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Side-by-side financial comparison of Bank First Corp (BFC) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

RIGEL PHARMACEUTICALS INC is the larger business by last-quarter revenue ($69.8M vs $44.9M, roughly 1.6× Bank First Corp). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 45.8%, a 338.3% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs 12.1%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

BFC vs RIGL — Head-to-Head

Bigger by revenue
RIGL
RIGL
1.6× larger
RIGL
$69.8M
$44.9M
BFC
Growing faster (revenue YoY)
RIGL
RIGL
+9.1% gap
RIGL
21.2%
12.1%
BFC
Higher net margin
RIGL
RIGL
338.3% more per $
RIGL
384.0%
45.8%
BFC
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
9.1%
BFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFC
BFC
RIGL
RIGL
Revenue
$44.9M
$69.8M
Net Profit
$18.4M
$268.1M
Gross Margin
91.5%
Operating Margin
51.0%
33.2%
Net Margin
45.8%
384.0%
Revenue YoY
12.1%
21.2%
Net Profit YoY
4.8%
1769.2%
EPS (diluted)
$1.87
$14.11

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
RIGL
RIGL
Q4 25
$44.9M
$69.8M
Q3 25
$44.2M
$69.5M
Q2 25
$41.6M
$101.7M
Q1 25
$43.1M
$53.3M
Q4 24
$40.1M
$57.6M
Q3 24
$40.8M
$55.3M
Q2 24
$38.9M
$36.8M
Q1 24
$37.7M
$29.5M
Net Profit
BFC
BFC
RIGL
RIGL
Q4 25
$18.4M
$268.1M
Q3 25
$18.0M
$27.9M
Q2 25
$16.9M
$59.6M
Q1 25
$18.2M
$11.4M
Q4 24
$17.5M
$14.3M
Q3 24
$16.6M
$12.4M
Q2 24
$16.1M
$-1.0M
Q1 24
$15.4M
$-8.2M
Gross Margin
BFC
BFC
RIGL
RIGL
Q4 25
91.5%
Q3 25
93.2%
Q2 25
95.6%
Q1 25
91.7%
Q4 24
89.9%
Q3 24
85.5%
Q2 24
92.4%
Q1 24
93.1%
Operating Margin
BFC
BFC
RIGL
RIGL
Q4 25
51.0%
33.2%
Q3 25
50.8%
40.9%
Q2 25
49.7%
60.1%
Q1 25
51.3%
23.9%
Q4 24
54.4%
28.9%
Q3 24
50.7%
25.4%
Q2 24
51.0%
1.2%
Q1 24
45.6%
-23.6%
Net Margin
BFC
BFC
RIGL
RIGL
Q4 25
45.8%
384.0%
Q3 25
40.7%
40.2%
Q2 25
40.5%
58.6%
Q1 25
42.3%
21.5%
Q4 24
49.3%
24.9%
Q3 24
40.6%
22.5%
Q2 24
41.3%
-2.8%
Q1 24
40.8%
-27.9%
EPS (diluted)
BFC
BFC
RIGL
RIGL
Q4 25
$1.87
$14.11
Q3 25
$1.83
$1.46
Q2 25
$1.71
$3.28
Q1 25
$1.82
$0.63
Q4 24
$1.75
$0.82
Q3 24
$1.65
$0.70
Q2 24
$1.59
$-0.06
Q1 24
$1.51
$-0.47

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$243.2M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$643.8M
$391.5M
Total Assets
$4.5B
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
RIGL
RIGL
Q4 25
$243.2M
$155.0M
Q3 25
$126.2M
$137.1M
Q2 25
$120.3M
$108.4M
Q1 25
$300.9M
$77.1M
Q4 24
$261.3M
$77.3M
Q3 24
$204.4M
$61.1M
Q2 24
$99.0M
$49.1M
Q1 24
$83.4M
$49.5M
Total Debt
BFC
BFC
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
BFC
BFC
RIGL
RIGL
Q4 25
$643.8M
$391.5M
Q3 25
$628.1M
$117.6M
Q2 25
$612.3M
$81.9M
Q1 25
$648.4M
$18.6M
Q4 24
$639.7M
$3.3M
Q3 24
$628.9M
$-14.6M
Q2 24
$614.6M
$-29.9M
Q1 24
$609.3M
$-31.7M
Total Assets
BFC
BFC
RIGL
RIGL
Q4 25
$4.5B
$513.6M
Q3 25
$4.4B
$242.5M
Q2 25
$4.4B
$206.7M
Q1 25
$4.5B
$176.0M
Q4 24
$4.5B
$164.0M
Q3 24
$4.3B
$139.4M
Q2 24
$4.1B
$128.4M
Q1 24
$4.1B
$126.5M
Debt / Equity
BFC
BFC
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
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
RIGL
RIGL
Operating Cash FlowLast quarter
$62.5M
$22.0M
Free Cash FlowOCF − Capex
$51.0M
FCF MarginFCF / Revenue
113.6%
Capex IntensityCapex / Revenue
25.5%
Cash ConversionOCF / Net Profit
3.40×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$75.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
RIGL
RIGL
Q4 25
$62.5M
$22.0M
Q3 25
$15.5M
$24.0M
Q2 25
$11.9M
$30.5M
Q1 25
$6.2M
$-893.0K
Q4 24
$65.8M
$14.5M
Q3 24
$18.8M
$21.7M
Q2 24
$14.9M
$302.0K
Q1 24
$1.3M
$-5.0M
Free Cash Flow
BFC
BFC
RIGL
RIGL
Q4 25
$51.0M
Q3 25
$12.5M
Q2 25
$8.2M
Q1 25
$4.0M
Q4 24
$58.6M
Q3 24
$16.9M
Q2 24
$13.7M
Q1 24
$551.0K
FCF Margin
BFC
BFC
RIGL
RIGL
Q4 25
113.6%
Q3 25
28.2%
Q2 25
19.8%
Q1 25
9.3%
Q4 24
146.3%
Q3 24
41.5%
Q2 24
35.3%
Q1 24
1.5%
Capex Intensity
BFC
BFC
RIGL
RIGL
Q4 25
25.5%
Q3 25
6.7%
Q2 25
8.7%
Q1 25
5.0%
Q4 24
18.0%
Q3 24
4.5%
Q2 24
3.1%
Q1 24
2.1%
Cash Conversion
BFC
BFC
RIGL
RIGL
Q4 25
3.40×
0.08×
Q3 25
0.86×
0.86×
Q2 25
0.70×
0.51×
Q1 25
0.34×
-0.08×
Q4 24
3.75×
1.01×
Q3 24
1.13×
1.75×
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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