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

Schrodinger, Inc. is the larger business by last-quarter revenue ($87.2M vs $44.9M, roughly 1.9× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs 37.3%, a 8.5% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -1.2%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $-16.1M). Over the past eight quarters, Schrodinger, Inc.'s revenue compounded faster (54.4% 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.

Schrodinger, Inc. is a leading provider of advanced computational chemistry and physics software platforms, along with related consulting services, focused on accelerating drug discovery and novel materials development. Its solutions are adopted by biopharmaceutical companies, chemical manufacturers, academic research institutions and government entities across North America, Europe and Asia Pacific to cut R&D costs and shorten innovation cycles.

BFC vs SDGR — Head-to-Head

Bigger by revenue
SDGR
SDGR
1.9× larger
SDGR
$87.2M
$44.9M
BFC
Growing faster (revenue YoY)
BFC
BFC
+13.3% gap
BFC
12.1%
-1.2%
SDGR
Higher net margin
BFC
BFC
8.5% more per $
BFC
45.8%
37.3%
SDGR
More free cash flow
BFC
BFC
$67.2M more FCF
BFC
$51.0M
$-16.1M
SDGR
Faster 2-yr revenue CAGR
SDGR
SDGR
Annualised
SDGR
54.4%
9.1%
BFC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
BFC
BFC
SDGR
SDGR
Revenue
$44.9M
$87.2M
Net Profit
$18.4M
$32.5M
Gross Margin
65.7%
Operating Margin
51.0%
-19.7%
Net Margin
45.8%
37.3%
Revenue YoY
12.1%
-1.2%
Net Profit YoY
4.8%
180.8%
EPS (diluted)
$1.87
$0.45

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
SDGR
SDGR
Q4 25
$44.9M
$87.2M
Q3 25
$44.2M
$54.3M
Q2 25
$41.6M
$54.8M
Q1 25
$43.1M
$59.6M
Q4 24
$40.1M
$88.3M
Q3 24
$40.8M
$35.3M
Q2 24
$38.9M
$47.3M
Q1 24
$37.7M
$36.6M
Net Profit
BFC
BFC
SDGR
SDGR
Q4 25
$18.4M
$32.5M
Q3 25
$18.0M
$-32.8M
Q2 25
$16.9M
$-43.2M
Q1 25
$18.2M
$-59.8M
Q4 24
$17.5M
$-40.2M
Q3 24
$16.6M
$-38.1M
Q2 24
$16.1M
$-54.0M
Q1 24
$15.4M
$-54.7M
Gross Margin
BFC
BFC
SDGR
SDGR
Q4 25
65.7%
Q3 25
51.6%
Q2 25
47.8%
Q1 25
52.3%
Q4 24
72.6%
Q3 24
50.2%
Q2 24
66.2%
Q1 24
51.6%
Operating Margin
BFC
BFC
SDGR
SDGR
Q4 25
51.0%
-19.7%
Q3 25
50.8%
-84.6%
Q2 25
49.7%
-96.6%
Q1 25
51.3%
-85.5%
Q4 24
54.4%
-23.5%
Q3 24
50.7%
-193.9%
Q2 24
51.0%
-111.4%
Q1 24
45.6%
-184.3%
Net Margin
BFC
BFC
SDGR
SDGR
Q4 25
45.8%
37.3%
Q3 25
40.7%
-60.4%
Q2 25
40.5%
-78.8%
Q1 25
42.3%
-100.4%
Q4 24
49.3%
-45.5%
Q3 24
40.6%
-108.1%
Q2 24
41.3%
-114.2%
Q1 24
40.8%
-149.5%
EPS (diluted)
BFC
BFC
SDGR
SDGR
Q4 25
$1.87
$0.45
Q3 25
$1.83
$-0.45
Q2 25
$1.71
$-0.59
Q1 25
$1.82
$-0.82
Q4 24
$1.75
$-0.55
Q3 24
$1.65
$-0.52
Q2 24
$1.59
$-0.74
Q1 24
$1.51
$-0.76

