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

INSEEGO CORP. is the larger business by last-quarter revenue ($48.4M vs $44.9M, roughly 1.1× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 1.0%, a 44.8% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 0.6%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $11.6M). Over the past eight quarters, INSEEGO CORP.'s revenue compounded faster (13.6% 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.

Inseego Corp designs, manufactures and delivers advanced 5G and IoT solutions including mobile hotspots, edge computing devices, and cloud-based device management platforms. It primarily serves telecom operators, enterprise clients, and public sector customers across global markets.

BFC vs INSG — Head-to-Head

Bigger by revenue
INSG
INSG
1.1× larger
INSG
$48.4M
$44.9M
BFC
Growing faster (revenue YoY)
BFC
BFC
+11.5% gap
BFC
12.1%
0.6%
INSG
Higher net margin
BFC
BFC
44.8% more per $
BFC
45.8%
1.0%
INSG
More free cash flow
BFC
BFC
$39.4M more FCF
BFC
$51.0M
$11.6M
INSG
Faster 2-yr revenue CAGR
INSG
INSG
Annualised
INSG
13.6%
9.1%
BFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFC
BFC
INSG
INSG
Revenue
$44.9M
$48.4M
Net Profit
$18.4M
$469.0K
Gross Margin
42.2%
Operating Margin
51.0%
2.7%
Net Margin
45.8%
1.0%
Revenue YoY
12.1%
0.6%
Net Profit YoY
4.8%
182.9%
EPS (diluted)
$1.87
$-0.02

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
INSG
INSG
Q4 25
$44.9M
$48.4M
Q3 25
$44.2M
$45.9M
Q2 25
$41.6M
$40.2M
Q1 25
$43.1M
$31.7M
Q4 24
$40.1M
$48.1M
Q3 24
$40.8M
$54.0M
Q2 24
$38.9M
$51.6M
Q1 24
$37.7M
$37.5M
Net Profit
BFC
BFC
INSG
INSG
Q4 25
$18.4M
$469.0K
Q3 25
$18.0M
$1.4M
Q2 25
$16.9M
$507.0K
Q1 25
$18.2M
$-1.6M
Q4 24
$17.5M
$-566.0K
Q3 24
$16.6M
$9.0M
Q2 24
$16.1M
$624.0K
Q1 24
$15.4M
$-4.5M
Gross Margin
BFC
BFC
INSG
INSG
Q4 25
42.2%
Q3 25
41.6%
Q2 25
41.1%
Q1 25
47.3%
Q4 24
37.3%
Q3 24
34.8%
Q2 24
36.4%
Q1 24
35.3%
Operating Margin
BFC
BFC
INSG
INSG
Q4 25
51.0%
2.7%
Q3 25
50.8%
4.7%
Q2 25
49.7%
3.2%
Q1 25
51.3%
-1.3%
Q4 24
54.4%
3.7%
Q3 24
50.7%
1.9%
Q2 24
51.0%
3.6%
Q1 24
45.6%
-7.9%
Net Margin
BFC
BFC
INSG
INSG
Q4 25
45.8%
1.0%
Q3 25
40.7%
3.1%
Q2 25
40.5%
1.3%
Q1 25
42.3%
-5.0%
Q4 24
49.3%
-1.2%
Q3 24
40.6%
16.6%
Q2 24
41.3%
1.2%
Q1 24
40.8%
-11.9%
EPS (diluted)
BFC
BFC
INSG
INSG
Q4 25
$1.87
$-0.02
Q3 25
$1.83
$0.03
Q2 25
$1.71
$-0.03
Q1 25
$1.82
$-0.16
Q4 24
$1.75
$0.62
Q3 24
$1.65
$-0.06
Q2 24
$1.59
$-0.02
Q1 24
$1.51
$-0.44

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
INSG
INSG
Cash + ST InvestmentsLiquidity on hand
$243.2M
$24.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$643.8M
$-4.0M
Total Assets
$4.5B
$93.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
INSG
INSG
Q4 25
$243.2M
$24.9M
Q3 25
$126.2M
$14.6M
Q2 25
$120.3M
$13.2M
Q1 25
$300.9M
$35.1M
Q4 24
$261.3M
$39.6M
Q3 24
$204.4M
$12.0M
Q2 24
$99.0M
$49.0M
Q1 24
$83.4M
$12.3M
Stockholders' Equity
BFC
BFC
INSG
INSG
Q4 25
$643.8M
$-4.0M
Q3 25
$628.1M
$-7.7M
Q2 25
$612.3M
$-10.5M
Q1 25
$648.4M
$-13.0M
Q4 24
$639.7M
$-12.9M
Q3 24
$628.9M
$-85.1M
Q2 24
$614.6M
$-101.8M
Q1 24
$609.3M
$-105.6M
Total Assets
BFC
BFC
INSG
INSG
Q4 25
$4.5B
$93.8M
Q3 25
$4.4B
$85.8M
Q2 25
$4.4B
$83.1M
Q1 25
$4.5B
$93.0M
Q4 24
$4.5B
$100.0M
Q3 24
$4.3B
$113.4M
Q2 24
$4.1B
$149.6M
Q1 24
$4.1B
$122.1M

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
INSG
INSG
Operating Cash FlowLast quarter
$62.5M
$12.0M
Free Cash FlowOCF − Capex
$51.0M
$11.6M
FCF MarginFCF / Revenue
113.6%
24.0%
Capex IntensityCapex / Revenue
25.5%
0.7%
Cash ConversionOCF / Net Profit
3.40×
25.50×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$6.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
INSG
INSG
Q4 25
$62.5M
$12.0M
Q3 25
$15.5M
$3.2M
Q2 25
$11.9M
$-4.5M
Q1 25
$6.2M
$-3.5M
Q4 24
$65.8M
$-14.2M
Q3 24
$18.8M
$14.8M
Q2 24
$14.9M
$27.6M
Q1 24
$1.3M
$5.2M
Free Cash Flow
BFC
BFC
INSG
INSG
Q4 25
$51.0M
$11.6M
Q3 25
$12.5M
$3.1M
Q2 25
$8.2M
$-4.7M
Q1 25
$4.0M
$-3.5M
Q4 24
$58.6M
$-14.3M
Q3 24
$16.9M
$14.8M
Q2 24
$13.7M
$27.6M
Q1 24
$551.0K
FCF Margin
BFC
BFC
INSG
INSG
Q4 25
113.6%
24.0%
Q3 25
28.2%
6.7%
Q2 25
19.8%
-11.6%
Q1 25
9.3%
-11.0%
Q4 24
146.3%
-29.7%
Q3 24
41.5%
27.4%
Q2 24
35.3%
53.5%
Q1 24
1.5%
Capex Intensity
BFC
BFC
INSG
INSG
Q4 25
25.5%
0.7%
Q3 25
6.7%
0.2%
Q2 25
8.7%
0.5%
Q1 25
5.0%
0.1%
Q4 24
18.0%
0.1%
Q3 24
4.5%
0.0%
Q2 24
3.1%
0.0%
Q1 24
2.1%
0.0%
Cash Conversion
BFC
BFC
INSG
INSG
Q4 25
3.40×
25.50×
Q3 25
0.86×
2.22×
Q2 25
0.70×
-8.81×
Q1 25
0.34×
Q4 24
3.75×
Q3 24
1.13×
1.65×
Q2 24
0.93×
44.31×
Q1 24
0.09×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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