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Side-by-side financial comparison of Bank First Corp (BFC) and iQSTEL Inc (IQST). Click either name above to swap in a different company.
iQSTEL Inc is the larger business by last-quarter revenue ($84.2M vs $44.9M, roughly 1.9× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -3.2%, a 49.0% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -14.9%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-1.2M). Over the past eight quarters, iQSTEL Inc's revenue compounded faster (28.0% 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.
iQSTEL Inc is a technology holding company operating three core segments: telecommunications, Internet of Things (IoT), and fintech. It offers connectivity services, smart IoT monitoring solutions, and digital financial tools, mainly serving small and medium-sized enterprises and retail customers in North and South American markets.
BFC vs IQST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $84.2M |
| Net Profit | $18.4M | $-2.7M |
| Gross Margin | — | 3.5% |
| Operating Margin | 51.0% | -2.9% |
| Net Margin | 45.8% | -3.2% |
| Revenue YoY | 12.1% | -14.9% |
| Net Profit YoY | 4.8% | -44.5% |
| EPS (diluted) | $1.87 | $-0.92 |
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 | $84.2M | ||
| Q3 25 | $44.2M | $102.9M | ||
| Q2 25 | $41.6M | $72.2M | ||
| Q1 25 | $43.1M | $57.6M | ||
| Q4 24 | $40.1M | $98.9M | ||
| Q3 24 | $40.8M | $54.2M | ||
| Q2 24 | $38.9M | $78.6M | ||
| Q1 24 | $37.7M | $51.4M |
| Q4 25 | $18.4M | $-2.7M | ||
| Q3 25 | $18.0M | $-2.3M | ||
| Q2 25 | $16.9M | $-2.3M | ||
| Q1 25 | $18.2M | $-1.1M | ||
| Q4 24 | $17.5M | $-1.9M | ||
| Q3 24 | $16.6M | $-773.0K | ||
| Q2 24 | $16.1M | $-2.0M | ||
| Q1 24 | $15.4M | $-580.2K |
| Q4 25 | — | 3.5% | ||
| Q3 25 | — | 2.7% | ||
| Q2 25 | — | 2.6% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 3.7% | ||
| Q2 24 | — | 2.8% | ||
| Q1 24 | — | 2.7% |
| Q4 25 | 51.0% | -2.9% | ||
| Q3 25 | 50.8% | -0.5% | ||
| Q2 25 | 49.7% | -0.9% | ||
| Q1 25 | 51.3% | -1.0% | ||
| Q4 24 | 54.4% | -0.3% | ||
| Q3 24 | 50.7% | -0.1% | ||
| Q2 24 | 51.0% | -0.4% | ||
| Q1 24 | 45.6% | -0.4% |
| Q4 25 | 45.8% | -3.2% | ||
| Q3 25 | 40.7% | -2.3% | ||
| Q2 25 | 40.5% | -3.3% | ||
| Q1 25 | 42.3% | -2.0% | ||
| Q4 24 | 49.3% | -1.9% | ||
| Q3 24 | 40.6% | -1.4% | ||
| Q2 24 | 41.3% | -2.5% | ||
| Q1 24 | 40.8% | -1.1% |
| Q4 25 | $1.87 | $-0.92 | ||
| Q3 25 | $1.83 | $-0.68 | ||
| Q2 25 | $1.71 | $-0.82 | ||
| Q1 25 | $1.82 | $-0.44 | ||
| Q4 24 | $1.75 | $-1.19 | ||
| Q3 24 | $1.65 | $-0.40 | ||
| Q2 24 | $1.59 | $-0.90 | ||
| Q1 24 | $1.51 | $-0.37 |
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 | $2.2M |
