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Side-by-side financial comparison of BayFirst Financial Corp. (BAFN) and Outdoor Holding Co (POWW). Click either name above to swap in a different company.

Outdoor Holding Co is the larger business by last-quarter revenue ($13.4M vs $11.2M, roughly 1.2× BayFirst Financial Corp.). Outdoor Holding Co runs the higher net margin — 16.7% vs -22.1%, a 38.7% gap on every dollar of revenue. On growth, BayFirst Financial Corp. posted the faster year-over-year revenue change (4.7% vs -54.1%). BayFirst Financial Corp. produced more free cash flow last quarter ($285.0M vs $5.0M).

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

Vista Outdoor Inc. was an American designer, manufacturer, and marketer that operated in two segments: shooting sports and outdoor products. It was a "house of brands" with more than 40 labels and subsidiaries.

BAFN vs POWW — Head-to-Head

Bigger by revenue
POWW
POWW
1.2× larger
POWW
$13.4M
$11.2M
BAFN
Growing faster (revenue YoY)
BAFN
BAFN
+58.8% gap
BAFN
4.7%
-54.1%
POWW
Higher net margin
POWW
POWW
38.7% more per $
POWW
16.7%
-22.1%
BAFN
More free cash flow
BAFN
BAFN
$280.0M more FCF
BAFN
$285.0M
$5.0M
POWW

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BAFN
BAFN
POWW
POWW
Revenue
$11.2M
$13.4M
Net Profit
$-2.5M
$2.2M
Gross Margin
87.1%
Operating Margin
-25.3%
14.7%
Net Margin
-22.1%
16.7%
Revenue YoY
4.7%
-54.1%
Net Profit YoY
-125.2%
108.5%
EPS (diluted)
$-0.71
$0.01

