vs
Side-by-side financial comparison of Bank First Corp (BFC) and NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $23.3M, roughly 1.9× NORTHERN TECHNOLOGIES INTERNATIONAL CORP). Bank First Corp runs the higher net margin — 45.8% vs 1.0%, a 44.8% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 9.2%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-479.7K). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs 5.8%).
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.
Maxar Technologies Inc., was an American space technology company, specializing in geospatial intelligence, Earth observation, and on-orbit satellite servicing, satellite products, and related services. DigitalGlobe and MDA Holdings Company merged to become Maxar Technologies on October 5, 2017.
BFC vs NTIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $23.3M |
| Net Profit | $18.4M | $237.8K |
| Gross Margin | — | 36.0% |
| Operating Margin | 51.0% | 4.0% |
| Net Margin | 45.8% | 1.0% |
| Revenue YoY | 12.1% | 9.2% |
| Net Profit YoY | 4.8% | -57.6% |
| EPS (diluted) | $1.87 | $0.03 |
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 | $23.3M | ||
| Q3 25 | $44.2M | $22.3M | ||
| Q2 25 | $41.6M | $21.5M | ||
| Q1 25 | $43.1M | $19.1M | ||
| Q4 24 | $40.1M | $21.3M | ||
| Q3 24 | $40.8M | $23.3M | ||
| Q2 24 | $38.9M | $20.7M | ||
| Q1 24 | $37.7M | $20.8M |
| Q4 25 | $18.4M | $237.8K | ||
| Q3 25 | $18.0M | $-1.1M | ||
| Q2 25 | $16.9M | $121.8K | ||
| Q1 25 | $18.2M | $434.3K | ||
| Q4 24 | $17.5M | $561.1K | ||
| Q3 24 | $16.6M | $1.8M | ||
| Q2 24 | $16.1M | $976.6K | ||
| Q1 24 | $15.4M | $1.7M |
| Q4 25 | — | 36.0% | ||
| Q3 25 | — | 37.9% | ||
| Q2 25 | — | 38.4% | ||
| Q1 25 | — | 35.6% | ||
| Q4 24 | — | 38.3% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 38.2% | ||
| Q1 24 | — | 40.0% |
| Q4 25 | 51.0% | 4.0% | ||
| Q3 25 | 50.8% | 4.2% | ||
| Q2 25 | 49.7% | 4.0% | ||
| Q1 25 | 51.3% | -1.7% | ||
| Q4 24 | 54.4% | 5.2% | ||
| Q3 24 | 50.7% | 11.8% | ||
| Q2 24 | 51.0% | 7.4% | ||
| Q1 24 | 45.6% | 10.6% |
| Q4 25 | 45.8% | 1.0% | ||
| Q3 25 | 40.7% | -4.9% | ||
| Q2 25 | 40.5% | 0.6% | ||
| Q1 25 | 42.3% | 2.3% | ||
| Q4 24 | 49.3% | 2.6% | ||
| Q3 24 | 40.6% | 7.9% | ||
| Q2 24 | 41.3% | 4.7% | ||
| Q1 24 | 40.8% | 8.2% |
| Q4 25 | $1.87 | $0.03 | ||
| Q3 25 | $1.83 | $-0.11 | ||
| Q2 25 | $1.71 | $0.01 | ||
| Q1 25 | $1.82 | $0.04 | ||
| Q4 24 | $1.75 | $0.06 | ||
| Q3 24 | $1.65 | $0.19 | ||
| Q2 24 | $1.59 | $0.10 | ||
| Q1 24 | $1.51 | $0.17 |
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 | $6.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $72.4M |
| Total Assets | $4.5B | $104.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $6.4M | ||
| Q3 25 | $126.2M | $7.3M | ||
| Q2 25 | $120.3M | $6.8M | ||
| Q1 25 | $300.9M | $5.1M | ||
| Q4 24 | $261.3M | $5.6M | ||
| Q3 24 | $204.4M | $5.0M | ||
| Q2 24 | $99.0M | $5.8M | ||
| Q1 24 | $83.4M | $4.8M |
| Q4 25 | $643.8M | $72.4M | ||
| Q3 25 | $628.1M | $72.1M | ||
| Q2 25 | $612.3M | $72.4M | ||
| Q1 25 | $648.4M | $69.7M | ||
| Q4 24 | $639.7M | $70.2M | ||
| Q3 24 | $628.9M | $71.2M | ||
| Q2 24 | $614.6M | $68.9M | ||
| Q1 24 | $609.3M | $68.4M |
| Q4 25 | $4.5B | $104.0M | ||
| Q3 25 | $4.4B | $102.7M | ||
| Q2 25 | $4.4B | $99.3M | ||
| Q1 25 | $4.5B | $93.7M | ||
| Q4 24 | $4.5B | $94.0M | ||
| Q3 24 | $4.3B | $94.7M | ||
| Q2 24 | $4.1B | $89.3M | ||
| Q1 24 | $4.1B | $87.3M |
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 | $341.9K |
| Free Cash FlowOCF − Capex | $51.0M | $-479.7K |
| FCF MarginFCF / Revenue | 113.6% | -2.1% |
| Capex IntensityCapex / Revenue | 25.5% | 3.5% |
| Cash ConversionOCF / Net Profit | 3.40× | 1.44× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-1.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $341.9K | ||
| Q3 25 | $15.5M | $-1.4M | ||
| Q2 25 | $11.9M | $609.7K | ||
| Q1 25 | $6.2M | $803.7K | ||
| Q4 24 | $65.8M | $2.4M | ||
| Q3 24 | $18.8M | — | ||
| Q2 24 | $14.9M | $1.9M | ||
| Q1 24 | $1.3M | — |
| Q4 25 | $51.0M | $-479.7K | ||
| Q3 25 | $12.5M | $-1.4M | ||
| Q2 25 | $8.2M | $-171.2K | ||
| Q1 25 | $4.0M | $293.1K | ||
| Q4 24 | $58.6M | $1.2M | ||
| Q3 24 | $16.9M | — | ||
| Q2 24 | $13.7M | $869.4K | ||
| Q1 24 | $551.0K | — |
| Q4 25 | 113.6% | -2.1% | ||
| Q3 25 | 28.2% | -6.3% | ||
| Q2 25 | 19.8% | -0.8% | ||
| Q1 25 | 9.3% | 1.5% | ||
| Q4 24 | 146.3% | 5.5% | ||
| Q3 24 | 41.5% | — | ||
| Q2 24 | 35.3% | 4.2% | ||
| Q1 24 | 1.5% | — |
| Q4 25 | 25.5% | 3.5% | ||
| Q3 25 | 6.7% | 0.2% | ||
| Q2 25 | 8.7% | 3.6% | ||
| Q1 25 | 5.0% | 2.7% | ||
| Q4 24 | 18.0% | 5.7% | ||
| Q3 24 | 4.5% | — | ||
| Q2 24 | 3.1% | 5.2% | ||
| Q1 24 | 2.1% | — |
| Q4 25 | 3.40× | 1.44× | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | 5.01× | ||
| Q1 25 | 0.34× | 1.85× | ||
| Q4 24 | 3.75× | 4.27× | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 0.93× | 1.99× | ||
| 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.
NTIC
| Inside The USA To Unaffiliated Customers | $7.5M | 32% |
| Natur Tec | $6.0M | 26% |
| Acobal | $3.6M | 15% |
| Other | $2.7M | 12% |
| BR | $2.1M | 9% |
| Zerust OY | $1.4M | 6% |
