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Side-by-side financial comparison of Bank First Corp (BFC) and Quipt Home Medical Corp. (QIPT). Click either name above to swap in a different company.

Quipt Home Medical Corp. is the larger business by last-quarter revenue ($49.0M vs $44.9M, roughly 1.1× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -2.1%, a 47.9% gap on every dollar of revenue. On growth, Quipt Home Medical Corp. posted the faster year-over-year revenue change (32.3% vs 12.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $6.9M).

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.

Quipt Home Medical Corp is a U.S.-based home medical equipment provider specializing in respiratory care, sleep therapy supplies, and chronic disease management products. It serves patients with long-term health conditions, partners with healthcare providers and insurance payers across operating regions to deliver accessible in-home medical solutions.

BFC vs QIPT — Head-to-Head

Bigger by revenue
QIPT
QIPT
1.1× larger
QIPT
$49.0M
$44.9M
BFC
Growing faster (revenue YoY)
QIPT
QIPT
+20.1% gap
QIPT
32.3%
12.1%
BFC
Higher net margin
BFC
BFC
47.9% more per $
BFC
45.8%
-2.1%
QIPT
More free cash flow
BFC
BFC
$44.2M more FCF
BFC
$51.0M
$6.9M
QIPT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFC
BFC
QIPT
QIPT
Revenue
$44.9M
$49.0M
Net Profit
$18.4M
$-1.1M
Gross Margin
53.5%
Operating Margin
51.0%
2.1%
Net Margin
45.8%
-2.1%
Revenue YoY
12.1%
32.3%
Net Profit YoY
4.8%
2.9%
EPS (diluted)
$1.87
$-0.02

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
QIPT
QIPT
Q4 25
$44.9M
$49.0M
Q3 25
$44.2M
$39.8M
Q2 25
$41.6M
$35.1M
Q1 25
$43.1M
$33.3M
Q4 24
$40.1M
$37.1M
Q3 24
$40.8M
Q2 24
$38.9M
Q1 24
$37.7M
Net Profit
BFC
BFC
QIPT
QIPT
Q4 25
$18.4M
$-1.1M
Q3 25
$18.0M
$-3.5M
Q2 25
$16.9M
$-3.0M
Q1 25
$18.2M
$-3.0M
Q4 24
$17.5M
$-1.1M
Q3 24
$16.6M
Q2 24
$16.1M
Q1 24
$15.4M
Gross Margin
BFC
BFC
QIPT
QIPT
Q4 25
53.5%
Q3 25
48.7%
Q2 25
57.6%
Q1 25
54.6%
Q4 24
52.1%
Q3 24
Q2 24
Q1 24
Operating Margin
BFC
BFC
QIPT
QIPT
Q4 25
51.0%
2.1%
Q3 25
50.8%
-3.6%
Q2 25
49.7%
-5.2%
Q1 25
51.3%
-3.0%
Q4 24
54.4%
1.2%
Q3 24
50.7%
Q2 24
51.0%
Q1 24
45.6%
Net Margin
BFC
BFC
QIPT
QIPT
Q4 25
45.8%
-2.1%
Q3 25
40.7%
-8.9%
Q2 25
40.5%
-8.6%
Q1 25
42.3%
-9.1%
Q4 24
49.3%
-2.9%
Q3 24
40.6%
Q2 24
41.3%
Q1 24
40.8%
EPS (diluted)
BFC
BFC
QIPT
QIPT
Q4 25
$1.87
$-0.02
Q3 25
$1.83
$-0.07
Q2 25
$1.71
$-0.07
Q1 25
$1.82
$-0.07
Q4 24
$1.75
$-0.03
Q3 24
$1.65
Q2 24
$1.59
Q1 24
$1.51

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
QIPT
QIPT
Cash + ST InvestmentsLiquidity on hand
$243.2M
$10.5M
Total DebtLower is stronger
$84.0M
Stockholders' EquityBook value
$643.8M
$113.0M
Total Assets
$4.5B
$280.7M
Debt / EquityLower = less leverage
0.74×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
QIPT
QIPT
Q4 25
$243.2M
$10.5M
Q3 25
$126.2M
$12.9M
Q2 25
$120.3M
$11.3M
Q1 25
$300.9M
$17.1M
Q4 24
$261.3M
$15.5M
Q3 24
$204.4M
Q2 24
$99.0M
Q1 24
$83.4M
Total Debt
BFC
BFC
QIPT
QIPT
Q4 25
$84.0M
Q3 25
$87.6M
Q2 25
$66.0M
Q1 25
$71.5M
Q4 24
$70.6M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BFC
BFC
QIPT
QIPT
Q4 25
$643.8M
$113.0M
Q3 25
$628.1M
$112.1M
Q2 25
$612.3M
$102.5M
Q1 25
$648.4M
$103.6M
Q4 24
$639.7M
$106.3M
Q3 24
$628.9M
Q2 24
$614.6M
Q1 24
$609.3M
Total Assets
BFC
BFC
QIPT
QIPT
Q4 25
$4.5B
$280.7M
Q3 25
$4.4B
$283.3M
Q2 25
$4.4B
$236.1M
Q1 25
$4.5B
$244.6M
Q4 24
$4.5B
$242.8M
Q3 24
$4.3B
Q2 24
$4.1B
Q1 24
$4.1B
Debt / Equity
BFC
BFC
QIPT
QIPT
Q4 25
0.74×
Q3 25
0.78×
Q2 25
0.64×
Q1 25
0.69×
Q4 24
0.66×
Q3 24
Q2 24
Q1 24

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
QIPT
QIPT
Operating Cash FlowLast quarter
$62.5M
$8.9M
Free Cash FlowOCF − Capex
$51.0M
$6.9M
FCF MarginFCF / Revenue
113.6%
14.0%
Capex IntensityCapex / Revenue
25.5%
4.2%
Cash ConversionOCF / Net Profit
3.40×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$26.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
QIPT
QIPT
Q4 25
$62.5M
$8.9M
Q3 25
$15.5M
$9.8M
Q2 25
$11.9M
$9.7M
Q1 25
$6.2M
$8.9M
Q4 24
$65.8M
$9.3M
Q3 24
$18.8M
Q2 24
$14.9M
Q1 24
$1.3M
Free Cash Flow
BFC
BFC
QIPT
QIPT
Q4 25
$51.0M
$6.9M
Q3 25
$12.5M
$8.0M
Q2 25
$8.2M
$4.4M
Q1 25
$4.0M
$7.3M
Q4 24
$58.6M
$5.6M
Q3 24
$16.9M
Q2 24
$13.7M
Q1 24
$551.0K
FCF Margin
BFC
BFC
QIPT
QIPT
Q4 25
113.6%
14.0%
Q3 25
28.2%
20.0%
Q2 25
19.8%
12.6%
Q1 25
9.3%
22.0%
Q4 24
146.3%
15.2%
Q3 24
41.5%
Q2 24
35.3%
Q1 24
1.5%
Capex Intensity
BFC
BFC
QIPT
QIPT
Q4 25
25.5%
4.2%
Q3 25
6.7%
4.6%
Q2 25
8.7%
14.9%
Q1 25
5.0%
4.8%
Q4 24
18.0%
9.9%
Q3 24
4.5%
Q2 24
3.1%
Q1 24
2.1%
Cash Conversion
BFC
BFC
QIPT
QIPT
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×
Q1 24
0.09×

Financial Flow Comparison

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

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