vs
Side-by-side financial comparison of Bank First Corp (BFC) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.
indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $44.9M, roughly 1.3× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -53.8%, a 99.6% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -0.0%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-16.1M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 5.3%).
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.
indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.
BFC vs INDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $58.0M |
| Net Profit | $18.4M | $-31.2M |
| Gross Margin | — | 37.3% |
| Operating Margin | 51.0% | -58.5% |
| Net Margin | 45.8% | -53.8% |
| Revenue YoY | 12.1% | -0.0% |
| Net Profit YoY | 4.8% | 9.1% |
| EPS (diluted) | $1.87 | $-0.16 |
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 | $58.0M | ||
| Q3 25 | $44.2M | $53.7M | ||
| Q2 25 | $41.6M | $51.6M | ||
| Q1 25 | $43.1M | $54.1M | ||
| Q4 24 | $40.1M | $58.0M | ||
| Q3 24 | $40.8M | $54.0M | ||
| Q2 24 | $38.9M | $52.4M | ||
| Q1 24 | $37.7M | $52.4M |
| Q4 25 | $18.4M | $-31.2M | ||
| Q3 25 | $18.0M | $-38.3M | ||
| Q2 25 | $16.9M | $-39.0M | ||
| Q1 25 | $18.2M | $-34.5M | ||
| Q4 24 | $17.5M | $-34.4M | ||
| Q3 24 | $16.6M | $-49.7M | ||
| Q2 24 | $16.1M | $-19.2M | ||
| Q1 24 | $15.4M | $-31.2M |
| Q4 25 | — | 37.3% | ||
| Q3 25 | — | 40.1% | ||
| Q2 25 | — | 40.6% | ||
| Q1 25 | — | 41.7% | ||
| Q4 24 | — | 42.6% | ||
| Q3 24 | — | 39.3% | ||
| Q2 24 | — | 42.2% | ||
| Q1 24 | — | 42.5% |
| Q4 25 | 51.0% | -58.5% | ||
| Q3 25 | 50.8% | -71.4% | ||
| Q2 25 | 49.7% | -83.3% | ||
| Q1 25 | 51.3% | -72.0% | ||
| Q4 24 | 54.4% | -58.4% | ||
| Q3 24 | 50.7% | -92.5% | ||
| Q2 24 | 51.0% | -70.0% | ||
| Q1 24 | 45.6% | -94.8% |
| Q4 25 | 45.8% | -53.8% | ||
| Q3 25 | 40.7% | -71.3% | ||
| Q2 25 | 40.5% | -75.6% | ||
| Q1 25 | 42.3% | -63.9% | ||
| Q4 24 | 49.3% | -59.2% | ||
| Q3 24 | 40.6% | -92.1% | ||
| Q2 24 | 41.3% | -36.6% | ||
| Q1 24 | 40.8% | -59.6% |
| Q4 25 | $1.87 | $-0.16 | ||
| Q3 25 | $1.83 | $-0.19 | ||
| Q2 25 | $1.71 | $-0.20 | ||
| Q1 25 | $1.82 | $-0.18 | ||
| Q4 24 | $1.75 | $-0.18 | ||
| Q3 24 | $1.65 | $-0.28 | ||
| Q2 24 | $1.59 | $-0.11 | ||
| Q1 24 | $1.51 | $-0.19 |
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 | $145.5M |
| Total DebtLower is stronger | — | $353.4M |
| Stockholders' EquityBook value | $643.8M | $358.0M |
| Total Assets | $4.5B | $840.8M |
| Debt / EquityLower = less leverage | — | 0.99× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $145.5M | ||
| Q3 25 | $126.2M | $160.9M | ||
| Q2 25 | $120.3M | $192.6M | ||
| Q1 25 | $300.9M | $236.6M | ||
| Q4 24 | $261.3M | $274.2M | ||
| Q3 24 | $204.4M | $96.9M | ||
| Q2 24 | $99.0M | $112.3M | ||
| Q1 24 | $83.4M | $138.2M |
| Q4 25 | — | $353.4M | ||
| Q3 25 | — | $353.5M | ||
| Q2 25 | — | $352.5M | ||
| Q1 25 | — | $379.0M | ||
| Q4 24 | — | $381.3M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $643.8M | $358.0M | ||
| Q3 25 | $628.1M | $369.2M | ||
| Q2 25 | $612.3M | $390.4M | ||
| Q1 25 | $648.4M | $405.6M | ||
| Q4 24 | $639.7M | $417.9M | ||
| Q3 24 | $628.9M | $458.6M | ||
| Q2 24 | $614.6M | $470.7M | ||
| Q1 24 | $609.3M | $432.9M |
| Q4 25 | $4.5B | $840.8M | ||
| Q3 25 | $4.4B | $855.1M | ||
| Q2 25 | $4.4B | $867.6M | ||
| Q1 25 | $4.5B | $909.0M | ||
| Q4 24 | $4.5B | $941.4M | ||
| Q3 24 | $4.3B | $797.5M | ||
| Q2 24 | $4.1B | $797.3M | ||
| Q1 24 | $4.1B | $803.6M |
| Q4 25 | — | 0.99× | ||
| Q3 25 | — | 0.96× | ||
| Q2 25 | — | 0.90× | ||
| Q1 25 | — | 0.93× | ||
| Q4 24 | — | 0.91× | ||
| 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 | $-14.4M |
| Free Cash FlowOCF − Capex | $51.0M | $-16.1M |
| FCF MarginFCF / Revenue | 113.6% | -27.8% |
| Capex IntensityCapex / Revenue | 25.5% | 3.0% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-71.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-14.4M | ||
| Q3 25 | $15.5M | $-6.2M | ||
| Q2 25 | $11.9M | $-7.6M | ||
| Q1 25 | $6.2M | $-29.0M | ||
| Q4 24 | $65.8M | $-6.7M | ||
| Q3 24 | $18.8M | $-22.8M | ||
| Q2 24 | $14.9M | $-19.7M | ||
| Q1 24 | $1.3M | $-9.3M |
| Q4 25 | $51.0M | $-16.1M | ||
| Q3 25 | $12.5M | $-10.3M | ||
| Q2 25 | $8.2M | $-13.6M | ||
| Q1 25 | $4.0M | $-31.4M | ||
| Q4 24 | $58.6M | $-8.6M | ||
| Q3 24 | $16.9M | $-29.3M | ||
| Q2 24 | $13.7M | $-23.4M | ||
| Q1 24 | $551.0K | $-11.7M |
| Q4 25 | 113.6% | -27.8% | ||
| Q3 25 | 28.2% | -19.2% | ||
| Q2 25 | 19.8% | -26.4% | ||
| Q1 25 | 9.3% | -58.0% | ||
| Q4 24 | 146.3% | -14.8% | ||
| Q3 24 | 41.5% | -54.3% | ||
| Q2 24 | 35.3% | -44.7% | ||
| Q1 24 | 1.5% | -22.3% |
| Q4 25 | 25.5% | 3.0% | ||
| Q3 25 | 6.7% | 7.8% | ||
| Q2 25 | 8.7% | 11.6% | ||
| Q1 25 | 5.0% | 4.4% | ||
| Q4 24 | 18.0% | 3.2% | ||
| Q3 24 | 4.5% | 12.1% | ||
| Q2 24 | 3.1% | 7.0% | ||
| Q1 24 | 2.1% | 4.4% |
| 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.
INDI
| Products | $55.7M | 96% |
| Services | $2.3M | 4% |
