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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and RHYTHM PHARMACEUTICALS, INC. (RYTM). Click either name above to swap in a different company.

RHYTHM PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($57.3M vs $35.2M, roughly 1.6× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -83.0%, a 88.1% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs -4.6%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

NRC vs RYTM — Head-to-Head

Bigger by revenue
RYTM
RYTM
1.6× larger
RYTM
$57.3M
$35.2M
NRC
Growing faster (revenue YoY)
RYTM
RYTM
+41.5% gap
RYTM
36.9%
-4.6%
NRC
Higher net margin
NRC
NRC
88.1% more per $
NRC
5.1%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
-0.2%
NRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRC
NRC
RYTM
RYTM
Revenue
$35.2M
$57.3M
Net Profit
$1.8M
$-47.5M
Gross Margin
91.6%
Operating Margin
13.3%
-82.2%
Net Margin
5.1%
-83.0%
Revenue YoY
-4.6%
36.9%
Net Profit YoY
-72.6%
-9.6%
EPS (diluted)
$49.58
$-0.73

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
RYTM
RYTM
Q4 25
$35.2M
$57.3M
Q3 25
$34.6M
$51.3M
Q2 25
$34.0M
$48.5M
Q1 25
$33.6M
$32.7M
Q4 24
$36.9M
$41.8M
Q3 24
$35.8M
$33.3M
Q2 24
$35.0M
$29.1M
Q1 24
$35.3M
$26.0M
Net Profit
NRC
NRC
RYTM
RYTM
Q4 25
$1.8M
$-47.5M
Q3 25
$4.1M
$-52.9M
Q2 25
$-106.0K
$-46.6M
Q1 25
$5.8M
$-49.5M
Q4 24
$6.6M
$-43.3M
Q3 24
$5.7M
$-43.6M
Q2 24
$6.2M
$-32.3M
Q1 24
$6.4M
$-141.4M
Gross Margin
NRC
NRC
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
NRC
NRC
RYTM
RYTM
Q4 25
13.3%
-82.2%
Q3 25
22.4%
-102.6%
Q2 25
4.7%
-93.4%
Q1 25
25.6%
-143.7%
Q4 24
26.0%
-98.6%
Q3 24
22.3%
-132.0%
Q2 24
25.3%
-139.2%
Q1 24
24.8%
-538.7%
Net Margin
NRC
NRC
RYTM
RYTM
Q4 25
5.1%
-83.0%
Q3 25
11.9%
-103.1%
Q2 25
-0.3%
-96.1%
Q1 25
17.2%
-151.4%
Q4 24
17.8%
-103.6%
Q3 24
15.9%
-131.2%
Q2 24
17.6%
-110.9%
Q1 24
18.0%
-544.4%
EPS (diluted)
NRC
NRC
RYTM
RYTM
Q4 25
$49.58
$-0.73
Q3 25
$0.18
$-0.82
Q2 25
$-0.01
$-0.75
Q1 25
$0.25
$-0.81
Q4 24
$0.27
$-0.71
Q3 24
$0.24
$-0.73
Q2 24
$0.26
$-0.55
Q1 24
$0.27
$-2.35

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$4.1M
$388.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$139.1M
Total Assets
$134.9M
$480.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
RYTM
RYTM
Q4 25
$4.1M
$388.9M
Q3 25
$2.2M
$416.1M
Q2 25
$5.3M
$291.0M
Q1 25
$2.5M
$314.5M
Q4 24
$4.2M
$320.6M
Q3 24
$3.5M
$298.4M
Q2 24
$485.0K
$319.1M
Q1 24
$1.7M
$201.2M
Total Debt
NRC
NRC
RYTM
RYTM
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
RYTM
RYTM
Q4 25
$14.0M
$139.1M
Q3 25
$14.3M
$148.8M
Q2 25
$21.3M
$-11.9M
Q1 25
$29.7M
$18.9M
Q4 24
$31.3M
$21.7M
Q3 24
$34.6M
$11.2M
Q2 24
$40.2M
$39.3M
Q1 24
$36.9M
$61.6M
Total Assets
NRC
NRC
RYTM
RYTM
Q4 25
$134.9M
$480.2M
Q3 25
$135.7M
$506.9M
Q2 25
$141.4M
$372.7M
Q1 25
$135.2M
$386.7M
Q4 24
$132.5M
$392.3M
Q3 24
$131.8M
$363.6M
Q2 24
$119.1M
$381.8M
Q1 24
$120.9M
$258.7M
Debt / Equity
NRC
NRC
RYTM
RYTM
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
RYTM
RYTM
Operating Cash FlowLast quarter
$7.2M
$-25.4M
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
RYTM
RYTM
Q4 25
$7.2M
$-25.4M
Q3 25
$13.8M
$-26.6M
Q2 25
$-1.1M
$-23.3M
Q1 25
$6.6M
$-40.4M
Q4 24
$6.4M
$-18.8M
Q3 24
$9.4M
$-25.2M
Q2 24
$6.8M
$-29.1M
Q1 24
$12.0M
$-40.7M
Free Cash Flow
NRC
NRC
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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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