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Side-by-side financial comparison of Bank First Corp (BFC) and Montauk Renewables, Inc. (MNTK). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $43.4M, roughly 1.0× Montauk Renewables, Inc.). Bank First Corp runs the higher net margin — 45.8% vs 5.7%, a 40.0% gap on every dollar of revenue. On growth, Montauk Renewables, Inc. posted the faster year-over-year revenue change (56.7% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-41.1M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 5.8%).
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.
Montauk Renewables, Inc. is a US-based renewable energy firm specializing in capturing and converting biogenic methane from landfills and agricultural waste into renewable natural gas (RNG) and low-carbon electricity. It serves utility, commercial, and industrial customers across North America, with operations focused on advancing decarbonization and sustainable energy transition goals.
BFC vs MNTK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $43.4M |
| Net Profit | $18.4M | $2.5M |
| Gross Margin | — | — |
| Operating Margin | 51.0% | -3.8% |
| Net Margin | 45.8% | 5.7% |
| Revenue YoY | 12.1% | 56.7% |
| Net Profit YoY | 4.8% | 129.5% |
| EPS (diluted) | $1.87 | $0.01 |
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 | $43.4M | ||
| Q3 25 | $44.2M | $45.3M | ||
| Q2 25 | $41.6M | $45.1M | ||
| Q1 25 | $43.1M | $42.6M | ||
| Q4 24 | $40.1M | $27.7M | ||
| Q3 24 | $40.8M | $65.9M | ||
| Q2 24 | $38.9M | $43.3M | ||
| Q1 24 | $37.7M | $38.8M |
| Q4 25 | $18.4M | $2.5M | ||
| Q3 25 | $18.0M | $5.2M | ||
| Q2 25 | $16.9M | $-5.5M | ||
| Q1 25 | $18.2M | $-464.0K | ||
| Q4 24 | $17.5M | $-8.5M | ||
| Q3 24 | $16.6M | $17.0M | ||
| Q2 24 | $16.1M | $-712.0K | ||
| Q1 24 | $15.4M | $1.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 15.6% | ||
| Q1 24 | — | 22.8% |
| Q4 25 | 51.0% | -3.8% | ||
| Q3 25 | 50.8% | 9.8% | ||
| Q2 25 | 49.7% | -5.2% | ||
| Q1 25 | 51.3% | 1.0% | ||
| Q4 24 | 54.4% | -35.5% | ||
| Q3 24 | 50.7% | 34.4% | ||
| Q2 24 | 51.0% | 2.0% | ||
| Q1 24 | 45.6% | 6.1% |
| Q4 25 | 45.8% | 5.7% | ||
| Q3 25 | 40.7% | 11.5% | ||
| Q2 25 | 40.5% | -12.2% | ||
| Q1 25 | 42.3% | -1.1% | ||
| Q4 24 | 49.3% | -30.5% | ||
| Q3 24 | 40.6% | 25.9% | ||
| Q2 24 | 41.3% | -1.6% | ||
| Q1 24 | 40.8% | 4.8% |
| Q4 25 | $1.87 | $0.01 | ||
| Q3 25 | $1.83 | $0.04 | ||
| Q2 25 | $1.71 | $-0.04 | ||
| Q1 25 | $1.82 | $0.00 | ||
| Q4 24 | $1.75 | $-0.05 | ||
| Q3 24 | $1.65 | $0.12 | ||
| Q2 24 | $1.59 | $-0.01 | ||
| Q1 24 | $1.51 | $0.01 |
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 | $23.8M |
| Total DebtLower is stronger | — | $126.0M |
| Stockholders' EquityBook value | $643.8M | $263.1M |
| Total Assets | $4.5B | $435.5M |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $23.8M | ||
