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Side-by-side financial comparison of Bank First Corp (BFC) and Spok Holdings, Inc (SPOK). Click either name above to swap in a different company.
Bank First Corp is the larger business by last-quarter revenue ($44.9M vs $33.9M, roughly 1.3× Spok Holdings, Inc). Bank First Corp runs the higher net margin — 45.8% vs 8.7%, a 37.1% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -0.1%). Bank First Corp produced more free cash flow last quarter ($51.0M vs $10.1M). Over the past eight quarters, Bank First Corp's revenue compounded faster (9.1% CAGR vs -1.5%).
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.
Spok Holdings, Inc. is a global provider of critical communication solutions primarily serving the healthcare industry. It offers unified clinical communication platforms, secure messaging tools, alerting systems, and on-call scheduling software that help care teams coordinate efficiently, cut response times, and boost patient safety across medical facilities.
BFC vs SPOK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $33.9M |
| Net Profit | $18.4M | $2.9M |
| Gross Margin | — | 76.7% |
| Operating Margin | 51.0% | 11.6% |
| Net Margin | 45.8% | 8.7% |
| Revenue YoY | 12.1% | -0.1% |
| Net Profit YoY | 4.8% | -19.6% |
| EPS (diluted) | $1.87 | $0.13 |
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 | $33.9M | ||
| Q3 25 | $44.2M | $33.9M | ||
| Q2 25 | $41.6M | $35.7M | ||
| Q1 25 | $43.1M | $36.3M | ||
| Q4 24 | $40.1M | $33.9M | ||
| Q3 24 | $40.8M | $34.9M | ||
| Q2 24 | $38.9M | $34.0M | ||
| Q1 24 | $37.7M | $34.9M |
| Q4 25 | $18.4M | $2.9M | ||
| Q3 25 | $18.0M | $3.2M | ||
| Q2 25 | $16.9M | $4.6M | ||
| Q1 25 | $18.2M | $5.2M | ||
| Q4 24 | $17.5M | $3.6M | ||
| Q3 24 | $16.6M | $3.7M | ||
| Q2 24 | $16.1M | $3.4M | ||
| Q1 24 | $15.4M | $4.2M |
| Q4 25 | — | 76.7% | ||
| Q3 25 | — | 78.3% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 80.1% | ||
| Q4 24 | — | 78.5% | ||
| Q3 24 | — | 79.5% | ||
| Q2 24 | — | 78.9% | ||
| Q1 24 | — | 79.5% |
| Q4 25 | 51.0% | 11.6% | ||
| Q3 25 | 50.8% | 12.9% | ||
| Q2 25 | 49.7% | 15.1% | ||
| Q1 25 | 51.3% | 16.6% | ||
| Q4 24 | 54.4% | 13.7% | ||
| Q3 24 | 50.7% | 14.2% | ||
| Q2 24 | 51.0% | 13.2% | ||
| Q1 24 | 45.6% | 14.0% |
| Q4 25 | 45.8% | 8.7% | ||
| Q3 25 | 40.7% | 9.5% | ||
| Q2 25 | 40.5% | 12.8% | ||
| Q1 25 | 42.3% | 14.3% | ||
| Q4 24 | 49.3% | 10.8% | ||
| Q3 24 | 40.6% | 10.5% | ||
| Q2 24 | 41.3% | 10.1% | ||
| Q1 24 | 40.8% | 12.1% |
| Q4 25 | $1.87 | $0.13 | ||
| Q3 25 | $1.83 | $0.15 | ||
| Q2 25 | $1.71 | $0.22 | ||
| Q1 25 | $1.82 | $0.25 | ||
| Q4 24 | $1.75 | $0.17 | ||
| Q3 24 | $1.65 | $0.18 | ||
