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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and OP Bancorp (OPBK). Click either name above to swap in a different company.
NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $24.3M, roughly 1.4× OP Bancorp). On growth, OP Bancorp posted the faster year-over-year revenue change (13.7% vs -4.6%). OP Bancorp produced more free cash flow last quarter ($23.4M vs $6.1M). Over the past eight quarters, OP Bancorp's revenue compounded faster (11.4% 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.
OP Bancorp is the bank holding company for Open Bank, a community-oriented commercial bank headquartered in California, United States. It provides a full range of banking solutions including deposit accounts, commercial real estate loans, small business financing, and consumer lending products, primarily catering to small and medium-sized enterprises, local immigrant communities, and retail clients across Southern California.
NRC vs OPBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $24.3M |
| Net Profit | $1.8M | — |
| Gross Margin | — | — |
| Operating Margin | 13.3% | 39.2% |
| Net Margin | 5.1% | — |
| Revenue YoY | -4.6% | 13.7% |
| Net Profit YoY | -72.6% | — |
| EPS (diluted) | $49.58 | $0.48 |
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 | $35.2M | $24.3M | ||
| Q3 25 | $34.6M | $24.5M | ||
| Q2 25 | $34.0M | $23.7M | ||
| Q1 25 | $33.6M | $22.2M | ||
| Q4 24 | $36.9M | $21.3M | ||
| Q3 24 | $35.8M | $20.7M | ||
| Q2 24 | $35.0M | $20.4M | ||
| Q1 24 | $35.3M | $19.6M |
| Q4 25 | $1.8M | — | ||
| Q3 25 | $4.1M | $6.7M | ||
| Q2 25 | $-106.0K | $6.3M | ||
| Q1 25 | $5.8M | $5.6M | ||
| Q4 24 | $6.6M | — | ||
| Q3 24 | $5.7M | $5.4M | ||
| Q2 24 | $6.2M | $5.4M | ||
| Q1 24 | $6.4M | $5.2M |
| Q4 25 | 13.3% | 39.2% | ||
| Q3 25 | 22.4% | 39.5% | ||
| Q2 25 | 4.7% | 35.7% | ||
| Q1 25 | 25.6% | 34.6% | ||
| Q4 24 | 26.0% | 31.2% | ||
| Q3 24 | 22.3% | 36.5% | ||
| Q2 24 | 25.3% | 37.2% | ||
| Q1 24 | 24.8% | 37.1% |
| Q4 25 | 5.1% | — | ||
| Q3 25 | 11.9% | 27.4% | ||
| Q2 25 | -0.3% | 26.7% | ||
| Q1 25 | 17.2% | 25.0% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 15.9% | 26.2% | ||
| Q2 24 | 17.6% | 26.7% | ||
| Q1 24 | 18.0% | 26.7% |
| Q4 25 | $49.58 | $0.48 | ||
| Q3 25 | $0.18 | $0.45 | ||
| Q2 25 | $-0.01 | $0.42 | ||
| Q1 25 | $0.25 | $0.37 | ||
| Q4 24 | $0.27 | $0.33 | ||
| Q3 24 | $0.24 | $0.36 | ||
| Q2 24 | $0.26 | $0.36 | ||
| Q1 24 | $0.27 | $0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1M | $167.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $14.0M | $227.9M |
| Total Assets | $134.9M | $2.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $167.3M | ||
| Q3 25 | $2.2M | $166.7M | ||
| Q2 25 | $5.3M | $205.4M | ||
| Q1 25 | $2.5M | $198.9M | ||
| Q4 24 | $4.2M | $134.9M | ||
| Q3 24 | $3.5M | $166.8M | ||
| Q2 24 | $485.0K | $127.7M | ||
| Q1 24 | $1.7M | $139.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $48.7M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $35.2M | — |
| Q4 25 | $14.0M | $227.9M | ||
| Q3 25 | $14.3M | $221.5M | ||
| Q2 25 | $21.3M | $213.7M | ||
| Q1 25 | $29.7M | $210.1M | ||
| Q4 24 | $31.3M | $205.0M | ||
| Q3 24 | $34.6M | $203.6M | ||
| Q2 24 | $40.2M | $195.9M | ||
| Q1 24 | $36.9M | $194.7M |
| Q4 25 | $134.9M | $2.7B | ||
| Q3 25 | $135.7M | $2.6B | ||
| Q2 25 | $141.4M | $2.6B | ||
| Q1 25 | $135.2M | $2.5B | ||
| Q4 24 | $132.5M | $2.4B | ||
| Q3 24 | $131.8M | $2.4B | ||
| Q2 24 | $119.1M | $2.3B | ||
| Q1 24 | $120.9M | $2.2B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $7.2M | $26.2M |
| Free Cash FlowOCF − Capex | $6.1M | $23.4M |
| FCF MarginFCF / Revenue | 17.2% | 96.2% |
| Capex IntensityCapex / Revenue | 3.2% | 11.5% |
| Cash ConversionOCF / Net Profit | 3.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.7M | $43.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.2M | $26.2M | ||
| Q3 25 | $13.8M | $23.9M | ||
| Q2 25 | $-1.1M | $-7.0M | ||
| Q1 25 | $6.6M | $5.6M | ||
| Q4 24 | $6.4M | $31.2M | ||
| Q3 24 | $9.4M | $13.3M | ||
| Q2 24 | $6.8M | $15.8M | ||
| Q1 24 | $12.0M | $-3.2M |
| Q4 25 | $6.1M | $23.4M | ||
| Q3 25 | $10.2M | $23.4M | ||
| Q2 25 | $-4.1M | $-7.7M | ||
| Q1 25 | $3.7M | $4.2M | ||
| Q4 24 | $1.9M | $29.7M | ||
| Q3 24 | $7.8M | $12.8M | ||
| Q2 24 | $1.5M | $15.7M | ||
| Q1 24 | $7.9M | $-3.2M |
| Q4 25 | 17.2% | 96.2% | ||
| Q3 25 | 29.4% | 95.6% | ||
| Q2 25 | -12.2% | -32.5% | ||
| Q1 25 | 10.9% | 19.0% | ||
| Q4 24 | 5.2% | 139.0% | ||
| Q3 24 | 21.8% | 61.5% | ||
| Q2 24 | 4.3% | 77.0% | ||
| Q1 24 | 22.4% | -16.6% |
| Q4 25 | 3.2% | 11.5% | ||
| Q3 25 | 10.4% | 2.3% | ||
| Q2 25 | 8.8% | 3.0% | ||
| Q1 25 | 8.9% | 6.4% | ||
| Q4 24 | 12.0% | 7.3% | ||
| Q3 24 | 4.5% | 2.8% | ||
| Q2 24 | 15.0% | 0.4% | ||
| Q1 24 | 11.7% | 0.5% |
| Q4 25 | 3.99× | — | ||
| Q3 25 | 3.34× | 3.57× | ||
| Q2 25 | — | -1.10× | ||
| Q1 25 | 1.15× | 1.02× | ||
| Q4 24 | 0.97× | — | ||
| Q3 24 | 1.66× | 2.45× | ||
| Q2 24 | 1.10× | 2.90× | ||
| Q1 24 | 1.89× | -0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
