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Side-by-side financial comparison of Bank First Corp (BFC) and BlackSky Technology Inc. (BKSY). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $35.2M, roughly 1.3× BlackSky Technology Inc.). Bank First Corp runs the higher net margin — 45.8% vs -2.5%, a 48.2% gap on every dollar of revenue. On growth, BlackSky Technology Inc. posted the faster year-over-year revenue change (15.9% vs 12.1%). Over the past eight quarters, BlackSky Technology Inc.'s revenue compounded faster (20.5% CAGR vs 9.1%).
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.
BlackSky Technology Inc. is a leading geospatial intelligence provider operating a constellation of high-revisit small Earth observation satellites. It delivers real-time satellite imagery, advanced data analytics, and dynamic monitoring solutions to government, defense, critical infrastructure, and commercial clients globally to support data-driven operational decision-making.
BFC vs BKSY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $35.2M |
| Net Profit | $18.4M | $-868.0K |
| Gross Margin | — | — |
| Operating Margin | 51.0% | -11.8% |
| Net Margin | 45.8% | -2.5% |
| Revenue YoY | 12.1% | 15.9% |
| Net Profit YoY | 4.8% | 95.5% |
| EPS (diluted) | $1.87 | $0.04 |
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 | $44.9M | $35.2M | ||
| Q3 25 | $44.2M | $19.6M | ||
| Q2 25 | $41.6M | $22.2M | ||
| Q1 25 | $43.1M | $29.5M | ||
| Q4 24 | $40.1M | $30.4M | ||
| Q3 24 | $40.8M | $22.5M | ||
| Q2 24 | $38.9M | $24.9M | ||
| Q1 24 | $37.7M | $24.2M |
| Q4 25 | $18.4M | $-868.0K | ||
| Q3 25 | $18.0M | $-15.3M | ||
| Q2 25 | $16.9M | $-41.2M | ||
| Q1 25 | $18.2M | $-12.8M | ||
| Q4 24 | $17.5M | $-19.4M | ||
| Q3 24 | $16.6M | $-12.6M | ||
| Q2 24 | $16.1M | $-9.4M | ||
| Q1 24 | $15.4M | $-15.8M |
| Q4 25 | 51.0% | -11.8% | ||
| Q3 25 | 50.8% | -85.8% | ||
| Q2 25 | 49.7% | -62.8% | ||
| Q1 25 | 51.3% | -40.5% | ||
| Q4 24 | 54.4% | -20.0% | ||
| Q3 24 | 50.7% | -58.7% | ||
| Q2 24 | 51.0% | -47.0% | ||
| Q1 24 | 45.6% | -54.7% |
| Q4 25 | 45.8% | -2.5% | ||
| Q3 25 | 40.7% | -78.2% | ||
| Q2 25 | 40.5% | -185.8% | ||
| Q1 25 | 42.3% | -43.4% | ||
| Q4 24 | 49.3% | -63.9% | ||
| Q3 24 | 40.6% | -55.8% | ||
| Q2 24 | 41.3% | -37.7% | ||
| Q1 24 | 40.8% | -65.2% |
| Q4 25 | $1.87 | $0.04 | ||
| Q3 25 | $1.83 | $-0.44 | ||
| Q2 25 | $1.71 | $-1.27 | ||
| Q1 25 | $1.82 | $-0.42 | ||
| Q4 24 | $1.75 | $-0.61 | ||
| Q3 24 | $1.65 | $-0.66 | ||
| Q2 24 | $1.59 | $-0.52 | ||
| Q1 24 | $1.51 | $-0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $243.2M | $124.5M |
| Total DebtLower is stronger | — | $201.1M |
| Stockholders' EquityBook value | $643.8M | $94.9M |
| Total Assets | $4.5B | $386.2M |
| Debt / EquityLower = less leverage | — | 2.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $124.5M | ||
| Q3 25 | $126.2M | $146.5M | ||
| Q2 25 | $120.3M | $93.8M | ||
| Q1 25 | $300.9M | $75.8M | ||
| Q4 24 | $261.3M | $52.5M | ||
| Q3 24 | $204.4M | $63.2M | ||
| Q2 24 | $99.0M | $41.2M | ||
| Q1 24 | $83.4M | $35.4M |
| Q4 25 | — | $201.1M | ||
| Q3 25 | — | $195.1M | ||
| Q2 25 | — | $122.5M | ||
| Q1 25 | — | $115.3M | ||
| Q4 24 | — | $107.7M | ||
| Q3 24 | — | $98.8M | ||
| Q2 24 | — | $108.6M | ||
| Q1 24 | — | $85.0M |
| Q4 25 | $643.8M | $94.9M | ||
| Q3 25 | $628.1M | $91.1M | ||
| Q2 25 | $612.3M | $86.6M | ||
| Q1 25 | $648.4M | $88.8M | ||
| Q4 24 | $639.7M | $94.0M | ||
| Q3 24 | $628.9M | $110.3M | ||
| Q2 24 | $614.6M | $76.5M | ||
| Q1 24 | $609.3M | $81.7M |
| Q4 25 | $4.5B | $386.2M | ||
| Q3 25 | $4.4B | $380.9M | ||
| Q2 25 | $4.4B | $310.8M | ||
| Q1 25 | $4.5B | $284.9M | ||
| Q4 24 | $4.5B | $254.1M | ||
| Q3 24 | $4.3B | $245.5M | ||
| Q2 24 | $4.1B | $224.3M | ||
| Q1 24 | $4.1B | $210.1M |
| Q4 25 | — | 2.12× | ||
| Q3 25 | — | 2.14× | ||
| Q2 25 | — | 1.41× | ||
| Q1 25 | — | 1.30× | ||
| Q4 24 | — | 1.15× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.42× | ||
| Q1 24 | — | 1.04× |
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 | $62.5M | $-9.3M |
| Free Cash FlowOCF − Capex | $51.0M | — |
| FCF MarginFCF / Revenue | 113.6% | — |
| Capex IntensityCapex / Revenue | 25.5% | — |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-9.3M | ||
| Q3 25 | $15.5M | $-39.0M | ||
| Q2 25 | $11.9M | $-7.3M | ||
| Q1 25 | $6.2M | $27.2M | ||
| Q4 24 | $65.8M | $-1.8M | ||
| Q3 24 | $18.8M | $1.0M | ||
| Q2 24 | $14.9M | $-1.8M | ||
| Q1 24 | $1.3M | $-3.8M |
| Q4 25 | $51.0M | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $58.6M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $551.0K | — |
| Q4 25 | 113.6% | — | ||
| Q3 25 | 28.2% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 146.3% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 25.5% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 3.75× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.93× | — | ||
| Q1 24 | 0.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
