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Side-by-side financial comparison of Bank First Corp (BFC) and Cambium Networks Corp (CMBM). Click either name above to swap in a different company.

Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $40.3M, roughly 1.1× Cambium Networks Corp). Bank First Corp runs the higher net margin — 45.8% vs -17.9%, a 63.7% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -23.2%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-10.8M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -27.2%).

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.

Cambium Networks Corporation is an American manufacturer of wireless telecommunications equipment, including Enterprise WiFi, Network switch, Internet of Things, and fixed wireless broadband and Wi-Fi for enterprises products for Internet access. Publicly traded on the NASDAQ stock exchange, it spun out of Motorola in October 2011.

BFC vs CMBM — Head-to-Head

Bigger by revenue
BFC
BFC
1.1× larger
BFC
$44.9M
$40.3M
CMBM
Growing faster (revenue YoY)
BFC
BFC
+35.3% gap
BFC
12.1%
-23.2%
CMBM
Higher net margin
BFC
BFC
63.7% more per $
BFC
45.8%
-17.9%
CMBM
More free cash flow
BFC
BFC
$61.9M more FCF
BFC
$51.0M
$-10.8M
CMBM
Faster 2-yr revenue CAGR
BFC
BFC
Annualised
BFC
9.1%
-27.2%
CMBM

Income Statement — Q4 FY2025 vs Q4 FY2024

Metric
BFC
BFC
CMBM
CMBM
Revenue
$44.9M
$40.3M
Net Profit
$18.4M
$-7.2M
Gross Margin
36.6%
Operating Margin
51.0%
-28.4%
Net Margin
45.8%
-17.9%
Revenue YoY
12.1%
-23.2%
Net Profit YoY
4.8%
71.0%
EPS (diluted)
$1.87
$-0.26

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
BFC
BFC
CMBM
CMBM
Q4 25
$44.9M
Q3 25
$44.2M
Q2 25
$41.6M
Q1 25
$43.1M
Q4 24
$40.1M
$40.3M
Q3 24
$40.8M
$44.7M
Q2 24
$38.9M
$45.2M
Q1 24
$37.7M
$47.1M
Net Profit
BFC
BFC
CMBM
CMBM
Q4 25
$18.4M
Q3 25
$18.0M
Q2 25
$16.9M
Q1 25
$18.2M
Q4 24
$17.5M
$-7.2M
Q3 24
$16.6M
$-34.5M
Q2 24
$16.1M
$-14.2M
Q1 24
$15.4M
$-18.4M
Gross Margin
BFC
BFC
CMBM
CMBM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
36.6%
Q3 24
43.6%
Q2 24
32.5%
Q1 24
29.8%
Operating Margin
BFC
BFC
CMBM
CMBM
Q4 25
51.0%
Q3 25
50.8%
Q2 25
49.7%
Q1 25
51.3%
Q4 24
54.4%
-28.4%
Q3 24
50.7%
-69.6%
Q2 24
51.0%
-27.2%
Q1 24
45.6%
-33.1%
Net Margin
BFC
BFC
CMBM
CMBM
Q4 25
45.8%
Q3 25
40.7%
Q2 25
40.5%
Q1 25
42.3%
Q4 24
49.3%
-17.9%
Q3 24
40.6%
-77.3%
Q2 24
41.3%
-31.5%
Q1 24
40.8%
-39.2%
EPS (diluted)
BFC
BFC
CMBM
CMBM
Q4 25
$1.87
Q3 25
$1.83
Q2 25
$1.71
Q1 25
$1.82
Q4 24
$1.75
$-0.26
Q3 24
$1.65
$-1.22
Q2 24
$1.59
$-0.51
Q1 24
$1.51
$-0.66

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
CMBM
CMBM
Cash + ST InvestmentsLiquidity on hand
$243.2M
Total DebtLower is stronger
$67.6M
Stockholders' EquityBook value
$643.8M
$-3.2M
Total Assets
$4.5B
$173.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
CMBM
CMBM
Q4 25
$243.2M
Q3 25
$126.2M
Q2 25
$120.3M
Q1 25
$300.9M
Q4 24
$261.3M
Q3 24
$204.4M
Q2 24
$99.0M
Q1 24
$83.4M
Total Debt
BFC
BFC
CMBM
CMBM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$67.6M
Q3 24
$67.6M
Q2 24
$68.9M
Q1 24
$63.8M
Stockholders' Equity
BFC
BFC
CMBM
CMBM
Q4 25
$643.8M
Q3 25
$628.1M
Q2 25
$612.3M
Q1 25
$648.4M
Q4 24
$639.7M
$-3.2M
Q3 24
$628.9M
$1.9M
Q2 24
$614.6M
$34.1M
Q1 24
$609.3M
$45.0M
Total Assets
BFC
BFC
CMBM
CMBM
Q4 25
$4.5B
Q3 25
$4.4B
Q2 25
$4.4B
Q1 25
$4.5B
Q4 24
$4.5B
$173.7M
Q3 24
$4.3B
$194.3M
Q2 24
$4.1B
$221.1M
Q1 24
$4.1B
$219.8M
Debt / Equity
BFC
BFC
CMBM
CMBM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
36.12×
Q2 24
2.02×
Q1 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
BFC
BFC
CMBM
CMBM
Operating Cash FlowLast quarter
$62.5M
$-10.4M
Free Cash FlowOCF − Capex
$51.0M
$-10.8M
FCF MarginFCF / Revenue
113.6%
-26.8%
Capex IntensityCapex / Revenue
25.5%
1.1%
Cash ConversionOCF / Net Profit
3.40×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$-21.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
CMBM
CMBM
Q4 25
$62.5M
Q3 25
$15.5M
Q2 25
$11.9M
Q1 25
$6.2M
Q4 24
$65.8M
$-10.4M
Q3 24
$18.8M
$8.9M
Q2 24
$14.9M
$2.4M
Q1 24
$1.3M
$-15.9M
Free Cash Flow
BFC
BFC
CMBM
CMBM
Q4 25
$51.0M
Q3 25
$12.5M
Q2 25
$8.2M
Q1 25
$4.0M
Q4 24
$58.6M
$-10.8M
Q3 24
$16.9M
$6.8M
Q2 24
$13.7M
$87.0K
Q1 24
$551.0K
$-17.4M
FCF Margin
BFC
BFC
CMBM
CMBM
Q4 25
113.6%
Q3 25
28.2%
Q2 25
19.8%
Q1 25
9.3%
Q4 24
146.3%
-26.8%
Q3 24
41.5%
15.2%
Q2 24
35.3%
0.2%
Q1 24
1.5%
-37.0%
Capex Intensity
BFC
BFC
CMBM
CMBM
Q4 25
25.5%
Q3 25
6.7%
Q2 25
8.7%
Q1 25
5.0%
Q4 24
18.0%
1.1%
Q3 24
4.5%
4.8%
Q2 24
3.1%
5.1%
Q1 24
2.1%
3.3%
Cash Conversion
BFC
BFC
CMBM
CMBM
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.

Revenue Breakdown by Segment

BFC
BFC

Segment breakdown not available.

CMBM
CMBM

Enterprise$16.6M41%
Point To Multi Point$16.4M41%
Other$5.8M14%

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