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Side-by-side financial comparison of Bank First Corp (BFC) and HARROW, INC. (HROW). Click either name above to swap in a different company.
HARROW, INC. is the larger business by last-quarter revenue ($89.1M vs $44.9M, roughly 2.0× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 7.4%, a 38.3% gap on every dollar of revenue. On growth, HARROW, INC. posted the faster year-over-year revenue change (33.3% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $8.1M). Over the past eight quarters, HARROW, INC.'s revenue compounded faster (60.5% 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.
Harrow Health, Inc., formerly known as Imprimis Pharmaceuticals, is a publicly traded pharmaceutical company based in Nashville, Tennessee.
BFC vs HROW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $89.1M |
| Net Profit | $18.4M | $6.6M |
| Gross Margin | — | 79.3% |
| Operating Margin | 51.0% | 17.5% |
| Net Margin | 45.8% | 7.4% |
| Revenue YoY | 12.1% | 33.3% |
| Net Profit YoY | 4.8% | -2.2% |
| EPS (diluted) | $1.87 | $0.20 |
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 | $89.1M | ||
| Q3 25 | $44.2M | $71.6M | ||
| Q2 25 | $41.6M | $63.7M | ||
| Q1 25 | $43.1M | $47.8M | ||
| Q4 24 | $40.1M | $66.8M | ||
| Q3 24 | $40.8M | $49.3M | ||
| Q2 24 | $38.9M | $48.9M | ||
| Q1 24 | $37.7M | $34.6M |
| Q4 25 | $18.4M | $6.6M | ||
| Q3 25 | $18.0M | $1.0M | ||
| Q2 25 | $16.9M | $5.0M | ||
| Q1 25 | $18.2M | $-17.8M | ||
| Q4 24 | $17.5M | $6.8M | ||
| Q3 24 | $16.6M | $-4.2M | ||
| Q2 24 | $16.1M | $-6.5M | ||
| Q1 24 | $15.4M | $-13.6M |
| Q4 25 | — | 79.3% | ||
| Q3 25 | — | 75.3% | ||
| Q2 25 | — | 74.5% | ||
| Q1 25 | — | 67.5% | ||
| Q4 24 | — | 78.8% | ||
| Q3 24 | — | 75.6% | ||
| Q2 24 | — | 74.4% | ||
| Q1 24 | — | 69.5% |
| Q4 25 | 51.0% | 17.5% | ||
| Q3 25 | 50.8% | 20.6% | ||
| Q2 25 | 49.7% | 17.9% | ||
| Q1 25 | 51.3% | -23.5% | ||
| Q4 24 | 54.4% | 19.3% | ||
| Q3 24 | 50.7% | 2.7% | ||
| Q2 24 | 51.0% | 3.1% | ||
| Q1 24 | 45.6% | -20.0% |
| Q4 25 | 45.8% | 7.4% | ||
| Q3 25 | 40.7% | 1.4% | ||
| Q2 25 | 40.5% | 7.8% | ||
| Q1 25 | 42.3% | -37.2% | ||
| Q4 24 | 49.3% | 10.1% | ||
| Q3 24 | 40.6% | -8.6% | ||
| Q2 24 | 41.3% | -13.2% | ||
| Q1 24 | 40.8% | -39.2% |
| Q4 25 | $1.87 | $0.20 | ||
| Q3 25 | $1.83 | $0.03 | ||
| Q2 25 | $1.71 | $0.13 | ||
| Q1 25 | $1.82 | $-0.50 | ||
| Q4 24 | $1.75 | $0.19 | ||
| Q3 24 | $1.65 | $-0.12 | ||
| Q2 24 | $1.59 | $-0.18 | ||
| Q1 24 | $1.51 | $-0.38 |
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 | $72.9M |
| Total DebtLower is stronger | — | $250.0M |
| Stockholders' EquityBook value | $643.8M | $52.4M |
| Total Assets | $4.5B | $399.5M |
