National Research Corporation NRC

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
73/100
Moderate

About National Research Corporation

National Research Corporation provides analytics and insights that facilitate measurement and improvement of the patient and employee experience. Its portfolio of subscription-based solutions provides actionable information and analysis to healthcare organizations across a range of mission-critical, constituent-related elements, including patient experience, service recovery, care transitions, employee engagement, reputation management, rounding, and brand loyalty. The company also offers marketing experience solutions … Full NRC analysis →

Competitive advantage assessment

Key strengths

  • Margins Stable Across Cycles Operating margin volatility is low (stability score 0.82), demonstrating pricing resilience across cycles.
  • ROIC Sustainably Above Peers ROIC at 84.7th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Liquidity Concerns Liquidity is concerning (score 0.21), raising questions about short-term obligations.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Strong
80

Where NRC ranks in Health Information Services

National Research Corporation ranks #8 of 68 scored companies in Health Information Services by moat score — the top 12%. The widest moat in the group is Veeva Systems Inc. (VEEV) at 88/100.

Moat scores for companies ranked near NRC in Health Information Services
# Company Moat score Rating
4 Spok Holdings, Inc. SPOK 79/100 Strong
5 Waystar Holding Corp. WAY 76/100 Strong
6 HealthStream, Inc. HSTM 74/100 Moderate
7 GoodRx Holdings, Inc. GDRX 74/100 Moderate
8 National Research Corporation NRC 73/100 Moderate
9 Solventum Corporation SOLV 72/100 Moderate
10 GE HealthCare Technologies Inc. GEHC 72/100 Moderate
11 Progyny, Inc. PGNY 71/100 Moderate
12 CareCloud, Inc. - 8.75% Series CCLDP 71/100 Moderate

See every General Corporate company ranked by moat score →

How NRC scores on the Corporate Default defenses

Pricing Power

Score 80 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 79 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 79 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 88 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 48 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 61 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding NRC's moat

What is National Research Corporation's moat score?

National Research Corporation (NRC) scores 73 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #8 of 68 scored companies in Health Information Services, the top 12%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Health Information Services. Its strongest defense is Capital Efficiency (88/100) and its weakest is Resilience (48/100).

How does National Research Corporation compare with other Health Information Services companies?

National Research Corporation ranks #8 of 68 scored companies in Health Information Services by moat score. The widest moat in Health Information Services is Veeva Systems Inc. (VEEV) at 88/100. The companies ranked closest are GoodRx Holdings, Inc. (GDRX) at 74 just above it and Solventum Corporation (SOLV) at 72 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Health Information Services. The defenses are then weighted to produce the overall score out of 100.

Why is National Research Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for National Research Corporation?

The Corporate Default template measures 6 defenses, and NRC scores: Pricing Power (80), Cost Advantage (79), Customer Stickiness (79), Capital Efficiency (88), Resilience (48), Scale & Market Position (61). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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