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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and Pacira BioSciences, Inc. (PCRX). Click either name above to swap in a different company.

Pacira BioSciences, Inc. is the larger business by last-quarter revenue ($177.4M vs $104.0M, roughly 1.7× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 1.6%, a 37.1% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 5.0%). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs -0.2%).

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.

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

NIC vs PCRX — Head-to-Head

Bigger by revenue
PCRX
PCRX
1.7× larger
PCRX
$177.4M
$104.0M
NIC
Growing faster (revenue YoY)
NIC
NIC
+7.5% gap
NIC
12.5%
5.0%
PCRX
Higher net margin
NIC
NIC
37.1% more per $
NIC
38.8%
1.6%
PCRX
Faster 2-yr revenue CAGR
NIC
NIC
Annualised
NIC
12.5%
-0.2%
PCRX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NIC
NIC
PCRX
PCRX
Revenue
$104.0M
$177.4M
Net Profit
$40.3M
$2.9M
Gross Margin
Operating Margin
48.3%
3.9%
Net Margin
38.8%
1.6%
Revenue YoY
12.5%
5.0%
Net Profit YoY
16.9%
EPS (diluted)
$2.63
$0.07

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.

Revenue
NIC
NIC
PCRX
PCRX
Q1 26
$177.4M
Q4 25
$104.0M
$196.9M
Q3 25
$102.9M
$179.5M
Q2 25
$95.7M
$181.1M
Q1 25
$89.4M
$168.9M
Q4 24
$92.4M
$187.3M
Q3 24
$90.7M
$168.6M
Q2 24
$85.0M
$178.0M
Net Profit
NIC
NIC
PCRX
PCRX
Q1 26
$2.9M
Q4 25
$40.3M
Q3 25
$41.7M
$5.4M
Q2 25
$36.0M
$-4.8M
Q1 25
$32.6M
$4.8M
Q4 24
$34.5M
Q3 24
$32.5M
$-143.5M
Q2 24
$29.3M
$18.9M
Gross Margin
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
79.5%
Q3 25
80.9%
Q2 25
77.4%
Q1 25
79.7%
Q4 24
78.7%
Q3 24
76.9%
Q2 24
75.1%
Operating Margin
NIC
NIC
PCRX
PCRX
Q1 26
3.9%
Q4 25
48.3%
1.2%
Q3 25
50.4%
3.5%
Q2 25
46.8%
4.7%
Q1 25
44.9%
1.2%
Q4 24
46.8%
13.2%
Q3 24
45.0%
-82.8%
Q2 24
43.3%
15.9%
Net Margin
NIC
NIC
PCRX
PCRX
Q1 26
1.6%
Q4 25
38.8%
Q3 25
40.6%
3.0%
Q2 25
37.6%
-2.7%
Q1 25
36.4%
2.8%
Q4 24
37.3%
Q3 24
35.8%
-85.1%
Q2 24
34.5%
10.6%
EPS (diluted)
NIC
NIC
PCRX
PCRX
Q1 26
$0.07
Q4 25
$2.63
$0.05
Q3 25
$2.73
$0.12
Q2 25
$2.34
$-0.11
Q1 25
$2.08
$0.10
Q4 24
$2.21
$0.38
Q3 24
$2.10
$-3.11
Q2 24
$1.92
$0.39

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NIC
NIC
PCRX
PCRX
Cash + ST InvestmentsLiquidity on hand
$144.3M
Total DebtLower is stronger
$134.9M
Stockholders' EquityBook value
$1.3B
$653.9M
Total Assets
$9.2B
$1.2B
Debt / EquityLower = less leverage
0.11×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIC
NIC
PCRX
PCRX
Q1 26
$144.3M
Q4 25
$238.4M
Q3 25
$246.3M
Q2 25
$445.9M
Q1 25
$493.6M
Q4 24
$484.6M
Q3 24
$453.8M
Q2 24
$404.2M
Total Debt
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
$134.9M
$372.2M
Q3 25
$134.6M
$376.7M
Q2 25
$134.3M
$580.5M
Q1 25
$156.6M
$583.4M
Q4 24
$161.4M
$585.3M
Q3 24
$161.2M
Q2 24
$162.4M
Stockholders' Equity
NIC
NIC
PCRX
PCRX
Q1 26
$653.9M
Q4 25
$1.3B
$693.1M
Q3 25
$1.2B
$727.2M
Q2 25
$1.2B
$757.8M
Q1 25
$1.2B
$798.5M
Q4 24
$1.2B
$778.3M
Q3 24
$1.1B
$749.6M
Q2 24
$1.1B
$879.3M
Total Assets
NIC
NIC
PCRX
PCRX
Q1 26
$1.2B
Q4 25
$9.2B
$1.3B
Q3 25
$9.0B
$1.3B
Q2 25
$8.9B
$1.5B
Q1 25
$9.0B
$1.6B
Q4 24
$8.8B
$1.6B
Q3 24
$8.6B
$1.5B
Q2 24
$8.6B
$1.6B
Debt / Equity
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
0.11×
0.54×
Q3 25
0.11×
0.52×
Q2 25
0.11×
0.77×
Q1 25
0.13×
0.73×
Q4 24
0.14×
0.75×
Q3 24
0.14×
Q2 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
NIC
NIC
PCRX
PCRX
Operating Cash FlowLast quarter
$153.5M
Free Cash FlowOCF − Capex
$149.4M
FCF MarginFCF / Revenue
143.7%
Capex IntensityCapex / Revenue
3.9%
Cash ConversionOCF / Net Profit
3.81×
TTM Free Cash FlowTrailing 4 quarters
$275.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
$153.5M
$43.7M
Q3 25
$45.9M
$60.8M
Q2 25
$38.9M
$12.0M
Q1 25
$41.8M
$35.5M
Q4 24
$133.7M
$33.1M
Q3 24
$39.6M
$53.9M
Q2 24
$37.3M
$53.2M
Free Cash Flow
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
$149.4M
$43.5M
Q3 25
$45.9M
$57.0M
Q2 25
$38.4M
$9.3M
Q1 25
$41.3M
$26.9M
Q4 24
$116.8M
$31.0M
Q3 24
$34.7M
$49.8M
Q2 24
$34.4M
$51.6M
FCF Margin
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
143.7%
22.1%
Q3 25
44.6%
31.7%
Q2 25
40.1%
5.1%
Q1 25
46.2%
15.9%
Q4 24
126.4%
16.6%
Q3 24
38.3%
29.6%
Q2 24
40.5%
29.0%
Capex Intensity
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
3.9%
0.1%
Q3 25
0.0%
2.2%
Q2 25
0.6%
1.5%
Q1 25
0.5%
5.1%
Q4 24
18.3%
1.1%
Q3 24
5.4%
2.4%
Q2 24
3.5%
0.9%
Cash Conversion
NIC
NIC
PCRX
PCRX
Q1 26
Q4 25
3.81×
Q3 25
1.10×
11.20×
Q2 25
1.08×
Q1 25
1.28×
7.37×
Q4 24
3.88×
Q3 24
1.22×
Q2 24
1.28×
2.82×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NIC
NIC

Segment breakdown not available.

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

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