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Side-by-side financial comparison of Bank First Corp (BFC) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
4D Molecular Therapeutics, Inc. is the larger business by last-quarter revenue ($85.1M vs $44.9M, roughly 1.9× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 22.8%, a 23.0% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $28.5M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% 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.
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
BFC vs FDMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $85.1M |
| Net Profit | $18.4M | $19.4M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | 17.3% |
| Net Margin | 45.8% | 22.8% |
| Revenue YoY | 12.1% | 8508900.0% |
| Net Profit YoY | 4.8% | 139.1% |
| EPS (diluted) | $1.87 | $0.43 |
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 | $85.1M | ||
| Q3 25 | $44.2M | $90.0K | ||
| Q2 25 | $41.6M | $15.0K | ||
| Q1 25 | $43.1M | $14.0K | ||
| Q4 24 | $40.1M | $1.0K | ||
| Q3 24 | $40.8M | $3.0K | ||
| Q2 24 | $38.9M | $5.0K | ||
| Q1 24 | $37.7M | $28.0K |
| Q4 25 | $18.4M | $19.4M | ||
| Q3 25 | $18.0M | $-56.9M | ||
| Q2 25 | $16.9M | $-54.7M | ||
| Q1 25 | $18.2M | $-48.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $16.6M | $-43.8M | ||
| Q2 24 | $16.1M | $-35.0M | ||
| Q1 24 | $15.4M | $-32.4M |
| Q4 25 | 51.0% | 17.3% | ||
| Q3 25 | 50.8% | -67983.3% | ||
| Q2 25 | 49.7% | -396373.3% | ||
| Q1 25 | 51.3% | -383007.1% | ||
| Q4 24 | 54.4% | — | ||
| Q3 24 | 50.7% | -1704400.0% | ||
| Q2 24 | 51.0% | -849120.0% | ||
| Q1 24 | 45.6% | -136200.0% |
| Q4 25 | 45.8% | 22.8% | ||
| Q3 25 | 40.7% | -63195.6% | ||
| Q2 25 | 40.5% | -364386.7% | ||
| Q1 25 | 42.3% | -342657.1% | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 40.6% | -1461433.3% | ||
| Q2 24 | 41.3% | -699060.0% | ||
| Q1 24 | 40.8% | -115717.9% |
| Q4 25 | $1.87 | $0.43 | ||
| Q3 25 | $1.83 | $-1.01 | ||
| Q2 25 | $1.71 | $-0.98 | ||
| Q1 25 | $1.82 | $-0.86 | ||
| Q4 24 | $1.75 | — | ||
| Q3 24 | $1.65 | $-0.79 | ||
| Q2 24 | $1.59 | $-0.63 | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $243.2M | $402.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $505.7M |
| Total Assets | $4.5B | $566.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $402.7M | ||
| Q3 25 | $126.2M | $305.1M | ||
| Q2 25 | $120.3M | $293.2M | ||
| Q1 25 | $300.9M | $321.4M | ||
| Q4 24 | $261.3M | $424.9M | ||
| Q3 24 | $204.4M | $501.9M | ||
| Q2 24 | $99.0M | $541.9M | ||
| Q1 24 | $83.4M | $525.9M |
| Q4 25 | $643.8M | $505.7M | ||
| Q3 25 | $628.1M | $369.0M | ||
| Q2 25 | $612.3M | $420.9M | ||
| Q1 25 | $648.4M | $469.7M | ||
| Q4 24 | $639.7M | $510.6M | ||
| Q3 24 | $628.9M | $552.9M | ||
| Q2 24 | $614.6M | $588.3M | ||
| Q1 24 | $609.3M | $600.6M |
| Q4 25 | $4.5B | $566.7M | ||
| Q3 25 | $4.4B | $424.0M | ||
| Q2 25 | $4.4B | $473.6M | ||
| Q1 25 | $4.5B | $515.7M | ||
| Q4 24 | $4.5B | $560.4M | ||
| Q3 24 | $4.3B | $604.0M | ||
| Q2 24 | $4.1B | $620.1M | ||
| Q1 24 | $4.1B | $629.9M |
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 | $28.6M |
| Free Cash FlowOCF − Capex | $51.0M | $28.5M |
| FCF MarginFCF / Revenue | 113.6% | 33.5% |
| Capex IntensityCapex / Revenue | 25.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.40× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $28.6M | ||
| Q3 25 | $15.5M | $-46.5M | ||
| Q2 25 | $11.9M | $-43.4M | ||
| Q1 25 | $6.2M | $-47.8M | ||
| Q4 24 | $65.8M | $-134.6M | ||
| Q3 24 | $18.8M | $-29.4M | ||
| Q2 24 | $14.9M | $-30.2M | ||
| Q1 24 | $1.3M | $-29.1M |
| Q4 25 | $51.0M | $28.5M | ||
| Q3 25 | $12.5M | $-46.6M | ||
| Q2 25 | $8.2M | $-43.4M | ||
| Q1 25 | $4.0M | $-48.4M | ||
| Q4 24 | $58.6M | $-138.4M | ||
| Q3 24 | $16.9M | $-31.2M | ||
| Q2 24 | $13.7M | $-30.6M | ||
| Q1 24 | $551.0K | $-29.8M |
| Q4 25 | 113.6% | 33.5% | ||
| Q3 25 | 28.2% | -51765.6% | ||
| Q2 25 | 19.8% | -289620.0% | ||
| Q1 25 | 9.3% | -345635.7% | ||
| Q4 24 | 146.3% | -13837100.0% | ||
| Q3 24 | 41.5% | -1038966.7% | ||
| Q2 24 | 35.3% | -611840.0% | ||
| Q1 24 | 1.5% | -106421.4% |
| Q4 25 | 25.5% | 0.1% | ||
| Q3 25 | 6.7% | 101.1% | ||
| Q2 25 | 8.7% | 440.0% | ||
| Q1 25 | 5.0% | 4507.1% | ||
| Q4 24 | 18.0% | 378600.0% | ||
| Q3 24 | 4.5% | 59266.7% | ||
| Q2 24 | 3.1% | 6980.0% | ||
| Q1 24 | 2.1% | 2535.7% |
| Q4 25 | 3.40× | 1.47× | ||
| 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.
