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Side-by-side financial comparison of Bank First Corp (BFC) and IonQ, Inc. (IONQ). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $44.9M, roughly 1.4× Bank First Corp). IonQ, Inc. runs the higher net margin — 1217.8% vs 45.8%, a 1172.0% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-83.3M).
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.
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
BFC vs IONQ — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $61.9M |
| Net Profit | $18.4M | $753.7M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | -369.4% |
| Net Margin | 45.8% | 1217.8% |
| Revenue YoY | 12.1% | 428.5% |
| Net Profit YoY | 4.8% | 473.1% |
| EPS (diluted) | $1.87 | $2.60 |
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 | $61.9M | ||
| Q3 25 | $44.2M | $39.9M | ||
| Q2 25 | $41.6M | $20.7M | ||
| Q1 25 | $43.1M | — | ||
| Q4 24 | $40.1M | $11.7M | ||
| Q3 24 | $40.8M | $12.4M | ||
| Q2 24 | $38.9M | $11.4M | ||
| Q1 24 | $37.7M | — |
| Q4 25 | $18.4M | $753.7M | ||
| Q3 25 | $18.0M | $-1.1B | ||
| Q2 25 | $16.9M | $-176.8M | ||
| Q1 25 | $18.2M | — | ||
| Q4 24 | $17.5M | $-202.0M | ||
| Q3 24 | $16.6M | $-52.5M | ||
| Q2 24 | $16.1M | $-37.6M | ||
| Q1 24 | $15.4M | — |
| Q4 25 | 51.0% | -369.4% | ||
| Q3 25 | 50.8% | -423.5% | ||
| Q2 25 | 49.7% | -776.0% | ||
| Q1 25 | 51.3% | — | ||
| Q4 24 | 54.4% | -661.9% | ||
| Q3 24 | 50.7% | -428.5% | ||
| Q2 24 | 51.0% | -430.0% | ||
| Q1 24 | 45.6% | — |
| Q4 25 | 45.8% | 1217.8% | ||
| Q3 25 | 40.7% | -2646.3% | ||
| Q2 25 | 40.5% | -854.5% | ||
| Q1 25 | 42.3% | — | ||
| Q4 24 | 49.3% | -1725.0% | ||
| Q3 24 | 40.6% | -423.4% | ||
| Q2 24 | 41.3% | -330.0% | ||
| Q1 24 | 40.8% | — |
| Q4 25 | $1.87 | $2.60 | ||
| Q3 25 | $1.83 | $-3.58 | ||
| Q2 25 | $1.71 | $-0.70 | ||
| Q1 25 | $1.82 | — | ||
| Q4 24 | $1.75 | $-0.95 | ||
| Q3 24 | $1.65 | $-0.24 | ||
| Q2 24 | $1.59 | $-0.18 | ||
| Q1 24 | $1.51 | — |
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 | $2.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $3.8B |
| Total Assets | $4.5B | $6.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $2.4B | ||
| Q3 25 | $126.2M | $1.1B | ||
| Q2 25 | $120.3M | $546.9M | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $261.3M | $340.3M | ||
| Q3 24 | $204.4M | $365.7M | ||
| Q2 24 | $99.0M | $369.8M | ||
| Q1 24 | $83.4M | — |
| Q4 25 | $643.8M | $3.8B | ||
| Q3 25 | $628.1M | $2.3B | ||
| Q2 25 | $612.3M | $1.2B | ||
| Q1 25 | $648.4M | — | ||
| Q4 24 | $639.7M | $383.9M | ||
| Q3 24 | $628.9M | $435.7M | ||
| Q2 24 | $614.6M | $463.3M | ||
| Q1 24 | $609.3M | — |
| Q4 25 | $4.5B | $6.6B | ||
| Q3 25 | $4.4B | $4.3B | ||
| Q2 25 | $4.4B | $1.3B | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $508.4M | ||
| Q3 24 | $4.3B | $497.9M | ||
| Q2 24 | $4.1B | $517.4M | ||
| Q1 24 | $4.1B | — |
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 | $-74.5M |
| Free Cash FlowOCF − Capex | $51.0M | $-83.3M |
| FCF MarginFCF / Revenue | 113.6% | -134.6% |
| Capex IntensityCapex / Revenue | 25.5% | 14.2% |
| Cash ConversionOCF / Net Profit | 3.40× | -0.10× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-307.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-74.5M | ||
| Q3 25 | $15.5M | $-123.1M | ||
| Q2 25 | $11.9M | $-52.6M | ||
| Q1 25 | $6.2M | — | ||
| Q4 24 | $65.8M | $-39.4M | ||
| Q3 24 | $18.8M | $-19.2M | ||
| Q2 24 | $14.9M | $-26.6M | ||
| Q1 24 | $1.3M | — |
| Q4 25 | $51.0M | $-83.3M | ||
| Q3 25 | $12.5M | $-127.2M | ||
| Q2 25 | $8.2M | $-53.8M | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $58.6M | $-43.0M | ||
| Q3 24 | $16.9M | $-23.0M | ||
| Q2 24 | $13.7M | $-34.1M | ||
| Q1 24 | $551.0K | — |
| Q4 25 | 113.6% | -134.6% | ||
| Q3 25 | 28.2% | -319.1% | ||
| Q2 25 | 19.8% | -259.8% | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 146.3% | -367.4% | ||
| Q3 24 | 41.5% | -185.3% | ||
| Q2 24 | 35.3% | -299.3% | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 25.5% | 14.2% | ||
| Q3 25 | 6.7% | 10.4% | ||
| Q2 25 | 8.7% | 5.8% | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 18.0% | 30.7% | ||
| Q3 24 | 4.5% | 30.4% | ||
| Q2 24 | 3.1% | 65.8% | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 3.40× | -0.10× | ||
| 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.
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
