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Side-by-side financial comparison of Bank First Corp (BFC) and CS Disco, Inc. (LAW). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $41.2M, roughly 1.1× CS Disco, Inc.). Bank First Corp runs the higher net margin — 45.8% vs -20.7%, a 66.4% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 11.3%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $255.0K). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 7.6%).
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.
CS Disco, Inc. is a leading legal technology provider that develops cloud-based software solutions for legal practitioners. Its core offerings include e-discovery, document review, case management, and legal workflow automation tools, serving law firms, corporate legal teams, and government legal departments primarily in North America.
BFC vs LAW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $41.2M |
| Net Profit | $18.4M | $-8.5M |
| Gross Margin | — | 75.1% |
| Operating Margin | 51.0% | -22.4% |
| Net Margin | 45.8% | -20.7% |
| Revenue YoY | 12.1% | 11.3% |
| Net Profit YoY | 4.8% | 66.3% |
| EPS (diluted) | $1.87 | $-0.13 |
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 | $41.2M | ||
| Q3 25 | $44.2M | $40.9M | ||
| Q2 25 | $41.6M | $38.1M | ||
| Q1 25 | $43.1M | $36.7M | ||
| Q4 24 | $40.1M | $37.0M | ||
| Q3 24 | $40.8M | $36.3M | ||
| Q2 24 | $38.9M | $36.0M | ||
| Q1 24 | $37.7M | $35.6M |
| Q4 25 | $18.4M | $-8.5M | ||
| Q3 25 | $18.0M | $-13.7M | ||
| Q2 25 | $16.9M | $-10.8M | ||
| Q1 25 | $18.2M | $-11.4M | ||
| Q4 24 | $17.5M | $-25.2M | ||
| Q3 24 | $16.6M | $-9.2M | ||
| Q2 24 | $16.1M | $-10.8M | ||
| Q1 24 | $15.4M | $-10.6M |
| Q4 25 | — | 75.1% | ||
| Q3 25 | — | 75.5% | ||
| Q2 25 | — | 74.6% | ||
| Q1 25 | — | 74.1% | ||
| Q4 24 | — | 74.2% | ||
| Q3 24 | — | 73.1% | ||
| Q2 24 | — | 74.2% | ||
| Q1 24 | — | 75.1% |
| Q4 25 | 51.0% | -22.4% | ||
| Q3 25 | 50.8% | -35.3% | ||
| Q2 25 | 49.7% | -31.0% | ||
| Q1 25 | 51.3% | -34.4% | ||
| Q4 24 | 54.4% | -70.6% | ||
| Q3 24 | 50.7% | -30.0% | ||
| Q2 24 | 51.0% | -34.4% | ||
| Q1 24 | 45.6% | -34.7% |
| Q4 25 | 45.8% | -20.7% | ||
| Q3 25 | 40.7% | -33.4% | ||
| Q2 25 | 40.5% | -28.4% | ||
| Q1 25 | 42.3% | -31.1% | ||
| Q4 24 | 49.3% | -68.1% | ||
| Q3 24 | 40.6% | -25.3% | ||
| Q2 24 | 41.3% | -30.1% | ||
| Q1 24 | 40.8% | -29.7% |
| Q4 25 | $1.87 | $-0.13 | ||
| Q3 25 | $1.83 | $-0.22 | ||
| Q2 25 | $1.71 | $-0.18 | ||
| Q1 25 | $1.82 | $-0.19 | ||
| Q4 24 | $1.75 | $-0.43 | ||
| Q3 24 | $1.65 | $-0.15 | ||
| Q2 24 | $1.59 | $-0.18 | ||
| Q1 24 | $1.51 | $-0.17 |
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 | $114.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $128.1M |
| Total Assets | $4.5B | $173.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $114.6M | ||
| Q3 25 | $126.2M | $113.5M | ||
| Q2 25 | $120.3M | $114.5M | ||
| Q1 25 | $300.9M | $118.8M | ||
| Q4 24 | $261.3M | $129.1M | ||
| Q3 24 | $204.4M | $126.8M | ||
| Q2 24 | $99.0M | $130.0M | ||
| Q1 24 | $83.4M | $148.7M |
| Q4 25 | $643.8M | $128.1M | ||
| Q3 25 | $628.1M | $130.6M | ||
| Q2 25 | $612.3M | $137.9M | ||
| Q1 25 | $648.4M | $142.2M | ||
| Q4 24 | $639.7M | $147.5M | ||
| Q3 24 | $628.9M | $167.3M | ||
| Q2 24 | $614.6M | $170.9M | ||
| Q1 24 | $609.3M | $193.2M |
| Q4 25 | $4.5B | $173.6M | ||
| Q3 25 | $4.4B | $174.8M | ||
| Q2 25 | $4.4B | $164.9M | ||
| Q1 25 | $4.5B | $168.0M | ||
| Q4 24 | $4.5B | $180.3M | ||
| Q3 24 | $4.3B | $194.4M | ||
| Q2 24 | $4.1B | $198.0M | ||
| Q1 24 | $4.1B | $217.3M |
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 | $762.0K |
| Free Cash FlowOCF − Capex | $51.0M | $255.0K |
| FCF MarginFCF / Revenue | 113.6% | 0.6% |
| Capex IntensityCapex / Revenue | 25.5% | 1.2% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-18.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $762.0K | ||
| Q3 25 | $15.5M | $-979.0K | ||
| Q2 25 | $11.9M | $-4.2M | ||
| Q1 25 | $6.2M | $-10.5M | ||
| Q4 24 | $65.8M | $2.1M | ||
| Q3 24 | $18.8M | $-2.9M | ||
| Q2 24 | $14.9M | $-650.0K | ||
| Q1 24 | $1.3M | $-7.3M |
| Q4 25 | $51.0M | $255.0K | ||
| Q3 25 | $12.5M | $-2.0M | ||
| Q2 25 | $8.2M | $-5.2M | ||
| Q1 25 | $4.0M | $-11.0M | ||
| Q4 24 | $58.6M | $1.5M | ||
| Q3 24 | $16.9M | $-3.7M | ||
| Q2 24 | $13.7M | $-1.3M | ||
| Q1 24 | $551.0K | $-8.0M |
| Q4 25 | 113.6% | 0.6% | ||
| Q3 25 | 28.2% | -5.0% | ||
| Q2 25 | 19.8% | -13.6% | ||
| Q1 25 | 9.3% | -30.1% | ||
| Q4 24 | 146.3% | 4.1% | ||
| Q3 24 | 41.5% | -10.3% | ||
| Q2 24 | 35.3% | -3.6% | ||
| Q1 24 | 1.5% | -22.5% |
| Q4 25 | 25.5% | 1.2% | ||
| Q3 25 | 6.7% | 2.6% | ||
| Q2 25 | 8.7% | 2.5% | ||
| Q1 25 | 5.0% | 1.4% | ||
| Q4 24 | 18.0% | 1.5% | ||
| Q3 24 | 4.5% | 2.4% | ||
| Q2 24 | 3.1% | 1.8% | ||
| Q1 24 | 2.1% | 1.9% |
| 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.
LAW
| Software | $35.1M | 85% |
| Services | $6.0M | 15% |
