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Side-by-side financial comparison of INFINITY NATURAL RESOURCES, INC. (INR) and NICOLET BANKSHARES INC (NIC). Click either name above to swap in a different company.
INFINITY NATURAL RESOURCES, INC. is the larger business by last-quarter revenue ($115.5M vs $104.0M, roughly 1.1× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 17.3%, a 21.4% gap on every dollar of revenue.
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.
INR vs NIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $115.5M | $104.0M |
| Net Profit | $20.0M | $40.3M |
| Gross Margin | — | — |
| Operating Margin | 47.0% | 48.3% |
| Net Margin | 17.3% | 38.8% |
| Revenue YoY | — | 12.5% |
| Net Profit YoY | — | 16.9% |
| EPS (diluted) | $1.33 | $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.
| Q4 25 | $115.5M | $104.0M | ||
| Q3 25 | $78.3M | $102.9M | ||
| Q2 25 | $72.5M | $95.7M | ||
| Q1 25 | $84.2M | $89.4M | ||
| Q4 24 | — | $92.4M | ||
| Q3 24 | — | $90.7M | ||
| Q2 24 | — | $85.0M | ||
| Q1 24 | — | $82.2M |
| Q4 25 | $20.0M | $40.3M | ||
| Q3 25 | $10.4M | $41.7M | ||
| Q2 25 | $18.0M | $36.0M | ||
| Q1 25 | $-34.6M | $32.6M | ||
| Q4 24 | — | $34.5M | ||
| Q3 24 | — | $32.5M | ||
| Q2 24 | — | $29.3M | ||
| Q1 24 | — | $27.8M |
| Q4 25 | 47.0% | 48.3% | ||
| Q3 25 | 30.5% | 50.4% | ||
| Q2 25 | 29.9% | 46.8% | ||
| Q1 25 | -104.5% | 44.9% | ||
| Q4 24 | — | 46.8% | ||
| Q3 24 | — | 45.0% | ||
| Q2 24 | — | 43.3% | ||
| Q1 24 | — | 41.8% |
| Q4 25 | 17.3% | 38.8% | ||
| Q3 25 | 13.3% | 40.6% | ||
| Q2 25 | 24.8% | 37.6% | ||
| Q1 25 | -41.1% | 36.4% | ||
| Q4 24 | — | 37.3% | ||
| Q3 24 | — | 35.8% | ||
| Q2 24 | — | 34.5% | ||
| Q1 24 | — | 33.8% |
| Q4 25 | $1.33 | $2.63 | ||
| Q3 25 | $0.65 | $2.73 | ||
| Q2 25 | $1.18 | $2.34 | ||
| Q1 25 | $-2.27 | $2.08 | ||
| Q4 24 | — | $2.21 | ||
| Q3 24 | — | $2.10 | ||
| Q2 24 | — | $1.92 | ||
| Q1 24 | — | $1.82 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.8M | — |
| Total DebtLower is stronger | $55.0K | $134.9M |
| Stockholders' EquityBook value | $307.1M | $1.3B |
| Total Assets | $1.2B | $9.2B |
| Debt / EquityLower = less leverage | 0.00× | 0.11× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.8M | — | ||
| Q3 25 | $4.6M | — | ||
| Q2 25 | $6.3M | — | ||
| Q1 25 | $4.9M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $55.0K | $134.9M | ||
| Q3 25 | — | $134.6M | ||
| Q2 25 | — | $134.3M | ||
| Q1 25 | $123.0K | $156.6M | ||
| Q4 24 | — | $161.4M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $162.4M | ||
| Q1 24 | — | $162.3M |
| Q4 25 | $307.1M | $1.3B | ||
| Q3 25 | $288.6M | $1.2B | ||
| Q2 25 | $10.1M | $1.2B | ||
| Q1 25 | $-52.2M | $1.2B | ||
| Q4 24 | — | $1.2B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $1.1B |
| Q4 25 | $1.2B | $9.2B | ||
| Q3 25 | $1.1B | $9.0B | ||
| Q2 25 | $1.0B | $8.9B | ||
| Q1 25 | $953.9M | $9.0B | ||
| Q4 24 | — | $8.8B | ||
| Q3 24 | — | $8.6B | ||
| Q2 24 | — | $8.6B | ||
| Q1 24 | — | $8.4B |
| Q4 25 | 0.00× | 0.11× | ||
| Q3 25 | — | 0.11× | ||
| Q2 25 | — | 0.11× | ||
| Q1 25 | — | 0.13× | ||
| Q4 24 | — | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $75.1M | $153.5M |
| Free Cash FlowOCF − Capex | — | $149.4M |
| FCF MarginFCF / Revenue | — | 143.7% |
| Capex IntensityCapex / Revenue | — | 3.9% |
| Cash ConversionOCF / Net Profit | 3.75× | 3.81× |
| TTM Free Cash FlowTrailing 4 quarters | — | $275.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.1M | $153.5M | ||
| Q3 25 | $42.1M | $45.9M | ||
| Q2 25 | $70.4M | $38.9M | ||
| Q1 25 | $74.2M | $41.8M | ||
| Q4 24 | — | $133.7M | ||
| Q3 24 | — | $39.6M | ||
| Q2 24 | — | $37.3M | ||
| Q1 24 | — | $23.4M |
| Q4 25 | — | $149.4M | ||
| Q3 25 | — | $45.9M | ||
| Q2 25 | — | $38.4M | ||
| Q1 25 | — | $41.3M | ||
| Q4 24 | — | $116.8M | ||
| Q3 24 | — | $34.7M | ||
| Q2 24 | — | $34.4M | ||
| Q1 24 | — | $20.1M |
| Q4 25 | — | 143.7% | ||
| Q3 25 | — | 44.6% | ||
| Q2 25 | — | 40.1% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | 126.4% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 40.5% | ||
| Q1 24 | — | 24.4% |
| Q4 25 | — | 3.9% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 0.5% | ||
| Q4 24 | — | 18.3% | ||
| Q3 24 | — | 5.4% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | 4.0% |
| Q4 25 | 3.75× | 3.81× | ||
| Q3 25 | 4.04× | 1.10× | ||
| Q2 25 | 3.91× | 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
INR
| Oil Reserves | $54.0M | 47% |
| Natural Gas Reserves | $46.8M | 41% |
| Natural Gas Liquids Reserves | $14.7M | 13% |
NIC
Segment breakdown not available.
