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Side-by-side financial comparison of NIP Group Inc. (NIPG) and NATIONAL RESEARCH CORP (NRC). Click either name above to swap in a different company.

NIP Group Inc. is the larger business by last-quarter revenue ($39.3M vs $35.2M, roughly 1.1× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -11.9%, a 17.0% gap on every dollar of revenue.

National Research Corporation, doing business as NRC Health, is an American healthcare company which provides healthcare products and subscription-based solutions in United States and Canada. It was founded in 1981, and is based in Lincoln, Nebraska.

NIPG vs NRC — Head-to-Head

Bigger by revenue
NIPG
NIPG
1.1× larger
NIPG
$39.3M
$35.2M
NRC
Higher net margin
NRC
NRC
17.0% more per $
NRC
5.1%
-11.9%
NIPG

Income Statement — Q2 FY2024 vs Q4 FY2025

Metric
NIPG
NIPG
NRC
NRC
Revenue
$39.3M
$35.2M
Net Profit
$-4.7M
$1.8M
Gross Margin
6.0%
Operating Margin
-13.0%
13.3%
Net Margin
-11.9%
5.1%
Revenue YoY
-4.6%
Net Profit YoY
-72.6%
EPS (diluted)
$49.58

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.

Revenue
NIPG
NIPG
NRC
NRC
Q4 25
$35.2M
Q3 25
$34.6M
Q2 25
$34.0M
Q1 25
$33.6M
Q4 24
$36.9M
Q3 24
$35.8M
Q2 24
$39.3M
$35.0M
Q1 24
$35.3M
Net Profit
NIPG
NIPG
NRC
NRC
Q4 25
$1.8M
Q3 25
$4.1M
Q2 25
$-106.0K
Q1 25
$5.8M
Q4 24
$6.6M
Q3 24
$5.7M
Q2 24
$-4.7M
$6.2M
Q1 24
$6.4M
Gross Margin
NIPG
NIPG
NRC
NRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
6.0%
Q1 24
Operating Margin
NIPG
NIPG
NRC
NRC
Q4 25
13.3%
Q3 25
22.4%
Q2 25
4.7%
Q1 25
25.6%
Q4 24
26.0%
Q3 24
22.3%
Q2 24
-13.0%
25.3%
Q1 24
24.8%
Net Margin
NIPG
NIPG
NRC
NRC
Q4 25
5.1%
Q3 25
11.9%
Q2 25
-0.3%
Q1 25
17.2%
Q4 24
17.8%
Q3 24
15.9%
Q2 24
-11.9%
17.6%
Q1 24
18.0%
EPS (diluted)
NIPG
NIPG
NRC
NRC
Q4 25
$49.58
Q3 25
$0.18
Q2 25
$-0.01
Q1 25
$0.25
Q4 24
$0.27
Q3 24
$0.24
Q2 24
$0.26
Q1 24
$0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NIPG
NIPG
NRC
NRC
Cash + ST InvestmentsLiquidity on hand
$6.8M
$4.1M
Total DebtLower is stronger
$3.8M
Stockholders' EquityBook value
$14.0M
Total Assets
$305.3M
$134.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NIPG
NIPG
NRC
NRC
Q4 25
$4.1M
Q3 25
$2.2M
Q2 25
$5.3M
Q1 25
$2.5M
Q4 24
$4.2M
Q3 24
$3.5M
Q2 24
$6.8M
$485.0K
Q1 24
$1.7M
Total Debt
NIPG
NIPG
NRC
NRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$48.7M
Q2 24
$3.8M
$33.3M
Q1 24
$35.2M
Stockholders' Equity
NIPG
NIPG
NRC
NRC
Q4 25
$14.0M
Q3 25
$14.3M
Q2 25
$21.3M
Q1 25
$29.7M
Q4 24
$31.3M
Q3 24
$34.6M
Q2 24
$40.2M
Q1 24
$36.9M
Total Assets
NIPG
NIPG
NRC
NRC
Q4 25
$134.9M
Q3 25
$135.7M
Q2 25
$141.4M
Q1 25
$135.2M
Q4 24
$132.5M
Q3 24
$131.8M
Q2 24
$305.3M
$119.1M
Q1 24
$120.9M
Debt / Equity
NIPG
NIPG
NRC
NRC
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
1.41×
Q2 24
0.83×
Q1 24
0.95×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NIPG
NIPG
NRC
NRC
Operating Cash FlowLast quarter
$7.2M
Free Cash FlowOCF − Capex
$6.1M
FCF MarginFCF / Revenue
17.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
3.99×
TTM Free Cash FlowTrailing 4 quarters
$15.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NIPG
NIPG
NRC
NRC
Q4 25
$7.2M
Q3 25
$13.8M
Q2 25
$-1.1M
Q1 25
$6.6M
Q4 24
$6.4M
Q3 24
$9.4M
Q2 24
$6.8M
Q1 24
$12.0M
Free Cash Flow
NIPG
NIPG
NRC
NRC
Q4 25
$6.1M
Q3 25
$10.2M
Q2 25
$-4.1M
Q1 25
$3.7M
Q4 24
$1.9M
Q3 24
$7.8M
Q2 24
$1.5M
Q1 24
$7.9M
FCF Margin
NIPG
NIPG
NRC
NRC
Q4 25
17.2%
Q3 25
29.4%
Q2 25
-12.2%
Q1 25
10.9%
Q4 24
5.2%
Q3 24
21.8%
Q2 24
4.3%
Q1 24
22.4%
Capex Intensity
NIPG
NIPG
NRC
NRC
Q4 25
3.2%
Q3 25
10.4%
Q2 25
8.8%
Q1 25
8.9%
Q4 24
12.0%
Q3 24
4.5%
Q2 24
15.0%
Q1 24
11.7%
Cash Conversion
NIPG
NIPG
NRC
NRC
Q4 25
3.99×
Q3 25
3.34×
Q2 25
Q1 25
1.15×
Q4 24
0.97×
Q3 24
1.66×
Q2 24
1.10×
Q1 24
1.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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