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Side-by-side financial comparison of Bank First Corp (BFC) and HEALTHSTREAM INC (HSTM). Click either name above to swap in a different company.
HEALTHSTREAM INC is the larger business by last-quarter revenue ($79.7M vs $44.9M, roughly 1.8× Bank First Corp). On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 7.4%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $13.0M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 4.7%).
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.
HealthStream Inc is a leading U.S.-based provider of workforce development, compliance, and training solutions tailored for the healthcare industry. It offers cloud-based platforms covering clinical skill training, talent management, patient safety education, and regulatory adherence tools, serving over 4,000 healthcare organizations including hospitals, clinics, and long-term care facilities nationwide.
BFC vs HSTM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $79.7M |
| Net Profit | $18.4M | — |
| Gross Margin | — | — |
| Operating Margin | 51.0% | 3.0% |
| Net Margin | 45.8% | — |
| Revenue YoY | 12.1% | 7.4% |
| Net Profit YoY | 4.8% | — |
| EPS (diluted) | $1.87 | $0.09 |
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 | $79.7M | ||
| Q3 25 | $44.2M | $76.5M | ||
| Q2 25 | $41.6M | $74.4M | ||
| Q1 25 | $43.1M | $73.5M | ||
| Q4 24 | $40.1M | $74.2M | ||
| Q3 24 | $40.8M | $73.1M | ||
| Q2 24 | $38.9M | $71.6M | ||
| Q1 24 | $37.7M | $72.8M |
| Q4 25 | $18.4M | — | ||
| Q3 25 | $18.0M | $6.1M | ||
| Q2 25 | $16.9M | $5.4M | ||
| Q1 25 | $18.2M | $4.3M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $16.6M | $5.7M | ||
| Q2 24 | $16.1M | $4.2M | ||
| Q1 24 | $15.4M | $5.2M |
| Q4 25 | 51.0% | 3.0% | ||
| Q3 25 | 50.8% | 9.9% | ||
| Q2 25 | 49.7% | 7.9% | ||
| Q1 25 | 51.3% | 6.0% | ||
| Q4 24 | 54.4% | 6.3% | ||
| Q3 24 | 50.7% | 8.9% | ||
| Q2 24 | 51.0% | 6.2% | ||
| Q1 24 | 45.6% | 7.8% |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 40.7% | 8.0% | ||
| Q2 25 | 40.5% | 7.2% | ||
| Q1 25 | 42.3% | 5.9% | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 40.6% | 7.8% | ||
| Q2 24 | 41.3% | 5.8% | ||
| Q1 24 | 40.8% | 7.2% |
| Q4 25 | $1.87 | $0.09 | ||
| Q3 25 | $1.83 | $0.20 | ||
| Q2 25 | $1.71 | $0.18 | ||
| Q1 25 | $1.82 | $0.14 | ||
| Q4 24 | $1.75 | $0.16 | ||
| Q3 24 | $1.65 | $0.19 | ||
| Q2 24 | $1.59 | $0.14 | ||
| Q1 24 | $1.51 | $0.17 |
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 | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $354.0M |
| Total Assets | $4.5B | $520.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $36.2M | ||
| Q3 25 | $126.2M | $53.5M | ||
| Q2 25 | $120.3M | $52.1M | ||
| Q1 25 | $300.9M | $77.3M | ||
| Q4 24 | $261.3M | $59.5M | ||
| Q3 24 | $204.4M | $57.5M | ||
| Q2 24 | $99.0M | $46.1M | ||
| Q1 24 | $83.4M | $52.4M |
| Q4 25 | $643.8M | $354.0M | ||
| Q3 25 | $628.1M | $349.2M | ||
| Q2 25 | $612.3M | $350.6M | ||
| Q1 25 | $648.4M | $362.8M | ||
| Q4 24 | $639.7M | $359.4M | ||
| Q3 24 | $628.9M | $355.5M | ||
| Q2 24 | $614.6M | $349.2M | ||
| Q1 24 | $609.3M | $344.9M |
| Q4 25 | $4.5B | $520.4M | ||
| Q3 25 | $4.4B | $499.9M | ||
| Q2 25 | $4.4B | $500.1M | ||
| Q1 25 | $4.5B | $524.0M | ||
| Q4 24 | $4.5B | $510.8M | ||
| Q3 24 | $4.3B | $502.8M | ||
| Q2 24 | $4.1B | $499.6M | ||
| Q1 24 | $4.1B | $511.6M |
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 | $13.2M |
| Free Cash FlowOCF − Capex | $51.0M | $13.0M |
| FCF MarginFCF / Revenue | 113.6% | 16.3% |
| Capex IntensityCapex / Revenue | 25.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $59.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $13.2M | ||
| Q3 25 | $15.5M | $18.0M | ||
| Q2 25 | $11.9M | $5.0M | ||
| Q1 25 | $6.2M | $27.1M | ||
| Q4 24 | $65.8M | $11.2M | ||
| Q3 24 | $18.8M | $19.1M | ||
| Q2 24 | $14.9M | $6.5M | ||
| Q1 24 | $1.3M | $20.9M |
| Q4 25 | $51.0M | $13.0M | ||
| Q3 25 | $12.5M | $17.9M | ||
| Q2 25 | $8.2M | $2.7M | ||
| Q1 25 | $4.0M | $26.0M | ||
| Q4 24 | $58.6M | $11.0M | ||
| Q3 24 | $16.9M | $18.8M | ||
| Q2 24 | $13.7M | $6.3M | ||
| Q1 24 | $551.0K | $20.2M |
| Q4 25 | 113.6% | 16.3% | ||
| Q3 25 | 28.2% | 23.4% | ||
| Q2 25 | 19.8% | 3.6% | ||
| Q1 25 | 9.3% | 35.4% | ||
| Q4 24 | 146.3% | 14.8% | ||
| Q3 24 | 41.5% | 25.8% | ||
| Q2 24 | 35.3% | 8.8% | ||
| Q1 24 | 1.5% | 27.8% |
| Q4 25 | 25.5% | 0.3% | ||
| Q3 25 | 6.7% | 0.1% | ||
| Q2 25 | 8.7% | 3.1% | ||
| Q1 25 | 5.0% | 1.4% | ||
| Q4 24 | 18.0% | 0.3% | ||
| Q3 24 | 4.5% | 0.4% | ||
| Q2 24 | 3.1% | 0.2% | ||
| Q1 24 | 2.1% | 1.0% |
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | 2.96× | ||
| Q2 25 | 0.70× | 0.93× | ||
| Q1 25 | 0.34× | 6.25× | ||
| Q4 24 | 3.75× | — | ||
| Q3 24 | 1.13× | 3.34× | ||
| Q2 24 | 0.93× | 1.55× | ||
| Q1 24 | 0.09× | 4.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
HSTM
| Subscription Services | $77.0M | 97% |
| Professional Services | $2.7M | 3% |
