National Holdings's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of National Holdings (NHLD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: National Holdings vs Its Competitors
- TTM: Trailing 12-month revenue of 247M vs 954,724M combined for its competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+10.1% annualized vs trailing 12 months), vs decelerating (-25.1%) for its tracked peer group.
- Growth: National Holdings generated 32.5% revenue growth year over year in Q1 2020, vs 6.3% for its competitors combined.
- Profitability: Its -1.3% net margin compares with 24.4% for the peer group.
- Peer revenue share: National Holdings accounted for 0.0% of combined revenue among its tracked peer group, up from 0.0% a year earlier.
- Peer differentiation: Revenue per employee of $0.21M compares with $0.64M for the peer group (0.3x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
NHLD Sales vs. its Competitors, Q1 2020
National Holdings reported revenue growth of 32.51 % year on year in Q1 2020, above its competitors' combined revenue growth of 6.31 %.
With a net margin of -1.27 %, National Holdings reported lower profitability than its competitors (24.39 %).
National Holdings generated 0.04 % of the combined sales of its peer group, up from 0.03 % a year earlier.
API endpoints for this dataset
National Holdings vs. its Competitors, Q1 2020
Revenue growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in National Holdings reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across National Holdings and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| National Holdings Corp | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (26) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across National Holdings's competitor groups requires a Commercial License.
For context: the Investment Services industry grew revenue -3.2% year over year, combined, vs 32.5% for National Holdings. National Holdings's share of combined industry revenue moved from 0.02% to 0.03%, a gain of 0.01 percentage points.
National Holdings's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| National Holdings Corp | No | Yes | Yes | No |
| Competitors combined (65) | ||||
| High-Confidence Competitors (29) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
NHLD Stock Performance relative to its Competitors
NHLD Stock Performance relative to High-Confidence Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | The Bank Of New York Mellon Corporation | 282.9% | Outperformed |
| 2 | Virtu Financial inc | 282.9% | Outperformed |
| 3 | Popular Inc | 282.9% | Outperformed |
| 4 | Fulton Financial Corp | 282.9% | Outperformed |
| 5 | Sei Investments Company | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for National Holdings's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
National Holdings's Comment on Competition and Industry Peers
Publicly Traded Peers of National Holdings Corp
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 National Holdings Corp |
44.33 | 246.52 |
 Jpmorgan Chase and Co |
927,110.65 | 190,733.00 |
 Bank Of America Corporation |
367,104.43 | 122,968.00 |
 Morgan Stanley |
299,145.15 | 59,960.00 |
 The Goldman Sachs Group Inc |
277,466.66 | 42,162.00 |
 Wells Fargo and Company |
264,214.13 | 85,055.00 |
| SUBTOTAL | 3,042,760.29 | 977,727.45 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on National Holdings Corp versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
National Holdings's Competitors Named by the Company
Competitive relationships identified from National Holdings reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Insteel Industries Inc | Company report | 85% |
| Cavco Industries Inc | Company report | 85% |
| Cemex Sab De Cv | Company report | 85% |
| Emmaus Life Sciences Inc | Company report | 85% |
| Akanda Corp | Company report | 85% |
| Dover Corp | Company report | 85% |
| Sypris Solutions Inc | Company report | 85% |
| Extra Space Storage Inc | Company report | 85% |
| Strata Skin Sciences Inc | Company report | 85% |
| Air Transport Services Group Inc | Company report | 85% |
| National Western Life Group Inc | Company report | 85% |
| Passage Bio Inc | Company report | 85% |
| American Express Company | Company report | 85% |
| Weatherford International Plc | Company report | 85% |
| Technipfmc Plc | Company report | 85% |
| Kronos Bio Inc | Company report | 85% |
| Dss Inc | Company report | 85% |
| Verisk Analytics Inc | Company report | 85% |
| Farmers National Banc Corp | Company report | 85% |
| Palomar Holdings Inc | Company report | 85% |
| Oil States International Inc | Company report | 85% |
| Manitex International Inc | Company report | 85% |
| Aegon Ltd | Company report | 85% |
| Athlon Acquisition Corp | Company report | 85% |
| Horace Mann Educators Corporation | Company report | 85% |
| Sauer Energy, Inc. | Company report | 85% |
| Icahn Enterprises l p | Company report | 85% |
| Golar Lng Limited | Company report | 85% |
| Freightcar America Inc | Company report | 85% |
| Stifel Financial Corp | Company report | 85% |
Company report basis, confidence, active dates and source counts for National Holdings's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
National Holdings's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Schwab Charles Corp | Investor Services 78.69 % |
| Citizens Financial Group Inc | Consumer Banking 73.64 % |
| First Citizens Bancshares Inc | Commercial Bank 46.42 % |
