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Side-by-side financial comparison of BRUNSWICK CORP (BC) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
BRUNSWICK CORP is the larger business by last-quarter revenue ($1.3B vs $888.0M, roughly 1.5× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 1.4%, a 28.0% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 15.5%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $83.6M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -1.1%).
Brunswick Corporation, formerly known as the Brunswick-Balke-Collender Company, is an American corporation that has been developing, manufacturing and marketing a wide variety of products since 1845. Brunswick has more than 13,000 employees in 24 countries. Brunswick owns a number of brands, including Mercury Marine. In 2024, Brunswick reported sales of US$5.2 billion. Brunswick's global headquarters is in the northern Chicago suburb of Mettawa, Illinois.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
BC vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $888.0M |
| Net Profit | $18.7M | $261.0M |
| Gross Margin | 23.1% | — |
| Operating Margin | 3.1% | 38.5% |
| Net Margin | 1.4% | 29.4% |
| Revenue YoY | 15.5% | 21.8% |
| Net Profit YoY | 122.7% | 57.2% |
| EPS (diluted) | $0.32 | $0.51 |
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.
| Q4 25 | $1.3B | $888.0M | ||
| Q3 25 | $1.4B | $889.0M | ||
| Q2 25 | $1.4B | $830.0M | ||
| Q1 25 | $1.2B | $812.0M | ||
| Q4 24 | $1.2B | $729.0M | ||
| Q3 24 | $1.3B | $827.0M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.4B | $819.0M |
| Q4 25 | $18.7M | $261.0M | ||
| Q3 25 | $-235.5M | $262.0M | ||
| Q2 25 | $59.3M | $241.0M | ||
| Q1 25 | $20.2M | $218.0M | ||
| Q4 24 | $-82.5M | $166.0M | ||
| Q3 24 | $44.6M | $218.0M | ||
| Q2 24 | $100.0M | — | ||
| Q1 24 | $68.0M | $192.0M |
| Q4 25 | 23.1% | — | ||
| Q3 25 | 25.8% | — | ||
| Q2 25 | 25.5% | — | ||
| Q1 25 | 24.9% | — | ||
| Q4 24 | 21.9% | — | ||
| Q3 24 | 26.2% | — | ||
| Q2 24 | 27.1% | — | ||
| Q1 24 | 27.4% | — |
| Q4 25 | 3.1% | 38.5% | ||
| Q3 25 | -17.8% | 38.7% | ||
| Q2 25 | 7.1% | 37.2% | ||
| Q1 25 | 4.6% | 35.1% | ||
| Q4 24 | -4.8% | 28.8% | ||
| Q3 24 | 7.7% | 34.0% | ||
| Q2 24 | 11.0% | — | ||
| Q1 24 | 8.1% | 31.0% |
| Q4 25 | 1.4% | 29.4% | ||
| Q3 25 | -17.3% | 29.5% | ||
| Q2 25 | 4.1% | 29.0% | ||
| Q1 25 | 1.7% | 26.8% | ||
| Q4 24 | -7.1% | 22.8% | ||
| Q3 24 | 3.5% | 26.4% | ||
| Q2 24 | 6.9% | — | ||
| Q1 24 | 5.0% | 23.4% |
| Q4 25 | $0.32 | $0.51 | ||
| Q3 25 | $-3.59 | $0.50 | ||
| Q2 25 | $0.89 | $0.45 | ||
| Q1 25 | $0.30 | $0.41 | ||
| Q4 24 | $-1.21 | $0.29 | ||
| Q3 24 | $0.67 | $0.40 | ||
| Q2 24 | $1.48 | — | ||
| Q1 24 | $0.99 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $256.8M | — |
| Total DebtLower is stronger | $2.1B | — |
