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Side-by-side financial comparison of Bank First Corp (BFC) and NACCO INDUSTRIES INC (NC). Click either name above to swap in a different company.
NACCO INDUSTRIES INC is the larger business by last-quarter revenue ($66.8M vs $44.9M, roughly 1.5× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -5.8%, a 51.5% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -5.2%). Over the past eight quarters, NACCO INDUSTRIES INC's revenue compounded faster (11.9% 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.
NACCO Industries, Inc. is an American publicly traded holding company, headquartered in Cleveland, Ohio. Through a portfolio of mining and natural resources businesses, the company operates under three business segments: Coal Mining, North American Mining, and Minerals Management. The Coal Mining segment operates surface coal mines under long-term contracts with power generation companies and an activated carbon producer pursuant to a service-based business model. The North American Mining se...
BFC vs NC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $66.8M |
| Net Profit | $18.4M | $-3.8M |
| Gross Margin | — | 18.0% |
| Operating Margin | 51.0% | 11.3% |
| Net Margin | 45.8% | -5.8% |
| Revenue YoY | 12.1% | -5.2% |
| Net Profit YoY | 4.8% | -150.8% |
| EPS (diluted) | $1.87 | $-0.53 |
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 | $66.8M | ||
| Q3 25 | $44.2M | $76.6M | ||
| Q2 25 | $41.6M | $68.2M | ||
| Q1 25 | $43.1M | $65.6M | ||
| Q4 24 | $40.1M | $70.4M | ||
| Q3 24 | $40.8M | $61.7M | ||
| Q2 24 | $38.9M | $52.3M | ||
| Q1 24 | $37.7M | $53.3M |
| Q4 25 | $18.4M | $-3.8M | ||
| Q3 25 | $18.0M | $13.3M | ||
| Q2 25 | $16.9M | $3.3M | ||
| Q1 25 | $18.2M | $4.9M | ||
| Q4 24 | $17.5M | $7.6M | ||
| Q3 24 | $16.6M | $15.6M | ||
| Q2 24 | $16.1M | $6.0M | ||
| Q1 24 | $15.4M | $4.6M |
| Q4 25 | — | 18.0% | ||
| Q3 25 | — | 13.0% | ||
| Q2 25 | — | 10.0% | ||
| Q1 25 | — | 14.7% | ||
| Q4 24 | — | 12.0% | ||
| Q3 24 | — | 11.7% | ||
| Q2 24 | — | 13.4% | ||
| Q1 24 | — | 13.2% |
| Q4 25 | 51.0% | 11.3% | ||
| Q3 25 | 50.8% | 8.8% | ||
| Q2 25 | 49.7% | -0.1% | ||
| Q1 25 | 51.3% | 11.7% | ||
| Q4 24 | 54.4% | 5.5% | ||
| Q3 24 | 50.7% | 31.9% | ||
| Q2 24 | 51.0% | 14.1% | ||
| Q1 24 | 45.6% | 8.9% |
| Q4 25 | 45.8% | -5.8% | ||
| Q3 25 | 40.7% | 17.3% | ||
| Q2 25 | 40.5% | 4.8% | ||
| Q1 25 | 42.3% | 7.5% | ||
| Q4 24 | 49.3% | 10.7% | ||
| Q3 24 | 40.6% | 25.4% | ||
| Q2 24 | 41.3% | 11.4% | ||
| Q1 24 | 40.8% | 8.6% |
| Q4 25 | $1.87 | $-0.53 | ||
| Q3 25 | $1.83 | $1.78 | ||
| Q2 25 | $1.71 | $0.44 | ||
| Q1 25 | $1.82 | $0.66 | ||
| Q4 24 | $1.75 | $0.99 | ||
| Q3 24 | $1.65 | $2.14 | ||
| Q2 24 | $1.59 | $0.81 | ||
| Q1 24 | $1.51 | $0.61 |
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 | $49.7M |
| Total DebtLower is stronger | — | $100.8M |
| Stockholders' EquityBook value | $643.8M | $429.2M |
| Total Assets | $4.5B | $661.2M |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $49.7M | ||
| Q3 25 | $126.2M | $52.7M | ||
| Q2 25 | $120.3M | $49.4M | ||
| Q1 25 | $300.9M | $61.9M | ||
| Q4 24 | $261.3M | $72.8M | ||
| Q3 24 | $204.4M | $63.1M | ||
| Q2 24 | $99.0M | $62.4M | ||
| Q1 24 | $83.4M | $61.8M |
| Q4 25 | — | $100.8M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $99.4M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $29.0M | ||
| Q1 24 | — | $28.4M |
| Q4 25 | $643.8M | $429.2M | ||
| Q3 25 | $628.1M | $426.4M | ||
| Q2 25 | $612.3M | $413.1M | ||
| Q1 25 | $648.4M | $409.1M | ||
| Q4 24 | $639.7M | $404.9M | ||
| Q3 24 | $628.9M | $397.3M | ||
| Q2 24 | $614.6M | $384.1M | ||
| Q1 24 | $609.3M | $381.6M |
| Q4 25 | $4.5B | $661.2M | ||
| Q3 25 | $4.4B | $637.6M | ||
| Q2 25 | $4.4B | $631.3M | ||
| Q1 25 | $4.5B | $634.2M | ||
| Q4 24 | $4.5B | $631.7M | ||
| Q3 24 | $4.3B | $597.4M | ||
| Q2 24 | $4.1B | $560.1M | ||
| Q1 24 | $4.1B | $538.0M |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.25× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.08× | ||
| 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 | $11.4M |
| Free Cash FlowOCF − Capex | $51.0M | — |
| FCF MarginFCF / Revenue | 113.6% | — |
| Capex IntensityCapex / Revenue | 25.5% | — |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $11.4M | ||
| Q3 25 | $15.5M | $42.3M | ||
| Q2 25 | $11.9M | $-7.8M | ||
| Q1 25 | $6.2M | $5.0M | ||
| Q4 24 | $65.8M | $25.2M | ||
| Q3 24 | $18.8M | $2.8M | ||
| Q2 24 | $14.9M | $4.1M | ||
| Q1 24 | $1.3M | $-9.8M |
| Q4 25 | $51.0M | — | ||
| Q3 25 | $12.5M | — | ||
| Q2 25 | $8.2M | — | ||
| Q1 25 | $4.0M | — | ||
| Q4 24 | $58.6M | — | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $13.7M | — | ||
| Q1 24 | $551.0K | — |
| Q4 25 | 113.6% | — | ||
| Q3 25 | 28.2% | — | ||
| Q2 25 | 19.8% | — | ||
| Q1 25 | 9.3% | — | ||
| Q4 24 | 146.3% | — | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 35.3% | — | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 25.5% | — | ||
| Q3 25 | 6.7% | — | ||
| Q2 25 | 8.7% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 18.0% | — | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | 3.19× | ||
| Q2 25 | 0.70× | -2.39× | ||
| Q1 25 | 0.34× | 1.03× | ||
| Q4 24 | 3.75× | 3.33× | ||
| Q3 24 | 1.13× | 0.18× | ||
| Q2 24 | 0.93× | 0.68× | ||
| Q1 24 | 0.09× | -2.14× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
NC
| Transferred Over Time | $42.7M | 64% |
| Transferred At Point In Time | $24.1M | 36% |
