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Side-by-side financial comparison of Flywire Corp (FLYW) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $157.5M, roughly 1.1× Flywire Corp). PARK NATIONAL CORP runs the higher net margin — 25.3% vs 0.0%, a 25.3% gap on every dollar of revenue. On growth, Flywire Corp posted the faster year-over-year revenue change (34.0% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $4.5M). Over the past eight quarters, Flywire Corp's revenue compounded faster (17.5% CAGR vs 4.9%).
Flywire Corp is a global payment and receivables solutions provider serving core verticals including education, healthcare, travel, and B2B commerce. It offers secure cross-border payment processing, currency conversion, and workflow tools for organizations and payers worldwide.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
FLYW vs PRK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $157.5M | $168.3M |
| Net Profit | $33.0K | $42.6M |
| Gross Margin | — | — |
| Operating Margin | -0.6% | — |
| Net Margin | 0.0% | 25.3% |
| Revenue YoY | 34.0% | 2.2% |
| Net Profit YoY | 100.2% | 10.4% |
| EPS (diluted) | $0.01 | $2.62 |
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 | $157.5M | $168.3M | ||
| Q3 25 | $200.1M | $169.5M | ||
| Q2 25 | $131.9M | $168.7M | ||
| Q1 25 | $133.5M | $157.9M | ||
| Q4 24 | $117.5M | $164.7M | ||
| Q3 24 | $156.8M | $170.3M | ||
| Q2 24 | $103.7M | $157.7M | ||
| Q1 24 | $114.1M | $152.8M |
| Q4 25 | $33.0K | $42.6M | ||
| Q3 25 | $29.6M | $47.2M | ||
| Q2 25 | $-12.0M | $48.1M | ||
| Q1 25 | $-4.2M | $42.2M | ||
| Q4 24 | $-15.9M | $38.6M | ||
| Q3 24 | $38.9M | $38.2M | ||
| Q2 24 | $-13.9M | $39.4M | ||
| Q1 24 | $-6.2M | $35.2M |
| Q4 25 | -0.6% | — | ||
| Q3 25 | 16.1% | 34.3% | ||
| Q2 25 | -6.8% | 35.2% | ||
| Q1 25 | -8.2% | 32.4% | ||
| Q4 24 | -4.9% | — | ||
| Q3 24 | 12.9% | 27.4% | ||
| Q2 24 | -15.2% | 30.6% | ||
| Q1 24 | -5.2% | 27.8% |
| Q4 25 | 0.0% | 25.3% | ||
| Q3 25 | 14.8% | 27.8% | ||
| Q2 25 | -9.1% | 28.5% | ||
| Q1 25 | -3.1% | 26.7% | ||
| Q4 24 | -13.5% | 23.5% | ||
| Q3 24 | 24.8% | 22.4% | ||
| Q2 24 | -13.4% | 25.0% | ||
| Q1 24 | -5.4% | 23.0% |
| Q4 25 | $0.01 | $2.62 | ||
| Q3 25 | $0.23 | $2.92 | ||
| Q2 25 | $-0.10 | $2.97 | ||
| Q1 25 | $-0.03 | $2.60 | ||
| Q4 24 | $-0.12 | $2.38 | ||
| Q3 24 | $0.30 | $2.35 | ||
| Q2 24 | $-0.11 | $2.42 | ||
| Q1 24 | $-0.05 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $355.0M | $233.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $835.2M | $1.4B |
| Total Assets | $1.3B | $9.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $355.0M | $233.5M | ||
