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Side-by-side financial comparison of EVOLUTION PETROLEUM CORP (EPM) and NATIONAL RESEARCH CORP (NRC). Click either name above to swap in a different company.
NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $20.7M, roughly 1.7× EVOLUTION PETROLEUM CORP). EVOLUTION PETROLEUM CORP runs the higher net margin — 5.2% vs 5.1%, a 0.0% gap on every dollar of revenue. On growth, EVOLUTION PETROLEUM CORP posted the faster year-over-year revenue change (2.0% vs -4.6%). Over the past eight quarters, NATIONAL RESEARCH CORP's revenue compounded faster (-0.2% CAGR vs -5.2%).
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.
EPM vs NRC — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.7M | $35.2M |
| Net Profit | $1.1M | $1.8M |
| Gross Margin | 44.3% | — |
| Operating Margin | 3.2% | 13.3% |
| Net Margin | 5.2% | 5.1% |
| Revenue YoY | 2.0% | -4.6% |
| Net Profit YoY | 158.4% | -72.6% |
| EPS (diluted) | $0.03 | $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.
| Q4 25 | $20.7M | $35.2M | ||
| Q3 25 | $21.3M | $34.6M | ||
| Q2 25 | $21.1M | $34.0M | ||
| Q1 25 | $22.6M | $33.6M | ||
| Q4 24 | $20.3M | $36.9M | ||
| Q3 24 | $21.9M | $35.8M | ||
| Q2 24 | $21.2M | $35.0M | ||
| Q1 24 | $23.0M | $35.3M |
| Q4 25 | $1.1M | $1.8M | ||
| Q3 25 | $824.0K | $4.1M | ||
| Q2 25 | $3.4M | $-106.0K | ||
| Q1 25 | $-2.2M | $5.8M | ||
| Q4 24 | $-1.8M | $6.6M | ||
| Q3 24 | $2.1M | $5.7M | ||
| Q2 24 | $1.2M | $6.2M | ||
| Q1 24 | $289.0K | $6.4M |
| Q4 25 | 44.3% | — | ||
| Q3 25 | 38.5% | — | ||
| Q2 25 | 46.1% | — | ||
| Q1 25 | 40.7% | — | ||
| Q4 24 | 36.9% | — | ||
| Q3 24 | 46.2% | — | ||
| Q2 24 | 46.3% | — | ||
| Q1 24 | 45.2% | — |
| Q4 25 | 3.2% | 13.3% | ||
| Q3 25 | -0.4% | 22.4% | ||
| Q2 25 | 6.3% | 4.7% | ||
| Q1 25 | 7.0% | 25.6% | ||
| Q4 24 | -3.0% | 26.0% | ||
| Q3 24 | 8.5% | 22.3% | ||
| Q2 24 | 11.3% | 25.3% | ||
| Q1 24 | 9.1% | 24.8% |
| Q4 25 | 5.2% | 5.1% | ||
| Q3 25 | 3.9% | 11.9% | ||
| Q2 25 | 16.2% | -0.3% | ||
| Q1 25 | -9.7% | 17.2% | ||
| Q4 24 | -9.0% | 17.8% | ||
| Q3 24 | 9.4% | 15.9% | ||
| Q2 24 | 5.8% | 17.6% | ||
| Q1 24 | 1.3% | 18.0% |
| Q4 25 | $0.03 | $49.58 | ||
| Q3 25 | $0.02 | $0.18 | ||
| Q2 25 | $0.10 | $-0.01 | ||
| Q1 25 | $-0.07 | $0.25 | ||
| Q4 24 | $-0.06 | $0.27 | ||
| Q3 24 | $0.06 | $0.24 | ||
| Q2 24 | $0.04 | $0.26 | ||
| Q1 24 | $0.01 | $0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.8M | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $67.5M | $14.0M |
| Total Assets | $169.3M | $134.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.8M | $4.1M | ||
| Q3 25 | $714.0K | $2.2M | ||
| Q2 25 | $2.5M | $5.3M | ||
| Q1 25 | $5.6M | $2.5M | ||
| Q4 24 | $11.7M | $4.2M | ||
| Q3 24 | $6.9M | $3.5M | ||
| Q2 24 | $6.4M | $485.0K | ||
| Q1 24 | $3.1M | $1.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $48.7M | ||
| Q2 24 | — | $33.3M | ||
| Q1 24 | — | $35.2M |
| Q4 25 | $67.5M | $14.0M | ||
| Q3 25 | $69.1M | $14.3M | ||
| Q2 25 | $71.8M | $21.3M | ||
| Q1 25 | $71.7M | $29.7M | ||
| Q4 24 | $76.3M | $31.3M | ||
| Q3 24 | $79.6M | $34.6M | ||
| Q2 24 | $81.1M | $40.2M | ||
| Q1 24 | $83.5M | $36.9M |
| Q4 25 | $169.3M | $134.9M | ||
| Q3 25 | $169.1M | $135.7M | ||
| Q2 25 | $160.3M | $141.4M | ||
| Q1 25 | $156.4M | $135.2M | ||
| Q4 24 | $160.2M | $132.5M | ||
| Q3 24 | $157.9M | $131.8M | ||
| Q2 24 | $162.9M | $119.1M | ||
| Q1 24 | $166.5M | $120.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $5.4M | $7.2M |
| Free Cash FlowOCF − Capex | — | $6.1M |
| FCF MarginFCF / Revenue | — | 17.2% |
| Capex IntensityCapex / Revenue | — | 3.2% |
| Cash ConversionOCF / Net Profit | 5.09× | 3.99× |
| TTM Free Cash FlowTrailing 4 quarters | — | $15.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $5.4M | $7.2M | ||
| Q3 25 | $7.8M | $13.8M | ||
| Q2 25 | $10.5M | $-1.1M | ||
| Q1 25 | $7.3M | $6.6M | ||
| Q4 24 | $7.7M | $6.4M | ||
| Q3 24 | $7.6M | $9.4M | ||
| Q2 24 | $8.0M | $6.8M | ||
| Q1 24 | $3.4M | $12.0M |
| Q4 25 | — | $6.1M | ||
| Q3 25 | — | $10.2M | ||
| Q2 25 | — | $-4.1M | ||
| Q1 25 | — | $3.7M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | — | $7.8M | ||
| Q2 24 | — | $1.5M | ||
| Q1 24 | — | $7.9M |
| Q4 25 | — | 17.2% | ||
| Q3 25 | — | 29.4% | ||
| Q2 25 | — | -12.2% | ||
| Q1 25 | — | 10.9% | ||
| Q4 24 | — | 5.2% | ||
| Q3 24 | — | 21.8% | ||
| Q2 24 | — | 4.3% | ||
| Q1 24 | — | 22.4% |
| Q4 25 | — | 3.2% | ||
| Q3 25 | — | 10.4% | ||
| Q2 25 | — | 8.8% | ||
| Q1 25 | — | 8.9% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 4.5% | ||
| Q2 24 | — | 15.0% | ||
| Q1 24 | — | 11.7% |
| Q4 25 | 5.09× | 3.99× | ||
| Q3 25 | 9.47× | 3.34× | ||
| Q2 25 | 3.06× | — | ||
| Q1 25 | — | 1.15× | ||
| Q4 24 | — | 0.97× | ||
| Q3 24 | 3.69× | 1.66× | ||
| Q2 24 | 6.47× | 1.10× | ||
| Q1 24 | 11.64× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EPM
| Crude Oil | $10.7M | 52% |
| Natural Gas Reserves | $7.4M | 36% |
| Natural Gas Liquids Reserves | $2.5M | 12% |
NRC
Segment breakdown not available.
