vs
Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $62.2M, roughly 1.7× Ouster, Inc.). On growth, Ouster, Inc. posted the faster year-over-year revenue change (106.6% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $-37.2M). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (54.8% CAGR vs 12.5%).
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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
NIC vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $62.2M |
| Net Profit | $40.3M | — |
| Gross Margin | — | 60.2% |
| Operating Margin | 48.3% | 1.5% |
| Net Margin | 38.8% | — |
| Revenue YoY | 12.5% | 106.6% |
| Net Profit YoY | 16.9% | — |
| EPS (diluted) | $2.63 | $0.10 |
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 | $104.0M | $62.2M | ||
| Q3 25 | $102.9M | $39.5M | ||
| Q2 25 | $95.7M | $35.0M | ||
| Q1 25 | $89.4M | $32.6M | ||
| Q4 24 | $92.4M | $30.1M | ||
| Q3 24 | $90.7M | $28.1M | ||
| Q2 24 | $85.0M | $27.0M | ||
| Q1 24 | $82.2M | $25.9M |
| Q4 25 | $40.3M | — | ||
| Q3 25 | $41.7M | $-21.7M | ||
| Q2 25 | $36.0M | $-20.6M | ||
| Q1 25 | $32.6M | $-22.0M | ||
| Q4 24 | $34.5M | — | ||
| Q3 24 | $32.5M | $-25.6M | ||
| Q2 24 | $29.3M | $-23.9M | ||
| Q1 24 | $27.8M | $-23.8M |
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% | ||
| Q1 24 | — | 28.6% |
| Q4 25 | 48.3% | 1.5% | ||
| Q3 25 | 50.4% | -61.4% | ||
| Q2 25 | 46.8% | -76.5% | ||
| Q1 25 | 44.9% | -73.0% | ||
| Q4 24 | 46.8% | -85.1% | ||
| Q3 24 | 45.0% | -98.0% | ||
| Q2 24 | 43.3% | -93.6% | ||
| Q1 24 | 41.8% | -99.5% |
| Q4 25 | 38.8% | — | ||
| Q3 25 | 40.6% | -55.0% | ||
| Q2 25 | 37.6% | -58.8% | ||
| Q1 25 | 36.4% | -67.5% | ||
| Q4 24 | 37.3% | — | ||
| Q3 24 | 35.8% | -91.1% | ||
| Q2 24 | 34.5% | -88.4% | ||
| Q1 24 | 33.8% | -91.9% |
| Q4 25 | $2.63 | $0.10 | ||
| Q3 25 | $2.73 | $-0.37 | ||
| Q2 25 | $2.34 | $-0.38 | ||
| Q1 25 | $2.08 | $-0.42 | ||
| Q4 24 | $2.21 | $-0.46 | ||
| Q3 24 | $2.10 | $-0.54 | ||
| Q2 24 | $1.92 | $-0.53 | ||
| Q1 24 | $1.82 | $-0.55 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $208.6M |
| Total DebtLower is stronger | $134.9M | — |
| Stockholders' EquityBook value | $1.3B | $261.7M |
| Total Assets | $9.2B | $349.5M |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $208.6M | ||
| Q3 25 | — | $244.5M | ||
| Q2 25 | — | $226.5M | ||
| Q1 25 | — | $168.2M | ||
| Q4 24 | — | $172.0M | ||
| Q3 24 | — | $151.4M | ||
| Q2 24 | — | $184.2M | ||
| Q1 24 | — | $187.8M |
| Q4 25 | $134.9M | — | ||
| Q3 25 | $134.6M | — | ||
| Q2 25 | $134.3M | — | ||
| Q1 25 | $156.6M | — | ||
| Q4 24 | $161.4M | — | ||
| Q3 24 | $161.2M | — | ||
| Q2 24 | $162.4M | — | ||
| Q1 24 | $162.3M | — |
| Q4 25 | $1.3B | $261.7M | ||
| Q3 25 | $1.2B | $247.4M | ||
| Q2 25 | $1.2B | $221.0M | ||
| Q1 25 | $1.2B | $167.9M | ||
| Q4 24 | $1.2B | $180.9M | ||
| Q3 24 | $1.1B | $171.7M | ||
| Q2 24 | $1.1B | $170.6M | ||
| Q1 24 | $1.1B | $167.2M |
| Q4 25 | $9.2B | $349.5M | ||
| Q3 25 | $9.0B | $353.8M | ||
| Q2 25 | $8.9B | $321.8M | ||
| Q1 25 | $9.0B | $268.6M | ||
| Q4 24 | $8.8B | $276.1M | ||
| Q3 24 | $8.6B | $255.2M | ||
| Q2 24 | $8.6B | $309.9M | ||
| Q1 24 | $8.4B | $317.7M |
| Q4 25 | 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 | $153.5M | $-15.4M |
| Free Cash FlowOCF − Capex | $149.4M | $-37.2M |
| FCF MarginFCF / Revenue | 143.7% | -59.8% |
| Capex IntensityCapex / Revenue | 3.9% | 35.0% |
| Cash ConversionOCF / Net Profit | 3.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $-64.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $-15.4M | ||
| Q3 25 | $45.9M | $-18.3M | ||
| Q2 25 | $38.9M | $-1.3M | ||
| Q1 25 | $41.8M | $-4.9M | ||
| Q4 24 | $133.7M | $-2.6M | ||
| Q3 24 | $39.6M | $-3.8M | ||
| Q2 24 | $37.3M | $-21.6M | ||
| Q1 24 | $23.4M | $-5.7M |
| Q4 25 | $149.4M | $-37.2M | ||
| Q3 25 | $45.9M | $-20.0M | ||
| Q2 25 | $38.4M | $-2.2M | ||
| Q1 25 | $41.3M | $-5.4M | ||
| Q4 24 | $116.8M | $-4.0M | ||
| Q3 24 | $34.7M | $-4.3M | ||
| Q2 24 | $34.4M | $-22.0M | ||
| Q1 24 | $20.1M | $-7.1M |
| Q4 25 | 143.7% | -59.8% | ||
| Q3 25 | 44.6% | -50.7% | ||
| Q2 25 | 40.1% | -6.3% | ||
| Q1 25 | 46.2% | -16.6% | ||
| Q4 24 | 126.4% | -13.3% | ||
| Q3 24 | 38.3% | -15.4% | ||
| Q2 24 | 40.5% | -81.5% | ||
| Q1 24 | 24.4% | -27.4% |
| Q4 25 | 3.9% | 35.0% | ||
| Q3 25 | 0.0% | 4.3% | ||
| Q2 25 | 0.6% | 2.5% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 18.3% | 4.8% | ||
| Q3 24 | 5.4% | 2.0% | ||
| Q2 24 | 3.5% | 1.3% | ||
| Q1 24 | 4.0% | 5.3% |
| 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.
