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Side-by-side financial comparison of Bank First Corp (BFC) and MARINE PRODUCTS CORP (MPX). Click either name above to swap in a different company.
MARINE PRODUCTS CORP is the larger business by last-quarter revenue ($64.6M vs $44.9M, roughly 1.4× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 3.7%, a 42.1% gap on every dollar of revenue. On growth, MARINE PRODUCTS CORP posted the faster year-over-year revenue change (35.0% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $4.1M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -3.5%).
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.
West Marine is an American company based in Fort Lauderdale, Florida, which operates a chain of boating supply and fishing retail stores. The company has 247 retail stores in North America. West Marine also runs Blue Future a non profit organization. West Marine's flagship store is in Fort Lauderdale. Opened on November 11, 2011, the store is the company's largest at over 50,000 square feet.
BFC vs MPX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $64.6M |
| Net Profit | $18.4M | $2.4M |
| Gross Margin | — | 19.6% |
| Operating Margin | 51.0% | 5.8% |
| Net Margin | 45.8% | 3.7% |
| Revenue YoY | 12.1% | 35.0% |
| Net Profit YoY | 4.8% | -44.6% |
| EPS (diluted) | $1.87 | $0.07 |
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 | $64.6M | ||
| Q3 25 | $44.2M | $53.1M | ||
| Q2 25 | $41.6M | $67.7M | ||
| Q1 25 | $43.1M | $59.0M | ||
| Q4 24 | $40.1M | $47.8M | ||
| Q3 24 | $40.8M | $49.9M | ||
| Q2 24 | $38.9M | $69.5M | ||
| Q1 24 | $37.7M | $69.3M |
| Q4 25 | $18.4M | $2.4M | ||
| Q3 25 | $18.0M | $2.6M | ||
| Q2 25 | $16.9M | $4.2M | ||
| Q1 25 | $18.2M | $2.2M | ||
| Q4 24 | $17.5M | $4.3M | ||
| Q3 24 | $16.6M | $3.4M | ||
| Q2 24 | $16.1M | $5.6M | ||
| Q1 24 | $15.4M | $4.6M |
| Q4 25 | — | 19.6% | ||
| Q3 25 | — | 19.2% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | 19.2% | ||
| Q3 24 | — | 18.4% | ||
| Q2 24 | — | 18.9% | ||
| Q1 24 | — | 20.2% |
| Q4 25 | 51.0% | 5.8% | ||
| Q3 25 | 50.8% | 5.4% | ||
| Q2 25 | 49.7% | 7.1% | ||
| Q1 25 | 51.3% | 4.4% | ||
| Q4 24 | 54.4% | 7.7% | ||
| Q3 24 | 50.7% | 7.2% | ||
| Q2 24 | 51.0% | 8.3% | ||
| Q1 24 | 45.6% | 7.6% |
| Q4 25 | 45.8% | 3.7% | ||
| Q3 25 | 40.7% | 5.0% | ||
| Q2 25 | 40.5% | 6.1% | ||
| Q1 25 | 42.3% | 3.7% | ||
| Q4 24 | 49.3% | 8.9% | ||
| Q3 24 | 40.6% | 6.8% | ||
| Q2 24 | 41.3% | 8.0% | ||
| Q1 24 | 40.8% | 6.6% |
| Q4 25 | $1.87 | $0.07 | ||
| Q3 25 | $1.83 | $0.07 | ||
| Q2 25 | $1.71 | $0.12 | ||
| Q1 25 | $1.82 | $0.06 | ||
| Q4 24 | $1.75 | $0.13 | ||
| Q3 24 | $1.65 | $0.10 | ||
| Q2 24 | $1.59 | $0.14 | ||
| Q1 24 | $1.51 | $0.13 |
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 | — | — |
| Stockholders' EquityBook value | $643.8M | $125.0M |
| Total Assets | $4.5B | $147.2M |
| Debt / EquityLower = less leverage | — | — |
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 | $643.8M | $125.0M | ||
| Q3 25 | $628.1M | $126.3M | ||
| Q2 25 | $612.3M | $127.2M | ||
| Q1 25 | $648.4M | $126.4M | ||
| Q4 24 | $639.7M | $129.0M | ||
| Q3 24 | $628.9M | $128.8M | ||
| Q2 24 | $614.6M | $129.3M | ||
| Q1 24 | $609.3M | $151.4M |
| Q4 25 | $4.5B | $147.2M | ||
| Q3 25 | $4.4B | $179.5M | ||
| Q2 25 | $4.4B | $173.2M | ||
| Q1 25 | $4.5B | $182.9M | ||
| Q4 24 | $4.5B | $171.2M | ||
| Q3 24 | $4.3B | $176.3M | ||
| Q2 24 | $4.1B | $175.7M | ||
| Q1 24 | $4.1B | $204.0M |
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 | $4.7M |
| Free Cash FlowOCF − Capex | $51.0M | $4.1M |
| FCF MarginFCF / Revenue | 113.6% | 6.4% |
| Capex IntensityCapex / Revenue | 25.5% | 0.9% |
| Cash ConversionOCF / Net Profit | 3.40× | 2.00× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $4.7M | ||
| Q3 25 | $15.5M | $2.6M | ||
| Q2 25 | $11.9M | $-1.6M | ||
| Q1 25 | $6.2M | $10.8M | ||
| Q4 24 | $65.8M | $4.6M | ||
| Q3 24 | $18.8M | $5.1M | ||
| Q2 24 | $14.9M | $3.8M | ||
| Q1 24 | $1.3M | $15.9M |
| Q4 25 | $51.0M | $4.1M | ||
| Q3 25 | $12.5M | $2.1M | ||
| Q2 25 | $8.2M | $-2.0M | ||
| Q1 25 | $4.0M | $10.7M | ||
| Q4 24 | $58.6M | $3.6M | ||
| Q3 24 | $16.9M | $3.2M | ||
| Q2 24 | $13.7M | $3.0M | ||
| Q1 24 | $551.0K | $15.0M |
| Q4 25 | 113.6% | 6.4% | ||
| Q3 25 | 28.2% | 4.0% | ||
| Q2 25 | 19.8% | -3.0% | ||
| Q1 25 | 9.3% | 18.1% | ||
| Q4 24 | 146.3% | 7.6% | ||
| Q3 24 | 41.5% | 6.5% | ||
| Q2 24 | 35.3% | 4.4% | ||
| Q1 24 | 1.5% | 21.7% |
| Q4 25 | 25.5% | 0.9% | ||
| Q3 25 | 6.7% | 0.8% | ||
| Q2 25 | 8.7% | 0.6% | ||
| Q1 25 | 5.0% | 0.2% | ||
| Q4 24 | 18.0% | 2.1% | ||
| Q3 24 | 4.5% | 3.8% | ||
| Q2 24 | 3.1% | 1.1% | ||
| Q1 24 | 2.1% | 1.3% |
| Q4 25 | 3.40× | 2.00× | ||
| Q3 25 | 0.86× | 0.97× | ||
| Q2 25 | 0.70× | -0.39× | ||
| Q1 25 | 0.34× | 4.88× | ||
| Q4 24 | 3.75× | 1.09× | ||
| Q3 24 | 1.13× | 1.51× | ||
| Q2 24 | 0.93× | 0.68× | ||
| Q1 24 | 0.09× | 3.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
MPX
| Boats And Accessories | $63.4M | 98% |
| Parts | $1.1M | 2% |