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BAFN
BAFN
POWW
POWW
Q4 25
$11.2M
$13.4M
Q3 25
$10.2M
$12.0M
Q2 25
$23.1M
$11.9M
Q1 25
$19.8M
$12.6M
Q4 24
$32.9M
$12.5M
Q3 24
$21.7M
$12.0M
Q2 24
$20.8M
$12.3M
Q1 24
$23.0M
$-50.7M
Net Profit
BAFN
BAFN
POWW
POWW
Q4 25
$-2.5M
$2.2M
Q3 25
$-18.9M
$1.4M
Q2 25
$-1.2M
$-6.5M
Q1 25
$-335.0K
$-77.5M
Q4 24
$9.8M
$-26.1M
Q3 24
$1.1M
$-12.4M
Q2 24
$866.0K
$-14.8M
Q1 24
$824.0K
$-5.2M
Gross Margin
BAFN
BAFN
POWW
POWW
Q4 25
87.1%
Q3 25
87.1%
Q2 25
87.2%
Q1 25
87.5%
Q4 24
87.4%
Q3 24
86.9%
Q2 24
85.8%
Q1 24
Operating Margin
BAFN
BAFN
POWW
POWW
Q4 25
-25.3%
14.7%
Q3 25
-253.0%
5.9%
Q2 25
-7.1%
-50.7%
Q1 25
-2.3%
-213.6%
Q4 24
-163.8%
Q3 24
7.1%
-50.3%
Q2 24
5.9%
-50.8%
Q1 24
5.1%
Net Margin
BAFN
BAFN
POWW
POWW
Q4 25
-22.1%
16.7%
Q3 25
-184.7%
11.7%
Q2 25
-5.3%
-54.5%
Q1 25
-1.7%
-614.5%
Q4 24
91.8%
-208.7%
Q3 24
5.2%
-103.7%
Q2 24
4.2%
-120.2%
Q1 24
3.6%
10.3%
EPS (diluted)
BAFN
BAFN
POWW
POWW
Q4 25
$-0.71
$0.01
Q3 25
$-4.66
$0.01
Q2 25
$-0.39
$-0.06
Q1 25
$-0.17
$-0.67
Q4 24
$2.21
$-0.23
Q3 24
$0.18
$-0.11
Q2 24
$0.12
$-0.13
Q1 24
$0.11
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAFN
BAFN
POWW
POWW
Cash + ST InvestmentsLiquidity on hand
$207.0M
$69.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$87.6M
$237.3M
Total Assets
$1.3B
$271.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAFN
BAFN
POWW
POWW
Q4 25
$207.0M
$69.9M
Q3 25
$118.5M
$65.7M
Q2 25
$77.3M
$63.4M
Q1 25
$63.2M
$30.2M
Q4 24
$77.8M
$31.9M
Q3 24
$64.4M
$33.5M
Q2 24
$60.8M
$50.8M
Q1 24
$57.5M
$55.6M
Stockholders' Equity
BAFN
BAFN
POWW
POWW
Q4 25
$87.6M
$237.3M
Q3 25
$89.7M
$235.4M
Q2 25
$108.2M
$222.5M
Q1 25
$110.1M
$222.0M
Q4 24
$110.9M
$299.6M
Q3 24
$102.3M
$325.6M
Q2 24
$101.0M
$342.5M
Q1 24
$100.6M
$358.0M
Total Assets
BAFN
BAFN
POWW
POWW
Q4 25
$1.3B
$271.7M
Q3 25
$1.3B
$270.3M
Q2 25
$1.3B
$269.5M
Q1 25
$1.3B
$297.3M
Q4 24
$1.3B
$355.4M
Q3 24
$1.2B
$368.9M
Q2 24
$1.2B
$398.6M
Q1 24
$1.1B
$403.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BAFN
BAFN
POWW
POWW
Operating Cash FlowLast quarter
$285.3M
$5.7M
Free Cash FlowOCF − Capex
$285.0M
$5.0M
FCF MarginFCF / Revenue
2554.2%
37.6%
Capex IntensityCapex / Revenue
2.7%
4.8%
Cash ConversionOCF / Net Profit
2.55×
TTM Free Cash FlowTrailing 4 quarters
$469.5M
$-2.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAFN
BAFN
POWW
POWW
Q4 25
$285.3M
$5.7M
Q3 25
$47.3M
$3.2M
Q2 25
$63.3M
$-6.7M
Q1 25
$74.2M
$-1.5M
Q4 24
$390.5M
$1.3M
Q3 24
$90.8M
$-9.3M
Q2 24
$78.8M
$-547.5K
Q1 24
$123.5M
$4.3M
Free Cash Flow
BAFN
BAFN
POWW
POWW
Q4 25
$285.0M
$5.0M
Q3 25
$47.3M
$2.5M
Q2 25
$63.1M
$-7.6M
Q1 25
$74.1M
$-2.3M
Q4 24
$388.8M
$720.3K
Q3 24
$90.5M
$-10.6M
Q2 24
$78.4M
$-1.3M
Q1 24
$122.5M
$1.4M
FCF Margin
BAFN
BAFN
POWW
POWW
Q4 25
2554.2%
37.6%
Q3 25
462.2%
21.0%
Q2 25
272.7%
-63.8%
Q1 25
375.1%
-18.6%
Q4 24
1180.9%
5.8%
Q3 24
416.5%
-88.3%
Q2 24
376.1%
-11.0%
Q1 24
532.5%
-2.8%
Capex Intensity
BAFN
BAFN
POWW
POWW
Q4 25
2.7%
4.8%
Q3 25
0.1%
5.8%
Q2 25
0.8%
7.5%
Q1 25
0.4%
6.5%
Q4 24
5.1%
4.4%
Q3 24
1.5%
10.4%
Q2 24
1.9%
6.5%
Q1 24
4.4%
-5.7%
Cash Conversion
BAFN
BAFN
POWW
POWW
Q4 25
2.55×
Q3 25
2.29×
Q2 25
Q1 25
Q4 24
39.95×
Q3 24
79.85×
Q2 24
90.94×
Q1 24
149.92×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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