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For nearly 45 years, NRC Health has led the charge to humanize healthcare and support organizations in their understanding of each unique individual. NRC Health s commitment to Human Understanding helps leading healthcare systems improve their operations through understanding each person they serve not as point-in-time insights, but as an ongoing relationship.
16.44% operating margin is respectable but not wide. ROIC at 17.21%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 4.0% YoY. Margins deteriorated 8.2pp alongside, both lines moving the wrong way.
Free cash flow declined 18% versus the prior year, cash generation momentum has weakened. ROIC dropped from 29.72% to 17.21%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
$139M
▼ -4.0% YoY
Net Income (TTM)
$9M
▼ -54.4% YoY
Op. Margin
14.11%
▼ -8.2pp YoY
ROIC
14.75%
▼ -12.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$17M
▼ -17.9% YoY
Op. Cash Flow (TTM)
$27M
▼ -23.6% YoY
Net Debt
$75M
Cash & Equiv.
$3M
5Y CAGR: +0.6%
5Y CAGR: -15.5%
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