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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and SAGA COMMUNICATIONS INC (SGA). Click either name above to swap in a different company.

NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $26.5M, roughly 1.3× SAGA COMMUNICATIONS INC). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -26.1%, a 31.2% gap on every dollar of revenue. On growth, NATIONAL RESEARCH CORP posted the faster year-over-year revenue change (-4.6% vs -9.3%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $-459.0K). Over the past eight quarters, SAGA COMMUNICATIONS INC's revenue compounded faster (2.4% 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.

Saga is a British company focused on serving the needs of those aged 50 and over, originally owned by its founder, later acquired by private equity, and ultimately listed on the London Stock Exchange. It has 2.7 million customers. The company operates sites on the Kent and Sussex coast: Enbrook Park and Priory Square. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

NRC vs SGA — Head-to-Head

Bigger by revenue
NRC
NRC
1.3× larger
NRC
$35.2M
$26.5M
SGA
Growing faster (revenue YoY)
NRC
NRC
+4.6% gap
NRC
-4.6%
-9.3%
SGA
Higher net margin
NRC
NRC
31.2% more per $
NRC
5.1%
-26.1%
SGA
More free cash flow
NRC
NRC
$6.5M more FCF
NRC
$6.1M
$-459.0K
SGA
Faster 2-yr revenue CAGR
SGA
SGA
Annualised
SGA
2.4%
-0.2%
NRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRC
NRC
SGA
SGA
Revenue
$35.2M
$26.5M
Net Profit
$1.8M
$-6.9M
Gross Margin
Operating Margin
13.3%
-36.0%
Net Margin
5.1%
-26.1%
Revenue YoY
-4.6%
-9.3%
Net Profit YoY
-72.6%
-645.3%
EPS (diluted)
$49.58
$-1.07

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
SGA
SGA
Q4 25
$35.2M
$26.5M
Q3 25
$34.6M
$28.2M
Q2 25
$34.0M
$28.2M
Q1 25
$33.6M
$24.2M
Q4 24
$36.9M
$29.2M
Q3 24
$35.8M
$28.7M
Q2 24
$35.0M
$29.7M
Q1 24
$35.3M
$25.3M
Net Profit
NRC
NRC
SGA
SGA
Q4 25
$1.8M
$-6.9M
Q3 25
$4.1M
$-532.0K
Q2 25
$-106.0K
$1.1M
Q1 25
$5.8M
$-1.6M
Q4 24
$6.6M
$1.3M
Q3 24
$5.7M
$1.3M
Q2 24
$6.2M
$2.5M
Q1 24
$6.4M
$-1.6M
Operating Margin
NRC
NRC
SGA
SGA
Q4 25
13.3%
-36.0%
Q3 25
22.4%
-2.2%
Q2 25
4.7%
5.0%
Q1 25
25.6%
-9.5%
Q4 24
26.0%
3.4%
Q3 24
22.3%
5.7%
Q2 24
25.3%
7.2%
Q1 24
24.8%
-9.6%
Net Margin
NRC
NRC
SGA
SGA
Q4 25
5.1%
-26.1%
Q3 25
11.9%
-1.9%
Q2 25
-0.3%
4.0%
Q1 25
17.2%
-6.5%
Q4 24
17.8%
4.3%
Q3 24
15.9%
4.4%
Q2 24
17.6%
8.4%
Q1 24
18.0%
-6.2%
EPS (diluted)
NRC
NRC
SGA
SGA
Q4 25
$49.58
$-1.07
Q3 25
$0.18
$-0.08
Q2 25
$-0.01
$0.18
Q1 25
$0.25
$-0.25
Q4 24
$0.27
$0.20
Q3 24
$0.24
$0.20
Q2 24
$0.26
$0.40
Q1 24
$0.27
$-0.25

