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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $103.6M, roughly 1.0× TACTILE SYSTEMS TECHNOLOGY INC). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 10.3%, a 28.5% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $16.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
NIC vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $103.6M |
| Net Profit | $40.3M | $10.6M |
| Gross Margin | — | 78.2% |
| Operating Margin | 48.3% | 18.1% |
| Net Margin | 38.8% | 10.3% |
| Revenue YoY | 12.5% | 21.0% |
| Net Profit YoY | 16.9% | 9.4% |
| EPS (diluted) | $2.63 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $102.9M | $85.8M | ||
| Q2 25 | $95.7M | $78.9M | ||
| Q1 25 | $89.4M | $61.3M | ||
| Q4 24 | $92.4M | $85.6M | ||
| Q3 24 | $90.7M | $73.1M | ||
| Q2 24 | $85.0M | $73.2M | ||
| Q1 24 | $82.2M | $61.1M |
| Q4 25 | $40.3M | $10.6M | ||
| Q3 25 | $41.7M | $8.2M | ||
| Q2 25 | $36.0M | $3.2M | ||
| Q1 25 | $32.6M | $-3.0M | ||
| Q4 24 | $34.5M | $9.7M | ||
| Q3 24 | $32.5M | $5.2M | ||
| Q2 24 | $29.3M | $4.3M | ||
| Q1 24 | $27.8M | $-2.2M |
| Q4 25 | — | 78.2% | ||
| Q3 25 | — | 75.8% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | — | 75.2% | ||
| Q3 24 | — | 75.0% | ||
| Q2 24 | — | 73.9% | ||
| Q1 24 | — | 71.1% |
| Q4 25 | 48.3% | 18.1% | ||
| Q3 25 | 50.4% | 12.8% | ||
| Q2 25 | 46.8% | 5.2% | ||
| Q1 25 | 44.9% | -7.4% | ||
| Q4 24 | 46.8% | 14.6% | ||
| Q3 24 | 45.0% | 9.3% | ||
| Q2 24 | 43.3% | 8.0% | ||
| Q1 24 | 41.8% | -4.9% |
| Q4 25 | 38.8% | 10.3% | ||
| Q3 25 | 40.6% | 9.6% | ||
| Q2 25 | 37.6% | 4.1% | ||
| Q1 25 | 36.4% | -4.9% | ||
| Q4 24 | 37.3% | 11.4% | ||
| Q3 24 | 35.8% | 7.1% | ||
| Q2 24 | 34.5% | 5.9% | ||
| Q1 24 | 33.8% | -3.6% |
| Q4 25 | $2.63 | $0.45 | ||
| Q3 25 | $2.73 | $0.36 | ||
| Q2 25 | $2.34 | $0.14 | ||
| Q1 25 | $2.08 | $-0.13 | ||
| Q4 24 | $2.21 | $0.40 | ||
| Q3 24 | $2.10 | $0.21 | ||
| Q2 24 | $1.92 | $0.18 | ||
| Q1 24 | $1.82 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.4M |
| Total DebtLower is stronger | $134.9M | $0 |
| Stockholders' EquityBook value | $1.3B | $218.9M |
| Total Assets | $9.2B | $273.9M |
| Debt / EquityLower = less leverage | 0.11× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.4M | ||
| Q3 25 | — | $66.0M | ||
| Q2 25 | — | $81.5M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | — | $94.4M | ||
| Q3 24 | — | $82.1M | ||
| Q2 24 | — | $73.6M | ||
| Q1 24 | — | $60.7M |
