vs
Side-by-side financial comparison of NICOLET BANKSHARES INC (NIC) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.
NICOLET BANKSHARES INC is the larger business by last-quarter revenue ($104.0M vs $58.6M, roughly 1.8× Vitesse Energy, Inc.). NICOLET BANKSHARES INC runs the higher net margin — 38.8% vs -1.3%, a 40.0% gap on every dollar of revenue. On growth, NICOLET BANKSHARES INC posted the faster year-over-year revenue change (12.5% vs 4.8%). Over the past eight quarters, NICOLET BANKSHARES INC's revenue compounded faster (12.5% CAGR vs -2.1%).
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.
Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.
NIC vs VTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.0M | $58.6M |
| Net Profit | $40.3M | $-739.0K |
| Gross Margin | — | — |
| Operating Margin | 48.3% | -12.0% |
| Net Margin | 38.8% | -1.3% |
| Revenue YoY | 12.5% | 4.8% |
| Net Profit YoY | 16.9% | 85.6% |
| EPS (diluted) | $2.63 | $-0.01 |
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 | $58.6M | ||
| Q3 25 | $102.9M | $67.4M | ||
| Q2 25 | $95.7M | $81.8M | ||
| Q1 25 | $89.4M | $66.2M | ||
| Q4 24 | $92.4M | $55.9M | ||
| Q3 24 | $90.7M | $58.3M | ||
| Q2 24 | $85.0M | $66.6M | ||
| Q1 24 | $82.2M | $61.2M |
| Q4 25 | $40.3M | $-739.0K | ||
| Q3 25 | $41.7M | $-1.3M | ||
| Q2 25 | $36.0M | $24.7M | ||
| Q1 25 | $32.6M | $2.7M | ||
| Q4 24 | $34.5M | $-5.1M | ||
| Q3 24 | $32.5M | $17.4M | ||
| Q2 24 | $29.3M | $10.9M | ||
| Q1 24 | $27.8M | $-2.2M |
| Q4 25 | 48.3% | -12.0% | ||
| Q3 25 | 50.4% | 0.2% | ||
| Q2 25 | 46.8% | 22.8% | ||
| Q1 25 | 44.9% | 8.1% | ||
| Q4 24 | 46.8% | 3.7% | ||
| Q3 24 | 45.0% | 15.4% | ||
| Q2 24 | 43.3% | 25.2% | ||
| Q1 24 | 41.8% | 21.4% |
| Q4 25 | 38.8% | -1.3% | ||
| Q3 25 | 40.6% | -1.9% | ||
| Q2 25 | 37.6% | 30.2% | ||
| Q1 25 | 36.4% | 4.0% | ||
| Q4 24 | 37.3% | -9.2% | ||
| Q3 24 | 35.8% | 29.9% | ||
| Q2 24 | 34.5% | 16.4% | ||
| Q1 24 | 33.8% | -3.6% |
| Q4 25 | $2.63 | $-0.01 | ||
| Q3 25 | $2.73 | $-0.03 | ||
| Q2 25 | $2.34 | $0.60 | ||
| Q1 25 | $2.08 | $0.08 | ||
| Q4 24 | $2.21 | $-0.15 | ||
| Q3 24 | $2.10 | $0.53 | ||
| Q2 24 | $1.92 | $0.33 | ||
| Q1 24 | $1.82 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $134.9M | — |
| Stockholders' EquityBook value | $1.3B | $629.3M |
| Total Assets | $9.2B | $893.4M |
| Debt / EquityLower = less leverage | 0.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $4.5M | ||
| Q4 24 | — | $3.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| 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 | $629.3M | ||
| Q3 25 | $1.2B | $650.3M | ||
| Q2 25 | $1.2B | $671.9M | ||
| Q1 25 | $1.2B | $667.7M | ||
| Q4 24 | $1.2B | $500.3M | ||
| Q3 24 | $1.1B | $520.4M | ||
| Q2 24 | $1.1B | $518.5M | ||
| Q1 24 | $1.1B | $522.7M |
| Q4 25 | $9.2B | $893.4M | ||
| Q3 25 | $9.0B | $932.9M | ||
| Q2 25 | $8.9B | $951.5M | ||
| Q1 25 | $9.0B | $975.2M | ||
| Q4 24 | $8.8B | $810.9M | ||
| Q3 24 | $8.6B | $791.2M | ||
| Q2 24 | $8.6B | $778.4M | ||
| Q1 24 | $8.4B | $749.7M |
| 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 | $37.4M |
| Free Cash FlowOCF − Capex | $149.4M | — |
| FCF MarginFCF / Revenue | 143.7% | — |
| Capex IntensityCapex / Revenue | 3.9% | — |
| Cash ConversionOCF / Net Profit | 3.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | $275.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $153.5M | $37.4M | ||
| Q3 25 | $45.9M | $49.4M | ||
| Q2 25 | $38.9M | $66.0M | ||
| Q1 25 | $41.8M | $17.5M | ||
| Q4 24 | $133.7M | $34.7M | ||
| Q3 24 | $39.6M | $45.7M | ||
| Q2 24 | $37.3M | $35.2M | ||
| Q1 24 | $23.4M | $39.4M |
| Q4 25 | $149.4M | — | ||
| Q3 25 | $45.9M | — | ||
| Q2 25 | $38.4M | — | ||
| Q1 25 | $41.3M | — | ||
| Q4 24 | $116.8M | — | ||
| Q3 24 | $34.7M | — | ||
| Q2 24 | $34.4M | — | ||
| Q1 24 | $20.1M | — |
| Q4 25 | 143.7% | — | ||
| Q3 25 | 44.6% | — | ||
| Q2 25 | 40.1% | — | ||
| Q1 25 | 46.2% | — | ||
| Q4 24 | 126.4% | — | ||
| Q3 24 | 38.3% | — | ||
| Q2 24 | 40.5% | — | ||
| Q1 24 | 24.4% | — |
| Q4 25 | 3.9% | — | ||
| Q3 25 | 0.0% | — | ||
| Q2 25 | 0.6% | — | ||
| Q1 25 | 0.5% | — | ||
| Q4 24 | 18.3% | — | ||
| Q3 24 | 5.4% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 4.0% | — |
| Q4 25 | 3.81× | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.08× | 2.68× | ||
| Q1 25 | 1.28× | 6.56× | ||
| Q4 24 | 3.88× | — | ||
| Q3 24 | 1.22× | 2.62× | ||
| Q2 24 | 1.28× | 3.22× | ||
| 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.
VTS
| Oil Reserves | $54.5M | 93% |
| Natural Gas Reserves | $4.2M | 7% |
