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Side-by-side financial comparison of NATIONAL RESEARCH CORP (NRC) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.

NATIONAL RESEARCH CORP is the larger business by last-quarter revenue ($35.2M vs $19.1M, roughly 1.8× Americas Gold & Silver Corp). NATIONAL RESEARCH CORP runs the higher net margin — 5.1% vs -82.3%, a 87.4% gap on every dollar of revenue. On growth, NATIONAL RESEARCH CORP posted the faster year-over-year revenue change (-4.6% vs -28.0%). NATIONAL RESEARCH CORP produced more free cash flow last quarter ($6.1M vs $-41.3M).

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.

Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.

NRC vs USAS — Head-to-Head

Bigger by revenue
NRC
NRC
1.8× larger
NRC
$35.2M
$19.1M
USAS
Growing faster (revenue YoY)
NRC
NRC
+23.4% gap
NRC
-4.6%
-28.0%
USAS
Higher net margin
NRC
NRC
87.4% more per $
NRC
5.1%
-82.3%
USAS
More free cash flow
NRC
NRC
$47.4M more FCF
NRC
$6.1M
$-41.3M
USAS

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
NRC
NRC
USAS
USAS
Revenue
$35.2M
$19.1M
Net Profit
$1.8M
$-15.7M
Gross Margin
34.2%
Operating Margin
13.3%
Net Margin
5.1%
-82.3%
Revenue YoY
-4.6%
-28.0%
Net Profit YoY
-72.6%
2.8%
EPS (diluted)
$49.58

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
USAS
USAS
Q4 25
$35.2M
Q3 25
$34.6M
$19.1M
Q2 25
$34.0M
Q1 25
$33.6M
Q4 24
$36.9M
Q3 24
$35.8M
$26.5M
Q2 24
$35.0M
Q1 24
$35.3M
Net Profit
NRC
NRC
USAS
USAS
Q4 25
$1.8M
Q3 25
$4.1M
$-15.7M
Q2 25
$-106.0K
Q1 25
$5.8M
Q4 24
$6.6M
Q3 24
$5.7M
$-16.2M
Q2 24
$6.2M
Q1 24
$6.4M
Gross Margin
NRC
NRC
USAS
USAS
Q4 25
Q3 25
34.2%
Q2 25
Q1 25
Q4 24
Q3 24
23.6%
Q2 24
Q1 24
Operating Margin
NRC
NRC
USAS
USAS
Q4 25
13.3%
Q3 25
22.4%
Q2 25
4.7%
Q1 25
25.6%
Q4 24
26.0%
Q3 24
22.3%
Q2 24
25.3%
Q1 24
24.8%
Net Margin
NRC
NRC
USAS
USAS
Q4 25
5.1%
Q3 25
11.9%
-82.3%
Q2 25
-0.3%
Q1 25
17.2%
Q4 24
17.8%
Q3 24
15.9%
-60.9%
Q2 24
17.6%
Q1 24
18.0%
EPS (diluted)
NRC
NRC
USAS
USAS
Q4 25
$49.58
Q3 25
$0.18
Q2 25
$-0.01
Q1 25
$0.25
Q4 24
$0.27
Q3 24
$0.24
Q2 24
$0.26
Q1 24
$0.27

Balance Sheet & Financial Strength

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

Metric
NRC
NRC
USAS
USAS
Cash + ST InvestmentsLiquidity on hand
$4.1M
$39.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$14.0M
$50.2M
Total Assets
$134.9M
$234.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NRC
NRC
USAS
USAS
Q4 25
$4.1M
Q3 25
$2.2M
$39.1M
Q2 25
$5.3M
Q1 25
$2.5M
Q4 24
$4.2M
Q3 24
$3.5M
Q2 24
$485.0K
Q1 24
$1.7M
Total Debt
NRC
NRC
USAS
USAS
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
USAS
USAS
Q4 25
$14.0M
Q3 25
$14.3M
$50.2M
Q2 25
$21.3M
Q1 25
$29.7M
Q4 24
$31.3M
Q3 24
$34.6M
$53.1M
Q2 24
$40.2M
Q1 24
$36.9M
Total Assets
NRC
NRC
USAS
USAS
Q4 25
$134.9M
Q3 25
$135.7M
$234.7M
Q2 25
$141.4M
Q1 25
$135.2M
Q4 24
$132.5M
Q3 24
$131.8M
Q2 24
$119.1M
Q1 24
$120.9M
Debt / Equity
NRC
NRC
USAS
USAS
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
USAS
USAS
Operating Cash FlowLast quarter
$7.2M
$-12.5M
Free Cash FlowOCF − Capex
$6.1M
$-41.3M
FCF MarginFCF / Revenue
17.2%
-216.5%
Capex IntensityCapex / Revenue
3.2%
150.8%
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
USAS
USAS
Q4 25
$7.2M
Q3 25
$13.8M
$-12.5M
Q2 25
$-1.1M
Q1 25
$6.6M
Q4 24
$6.4M
Q3 24
$9.4M
$2.4M
Q2 24
$6.8M
Q1 24
$12.0M
Free Cash Flow
NRC
NRC
USAS
USAS
Q4 25
$6.1M
Q3 25
$10.2M
$-41.3M
Q2 25
$-4.1M
Q1 25
$3.7M
Q4 24
$1.9M
Q3 24
$7.8M
$-11.2M
Q2 24
$1.5M
Q1 24
$7.9M
FCF Margin
NRC
NRC
USAS
USAS
Q4 25
17.2%
Q3 25
29.4%
-216.5%
Q2 25
-12.2%
Q1 25
10.9%
Q4 24
5.2%
Q3 24
21.8%
-42.2%
Q2 24
4.3%
Q1 24
22.4%
Capex Intensity
NRC
NRC
USAS
USAS
Q4 25
3.2%
Q3 25
10.4%
150.8%
Q2 25
8.8%
Q1 25
8.9%
Q4 24
12.0%
Q3 24
4.5%
51.2%
Q2 24
15.0%
Q1 24
11.7%
Cash Conversion
NRC
NRC
USAS
USAS
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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