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Side-by-side financial comparison of Energy Services of America CORP (ESOA) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.

Energy Services of America CORP is the larger business by last-quarter revenue ($114.1M vs $104.0M, roughly 1.1× NICOLET BANKSHARES INC). On growth, Energy Services of America CORP posted the faster year-over-year revenue change (13.4% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $16.8M). Over the past eight quarters, Energy Services of America CORP's revenue compounded faster (26.7% CAGR vs 12.5%).

Superior Energy Services is an American oil services company that operates as a holding company for a portfolio of oilfield equipment rentals and well oil and gas services brands.

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.

ESOA vs NIC — Head-to-Head

Bigger by revenue
ESOA
ESOA
1.1× larger
ESOA
$114.1M
$104.0M
NIC
Growing faster (revenue YoY)
ESOA
ESOA
+0.9% gap
ESOA
13.4%
12.5%
NIC
More free cash flow
NIC
NIC
$132.7M more FCF
NIC
$149.4M
$16.8M
ESOA
Faster 2-yr revenue CAGR
ESOA
ESOA
Annualised
ESOA
26.7%
12.5%
NIC

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ESOA
ESOA
NIC
NIC
Revenue
$114.1M
$104.0M
Net Profit
$40.3M
Gross Margin
12.3%
Operating Margin
4.3%
48.3%
Net Margin
38.8%
Revenue YoY
13.4%
12.5%
Net Profit YoY
16.9%
EPS (diluted)
$0.16
$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
ESOA
ESOA
NIC
NIC
Q4 25
$114.1M
$104.0M
Q3 25
$130.1M
$102.9M
Q2 25
$103.6M
$95.7M
Q1 25
$76.7M
$89.4M
Q4 24
$100.6M
$92.4M
Q3 24
$104.7M
$90.7M
Q2 24
$85.9M
$85.0M
Q1 24
$71.1M
$82.2M
Net Profit
ESOA
ESOA
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
Gross Margin
ESOA
ESOA
NIC
NIC
Q4 25
12.3%
Q3 25
12.6%
Q2 25
11.6%
Q1 25
0.1%
Q4 24
10.2%
Q3 24
16.8%
Q2 24
17.8%
Q1 24
8.8%
Operating Margin
ESOA
ESOA
NIC
NIC
Q4 25
4.3%
48.3%
Q3 25
5.8%
50.4%
Q2 25
3.1%
46.8%
Q1 25
-10.6%
44.9%
Q4 24
1.6%
46.8%
Q3 24
8.4%
45.0%
Q2 24
9.9%
43.3%
Q1 24
-1.5%
41.8%
Net Margin
ESOA
ESOA
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)
ESOA
ESOA
NIC
NIC
Q4 25
$0.16
$2.63
Q3 25
$0.26
$2.73
Q2 25
$0.12
$2.34
Q1 25
$-0.41
$2.08
Q4 24
$0.05
$2.21
Q3 24
$0.40
$2.10
Q2 24
$1.06
$1.92
Q1 24
$-0.07
$1.82