| Q3 25 | $126.2M | $6.8M | ||
| Q2 25 | $120.3M | $29.1M | ||
| Q1 25 | $300.9M | $40.1M | ||
| Q4 24 | $261.3M | $45.6M | ||
| Q3 24 | $204.4M | $55.0M | ||
| Q2 24 | $99.0M | $42.3M | ||
| Q1 24 | $83.4M | $63.3M |
| Q4 25 | — | $126.0M | ||
| Q3 25 | — | $54.9M | ||
| Q2 25 | — | $57.8M | ||
| Q1 25 | — | $40.8M | ||
| Q4 24 | — | $43.8M | ||
| Q3 24 | — | $46.7M | ||
| Q2 24 | — | $49.7M | ||
| Q1 24 | — | $52.7M |
| Q4 25 | $643.8M | $263.1M | ||
| Q3 25 | $628.1M | $260.7M | ||
| Q2 25 | $612.3M | $254.7M | ||
| Q1 25 | $648.4M | $258.2M | ||
| Q4 24 | $639.7M | $257.4M | ||
| Q3 24 | $628.9M | $275.3M | ||
| Q2 24 | $614.6M | $255.3M | ||
| Q1 24 | $609.3M | $254.3M |
| Q4 25 | $4.5B | $435.5M | ||
| Q3 25 | $4.4B | $383.3M | ||
| Q2 25 | $4.4B | $382.5M | ||
| Q1 25 | $4.5B | $354.2M | ||
| Q4 24 | $4.5B | $349.0M | ||
| Q3 24 | $4.3B | $374.1M | ||
| Q2 24 | $4.1B | $362.0M | ||
| Q1 24 | $4.1B | $354.7M |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.21× | ||
| Q2 25 | — | 0.23× | ||
| Q1 25 | — | 0.16× | ||
| Q4 24 | — | 0.17× | ||
| Q3 24 | — | 0.17× | ||
| Q2 24 | — | 0.19× | ||
| Q1 24 | — | 0.21× |
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 | $337.0K |
| Free Cash FlowOCF − Capex | $51.0M | $-41.1M |
| FCF MarginFCF / Revenue | 113.6% | -94.7% |
| Capex IntensityCapex / Revenue | 25.5% | 95.5% |
| Cash ConversionOCF / Net Profit | 3.40× | 0.14× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-86.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $337.0K | ||
| Q3 25 | $15.5M | $12.7M | ||
| Q2 25 | $11.9M | $8.2M | ||
| Q1 25 | $6.2M | $9.1M | ||
| Q4 24 | $65.8M | $724.0K | ||
| Q3 24 | $18.8M | $28.6M | ||
| Q2 24 | $14.9M | $193.0K | ||
| Q1 24 | $1.3M | $14.3M |
| Q4 25 | $51.0M | $-41.1M | ||
| Q3 25 | $12.5M | $-17.2M | ||
| Q2 25 | $8.2M | $-25.5M | ||
| Q1 25 | $4.0M | $-2.5M | ||
| Q4 24 | $58.6M | $-8.3M | ||
| Q3 24 | $16.9M | $16.0M | ||
| Q2 24 | $13.7M | $-18.6M | ||
| Q1 24 | $551.0K | $-7.7M |
| Q4 25 | 113.6% | -94.7% | ||
| Q3 25 | 28.2% | -37.9% | ||
| Q2 25 | 19.8% | -56.4% | ||
| Q1 25 | 9.3% | -5.8% | ||
| Q4 24 | 146.3% | -29.8% | ||
| Q3 24 | 41.5% | 24.3% | ||
| Q2 24 | 35.3% | -42.9% | ||
| Q1 24 | 1.5% | -19.8% |
| Q4 25 | 25.5% | 95.5% | ||
| Q3 25 | 6.7% | 65.9% | ||
| Q2 25 | 8.7% | 74.6% | ||
| Q1 25 | 5.0% | 27.3% | ||
| Q4 24 | 18.0% | 32.5% | ||
| Q3 24 | 4.5% | 19.1% | ||
| Q2 24 | 3.1% | 43.3% | ||
| Q1 24 | 2.1% | 56.7% |
| Q4 25 | 3.40× | 0.14× | ||
| Q3 25 | 0.86× | 2.43× | ||
| Q2 25 | 0.70× | — | ||
| Q1 25 | 0.34× | — | ||
| Q4 24 | 3.75× | — | ||
| Q3 24 | 1.13× | 1.68× | ||
| Q2 24 | 0.93× | — | ||
| Q1 24 | 0.09× | 7.73× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
MNTK
| Natural Gas Environmental Attributes | $28.1M | 65% |
| Natural Gas Commodity | $10.7M | 25% |
| Electric Commodity | $2.7M | 6% |
| Electric Environmental Attributes | $2.0M | 5% |
