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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and NETSTREIT Corp. (NTST). Click either name above to swap in a different company.

NETSTREIT Corp. is the larger business by last-quarter revenue ($57.1M vs $35.2M, roughly 1.6× NATIONAL RESEARCH CORP). NETSTREIT Corp. runs the higher net margin — 10.0% vs 5.1%, a 4.9% gap on every dollar of revenue. On growth, NETSTREIT Corp. posted the faster year-over-year revenue change (24.3% vs -4.6%). Over the past eight quarters, NETSTREIT Corp.'s revenue compounded faster (20.1% CAGR vs -0.2%).

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.

NETSTREIT Corp. is a US-headquartered real estate investment trust (REIT) that specializes in acquiring and operating a diversified portfolio of single-tenant net lease commercial properties. Its asset portfolio covers retail, industrial and office categories, primarily catering to investment-grade corporate tenants across the United States market.

NRC vs NTST — Head-to-Head

Bigger by revenue
NTST
NTST
1.6× larger
NTST
$57.1M
$35.2M
NRC
Growing faster (revenue YoY)
NTST
NTST
+28.9% gap
NTST
24.3%
-4.6%
NRC
Higher net margin
NTST
NTST
4.9% more per $
NTST
10.0%
5.1%
NRC
Faster 2-yr revenue CAGR
NTST
NTST
Annualised
NTST
20.1%
-0.2%
NRC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NRC
NRC
NTST
NTST
Revenue
$35.2M
$57.1M
Net Profit
$1.8M
$5.7M
Gross Margin
Operating Margin
13.3%
34.1%
Net Margin
5.1%
10.0%
Revenue YoY
-4.6%
24.3%
Net Profit YoY
-72.6%
235.9%
EPS (diluted)
$49.58
$0.32

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
NRC
NRC
NTST
NTST
Q1 26
$57.1M
Q4 25
$35.2M
$52.5M
Q3 25
$34.6M
$48.3M
Q2 25
$34.0M
$48.3M
Q1 25
$33.6M
$45.9M
Q4 24
$36.9M
$44.1M
Q3 24
$35.8M
$41.4M
Q2 24
$35.0M
$39.6M
Net Profit
NRC
NRC
NTST
NTST
Q1 26
$5.7M
Q4 25
$1.8M
$1.3M
Q3 25
$4.1M
$618.0K
Q2 25
$-106.0K
$3.3M
Q1 25
$5.8M
$1.7M
Q4 24
$6.6M
$-5.4M
Q3 24
$5.7M
$-5.3M
Q2 24
$6.2M
$-2.3M
Operating Margin
NRC
NRC
NTST
NTST
Q1 26
34.1%
Q4 25
13.3%
2.6%
Q3 25
22.4%
1.3%
Q2 25
4.7%
6.8%
Q1 25
25.6%
3.7%
Q4 24
26.0%
-12.3%
Q3 24
22.3%
-12.8%
Q2 24
25.3%
-5.8%
Net Margin
NRC
NRC
NTST
NTST
Q1 26
10.0%
Q4 25
5.1%
2.5%
Q3 25
11.9%
1.3%
Q2 25
-0.3%
6.8%
Q1 25
17.2%
3.7%
Q4 24
17.8%
-12.3%
Q3 24
15.9%
-12.8%
Q2 24
17.6%
-5.8%
EPS (diluted)
NRC
NRC
NTST
NTST
Q1 26
$0.32
Q4 25
$49.58
$0.01
Q3 25
$0.18
$0.01
Q2 25
$-0.01
$0.04
Q1 25
$0.25
$0.02
Q4 24
$0.27
$-0.07
Q3 24
$0.24
$-0.07
Q2 24
$0.26
$-0.03

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
NTST
NTST
Cash + ST InvestmentsLiquidity on hand
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$1.5B
Total Assets
$134.9M
$2.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
NTST
NTST
Q1 26
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
$485.0K
Total Debt
NRC
NRC
NTST
NTST
Q1 26
Q4 25
$1.1B
Q3 25
$1.1B
Q2 25
$926.6M
Q1 25
$913.3M
Q4 24
$868.3M
Q3 24
$48.7M
$778.7M
Q2 24
$33.3M
$726.2M
Stockholders' Equity
NRC
NRC
NTST
NTST
Q1 26
$1.5B
Q4 25
$14.0M
$1.4B
Q3 25
$14.3M
$1.3B
Q2 25
$21.3M
$1.3B
Q1 25
$29.7M
$1.3B
Q4 24
$31.3M
$1.3B
Q3 24
$34.6M
$1.3B
Q2 24
$40.2M
$1.3B
Total Assets
NRC
NRC
NTST
NTST
Q1 26
$2.8B
Q4 25
$134.9M
$2.6B
Q3 25
$135.7M
$2.5B
Q2 25
$141.4M
$2.3B
Q1 25
$135.2M
$2.3B
Q4 24
$132.5M
$2.3B
Q3 24
$131.8M
$2.2B
Q2 24
$119.1M
$2.1B
Debt / Equity
NRC
NRC
NTST
NTST
Q1 26
Q4 25
0.76×
Q3 25
0.84×
Q2 25
0.70×
Q1 25
0.70×
Q4 24
0.65×
Q3 24
1.41×
0.58×
Q2 24
0.83×
0.55×

Cash Flow & Capital Efficiency

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

Metric
NRC
NRC
NTST
NTST
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
NRC
NRC
NTST
NTST
Q1 26
Q4 25
$7.2M
$109.5M
Q3 25
$13.8M
$28.0M
Q2 25
$-1.1M
$30.6M
Q1 25
$6.6M
$22.1M
Q4 24
$6.4M
$90.2M
Q3 24
$9.4M
$25.1M
Q2 24
$6.8M
$25.4M
Free Cash Flow
NRC
NRC
NTST
NTST
Q1 26
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
FCF Margin
NRC
NRC
NTST
NTST
Q1 26
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%
Capex Intensity
NRC
NRC
NTST
NTST
Q1 26
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%
Cash Conversion
NRC
NRC
NTST
NTST
Q1 26
Q4 25
3.99×
82.46×
Q3 25
3.34×
45.27×
Q2 25
9.36×
Q1 25
1.15×
13.06×
Q4 24
0.97×
Q3 24
1.66×
Q2 24
1.10×

Financial Flow Comparison

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

Revenue Breakdown by Segment

NRC
NRC

Segment breakdown not available.

NTST
NTST

Rental revenue (including reimbursable)$54.0M95%
Other$3.0M5%

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