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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and Plymouth Industrial REIT, Inc. (PLYM). Click either name above to swap in a different company.

Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $35.2M, roughly 1.5× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -106.3%, a 111.4% gap on every dollar of revenue. On growth, Plymouth Industrial REIT, Inc. posted the faster year-over-year revenue change (-1.4% vs -4.6%). Over the past eight quarters, Plymouth Industrial REIT, Inc.'s revenue compounded faster (0.4% 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.

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

NRC vs PLYM — Head-to-Head

Bigger by revenue
PLYM
PLYM
1.5× larger
PLYM
$51.2M
$35.2M
NRC
Growing faster (revenue YoY)
PLYM
PLYM
+3.3% gap
PLYM
-1.4%
-4.6%
NRC
Higher net margin
NRC
NRC
111.4% more per $
NRC
5.1%
-106.3%
PLYM
Faster 2-yr revenue CAGR
PLYM
PLYM
Annualised
PLYM
0.4%
-0.2%
NRC

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NRC
NRC
PLYM
PLYM
Revenue
$35.2M
$51.2M
Net Profit
$1.8M
$-54.4M
Gross Margin
Operating Margin
13.3%
-102.5%
Net Margin
5.1%
-106.3%
Revenue YoY
-4.6%
-1.4%
Net Profit YoY
-72.6%
-248.5%
EPS (diluted)
$49.58
$-1.23

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
PLYM
PLYM
Q4 25
$35.2M
Q3 25
$34.6M
$51.2M
Q2 25
$34.0M
$47.2M
Q1 25
$33.6M
$45.6M
Q4 24
$36.9M
$47.6M
Q3 24
$35.8M
$51.9M
Q2 24
$35.0M
$48.7M
Q1 24
$35.3M
$50.2M
Net Profit
NRC
NRC
PLYM
PLYM
Q4 25
$1.8M
Q3 25
$4.1M
$-54.4M
Q2 25
$-106.0K
$-6.1M
Q1 25
$5.8M
$5.8M
Q4 24
$6.6M
$147.4M
Q3 24
$5.7M
$-15.6M
Q2 24
$6.2M
$1.3M
Q1 24
$6.4M
$6.2M
Operating Margin
NRC
NRC
PLYM
PLYM
Q4 25
13.3%
Q3 25
22.4%
-102.5%
Q2 25
4.7%
-10.3%
Q1 25
25.6%
Q4 24
26.0%
Q3 24
22.3%
-29.6%
Q2 24
25.3%
2.7%
Q1 24
24.8%
Net Margin
NRC
NRC
PLYM
PLYM
Q4 25
5.1%
Q3 25
11.9%
-106.3%
Q2 25
-0.3%
-12.9%
Q1 25
17.2%
12.8%
Q4 24
17.8%
309.9%
Q3 24
15.9%
-30.1%
Q2 24
17.6%
2.7%
Q1 24
18.0%
12.4%
EPS (diluted)
NRC
NRC
PLYM
PLYM
Q4 25
$49.58
Q3 25
$0.18
$-1.23
Q2 25
$-0.01
$-0.14
Q1 25
$0.25
$0.13
Q4 24
$0.27
$3.24
Q3 24
$0.24
$-0.35
Q2 24
$0.26
$0.03
Q1 24
$0.27
$0.14

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
PLYM
PLYM
Cash + ST InvestmentsLiquidity on hand
$4.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$470.1M
Total Assets
$134.9M
$1.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
PLYM
PLYM
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
Q1 24
$1.7M
Total Debt
NRC
NRC
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
$48.7M
Q2 24
$33.3M
Q1 24
$35.2M
Stockholders' Equity
NRC
NRC
PLYM
PLYM
Q4 25
$14.0M
Q3 25
$14.3M
$470.1M
Q2 25
$21.3M
$539.6M
Q1 25
$29.7M
$571.0M
Q4 24
$31.3M
$579.5M
Q3 24
$34.6M
$436.5M
Q2 24
$40.2M
$475.2M
Q1 24
$36.9M
$484.6M
Total Assets
NRC
NRC
PLYM
PLYM
Q4 25
$134.9M
Q3 25
$135.7M
$1.6B
Q2 25
$141.4M
$1.6B
Q1 25
$135.2M
$1.4B
Q4 24
$132.5M
$1.4B
Q3 24
$131.8M
$1.5B
Q2 24
$119.1M
$1.4B
Q1 24
$120.9M
$1.4B
Debt / Equity
NRC
NRC
PLYM
PLYM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
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
NRC
NRC
PLYM
PLYM
Operating Cash FlowLast quarter
$7.2M
$20.0M
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
PLYM
PLYM
Q4 25
$7.2M
Q3 25
$13.8M
$20.0M
Q2 25
$-1.1M
$23.4M
Q1 25
$6.6M
$15.6M
Q4 24
$6.4M
$96.1M
Q3 24
$9.4M
$17.6M
Q2 24
$6.8M
$19.9M
Q1 24
$12.0M
$16.6M
Free Cash Flow
NRC
NRC
PLYM
PLYM
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
NRC
NRC
PLYM
PLYM
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
NRC
NRC
PLYM
PLYM
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
NRC
NRC
PLYM
PLYM
Q4 25
3.99×
Q3 25
3.34×
Q2 25
Q1 25
1.15×
2.67×
Q4 24
0.97×
0.65×
Q3 24
1.66×
Q2 24
1.10×
15.12×
Q1 24
1.89×
2.67×

Financial Flow Comparison

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

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