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Side-by-side financial comparison of Bank First Corp (BFC) and IT TECH PACKAGING, INC. (ITP). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $25.6M, roughly 1.8× IT TECH PACKAGING, INC.). Bank First Corp runs the higher net margin — 45.8% vs -5.7%, a 51.4% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 2.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $1.5M). Over the past eight quarters, IT TECH PACKAGING, INC.'s revenue compounded faster (10.5% 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.
IT TECH PACKAGING, INC. is a paper manufacturing enterprise primarily operating in China. It produces and distributes a diverse portfolio of paper products including corrugated packaging paper, boxboard, and printing-use cultural paper, serving sectors such as consumer goods packaging, logistics, and commercial printing across its core market.
BFC vs ITP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $25.6M |
| Net Profit | $18.4M | $-1.4M |
| Gross Margin | — | 7.9% |
| Operating Margin | 51.0% | -3.9% |
| Net Margin | 45.8% | -5.7% |
| Revenue YoY | 12.1% | 2.1% |
| Net Profit YoY | 4.8% | 26.6% |
| EPS (diluted) | $1.87 | $-0.11 |
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 | — | ||
| Q3 25 | $44.2M | $25.6M | ||
| Q2 25 | $41.6M | $24.8M | ||
| Q1 25 | $43.1M | $10.9M | ||
| Q4 24 | $40.1M | $17.6M | ||
| Q3 24 | $40.8M | $25.1M | ||
| Q2 24 | $38.9M | $26.2M | ||
| Q1 24 | $37.7M | $6.9M |
| Q4 25 | $18.4M | — | ||
| Q3 25 | $18.0M | $-1.4M | ||
| Q2 25 | $16.9M | $-2.0M | ||
| Q1 25 | $18.2M | $-3.5M | ||
| Q4 24 | $17.5M | $-4.0M | ||
| Q3 24 | $16.6M | $-2.0M | ||
| Q2 24 | $16.1M | $-77.7K | ||
| Q1 24 | $15.4M | $-3.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | 7.9% | ||
| Q2 25 | — | 5.1% | ||
| Q1 25 | — | 0.8% | ||
| Q4 24 | — | 6.3% | ||
| Q3 24 | — | 7.6% | ||
| Q2 24 | — | 12.4% | ||
| Q1 24 | — | 5.8% |
| Q4 25 | 51.0% | — | ||
| Q3 25 | 50.8% | -3.9% | ||
| Q2 25 | 49.7% | -7.1% | ||
| Q1 25 | 51.3% | -31.0% | ||
| Q4 24 | 54.4% | -21.5% | ||
| Q3 24 | 50.7% | -5.8% | ||
| Q2 24 | 51.0% | 2.1% | ||
| Q1 24 | 45.6% | -51.0% |
| Q4 25 | 45.8% | — | ||
| Q3 25 | 40.7% | -5.7% | ||
| Q2 25 | 40.5% | -7.9% | ||
| Q1 25 | 42.3% | -32.2% | ||
| Q4 24 | 49.3% | -22.9% | ||
| Q3 24 | 40.6% | -7.9% | ||
| Q2 24 | 41.3% | -0.3% | ||
| Q1 24 | 40.8% | -54.6% |
| Q4 25 | $1.87 | — | ||
| Q3 25 | $1.83 | $-0.11 | ||
| Q2 25 | $1.71 | $-0.16 | ||
| Q1 25 | $1.82 | $-0.35 | ||
| Q4 24 | $1.75 | $-0.40 | ||
| Q3 24 | $1.65 | $-0.20 | ||
| Q2 24 | $1.59 | $-0.01 | ||
| 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 | — |
| Total DebtLower is stronger | — | $4.7M |
| Stockholders' EquityBook value | $643.8M | $152.0M |
| Total Assets | $4.5B | $175.7M |
| Debt / EquityLower = less leverage | — | 0.03× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | — | ||
| Q3 25 | $126.2M | — | ||
| Q2 25 | $120.3M | — | ||
| Q1 25 | $300.9M | — | ||
| Q4 24 | $261.3M | — | ||
| Q3 24 | $204.4M | — | ||
| Q2 24 | $99.0M | — | ||
| Q1 24 | $83.4M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $4.7M | ||
| Q1 25 | — | $4.7M | ||
| Q4 24 | — | $4.7M | ||
| Q3 24 | — | $8.9M | ||
| Q2 24 | — | $11.3M | ||
| Q1 24 | — | $11.4M |
| Q4 25 | $643.8M | — | ||
| Q3 25 | $628.1M | $152.0M | ||
| Q2 25 | $612.3M | $152.3M | ||
| Q1 25 | $648.4M | $152.8M | ||
| Q4 24 | $639.7M | $156.1M | ||
| Q3 24 | $628.9M | $164.3M | ||
| Q2 24 | $614.6M | $163.5M | ||
| Q1 24 | $609.3M | $164.3M |
| Q4 25 | $4.5B | — | ||
| Q3 25 | $4.4B | $175.7M | ||
| Q2 25 | $4.4B | $175.2M | ||
| Q1 25 | $4.5B | $175.2M | ||
| Q4 24 | $4.5B | $177.5M | ||
| Q3 24 | $4.3B | $190.0M | ||
| Q2 24 | $4.1B | $191.4M | ||
| Q1 24 | $4.1B | $177.5M |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.03× | ||
| Q4 24 | — | 0.03× | ||
| Q3 24 | — | 0.05× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.07× |
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 | $1.5M |
| Free Cash FlowOCF − Capex | $51.0M | $1.5M |
| FCF MarginFCF / Revenue | 113.6% | 5.9% |
| Capex IntensityCapex / Revenue | 25.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $3.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | — | ||
| Q3 25 | $15.5M | $1.5M | ||
| Q2 25 | $11.9M | $1.4M | ||
| Q1 25 | $6.2M | $-2.5M | ||
| Q4 24 | $65.8M | $3.5M | ||
| Q3 24 | $18.8M | $1.5M | ||
| Q2 24 | $14.9M | $721.9K | ||
| Q1 24 | $1.3M | $624.4K |
| Q4 25 | $51.0M | — | ||
| Q3 25 | $12.5M | $1.5M | ||
| Q2 25 | $8.2M | $1.3M | ||
| Q1 25 | $4.0M | $-2.5M | ||
| Q4 24 | $58.6M | $3.5M | ||
| Q3 24 | $16.9M | $1.2M | ||
| Q2 24 | $13.7M | $668.3K | ||
| Q1 24 | $551.0K | $615.4K |
| Q4 25 | 113.6% | — | ||
| Q3 25 | 28.2% | 5.9% | ||
| Q2 25 | 19.8% | 5.4% | ||
| Q1 25 | 9.3% | -22.8% | ||
| Q4 24 | 146.3% | 19.6% | ||
| Q3 24 | 41.5% | 4.9% | ||
| Q2 24 | 35.3% | 2.5% | ||
| Q1 24 | 1.5% | 9.0% |
| Q4 25 | 25.5% | — | ||
| Q3 25 | 6.7% | 0.0% | ||
| Q2 25 | 8.7% | 0.1% | ||
| Q1 25 | 5.0% | 0.1% | ||
| Q4 24 | 18.0% | 0.1% | ||
| Q3 24 | 4.5% | 1.0% | ||
| Q2 24 | 3.1% | 0.2% | ||
| 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.
