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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and POWER SOLUTIONS INTERNATIONAL, INC. (PSIX). Click either name above to swap in a different company.
POWER SOLUTIONS INTERNATIONAL, INC. is the larger business by last-quarter revenue ($191.2M vs $104.0M, roughly 1.8× NICOLET BANKSHARES INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 8.4%, a 30.4% gap on every dollar of revenue. On growth, POWER SOLUTIONS INTERNATIONAL, INC. posted the faster year-over-year revenue change (32.5% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $-7.6M). Over the past eight quarters, POWER SOLUTIONS INTERNATIONAL, INC.'s revenue compounded faster (41.7% 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.
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission and distribution company headquartered in Ahmedabad. As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers and is one of the largest private sector power transmission companies operating in India.
NIC vs PSIX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $191.2M |
| Net Profit | $40.3M | $16.1M |
| Gross Margin | — | 21.9% |
| Operating Margin | 48.3% | 12.7% |
| Net Margin | 38.8% | 8.4% |
| Revenue YoY | 12.5% | 32.5% |
| Net Profit YoY | 16.9% | -31.0% |
| EPS (diluted) | $2.63 | $0.69 |
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 | $191.2M | ||
| Q3 25 | $102.9M | $203.8M | ||
| Q2 25 | $95.7M | $191.9M | ||
| Q1 25 | $89.4M | $135.4M | ||
| Q4 24 | $92.4M | $144.3M | ||
| Q3 24 | $90.7M | $125.8M | ||
| Q2 24 | $85.0M | $110.6M | ||
| Q1 24 | $82.2M | $95.2M |
| Q4 25 | $40.3M | $16.1M | ||
| Q3 25 | $41.7M | $27.6M | ||
| Q2 25 | $36.0M | $51.2M | ||
| Q1 25 | $32.6M | $19.1M | ||
| Q4 24 | $34.5M | $23.3M | ||
| Q3 24 | $32.5M | $17.3M | ||
| Q2 24 | $29.3M | $21.5M | ||
| Q1 24 | $27.8M | $7.1M |
| Q4 25 | — | 21.9% | ||
| Q3 25 | — | 23.9% | ||
| Q2 25 | — | 28.2% | ||
| Q1 25 | — | 29.7% | ||
| Q4 24 | — | 29.9% | ||
| Q3 24 | — | 28.9% | ||
| Q2 24 | — | 31.8% | ||
| Q1 24 | — | 27.0% |
| Q4 25 | 48.3% | 12.7% | ||
| Q3 25 | 50.4% | 13.9% | ||
| Q2 25 | 46.8% | 16.9% | ||
| Q1 25 | 44.9% | 18.2% | ||
| Q4 24 | 46.8% | 17.5% | ||
| Q3 24 | 45.0% | 16.3% | ||
| Q2 24 | 43.3% | 22.9% | ||
| Q1 24 | 41.8% | 11.2% |
| Q4 25 | 38.8% | 8.4% | ||
| Q3 25 | 40.6% | 13.5% | ||
| Q2 25 | 37.6% | 26.7% | ||
| Q1 25 | 36.4% | 14.1% | ||
| Q4 24 | 37.3% | 16.1% | ||
| Q3 24 | 35.8% | 13.8% | ||
| Q2 24 | 34.5% | 19.5% | ||
| Q1 24 | 33.8% | 7.5% |
| Q4 25 | $2.63 | $0.69 | ||
| Q3 25 | $2.73 | $1.20 | ||
| Q2 25 | $2.34 | $2.22 | ||
| Q1 25 | $2.08 | $0.83 | ||
| Q4 24 | $2.21 | $1.01 | ||
| Q3 24 | $2.10 | $0.75 | ||
| Q2 24 | $1.92 | $0.94 | ||
| Q1 24 | $1.82 | $0.31 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $41.3M |
| Total DebtLower is stronger | $134.9M | $96.6M |
| Stockholders' EquityBook value | $1.3B | $178.6M |
| Total Assets | $9.2B | $424.7M |