| Q3 25 | $377.3M | $218.9M | ||
| Q2 25 | $274.2M | $193.1M | ||
| Q1 25 | $255.3M | $237.6M | ||
| Q4 24 | $611.1M | $160.6M | ||
| Q3 24 | $681.1M | $201.7M | ||
| Q2 24 | $571.0M | $261.5M | ||
| Q1 24 | $619.0M | $306.1M |
| Q4 25 | — | — | ||
| Q3 25 | $15.0M | — | ||
| Q2 25 | $60.0M | — | ||
| Q1 25 | $60.0M | — | ||
| Q4 24 | $0 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $835.2M | $1.4B | ||
| Q3 25 | $829.1M | $1.3B | ||
| Q2 25 | $792.4M | $1.3B | ||
| Q1 25 | $784.3M | $1.3B | ||
| Q4 24 | $814.8M | $1.2B | ||
| Q3 24 | $843.2M | $1.2B | ||
| Q2 24 | $802.6M | $1.2B | ||
| Q1 24 | $-797.0M | $1.2B |
| Q4 25 | $1.3B | $9.8B | ||
| Q3 25 | $1.3B | $9.9B | ||
| Q2 25 | $1.1B | $9.9B | ||
| Q1 25 | $1.1B | $9.9B | ||
| Q4 24 | $1.1B | $9.8B | ||
| Q3 24 | $1.2B | $9.9B | ||
| Q2 24 | $998.7M | $9.9B | ||
| Q1 24 | $998.7M | $9.9B |
| Q4 25 | — | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.08× | — | ||
| Q1 25 | 0.08× | — | ||
| Q4 24 | 0.00× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $4.9M | $198.3M |
| Free Cash FlowOCF − Capex | $4.5M | $191.9M |
| FCF MarginFCF / Revenue | 2.9% | 114.1% |
| Capex IntensityCapex / Revenue | 0.2% | 3.8% |
| Cash ConversionOCF / Net Profit | 148.06× | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $98.8M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.9M | $198.3M | ||
| Q3 25 | $150.1M | $52.6M | ||
| Q2 25 | $24.1M | $49.7M | ||
| Q1 25 | $-78.9M | $37.9M | ||
| Q4 24 | $-28.6M | $178.8M | ||
| Q3 24 | $184.6M | $43.8M | ||
| Q2 24 | $-19.3M | $50.9M | ||
| Q1 24 | $-38.1M | $35.0M |
| Q4 25 | $4.5M | $191.9M | ||
| Q3 25 | $149.9M | $51.1M | ||
| Q2 25 | $23.5M | $48.4M | ||
| Q1 25 | $-79.1M | $36.8M | ||
| Q4 24 | $-28.7M | $169.7M | ||
| Q3 24 | $184.4M | $41.7M | ||
| Q2 24 | $-19.7M | $49.0M | ||
| Q1 24 | $-38.3M | $31.9M |
| Q4 25 | 2.9% | 114.1% | ||
| Q3 25 | 74.9% | 30.1% | ||
| Q2 25 | 17.8% | 28.7% | ||
| Q1 25 | -59.3% | 23.3% | ||
| Q4 24 | -24.4% | 103.0% | ||
| Q3 24 | 117.6% | 24.5% | ||
| Q2 24 | -19.0% | 31.1% | ||
| Q1 24 | -33.6% | 20.8% |
| Q4 25 | 0.2% | 3.8% | ||
| Q3 25 | 0.1% | 0.9% | ||
| Q2 25 | 0.4% | 0.8% | ||
| Q1 25 | 0.1% | 0.7% | ||
| Q4 24 | 0.1% | 5.6% | ||
| Q3 24 | 0.1% | 1.2% | ||
| Q2 24 | 0.3% | 1.2% | ||
| Q1 24 | 0.2% | 2.1% |
| Q4 25 | 148.06× | 4.65× | ||
| Q3 25 | 5.07× | 1.11× | ||
| Q2 25 | — | 1.03× | ||
| Q1 25 | — | 0.90× | ||
| Q4 24 | — | 4.63× | ||
| Q3 24 | 4.75× | 1.14× | ||
| Q2 24 | — | 1.29× | ||
| Q1 24 | — | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FLYW
| Transactions | $126.4M | 80% |
| Platform And Other Revenues | $31.1M | 20% |
PRK
Segment breakdown not available.