Balance Sheet & Financial Strength

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

Metric
ESOA
ESOA
NIC
NIC
Cash + ST InvestmentsLiquidity on hand
$16.7M
Total DebtLower is stronger
$62.0M
$134.9M
Stockholders' EquityBook value
$60.6M
$1.3B
Total Assets
$201.0M
$9.2B
Debt / EquityLower = less leverage
1.02×
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ESOA
ESOA
NIC
NIC
Q4 25
$16.7M
Q3 25
$12.2M
Q2 25
$15.3M
Q1 25
$9.9M
Q4 24
$20.3M
Q3 24
$12.9M
Q2 24
$14.5M
Q1 24
$12.1M
Total Debt
ESOA
ESOA
NIC
NIC
Q4 25
$62.0M
$134.9M
Q3 25
$72.2M
$134.6M
Q2 25
$59.1M
$134.3M
Q1 25
$50.7M
$156.6M
Q4 24
$59.6M
$161.4M
Q3 24
$33.9M
$161.2M
Q2 24
$31.9M
$162.4M
Q1 24
$45.7M
$162.3M
Stockholders' Equity
ESOA
ESOA
NIC
NIC
Q4 25
$60.6M
$1.3B
Q3 25
$59.2M
$1.2B
Q2 25
$54.4M
$1.2B
Q1 25
$53.7M
$1.2B
Q4 24
$61.0M
$1.2B
Q3 24
$58.7M
$1.1B
Q2 24
$52.0M
$1.1B
Q1 24
$34.6M
$1.1B
Total Assets
ESOA
ESOA
NIC
NIC
Q4 25
$201.0M
$9.2B
Q3 25
$215.2M
$9.0B
Q2 25
$189.1M
$8.9B
Q1 25
$170.2M
$9.0B
Q4 24
$192.1M
$8.8B
Q3 24
$158.2M
$8.6B
Q2 24
$148.8M
$8.6B
Q1 24
$136.1M
$8.4B
Debt / Equity
ESOA
ESOA
NIC
NIC
Q4 25
1.02×
0.11×
Q3 25
1.22×
0.11×
Q2 25
1.09×
0.11×
Q1 25
0.94×
0.13×
Q4 24
0.98×
0.14×
Q3 24
0.58×
0.14×
Q2 24
0.61×
0.15×
Q1 24
1.32×
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
ESOA
ESOA
NIC
NIC
Operating Cash FlowLast quarter
$18.8M
$153.5M
Free Cash FlowOCF − Capex
$16.8M
$149.4M
FCF MarginFCF / Revenue
14.7%
143.7%
Capex IntensityCapex / Revenue
1.8%
3.9%
Cash ConversionOCF / Net Profit
3.81×
TTM Free Cash FlowTrailing 4 quarters
$3.1M
$275.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ESOA
ESOA
NIC
NIC
Q4 25
$18.8M
$153.5M
Q3 25
$-9.3M
$45.9M
Q2 25
$3.4M
$38.9M
Q1 25
$1.1M
$41.8M
Q4 24
$8.9M
$133.7M
Q3 24
$-847.5K
$39.6M
Q2 24
$19.3M
$37.3M
Q1 24
$-2.7M
$23.4M
Free Cash Flow
ESOA
ESOA
NIC
NIC
Q4 25
$16.8M
$149.4M
Q3 25
$-12.0M
$45.9M
Q2 25
$-582.0K
$38.4M
Q1 25
$-1.1M
$41.3M
Q4 24
$6.0M
$116.8M
Q3 24
$-2.9M
$34.7M
Q2 24
$16.3M
$34.4M
Q1 24
$-4.9M
$20.1M
FCF Margin
ESOA
ESOA
NIC
NIC
Q4 25
14.7%
143.7%
Q3 25
-9.3%
44.6%
Q2 25
-0.6%
40.1%
Q1 25
-1.4%
46.2%
Q4 24
5.9%
126.4%
Q3 24
-2.8%
38.3%
Q2 24
18.9%
40.5%
Q1 24
-6.9%
24.4%
Capex Intensity
ESOA
ESOA
NIC
NIC
Q4 25
1.8%
3.9%
Q3 25
2.1%
0.0%
Q2 25
3.9%
0.6%
Q1 25
2.9%
0.5%
Q4 24
2.9%
18.3%
Q3 24
2.0%
5.4%
Q2 24
3.6%
3.5%
Q1 24
3.1%
4.0%
Cash Conversion
ESOA
ESOA
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.

Revenue Breakdown by Segment

ESOA
ESOA

Electricals Mechanical And General$49.4M43%
Gas And Petroleum Transmission$24.1M21%
Cost Plus And TM Contracts$23.3M20%
Transferred At Point In Time$17.9M16%

NIC
NIC

Segment breakdown not available.

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