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Side-by-side financial comparison of First Foundation Inc. (FFWM) and NATIONAL RESEARCH CORP (NRC). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $35.2M, roughly 1.4× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -97.9%, a 103.0% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs -4.6%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $-35.2M). Over the past eight quarters, NATIONAL RESEARCH CORP's revenue compounded faster (-0.2% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
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.
FFWM vs NRC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $35.2M |
| Net Profit | $-8.0M | $1.8M |
| Gross Margin | — | — |
| Operating Margin | -97.5% | 13.3% |
| Net Margin | -97.9% | 5.1% |
| Revenue YoY | 421.7% | -4.6% |
| Net Profit YoY | 43.0% | -72.6% |
| EPS (diluted) | $-0.09 | $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 | $48.4M | $35.2M | ||
| Q3 25 | $63.6M | $34.6M | ||
| Q2 25 | $51.4M | $34.0M | ||
| Q1 25 | $71.4M | $33.6M | ||
| Q4 24 | $9.3M | $36.9M | ||
| Q3 24 | $9.2M | $35.8M | ||
| Q2 24 | $57.5M | $35.0M | ||
| Q1 24 | $51.1M | $35.3M |
| Q4 25 | $-8.0M | $1.8M | ||
| Q3 25 | $-146.3M | $4.1M | ||
| Q2 25 | $-7.7M | $-106.0K | ||
| Q1 25 | $6.9M | $5.8M | ||
| Q4 24 | $-14.1M | $6.6M | ||
| Q3 24 | $-82.2M | $5.7M | ||
| Q2 24 | $3.1M | $6.2M | ||
| Q1 24 | $793.0K | $6.4M |
| Q4 25 | -97.5% | 13.3% | ||
| Q3 25 | -92.7% | 22.4% | ||
| Q2 25 | -21.1% | 4.7% | ||
| Q1 25 | 8.8% | 25.6% | ||
| Q4 24 | -247.7% | 26.0% | ||
| Q3 24 | -1276.7% | 22.3% | ||
| Q2 24 | 4.6% | 25.3% | ||
| Q1 24 | -0.2% | 24.8% |
| Q4 25 | -97.9% | 5.1% | ||
| Q3 25 | -230.1% | 11.9% | ||
| Q2 25 | -15.0% | -0.3% | ||
| Q1 25 | 9.7% | 17.2% | ||
| Q4 24 | -152.2% | 17.8% | ||
| Q3 24 | -896.9% | 15.9% | ||
| Q2 24 | 5.4% | 17.6% | ||
| Q1 24 | 1.6% | 18.0% |
| Q4 25 | $-0.09 | $49.58 | ||
| Q3 25 | $-1.78 | $0.18 | ||
| Q2 25 | $-0.09 | $-0.01 | ||
| Q1 25 | $0.08 | $0.25 | ||
| Q4 24 | $-0.24 | $0.27 | ||
| Q3 24 | $-1.23 | $0.24 | ||
| Q2 24 | $0.05 | $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 | $1.6B | $4.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $912.6M | $14.0M |
| Total Assets | $11.9B | $134.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $4.1M | ||
| Q3 25 | $1.7B | $2.2M | ||
| Q2 25 | $1.1B | $5.3M | ||
| Q1 25 | $1.0B | $2.5M | ||
| Q4 24 | $1.0B | $4.2M | ||
| Q3 24 | $1.1B | $3.5M | ||
| Q2 24 | $1.4B | $485.0K | ||
| Q1 24 | $1.6B | $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 | $912.6M | $14.0M | ||
| Q3 25 | $917.9M | $14.3M | ||
| Q2 25 | $1.1B | $21.3M | ||
| Q1 25 | $1.1B | $29.7M | ||
| Q4 24 | $1.1B | $31.3M | ||
| Q3 24 | $1.1B | $34.6M | ||
| Q2 24 | $933.2M | $40.2M | ||
| Q1 24 | $928.7M | $36.9M |
| Q4 25 | $11.9B | $134.9M | ||
| Q3 25 | $11.9B | $135.7M | ||
| Q2 25 | $11.6B | $141.4M | ||
| Q1 25 | $12.6B | $135.2M | ||
| Q4 24 | $12.6B | $132.5M | ||
| Q3 24 | $13.4B | $131.8M | ||
| Q2 24 | $13.7B | $119.1M | ||
| Q1 24 | $13.6B | $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 | $-31.9M | $7.2M |
| Free Cash FlowOCF − Capex | $-35.2M | $6.1M |
| FCF MarginFCF / Revenue | -72.8% | 17.2% |
| Capex IntensityCapex / Revenue | 6.9% | 3.2% |
| Cash ConversionOCF / Net Profit | — | 3.99× |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $15.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $7.2M | ||
| Q3 25 | $9.2M | $13.8M | ||
| Q2 25 | $-16.3M | $-1.1M | ||
| Q1 25 | $-552.0K | $6.6M | ||
| Q4 24 | $-8.7M | $6.4M | ||
| Q3 24 | $14.2M | $9.4M | ||
| Q2 24 | $-9.1M | $6.8M | ||
| Q1 24 | $7.2M | $12.0M |
| Q4 25 | $-35.2M | $6.1M | ||
| Q3 25 | $8.6M | $10.2M | ||
| Q2 25 | $-16.7M | $-4.1M | ||
| Q1 25 | $-2.5M | $3.7M | ||
| Q4 24 | $-11.4M | $1.9M | ||
| Q3 24 | $13.4M | $7.8M | ||
| Q2 24 | $-9.4M | $1.5M | ||
| Q1 24 | $5.9M | $7.9M |
| Q4 25 | -72.8% | 17.2% | ||
| Q3 25 | 13.5% | 29.4% | ||
| Q2 25 | -32.4% | -12.2% | ||
| Q1 25 | -3.5% | 10.9% | ||
| Q4 24 | -123.5% | 5.2% | ||
| Q3 24 | 146.2% | 21.8% | ||
| Q2 24 | -16.3% | 4.3% | ||
| Q1 24 | 11.6% | 22.4% |
| Q4 25 | 6.9% | 3.2% | ||
| Q3 25 | 1.0% | 10.4% | ||
| Q2 25 | 0.8% | 8.8% | ||
| Q1 25 | 2.8% | 8.9% | ||
| Q4 24 | 29.4% | 12.0% | ||
| Q3 24 | 9.0% | 4.5% | ||
| Q2 24 | 0.4% | 15.0% | ||
| Q1 24 | 2.5% | 11.7% |
| Q4 25 | — | 3.99× | ||
| Q3 25 | — | 3.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | 1.15× | ||
| Q4 24 | — | 0.97× | ||
| Q3 24 | — | 1.66× | ||
| Q2 24 | -2.96× | 1.10× | ||
| Q1 24 | 9.09× | 1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
