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Side-by-side financial comparison of Bank First Corp (BFC) and Clearfield, Inc. (CLFD). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $34.3M, roughly 1.3× Clearfield, Inc.). Bank First Corp runs the higher net margin — 45.8% vs -1.8%, a 47.6% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -3.2%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-2.4M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -3.5%).
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.
Clearfield, Inc. is a company headquartered in Minneapolis, Minnesota. The company produces fiber optic products.
BFC vs CLFD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $34.3M |
| Net Profit | $18.4M | $-614.0K |
| Gross Margin | — | 33.2% |
| Operating Margin | 51.0% | -5.3% |
| Net Margin | 45.8% | -1.8% |
| Revenue YoY | 12.1% | -3.2% |
| Net Profit YoY | 4.8% | 67.8% |
| 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 | $34.3M | ||
| Q3 25 | $44.2M | $23.4M | ||
| Q2 25 | $41.6M | $49.9M | ||
| Q1 25 | $43.1M | $47.2M | ||
| Q4 24 | $40.1M | $29.7M | ||
| Q3 24 | $40.8M | $5.6M | ||
| Q2 24 | $38.9M | $48.8M | ||
| Q1 24 | $37.7M | $36.9M |
| Q4 25 | $18.4M | $-614.0K | ||
| Q3 25 | $18.0M | $-9.1M | ||
| Q2 25 | $16.9M | $1.6M | ||
| Q1 25 | $18.2M | $1.3M | ||
| Q4 24 | $17.5M | $-1.9M | ||
| Q3 24 | $16.6M | — | ||
| Q2 24 | $16.1M | $-447.0K | ||
| Q1 24 | $15.4M | $-5.9M |
| Q4 25 | — | 33.2% | ||
| Q3 25 | — | 53.2% | ||
| Q2 25 | — | 30.5% | ||
| Q1 25 | — | 30.1% | ||
| Q4 24 | — | 29.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 21.9% | ||
| Q1 24 | — | 7.7% |
| Q4 25 | 51.0% | -5.3% | ||
| Q3 25 | 50.8% | 10.3% | ||
| Q2 25 | 49.7% | 3.0% | ||
| Q1 25 | 51.3% | 0.6% | ||
| Q4 24 | 54.4% | -6.9% | ||
| Q3 24 | 50.7% | — | ||
| Q2 24 | 51.0% | -4.7% | ||
| Q1 24 | 45.6% | -26.4% |
| Q4 25 | 45.8% | -1.8% | ||
| Q3 25 | 40.7% | -38.8% | ||
| Q2 25 | 40.5% | 3.2% | ||
| Q1 25 | 42.3% | 2.8% | ||
| Q4 24 | 49.3% | -6.4% | ||
| Q3 24 | 40.6% | — | ||
| Q2 24 | 41.3% | -0.9% | ||
| Q1 24 | 40.8% | -16.0% |
| Q4 25 | $1.87 | $-0.04 | ||
| Q3 25 | $1.83 | $-0.65 | ||
| Q2 25 | $1.71 | $0.11 | ||
| Q1 25 | $1.82 | $0.09 | ||
| Q4 24 | $1.75 | $-0.13 | ||
| Q3 24 | $1.65 | — | ||
| Q2 24 | $1.59 | $-0.04 | ||
| Q1 24 | $1.51 | $-0.40 |
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 | $96.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $249.7M |
| Total Assets | $4.5B | $268.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $96.4M | ||
| Q3 25 | $126.2M | $106.0M | ||
| Q2 25 | $120.3M | $117.2M | ||
| Q1 25 | $300.9M | $112.0M | ||
| Q4 24 | $261.3M | $113.0M | ||
| Q3 24 | $204.4M | $129.0M | ||
| Q2 24 | $99.0M | $123.8M | ||
| Q1 24 | $83.4M | $142.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $2.2M | ||
| Q2 24 | — | $2.1M | ||
| Q1 24 | — | — |
| Q4 25 | $643.8M | $249.7M | ||
| Q3 25 | $628.1M | $256.2M | ||
| Q2 25 | $612.3M | $264.5M | ||
| Q1 25 | $648.4M | $265.9M | ||
| Q4 24 | $639.7M | $267.4M | ||
| Q3 24 | $628.9M | $275.8M | ||
| Q2 24 | $614.6M | $274.6M | ||
| Q1 24 | $609.3M | $279.2M |
| Q4 25 | $4.5B | $268.1M | ||
| Q3 25 | $4.4B | $306.2M | ||
| Q2 25 | $4.4B | $314.7M | ||
| Q1 25 | $4.5B | $310.9M | ||
| Q4 24 | $4.5B | $303.2M | ||
| Q3 24 | $4.3B | $315.3M | ||
| Q2 24 | $4.1B | $318.1M | ||
| Q1 24 | $4.1B | $315.4M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.01× | ||
| Q2 24 | — | 0.01× | ||
| 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 | $62.5M | $-1.4M |
| Free Cash FlowOCF − Capex | $51.0M | $-2.4M |
| FCF MarginFCF / Revenue | 113.6% | -7.1% |
| Capex IntensityCapex / Revenue | 25.5% | 2.9% |
| 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 | $-1.4M | ||
| Q3 25 | $15.5M | — | ||
| Q2 25 | $11.9M | $7.9M | ||
| Q1 25 | $6.2M | $3.0M | ||
| Q4 24 | $65.8M | $7.2M | ||
| Q3 24 | $18.8M | $22.2M | ||
| Q2 24 | $14.9M | $4.0M | ||
| Q1 24 | $1.3M | $-5.7M |
| Q4 25 | $51.0M | $-2.4M | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $8.2M | $7.5M | ||
| Q1 25 | $4.0M | $654.0K | ||
| Q4 24 | $58.6M | $5.1M | ||
| Q3 24 | $16.9M | $18.2M | ||
| Q2 24 | $13.7M | $2.8M | ||
| Q1 24 | $551.0K | $-7.7M |
| Q4 25 | 113.6% | -7.1% | ||
| Q3 25 | 28.2% | — | ||
| Q2 25 | 19.8% | 15.1% | ||
| Q1 25 | 9.3% | 1.4% | ||
| Q4 24 | 146.3% | 17.1% | ||
| Q3 24 | 41.5% | 323.0% | ||
| Q2 24 | 35.3% | 5.8% | ||
| Q1 24 | 1.5% | -20.8% |
| Q4 25 | 25.5% | 2.9% | ||
| Q3 25 | 6.7% | 2.0% | ||
| Q2 25 | 8.7% | 0.8% | ||
| Q1 25 | 5.0% | 5.1% | ||
| Q4 24 | 18.0% | 7.0% | ||
| Q3 24 | 4.5% | 71.4% | ||
| Q2 24 | 3.1% | 2.5% | ||
| Q1 24 | 2.1% | 5.3% |
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | 4.93× | ||
| Q1 25 | 0.34× | 2.30× | ||
| 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.
