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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and Strawberry Fields REIT, Inc. (STRW). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $35.2M, roughly 1.1× NATIONAL RESEARCH CORP). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs 5.0%, a 0.1% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -4.6%). Over the past eight quarters, Strawberry Fields REIT, Inc.'s revenue compounded faster (20.0% 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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

NRC vs STRW — Head-to-Head

Bigger by revenue
STRW
STRW
1.1× larger
STRW
$40.1M
$35.2M
NRC
Growing faster (revenue YoY)
STRW
STRW
+36.2% gap
STRW
31.5%
-4.6%
NRC
Higher net margin
NRC
NRC
0.1% more per $
NRC
5.1%
5.0%
STRW
Faster 2-yr revenue CAGR
STRW
STRW
Annualised
STRW
20.0%
-0.2%
NRC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
NRC
NRC
STRW
STRW
Revenue
$35.2M
$40.1M
Net Profit
$1.8M
$2.0M
Gross Margin
Operating Margin
13.3%
52.4%
Net Margin
5.1%
5.0%
Revenue YoY
-4.6%
31.5%
Net Profit YoY
-72.6%
37.6%
EPS (diluted)
$49.58
$0.15

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
STRW
STRW
Q4 25
$35.2M
$40.1M
Q3 25
$34.6M
$39.7M
Q2 25
$34.0M
$37.9M
Q1 25
$33.6M
$37.3M
Q4 24
$36.9M
$30.5M
Q3 24
$35.8M
$29.5M
Q2 24
$35.0M
$29.3M
Q1 24
$35.3M
$27.8M
Net Profit
NRC
NRC
STRW
STRW
Q4 25
$1.8M
$2.0M
Q3 25
$4.1M
$2.0M
Q2 25
$-106.0K
$2.0M
Q1 25
$5.8M
$1.6M
Q4 24
$6.6M
$1.5M
Q3 24
$5.7M
$944.0K
Q2 24
$6.2M
$938.0K
Q1 24
$6.4M
$746.0K
Operating Margin
NRC
NRC
STRW
STRW
Q4 25
13.3%
52.4%
Q3 25
22.4%
56.6%
Q2 25
4.7%
54.5%
Q1 25
25.6%
54.1%
Q4 24
26.0%
51.5%
Q3 24
22.3%
54.4%
Q2 24
25.3%
52.3%
Q1 24
24.8%
51.3%
Net Margin
NRC
NRC
STRW
STRW
Q4 25
5.1%
5.0%
Q3 25
11.9%
5.1%
Q2 25
-0.3%
5.2%
Q1 25
17.2%
4.2%
Q4 24
17.8%
4.8%
Q3 24
15.9%
3.2%
Q2 24
17.6%
3.2%
Q1 24
18.0%
2.7%
EPS (diluted)
NRC
NRC
STRW
STRW
Q4 25
$49.58
$0.15
Q3 25
$0.18
$0.16
Q2 25
$-0.01
$0.16
Q1 25
$0.25
$0.13
Q4 24
$0.27
$0.17
Q3 24
$0.24
$0.14
Q2 24
$0.26
$0.14
Q1 24
$0.27
$0.12

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$4.1M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$14.0M
$12.1M
Total Assets
$134.9M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
STRW
STRW
Q4 25
$4.1M
$31.8M
Q3 25
$2.2M
$19.8M
Q2 25
$5.3M
$96.3M
Q1 25
$2.5M
$42.3M
Q4 24
$4.2M
$48.4M
Q3 24
$3.5M
$29.3M
Q2 24
$485.0K
$16.1M
Q1 24
$1.7M
$15.1M
Total Debt
NRC
NRC
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$48.7M
$584.5M
Q2 24
$33.3M
$555.0M
Q1 24
$35.2M
$560.4M
Stockholders' Equity
NRC
NRC
STRW
STRW
Q4 25
$14.0M
$12.1M
Q3 25
$14.3M
$14.2M
Q2 25
$21.3M
$15.5M
Q1 25
$29.7M
$19.6M
Q4 24
$31.3M
$18.2M
Q3 24
$34.6M
$12.6M
Q2 24
$40.2M
$7.4M
Q1 24
$36.9M
$7.5M
Total Assets
NRC
NRC
STRW
STRW
Q4 25
$134.9M
$885.2M
Q3 25
$135.7M
$880.6M
Q2 25
$141.4M
$897.3M
Q1 25
$135.2M
$834.8M
Q4 24
$132.5M
$787.6M
Q3 24
$131.8M
$661.5M
Q2 24
$119.1M
$635.9M
Q1 24
$120.9M
$634.9M
Debt / Equity
NRC
NRC
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
1.41×
46.34×
Q2 24
0.83×
74.61×
Q1 24
0.95×
74.81×

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
STRW
STRW
Operating Cash FlowLast quarter
$7.2M
$90.0M
Free Cash FlowOCF − Capex
$6.1M
FCF MarginFCF / Revenue
17.2%
Capex IntensityCapex / Revenue
3.2%
Cash ConversionOCF / Net Profit
3.99×
44.62×
TTM Free Cash FlowTrailing 4 quarters
$15.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NRC
NRC
STRW
STRW
Q4 25
$7.2M
$90.0M
Q3 25
$13.8M
$20.7M
Q2 25
$-1.1M
$29.8M
Q1 25
$6.6M
$19.0M
Q4 24
$6.4M
$59.3M
Q3 24
$9.4M
$11.8M
Q2 24
$6.8M
$20.6M
Q1 24
$12.0M
$2.1M
Free Cash Flow
NRC
NRC
STRW
STRW
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
STRW
STRW
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
STRW
STRW
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
STRW
STRW
Q4 25
3.99×
44.62×
Q3 25
3.34×
10.26×
Q2 25
15.24×
Q1 25
1.15×
11.97×
Q4 24
0.97×
40.44×
Q3 24
1.66×
12.53×
Q2 24
1.10×
21.93×
Q1 24
1.89×
2.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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