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Side-by-side financial comparison of Bank First Corp (BFC) and Inogen Inc (INGN). Click either name above to swap in a different company.

Inogen Inc is the larger business by last-quarter revenue ($68.6M vs $44.9M, roughly 1.5× Bank First Corp). On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 3.4%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-1.9M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 4.2%).

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.

Inogen Inc is a medical technology firm specializing in the development, production and distribution of portable oxygen concentrators and associated respiratory care products. It caters primarily to patients with chronic respiratory conditions needing long-term oxygen therapy across North America, Europe and other global markets, focusing on home care and ambulatory patient segments to enhance users' quality of life.

BFC vs INGN — Head-to-Head

Bigger by revenue
INGN
INGN
1.5× larger
INGN
$68.6M
$44.9M
BFC
Growing faster (revenue YoY)
BFC
BFC
+8.7% gap
BFC
12.1%
3.4%
INGN
More free cash flow
BFC
BFC
$53.0M more FCF
BFC
$51.0M
$-1.9M
INGN
Faster 2-yr revenue CAGR
BFC
BFC
Annualised
BFC
9.1%
4.2%
INGN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFC
BFC
INGN
INGN
Revenue
$44.9M
$68.6M
Net Profit
$18.4M
Gross Margin
51.4%
Operating Margin
51.0%
-13.6%
Net Margin
45.8%
Revenue YoY
12.1%
3.4%
Net Profit YoY
4.8%
EPS (diluted)
$1.87
$-0.26

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.

Revenue
BFC
BFC
INGN
INGN
Q4 25
$44.9M
$68.6M
Q3 25
$44.2M
$79.1M
Q2 25
$41.6M
$79.2M
Q1 25
$43.1M
$68.5M
Q4 24
$40.1M
$66.3M
Q3 24
$40.8M
$74.9M
Q2 24
$38.9M
$74.4M
Q1 24
$37.7M
$63.1M
Net Profit
BFC
BFC
INGN
INGN
Q4 25
$18.4M
Q3 25
$18.0M
$-5.3M
Q2 25
$16.9M
$-4.2M
Q1 25
$18.2M
$-6.2M
Q4 24
$17.5M
Q3 24
$16.6M
$-6.0M
Q2 24
$16.1M
$-5.6M
Q1 24
$15.4M
$-14.6M
Gross Margin
BFC
BFC
INGN
INGN
Q4 25
51.4%
Q3 25
52.2%
Q2 25
52.2%
Q1 25
53.1%
Q4 24
54.7%
Q3 24
55.2%
Q2 24
57.4%
Q1 24
54.5%
Operating Margin
BFC
BFC
INGN
INGN
Q4 25
51.0%
-13.6%
Q3 25
50.8%
-9.0%
Q2 25
49.7%
-7.7%
Q1 25
51.3%
-11.2%
Q4 24
54.4%
-17.2%
Q3 24
50.7%
-10.4%
Q2 24
51.0%
-9.5%
Q1 24
45.6%
-25.8%
Net Margin
BFC
BFC
INGN
INGN
Q4 25
45.8%
Q3 25
40.7%
-6.7%
Q2 25
40.5%
-5.2%
Q1 25
42.3%
-9.0%
Q4 24
49.3%
Q3 24
40.6%
-8.0%
Q2 24
41.3%
-7.5%
Q1 24
40.8%
-23.1%
EPS (diluted)
BFC
BFC
INGN
INGN
Q4 25
$1.87
$-0.26
Q3 25
$1.83
$-0.20
Q2 25
$1.71
$-0.15
Q1 25
$1.82
$-0.25
Q4 24
$1.75
$-0.41
Q3 24
$1.65
$-0.25
Q2 24
$1.59
$-0.24
Q1 24
$1.51
$-0.62

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BFC
BFC
INGN
INGN
Cash + ST InvestmentsLiquidity on hand
$243.2M
$103.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$643.8M
$192.2M
Total Assets
$4.5B
$298.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
INGN
INGN
Q4 25
$243.2M
$103.7M
Q3 25
$126.2M
$106.5M
Q2 25
$120.3M
$103.7M
Q1 25
$300.9M
$118.9M
Q4 24
$261.3M
$113.8M
Q3 24
$204.4M
$105.7M
Q2 24
$99.0M
$97.9M
Q1 24
$83.4M
$107.4M
Stockholders' Equity
BFC
BFC
INGN
INGN
Q4 25
$643.8M
$192.2M
Q3 25
$628.1M
$197.2M
Q2 25
$612.3M
$199.5M
Q1 25
$648.4M
$198.0M
Q4 24
$639.7M
$173.9M
Q3 24
$628.9M
$185.4M
Q2 24
$614.6M
$187.6M
Q1 24
$609.3M
$191.9M
Total Assets
BFC
BFC
INGN
INGN
Q4 25
$4.5B
$298.6M
Q3 25
$4.4B
$307.0M
Q2 25
$4.4B
$312.0M
Q1 25
$4.5B
$308.4M
Q4 24
$4.5B
$296.2M
Q3 24
$4.3B
$306.2M
Q2 24
$4.1B
$308.9M
Q1 24
$4.1B
$315.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BFC
BFC
INGN
INGN
Operating Cash FlowLast quarter
$62.5M
$-943.0K
Free Cash FlowOCF − Capex
$51.0M
$-1.9M
FCF MarginFCF / Revenue
113.6%
-2.8%
Capex IntensityCapex / Revenue
25.5%
1.4%
Cash ConversionOCF / Net Profit
3.40×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$-13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
INGN
INGN
Q4 25
$62.5M
$-943.0K
Q3 25
$15.5M
$2.2M
Q2 25
$11.9M
$4.3M
Q1 25
$6.2M
$-16.8M
Q4 24
$65.8M
$-3.0M
Q3 24
$18.8M
$7.0M
Q2 24
$14.9M
$6.7M
Q1 24
$1.3M
$-4.7M
Free Cash Flow
BFC
BFC
INGN
INGN
Q4 25
$51.0M
$-1.9M
Q3 25
$12.5M
$1.6M
Q2 25
$8.2M
$3.7M
Q1 25
$4.0M
$-17.1M
Q4 24
$58.6M
$-3.3M
Q3 24
$16.9M
$5.3M
Q2 24
$13.7M
$6.6M
Q1 24
$551.0K
$-6.1M
FCF Margin
BFC
BFC
INGN
INGN
Q4 25
113.6%
-2.8%
Q3 25
28.2%
2.0%
Q2 25
19.8%
4.6%
Q1 25
9.3%
-24.9%
Q4 24
146.3%
-5.0%
Q3 24
41.5%
7.1%
Q2 24
35.3%
8.9%
Q1 24
1.5%
-9.6%
Capex Intensity
BFC
BFC
INGN
INGN
Q4 25
25.5%
1.4%
Q3 25
6.7%
0.7%
Q2 25
8.7%
0.9%
Q1 25
5.0%
0.4%
Q4 24
18.0%
0.5%
Q3 24
4.5%
2.2%
Q2 24
3.1%
0.1%
Q1 24
2.1%
2.1%
Cash Conversion
BFC
BFC
INGN
INGN
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
BFC

Segment breakdown not available.

INGN
INGN

Other$36.1M53%
Non Us$32.5M47%

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