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Side-by-side financial comparison of Bank First Corp (BFC) and NPK International Inc. (NPKI). Click either name above to swap in a different company.

NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $44.9M, roughly 1.7× Bank First Corp). On growth, NPK International Inc. posted the faster year-over-year revenue change (30.7% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $5.8M). Over the past eight quarters, NPK International Inc.'s revenue compounded faster (23.9% 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.

BFC vs NPKI — Head-to-Head

Bigger by revenue
NPKI
NPKI
1.7× larger
NPKI
$75.2M
$44.9M
BFC
Growing faster (revenue YoY)
NPKI
NPKI
+18.6% gap
NPKI
30.7%
12.1%
BFC
More free cash flow
BFC
BFC
$45.3M more FCF
BFC
$51.0M
$5.8M
NPKI
Faster 2-yr revenue CAGR
NPKI
NPKI
Annualised
NPKI
23.9%
9.1%
BFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFC
BFC
NPKI
NPKI
Revenue
$44.9M
$75.2M
Net Profit
$18.4M
Gross Margin
37.7%
Operating Margin
51.0%
16.7%
Net Margin
45.8%
Revenue YoY
12.1%
30.7%
Net Profit YoY
4.8%
EPS (diluted)
$1.87
$0.17

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
NPKI
NPKI
Q4 25
$44.9M
$75.2M
Q3 25
$44.2M
$68.8M
Q2 25
$41.6M
$68.2M
Q1 25
$43.1M
$64.8M
Q4 24
$40.1M
$57.5M
Q3 24
$40.8M
$44.2M
Q2 24
$38.9M
$66.8M
Q1 24
$37.7M
$49.0M
Net Profit
BFC
BFC
NPKI
NPKI
Q4 25
$18.4M
Q3 25
$18.0M
$5.7M
Q2 25
$16.9M
$8.7M
Q1 25
$18.2M
$10.0M
Q4 24
$17.5M
Q3 24
$16.6M
$-174.3M
Q2 24
$16.1M
$8.0M
Q1 24
$15.4M
$7.3M
Gross Margin
BFC
BFC
NPKI
NPKI
Q4 25
37.7%
Q3 25
31.9%
Q2 25
36.9%
Q1 25
39.0%
Q4 24
39.2%
Q3 24
27.5%
Q2 24
37.2%
Q1 24
36.0%
Operating Margin
BFC
BFC
NPKI
NPKI
Q4 25
51.0%
16.7%
Q3 25
50.8%
13.2%
Q2 25
49.7%
17.0%
Q1 25
51.3%
20.9%
Q4 24
54.4%
20.2%
Q3 24
50.7%
2.8%
Q2 24
51.0%
18.7%
Q1 24
45.6%
14.2%
Net Margin
BFC
BFC
NPKI
NPKI
Q4 25
45.8%
Q3 25
40.7%
8.2%
Q2 25
40.5%
12.7%
Q1 25
42.3%
15.4%
Q4 24
49.3%
Q3 24
40.6%
-394.3%
Q2 24
41.3%
12.0%
Q1 24
40.8%
14.9%
EPS (diluted)
BFC
BFC
NPKI
NPKI
Q4 25
$1.87
$0.17
Q3 25
$1.83
$0.07
Q2 25
$1.71
$0.10
Q1 25
$1.82
$0.11
Q4 24
$1.75
$0.10
Q3 24
$1.65
$-1.99
Q2 24
$1.59
$0.09
Q1 24
$1.51
$0.08