| Debt / EquityLower = less leverage | 0.11× | 0.54× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $41.3M | ||
| Q3 25 | — | $49.0M | ||
| Q2 25 | — | $49.5M | ||
| Q1 25 | — | $50.0M | ||
| Q4 24 | — | $55.3M | ||
| Q3 24 | — | $40.5M | ||
| Q2 24 | — | $28.8M | ||
| Q1 24 | — | $33.1M |
| Q4 25 | $134.9M | $96.6M | ||
| Q3 25 | $134.6M | $96.7M | ||
| Q2 25 | $134.3M | $1.8M | ||
| Q1 25 | $156.6M | $1.0M | ||
| Q4 24 | $161.4M | $184.0K | ||
| Q3 24 | $161.2M | $238.0K | ||
| Q2 24 | $162.4M | $292.0K | ||
| Q1 24 | $162.3M | $345.0K |
| Q4 25 | $1.3B | $178.6M | ||
| Q3 25 | $1.2B | $162.5M | ||
| Q2 25 | $1.2B | $135.7M | ||
| Q1 25 | $1.2B | $84.3M | ||
| Q4 24 | $1.2B | $65.3M | ||
| Q3 24 | $1.1B | $42.1M | ||
| Q2 24 | $1.1B | $24.8M | ||
| Q1 24 | $1.1B | $3.2M |
| Q4 25 | $9.2B | $424.7M | ||
| Q3 25 | $9.0B | $458.9M | ||
| Q2 25 | $8.9B | $437.7M | ||
| Q1 25 | $9.0B | $372.7M | ||
| Q4 24 | $8.8B | $328.2M | ||
| Q3 24 | $8.6B | $339.1M | ||
| Q2 24 | $8.6B | $307.6M | ||
| Q1 24 | $8.4B | $286.8M |
| Q4 25 | 0.11× | 0.54× | ||
| Q3 25 | 0.11× | 0.60× | ||
| Q2 25 | 0.11× | 0.01× | ||
| Q1 25 | 0.13× | 0.01× | ||
| Q4 24 | 0.14× | 0.00× | ||
| Q3 24 | 0.14× | 0.01× | ||
| Q2 24 | 0.15× | 0.01× | ||
| Q1 24 | 0.15× | 0.11× |
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 | $-4.6M |
| Free Cash FlowOCF − Capex | $149.4M | $-7.6M |
| FCF MarginFCF / Revenue | 143.7% | -4.0% |
| Capex IntensityCapex / Revenue | 3.9% | 1.6% |
| Cash ConversionOCF / Net Profit | 3.81× | -0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $-4.6M | ||
| Q3 25 | $45.9M | $3.3M | ||
| Q2 25 | $38.9M | $16.7M | ||
| Q1 25 | $41.8M | $8.8M | ||
| Q4 24 | $133.7M | $32.7M | ||
| Q3 24 | $39.6M | $12.6M | ||
| Q2 24 | $37.3M | $1.5M | ||
| Q1 24 | $23.4M | $15.6M |
| Q4 25 | $149.4M | $-7.6M | ||
| Q3 25 | $45.9M | $1.7M | ||
| Q2 25 | $38.4M | $14.6M | ||
| Q1 25 | $41.3M | $5.4M | ||
| Q4 24 | $116.8M | $30.0M | ||
| Q3 24 | $34.7M | $12.1M | ||
| Q2 24 | $34.4M | $822.0K | ||
| Q1 24 | $20.1M | $14.8M |
| Q4 25 | 143.7% | -4.0% | ||
| Q3 25 | 44.6% | 0.8% | ||
| Q2 25 | 40.1% | 7.6% | ||
| Q1 25 | 46.2% | 4.0% | ||
| Q4 24 | 126.4% | 20.8% | ||
| Q3 24 | 38.3% | 9.7% | ||
| Q2 24 | 40.5% | 0.7% | ||
| Q1 24 | 24.4% | 15.6% |
| Q4 25 | 3.9% | 1.6% | ||
| Q3 25 | 0.0% | 0.8% | ||
| Q2 25 | 0.6% | 1.1% | ||
| Q1 25 | 0.5% | 2.5% | ||
| Q4 24 | 18.3% | 1.8% | ||
| Q3 24 | 5.4% | 0.3% | ||
| Q2 24 | 3.5% | 0.6% | ||
| Q1 24 | 4.0% | 0.9% |
| Q4 25 | 3.81× | -0.29× | ||
| Q3 25 | 1.10× | 0.12× | ||
| Q2 25 | 1.08× | 0.33× | ||
| Q1 25 | 1.28× | 0.46× | ||
| Q4 24 | 3.88× | 1.40× | ||
| Q3 24 | 1.22× | 0.73× | ||
| Q2 24 | 1.28× | 0.07× | ||
| Q1 24 | 0.84× | 2.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NIC
Segment breakdown not available.
PSIX
| Energy End Market | $153.4M | 80% |
| Industrial End Market | $33.3M | 17% |
| Transportation End Market | $4.6M | 2% |
