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Side-by-side financial comparison of National CineMedia, Inc. (NCMI) and Velocity Financial, Inc. (VEL). Click either name above to swap in a different company.
National CineMedia, Inc. is the larger business by last-quarter revenue ($63.4M vs $51.6M, roughly 1.2× Velocity Financial, Inc.). Velocity Financial, Inc. runs the higher net margin — 67.3% vs 2.5%, a 64.8% gap on every dollar of revenue. On growth, Velocity Financial, Inc. posted the faster year-over-year revenue change (32.8% vs 1.6%). Velocity Financial, Inc. produced more free cash flow last quarter ($17.9M vs $-2.0M). Over the past eight quarters, Velocity Financial, Inc.'s revenue compounded faster (32.3% CAGR vs -16.4%).
National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.
Velocity Financial, Inc. is a U.S.-headquartered real estate finance company that offers specialized mortgage loan solutions primarily for residential investment properties. It partners with independent mortgage brokers nationwide, providing real estate investors with short-term bridge loans and long-term rental property financing options tailored to their operational needs.
NCMI vs VEL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $63.4M | $51.6M |
| Net Profit | $1.6M | $34.8M |
| Gross Margin | 95.0% | — |
| Operating Margin | -2.8% | 97.0% |
| Net Margin | 2.5% | 67.3% |
| Revenue YoY | 1.6% | 32.8% |
| Net Profit YoY | 144.4% | 67.0% |
| EPS (diluted) | $0.02 | $0.90 |
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 | — | $51.6M | ||
| Q3 25 | $63.4M | $49.1M | ||
| Q2 25 | $51.8M | $47.6M | ||
| Q1 25 | $34.9M | $37.5M | ||
| Q4 24 | $86.3M | $38.9M | ||
| Q3 24 | $62.4M | $35.1M | ||
| Q2 24 | $54.7M | $32.4M | ||
| Q1 24 | $37.4M | $29.5M |
| Q4 25 | — | $34.8M | ||
| Q3 25 | $1.6M | $25.4M | ||
| Q2 25 | $-10.7M | $26.0M | ||
| Q1 25 | $-30.7M | $18.9M | ||
| Q4 24 | $24.7M | $20.8M | ||
| Q3 24 | $-3.6M | $15.8M | ||
| Q2 24 | $-8.7M | $14.8M | ||
| Q1 24 | $-34.7M | $17.3M |
| Q4 25 | — | — | ||
| Q3 25 | 95.0% | — | ||
| Q2 25 | 93.8% | — | ||
| Q1 25 | 91.1% | — | ||
| Q4 24 | 96.4% | — | ||
| Q3 24 | 94.7% | — | ||
| Q2 24 | 93.2% | — | ||
| Q1 24 | 90.4% | — |
| Q4 25 | — | 97.0% | ||
| Q3 25 | -2.8% | 72.1% | ||
| Q2 25 | -23.2% | 71.3% | ||
| Q1 25 | -68.5% | 71.7% | ||
| Q4 24 | 23.2% | 82.5% | ||
| Q3 24 | -12.0% | 60.6% | ||
| Q2 24 | -17.0% | 61.3% | ||
| Q1 24 | -60.7% | 78.8% |
| Q4 25 | — | 67.3% | ||
| Q3 25 | 2.5% | 51.7% | ||
| Q2 25 | -20.7% | 54.6% | ||
| Q1 25 | -88.0% | 50.4% | ||
| Q4 24 | 28.6% | 53.5% | ||
| Q3 24 | -5.8% | 45.1% | ||
| Q2 24 | -15.9% | 45.6% | ||
| Q1 24 | -92.8% | 58.5% |
| Q4 25 | — | $0.90 | ||
| Q3 25 | $0.02 | $0.65 | ||
| Q2 25 | $-0.11 | $0.69 | ||
| Q1 25 | $-0.32 | $0.51 | ||
| Q4 24 | $0.26 | $0.56 | ||
| Q3 24 | $-0.04 | $0.44 | ||