| Sei Investments Company | Investment Managers 35.62 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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National Holdings's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| National Holdings Corp | 44 | 213,990 | -4,839 |
| Jpmorgan Chase and Co | 927,111 | 598,825 | 204,714 |
| Bank Of America Corporation | 367,104 | 577,315 | 150,793 |
| Morgan Stanley | 299,145 | 722,410 | 248,482 |
| The Goldman Sachs Group Inc | 277,467 | 889,494 | 467,700 |
| Wells Fargo and Company | 264,214 | 355,879 | 96,699 |
| PEERS TOTAL | 3,042,716 | 638,273 | 149,387 |
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National Holdings's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Sei Investments Company | United States 85.04 % |
| Stifel Financial Corp | Americas 57.23 % |
| Houlihan Lokey Inc | United States 69.51 % |
| Stonex Group Inc | Middle East and Asia 90.47 % |
| Virtu Financial inc | United States 77.53 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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National Holdings's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Investment Services industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (142 companies). See the full Investment Services industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 0.98 % | 21.01 % (avg) | -20.0 pp |
| Operating Margin | -0.03 % | industry median | -29.7 pp |
| EBITDA Margin | 0.00 % | 21.86 % (avg) | -21.9 pp |
| Capital Intensity (Capex / Revenue) | 0.09 % | 3.64 % (avg) | -3.5 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
National Holdings's Valuation vs Competitive Position
Valuation multiples vs the Investment Services industry average (142 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Investment Services industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | - | 24.0x | - |
| EV / EBITDA | - | 12.7x | - |
| P/B | 0.7x | 3.5x | -2.9x |
| Return on Equity | -0.11 % | industry aggregate | -12.66 % |
| Return on Invested Capital | - | 6.20 % (avg) | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
National Holdings's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 21.96 % | 28.52 % | -12.10 % | 10.87 % | 9.14 % | 12.16 % | -5.99 % | 19.65 % |
| Operating Margin | 3.39 % | 48.23 % | 4.74 % | 2.84 % | 4.77 % | 1.92 % | -0.76 % | -6.41 % |
| Return on Invested Capital | 13.57 % | 109.11 % | 7.42 % | 5.55 % | 10.25 % | 3.91 % | -1.29 % | -9.89 % |
| P/E | - | - | - | 1,481.2x | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
National Holdings's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.09 % vs industry average 3.64 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on National Holdings's dedicated Suppliers and Customers pages, not here.
National Holdings's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
National Holdings falls in the High attractiveness / Low strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
National Holdings's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+10.1% annualized vs trailing 12 months).
Weaknesses
- Operating margin 29.7 points below the industry median.
- Return on equity 12.7 points below the industry aggregate.
Opportunities
No rule matched.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-25.1% annualized).
Methodology: see Methodology: SWOT Analysis.
National Holdings's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| National Holdings Corp | 3.20 | 6.12 | 0.10 |
| Jpmorgan Chase and Co | 0.15 | 0.42 | 1.41 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Morgan Stanley | 0.37 | 1.12 | 3.24 |
| The Goldman Sachs Group Inc | 0.43 | 0.79 | 3.30 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.16 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
National Holdings's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| National Holdings Corp | Q4 2020 | +32.5 % | - |
| Jpmorgan Chase and Co | Q3 2026 | +10.2 % | +9.0 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Morgan Stanley | Q3 2026 | -46.0 % | +5.5 % |
| The Goldman Sachs Group Inc | Q3 2026 | -68.0 % | +29.2 % |
| Wells Fargo and Company | Q3 2026 | +5.4 % | +6.9 % |
| PEERS TOTAL | -4.1 % | -18.1 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
National Holdings's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| National Holdings Corp | Q4 2020 | -15.7 % | -13.2 % |
| Jpmorgan Chase and Co | Q3 2026 | -12.8 % | - |
| Bank Of America Corporation | Q3 2026 | - | - |
| Morgan Stanley | Q3 2026 | - | +32.5 % |
| The Goldman Sachs Group Inc | Q3 2026 | +8.6 % | -5.9 % |
| Wells Fargo and Company | Q3 2026 | +31.5 % | - |
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National Holdings's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| National Holdings Corp | - | - | - |
| Jpmorgan Chase and Co | 1.34% | 1.65% | 17.70% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Morgan Stanley | 1.30% | 1.70% | 17.79% |
| The Goldman Sachs Group Inc | 1.08% | 1.63% | 17.90% |
| Wells Fargo and Company | 1.04% | 1.23% | 12.78% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
National Holdings's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| National Holdings Corp | - | 0.18 |
| Jpmorgan Chase and Co | 14.54 | 4.86 |
| Bank Of America Corporation | 12.13 | 2.99 |
| Morgan Stanley | 15.17 | 4.99 |
| The Goldman Sachs Group Inc | 13.29 | 6.58 |
| Wells Fargo and Company | 12.28 | 3.11 |
| PEERS AVERAGE | 13.30 | 3.11 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.