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Side-by-side financial comparison of Bank First Corp (BFC) and Nine Energy Service, Inc. (NINE). Click either name above to swap in a different company.

Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $41.6M, roughly 1.1× Nine Energy Service, Inc.). Nine Energy Service, Inc. runs the higher net margin — 259.3% vs 45.8%, a 213.5% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -68.5%). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -43.9%).

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.

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, serving approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight states as of mid-2025. It consists of four operating subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co.

BFC vs NINE — Head-to-Head

Bigger by revenue
BFC
BFC
1.1× larger
BFC
$44.9M
$41.6M
NINE
Growing faster (revenue YoY)
BFC
BFC
+80.6% gap
BFC
12.1%
-68.5%
NINE
Higher net margin
NINE
NINE
213.5% more per $
NINE
259.3%
45.8%
BFC
Faster 2-yr revenue CAGR
BFC
BFC
Annualised
BFC
9.1%
-43.9%
NINE

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFC
BFC
NINE
NINE
Revenue
$44.9M
$41.6M
Net Profit
$18.4M
$107.9M
Gross Margin
9.1%
Operating Margin
51.0%
Net Margin
45.8%
259.3%
Revenue YoY
12.1%
-68.5%
Net Profit YoY
4.8%
EPS (diluted)
$1.87
$2.65

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.

Revenue
BFC
BFC
NINE
NINE
Q1 26
$41.6M
Q4 25
$44.9M
$132.2M
Q3 25
$44.2M
$132.0M
Q2 25
$41.6M
$147.3M
Q1 25
$43.1M
$150.5M
Q4 24
$40.1M
$141.4M
Q3 24
$40.8M
$138.2M
Q2 24
$38.9M
$132.4M
Net Profit
BFC
BFC
NINE
NINE
Q1 26
$107.9M
Q4 25
$18.4M
$-19.2M
Q3 25
$18.0M
$-14.6M
Q2 25
$16.9M
$-10.4M
Q1 25
$18.2M
$-7.1M
Q4 24
$17.5M
$-8.8M
Q3 24
$16.6M
$-10.1M
Q2 24
$16.1M
$-14.0M
Gross Margin
BFC
BFC
NINE
NINE
Q1 26
9.1%
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
BFC
BFC
NINE
NINE
Q1 26
Q4 25
51.0%
-4.2%
Q3 25
50.8%
-0.9%
Q2 25
49.7%
2.3%
Q1 25
51.3%
3.7%
Q4 24
54.4%
2.5%
Q3 24
50.7%
1.8%
Q2 24
51.0%
-1.1%
Net Margin
BFC
BFC
NINE
NINE
Q1 26
259.3%
Q4 25
45.8%
-14.5%
Q3 25
40.7%
-11.1%
Q2 25
40.5%
-7.1%
Q1 25
42.3%
-4.7%
Q4 24
49.3%
-6.3%
Q3 24
40.6%
-7.3%
Q2 24
41.3%
-10.6%
EPS (diluted)
BFC
BFC
NINE
NINE
Q1 26
$2.65
Q4 25
$1.87
$-0.47
Q3 25
$1.83
$-0.35
Q2 25
$1.71
$-0.25
Q1 25
$1.82
$-0.18
Q4 24
$1.75
$-0.21
Q3 24
$1.65
$-0.26
Q2 24
$1.59
$-0.40

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BFC
BFC
NINE
NINE
Cash + ST InvestmentsLiquidity on hand
$243.2M
$11.2M
Total DebtLower is stronger
$94.4M
Stockholders' EquityBook value
$643.8M
Total Assets
$4.5B
$326.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
NINE
NINE
Q1 26
$11.2M
Q4 25
$243.2M
$18.4M
Q3 25
$126.2M
$14.4M
Q2 25
$120.3M
$14.2M
Q1 25
$300.9M
$17.3M
Q4 24
$261.3M
$27.9M
Q3 24
$204.4M
$15.7M
Q2 24
$99.0M
$26.0M
Total Debt
BFC
BFC
NINE
NINE
Q1 26
$94.4M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BFC
BFC
NINE
NINE
Q1 26
Q4 25
$643.8M
$-115.0M
Q3 25
$628.1M
$-95.9M
Q2 25
$612.3M
$-81.7M
Q1 25
$648.4M
$-72.1M
Q4 24
$639.7M
$-66.1M
Q3 24
$628.9M
$-57.6M
Q2 24
$614.6M
$-49.7M
Total Assets
BFC
BFC
NINE
NINE
Q1 26
$326.0M
Q4 25
$4.5B
$339.5M
Q3 25
$4.4B
$340.7M
Q2 25
$4.4B
$361.2M
Q1 25
$4.5B
$359.2M
Q4 24
$4.5B
$360.1M
Q3 24
$4.3B
$353.2M
Q2 24
$4.1B
$381.7M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BFC
BFC
NINE
NINE
Operating Cash FlowLast quarter
$62.5M
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.

Operating Cash Flow
BFC
BFC
NINE
NINE
Q1 26
Q4 25
$62.5M
$-2.2M
Q3 25
$15.5M
$-9.9M
Q2 25
$11.9M
$10.1M
Q1 25
$6.2M
$-5.3M
Q4 24
$65.8M
$15.0M
Q3 24
$18.8M
$-5.8M
Q2 24
$14.9M
$12.9M
Free Cash Flow
BFC
BFC
NINE
NINE
Q1 26
Q4 25
$51.0M
$-4.8M
Q3 25
$12.5M
$-13.4M
Q2 25
$8.2M
$4.2M
Q1 25
$4.0M
$-9.3M
Q4 24
$58.6M
$11.8M
Q3 24
$16.9M
$-9.3M
Q2 24
$13.7M
$10.3M
FCF Margin
BFC
BFC
NINE
NINE
Q1 26
Q4 25
113.6%
-3.6%
Q3 25
28.2%
-10.2%
Q2 25
19.8%
2.9%
Q1 25
9.3%
-6.2%
Q4 24
146.3%
8.3%
Q3 24
41.5%
-6.7%
Q2 24
35.3%
7.7%
Capex Intensity
BFC
BFC
NINE
NINE
Q1 26
Q4 25
25.5%
2.0%
Q3 25
6.7%
2.6%
Q2 25
8.7%
4.0%
Q1 25
5.0%
2.6%
Q4 24
18.0%
2.3%
Q3 24
4.5%
2.5%
Q2 24
3.1%
2.0%
Cash Conversion
BFC
BFC
NINE
NINE
Q1 26
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×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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