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Side-by-side financial comparison of Bank First Corp (BFC) and STEM, INC. (STEM). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $44.9M, roughly 1.0× Bank First Corp). Bank First Corp runs the higher net margin — 45.8% vs -33.9%, a 79.7% gap on every dollar of revenue. On growth, Bank First Corp posted the faster year-over-year revenue change (12.1% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% 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.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
BFC vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.9M | $47.1M |
| Net Profit | $18.4M | $-16.0M |
| Gross Margin | — | 48.9% |
| Operating Margin | 51.0% | -17.7% |
| Net Margin | 45.8% | -33.9% |
| Revenue YoY | 12.1% | -15.6% |
| Net Profit YoY | 4.8% | 68.8% |
| EPS (diluted) | $1.87 | $-4.40 |
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 | $47.1M | ||
| Q3 25 | $44.2M | $38.2M | ||
| Q2 25 | $41.6M | $38.4M | ||
| Q1 25 | $43.1M | $32.5M | ||
| Q4 24 | $40.1M | $55.8M | ||
| Q3 24 | $40.8M | $29.3M | ||
| Q2 24 | $38.9M | $34.0M | ||
| Q1 24 | $37.7M | $25.5M |
| Q4 25 | $18.4M | $-16.0M | ||
| Q3 25 | $18.0M | $-23.8M | ||
| Q2 25 | $16.9M | $202.5M | ||
| Q1 25 | $18.2M | $-25.0M | ||
| Q4 24 | $17.5M | $-51.1M | ||
| Q3 24 | $16.6M | $-148.3M | ||
| Q2 24 | $16.1M | $-582.3M | ||
| Q1 24 | $15.4M | $-72.3M |
| Q4 25 | — | 48.9% | ||
| Q3 25 | — | 35.5% | ||
| Q2 25 | — | 33.4% | ||
| Q1 25 | — | 32.4% | ||
| Q4 24 | — | -4.4% | ||
| Q3 24 | — | 21.2% | ||
| Q2 24 | — | 27.6% | ||
| Q1 24 | — | -95.0% |
| Q4 25 | 51.0% | -17.7% | ||
| Q3 25 | 50.8% | -33.6% | ||
| Q2 25 | 49.7% | -34.8% | ||
| Q1 25 | 51.3% | -65.0% | ||
| Q4 24 | 54.4% | -84.4% | ||
| Q3 24 | 50.7% | -493.2% | ||
| Q2 24 | 51.0% | -1705.5% | ||
| Q1 24 | 45.6% | -267.0% |
| Q4 25 | 45.8% | -33.9% | ||
| Q3 25 | 40.7% | -62.2% | ||
| Q2 25 | 40.5% | 527.8% | ||
| Q1 25 | 42.3% | -76.9% | ||
| Q4 24 | 49.3% | -91.6% | ||
| Q3 24 | 40.6% | -506.3% | ||
| Q2 24 | 41.3% | -1712.6% | ||
| Q1 24 | 40.8% | -283.9% |
| Q4 25 | $1.87 | $-4.40 | ||
| Q3 25 | $1.83 | $-2.84 | ||
| Q2 25 | $1.71 | $-1.79 | ||
| Q1 25 | $1.82 | $-0.15 | ||
| Q4 24 | $1.75 | $-15.29 | ||
| Q3 24 | $1.65 | $-18.24 | ||
| Q2 24 | $1.59 | $-71.81 | ||
| Q1 24 | $1.51 | $-0.46 |
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 | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $643.8M | $-249.4M |
| Total Assets | $4.5B | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $243.2M | $48.9M | ||
| Q3 25 | $126.2M | $43.1M | ||
| Q2 25 | $120.3M | $40.8M | ||
| Q1 25 | $300.9M | $58.6M | ||
| Q4 24 | $261.3M | $56.3M | ||
| Q3 24 | $204.4M | $75.4M | ||
| Q2 24 | $99.0M | $89.6M | ||
| Q1 24 | $83.4M | $112.8M |
| Q4 25 | $643.8M | $-249.4M | ||
| Q3 25 | $628.1M | $-235.7M | ||
| Q2 25 | $612.3M | $-214.1M | ||
| Q1 25 | $648.4M | $-417.5M | ||
| Q4 24 | $639.7M | $-398.4M | ||
| Q3 24 | $628.9M | $-344.1M | ||
| Q2 24 | $614.6M | $-203.2M | ||
| Q1 24 | $609.3M | $371.6M |
| Q4 25 | $4.5B | $308.9M | ||
| Q3 25 | $4.4B | $362.6M | ||
| Q2 25 | $4.4B | $379.2M | ||
| Q1 25 | $4.5B | $405.1M | ||
| Q4 24 | $4.5B | $437.4M | ||
| Q3 24 | $4.3B | $537.8M | ||
| Q2 24 | $4.1B | $691.5M | ||
| Q1 24 | $4.1B | $1.3B |
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 | $8.2M |
| Free Cash FlowOCF − Capex | $51.0M | — |
| FCF MarginFCF / Revenue | 113.6% | — |
| Capex IntensityCapex / Revenue | 25.5% | — |
| Cash ConversionOCF / Net Profit | 3.40× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.5M | $8.2M | ||
| Q3 25 | $15.5M | $11.4M | ||
| Q2 25 | $11.9M | $-21.3M | ||
| Q1 25 | $6.2M | $8.5M | ||
| Q4 24 | $65.8M | $-14.7M | ||
| Q3 24 | $18.8M | $-9.4M | ||
| Q2 24 | $14.9M | $-11.9M | ||
| Q1 24 | $1.3M | $-621.0K |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | 3.40× | — | ||
| Q3 25 | 0.86× | — | ||
| Q2 25 | 0.70× | -0.11× | ||
| 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.
