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Side-by-side financial comparison of Bank First Corp (BFC) and MARAVAI LIFESCIENCES HOLDINGS, INC. (MRVI). Click either name above to swap in a different company.
MARAVAI LIFESCIENCES HOLDINGS, INC. is the larger business by last-quarter revenue ($49.9M vs $44.9M, roughly 1.1× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -71.6%, a 117.3% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -11.8%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-24.9M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -11.9%).
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.
Maravai LifeSciences Holdings is a global life sciences firm developing critical reagents, diagnostic products, and tech solutions to support biopharma research, drug development, clinical diagnostics, and cell/gene therapy manufacturing. It serves biotech, pharma, research bodies and labs worldwide across three core segments.
BFC vs MRVI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $49.9M |
| Net Profit | $18.4M | $-35.7M |
| Gross Margin | — | 25.8% |
| Operating Margin | 51.0% | -117.9% |
| Net Margin | 45.8% | -71.6% |
| Revenue YoY | 12.1% | -11.8% |
| Net Profit YoY | 4.8% | -37.7% |
| EPS (diluted) | $1.87 | $-0.24 |
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 | $49.9M | ||
| Q3 25 | $44.2M | $41.6M | ||
| Q2 25 | $41.6M | $47.4M | ||
| Q1 25 | $43.1M | $46.9M | ||
| Q4 24 | $40.1M | $56.6M | ||
| Q3 24 | $40.8M | $69.0M | ||
| Q2 24 | $38.9M | $69.4M | ||
| Q1 24 | $37.7M | $64.2M |
| Q4 25 | $18.4M | $-35.7M | ||
| Q3 25 | $18.0M | $-25.6M | ||
| Q2 25 | $16.9M | $-39.6M | ||
| Q1 25 | $18.2M | $-29.9M | ||
| Q4 24 | $17.5M | $-25.9M | ||
| Q3 24 | $16.6M | $-97.1M | ||
| Q2 24 | $16.1M | $-9.8M | ||
| Q1 24 | $15.4M | $-12.1M |
| Q4 25 | — | 25.8% | ||
| Q3 25 | — | 13.6% | ||
| Q2 25 | — | 16.4% | ||
| Q1 25 | — | 16.5% | ||
| Q4 24 | — | 34.3% | ||
| Q3 24 | — | 46.7% | ||
| Q2 24 | — | 44.4% | ||
| Q1 24 | — | 40.3% |
| Q4 25 | 51.0% | -117.9% | ||
| Q3 25 | 50.8% | -98.6% | ||
| Q2 25 | 49.7% | -139.8% | ||
| Q1 25 | 51.3% | -104.9% | ||
| Q4 24 | 54.4% | -66.7% | ||
| Q3 24 | 50.7% | -239.9% | ||
| Q2 24 | 51.0% | -19.4% | ||
| Q1 24 | 45.6% | -29.4% |
| Q4 25 | 45.8% | -71.6% | ||
| Q3 25 | 40.7% | -61.4% | ||
| Q2 25 | 40.5% | -83.5% | ||
| Q1 25 | 42.3% | -63.9% | ||
| Q4 24 | 49.3% | -45.8% | ||
| Q3 24 | 40.6% | -140.6% | ||
| Q2 24 | 41.3% | -14.1% | ||
| Q1 24 | 40.8% | -18.8% |
| Q4 25 | $1.87 | $-0.24 | ||
| Q3 25 | $1.83 | $-0.18 | ||
| Q2 25 | $1.71 | $-0.27 | ||
| Q1 25 | $1.82 | $-0.21 | ||
| Q4 24 | $1.75 | $-0.21 | ||
| Q3 24 | $1.65 | $-0.68 | ||
| Q2 24 | $1.59 | $-0.07 | ||
| Q1 24 | $1.51 | $-0.09 |
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 | $216.9M |