| Q4 25 | $134.9M | $0 | ||
| Q3 25 | $134.6M | $0 | ||
| Q2 25 | $134.3M | — | ||
| Q1 25 | $156.6M | — | ||
| Q4 24 | $161.4M | — | ||
| Q3 24 | $161.2M | $27.0M | ||
| Q2 24 | $162.4M | $27.8M | ||
| Q1 24 | $162.3M | $28.5M |
| Q4 25 | $1.3B | $218.9M | ||
| Q3 25 | $1.2B | $204.9M | ||
| Q2 25 | $1.2B | $194.9M | ||
| Q1 25 | $1.2B | $205.6M | ||
| Q4 24 | $1.2B | $216.6M | ||
| Q3 24 | $1.1B | $207.9M | ||
| Q2 24 | $1.1B | $200.7M | ||
| Q1 24 | $1.1B | $193.5M |
| Q4 25 | $9.2B | $273.9M | ||
| Q3 25 | $9.0B | $259.2M | ||
| Q2 25 | $8.9B | $273.0M | ||
| Q1 25 | $9.0B | $280.2M | ||
| Q4 24 | $8.8B | $297.9M | ||
| Q3 24 | $8.6B | $287.7M | ||
| Q2 24 | $8.6B | $278.8M | ||
| Q1 24 | $8.4B | $272.0M |
| Q4 25 | 0.11× | 0.00× | ||
| Q3 25 | 0.11× | 0.00× | ||
| Q2 25 | 0.11× | — | ||
| Q1 25 | 0.13× | — | ||
| Q4 24 | 0.14× | — | ||
| Q3 24 | 0.14× | 0.13× | ||
| Q2 24 | 0.15× | 0.14× | ||
| Q1 24 | 0.15× | 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 | $17.3M |
| Free Cash FlowOCF − Capex | $149.4M | $16.8M |
| FCF MarginFCF / Revenue | 143.7% | 16.2% |
| Capex IntensityCapex / Revenue | 3.9% | 0.5% |
| Cash ConversionOCF / Net Profit | 3.81× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $17.3M | ||
| Q3 25 | $45.9M | $10.3M | ||
| Q2 25 | $38.9M | $14.8M | ||
| Q1 25 | $41.8M | $417.0K | ||
| Q4 24 | $133.7M | $16.3M | ||
| Q3 24 | $39.6M | $10.3M | ||
| Q2 24 | $37.3M | $13.1M | ||
| Q1 24 | $23.4M | $924.0K |
| Q4 25 | $149.4M | $16.8M | ||
| Q3 25 | $45.9M | $9.2M | ||
| Q2 25 | $38.4M | $14.4M | ||
| Q1 25 | $41.3M | $38.0K | ||
| Q4 24 | $116.8M | $15.9M | ||
| Q3 24 | $34.7M | $9.3M | ||
| Q2 24 | $34.4M | $12.6M | ||
| Q1 24 | $20.1M | $442.0K |
| Q4 25 | 143.7% | 16.2% | ||
| Q3 25 | 44.6% | 10.8% | ||
| Q2 25 | 40.1% | 18.2% | ||
| Q1 25 | 46.2% | 0.1% | ||
| Q4 24 | 126.4% | 18.5% | ||
| Q3 24 | 38.3% | 12.7% | ||
| Q2 24 | 40.5% | 17.3% | ||
| Q1 24 | 24.4% | 0.7% |
| Q4 25 | 3.9% | 0.5% | ||
| Q3 25 | 0.0% | 1.3% | ||
| Q2 25 | 0.6% | 0.5% | ||
| Q1 25 | 0.5% | 0.6% | ||
| Q4 24 | 18.3% | 0.5% | ||
| Q3 24 | 5.4% | 1.3% | ||
| Q2 24 | 3.5% | 0.7% | ||
| Q1 24 | 4.0% | 0.8% |
| Q4 25 | 3.81× | 1.63× | ||
| Q3 25 | 1.10× | 1.26× | ||
| Q2 25 | 1.08× | 4.59× | ||
| Q1 25 | 1.28× | — | ||
| Q4 24 | 3.88× | 1.68× | ||
| Q3 24 | 1.22× | 1.99× | ||
| Q2 24 | 1.28× | 3.06× | ||
| 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.
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