| Stockholders' EquityBook value | $1.6B | $8.8B |
| Total Assets | $5.3B | $83.9B |
| Debt / EquityLower = less leverage | 1.30× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $256.8M | — | ||
| Q3 25 | $297.7M | — | ||
| Q2 25 | $315.7M | — | ||
| Q1 25 | $286.7M | — | ||
| Q4 24 | $269.0M | — | ||
| Q3 24 | $284.1M | — | ||
| Q2 24 | $494.5M | — | ||
| Q1 24 | $548.4M | — |
| Q4 25 | $2.1B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.6B | $8.8B | ||
| Q3 25 | $1.6B | $8.9B | ||
| Q2 25 | $1.9B | $9.0B | ||
| Q1 25 | $1.9B | $8.7B | ||
| Q4 24 | $1.9B | $8.8B | ||
| Q3 24 | $2.0B | $9.0B | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.0B | $8.9B |
| Q4 25 | $5.3B | $83.9B | ||
| Q3 25 | $5.4B | $83.2B | ||
| Q2 25 | $5.8B | $82.1B | ||
| Q1 25 | $5.9B | $81.5B | ||
| Q4 24 | $5.7B | $82.2B | ||
| Q3 24 | $6.0B | $82.6B | ||
| Q2 24 | $6.4B | — | ||
| Q1 24 | $6.5B | $81.8B |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $132.9M | $396.0M |
| Free Cash FlowOCF − Capex | $83.6M | $389.0M |
| FCF MarginFCF / Revenue | 6.3% | 43.8% |
| Capex IntensityCapex / Revenue | 3.7% | 0.8% |
| Cash ConversionOCF / Net Profit | 7.11× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $396.3M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $132.9M | $396.0M | ||
| Q3 25 | $140.4M | $-200.0M | ||
| Q2 25 | $316.2M | $83.0M | ||
| Q1 25 | $-27.4M | $349.0M | ||
| Q4 24 | $306.4M | $191.0M | ||
| Q3 24 | $67.4M | $389.0M | ||
| Q2 24 | $211.0M | — | ||
| Q1 24 | $-153.4M | $838.0M |
| Q4 25 | $83.6M | $389.0M | ||
| Q3 25 | $106.5M | $-208.0M | ||
| Q2 25 | $271.3M | $74.0M | ||
| Q1 25 | $-65.1M | $340.0M | ||
| Q4 24 | $276.1M | $174.0M | ||
| Q3 24 | $31.4M | $383.0M | ||
| Q2 24 | $163.9M | — | ||
| Q1 24 | $-207.4M | $828.0M |
| Q4 25 | 6.3% | 43.8% | ||
| Q3 25 | 7.8% | -23.4% | ||
| Q2 25 | 18.7% | 8.9% | ||
| Q1 25 | -5.3% | 41.9% | ||
| Q4 24 | 23.9% | 23.9% | ||
| Q3 24 | 2.5% | 46.3% | ||
| Q2 24 | 11.4% | — | ||
| Q1 24 | -15.2% | 101.1% |
| Q4 25 | 3.7% | 0.8% | ||
| Q3 25 | 2.5% | 0.9% | ||
| Q2 25 | 3.1% | 1.1% | ||
| Q1 25 | 3.1% | 1.1% | ||
| Q4 24 | 2.6% | 2.3% | ||
| Q3 24 | 2.8% | 0.7% | ||
| Q2 24 | 3.3% | — | ||
| Q1 24 | 4.0% | 1.2% |
| Q4 25 | 7.11× | 1.52× | ||
| Q3 25 | — | -0.76× | ||
| Q2 25 | 5.33× | 0.34× | ||
| Q1 25 | -1.36× | 1.60× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | 1.51× | 1.78× | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | -2.26× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BC
| Engine Partsand Accessories | $532.4M | 40% |
| Navico Group | $452.9M | 34% |
| Recreational Fiberglass Boats | $111.6M | 8% |
| Saltwater Fishing Boats | $85.7M | 6% |
| Controls Riggingand Propellers | $78.3M | 6% |
| Business Acceleration | $48.1M | 4% |
| Sterndrive Engine | $32.6M | 2% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