| Q2 24 | $1.59 | $0.17 | ||
| Q1 24 | $1.51 | $0.21 |
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 | $25.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $146.4M |
| Total Assets | $4.5B | $206.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $25.3M | ||
| Q3 25 | $126.2M | $21.4M | ||
| Q2 25 | $120.3M | $20.2M | ||
| Q1 25 | $300.9M | $19.9M | ||
| Q4 24 | $261.3M | $29.1M | ||
| Q3 24 | $204.4M | $27.8M | ||
| Q2 24 | $99.0M | $23.9M | ||
| Q1 24 | $83.4M | $23.3M |
| Q4 25 | $643.8M | $146.4M | ||
| Q3 25 | $628.1M | $148.7M | ||
| Q2 25 | $612.3M | $150.9M | ||
| Q1 25 | $648.4M | $151.7M | ||
| Q4 24 | $639.7M | $154.7M | ||
| Q3 24 | $628.9M | $156.3M | ||
| Q2 24 | $614.6M | $158.2M | ||
| Q1 24 | $609.3M | $160.2M |
| Q4 25 | $4.5B | $206.1M | ||
| Q3 25 | $4.4B | $209.7M | ||
| Q2 25 | $4.4B | $208.7M | ||
| Q1 25 | $4.5B | $204.5M | ||
| Q4 24 | $4.5B | $217.1M | ||
| Q3 24 | $4.3B | $216.8M | ||
| Q2 24 | $4.1B | $216.4M | ||
| Q1 24 | $4.1B | $215.0M |
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 | $11.5M |
| Free Cash FlowOCF − Capex | $51.0M | $10.1M |
| FCF MarginFCF / Revenue | 113.6% | 29.9% |
| Capex IntensityCapex / Revenue | 25.5% | 4.1% |
| Cash ConversionOCF / Net Profit | 3.40× | 3.93× |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | $25.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $11.5M | ||
| Q3 25 | $15.5M | $8.1M | ||
| Q2 25 | $11.9M | $7.0M | ||
| Q1 25 | $6.2M | $2.3M | ||
| Q4 24 | $65.8M | $8.4M | ||
| Q3 24 | $18.8M | $11.1M | ||
| Q2 24 | $14.9M | $7.4M | ||
| Q1 24 | $1.3M | $2.0M |
| Q4 25 | $51.0M | $10.1M | ||
| Q3 25 | $12.5M | $7.6M | ||
| Q2 25 | $8.2M | $6.0M | ||
| Q1 25 | $4.0M | $1.5M | ||
| Q4 24 | $58.6M | $7.5M | ||
| Q3 24 | $16.9M | $10.3M | ||
| Q2 24 | $13.7M | $6.8M | ||
| Q1 24 | $551.0K | $1.1M |
| Q4 25 | 113.6% | 29.9% | ||
| Q3 25 | 28.2% | 22.4% | ||
| Q2 25 | 19.8% | 16.8% | ||
| Q1 25 | 9.3% | 4.2% | ||
| Q4 24 | 146.3% | 22.3% | ||
| Q3 24 | 41.5% | 29.4% | ||
| Q2 24 | 35.3% | 20.0% | ||
| Q1 24 | 1.5% | 3.2% |
| Q4 25 | 25.5% | 4.1% | ||
| Q3 25 | 6.7% | 1.6% | ||
| Q2 25 | 8.7% | 2.9% | ||
| Q1 25 | 5.0% | 2.1% | ||
| Q4 24 | 18.0% | 2.5% | ||
| Q3 24 | 4.5% | 2.4% | ||
| Q2 24 | 3.1% | 1.9% | ||
| Q1 24 | 2.1% | 2.5% |
| Q4 25 | 3.40× | 3.93× | ||
| Q3 25 | 0.86× | 2.54× | ||
| Q2 25 | 0.70× | 1.55× | ||
| Q1 25 | 0.34× | 0.43× | ||
| Q4 24 | 3.75× | 2.31× | ||
| Q3 24 | 1.13× | 3.03× | ||
| Q2 24 | 0.93× | 2.17× | ||
| Q1 24 | 0.09× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BFC
Segment breakdown not available.
SPOK
| Paging | $16.8M | 50% |
| Software Operations | $16.0M | 47% |
| License | $1.2M | 4% |
