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Side-by-side financial comparison of American Outdoor Brands, Inc. (AOUT) and NATIONAL RESEARCH CORP (NRC). Click either name above to swap in a different company.

American Outdoor Brands, Inc. is the larger business by last-quarter revenue ($57.2M vs $35.2M, roughly 1.6× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs 3.6%, a 1.5% gap on every dollar of revenue. On growth, NATIONAL RESEARCH CORP posted the faster year-over-year revenue change (-4.6% vs -5.0%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $-14.1M). Over the past eight quarters, American Outdoor Brands, Inc.'s revenue compounded faster (3.5% CAGR vs -0.2%).

Deckers Outdoor Corporation, doing business as Deckers Brands, is an American footwear designer and distributor founded in 1973 and based in Goleta, California. The company's portfolio of brands includes UGG, Teva, and Hoka. It was founded by Doug Otto and Karl F. Lopker.

National Research Corporation, doing business as NRC Health, is an American healthcare company which provides healthcare products and subscription-based solutions in United States and Canada. It was founded in 1981, and is based in Lincoln, Nebraska.

AOUT vs NRC — Head-to-Head

Bigger by revenue
AOUT
AOUT
1.6× larger
AOUT
$57.2M
$35.2M
NRC
Growing faster (revenue YoY)
NRC
NRC
+0.4% gap
NRC
-4.6%
-5.0%
AOUT
Higher net margin
NRC
NRC
1.5% more per $
NRC
5.1%
3.6%
AOUT
More free cash flow
NRC
NRC
$20.1M more FCF
NRC
$6.1M
$-14.1M
AOUT
Faster 2-yr revenue CAGR
AOUT
AOUT
Annualised
AOUT
3.5%
-0.2%
NRC

Income Statement — Q2 FY2026 vs Q4 FY2025

Metric
AOUT
AOUT
NRC
NRC
Revenue
$57.2M
$35.2M
Net Profit
$2.1M
$1.8M
Gross Margin
45.6%
Operating Margin
3.7%
13.3%
Net Margin
3.6%
5.1%
Revenue YoY
-5.0%
-4.6%
Net Profit YoY
-33.3%
-72.6%
EPS (diluted)
$0.16
$49.58

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
AOUT
AOUT
NRC
NRC
Q4 25
$57.2M
$35.2M
Q3 25
$29.7M
$34.6M
Q2 25
$61.9M
$34.0M
Q1 25
$58.5M
$33.6M
Q4 24
$60.2M
$36.9M
Q3 24
$41.6M
$35.8M
Q2 24
$46.3M
$35.0M
Q1 24
$53.4M
$35.3M
Net Profit
AOUT
AOUT
NRC
NRC
Q4 25
$2.1M
$1.8M
Q3 25
$-6.8M
$4.1M
Q2 25
$-992.0K
$-106.0K
Q1 25
$169.0K
$5.8M
Q4 24
$3.1M
$6.6M
Q3 24
$-2.4M
$5.7M
Q2 24
$-5.3M
$6.2M
Q1 24
$-2.9M
$6.4M
Gross Margin
AOUT
AOUT
NRC
NRC
Q4 25
45.6%
Q3 25
46.7%
Q2 25
40.9%
Q1 25
44.7%
Q4 24
48.0%
Q3 24
45.4%
Q2 24
41.9%
Q1 24
42.7%
Operating Margin
AOUT
AOUT
NRC
NRC
Q4 25
3.7%
13.3%
Q3 25
-23.0%
22.4%
Q2 25
-1.5%
4.7%
Q1 25
0.5%
25.6%
Q4 24
5.1%
26.0%
Q3 24
-6.2%
22.3%
Q2 24
-11.9%
25.3%
Q1 24
-5.4%
24.8%
Net Margin
AOUT
AOUT
NRC
NRC
Q4 25
3.6%
5.1%
Q3 25
-23.0%
11.9%
Q2 25
-1.6%
-0.3%
Q1 25
0.3%
17.2%
Q4 24
5.2%
17.8%
Q3 24
-5.7%
15.9%
Q2 24
-11.5%
17.6%
Q1 24
-5.4%
18.0%
EPS (diluted)
AOUT
AOUT
NRC
NRC
Q4 25
$0.16
$49.58
Q3 25
$-0.54
$0.18
Q2 25
$-0.08
$-0.01
Q1 25
$0.01
$0.25
Q4 24
$0.24
$0.27
Q3 24
$-0.18
$0.24
Q2 24
$-0.41
$0.26
Q1 24
$-0.23
$0.27

