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Side-by-side financial comparison of Bank First Corp (BFC) and ESTABLISHMENT LABS HOLDINGS INC. (ESTA). Click either name above to swap in a different company.
ESTABLISHMENT LABS HOLDINGS INC. is the larger business by last-quarter revenue ($64.6M vs $44.9M, roughly 1.4× Bank First Corp). On growth, ESTABLISHMENT LABS HOLDINGS INC. posted the faster year-over-year revenue change (45.2% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-2.0M). Over the past eight quarters, ESTABLISHMENT LABS HOLDINGS INC.'s revenue compounded faster (31.9% 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.
Astera Labs, Inc. is an American fabless semiconductor manufacturer and artificial intelligence company. The company specializes in designing high-speed connectivity solutions for data centers and AI infrastructure. The company has been listed on the Nasdaq since March 2024.
BFC vs ESTA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $64.6M |
| Net Profit | $18.4M | — |
| Gross Margin | — | 70.5% |
| Operating Margin | 51.0% | -6.1% |
| Net Margin | 45.8% | — |
| Revenue YoY | 12.1% | 45.2% |
| Net Profit YoY | 4.8% | — |
| EPS (diluted) | $1.87 | $-0.07 |
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 | $64.6M | ||
| Q3 25 | $44.2M | $53.8M | ||
| Q2 25 | $41.6M | $51.3M | ||
| Q1 25 | $43.1M | $41.4M | ||
| Q4 24 | $40.1M | $44.5M | ||
| Q3 24 | $40.8M | $40.2M | ||
| Q2 24 | $38.9M | $44.1M | ||
| Q1 24 | $37.7M | $37.2M |
| Q4 25 | $18.4M | — | ||
| Q3 25 | $18.0M | $-11.1M | ||
| Q2 25 | $16.9M | $-16.6M | ||
| Q1 25 | $18.2M | $-20.7M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $16.6M | $-16.7M | ||
| Q2 24 | $16.1M | $-17.2M | ||
| Q1 24 | $15.4M | $-16.2M |
| Q4 25 | — | 70.5% | ||
| Q3 25 | — | 70.1% | ||
| Q2 25 | — | 68.8% | ||
| Q1 25 | — | 67.2% | ||
| Q4 24 | — | 68.5% | ||
| Q3 24 | — | 63.9% | ||
| Q2 24 | — | 65.6% | ||
| Q1 24 | — | 65.6% |
| Q4 25 | 51.0% | -6.1% | ||
| Q3 25 | 50.8% | -7.5% | ||
| Q2 25 | 49.7% | -27.5% | ||
| Q1 25 | 51.3% | -41.0% | ||
| Q4 24 | 54.4% | -41.9% | ||
| Q3 24 | 50.7% | -32.7% | ||
| Q2 24 | 51.0% | -21.2% | ||
| Q1 24 | 45.6% | -23.8% |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 40.7% | -20.7% | ||
| Q2 25 | 40.5% | -32.3% | ||
| Q1 25 | 42.3% | -50.1% | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 40.6% | -41.5% | ||
| Q2 24 | 41.3% | -38.9% | ||
| Q1 24 | 40.8% | -43.6% |
| Q4 25 | $1.87 | $-0.07 | ||
| Q3 25 | $1.83 | $-0.38 | ||
| Q2 25 | $1.71 | $-0.57 | ||
| Q1 25 | $1.82 | $-0.70 | ||
| Q4 24 | $1.75 | $-1.21 | ||
| Q3 24 | $1.65 | $-0.59 | ||
| Q2 24 | $1.59 | $-0.62 | ||
| Q1 24 | $1.51 | $-0.58 |
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 | $75.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $23.5M |
| Total Assets | $4.5B | $357.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $75.6M | ||
| Q3 25 | $126.2M | $70.6M | ||
| Q2 25 | $120.3M | $54.6M | ||
| Q1 25 | $300.9M | $69.2M | ||
| Q4 24 | $261.3M | $90.3M | ||
| Q3 24 | $204.4M | — | ||
| Q2 24 | $99.0M | — | ||
| Q1 24 | $83.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $0 | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $643.8M | $23.5M | ||
| Q3 25 | $628.1M | $16.4M | ||
| Q2 25 | $612.3M | $22.8M | ||
| Q1 25 | $648.4M | $38.5M | ||
| Q4 24 | $639.7M | $53.1M | ||
| Q3 24 | $628.9M | $32.7M | ||
| Q2 24 | $614.6M | $45.0M | ||
| Q1 24 | $609.3M | $56.9M |
| Q4 25 | $4.5B | $357.2M | ||
| Q3 25 | $4.4B | $338.9M | ||
| Q2 25 | $4.4B | $329.7M | ||
| Q1 25 | $4.5B | $333.4M | ||
| Q4 24 | $4.5B | $346.8M | ||
| Q3 24 | $4.3B | $282.7M | ||
| Q2 24 | $4.1B | $285.1M | ||
| Q1 24 | $4.1B | $301.8M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.00× | ||
| 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 | $62.5M | $-162.0K |
| Free Cash FlowOCF − Capex | $51.0M | $-2.0M |
| FCF MarginFCF / Revenue | 113.6% | -3.1% |
| Capex IntensityCapex / Revenue | 25.5% | 2.8% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-56.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-162.0K | ||
| Q3 25 | $15.5M | $-11.3M | ||
| Q2 25 | $11.9M | $-18.8M | ||
| Q1 25 | $6.2M | $-20.7M | ||
| Q4 24 | $65.8M | $-20.7M | ||
| Q3 24 | $18.8M | $-12.5M | ||
| Q2 24 | $14.9M | $-14.2M | ||
| Q1 24 | $1.3M | $-11.2M |
| Q4 25 | $51.0M | $-2.0M | ||
| Q3 25 | $12.5M | $-13.1M | ||
| Q2 25 | $8.2M | $-20.4M | ||
| Q1 25 | $4.0M | $-21.5M | ||
| Q4 24 | $58.6M | $-21.3M | ||
| Q3 24 | $16.9M | $-13.9M | ||
| Q2 24 | $13.7M | $-15.0M | ||
| Q1 24 | $551.0K | $-14.5M |
| Q4 25 | 113.6% | -3.1% | ||
| Q3 25 | 28.2% | -24.4% | ||
| Q2 25 | 19.8% | -39.7% | ||
| Q1 25 | 9.3% | -51.9% | ||
| Q4 24 | 146.3% | -47.8% | ||
| Q3 24 | 41.5% | -34.6% | ||
| Q2 24 | 35.3% | -33.9% | ||
| Q1 24 | 1.5% | -38.9% |
| Q4 25 | 25.5% | 2.8% | ||
| Q3 25 | 6.7% | 3.4% | ||
| Q2 25 | 8.7% | 3.2% | ||
| Q1 25 | 5.0% | 1.8% | ||
| Q4 24 | 18.0% | 1.2% | ||
| Q3 24 | 4.5% | 3.7% | ||
| Q2 24 | 3.1% | 1.8% | ||
| Q1 24 | 2.1% | 8.9% |
| 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.