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
NPKI
NPKI
Cash + ST InvestmentsLiquidity on hand
$243.2M
$5.1M
Total DebtLower is stronger
$16.9M
Stockholders' EquityBook value
$643.8M
$351.2M
Total Assets
$4.5B
$441.8M
Debt / EquityLower = less leverage
0.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
NPKI
NPKI
Q4 25
$243.2M
$5.1M
Q3 25
$126.2M
$35.6M
Q2 25
$120.3M
$26.0M
Q1 25
$300.9M
$20.8M
Q4 24
$261.3M
$17.8M
Q3 24
$204.4M
$42.9M
Q2 24
$99.0M
$35.1M
Q1 24
$83.4M
$37.7M
Total Debt
BFC
BFC
NPKI
NPKI
Q4 25
$16.9M
Q3 25
$9.5M
Q2 25
$9.3M
Q1 25
$8.1M
Q4 24
$7.7M
Q3 24
$14.0M
Q2 24
$58.0M
Q1 24
$77.4M
Stockholders' Equity
BFC
BFC
NPKI
NPKI
Q4 25
$643.8M
$351.2M
Q3 25
$628.1M
$333.9M
Q2 25
$612.3M
$328.8M
Q1 25
$648.4M
$326.9M
Q4 24
$639.7M
$326.5M
Q3 24
$628.9M
$316.5M
Q2 24
$614.6M
$426.6M
Q1 24
$609.3M
$421.6M
Total Assets
BFC
BFC
NPKI
NPKI
Q4 25
$4.5B
$441.8M
Q3 25
$4.4B
$404.5M
Q2 25
$4.4B
$393.7M
Q1 25
$4.5B
$390.0M
Q4 24
$4.5B
$393.7M
Q3 24
$4.3B
$389.6M
Q2 24
$4.1B
$624.8M
Q1 24
$4.1B
$640.8M
Debt / Equity
BFC
BFC
NPKI
NPKI
Q4 25
0.05×
Q3 25
0.03×
Q2 25
0.03×
Q1 25
0.02×
Q4 24
0.02×
Q3 24
0.04×
Q2 24
0.14×
Q1 24
0.18×

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
NPKI
NPKI
Operating Cash FlowLast quarter
$62.5M
$18.0M
Free Cash FlowOCF − Capex
$51.0M
$5.8M
FCF MarginFCF / Revenue
113.6%
7.6%
Capex IntensityCapex / Revenue
25.5%
16.3%
Cash ConversionOCF / Net Profit
3.40×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$26.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
NPKI
NPKI
Q4 25
$62.5M
$18.0M
Q3 25
$15.5M
$24.7M
Q2 25
$11.9M
$21.4M
Q1 25
$6.2M
$8.8M
Q4 24
$65.8M
$-4.1M
Q3 24
$18.8M
$2.8M
Q2 24
$14.9M
$27.6M
Q1 24
$1.3M
$11.9M
Free Cash Flow
BFC
BFC
NPKI
NPKI
Q4 25
$51.0M
$5.8M
Q3 25
$12.5M
$12.0M
Q2 25
$8.2M
$9.7M
Q1 25
$4.0M
$-1.2M
Q4 24
$58.6M
$-17.7M
Q3 24
$16.9M
$-6.7M
Q2 24
$13.7M
$21.0M
Q1 24
$551.0K
$-1.9M
FCF Margin
BFC
BFC
NPKI
NPKI
Q4 25
113.6%
7.6%
Q3 25
28.2%
17.4%
Q2 25
19.8%
14.3%
Q1 25
9.3%
-1.8%
Q4 24
146.3%
-30.8%
Q3 24
41.5%
-15.2%
Q2 24
35.3%
31.4%
Q1 24
1.5%
-3.9%
Capex Intensity
BFC
BFC
NPKI
NPKI
Q4 25
25.5%
16.3%
Q3 25
6.7%
18.5%
Q2 25
8.7%
17.1%
Q1 25
5.0%
15.5%
Q4 24
18.0%
23.6%
Q3 24
4.5%
21.4%
Q2 24
3.1%
9.9%
Q1 24
2.1%
28.3%
Cash Conversion
BFC
BFC
NPKI
NPKI
Q4 25
3.40×
Q3 25
0.86×
4.37×
Q2 25
0.70×
2.47×
Q1 25
0.34×
0.88×
Q4 24
3.75×
Q3 24
1.13×
Q2 24
0.93×
3.43×
Q1 24
0.09×
1.64×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFC
BFC

Segment breakdown not available.

NPKI
NPKI

Rental Revenue$34.8M46%
Products$25.5M34%
Services$14.9M20%

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