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NRC HealthNRCCompetitor analysis, valuation and peers

United States · USD·Health Care›Services to the Health Industry
Momentum leader 94
Mkt cap
$572M
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$2.51M
20-day average traded
Fwd P/E
26.1×
forward earnings
ROIC−WACC
+7.7 pp
WACC 6.2%
Hurdle
+11 pp
Req g minus delivered
Next earnings
102 days
16 Feb 2027
Close · USD$25.86
1D+1.5%
1W+8.5%
1M+26.6%
3M+23.7%
6M+37.9%
YTD+37.8%
1Y+83.8%
ATR %4.6%
Beta0.67
52w lowhigh5.7% off high

What NRC Health does

Employees: 357

NRC Health at a glance

Size NRC Health (NRC) is a United States Health Care company (Services to the Health Industry) with a market value of $572M, the 2600th largest of 3,117 United States companies the cockpit tracks. Shares closed at $25.86 on 6 Nov 2026.

Performance Over six months the shares gained 37.9%, against +22.5% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 6 in its peer set.

Growth Revenue grew 3.4% over the last twelve months (peer median +9.1%); the operating margin is 11.1% (peer median 10.2%).

Valuation It trades at 26.1× forward earnings against a peer median of 19.3× (2nd most expensive of 6).

Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 7.7 points above its cost of capital (6.2% WACC).

Backlog Backlog (remaining performance obligations) was $202M at 30 Sep 2026 — 1.4 years of trailing revenue. Backlog detail →

Short interest Short interest is 3.3% of the free float (15 Oct 2026).

Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026NRC 138Peer median 122
Six months, rebased to 100: NRC Health against the median of its 5 peers (local-currency closes).

NRC Health financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$144M$137M$143M$149M$152M
Revenue growth—-4%-4%-2%—
Gross profit$78.8M$77.4M$80.1M$86.7M$89.2M
EBITDA$24.4M$30.2M$41.5M$46.0M$51.8M
Net income$6.17M$11.3M$24.8M$31.0M$31.8M
Free cash flow$18.4M$15.7M$19.2M$22.3M$26.4M
Capital expenditure$5.32M$10.7M$15.4M$15.8M$9.84M
Total debt$103M$79.8M$63.9M$39.0M$23.4M

Quarterly statements and history in the cockpit →

NRC Health competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+20%+40%+60%0%+10%+20%+30%9729ASTHATTPMEDGXNRC6-month return →1-month return →
Up and to the right = strong over both horizons. NRC Health is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%50×100×9729ASTHATTPMEDGXNRCRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. NRC Health is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%+60%0%20%40%60%9729ASTHATTPMEDGXNRCGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. NRC Health is the large dot.

NRC Health competitors and peer comparison

How NRC Health compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

NRC Health against its 5 peers (data as of 6 Nov 2026)
MeasureNRCPeer medianRank in peer set
1-month return+26.6%+8.5%2nd highest of 6
6-month return+37.9%+22.5%2nd highest of 6
Distance from 52-week high-5.7%-9.9%3rd highest of 6
Revenue growth (TTM)+3.4%+9.1%2nd lowest of 6
Operating margin11.1%10.2%3rd highest of 6
Forward P/E26.1×19.3×2nd most expensive of 6
Growth the price implies (Req g, 7 yrs)11.2%6.4%3rd most demanding of 6
Growth delivered (Del g)+0.6%+9.1%lowest of 6
Hurdle (Req g minus delivered)+10.5 pp-7.4 pp2nd most demanding of 6
ROIC minus cost of capital+7.7 pp+2.7 pp2nd highest of 6
EV / EBITDA27.5×8.5×most expensive of 4
Net debt / EBITDA4.1×2.4×most indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
NRC Health NRCUnited States$572M+38%+3%11%26.1×11.2%+0.6%
Tokai 9729.TJapan$553M+3%+5%6%12.4×-13.2%+6.2%
Astrana Health ASTHUnited States$1.71B-12%+59%3%19.3×12.8%+35.9%
Attendo ATT.STSweden$1.92B+23%-1%10%17.7×1.7%+9.1%
Pro Medicus PME.AXAustralia$14.8B+63%+23%75%112.9×55.0%+31.0%
Quest Diagnostics DGXUnited States$28.1B+36%+9%15%22.0×6.4%+3.2%

NRC Health backlog

NRC Health reported $202M of remaining performance obligations at 30 Sep 2026. That is 1.4 years of trailing revenue already under contract.

Questions

Which companies are NRC Health's closest peers?
The cockpit's peer set: Tokai (9729.T), Astrana Health (ASTH), Attendo (ATT.ST), Pro Medicus (PME.AX), Quest Diagnostics (DGX).
Is NRC Health expensive compared with its peers?
On forward p/e it trades at 26.1× against a peer median of 19.3×, 2nd most expensive of 6 in its peer set. For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is +11 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has NRC Health stock performed?
Over six months to 6 Nov 2026 the shares returned +37.9% against +22.5% for the median peer; over one year +83.8%.
What is NRC Health's backlog?
NRC Health's remaining performance obligations (contracted revenue not yet recognised) were $202M at 30 Sep 2026.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.