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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and SMARTFINANCIAL INC. (SMBK). Click either name above to swap in a different company.
SMARTFINANCIAL INC. is the larger business by last-quarter revenue ($53.8M vs $35.2M, roughly 1.5× NATIONAL RESEARCH CORP). SMARTFINANCIAL INC. runs the higher net margin — 25.4% vs 5.1%, a 20.3% gap on every dollar of revenue. Over the past eight quarters, SMARTFINANCIAL INC.'s revenue compounded faster (15.4% 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.
SmartFinancial Inc. is a U.S.-based bank holding company that operates its wholly owned subsidiary SmartBank. It offers a full range of retail and commercial banking products including deposit accounts, personal and business loans, mortgage services, and wealth management solutions, primarily serving individual customers and small-to-medium enterprises across the Southeastern United States.
NRC vs SMBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $53.8M |
| Net Profit | $1.8M | $13.7M |
| Gross Margin | — | — |
| Operating Margin | 13.3% | — |
| Net Margin | 5.1% | 25.4% |
| Revenue YoY | -4.6% | — |
| Net Profit YoY | -72.6% | 21.6% |
| EPS (diluted) | $49.58 | $0.81 |
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.
| Q1 26 | — | $53.8M | ||
| Q4 25 | $35.2M | $53.3M | ||
| Q3 25 | $34.6M | $51.1M | ||
| Q2 25 | $34.0M | $49.2M | ||
| Q1 25 | $33.6M | $46.8M | ||
| Q4 24 | $36.9M | $46.8M | ||
| Q3 24 | $35.8M | $44.2M | ||
| Q2 24 | $35.0M | $40.4M |
| Q1 26 | — | $13.7M | ||
| Q4 25 | $1.8M | $13.7M | ||
| Q3 25 | $4.1M | $13.7M | ||
| Q2 25 | $-106.0K | $11.7M | ||
| Q1 25 | $5.8M | $11.3M | ||
| Q4 24 | $6.6M | $9.6M | ||
| Q3 24 | $5.7M | $9.1M | ||
| Q2 24 | $6.2M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | 13.3% | 31.3% | ||
| Q3 25 | 22.4% | 33.2% | ||
| Q2 25 | 4.7% | 29.0% | ||
| Q1 25 | 25.6% | 29.0% | ||
| Q4 24 | 26.0% | 26.5% | ||
| Q3 24 | 22.3% | 24.3% | ||
| Q2 24 | 25.3% | 25.6% |
| Q1 26 | — | 25.4% | ||
| Q4 25 | 5.1% | 25.7% | ||
| Q3 25 | 11.9% | 26.8% | ||
| Q2 25 | -0.3% | 23.8% | ||
| Q1 25 | 17.2% | 24.0% | ||
| Q4 24 | 17.8% | 20.6% | ||
| Q3 24 | 15.9% | 20.7% | ||
| Q2 24 | 17.6% | 19.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $49.58 | $0.81 | ||
| Q3 25 | $0.18 | $0.81 | ||
| Q2 25 | $-0.01 | $0.69 | ||
| Q1 25 | $0.25 | $0.67 | ||
| Q4 24 | $0.27 | $0.57 | ||
| Q3 24 | $0.24 | $0.54 | ||
| Q2 24 | $0.26 | $0.48 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.1M | $346.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $14.0M | $562.2M |
| Total Assets | $134.9M | $5.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $346.1M | ||
| Q4 25 | $4.1M | $464.4M | ||
| Q3 25 | $2.2M | $557.1M | ||
| Q2 25 | $5.3M | $365.1M | ||
| Q1 25 | $2.5M | $423.0M | ||
| Q4 24 | $4.2M | $387.6M | ||
| Q3 24 | $3.5M | $192.9M | ||
| Q2 24 | $485.0K | $342.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | $1.3M | ||
| Q2 25 | — | $7.0M | ||
| Q1 25 | — | $7.6M | ||
| Q4 24 | — | $8.1M | ||
| Q3 24 | $48.7M | $9.0M | ||
| Q2 24 | $33.3M | $12.7M |
| Q1 26 | — | $562.2M | ||
| Q4 25 | $14.0M | $552.4M | ||
| Q3 25 | $14.3M | $538.4M | ||
| Q2 25 | $21.3M | $519.0M | ||
| Q1 25 | $29.7M | $505.8M | ||
| Q4 24 | $31.3M | $491.3M | ||
| Q3 24 | $34.6M | $489.0M | ||
| Q2 24 | $40.2M | $472.5M |
| Q1 26 | — | $5.9B | ||
| Q4 25 | $134.9M | $5.9B | ||
| Q3 25 | $135.7M | $5.8B | ||
| Q2 25 | $141.4M | $5.5B | ||
| Q1 25 | $135.2M | $5.4B | ||
| Q4 24 | $132.5M | $5.3B | ||
| Q3 24 | $131.8M | $4.9B | ||
| Q2 24 | $119.1M | $4.9B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.01× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | 1.41× | 0.02× | ||
| Q2 24 | 0.83× | 0.03× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $7.2M | $61.7M | ||
| Q3 25 | $13.8M | $16.9M | ||
| Q2 25 | $-1.1M | $14.0M | ||
| Q1 25 | $6.6M | $14.3M | ||
| Q4 24 | $6.4M | $52.7M | ||
| Q3 24 | $9.4M | $12.4M | ||
| Q2 24 | $6.8M | $16.5M |
| Q1 26 | — | — | ||
| Q4 25 | $6.1M | $59.3M | ||
| Q3 25 | $10.2M | $16.6M | ||
| Q2 25 | $-4.1M | $13.2M | ||
| Q1 25 | $3.7M | $13.4M | ||
| Q4 24 | $1.9M | $46.3M | ||
| Q3 24 | $7.8M | $11.3M | ||
| Q2 24 | $1.5M | $15.4M |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 111.3% | ||
| Q3 25 | 29.4% | 32.4% | ||
| Q2 25 | -12.2% | 26.9% | ||
| Q1 25 | 10.9% | 28.5% | ||
| Q4 24 | 5.2% | 98.9% | ||
| Q3 24 | 21.8% | 25.7% | ||
| Q2 24 | 4.3% | 38.2% |
| Q1 26 | — | — | ||
| Q4 25 | 3.2% | 4.5% | ||
| Q3 25 | 10.4% | 0.6% | ||
| Q2 25 | 8.8% | 1.6% | ||
| Q1 25 | 8.9% | 2.0% | ||
| Q4 24 | 12.0% | 13.7% | ||
| Q3 24 | 4.5% | 2.4% | ||
| Q2 24 | 15.0% | 2.7% |
| Q1 26 | — | — | ||
| Q4 25 | 3.99× | 4.50× | ||
| Q3 25 | 3.34× | 1.23× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | 1.15× | 1.27× | ||
| Q4 24 | 0.97× | 5.47× | ||
| Q3 24 | 1.66× | 1.36× | ||
| Q2 24 | 1.10× | 2.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NRC
Segment breakdown not available.
SMBK
| Net Interest Income | $45.9M | 85% |
| Noninterest Income | $7.9M | 15% |
