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Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $76.2M, roughly 1.4× VIEMED HEALTHCARE, INC.). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs 7.4%, a 31.4% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 12.5%). NICOLET BANKSHARES INC produced more free cash flow last quarter ($149.4M vs $9.7M). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% 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.
Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.
NIC vs VMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $76.2M |
| Net Profit | $40.3M | $5.6M |
| Gross Margin | — | 57.9% |
| Operating Margin | 48.3% | 11.0% |
| Net Margin | 38.8% | 7.4% |
| Revenue YoY | 12.5% | 25.5% |
| Net Profit YoY | 16.9% | 30.7% |
| EPS (diluted) | $2.63 | $0.14 |
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 | $76.2M | ||
| Q3 25 | $102.9M | $71.9M | ||
| Q2 25 | $95.7M | $63.1M | ||
| Q1 25 | $89.4M | $59.1M | ||
| Q4 24 | $92.4M | $60.7M | ||
| Q3 24 | $90.7M | $58.0M | ||
| Q2 24 | $85.0M | $55.0M | ||
| Q1 24 | $82.2M | $50.6M |
| Q4 25 | $40.3M | $5.6M | ||
| Q3 25 | $41.7M | $3.5M | ||
| Q2 25 | $36.0M | $3.2M | ||
| Q1 25 | $32.6M | $2.6M | ||
| Q4 24 | $34.5M | $4.3M | ||
| Q3 24 | $32.5M | $3.9M | ||
| Q2 24 | $29.3M | $1.5M | ||
| Q1 24 | $27.8M | $1.6M |
| Q4 25 | — | 57.9% | ||
| Q3 25 | — | 57.5% | ||
| Q2 25 | — | 58.3% | ||
| Q1 25 | — | 56.3% | ||
| Q4 24 | — | 59.5% | ||
| Q3 24 | — | 59.3% | ||
| Q2 24 | — | 59.8% | ||
| Q1 24 | — | 58.9% |
| Q4 25 | 48.3% | 11.0% | ||
| Q3 25 | 50.4% | 7.8% | ||
| Q2 25 | 46.8% | 8.1% | ||
| Q1 25 | 44.9% | 6.5% | ||
| Q4 24 | 46.8% | 10.6% | ||
| Q3 24 | 45.0% | 9.7% | ||
| Q2 24 | 43.3% | 6.6% | ||
| Q1 24 | 41.8% | 4.4% |
| Q4 25 | 38.8% | 7.4% | ||
| Q3 25 | 40.6% | 4.9% | ||
| Q2 25 | 37.6% | 5.0% | ||
| Q1 25 | 36.4% | 4.4% | ||
| Q4 24 | 37.3% | 7.1% | ||
| Q3 24 | 35.8% | 6.7% | ||
| Q2 24 | 34.5% | 2.7% | ||
| Q1 24 | 33.8% | 3.2% |
| Q4 25 | $2.63 | $0.14 | ||
| Q3 25 | $2.73 | $0.09 | ||
| Q2 25 | $2.34 | $0.08 | ||
| Q1 25 | $2.08 | $0.06 | ||
| Q4 24 | $2.21 | $0.10 | ||
| Q3 24 | $2.10 | $0.10 | ||
| Q2 24 | $1.92 | $0.04 | ||
| Q1 24 | $1.82 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $13.5M |
| Total DebtLower is stronger | $134.9M | — |
| Stockholders' EquityBook value | $1.3B | $141.5M |
| Total Assets | $9.2B | $199.2M |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $13.5M | ||
| Q3 25 | — | $11.1M | ||
| Q2 25 | — | $20.0M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $17.5M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $8.8M | ||
| Q1 24 | — | $7.3M |
| 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 | $141.5M | ||
| Q3 25 | $1.2B | $133.6M | ||
| Q2 25 | $1.2B | $139.7M | ||
| Q1 25 | $1.2B | $134.8M | ||
| Q4 24 | $1.2B | $131.4M | ||
| Q3 24 | $1.1B | $125.0M | ||
| Q2 24 | $1.1B | $119.4M | ||
| Q1 24 | $1.1B | $116.3M |
| Q4 25 | $9.2B | $199.2M | ||
| Q3 25 | $9.0B | $202.4M | ||
| Q2 25 | $8.9B | $184.6M | ||
| Q1 25 | $9.0B | $178.1M | ||
| Q4 24 | $8.8B | $177.1M | ||
| Q3 24 | $8.6B | $169.5M | ||
| Q2 24 | $8.6B | $163.9M | ||
| Q1 24 | $8.4B | $154.9M |
| 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 | $18.4M |
| Free Cash FlowOCF − Capex | $149.4M | $9.7M |
| FCF MarginFCF / Revenue | 143.7% | 12.7% |
| Capex IntensityCapex / Revenue | 3.9% | 11.5% |
| Cash ConversionOCF / Net Profit | 3.81× | 3.27× |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | $11.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $18.4M | ||
| Q3 25 | $45.9M | $18.4M | ||
| Q2 25 | $38.9M | $12.3M | ||
| Q1 25 | $41.8M | $2.9M | ||
| Q4 24 | $133.7M | $15.0M | ||
| Q3 24 | $39.6M | $12.7M | ||
| Q2 24 | $37.3M | $10.2M | ||
| Q1 24 | $23.4M | $1.2M |
| Q4 25 | $149.4M | $9.7M | ||
| Q3 25 | $45.9M | $10.7M | ||
| Q2 25 | $38.4M | $4.1M | ||
| Q1 25 | $41.3M | $-12.6M | ||
| Q4 24 | $116.8M | $3.2M | ||
| Q3 24 | $34.7M | $1.7M | ||
| Q2 24 | $34.4M | $1.2M | ||
| Q1 24 | $20.1M | $-4.8M |
| Q4 25 | 143.7% | 12.7% | ||
| Q3 25 | 44.6% | 14.9% | ||
| Q2 25 | 40.1% | 6.5% | ||
| Q1 25 | 46.2% | -21.4% | ||
| Q4 24 | 126.4% | 5.2% | ||
| Q3 24 | 38.3% | 3.0% | ||
| Q2 24 | 40.5% | 2.3% | ||
| Q1 24 | 24.4% | -9.5% |
| Q4 25 | 3.9% | 11.5% | ||
| Q3 25 | 0.0% | 10.6% | ||
| Q2 25 | 0.6% | 12.9% | ||
| Q1 25 | 0.5% | 26.2% | ||
| Q4 24 | 18.3% | 19.5% | ||
| Q3 24 | 5.4% | 19.0% | ||
| Q2 24 | 3.5% | 16.3% | ||
| Q1 24 | 4.0% | 11.9% |
| Q4 25 | 3.81× | 3.27× | ||
| Q3 25 | 1.10× | 5.23× | ||
| Q2 25 | 1.08× | 3.88× | ||
| Q1 25 | 1.28× | 1.09× | ||
| Q4 24 | 3.88× | 3.47× | ||
| Q3 24 | 1.22× | 3.29× | ||
| Q2 24 | 1.28× | 6.94× | ||
| Q1 24 | 0.84× | 0.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
