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

ATRenew Inc. is the larger business by last-quarter revenue ($43.2M vs $35.2M, roughly 1.2× NATIONAL RESEARCH CORP). ATRenew Inc. runs the higher net margin — 16.9% vs 5.1%, a 11.8% 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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

NRC vs RERE — Head-to-Head

Bigger by revenue
RERE
RERE
1.2× larger
RERE
$43.2M
$35.2M
NRC
Higher net margin
RERE
RERE
11.8% more per $
RERE
16.9%
5.1%
NRC

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
NRC
NRC
RERE
RERE
Revenue
$35.2M
$43.2M
Net Profit
$1.8M
$7.3M
Gross Margin
Operating Margin
13.3%
Net Margin
5.1%
16.9%
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
NRC
NRC
RERE
RERE
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
$35.0M
Q1 24
$35.3M
Net Profit
NRC
NRC
RERE
RERE
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
$6.2M
Q1 24
$6.4M
Operating Margin
NRC
NRC
RERE
RERE
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
25.3%
Q1 24
24.8%
Net Margin
NRC
NRC
RERE
RERE
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
17.6%
Q1 24
18.0%
EPS (diluted)
NRC
NRC
RERE
RERE
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
NRC
NRC
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$4.1M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$557.1M
Total Assets
$134.9M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
RERE
RERE
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
RERE
RERE
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
$48.7M
Q2 24
$33.3M
Q1 24
$35.2M
Stockholders' Equity
NRC
NRC
RERE
RERE
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
NRC
NRC
RERE
RERE
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
$119.1M
Q1 24
$120.9M
Debt / Equity
NRC
NRC
RERE
RERE
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
NRC
NRC
RERE
RERE
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
RERE
RERE
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
NRC
NRC
RERE
RERE
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
RERE
RERE
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
RERE
RERE
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
RERE
RERE
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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