| Debt / EquityLower = less leverage | — | 4.77× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $72.9M | ||
| Q3 25 | $126.2M | $74.3M | ||
| Q2 25 | $120.3M | $53.0M | ||
| Q1 25 | $300.9M | $66.7M | ||
| Q4 24 | $261.3M | $47.2M | ||
| Q3 24 | $204.4M | $72.6M | ||
| Q2 24 | $99.0M | $71.0M | ||
| Q1 24 | $83.4M | $76.0M |
| Q4 25 | — | $250.0M | ||
| Q3 25 | — | $347.2M | ||
| Q2 25 | — | $250.6M | ||
| Q1 25 | — | $256.9M | ||
| Q4 24 | — | $262.7M | ||
| Q3 24 | — | $230.7M | ||
| Q2 24 | — | $236.3M | ||
| Q1 24 | — | $243.4M |
| Q4 25 | $643.8M | $52.4M | ||
| Q3 25 | $628.1M | $47.0M | ||
| Q2 25 | $612.3M | $49.7M | ||
| Q1 25 | $648.4M | $56.5M | ||
| Q4 24 | $639.7M | $69.7M | ||
| Q3 24 | $628.9M | $58.0M | ||
| Q2 24 | $614.6M | $58.5M | ||
| Q1 24 | $609.3M | $60.6M |
| Q4 25 | $4.5B | $399.5M | ||
| Q3 25 | $4.4B | $363.1M | ||
| Q2 25 | $4.4B | $345.0M | ||
| Q1 25 | $4.5B | $364.2M | ||
| Q4 24 | $4.5B | $389.0M | ||
| Q3 24 | $4.3B | $351.5M | ||
| Q2 24 | $4.1B | $306.6M | ||
| Q1 24 | $4.1B | $295.5M |
| Q4 25 | — | 4.77× | ||
| Q3 25 | — | 7.39× | ||
| Q2 25 | — | 5.05× | ||
| Q1 25 | — | 4.55× | ||
| Q4 24 | — | 3.77× | ||
| Q3 24 | — | 3.98× | ||
| Q2 24 | — | 4.04× | ||
| Q1 24 | — | 4.02× |
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 | $8.4M |
| Free Cash FlowOCF − Capex | $51.0M | $8.1M |
| FCF MarginFCF / Revenue | 113.6% | 9.1% |
| Capex IntensityCapex / Revenue | 25.5% | 0.4% |
| Cash ConversionOCF / Net Profit | 3.40× | 1.27× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $43.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $8.4M | ||
| Q3 25 | $15.5M | $16.6M | ||
| Q2 25 | $11.9M | $-803.0K | ||
| Q1 25 | $6.2M | $19.7M | ||
| Q4 24 | $65.8M | $-17.8M | ||
| Q3 24 | $18.8M | $3.0M | ||
| Q2 24 | $14.9M | $-2.7M | ||
| Q1 24 | $1.3M | $-4.6M |
| Q4 25 | $51.0M | $8.1M | ||
| Q3 25 | $12.5M | $16.4M | ||
| Q2 25 | $8.2M | $-969.0K | ||
| Q1 25 | $4.0M | $19.5M | ||
| Q4 24 | $58.6M | $-18.3M | ||
| Q3 24 | $16.9M | $2.3M | ||
| Q2 24 | $13.7M | $-3.1M | ||
| Q1 24 | $551.0K | $-4.7M |
| Q4 25 | 113.6% | 9.1% | ||
| Q3 25 | 28.2% | 22.9% | ||
| Q2 25 | 19.8% | -1.5% | ||
| Q1 25 | 9.3% | 40.8% | ||
| Q4 24 | 146.3% | -27.4% | ||
| Q3 24 | 41.5% | 4.8% | ||
| Q2 24 | 35.3% | -6.3% | ||
| Q1 24 | 1.5% | -13.6% |
| Q4 25 | 25.5% | 0.4% | ||
| Q3 25 | 6.7% | 0.3% | ||
| Q2 25 | 8.7% | 0.3% | ||
| Q1 25 | 5.0% | 0.4% | ||
| Q4 24 | 18.0% | 0.8% | ||
| Q3 24 | 4.5% | 1.2% | ||
| Q2 24 | 3.1% | 0.7% | ||
| Q1 24 | 2.1% | 0.3% |
| Q4 25 | 3.40× | 1.27× | ||
| Q3 25 | 0.86× | 16.26× | ||
| Q2 25 | 0.70× | -0.16× | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 3.75× | -2.62× | ||
| 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.
