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Side-by-side financial comparison of Bank First Corp (BFC) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $32.9M, roughly 1.4× FTC Solar, Inc.). Bank First Corp runs the higher net margin — 45.8% vs -110.7%, a 156.5% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-8.4M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% 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.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
BFC vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $32.9M |
| Net Profit | $18.4M | $-36.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | 51.0% | -17.2% |
| Net Margin | 45.8% | -110.7% |
| Revenue YoY | 12.1% | 148.9% |
| Net Profit YoY | 4.8% | -197.4% |
| EPS (diluted) | $1.87 | $-2.31 |
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 | $32.9M | ||
| Q3 25 | $44.2M | $26.0M | ||
| Q2 25 | $41.6M | $20.0M | ||
| Q1 25 | $43.1M | $20.8M | ||
| Q4 24 | $40.1M | $13.2M | ||
| Q3 24 | $40.8M | $10.1M | ||
| Q2 24 | $38.9M | $11.4M | ||
| Q1 24 | $37.7M | $12.6M |
| Q4 25 | $18.4M | $-36.4M | ||
| Q3 25 | $18.0M | $-23.9M | ||
| Q2 25 | $16.9M | $-15.4M | ||
| Q1 25 | $18.2M | $-3.8M | ||
| Q4 24 | $17.5M | $-12.2M | ||
| Q3 24 | $16.6M | $-15.4M | ||
| Q2 24 | $16.1M | $-12.2M | ||
| Q1 24 | $15.4M | $-8.8M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | — | -42.5% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | 51.0% | -17.2% | ||
| Q3 25 | 50.8% | -29.6% | ||
| Q2 25 | 49.7% | -57.5% | ||
| Q1 25 | 51.3% | -50.8% | ||
| Q4 24 | 54.4% | -101.7% | ||
| Q3 24 | 50.7% | -147.8% | ||
| Q2 24 | 51.0% | -104.3% | ||
| Q1 24 | 45.6% | -99.3% |
| Q4 25 | 45.8% | -110.7% | ||
| Q3 25 | 40.7% | -92.0% | ||
| Q2 25 | 40.5% | -77.2% | ||
| Q1 25 | 42.3% | -18.4% | ||
| Q4 24 | 49.3% | -92.7% | ||
| Q3 24 | 40.6% | -151.5% | ||
| Q2 24 | 41.3% | -107.1% | ||
| Q1 24 | 40.8% | -69.7% |
| Q4 25 | $1.87 | $-2.31 | ||
| Q3 25 | $1.83 | $-1.61 | ||
| Q2 25 | $1.71 | $-1.18 | ||
| Q1 25 | $1.82 | $-0.58 | ||
| Q4 24 | $1.75 | $-0.95 | ||
| Q3 24 | $1.65 | $-1.21 | ||
| Q2 24 | $1.59 | $-0.97 | ||
| Q1 24 | $1.51 | $-0.70 |
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 | $21.1M |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $643.8M | $-43.0M |
| Total Assets | $4.5B | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $21.1M | ||
| Q3 25 | $126.2M | $24.4M | ||
| Q2 25 | $120.3M | $3.5M | ||
| Q1 25 | $300.9M | $5.9M | ||
| Q4 24 | $261.3M | $11.2M | ||
| Q3 24 | $204.4M | $8.3M | ||
| Q2 24 | $99.0M | $10.8M | ||
| Q1 24 | $83.4M | $14.0M |
| Q4 25 | — | $9.9M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $643.8M | $-43.0M | ||
| Q3 25 | $628.1M | $-13.7M | ||
| Q2 25 | $612.3M | $9.0M | ||
| Q1 25 | $648.4M | $15.5M | ||
| Q4 24 | $639.7M | $19.0M | ||
| Q3 24 | $628.9M | $30.4M | ||
| Q2 24 | $614.6M | $44.2M | ||
| Q1 24 | $609.3M | $55.2M |
| Q4 25 | $4.5B | $111.8M | ||
| Q3 25 | $4.4B | $111.5M | ||
| Q2 25 | $4.4B | $83.0M | ||
| Q1 25 | $4.5B | $84.1M | ||
| Q4 24 | $4.5B | $89.9M | ||
| Q3 24 | $4.3B | $91.7M | ||
| Q2 24 | $4.1B | $100.3M | ||
| Q1 24 | $4.1B | $115.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| 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 | $-8.0M |
| Free Cash FlowOCF − Capex | $51.0M | $-8.4M |
| FCF MarginFCF / Revenue | 113.6% | -25.7% |
| Capex IntensityCapex / Revenue | 25.5% | 1.3% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-8.0M | ||
| Q3 25 | $15.5M | $-14.6M | ||
| Q2 25 | $11.9M | $-2.3M | ||
| Q1 25 | $6.2M | $-8.5M | ||
| Q4 24 | $65.8M | $-16.7M | ||
| Q3 24 | $18.8M | $-2.4M | ||
| Q2 24 | $14.9M | $-3.8M | ||
| Q1 24 | $1.3M | $-11.9M |
| Q4 25 | $51.0M | $-8.4M | ||
| Q3 25 | $12.5M | $-15.1M | ||
| Q2 25 | $8.2M | $-2.5M | ||
| Q1 25 | $4.0M | $-8.6M | ||
| Q4 24 | $58.6M | $-17.0M | ||
| Q3 24 | $16.9M | $-2.6M | ||
| Q2 24 | $13.7M | $-4.5M | ||
| Q1 24 | $551.0K | $-12.3M |
| Q4 25 | 113.6% | -25.7% | ||
| Q3 25 | 28.2% | -57.9% | ||
| Q2 25 | 19.8% | -12.4% | ||
| Q1 25 | 9.3% | -41.2% | ||
| Q4 24 | 146.3% | -128.6% | ||
| Q3 24 | 41.5% | -25.6% | ||
| Q2 24 | 35.3% | -39.2% | ||
| Q1 24 | 1.5% | -97.6% |
| Q4 25 | 25.5% | 1.3% | ||
| Q3 25 | 6.7% | 1.7% | ||
| Q2 25 | 8.7% | 0.9% | ||
| Q1 25 | 5.0% | 0.4% | ||
| Q4 24 | 18.0% | 2.2% | ||
| Q3 24 | 4.5% | 2.2% | ||
| Q2 24 | 3.1% | 6.1% | ||
| Q1 24 | 2.1% | 3.4% |
| 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
Segment breakdown not available.
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