| Total DebtLower is stronger | — | $4.1M |
| Stockholders' EquityBook value | $643.8M | $16.3M |
| Total Assets | $4.5B | $51.1M |
| Debt / EquityLower = less leverage | — | 0.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $2.2M | ||
| Q3 25 | $126.2M | $2.3M | ||
| Q2 25 | $120.3M | $2.0M | ||
| Q1 25 | $300.9M | $1.1M | ||
| Q4 24 | $261.3M | $2.5M | ||
| Q3 24 | $204.4M | $2.1M | ||
| Q2 24 | $99.0M | $797.2K | ||
| Q1 24 | $83.4M | $2.7M |
| Q4 25 | — | $4.1M | ||
| Q3 25 | — | $2.7M | ||
| Q2 25 | — | $4.5M | ||
| Q1 25 | — | $3.5M | ||
| Q4 24 | — | $2.5M | ||
| Q3 24 | — | $3.2M | ||
| Q2 24 | — | $2.5M | ||
| Q1 24 | — | $194.0K |
| Q4 25 | $643.8M | $16.3M | ||
| Q3 25 | $628.1M | $17.9M | ||
| Q2 25 | $612.3M | $14.3M | ||
| Q1 25 | $648.4M | $11.6M | ||
| Q4 24 | $639.7M | $11.9M | ||
| Q3 24 | $628.9M | $8.1M | ||
| Q2 24 | $614.6M | $7.6M | ||
| Q1 24 | $609.3M | $8.4M |
| Q4 25 | $4.5B | $51.1M | ||
| Q3 25 | $4.4B | $46.9M | ||
| Q2 25 | $4.4B | $51.4M | ||
| Q1 25 | $4.5B | $42.0M | ||
| Q4 24 | $4.5B | $79.0M | ||
| Q3 24 | $4.3B | $32.4M | ||
| Q2 24 | $4.1B | $30.0M | ||
| Q1 24 | $4.1B | $22.1M |
| Q4 25 | — | 0.25× | ||
| Q3 25 | — | 0.15× | ||
| Q2 25 | — | 0.31× | ||
| Q1 25 | — | 0.31× | ||
| Q4 24 | — | 0.21× | ||
| Q3 24 | — | 0.40× | ||
| Q2 24 | — | 0.34× | ||
| Q1 24 | — | 0.02× |
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 | $-1.2M |
| Free Cash FlowOCF − Capex | $51.0M | $-1.2M |
| FCF MarginFCF / Revenue | 113.6% | -1.5% |
| Capex IntensityCapex / Revenue | 25.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-4.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-1.2M | ||
| Q3 25 | $15.5M | $-953.0K | ||
| Q2 25 | $11.9M | $257.7K | ||
| Q1 25 | $6.2M | $-1.9M | ||
| Q4 24 | $65.8M | $-403.7K | ||
| Q3 24 | $18.8M | $625.0K | ||
| Q2 24 | $14.9M | $-2.6M | ||
| Q1 24 | $1.3M | $-536.9K |
| Q4 25 | $51.0M | $-1.2M | ||
| Q3 25 | $12.5M | $-969.2K | ||
| Q2 25 | $8.2M | $211.7K | ||
| Q1 25 | $4.0M | $-2.0M | ||
| Q4 24 | $58.6M | $-421.3K | ||
| Q3 24 | $16.9M | $594.5K | ||
| Q2 24 | $13.7M | $-2.6M | ||
| Q1 24 | $551.0K | $-608.5K |
| Q4 25 | 113.6% | -1.5% | ||
| Q3 25 | 28.2% | -0.9% | ||
| Q2 25 | 19.8% | 0.3% | ||
| Q1 25 | 9.3% | -3.4% | ||
| Q4 24 | 146.3% | -0.4% | ||
| Q3 24 | 41.5% | 1.1% | ||
| Q2 24 | 35.3% | -3.4% | ||
| Q1 24 | 1.5% | -1.2% |
| Q4 25 | 25.5% | 0.0% | ||
| Q3 25 | 6.7% | 0.0% | ||
| Q2 25 | 8.7% | 0.1% | ||
| Q1 25 | 5.0% | 0.1% | ||
| Q4 24 | 18.0% | 0.0% | ||
| Q3 24 | 4.5% | 0.1% | ||
| Q2 24 | 3.1% | 0.0% | ||
| Q1 24 | 2.1% | 0.1% |
| 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.
IQST
| USA | $53.2M | 63% |
| Other | $29.9M | 35% |
| Switzerland | $1.1M | 1% |
