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Side-by-side financial comparison of EASTERN CO (EML) 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 $55.3M, roughly 1.9× EASTERN CO). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 1.0%, a 37.7% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs -22.4%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $3.1M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs -0.6%).

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

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.

EML vs NIC — Head-to-Head

Bigger by revenue
NIC
NIC
1.9× larger
NIC
$104.0M
$55.3M
EML
Growing faster (revenue YoY)
NIC
NIC
+34.9% gap
NIC
12.5%
-22.4%
EML
Higher net margin
NIC
NIC
37.7% more per $
NIC
38.8%
1.0%
EML
More free cash flow
NIC
NIC
$146.4M more FCF
NIC
$149.4M
$3.1M
EML
Faster 2-yr revenue CAGR
NIC
NIC
Annualised
NIC
12.5%
-0.6%
EML

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
EML
EML
NIC
NIC
Revenue
$55.3M
$104.0M
Net Profit
$578.9K
$40.3M
Gross Margin
22.3%
Operating Margin
3.1%
48.3%
Net Margin
1.0%
38.8%
Revenue YoY
-22.4%
12.5%
Net Profit YoY
103.8%
16.9%
EPS (diluted)
$0.10
$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
EML
EML
NIC
NIC
Q4 25
$104.0M
Q3 25
$55.3M
$102.9M
Q2 25
$70.2M
$95.7M
Q1 25
$63.3M
$89.4M
Q4 24
$64.3M
$92.4M
Q3 24
$71.3M
$90.7M
Q2 24
$72.6M
$85.0M
Q1 24
$64.6M
$82.2M
Net Profit
EML
EML
NIC
NIC
Q4 25
$40.3M
Q3 25
$578.9K
$41.7M
Q2 25
$3.4M
$36.0M
Q1 25
$1.9M
$32.6M
Q4 24
$1.3M
$34.5M
Q3 24
$-15.3M
$32.5M
Q2 24
$3.5M
$29.3M
Q1 24
$1.9M
$27.8M
Gross Margin
EML
EML
NIC
NIC
Q4 25
Q3 25
22.3%
Q2 25
23.3%
Q1 25
22.4%
Q4 24
23.6%
Q3 24
25.5%
Q2 24
25.4%
Q1 24
23.9%
Operating Margin
EML
EML
NIC
NIC
Q4 25
48.3%
Q3 25
3.1%
50.4%
Q2 25
4.5%
46.8%
Q1 25
5.1%
44.9%
Q4 24
6.1%
46.8%
Q3 24
9.5%
45.0%
Q2 24
8.3%
43.3%
Q1 24
5.3%
41.8%
Net Margin
EML
EML
NIC
NIC
Q4 25
38.8%
Q3 25
1.0%
40.6%
Q2 25
4.9%
37.6%
Q1 25
3.1%
36.4%
Q4 24
2.0%
37.3%
Q3 24
-21.5%
35.8%
Q2 24
4.8%
34.5%
Q1 24
3.0%
33.8%
EPS (diluted)
EML
EML
NIC
NIC
Q4 25
$2.63
Q3 25
$0.10
$2.73
Q2 25
$0.56
$2.34
Q1 25
$0.32
$2.08
Q4 24
$0.22
$2.21
Q3 24
$-2.46
$2.10
Q2 24
$0.56
$1.92
Q1 24
$0.31
$1.82

Balance Sheet & Financial Strength

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

Metric
EML
EML
NIC
NIC
Cash + ST InvestmentsLiquidity on hand
$9.2M
Total DebtLower is stronger
$134.9M
Stockholders' EquityBook value
$124.3M
$1.3B
Total Assets
$220.0M
$9.2B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EML
EML
NIC
NIC
Q4 25
Q3 25
$9.2M
Q2 25
$9.1M
Q1 25
$10.2M
Q4 24
$16.1M
Q3 24
$9.7M
Q2 24
$2.0M
Q1 24
$2.1M
Total Debt
EML
EML
NIC
NIC
Q4 25
$134.9M
Q3 25
$134.6M
Q2 25
$134.3M
Q1 25
$156.6M
Q4 24
$42.2M
$161.4M
Q3 24
$161.2M
Q2 24
$162.4M
Q1 24
$162.3M
Stockholders' Equity
EML
EML
NIC
NIC
Q4 25
$1.3B
Q3 25
$124.3M
$1.2B
Q2 25
$124.4M
$1.2B
Q1 25
$121.0M
$1.2B
Q4 24
$120.7M
$1.2B
Q3 24
$119.2M
$1.1B
Q2 24
$136.5M
$1.1B
Q1 24
$134.5M
$1.1B
Total Assets
EML
EML
NIC
NIC
Q4 25
$9.2B
Q3 25
$220.0M
$9.0B
Q2 25
$229.4M
$8.9B
Q1 25
$232.3M
$9.0B
Q4 24
$235.3M
$8.8B
Q3 24
$244.2M
$8.6B
Q2 24
$255.9M
$8.6B
Q1 24
$253.9M
$8.4B
Debt / Equity
EML
EML
NIC
NIC
Q4 25
0.11×
Q3 25
0.11×
Q2 25
0.11×
Q1 25
0.13×
Q4 24
0.35×
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
EML
EML
NIC
NIC
Operating Cash FlowLast quarter
$3.1M
$153.5M
Free Cash FlowOCF − Capex
$3.1M
$149.4M
FCF MarginFCF / Revenue
5.5%
143.7%
Capex IntensityCapex / Revenue
0.1%
3.9%
Cash ConversionOCF / Net Profit
5.38×
3.81×
TTM Free Cash FlowTrailing 4 quarters
$12.3M
$275.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EML
EML
NIC
NIC
Q4 25
$153.5M
Q3 25
$3.1M
$45.9M
Q2 25
$3.8M
$38.9M
Q1 25
$-1.8M
$41.8M
Q4 24
$11.0M
$133.7M
Q3 24
$-2.9M
$39.6M
Q2 24
$8.4M
$37.3M
Q1 24
$2.8M
$23.4M
Free Cash Flow
EML
EML
NIC
NIC
Q4 25
$149.4M
Q3 25
$3.1M
$45.9M
Q2 25
$3.0M
$38.4M
Q1 25
$-2.7M
$41.3M
Q4 24
$9.0M
$116.8M
Q3 24
$-7.7M
$34.7M
Q2 24
$7.3M
$34.4M
Q1 24
$1.1M
$20.1M
FCF Margin
EML
EML
NIC
NIC
Q4 25
143.7%
Q3 25
5.5%
44.6%
Q2 25
4.3%
40.1%
Q1 25
-4.3%
46.2%
Q4 24
13.9%
126.4%
Q3 24
-10.8%
38.3%
Q2 24
10.1%
40.5%
Q1 24
1.7%
24.4%
Capex Intensity
EML
EML
NIC
NIC
Q4 25
3.9%
Q3 25
0.1%
0.0%
Q2 25
1.1%
0.6%
Q1 25
1.3%
0.5%
Q4 24
3.2%
18.3%
Q3 24
6.7%
5.4%
Q2 24
1.5%
3.5%
Q1 24
2.6%
4.0%
Cash Conversion
EML
EML
NIC
NIC
Q4 25
3.81×
Q3 25
5.38×
1.10×
Q2 25
1.09×
1.08×
Q1 25
-0.95×
1.28×
Q4 24
8.41×
3.88×
Q3 24
1.22×
Q2 24
2.40×
1.28×
Q1 24
1.43×
0.84×

Financial Flow Comparison

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

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