National Research Corporation (NRC)

National Research Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	147.42	148.58	151.57	147.95	133.28	127.98
Revenue Growth (YoY)	-1.46%	-1.97%	2.44%	11.01%	4.14%	6.93%
Cost of Revenue	55.59	56.02	57.05	52.35	49.19	46.44
Gross Profit	91.83	92.57	94.52	95.6	84.09	81.55
Selling, General & Admin	46.09	46.62	42.7	38.96	34.44	32.97
Other Operating Expenses	5.95	5.9	5.28	6.37	6.97	5.54
Operating Expenses	52.04	52.52	47.98	45.33	41.41	38.51
Operating Income	39.79	40.05	46.54	50.27	42.68	43.04
Interest Expense / Income	1.23	0.86	1.21	1.67	1.81	2.09
Other Expense / Income	-0.58	-0.78	2.52	-0.02	-0.6	0.43
Pretax Income	39.15	39.96	42.82	48.62	41.47	40.52
Income Tax	8.78	8.99	11.02	11.16	4.21	8.11
Net Income	30.37	30.97	31.8	37.47	37.26	32.41
Net Income Growth	0.47%	-2.61%	-15.12%	0.55%	14.98%	7.85%
Shares Outstanding (Basic)	24	25	25	25	25	25
Shares Outstanding (Diluted)	24	25	25	26	26	26
Shares Change	-3.13%	-1.51%	-2.29%	-0.22%	0.17%	-8.63%
EPS (Basic)	1.25	1.26	1.28	1.47	1.48	1.30
EPS (Diluted)	1.24	1.25	1.27	1.46	1.45	1.26
EPS Growth	2.48%	-1.57%	-13.01%	0.69%	15.08%	21.15%
Free Cash Flow	25.68	22.34	26.43	40.83	36.65	36.26
Free Cash Flow Per Share	1.08	0.91	1.06	1.61	1.46	1.46
Dividend Per Share	1.480	1.480	0.840	0.480	0.210	0.780
Dividend Growth	105.56%	76.19%	75.00%	128.57%	-73.08%	-30.97%
Gross Margin	62.29%	62.30%	62.36%	64.62%	63.09%	63.72%
Operating Margin	26.99%	26.95%	30.71%	33.98%	32.02%	33.63%
Profit Margin	20.60%	20.84%	20.98%	25.32%	27.96%	25.32%
Free Cash Flow Margin	17.42%	15.03%	17.44%	27.60%	27.50%	28.33%
Effective Tax Rate	22.43%	22.50%	25.73%	22.94%	10.15%	20.02%
EBITDA	46.32	46.72	49.3	56.66	50.79	48.15
EBITDA Margin	31.42%	31.45%	32.53%	38.30%	38.10%	37.62%
Depreciation & Amortization	5.95	5.9	5.28	6.37	7.51	5.54
EBIT	40.37	40.82	44.02	50.29	43.28	42.61
EBIT Margin	27.38%	27.48%	29.05%	33.99%	32.47%	33.29%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).