vs
Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
SmartRent, Inc. is the larger business by last-quarter revenue ($36.5M vs $35.2M, roughly 1.0× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -8.9%, a 14.0% gap on every dollar of revenue. On growth, SmartRent, Inc. posted the faster year-over-year revenue change (3.1% vs -4.6%). SmartRent, Inc. produced more free cash flow last quarter ($7.7M vs $6.1M). Over the past eight quarters, NATIONAL RESEARCH CORP's revenue compounded faster (-0.2% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
NRC vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $35.2M | $36.5M |
| Net Profit | $1.8M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 13.3% | -10.9% |
| Net Margin | 5.1% | -8.9% |
| Revenue YoY | -4.6% | 3.1% |
| Net Profit YoY | -72.6% | 71.6% |
| EPS (diluted) | $49.58 | $-0.02 |
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.
| Q4 25 | $35.2M | $36.5M | ||
| Q3 25 | $34.6M | $36.2M | ||
| Q2 25 | $34.0M | $38.3M | ||
| Q1 25 | $33.6M | $41.3M | ||
| Q4 24 | $36.9M | $35.4M | ||
| Q3 24 | $35.8M | $40.5M | ||
| Q2 24 | $35.0M | $48.5M | ||
| Q1 24 | $35.3M | $50.5M |
| Q4 25 | $1.8M | $-3.2M | ||
| Q3 25 | $4.1M | $-6.3M | ||
| Q2 25 | $-106.0K | $-10.9M | ||
| Q1 25 | $5.8M | $-40.2M | ||
| Q4 24 | $6.6M | $-11.4M | ||
| Q3 24 | $5.7M | $-9.9M | ||
| Q2 24 | $6.2M | $-4.6M | ||
| Q1 24 | $6.4M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 13.3% | -10.9% | ||
| Q3 25 | 22.4% | -19.4% | ||
| Q2 25 | 4.7% | -30.5% | ||
| Q1 25 | 25.6% | -99.9% | ||
| Q4 24 | 26.0% | -36.6% | ||
| Q3 24 | 22.3% | -29.0% | ||
| Q2 24 | 25.3% | -14.3% | ||
| Q1 24 | 24.8% | -20.1% |
| Q4 25 | 5.1% | -8.9% | ||
| Q3 25 | 11.9% | -17.3% | ||
| Q2 25 | -0.3% | -28.3% | ||
| Q1 25 | 17.2% | -97.2% | ||
| Q4 24 | 17.8% | -32.3% | ||
| Q3 24 | 15.9% | -24.5% | ||
| Q2 24 | 17.6% | -9.5% | ||
| Q1 24 | 18.0% | -15.2% |
| Q4 25 | $49.58 | $-0.02 | ||
| Q3 25 | $0.18 | $-0.03 | ||
| Q2 25 | $-0.01 | $-0.06 | ||
| Q1 25 | $0.25 | $-0.21 | ||
| Q4 24 | $0.27 | $-0.06 | ||
| Q3 24 | $0.24 | $-0.05 | ||
| Q2 24 | $0.26 | $-0.02 | ||
| Q1 24 | $0.27 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $14.0M | $232.1M |
| Total Assets | $134.9M | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.1M | $104.5M | ||
| Q3 25 | $2.2M | $100.0M | ||
| Q2 25 | $5.3M | $105.0M | ||
| Q1 25 | $2.5M | $125.6M | ||
| Q4 24 | $4.2M | $142.5M | ||
| Q3 24 | $3.5M | $163.4M | ||
| Q2 24 | $485.0K | $187.4M | ||
| Q1 24 | $1.7M | $204.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $48.7M | — | ||
| Q2 24 | $33.3M | — | ||
| Q1 24 | $35.2M | — |
| Q4 25 | $14.0M | $232.1M | ||
| Q3 25 | $14.3M | $234.4M | ||
| Q2 25 | $21.3M | $238.8M | ||
| Q1 25 | $29.7M | $250.7M | ||
| Q4 24 | $31.3M | $289.4M | ||
| Q3 24 | $34.6M | $305.1M | ||
| Q2 24 | $40.2M | $329.4M | ||
| Q1 24 | $36.9M | $333.1M |
| Q4 25 | $134.9M | $320.9M | ||
| Q3 25 | $135.7M | $335.8M | ||
| Q2 25 | $141.4M | $354.0M | ||
| Q1 25 | $135.2M | $366.1M | ||
| Q4 24 | $132.5M | $420.2M | ||
| Q3 24 | $131.8M | $448.6M | ||
| Q2 24 | $119.1M | $475.3M | ||
| Q1 24 | $120.9M | $485.5M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $7.2M | $7.7M |
| Free Cash FlowOCF − Capex | $6.1M | $7.7M |
| FCF MarginFCF / Revenue | 17.2% | 21.0% |
| Capex IntensityCapex / Revenue | 3.2% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.99× | — |
| TTM Free Cash FlowTrailing 4 quarters | $15.7M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.2M | $7.7M | ||
| Q3 25 | $13.8M | $-2.1M | ||
| Q2 25 | $-1.1M | $-14.9M | ||
| Q1 25 | $6.6M | $-12.2M | ||
| Q4 24 | $6.4M | $-12.0M | ||
| Q3 24 | $9.4M | $-3.7M | ||
| Q2 24 | $6.8M | $-13.9M | ||
| Q1 24 | $12.0M | $-3.3M |
| Q4 25 | $6.1M | $7.7M | ||
| Q3 25 | $10.2M | $-2.2M | ||
| Q2 25 | $-4.1M | $-16.2M | ||
| Q1 25 | $3.7M | $-14.3M | ||
| Q4 24 | $1.9M | $-13.3M | ||
| Q3 24 | $7.8M | $-3.9M | ||
| Q2 24 | $1.5M | $-14.1M | ||
| Q1 24 | $7.9M | $-3.4M |
| Q4 25 | 17.2% | 21.0% | ||
| Q3 25 | 29.4% | -6.1% | ||
| Q2 25 | -12.2% | -42.3% | ||
| Q1 25 | 10.9% | -34.7% | ||
| Q4 24 | 5.2% | -37.5% | ||
| Q3 24 | 21.8% | -9.7% | ||
| Q2 24 | 4.3% | -29.1% | ||
| Q1 24 | 22.4% | -6.7% |
| Q4 25 | 3.2% | 0.0% | ||
| Q3 25 | 10.4% | 0.2% | ||
| Q2 25 | 8.8% | 3.3% | ||
| Q1 25 | 8.9% | 5.3% | ||
| Q4 24 | 12.0% | 3.5% | ||
| Q3 24 | 4.5% | 0.6% | ||
| Q2 24 | 15.0% | 0.5% | ||
| Q1 24 | 11.7% | 0.1% |
| 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.
Revenue Breakdown by Segment
NRC
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
