1%
50.4%
Q2 25
11.8%
46.8%
Q1 25
5.3%
44.9%
Q4 24
5.0%
46.8%
Q3 24
6.1%
45.0%
Q2 24
11.5%
43.3%
Net Margin
ACU
ACU
NIC
NIC
Q1 26
1.9%
Q4 25
3.9%
38.8%
Q3 25
3.9%
40.6%
Q2 25
8.8%
37.6%
Q1 25
3.6%
36.4%
Q4 24
3.7%
37.3%
Q3 24
4.6%
35.8%
Q2 24
8.0%
34.5%
EPS (diluted)
ACU
ACU
NIC
NIC
Q1 26
$0.24
Q4 25
$0.46
$2.63
Q3 25
$0.46
$2.73
Q2 25
$1.16
$2.34
Q1 25
$0.41
$2.08
Q4 24
$0.43
$2.21
Q3 24
$0.54
$2.10
Q2 24
$1.09
$1.92

Balance Sheet & Financial Strength

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

Metric
ACU
ACU
NIC
NIC
Cash + ST InvestmentsLiquidity on hand
$4.2M
Total DebtLower is stronger
$33.0M
$134.9M
Stockholders' EquityBook value
$116.7M
$1.3B
Total Assets
$195.2M
$9.2B
Debt / EquityLower = less leverage
0.28×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACU
ACU
NIC
NIC
Q1 26
$4.2M
Q4 25
$3.6M
Q3 25
$5.1M
Q2 25
$3.6M
Q1 25
$3.4M
Q4 24
$6.4M
Q3 24
$5.7M
Q2 24
$3.8M
Total Debt
ACU
ACU
NIC
NIC
Q1 26
$33.0M
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
Stockholders' Equity
ACU
ACU
NIC
NIC
Q1 26
$116.7M
Q4 25
$117.6M
$1.3B
Q3 25
$115.8M
$1.2B
Q2 25
$113.7M
$1.2B
Q1 25
$108.3M
$1.2B
Q4 24
$107.0M
$1.2B
Q3 24
$106.3M
$1.1B
Q2 24
$104.0M
$1.1B
Total Assets
ACU
ACU
NIC
NIC
Q1 26
$195.2M
Q4 25
$171.0M
$9.2B
Q3 25
$173.0M
$9.0B
Q2 25
$170.9M
$8.9B
Q1 25
$163.0M
$9.0B
Q4 24
$162.2M
$8.8B
Q3 24
$165.5M
$8.6B
Q2 24
$173.5M
$8.6B
Debt / Equity
ACU
ACU
NIC
NIC
Q1 26
0.28×
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×

Cash Flow & Capital Efficiency

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

Metric
ACU
ACU
NIC
NIC
Operating Cash FlowLast quarter
$153.5M
Free Cash FlowOCF − Capex
$149.4M
FCF MarginFCF / Revenue
143.7%
Capex IntensityCapex / Revenue
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
ACU
ACU
NIC
NIC
Q1 26
Q4 25
$8.2M
$153.5M
Q3 25
$7.1M
$45.9M
Q2 25
$6.3M
$38.9M
Q1 25
$-3.3M
$41.8M
Q4 24
$6.4M
$133.7M
Q3 24
$8.9M
$39.6M
Q2 24
$6.9M
$37.3M
Free Cash Flow
ACU
ACU
NIC
NIC
Q1 26
Q4 25
$7.3M
$149.4M
Q3 25
$301.0K
$45.9M
Q2 25
$4.7M
$38.4M
Q1 25
$-4.7M
$41.3M
Q4 24
$4.7M
$116.8M
Q3 24
$7.5M
$34.7M
Q2 24
$4.4M
$34.4M
FCF Margin
ACU
ACU
NIC
NIC
Q1 26
Q4 25
15.3%
143.7%
Q3 25
0.6%
44.6%
Q2 25
8.7%
40.1%
Q1 25
-10.2%
46.2%
Q4 24
10.2%
126.4%
Q3 24
15.6%
38.3%
Q2 24
8.0%
40.5%
Capex Intensity
ACU
ACU
NIC
NIC
Q1 26
Q4 25
1.9%
3.9%
Q3 25
13.8%
0.0%
Q2 25
3.0%
0.6%
Q1 25
2.9%
0.5%
Q4 24
3.7%
18.3%
Q3 24
2.8%
5.4%
Q2 24
4.5%
3.5%
Cash Conversion
ACU
ACU
NIC
NIC
Q1 26
Q4 25
4.34×
3.81×
Q3 25
3.72×
1.10×
Q2 25
1.33×
1.08×
Q1 25
-2.02×
1.28×
Q4 24
3.73×
3.88×
Q3 24
3.99×
1.22×
Q2 24
1.55×
1.28×

Financial Flow Comparison

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

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