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
SGA
SGA
Cash + ST InvestmentsLiquidity on hand
$4.1M
$31.8M
Total DebtLower is stronger
$5.0M
Stockholders' EquityBook value
$14.0M
$151.5M
Total Assets
$134.9M
$201.3M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
SGA
SGA
Q4 25
$4.1M
$31.8M
Q3 25
$2.2M
$26.3M
Q2 25
$5.3M
$24.9M
Q1 25
$2.5M
$27.0M
Q4 24
$4.2M
$27.8M
Q3 24
$3.5M
$28.7M
Q2 24
$485.0K
$24.1M
Q1 24
$1.7M
$28.8M
Total Debt
NRC
NRC
SGA
SGA
Q4 25
$5.0M
Q3 25
$5.0M
Q2 25
$5.0M
Q1 25
$5.0M
Q4 24
$5.0M
Q3 24
$48.7M
$5.0M
Q2 24
$33.3M
$5.0M
Q1 24
$35.2M
$0
Stockholders' Equity
NRC
NRC
SGA
SGA
Q4 25
$14.0M
$151.5M
Q3 25
$14.3M
$162.1M
Q2 25
$21.3M
$163.7M
Q1 25
$29.7M
$163.6M
Q4 24
$31.3M
$165.9M
Q3 24
$34.6M
$166.0M
Q2 24
$40.2M
$165.8M
Q1 24
$36.9M
$164.4M
Total Assets
NRC
NRC
SGA
SGA
Q4 25
$134.9M
$201.3M
Q3 25
$135.7M
$218.4M
Q2 25
$141.4M
$218.9M
Q1 25
$135.2M
$219.3M
Q4 24
$132.5M
$221.7M
Q3 24
$131.8M
$223.2M
Q2 24
$119.1M
$221.6M
Q1 24
$120.9M
$218.0M
Debt / Equity
NRC
NRC
SGA
SGA
Q4 25
0.03×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.03×
Q4 24
0.03×
Q3 24
1.41×
0.03×
Q2 24
0.83×
0.03×
Q1 24
0.95×
0.00×

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
SGA
SGA
Operating Cash FlowLast quarter
$7.2M
$-18.0K
Free Cash FlowOCF − Capex
$6.1M
$-459.0K
FCF MarginFCF / Revenue
17.2%
-1.7%
Capex IntensityCapex / Revenue
3.2%
1.7%
Cash ConversionOCF / Net Profit
3.99×
TTM Free Cash FlowTrailing 4 quarters
$15.7M
$2.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRC
NRC
SGA
SGA
Q4 25
$7.2M
$-18.0K
Q3 25
$13.8M
$3.4M
Q2 25
$-1.1M
$755.0K
Q1 25
$6.6M
$1.4M
Q4 24
$6.4M
$3.6M
Q3 24
$9.4M
$5.1M
Q2 24
$6.8M
$1.2M
Q1 24
$12.0M
$3.8M
Free Cash Flow
NRC
NRC
SGA
SGA
Q4 25
$6.1M
$-459.0K
Q3 25
$10.2M
$2.8M
Q2 25
$-4.1M
$-559.0K
Q1 25
$3.7M
$668.0K
Q4 24
$1.9M
$3.1M
Q3 24
$7.8M
$4.5M
Q2 24
$1.5M
$-280.0K
Q1 24
$7.9M
$2.8M
FCF Margin
NRC
NRC
SGA
SGA
Q4 25
17.2%
-1.7%
Q3 25
29.4%
9.8%
Q2 25
-12.2%
-2.0%
Q1 25
10.9%
2.8%
Q4 24
5.2%
10.5%
Q3 24
21.8%
15.6%
Q2 24
4.3%
-0.9%
Q1 24
22.4%
10.9%
Capex Intensity
NRC
NRC
SGA
SGA
Q4 25
3.2%
1.7%
Q3 25
10.4%
2.1%
Q2 25
8.8%
4.7%
Q1 25
8.9%
2.9%
Q4 24
12.0%
1.9%
Q3 24
4.5%
2.2%
Q2 24
15.0%
5.1%
Q1 24
11.7%
4.2%
Cash Conversion
NRC
NRC
SGA
SGA
Q4 25
3.99×
Q3 25
3.34×
Q2 25
0.67×
Q1 25
1.15×
Q4 24
0.97×
2.86×
Q3 24
1.66×
4.02×
Q2 24
1.10×
0.50×
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.

SGA
SGA

Broadcast Advertising Revenue Net$20.2M76%
Digital Advertising Revenue$4.3M16%
Other Revenue$1.9M7%

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