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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $104.0M, roughly 1.4× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -2.3%, a 41.1% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 9.1%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $-7.8M). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
NIC vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $140.7M |
| Net Profit | $40.3M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 48.3% | -1.6% |
| Net Margin | 38.8% | -2.3% |
| Revenue YoY | 12.5% | 9.1% |
| Net Profit YoY | 16.9% | 62.1% |
| EPS (diluted) | $2.63 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $102.9M | $118.8M | ||
| Q2 25 | $95.7M | $105.1M | ||
| Q1 25 | $89.4M | $104.2M | ||
| Q4 24 | $92.4M | $129.0M | ||
| Q3 24 | $90.7M | $118.6M | ||
| Q2 24 | $85.0M | $120.3M | ||
| Q1 24 | $82.2M | $120.0M |
| Q4 25 | $40.3M | $-3.2M | ||
| Q3 25 | $41.7M | $-11.7M | ||
| Q2 25 | $36.0M | $-17.3M | ||
| Q1 25 | $32.6M | $-19.1M | ||
| Q4 24 | $34.5M | $-8.5M | ||
| Q3 24 | $32.5M | $-39.2M | ||
| Q2 24 | $29.3M | $27.0K | ||
| Q1 24 | $27.8M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | 48.3% | -1.6% | ||
| Q3 25 | 50.4% | -10.2% | ||
| Q2 25 | 46.8% | -13.5% | ||
| Q1 25 | 44.9% | -13.9% | ||
| Q4 24 | 46.8% | -6.0% | ||
| Q3 24 | 45.0% | -39.5% | ||
| Q2 24 | 43.3% | -12.1% | ||
| Q1 24 | 41.8% | -19.3% |
| Q4 25 | 38.8% | -2.3% | ||
| Q3 25 | 40.6% | -9.9% | ||
| Q2 25 | 37.6% | -16.5% | ||
| Q1 25 | 36.4% | -18.4% | ||
| Q4 24 | 37.3% | -6.6% | ||
| Q3 24 | 35.8% | -33.1% | ||
| Q2 24 | 34.5% | 0.0% | ||
| Q1 24 | 33.8% | -41.8% |
| Q4 25 | $2.63 | $0.03 | ||
| Q3 25 | $2.73 | $0.11 | ||
| Q2 25 | $2.34 | $0.16 | ||
| Q1 25 | $2.08 | $0.18 | ||
| Q4 24 | $2.21 | $0.08 | ||
| Q3 24 | $2.10 | $0.36 | ||
| Q2 24 | $1.92 | $0.00 | ||
| Q1 24 | $1.82 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.3M |
| Total DebtLower is stronger | $134.9M | $126.7M |
| Stockholders' EquityBook value | $1.3B | $-29.7M |
| Total Assets | $9.2B | $296.3M |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $23.4M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | $134.9M | $126.7M | ||
| Q3 25 | $134.6M | — | ||
| Q2 25 | $134.3M | — | ||
| Q1 25 | $156.6M | — | ||
| Q4 24 | $161.4M | $70.7M | ||
| Q3 24 | $161.2M | $50.8M | ||
| Q2 24 | $162.4M | — | ||
| Q1 24 | $162.3M | — |
| Q4 25 | $1.3B | $-29.7M | ||
| Q3 25 | $1.2B | $-26.9M | ||
| Q2 25 | $1.2B | $-15.6M | ||
| Q1 25 | $1.2B | $1.3M | ||
| Q4 24 | $1.2B | $20.2M | ||
| Q3 24 | $1.1B | $28.0M | ||
| Q2 24 | $1.1B | $66.4M | ||
| Q1 24 | $1.1B | $65.5M |
| Q4 25 | $9.2B | $296.3M | ||
| Q3 25 | $9.0B | $302.1M | ||
| Q2 25 | $8.9B | $303.8M | ||
| Q1 25 | $9.0B | $293.8M | ||
| Q4 24 | $8.8B | $307.8M | ||
| Q3 24 | $8.6B | $309.3M | ||
| Q2 24 | $8.6B | $362.1M | ||
| Q1 24 | $8.4B | $382.1M |
| Q4 25 | 0.11× | — | ||
| Q3 25 | 0.11× | — | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | 3.50× | ||
| Q3 24 | 0.14× | 1.82× | ||
| 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 | $-5.8M |
| Free Cash FlowOCF − Capex | $149.4M | $-7.8M |
| FCF MarginFCF / Revenue | 143.7% | -5.5% |
| Capex IntensityCapex / Revenue | 3.9% | 1.4% |
| Cash ConversionOCF / Net Profit | 3.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $-5.8M | ||
| Q3 25 | $45.9M | $-968.0K | ||
| Q2 25 | $38.9M | $-4.0M | ||
| Q1 25 | $41.8M | $-23.1M | ||
| Q4 24 | $133.7M | $6.8M | ||
| Q3 24 | $39.6M | $1.1M | ||
| Q2 24 | $37.3M | $-8.9M | ||
| Q1 24 | $23.4M | $-16.8M |
| Q4 25 | $149.4M | $-7.8M | ||
| Q3 25 | $45.9M | $-1.8M | ||
| Q2 25 | $38.4M | $-7.0M | ||
| Q1 25 | $41.3M | $-25.3M | ||
| Q4 24 | $116.8M | $5.7M | ||
| Q3 24 | $34.7M | $101.0K | ||
| Q2 24 | $34.4M | $-11.0M | ||
| Q1 24 | $20.1M | $-19.9M |
| Q4 25 | 143.7% | -5.5% | ||
| Q3 25 | 44.6% | -1.5% | ||
| Q2 25 | 40.1% | -6.6% | ||
| Q1 25 | 46.2% | -24.3% | ||
| Q4 24 | 126.4% | 4.4% | ||
| Q3 24 | 38.3% | 0.1% | ||
| Q2 24 | 40.5% | -9.2% | ||
| Q1 24 | 24.4% | -16.5% |
| Q4 25 | 3.9% | 1.4% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.6% | 2.8% | ||
| Q1 25 | 0.5% | 2.2% | ||
| Q4 24 | 18.3% | 0.8% | ||
| Q3 24 | 5.4% | 0.9% | ||
| Q2 24 | 3.5% | 1.7% | ||
| Q1 24 | 4.0% | 2.5% |
| 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× | -330.22× | ||
| Q1 24 | 0.84× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NIC
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
