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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and R F INDUSTRIES LTD (RFIL). Click either name above to swap in a different company.

NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $22.7M, roughly 1.6× R F INDUSTRIES LTD). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs 0.8%, a 4.3% gap on every dollar of revenue. On growth, R F INDUSTRIES LTD posted the faster year-over-year revenue change (22.9% vs -4.6%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $2.0M). Over the past eight quarters, R F INDUSTRIES LTD's revenue compounded faster (29.8% 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.

Tootsie Roll Industries is an American manufacturer of confectionery based in Chicago, Illinois. Its best-known products include the namesake Tootsie Rolls and Tootsie Pops. Tootsie Roll Industries currently markets its brands internationally in Canada, Mexico, and over 75 other countries.

NRC vs RFIL — Head-to-Head

Bigger by revenue
NRC
NRC
1.6× larger
NRC
$35.2M
$22.7M
RFIL
Growing faster (revenue YoY)
RFIL
RFIL
+27.6% gap
RFIL
22.9%
-4.6%
NRC
Higher net margin
NRC
NRC
4.3% more per $
NRC
5.1%
0.8%
RFIL
More free cash flow
NRC
NRC
$4.0M more FCF
NRC
$6.1M
$2.0M
RFIL
Faster 2-yr revenue CAGR
RFIL
RFIL
Annualised
RFIL
29.8%
-0.2%
NRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRC
NRC
RFIL
RFIL
Revenue
$35.2M
$22.7M
Net Profit
$1.8M
$173.0K
Gross Margin
36.8%
Operating Margin
13.3%
4.0%
Net Margin
5.1%
0.8%
Revenue YoY
-4.6%
22.9%
Net Profit YoY
-72.6%
172.7%
EPS (diluted)
$49.58
$0.01

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
RFIL
RFIL
Q4 25
$35.2M
$22.7M
Q3 25
$34.6M
$19.8M
Q2 25
$34.0M
$18.9M
Q1 25
$33.6M
$19.2M
Q4 24
$36.9M
$18.5M
Q3 24
$35.8M
$16.8M
Q2 24
$35.0M
$16.1M
Q1 24
$35.3M
$13.5M
Net Profit
NRC
NRC
RFIL
RFIL
Q4 25
$1.8M
$173.0K
Q3 25
$4.1M
$392.0K
Q2 25
$-106.0K
$-245.0K
Q1 25
$5.8M
$-245.0K
Q4 24
$6.6M
$-238.0K
Q3 24
$5.7M
$-705.0K
Q2 24
$6.2M
$-4.3M
Q1 24
$6.4M
$-1.4M
Gross Margin
NRC
NRC
RFIL
RFIL
Q4 25
36.8%
Q3 25
34.0%
Q2 25
31.5%
Q1 25
29.8%
Q4 24
31.3%
Q3 24
29.5%
Q2 24
29.9%
Q1 24
24.5%
Operating Margin
NRC
NRC
RFIL
RFIL
Q4 25
13.3%
4.0%
Q3 25
22.4%
3.6%
Q2 25
4.7%
0.6%
Q1 25
25.6%
0.3%
Q4 24
26.0%
0.5%
Q3 24
22.3%
-2.5%
Q2 24
25.3%
-2.6%
Q1 24
24.8%
-15.5%
Net Margin
NRC
NRC
RFIL
RFIL
Q4 25
5.1%
0.8%
Q3 25
11.9%
2.0%
Q2 25
-0.3%
-1.3%
Q1 25
17.2%
-1.3%
Q4 24
17.8%
-1.3%
Q3 24
15.9%
-4.2%
Q2 24
17.6%
-26.7%
Q1 24
18.0%
-10.1%
EPS (diluted)
NRC
NRC
RFIL
RFIL
Q4 25
$49.58
$0.01
Q3 25
$0.18
$0.04
Q2 25
$-0.01
$-0.02
Q1 25
$0.25
$-0.02
Q4 24
$0.27
$-0.02
Q3 24
$0.24
$-0.07
Q2 24
$0.26
$-0.41
Q1 24
$0.27
$-0.13