Balance Sheet & Financial Strength

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

Metric
AOUT
AOUT
NRC
NRC
Cash + ST InvestmentsLiquidity on hand
$3.1M
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$170.4M
$14.0M
Total Assets
$240.9M
$134.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AOUT
AOUT
NRC
NRC
Q4 25
$3.1M
$4.1M
Q3 25
$17.8M
$2.2M
Q2 25
$23.4M
$5.3M
Q1 25
$17.1M
$2.5M
Q4 24
$14.2M
$4.2M
Q3 24
$23.5M
$3.5M
Q2 24
$29.7M
$485.0K
Q1 24
$15.9M
$1.7M
Total Debt
AOUT
AOUT
NRC
NRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$48.7M
Q2 24
$33.3M
Q1 24
$35.2M
Stockholders' Equity
AOUT
AOUT
NRC
NRC
Q4 25
$170.4M
$14.0M
Q3 25
$167.8M
$14.3M
Q2 25
$177.6M
$21.3M
Q1 25
$178.7M
$29.7M
Q4 24
$178.9M
$31.3M
Q3 24
$175.7M
$34.6M
Q2 24
$177.9M
$40.2M
Q1 24
$182.4M
$36.9M
Total Assets
AOUT
AOUT
NRC
NRC
Q4 25
$240.9M
$134.9M
Q3 25
$241.9M
$135.7M
Q2 25
$246.4M
$141.4M
Q1 25
$245.9M
$135.2M
Q4 24
$254.1M
$132.5M
Q3 24
$244.8M
$131.8M
Q2 24
$240.6M
$119.1M
Q1 24
$239.1M
$120.9M
Debt / Equity
AOUT
AOUT
NRC
NRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.41×
Q2 24
0.83×
Q1 24
0.95×

Cash Flow & Capital Efficiency

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

Metric
AOUT
AOUT
NRC
NRC
Operating Cash FlowLast quarter
$-13.3M
$7.2M
Free Cash FlowOCF − Capex
$-14.1M
$6.1M
FCF MarginFCF / Revenue
-24.6%
17.2%
Capex IntensityCapex / Revenue
1.3%
3.2%
Cash ConversionOCF / Net Profit
-6.41×
3.99×
TTM Free Cash FlowTrailing 4 quarters
$-4.7M
$15.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AOUT
AOUT
NRC
NRC
Q4 25
$-13.3M
$7.2M
Q3 25
$-1.7M
$13.8M
Q2 25
$7.8M
$-1.1M
Q1 25
$5.9M
$6.6M
Q4 24
$-7.9M
$6.4M
Q3 24
$-4.4M
$9.4M
Q2 24
$14.7M
$6.8M
Q1 24
$13.0M
$12.0M
Free Cash Flow
AOUT
AOUT
NRC
NRC
Q4 25
$-14.1M
$6.1M
Q3 25
$-2.0M
$10.2M
Q2 25
$7.2M
$-4.1M
Q1 25
$4.2M
$3.7M
Q4 24
$-8.0M
$1.9M
Q3 24
$-5.2M
$7.8M
Q2 24
$14.2M
$1.5M
Q1 24
$9.7M
$7.9M
FCF Margin
AOUT
AOUT
NRC
NRC
Q4 25
-24.6%
17.2%
Q3 25
-6.7%
29.4%
Q2 25
11.6%
-12.2%
Q1 25
7.2%
10.9%
Q4 24
-13.3%
5.2%
Q3 24
-12.5%
21.8%
Q2 24
30.6%
4.3%
Q1 24
18.2%
22.4%
Capex Intensity
AOUT
AOUT
NRC
NRC
Q4 25
1.3%
3.2%
Q3 25
1.0%
10.4%
Q2 25
0.9%
8.8%
Q1 25
2.9%
8.9%
Q4 24
0.1%
12.0%
Q3 24
2.0%
4.5%
Q2 24
1.1%
15.0%
Q1 24
6.2%
11.7%
Cash Conversion
AOUT
AOUT
NRC
NRC
Q4 25
-6.41×
3.99×
Q3 25
3.34×
Q2 25
Q1 25
34.86×
1.15×
Q4 24
-2.55×
0.97×
Q3 24
1.66×
Q2 24
1.10×
Q1 24
1.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AOUT
AOUT

Traditional Channels Net Sales$36.8M64%
E Commerce Channels Net Sales$20.4M36%

NRC
NRC

Segment breakdown not available.

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