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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and PARK NATIONAL CORP (PRK). Click either name above to swap in a different company.
PARK NATIONAL CORP is the larger business by last-quarter revenue ($168.3M vs $104.0M, roughly 1.6× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 25.3%, a 13.4% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $149.4M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs 4.9%).
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.
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
NIC vs PRK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $168.3M |
| Net Profit | $40.3M | $42.6M |
| Gross Margin | — | — |
| Operating Margin | 48.3% | — |
| Net Margin | 38.8% | 25.3% |
| Revenue YoY | 12.5% | 2.2% |
| Net Profit YoY | 16.9% | 10.4% |
| EPS (diluted) | $2.63 | $2.62 |
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 | $168.3M | ||
| Q3 25 | $102.9M | $169.5M | ||
| Q2 25 | $95.7M | $168.7M | ||
| Q1 25 | $89.4M | $157.9M | ||
| Q4 24 | $92.4M | $164.7M | ||
| Q3 24 | $90.7M | $170.3M | ||
| Q2 24 | $85.0M | $157.7M | ||
| Q1 24 | $82.2M | $152.8M |
| Q4 25 | $40.3M | $42.6M | ||
| Q3 25 | $41.7M | $47.2M | ||
| Q2 25 | $36.0M | $48.1M | ||
| Q1 25 | $32.6M | $42.2M | ||
| Q4 24 | $34.5M | $38.6M | ||
| Q3 24 | $32.5M | $38.2M | ||
| Q2 24 | $29.3M | $39.4M | ||
| Q1 24 | $27.8M | $35.2M |
| Q4 25 | 48.3% | — | ||
| Q3 25 | 50.4% | 34.3% | ||
| Q2 25 | 46.8% | 35.2% | ||
| Q1 25 | 44.9% | 32.4% | ||
| Q4 24 | 46.8% | — | ||
| Q3 24 | 45.0% | 27.4% | ||
| Q2 24 | 43.3% | 30.6% | ||
| Q1 24 | 41.8% | 27.8% |
| Q4 25 | 38.8% | 25.3% | ||
| Q3 25 | 40.6% | 27.8% | ||
| Q2 25 | 37.6% | 28.5% | ||
| Q1 25 | 36.4% | 26.7% | ||
| Q4 24 | 37.3% | 23.5% | ||
| Q3 24 | 35.8% | 22.4% | ||
| Q2 24 | 34.5% | 25.0% | ||
| Q1 24 | 33.8% | 23.0% |
| Q4 25 | $2.63 | $2.62 | ||
| Q3 25 | $2.73 | $2.92 | ||
| Q2 25 | $2.34 | $2.97 | ||
| Q1 25 | $2.08 | $2.60 | ||
| Q4 24 | $2.21 | $2.38 | ||
| Q3 24 | $2.10 | $2.35 | ||
| Q2 24 | $1.92 | $2.42 | ||
| Q1 24 | $1.82 | $2.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $233.5M |
| Total DebtLower is stronger | $134.9M | — |
| Stockholders' EquityBook value | $1.3B | $1.4B |
| Total Assets | $9.2B | $9.8B |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $233.5M | ||
| Q3 25 | — | $218.9M | ||
| Q2 25 | — | $193.1M | ||
| Q1 25 | — | $237.6M | ||
| Q4 24 | — | $160.6M | ||
| Q3 24 | — | $201.7M | ||
| Q2 24 | — | $261.5M | ||
| Q1 24 | — | $306.1M |
| 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 | $1.4B | ||
| Q3 25 | $1.2B | $1.3B | ||
| Q2 25 | $1.2B | $1.3B | ||
| Q1 25 | $1.2B | $1.3B | ||
| Q4 24 | $1.2B | $1.2B | ||
| Q3 24 | $1.1B | $1.2B | ||
| Q2 24 | $1.1B | $1.2B | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $9.2B | $9.8B | ||
| Q3 25 | $9.0B | $9.9B | ||
| Q2 25 | $8.9B | $9.9B | ||
| Q1 25 | $9.0B | $9.9B | ||
| Q4 24 | $8.8B | $9.8B | ||
| Q3 24 | $8.6B | $9.9B | ||
| Q2 24 | $8.6B | $9.9B | ||
| Q1 24 | $8.4B | $9.9B |
| 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 | $198.3M |
| Free Cash FlowOCF − Capex | $149.4M | $191.9M |
| FCF MarginFCF / Revenue | 143.7% | 114.1% |
| Capex IntensityCapex / Revenue | 3.9% | 3.8% |
| Cash ConversionOCF / Net Profit | 3.81× | 4.65× |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $328.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $198.3M | ||
| Q3 25 | $45.9M | $52.6M | ||
| Q2 25 | $38.9M | $49.7M | ||
| Q1 25 | $41.8M | $37.9M | ||
| Q4 24 | $133.7M | $178.8M | ||
| Q3 24 | $39.6M | $43.8M | ||
| Q2 24 | $37.3M | $50.9M | ||
| Q1 24 | $23.4M | $35.0M |
| Q4 25 | $149.4M | $191.9M | ||
| Q3 25 | $45.9M | $51.1M | ||
| Q2 25 | $38.4M | $48.4M | ||
| Q1 25 | $41.3M | $36.8M | ||
| Q4 24 | $116.8M | $169.7M | ||
| Q3 24 | $34.7M | $41.7M | ||
| Q2 24 | $34.4M | $49.0M | ||
| Q1 24 | $20.1M | $31.9M |
| Q4 25 | 143.7% | 114.1% | ||
| Q3 25 | 44.6% | 30.1% | ||
| Q2 25 | 40.1% | 28.7% | ||
| Q1 25 | 46.2% | 23.3% | ||
| Q4 24 | 126.4% | 103.0% | ||
| Q3 24 | 38.3% | 24.5% | ||
| Q2 24 | 40.5% | 31.1% | ||
| Q1 24 | 24.4% | 20.8% |
| Q4 25 | 3.9% | 3.8% | ||
| Q3 25 | 0.0% | 0.9% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 0.5% | 0.7% | ||
| Q4 24 | 18.3% | 5.6% | ||
| Q3 24 | 5.4% | 1.2% | ||
| Q2 24 | 3.5% | 1.2% | ||
| Q1 24 | 4.0% | 2.1% |
| Q4 25 | 3.81× | 4.65× | ||
| Q3 25 | 1.10× | 1.11× | ||
| Q2 25 | 1.08× | 1.03× | ||
| Q1 25 | 1.28× | 0.90× | ||
| Q4 24 | 3.88× | 4.63× | ||
| Q3 24 | 1.22× | 1.14× | ||
| Q2 24 | 1.28× | 1.29× | ||
| Q1 24 | 0.84× | 0.99× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
