NRC Health vs Petmed Express
Petmed Express is the larger business, with $179m of revenue in fiscal 2026 against $137m for NRC Health (1.3 times as much). NRC Health grew faster (-4.0% against -21.1%). NRC Health kept more of each dollar of sales as profit: a net margin of 8.2% against -32.0%. Petmed Express carries less debt relative to equity (0.0% against 593.6%).
| Latest fiscal year | NRC HealthNRC, 2025 | Petmed ExpressPETS, 2026 |
|---|---|---|
| Revenue | $137m | $179m |
| Revenue growth | -4.0% | -21.1% |
| Net income | $11.3m | −$57.3m |
| Operating margin | 16.4% | -32.8% |
| Net margin | 8.2% | -32.0% |
| Return on equity | 49.9% | -100.4% |
| Free cash flow | $15.7m | −$33.0m |
| Cash | $4.1m | $21.4m |
| Total debt | $83.0m | $0 |
| Debt to equity | 593.6% | 0.0% |
| Dividend per share | $0.52 | — |
| Dividend yield | 2.4% | 0.1% |
| Share buybacks | $20.2m | — |
| Employees | 357 | 189 |
| Market value | $530m | $26.1m |
| Price vs our value range | Above our value range | — |
| Moat score | 88 (Strong) | 54 (Moderate) |
| Insider trades, 12 months | 0 buys, 0 sales | 1 buys, 0 sales |