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Side-by-side financial comparison of Bank First Corp (BFC) and Ouster, Inc. (OUST). Click either name above to swap in a different company.
Ouster, Inc. is the larger business by last-quarter revenue ($48.6M vs $44.9M, roughly 1.1× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 8.2%, a 37.6% gap on every dollar of revenue. On growth, Ouster, Inc. posted the faster year-over-year revenue change (48.9% vs 12.1%). Over the past eight quarters, Ouster, Inc.'s revenue compounded faster (34.2% 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.
Ouster, Inc. is an American lidar technology company headquartered in San Francisco, California. It builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.
BFC vs OUST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $48.6M |
| Net Profit | $18.4M | $4.0M |
| Gross Margin | — | 42.9% |
| Operating Margin | 51.0% | 17.6% |
| Net Margin | 45.8% | 8.2% |
| Revenue YoY | 12.1% | 48.9% |
| Net Profit YoY | 4.8% | — |
| EPS (diluted) | $1.87 | $0.06 |
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.
| Q1 26 | — | $48.6M | ||
| Q4 25 | $44.9M | $62.2M | ||
| Q3 25 | $44.2M | $39.5M | ||
| Q2 25 | $41.6M | $35.0M | ||
| Q1 25 | $43.1M | $32.6M | ||
| Q4 24 | $40.1M | $30.1M | ||
| Q3 24 | $40.8M | $28.1M | ||
| Q2 24 | $38.9M | $27.0M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | $18.4M | — | ||
| Q3 25 | $18.0M | $-21.7M | ||
| Q2 25 | $16.9M | $-20.6M | ||
| Q1 25 | $18.2M | $-22.0M | ||
| Q4 24 | $17.5M | — | ||
| Q3 24 | $16.6M | $-25.6M | ||
| Q2 24 | $16.1M | $-23.9M |
| Q1 26 | — | 42.9% | ||
| Q4 25 | — | 60.2% | ||
| Q3 25 | — | 42.1% | ||
| Q2 25 | — | 45.2% | ||
| Q1 25 | — | 41.3% | ||
| Q4 24 | — | 43.8% | ||
| Q3 24 | — | 38.3% | ||
| Q2 24 | — | 33.7% |
| Q1 26 | — | 17.6% | ||
| Q4 25 | 51.0% | 1.5% | ||
| Q3 25 | 50.8% | -61.4% | ||
| Q2 25 | 49.7% | -76.5% | ||
| Q1 25 | 51.3% | -73.0% | ||
| Q4 24 | 54.4% | -85.1% | ||
| Q3 24 | 50.7% | -98.0% | ||
| Q2 24 | 51.0% | -93.6% |
| Q1 26 | — | 8.2% | ||
| Q4 25 | 45.8% | — | ||
| Q3 25 | 40.7% | -55.0% | ||
| Q2 25 | 40.5% | -58.8% | ||
| Q1 25 | 42.3% | -67.5% | ||
| Q4 24 | 49.3% | — | ||
| Q3 24 | 40.6% | -91.1% | ||
| Q2 24 | 41.3% | -88.4% |
| Q1 26 | — | $0.06 | ||
| Q4 25 | $1.87 | $0.10 | ||
| Q3 25 | $1.83 | $-0.37 | ||
| Q2 25 | $1.71 | $-0.38 | ||
| Q1 25 | $1.82 | $-0.42 | ||
| Q4 24 | $1.75 | $-0.46 | ||
| Q3 24 | $1.65 | $-0.54 | ||
| Q2 24 | $1.59 | $-0.53 |
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 | $173.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $275.6M |
| Total Assets | $4.5B | $381.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $243.2M | $208.6M | ||
| Q3 25 | $126.2M | $244.5M | ||
| Q2 25 | $120.3M | $226.5M | ||
| Q1 25 | $300.9M | $168.2M | ||
| Q4 24 | $261.3M | $172.0M | ||
| Q3 24 | $204.4M | $151.4M | ||
| Q2 24 | $99.0M | $184.2M |
| Q1 26 | — | $275.6M | ||
| Q4 25 | $643.8M | $261.7M | ||
| Q3 25 | $628.1M | $247.4M | ||
| Q2 25 | $612.3M | $221.0M | ||
| Q1 25 | $648.4M | $167.9M | ||
| Q4 24 | $639.7M | $180.9M | ||
| Q3 24 | $628.9M | $171.7M | ||
| Q2 24 | $614.6M | $170.6M |
| Q1 26 | — | $381.5M | ||
| Q4 25 | $4.5B | $349.5M | ||
| Q3 25 | $4.4B | $353.8M | ||
| Q2 25 | $4.4B | $321.8M | ||
| Q1 25 | $4.5B | $268.6M | ||
| Q4 24 | $4.5B | $276.1M | ||
| Q3 24 | $4.3B | $255.2M | ||
| Q2 24 | $4.1B | $309.9M |
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 | — |
| 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.
| Q1 26 | — | — | ||
| Q4 25 | $62.5M | $-15.4M | ||
| Q3 25 | $15.5M | $-18.3M | ||
| Q2 25 | $11.9M | $-1.3M | ||
| Q1 25 | $6.2M | $-4.9M | ||
| Q4 24 | $65.8M | $-2.6M | ||
| Q3 24 | $18.8M | $-3.8M | ||
| Q2 24 | $14.9M | $-21.6M |
| Q1 26 | — | — | ||
| Q4 25 | $51.0M | $-37.2M | ||
| Q3 25 | $12.5M | $-20.0M | ||
| Q2 25 | $8.2M | $-2.2M | ||
| Q1 25 | $4.0M | $-5.4M | ||
| Q4 24 | $58.6M | $-4.0M | ||
| Q3 24 | $16.9M | $-4.3M | ||
| Q2 24 | $13.7M | $-22.0M |
| Q1 26 | — | — | ||
| Q4 25 | 113.6% | -59.8% | ||
| Q3 25 | 28.2% | -50.7% | ||
| Q2 25 | 19.8% | -6.3% | ||
| Q1 25 | 9.3% | -16.6% | ||
| Q4 24 | 146.3% | -13.3% | ||
| Q3 24 | 41.5% | -15.4% | ||
| Q2 24 | 35.3% | -81.5% |
| Q1 26 | — | — | ||
| Q4 25 | 25.5% | 35.0% | ||
| Q3 25 | 6.7% | 4.3% | ||
| Q2 25 | 8.7% | 2.5% | ||
| Q1 25 | 5.0% | 1.7% | ||
| Q4 24 | 18.0% | 4.8% | ||
| Q3 24 | 4.5% | 2.0% | ||
| Q2 24 | 3.1% | 1.3% |
| 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.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
OUST
| Product revenue | $48.2M | 99% |
| Royalties | $347.0K | 1% |
