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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $104.0M, roughly 1.2× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -3.9%, a 42.7% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 12.5%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
NIC vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $121.1M |
| Net Profit | $40.3M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | 48.3% | 34.7% |
| Net Margin | 38.8% | -3.9% |
| Revenue YoY | 12.5% | 100.0% |
| Net Profit YoY | 16.9% | 2.0% |
| EPS (diluted) | $2.63 | $-0.04 |
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.
| Q1 26 | — | $121.1M | ||
| Q4 25 | $104.0M | $112.3M | ||
| Q3 25 | $102.9M | $115.1M | ||
| Q2 25 | $95.7M | $107.0M | ||
| Q1 25 | $89.4M | $84.5M | ||
| Q4 24 | $92.4M | $75.3M | ||
| Q3 24 | $90.7M | $77.7M | ||
| Q2 24 | $85.0M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $40.3M | $-3.5M | ||
| Q3 25 | $41.7M | $-10.9M | ||
| Q2 25 | $36.0M | $2.6M | ||
| Q1 25 | $32.6M | $8.4M | ||
| Q4 24 | $34.5M | $30.5M | ||
| Q3 24 | $32.5M | $14.4M | ||
| Q2 24 | $29.3M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 48.3% | 14.7% | ||
| Q3 25 | 50.4% | 14.2% | ||
| Q2 25 | 46.8% | 4.7% | ||
| Q1 25 | 44.9% | -1.5% | ||
| Q4 24 | 46.8% | 33.3% | ||
| Q3 24 | 45.0% | -3.2% | ||
| Q2 24 | 43.3% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 38.8% | -3.1% | ||
| Q3 25 | 40.6% | -9.4% | ||
| Q2 25 | 37.6% | 2.4% | ||
| Q1 25 | 36.4% | 9.9% | ||
| Q4 24 | 37.3% | 40.5% | ||
| Q3 24 | 35.8% | 18.5% | ||
| Q2 24 | 34.5% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $2.63 | $0.00 | ||
| Q3 25 | $2.73 | $-0.10 | ||
| Q2 25 | $2.34 | $0.00 | ||
| Q1 25 | $2.08 | $0.07 | ||
| Q4 24 | $2.21 | $0.34 | ||
| Q3 24 | $2.10 | $0.12 | ||
| Q2 24 | $1.92 | $-0.65 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $68.4M |
| Total DebtLower is stronger | $134.9M | $391.3M |
| Stockholders' EquityBook value | $1.3B | $26.3M |
| Total Assets | $9.2B | $806.6M |
| Debt / EquityLower = less leverage | 0.11× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | — | $57.3M | ||
| Q3 25 | — | $85.0M | ||
| Q2 25 | — | $79.8M | ||
| Q1 25 | — | $70.4M | ||
| Q4 24 | — | $191.7M | ||
| Q3 24 | — | $238.6M | ||
| Q2 24 | — | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $134.9M | $392.8M | ||
| Q3 25 | $134.6M | $387.1M | ||
| Q2 25 | $134.3M | $394.1M | ||
| Q1 25 | $156.6M | $409.2M | ||
| Q4 24 | $161.4M | $403.9M | ||
| Q3 24 | $161.2M | $399.0M | ||
| Q2 24 | $162.4M | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $1.3B | $-24.6M | ||
| Q3 25 | $1.2B | $-27.9M | ||
| Q2 25 | $1.2B | $-29.3M | ||
| Q1 25 | $1.2B | $-52.4M | ||
| Q4 24 | $1.2B | $-43.2M | ||
| Q3 24 | $1.1B | $-77.0M | ||
| Q2 24 | $1.1B | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $9.2B | $797.4M | ||
| Q3 25 | $9.0B | $787.7M | ||
| Q2 25 | $8.9B | $770.7M | ||
| Q1 25 | $9.0B | $802.3M | ||
| Q4 24 | $8.8B | $814.0M | ||
| Q3 24 | $8.6B | $867.3M | ||
| Q2 24 | $8.6B | $876.1M |
| Q1 26 | — | 14.87× | ||
| 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× | — |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $153.5M | $1.2M | ||
| Q3 25 | $45.9M | $40.8M | ||
| Q2 25 | $38.9M | $35.6M | ||
| Q1 25 | $41.8M | $-11.2M | ||
| Q4 24 | $133.7M | $-26.6M | ||
| Q3 24 | $39.6M | $12.4M | ||
| Q2 24 | $37.3M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $149.4M | $1.1M | ||
| Q3 25 | $45.9M | $40.7M | ||
| Q2 25 | $38.4M | $35.4M | ||
| Q1 25 | $41.3M | $-11.2M | ||
| Q4 24 | $116.8M | $-26.8M | ||
| Q3 24 | $34.7M | $12.2M | ||
| Q2 24 | $34.4M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 143.7% | 1.0% | ||
| Q3 25 | 44.6% | 35.4% | ||
| Q2 25 | 40.1% | 33.0% | ||
| Q1 25 | 46.2% | -13.3% | ||
| Q4 24 | 126.4% | -35.6% | ||
| Q3 24 | 38.3% | 15.7% | ||
| Q2 24 | 40.5% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 3.9% | 0.1% | ||
| Q3 25 | 0.0% | 0.1% | ||
| Q2 25 | 0.6% | 0.2% | ||
| Q1 25 | 0.5% | 0.1% | ||
| Q4 24 | 18.3% | 0.3% | ||
| Q3 24 | 5.4% | 0.3% | ||
| Q2 24 | 3.5% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.81× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.08× | 13.79× | ||
| Q1 25 | 1.28× | -1.33× | ||
| Q4 24 | 3.88× | -0.87× | ||
| Q3 24 | 1.22× | 0.86× | ||
| Q2 24 | 1.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
