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Side-by-side financial comparison of Bank First Corp (BFC) and GLADSTONE COMMERCIAL CORP (GOOD). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $41.9M, roughly 1.1× GLADSTONE COMMERCIAL CORP). Bank First Corp runs the higher net margin — 45.8% vs 16.6%, a 29.1% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -3.6%). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 6.3%).
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.
Gladstone Commercial Corp is a publicly traded US real estate investment trust focused on acquiring, owning, and operating diversified industrial and commercial properties. It offers long-term net lease agreements to tenants across manufacturing, logistics, healthcare and professional services sectors, mainly serving small to mid-sized business clients.
BFC vs GOOD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $41.9M |
| Net Profit | $18.4M | $7.0M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | 160.2% |
| Net Margin | 45.8% | 16.6% |
| Revenue YoY | 12.1% | -3.6% |
| Net Profit YoY | 4.8% | 29.5% |
| EPS (diluted) | $1.87 | — |
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.
| Q1 26 | — | $41.9M | ||
| Q4 25 | $44.9M | $43.5M | ||
| Q3 25 | $44.2M | $40.8M | ||
| Q2 25 | $41.6M | $39.5M | ||
| Q1 25 | $43.1M | $37.5M | ||
| Q4 24 | $40.1M | $37.4M | ||
| Q3 24 | $40.8M | $39.2M | ||
| Q2 24 | $38.9M | $37.1M |
| Q1 26 | — | $7.0M | ||
| Q4 25 | $18.4M | $5.4M | ||
| Q3 25 | $18.0M | $4.1M | ||
| Q2 25 | $16.9M | $4.6M | ||
| Q1 25 | $18.2M | $5.1M | ||
| Q4 24 | $17.5M | $7.2M | ||
| Q3 24 | $16.6M | $11.7M | ||
| Q2 24 | $16.1M | $1.6M |
| Q1 26 | — | 160.2% | ||
| Q4 25 | 51.0% | — | ||
| Q3 25 | 50.8% | — | ||
| Q2 25 | 49.7% | — | ||
| Q1 25 | 51.3% | — | ||
| Q4 24 | 54.4% | — | ||
| Q3 24 | 50.7% | — | ||
| Q2 24 | 51.0% | — |
| Q1 26 | — | 16.6% | ||
| Q4 25 | 45.8% | 12.4% | ||
| Q3 25 | 40.7% | 10.1% | ||
| Q2 25 | 40.5% | 11.7% | ||
| Q1 25 | 42.3% | 13.7% | ||
| Q4 24 | 49.3% | 19.2% | ||
| Q3 24 | 40.6% | 29.8% | ||
| Q2 24 | 41.3% | 4.3% |
| Q1 26 | — | — | ||
| Q4 25 | $1.87 | $0.05 | ||
| Q3 25 | $1.83 | $0.02 | ||
| Q2 25 | $1.71 | $0.03 | ||
| Q1 25 | $1.82 | $0.04 | ||
| Q4 24 | $1.75 | $0.10 | ||
| Q3 24 | $1.65 | $0.20 | ||
| Q2 24 | $1.59 | $-0.04 |
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 | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | — |
| Total Assets | $4.5B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $243.2M | $10.8M | ||
| Q3 25 | $126.2M | $18.4M | ||
| Q2 25 | $120.3M | $11.7M | ||
| Q1 25 | $300.9M | $10.4M | ||
| Q4 24 | $261.3M | $11.0M | ||
| Q3 24 | $204.4M | $10.5M | ||
| Q2 24 | $99.0M | $10.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $843.5M | ||
| Q3 25 | — | $843.3M | ||
| Q2 25 | — | $794.4M | ||
| Q1 25 | — | $740.7M | ||
| Q4 24 | — | $693.4M | ||
| Q3 24 | — | $692.6M | ||
| Q2 24 | — | $722.5M |
| Q1 26 | — | — | ||
| Q4 25 | $643.8M | $171.8M | ||
| Q3 25 | $628.1M | $184.8M | ||
| Q2 25 | $612.3M | $177.2M | ||
| Q1 25 | $648.4M | $183.2M | ||
| Q4 24 | $639.7M | $171.2M | ||
| Q3 24 | $628.9M | $168.9M | ||
| Q2 24 | $614.6M | $145.7M |
| Q1 26 | — | $1.2B | ||
| Q4 25 | $4.5B | $1.2B | ||
| Q3 25 | $4.4B | $1.3B | ||
| Q2 25 | $4.4B | $1.2B | ||
| Q1 25 | $4.5B | $1.2B | ||
| Q4 24 | $4.5B | $1.1B | ||
| Q3 24 | $4.3B | $1.1B | ||
| Q2 24 | $4.1B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.91× | ||
| Q3 25 | — | 4.56× | ||
| Q2 25 | — | 4.48× | ||
| Q1 25 | — | 4.04× | ||
| Q4 24 | — | 4.05× | ||
| Q3 24 | — | 4.10× | ||
| Q2 24 | — | 4.96× |
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 | — |
| Free Cash FlowOCF − Capex | $51.0M | — |
| FCF MarginFCF / Revenue | 113.6% | — |
| Capex IntensityCapex / Revenue | 25.5% | — |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $62.5M | $88.2M | ||
| Q3 25 | $15.5M | $18.9M | ||
| Q2 25 | $11.9M | $35.8M | ||
| Q1 25 | $6.2M | $17.7M | ||
| Q4 24 | $65.8M | $57.0M | ||
| Q3 24 | $18.8M | $5.5M | ||
| Q2 24 | $14.9M | $13.6M |
| Q1 26 | — | — | ||
| Q4 25 | $51.0M | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $58.6M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $13.7M | — |
| Q1 26 | — | — | ||
| Q4 25 | 113.6% | — | ||
| Q3 25 | 28.2% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 146.3% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 35.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 3.1% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.40× | 16.38× | ||
| Q3 25 | 0.86× | 4.57× | ||
| Q2 25 | 0.70× | 7.74× | ||
| Q1 25 | 0.34× | 3.44× | ||
| Q4 24 | 3.75× | 7.93× | ||
| Q3 24 | 1.13× | 0.47× | ||
| Q2 24 | 0.93× | 8.44× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
