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Side-by-side financial comparison of Bank First Corp (BFC) and SmartRent, Inc. (SMRT). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $36.5M, roughly 1.2× SmartRent, Inc.). Bank First Corp runs the higher net margin — 45.8% vs -8.9%, a 54.7% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs 3.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $7.7M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -15.0%).
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.
Budget Rent a Car System, Inc. is an American car rental company that was founded in 1958 in Los Angeles, California by Morris Mirkin. Budget is a subsidiary of the Avis Budget Group, with its operations headquartered in Parsippany, New Jersey.
BFC vs SMRT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $36.5M |
| Net Profit | $18.4M | $-3.2M |
| Gross Margin | — | 38.6% |
| Operating Margin | 51.0% | -10.9% |
| Net Margin | 45.8% | -8.9% |
| Revenue YoY | 12.1% | 3.1% |
| Net Profit YoY | 4.8% | 71.6% |
| 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.
| Q4 25 | $44.9M | $36.5M | ||
| Q3 25 | $44.2M | $36.2M | ||
| Q2 25 | $41.6M | $38.3M | ||
| Q1 25 | $43.1M | $41.3M | ||
| Q4 24 | $40.1M | $35.4M | ||
| Q3 24 | $40.8M | $40.5M | ||
| Q2 24 | $38.9M | $48.5M | ||
| Q1 24 | $37.7M | $50.5M |
| Q4 25 | $18.4M | $-3.2M | ||
| Q3 25 | $18.0M | $-6.3M | ||
| Q2 25 | $16.9M | $-10.9M | ||
| Q1 25 | $18.2M | $-40.2M | ||
| Q4 24 | $17.5M | $-11.4M | ||
| Q3 24 | $16.6M | $-9.9M | ||
| Q2 24 | $16.1M | $-4.6M | ||
| Q1 24 | $15.4M | $-7.7M |
| Q4 25 | — | 38.6% | ||
| Q3 25 | — | 26.4% | ||
| Q2 25 | — | 33.1% | ||
| Q1 25 | — | 32.8% | ||
| Q4 24 | — | 28.7% | ||
| Q3 24 | — | 33.2% | ||
| Q2 24 | — | 35.7% | ||
| Q1 24 | — | 38.5% |
| Q4 25 | 51.0% | -10.9% | ||
| Q3 25 | 50.8% | -19.4% | ||
| Q2 25 | 49.7% | -30.5% | ||
| Q1 25 | 51.3% | -99.9% | ||
| Q4 24 | 54.4% | -36.6% | ||
| Q3 24 | 50.7% | -29.0% | ||
| Q2 24 | 51.0% | -14.3% | ||
| Q1 24 | 45.6% | -20.1% |
| Q4 25 | 45.8% | -8.9% | ||
| Q3 25 | 40.7% | -17.3% | ||
| Q2 25 | 40.5% | -28.3% | ||
| Q1 25 | 42.3% | -97.2% | ||
| Q4 24 | 49.3% | -32.3% | ||
| Q3 24 | 40.6% | -24.5% | ||
| Q2 24 | 41.3% | -9.5% | ||
| Q1 24 | 40.8% | -15.2% |
| Q4 25 | $1.87 | $-0.02 | ||
| Q3 25 | $1.83 | $-0.03 | ||
| Q2 25 | $1.71 | $-0.06 | ||
| Q1 25 | $1.82 | $-0.21 | ||
| Q4 24 | $1.75 | $-0.06 | ||
| Q3 24 | $1.65 | $-0.05 | ||
| Q2 24 | $1.59 | $-0.02 | ||
| Q1 24 | $1.51 | $-0.04 |
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 | $104.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $232.1M |
| Total Assets | $4.5B | $320.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $104.5M | ||
| Q3 25 | $126.2M | $100.0M | ||
| Q2 25 | $120.3M | $105.0M | ||
| Q1 25 | $300.9M | $125.6M | ||
| Q4 24 | $261.3M | $142.5M | ||
| Q3 24 | $204.4M | $163.4M | ||
| Q2 24 | $99.0M | $187.4M | ||
| Q1 24 | $83.4M | $204.7M |
| Q4 25 | $643.8M | $232.1M | ||
| Q3 25 | $628.1M | $234.4M | ||
| Q2 25 | $612.3M | $238.8M | ||
| Q1 25 | $648.4M | $250.7M | ||
| Q4 24 | $639.7M | $289.4M | ||
| Q3 24 | $628.9M | $305.1M | ||
| Q2 24 | $614.6M | $329.4M | ||
| Q1 24 | $609.3M | $333.1M |
| Q4 25 | $4.5B | $320.9M | ||
| Q3 25 | $4.4B | $335.8M | ||
| Q2 25 | $4.4B | $354.0M | ||
| Q1 25 | $4.5B | $366.1M | ||
| Q4 24 | $4.5B | $420.2M | ||
| Q3 24 | $4.3B | $448.6M | ||
| Q2 24 | $4.1B | $475.3M | ||
| Q1 24 | $4.1B | $485.5M |
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 | $7.7M |
| Free Cash FlowOCF − Capex | $51.0M | $7.7M |
| FCF MarginFCF / Revenue | 113.6% | 21.0% |
| Capex IntensityCapex / Revenue | 25.5% | 0.0% |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $-25.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $7.7M | ||
| Q3 25 | $15.5M | $-2.1M | ||
| Q2 25 | $11.9M | $-14.9M | ||
| Q1 25 | $6.2M | $-12.2M | ||
| Q4 24 | $65.8M | $-12.0M | ||
| Q3 24 | $18.8M | $-3.7M | ||
| Q2 24 | $14.9M | $-13.9M | ||
| Q1 24 | $1.3M | $-3.3M |
| Q4 25 | $51.0M | $7.7M | ||
| Q3 25 | $12.5M | $-2.2M | ||
| Q2 25 | $8.2M | $-16.2M | ||
| Q1 25 | $4.0M | $-14.3M | ||
| Q4 24 | $58.6M | $-13.3M | ||
| Q3 24 | $16.9M | $-3.9M | ||
| Q2 24 | $13.7M | $-14.1M | ||
| Q1 24 | $551.0K | $-3.4M |
| Q4 25 | 113.6% | 21.0% | ||
| Q3 25 | 28.2% | -6.1% | ||
| Q2 25 | 19.8% | -42.3% | ||
| Q1 25 | 9.3% | -34.7% | ||
| Q4 24 | 146.3% | -37.5% | ||
| Q3 24 | 41.5% | -9.7% | ||
| Q2 24 | 35.3% | -29.1% | ||
| Q1 24 | 1.5% | -6.7% |
| Q4 25 | 25.5% | 0.0% | ||
| Q3 25 | 6.7% | 0.2% | ||
| Q2 25 | 8.7% | 3.3% | ||
| Q1 25 | 5.0% | 5.3% | ||
| Q4 24 | 18.0% | 3.5% | ||
| Q3 24 | 4.5% | 0.6% | ||
| Q2 24 | 3.1% | 0.5% | ||
| Q1 24 | 2.1% | 0.1% |
| 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.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
SMRT
| Hosted Services | $18.1M | 50% |
| Hardware Service | $12.5M | 34% |
| Smart Operations Solutions | $2.6M | 7% |
| Access Control | $2.0M | 5% |
| Other Smart Communities Solutions | $1.3M | 3% |