Balance Sheet & Financial Strength

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

Metric
BFC
BFC
SDGR
SDGR
Cash + ST InvestmentsLiquidity on hand
$243.2M
$395.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$643.8M
$364.1M
Total Assets
$4.5B
$726.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFC
BFC
SDGR
SDGR
Q4 25
$243.2M
$395.5M
Q3 25
$126.2M
$391.2M
Q2 25
$120.3M
$450.2M
Q1 25
$300.9M
$500.3M
Q4 24
$261.3M
$352.1M
Q3 24
$204.4M
$388.7M
Q2 24
$99.0M
$377.3M
Q1 24
$83.4M
$431.1M
Stockholders' Equity
BFC
BFC
SDGR
SDGR
Q4 25
$643.8M
$364.1M
Q3 25
$628.1M
$321.4M
Q2 25
$612.3M
$342.9M
Q1 25
$648.4M
$373.5M
Q4 24
$639.7M
$421.4M
Q3 24
$628.9M
$449.4M
Q2 24
$614.6M
$474.0M
Q1 24
$609.3M
$513.7M
Total Assets
BFC
BFC
SDGR
SDGR
Q4 25
$4.5B
$726.2M
Q3 25
$4.4B
$653.7M
Q2 25
$4.4B
$688.2M
Q1 25
$4.5B
$743.0M
Q4 24
$4.5B
$823.2M
Q3 24
$4.3B
$669.3M
Q2 24
$4.1B
$688.4M
Q1 24
$4.1B
$737.8M

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
SDGR
SDGR
Operating Cash FlowLast quarter
$62.5M
$-16.1M
Free Cash FlowOCF − Capex
$51.0M
$-16.1M
FCF MarginFCF / Revenue
113.6%
-18.5%
Capex IntensityCapex / Revenue
25.5%
0.0%
Cash ConversionOCF / Net Profit
3.40×
-0.50×
TTM Free Cash FlowTrailing 4 quarters
$75.8M
$12.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFC
BFC
SDGR
SDGR
Q4 25
$62.5M
$-16.1M
Q3 25
$15.5M
$-61.9M
Q2 25
$11.9M
$-52.2M
Q1 25
$6.2M
$144.1M
Q4 24
$65.8M
$-31.1M
Q3 24
$18.8M
$-33.3M
Q2 24
$14.9M
$-53.7M
Q1 24
$1.3M
$-39.3M
Free Cash Flow
BFC
BFC
SDGR
SDGR
Q4 25
$51.0M
$-16.1M
Q3 25
$12.5M
$-62.4M
Q2 25
$8.2M
$-52.5M
Q1 25
$4.0M
$143.5M
Q4 24
$58.6M
$-32.0M
Q3 24
$16.9M
$-34.6M
Q2 24
$13.7M
$-54.7M
Q1 24
$551.0K
$-43.4M
FCF Margin
BFC
BFC
SDGR
SDGR
Q4 25
113.6%
-18.5%
Q3 25
28.2%
-114.8%
Q2 25
19.8%
-95.9%
Q1 25
9.3%
240.9%
Q4 24
146.3%
-36.2%
Q3 24
41.5%
-98.0%
Q2 24
35.3%
-115.6%
Q1 24
1.5%
-118.5%
Capex Intensity
BFC
BFC
SDGR
SDGR
Q4 25
25.5%
0.0%
Q3 25
6.7%
0.9%
Q2 25
8.7%
0.6%
Q1 25
5.0%
1.0%
Q4 24
18.0%
1.0%
Q3 24
4.5%
3.8%
Q2 24
3.1%
2.1%
Q1 24
2.1%
11.2%
Cash Conversion
BFC
BFC
SDGR
SDGR
Q4 25
3.40×
-0.50×
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.

Revenue Breakdown by Segment

BFC
BFC

Segment breakdown not available.

SDGR
SDGR

On Premise Software$44.4M51%
Drug Discovery Services$17.6M20%
Hosted Software$11.5M13%
Maintenance$6.9M8%
Professional Services$3.8M4%
July2024Agreement With Bill Melinda Gates Foundation$2.7M3%

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