| Total DebtLower is stronger | — | $291.8M |
| Stockholders' EquityBook value | $643.8M | $212.4M |
| Total Assets | $4.5B | $770.6M |
| Debt / EquityLower = less leverage | — | 1.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $216.9M | ||
| Q3 25 | $126.2M | $243.6M | ||
| Q2 25 | $120.3M | $269.9M | ||
| Q1 25 | $300.9M | $285.1M | ||
| Q4 24 | $261.3M | $322.4M | ||
| Q3 24 | $204.4M | $578.2M | ||
| Q2 24 | $99.0M | $573.2M | ||
| Q1 24 | $83.4M | $561.7M |
| Q4 25 | — | $291.8M | ||
| Q3 25 | — | $292.8M | ||
| Q2 25 | — | $293.9M | ||
| Q1 25 | — | $294.9M | ||
| Q4 24 | — | $295.9M | ||
| Q3 24 | — | $521.7M | ||
| Q2 24 | — | $522.5M | ||
| Q1 24 | — | $523.3M |
| Q4 25 | $643.8M | $212.4M | ||
| Q3 25 | $628.1M | $245.4M | ||
| Q2 25 | $612.3M | $265.9M | ||
| Q1 25 | $648.4M | $300.6M | ||
| Q4 24 | $639.7M | $325.3M | ||
| Q3 24 | $628.9M | $344.9M | ||
| Q2 24 | $614.6M | $434.7M | ||
| Q1 24 | $609.3M | $410.7M |
| Q4 25 | $4.5B | $770.6M | ||
| Q3 25 | $4.4B | $849.2M | ||
| Q2 25 | $4.4B | $897.0M | ||
| Q1 25 | $4.5B | $959.8M | ||
| Q4 24 | $4.5B | $1.0B | ||
| Q3 24 | $4.3B | $1.3B | ||
| Q2 24 | $4.1B | $1.4B | ||
| Q1 24 | $4.1B | $1.4B |
| Q4 25 | — | 1.37× | ||
| Q3 25 | — | 1.19× | ||
| Q2 25 | — | 1.11× | ||
| Q1 25 | — | 0.98× | ||
| Q4 24 | — | 0.91× | ||
| Q3 24 | — | 1.51× | ||
| Q2 24 | — | 1.20× | ||
| Q1 24 | — | 1.27× |
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 | $-22.8M |
| Free Cash FlowOCF − Capex | $51.0M | $-24.9M |
| FCF MarginFCF / Revenue | 113.6% | -49.9% |
| Capex IntensityCapex / Revenue | 25.5% | 4.2% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-70.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $-22.8M | ||
| Q3 25 | $15.5M | $-15.2M | ||
| Q2 25 | $11.9M | $-10.3M | ||
| Q1 25 | $6.2M | $-9.4M | ||
| Q4 24 | $65.8M | $-14.6M | ||
| Q3 24 | $18.8M | $13.1M | ||
| Q2 24 | $14.9M | $17.4M | ||
| Q1 24 | $1.3M | $-8.5M |
| Q4 25 | $51.0M | $-24.9M | ||
| Q3 25 | $12.5M | $-18.1M | ||
| Q2 25 | $8.2M | $-13.1M | ||
| Q1 25 | $4.0M | $-14.6M | ||
| Q4 24 | $58.6M | $-20.5M | ||
| Q3 24 | $16.9M | $4.5M | ||
| Q2 24 | $13.7M | $7.9M | ||
| Q1 24 | $551.0K | $-14.1M |
| Q4 25 | 113.6% | -49.9% | ||
| Q3 25 | 28.2% | -43.4% | ||
| Q2 25 | 19.8% | -27.7% | ||
| Q1 25 | 9.3% | -31.2% | ||
| Q4 24 | 146.3% | -36.2% | ||
| Q3 24 | 41.5% | 6.6% | ||
| Q2 24 | 35.3% | 11.4% | ||
| Q1 24 | 1.5% | -22.0% |
| Q4 25 | 25.5% | 4.2% | ||
| Q3 25 | 6.7% | 7.0% | ||
| Q2 25 | 8.7% | 6.1% | ||
| Q1 25 | 5.0% | 11.2% | ||
| Q4 24 | 18.0% | 10.3% | ||
| Q3 24 | 4.5% | 12.4% | ||
| Q2 24 | 3.1% | 13.8% | ||
| Q1 24 | 2.1% | 8.8% |
| 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.
MRVI
| Cygnus Segment | $27.2M | 54% |
| Other | $18.4M | 37% |
| Shipping And Handling | $4.3M | 9% |