| Q2 24 | $-0.09 | $0.42 | ||
| Q1 24 | $-0.36 | $0.49 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $29.9M | $92.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $350.5M | $672.5M |
| Total Assets | $451.9M | $7.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $92.1M | ||
| Q3 25 | $29.9M | $99.0M | ||
| Q2 25 | $37.2M | $79.6M | ||
| Q1 25 | $59.8M | $51.7M | ||
| Q4 24 | $75.2M | $49.9M | ||
| Q3 24 | $49.5M | $44.1M | ||
| Q2 24 | $53.8M | $47.4M | ||
| Q1 24 | $57.1M | $34.8M |
| Q4 25 | — | $672.5M | ||
| Q3 25 | $350.5M | $634.3M | ||
| Q2 25 | $350.0M | $597.9M | ||
| Q1 25 | $370.8M | $563.2M | ||
| Q4 24 | $411.2M | $516.9M | ||
| Q3 24 | $385.5M | $484.6M | ||
| Q2 24 | $387.9M | $471.3M | ||
| Q1 24 | $402.3M | $452.9M |
| Q4 25 | — | $7.4B | ||
| Q3 25 | $451.9M | $7.0B | ||
| Q2 25 | $462.0M | $6.5B | ||
| Q1 25 | $503.8M | $6.0B | ||
| Q4 24 | $568.6M | $5.5B | ||
| Q3 24 | $526.1M | $5.2B | ||
| Q2 24 | $527.2M | $4.9B | ||
| Q1 24 | $538.6M | $4.6B |
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 | $-1.0M | $18.2M |
| Free Cash FlowOCF − Capex | $-2.0M | $17.9M |
| FCF MarginFCF / Revenue | -3.2% | 34.6% |
| Capex IntensityCapex / Revenue | 1.6% | 0.5% |
| Cash ConversionOCF / Net Profit | -0.63× | 0.52× |
| TTM Free Cash FlowTrailing 4 quarters | $24.8M | $40.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $18.2M | ||
| Q3 25 | $-1.0M | $11.5M | ||
| Q2 25 | $-4.9M | $7.7M | ||
| Q1 25 | $6.0M | $3.5M | ||
| Q4 24 | $30.5M | $37.8M | ||
| Q3 24 | $-2.0M | $-17.6M | ||
| Q2 24 | $7.7M | $11.5M | ||
| Q1 24 | $24.1M | $10.6M |
| Q4 25 | — | $17.9M | ||
| Q3 25 | $-2.0M | $11.4M | ||
| Q2 25 | $-6.6M | $7.6M | ||
| Q1 25 | $5.3M | $3.5M | ||
| Q4 24 | $28.1M | $37.5M | ||
| Q3 24 | $-2.6M | $-17.6M | ||
| Q2 24 | $6.4M | $11.4M | ||
| Q1 24 | $22.6M | $10.5M |
| Q4 25 | — | 34.6% | ||
| Q3 25 | -3.2% | 23.2% | ||
| Q2 25 | -12.7% | 15.9% | ||
| Q1 25 | 15.2% | 9.2% | ||
| Q4 24 | 32.6% | 96.4% | ||
| Q3 24 | -4.2% | -50.3% | ||
| Q2 24 | 11.7% | 35.1% | ||
| Q1 24 | 60.4% | 35.8% |
| Q4 25 | — | 0.5% | ||
| Q3 25 | 1.6% | 0.1% | ||
| Q2 25 | 3.3% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 2.8% | 0.7% | ||
| Q3 24 | 1.0% | 0.2% | ||
| Q2 24 | 2.4% | 0.3% | ||
| Q1 24 | 4.0% | 0.1% |
| Q4 25 | — | 0.52× | ||
| Q3 25 | -0.63× | 0.45× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.19× | ||
| Q4 24 | 1.23× | 1.81× | ||
| Q3 24 | — | -1.11× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.61× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NCMI
| National Advertising Revenue | $49.9M | 79% |
| Local Advertising Revenue | $9.6M | 15% |
| Founding Member Advertising Revenue From Beverage Concessionaire Agreements | $3.9M | 6% |
VEL
| Related Party | $19.3M | 37% |
| Nonrelated Party | $16.9M | 33% |
| Other | $15.4M | 30% |
