NRC
National Research Corp
NASDAQ: NRC · HEALTHCARE · HEALTH INFORMATION SERVICES
$16.46
-0.48% today
Updated 2026-04-30
Market cap
$389.19M
P/E ratio
34.22
P/S ratio
2.83x
EPS (TTM)
$0.50
Dividend yield
3.02%
52W range
$11 – $23
Volume
0.1M
National Research Corp (NRC) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $43.77M | $48.92M | $51.01M | $57.69M | $63.40M | $75.77M | $86.42M | $92.59M | $98.84M | $102.34M | $109.38M | $117.56M | $119.69M | $127.98M | $133.28M | $147.95M | $151.57M | $148.58M | $143.06M | $137.39M |
| Revenue growth (YoY) | — | +11.8% | +4.3% | +13.1% | +9.9% | +19.5% | +14.1% | +7.1% | +6.7% | +3.5% | +6.9% | +7.5% | +1.8% | +6.9% | +4.1% | +11.0% | +2.4% | -2.0% | -3.7% | -4.0% |
| Cost of revenue | $19.45M | $21.80M | $23.61M | $24.57M | $24.64M | $28.67M | $35.46M | $38.84M | $41.72M | $44.61M | $45.58M | $49.07M | $47.58M | $46.44M | $49.19M | $52.35M | $57.05M | $56.02M | $56.93M | $59.99M |
| Gross profit | $24.33M | $27.12M | $27.40M | $33.12M | $38.76M | $47.10M | $50.96M | $53.75M | $57.12M | $57.73M | $63.81M | $68.49M | $72.11M | $81.55M | $84.09M | $95.60M | $94.52M | $92.56M | $86.13M | $77.39M |
| Gross margin | 55.6% | 55.4% | 53.7% | 57.4% | 61.1% | 62.2% | 59.0% | 58.0% | 57.8% | 56.4% | 58.3% | 58.3% | 60.2% | 63.7% | 63.1% | 64.6% | 62.4% | 62.3% | 60.2% | 56.3% |
| R&D | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $12.16M | $13.17M | $12.73M | $15.59M | $20.20M | $23.30M | $23.54M | $25.21M | $25.02M | $27.18M | $28.39M | $29.69M | $31.37M | $32.97M | $34.44M | $38.96M | $42.70M | $46.09M | $44.91M | $54.80M |
| Operating income | $9.91M | $11.37M | $11.99M | $13.70M | $13.86M | $18.73M | $22.72M | $24.81M | $28.30M | $26.45M | $31.20M | $34.22M | $35.27M | $43.03M | $42.68M | $50.27M | $46.54M | $40.05M | $35.19M | $22.59M |
| Operating margin | 22.6% | 23.2% | 23.5% | 23.7% | 21.9% | 24.7% | 26.3% | 26.8% | 28.6% | 25.8% | 28.5% | 29.1% | 29.5% | 33.6% | 32.0% | 34.0% | 30.7% | 27.0% | 24.6% | 16.4% |
| EBITDA | $12.17M | $13.95M | $14.72M | $17.35M | $18.51M | $23.85M | $27.45M | $28.62M | $32.20M | $31.69M | $35.77M | $38.95M | $41.69M | $48.57M | $50.78M | $56.66M | $49.30M | $45.98M | $41.31M | $30.23M |
| EBITDA margin | 27.8% | 28.5% | 28.8% | 30.1% | 29.2% | 31.5% | 31.8% | 30.9% | 32.6% | 31.0% | 32.7% | 33.1% | 34.8% | 38.0% | 38.1% | 38.3% | 32.5% | 30.9% | 28.9% | 22.0% |
| EBIT | $9.91M | $11.37M | $12.03M | $13.52M | $13.81M | $18.79M | $22.75M | $24.89M | $28.40M | $27.58M | $31.55M | $34.37M | $36.22M | $43.03M | $43.28M | $50.29M | $44.02M | $40.09M | $35.28M | $22.61M |
| Interest expense | $0.00 | $0.00 | $139000.00 | $405000.00 | $491000.00 | $629000.00 | $541000.00 | $397000.00 | $305000.00 | $220000.00 | $190000.00 | $82000.00 | $1.51M | $2.09M | $1.81M | $1.67M | $1.21M | $862000.00 | $2.60M | $4.76M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $5.88M | $6.84M | $7.45M | $8.49M | $8.50M | $11.56M | $15.07M | $15.48M | $18.16M | $17.61M | $20.52M | $22.94M | $30.05M | $32.41M | $37.26M | $37.47M | $31.80M | $30.97M | $24.78M | $11.60M |
| Net income growth (YoY) | — | +16.2% | +8.9% | +14.0% | +0.1% | +36.1% | +30.3% | +2.8% | +17.3% | -3.0% | +16.5% | +11.8% | +31.0% | +7.9% | +15.0% | +0.6% | -15.1% | -2.6% | -20.0% | -53.2% |
| Profit margin | 13.4% | 14.0% | 14.6% | 14.7% | 13.4% | 15.3% | 17.4% | 16.7% | 18.4% | 17.2% | 18.8% | 19.5% | 25.1% | 25.3% | 28.0% | 25.3% | 21.0% | 20.8% | 17.3% | 8.4% |