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
RFIL
RFIL
Cash + ST InvestmentsLiquidity on hand
$4.1M
$5.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$35.2M
Total Assets
$134.9M
$73.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
RFIL
RFIL
Q4 25
$4.1M
$5.1M
Q3 25
$2.2M
$3.0M
Q2 25
$5.3M
$3.6M
Q1 25
$2.5M
$1.3M
Q4 24
$4.2M
$839.0K
Q3 24
$3.5M
$1.8M
Q2 24
$485.0K
$1.4M
Q1 24
$1.7M
$4.5M
Total Debt
NRC
NRC
RFIL
RFIL
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
RFIL
RFIL
Q4 25
$14.0M
$35.2M
Q3 25
$14.3M
$34.8M
Q2 25
$21.3M
$34.2M
Q1 25
$29.7M
$34.2M
Q4 24
$31.3M
$34.1M
Q3 24
$34.6M
$34.1M
Q2 24
$40.2M
$34.6M
Q1 24
$36.9M
$38.7M
Total Assets
NRC
NRC
RFIL
RFIL
Q4 25
$134.9M
$73.0M
Q3 25
$135.7M
$73.2M
Q2 25
$141.4M
$72.7M
Q1 25
$135.2M
$70.4M
Q4 24
$132.5M
$71.0M
Q3 24
$131.8M
$71.9M
Q2 24
$119.1M
$72.8M
Q1 24
$120.9M
$79.1M
Debt / Equity
NRC
NRC
RFIL
RFIL
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
RFIL
RFIL
Operating Cash FlowLast quarter
$7.2M
$2.1M
Free Cash FlowOCF − Capex
$6.1M
$2.0M
FCF MarginFCF / Revenue
17.2%
9.0%
Capex IntensityCapex / Revenue
3.2%
0.3%
Cash ConversionOCF / Net Profit
3.99×
12.13×
TTM Free Cash FlowTrailing 4 quarters
$15.7M
$4.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRC
NRC
RFIL
RFIL
Q4 25
$7.2M
$2.1M
Q3 25
$13.8M
$-311.0K
Q2 25
$-1.1M
$2.2M
Q1 25
$6.6M
$601.0K
Q4 24
$6.4M
$-244.0K
Q3 24
$9.4M
$2.4M
Q2 24
$6.8M
$197.0K
Q1 24
$12.0M
$840.0K
Free Cash Flow
NRC
NRC
RFIL
RFIL
Q4 25
$6.1M
$2.0M
Q3 25
$10.2M
$-419.0K
Q2 25
$-4.1M
$2.2M
Q1 25
$3.7M
$574.0K
Q4 24
$1.9M
$-418.0K
Q3 24
$7.8M
$2.1M
Q2 24
$1.5M
$28.0K
Q1 24
$7.9M
$697.0K
FCF Margin
NRC
NRC
RFIL
RFIL
Q4 25
17.2%
9.0%
Q3 25
29.4%
-2.1%
Q2 25
-12.2%
11.4%
Q1 25
10.9%
3.0%
Q4 24
5.2%
-2.3%
Q3 24
21.8%
12.6%
Q2 24
4.3%
0.2%
Q1 24
22.4%
5.2%
Capex Intensity
NRC
NRC
RFIL
RFIL
Q4 25
3.2%
0.3%
Q3 25
10.4%
0.5%
Q2 25
8.8%
0.2%
Q1 25
8.9%
0.1%
Q4 24
12.0%
0.9%
Q3 24
4.5%
1.5%
Q2 24
15.0%
1.0%
Q1 24
11.7%
1.1%
Cash Conversion
NRC
NRC
RFIL
RFIL
Q4 25
3.99×
12.13×
Q3 25
3.34×
-0.79×
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.

Revenue Breakdown by Segment

NRC
NRC

Segment breakdown not available.

RFIL
RFIL

US$20.9M92%
Non Us$1.8M8%

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