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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) and Evolus, Inc. (EOLS). Click either name above to swap in a different company.

Business First Bancshares, Inc. is the larger business by last-quarter revenue ($83.1M vs $73.1M, roughly 1.1× Evolus, Inc.). On growth, Business First Bancshares, Inc. posted the faster year-over-year revenue change (7.1% vs 6.7%). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (16.8% CAGR vs 4.6%).

First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.

Evolus, Inc. is a medical aesthetics company focused on developing and commercializing non-surgical cosmetic treatment solutions. Its flagship product is a prescription neuromodulator designed to reduce moderate to severe glabellar frown lines, serving licensed aesthetic healthcare providers and consumers across North America, Europe, and key Asia-Pacific regional markets.

BFST vs EOLS — Head-to-Head

Bigger by revenue
BFST
BFST
1.1× larger
BFST
$83.1M
$73.1M
EOLS
Growing faster (revenue YoY)
BFST
BFST
+0.4% gap
BFST
7.1%
6.7%
EOLS
Faster 2-yr revenue CAGR
BFST
BFST
Annualised
BFST
16.8%
4.6%
EOLS

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFST
BFST
EOLS
EOLS
Revenue
$83.1M
$73.1M
Net Profit
$-10.7M
Gross Margin
66.9%
Operating Margin
33.2%
23.8%
Net Margin
-14.6%
Revenue YoY
7.1%
6.7%
Net Profit YoY
EPS (diluted)
$0.71
$-0.16

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
BFST
BFST
EOLS
EOLS
Q1 26
$73.1M
Q4 25
$83.1M
$90.3M
Q3 25
$80.9M
$69.0M
Q2 25
$81.5M
$69.4M
Q1 25
$79.2M
$68.5M
Q4 24
$77.6M
$78.9M
Q3 24
$66.9M
$61.1M
Q2 24
$66.2M
$66.9M
Net Profit
BFST
BFST
EOLS
EOLS
Q1 26
$-10.7M
Q4 25
$130.0K
Q3 25
$22.9M
$-15.7M
Q2 25
$22.1M
$-17.1M
Q1 25
$20.5M
$-18.9M
Q4 24
$-6.8M
Q3 24
$17.8M
$-19.2M
Q2 24
$17.2M
$-11.3M
Gross Margin
BFST
BFST
EOLS
EOLS
Q1 26
66.9%
Q4 25
65.7%
Q3 25
66.5%
Q2 25
65.3%
Q1 25
68.1%
Q4 24
66.7%
Q3 24
68.9%
Q2 24
70.3%
Operating Margin
BFST
BFST
EOLS
EOLS
Q1 26
23.8%
Q4 25
33.2%
4.7%
Q3 25
35.7%
-16.7%
Q2 25
34.4%
-14.7%
Q1 25
32.6%
-22.1%
Q4 24
27.5%
-2.9%
Q3 24
34.0%
-25.3%
Q2 24
32.9%
-11.5%
Net Margin
BFST
BFST
EOLS
EOLS
Q1 26
-14.6%
Q4 25
0.1%
Q3 25
28.2%
-22.8%
Q2 25
27.1%
-24.7%
Q1 25
25.9%
-27.6%
Q4 24
-8.6%
Q3 24
26.7%
-31.4%
Q2 24
26.0%
-17.0%
EPS (diluted)
BFST
BFST
EOLS
EOLS
Q1 26
$-0.16
Q4 25
$0.71
$0.01
Q3 25
$0.73
$-0.24
Q2 25
$0.70
$-0.27
Q1 25
$0.65
$-0.30
Q4 24
$0.51
$-0.11
Q3 24
$0.65
$-0.30
Q2 24
$0.62
$-0.18

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
EOLS
EOLS
Cash + ST InvestmentsLiquidity on hand
$411.2M
$49.8M
Total DebtLower is stronger
$156.4M
Stockholders' EquityBook value
$896.9M
Total Assets
$8.2B
$220.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
EOLS
EOLS
Q1 26
$49.8M
Q4 25
$411.2M
$53.8M
Q3 25
$399.1M
$43.5M
Q2 25
$495.8M
$61.7M
Q1 25
$312.9M
$67.9M
Q4 24
$319.1M
$87.0M
Q3 24
$213.2M
$85.0M
Q2 24
$208.1M
$93.7M
Total Debt
BFST
BFST
EOLS
EOLS
Q1 26
$156.4M
Q4 25
$146.1M
Q3 25
Q2 25
Q1 25
$121.8M
Q4 24
$121.5M
Q3 24
$121.2M
Q2 24
$120.9M
Stockholders' Equity
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
$896.9M
$-23.1M
Q3 25
$878.4M
$-28.8M
Q2 25
$848.4M
$-18.7M
Q1 25
$826.3M
$-6.6M
Q4 24
$799.5M
$5.5M
Q3 24
$699.5M
$5.9M
Q2 24
$664.5M
$19.3M
Total Assets
BFST
BFST
EOLS
EOLS
Q1 26
$220.6M
Q4 25
$8.2B
$225.9M
Q3 25
$8.0B
$219.0M
Q2 25
$7.9B
$228.8M
Q1 25
$7.8B
$213.4M
Q4 24
$7.9B
$232.6M
Q3 24
$6.9B
$229.6M
Q2 24
$6.7B
$233.8M
Debt / Equity
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
22.00×
Q3 24
20.58×
Q2 24
6.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BFST
BFST
EOLS
EOLS
Operating Cash FlowLast quarter
$92.1M
Free Cash FlowOCF − Capex
$92.0M
FCF MarginFCF / Revenue
110.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$165.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
$92.1M
$12.8M
Q3 25
$32.4M
$-14.7M
Q2 25
$14.0M
$-24.8M
Q1 25
$28.7M
$-15.6M
Q4 24
$61.4M
$4.8M
Q3 24
$21.4M
$-5.7M
Q2 24
$15.1M
$-6.5M
Free Cash Flow
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
$92.0M
$11.3M
Q3 25
$32.1M
$-15.6M
Q2 25
$13.8M
$-25.5M
Q1 25
$27.7M
$-16.0M
Q4 24
$59.8M
$4.4M
Q3 24
$21.0M
$-6.0M
Q2 24
$14.0M
$-6.9M
FCF Margin
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
110.7%
12.6%
Q3 25
39.6%
-22.7%
Q2 25
16.9%
-36.7%
Q1 25
34.9%
-23.3%
Q4 24
77.1%
5.5%
Q3 24
31.4%
-9.9%
Q2 24
21.2%
-10.4%
Capex Intensity
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
0.1%
1.6%
Q3 25
0.4%
1.4%
Q2 25
0.3%
1.0%
Q1 25
1.3%
0.5%
Q4 24
2.0%
0.6%
Q3 24
0.6%
0.5%
Q2 24
1.6%
0.7%
Cash Conversion
BFST
BFST
EOLS
EOLS
Q1 26
Q4 25
98.67×
Q3 25
1.42×
Q2 25
0.63×
Q1 25
1.40×
Q4 24
Q3 24
1.20×
Q2 24
0.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BFST
BFST

Segment breakdown not available.

EOLS
EOLS

Product revenue, net$72.7M99%
Service revenue$390.0K1%

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