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

INNODATA INC is the larger business by last-quarter revenue ($90.1M vs $83.1M, roughly 1.1× Business First Bancshares, Inc.). On growth, INNODATA INC posted the faster year-over-year revenue change (54.4% vs 7.1%). Over the past eight quarters, INNODATA INC's revenue compounded faster (66.4% CAGR vs 16.8%).

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.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

BFST vs INOD — Head-to-Head

Bigger by revenue
INOD
INOD
1.1× larger
INOD
$90.1M
$83.1M
BFST
Growing faster (revenue YoY)
INOD
INOD
+47.3% gap
INOD
54.4%
7.1%
BFST
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
66.4%
16.8%
BFST

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFST
BFST
INOD
INOD
Revenue
$83.1M
$90.1M
Net Profit
$14.9M
Gross Margin
Operating Margin
33.2%
Net Margin
16.5%
Revenue YoY
7.1%
54.4%
Net Profit YoY
91.3%
EPS (diluted)
$0.71
$0.42

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
INOD
INOD
Q1 26
$90.1M
Q4 25
$83.1M
$72.4M
Q3 25
$80.9M
$62.5M
Q2 25
$81.5M
$58.4M
Q1 25
$79.2M
$58.3M
Q4 24
$77.6M
$59.2M
Q3 24
$66.9M
$52.2M
Q2 24
$66.2M
$32.6M
Net Profit
BFST
BFST
INOD
INOD
Q1 26
$14.9M
Q4 25
$8.8M
Q3 25
$22.9M
$8.3M
Q2 25
$22.1M
$7.2M
Q1 25
$20.5M
$7.8M
Q4 24
$10.3M
Q3 24
$17.8M
$17.4M
Q2 24
$17.2M
$-14.0K
Gross Margin
BFST
BFST
INOD
INOD
Q1 26
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Operating Margin
BFST
BFST
INOD
INOD
Q1 26
Q4 25
33.2%
15.1%
Q3 25
35.7%
18.8%
Q2 25
34.4%
15.3%
Q1 25
32.6%
14.2%
Q4 24
27.5%
19.0%
Q3 24
34.0%
21.9%
Q2 24
32.9%
1.0%
Net Margin
BFST
BFST
INOD
INOD
Q1 26
16.5%
Q4 25
12.2%
Q3 25
28.2%
13.3%
Q2 25
27.1%
12.4%
Q1 25
25.9%
13.3%
Q4 24
17.4%
Q3 24
26.7%
33.3%
Q2 24
26.0%
-0.0%
EPS (diluted)
BFST
BFST
INOD
INOD
Q1 26
$0.42
Q4 25
$0.71
$0.26
Q3 25
$0.73
$0.24
Q2 25
$0.70
$0.20
Q1 25
$0.65
$0.22
Q4 24
$0.51
$0.35
Q3 24
$0.65
$0.51
Q2 24
$0.62
$0.00

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$411.2M
$117.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$896.9M
$128.2M
Total Assets
$8.2B
$210.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
INOD
INOD
Q1 26
$117.4M
Q4 25
$411.2M
$82.2M
Q3 25
$399.1M
$73.9M
Q2 25
$495.8M
$59.8M
Q1 25
$312.9M
$56.6M
Q4 24
$319.1M
$46.9M
Q3 24
$213.2M
$26.4M
Q2 24
$208.1M
$16.5M
Stockholders' Equity
BFST
BFST
INOD
INOD
Q1 26
$128.2M
Q4 25
$896.9M
$107.1M
Q3 25
$878.4M
$97.3M
Q2 25
$848.4M
$86.7M
Q1 25
$826.3M
$75.5M
Q4 24
$799.5M
$63.5M
Q3 24
$699.5M
$47.7M
Q2 24
$664.5M
$29.0M
Total Assets
BFST
BFST
INOD
INOD
Q1 26
$210.4M
Q4 25
$8.2B
$168.6M
Q3 25
$8.0B
$152.9M
Q2 25
$7.9B
$132.6M
Q1 25
$7.8B
$125.2M
Q4 24
$7.9B
$113.4M
Q3 24
$6.9B
$88.2M
Q2 24
$6.7B
$66.0M

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
INOD
INOD
Operating Cash FlowLast quarter
$92.1M
$37.3M
Free Cash FlowOCF − Capex
$92.0M
FCF MarginFCF / Revenue
110.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
2.50×
TTM Free Cash FlowTrailing 4 quarters
$165.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
INOD
INOD
Q1 26
$37.3M
Q4 25
$92.1M
$12.9M
Q3 25
$32.4M
$18.8M
Q2 25
$14.0M
$4.2M
Q1 25
$28.7M
$10.9M
Q4 24
$61.4M
$17.2M
Q3 24
$21.4M
$11.4M
Q2 24
$15.1M
$-454.0K
Free Cash Flow
BFST
BFST
INOD
INOD
Q1 26
Q4 25
$92.0M
$10.1M
Q3 25
$32.1M
$14.5M
Q2 25
$13.8M
$2.5M
Q1 25
$27.7M
$8.5M
Q4 24
$59.8M
$15.0M
Q3 24
$21.0M
$9.9M
Q2 24
$14.0M
$-3.2M
FCF Margin
BFST
BFST
INOD
INOD
Q1 26
Q4 25
110.7%
13.9%
Q3 25
39.6%
23.2%
Q2 25
16.9%
4.3%
Q1 25
34.9%
14.6%
Q4 24
77.1%
25.3%
Q3 24
31.4%
19.0%
Q2 24
21.2%
-9.8%
Capex Intensity
BFST
BFST
INOD
INOD
Q1 26
Q4 25
0.1%
3.9%
Q3 25
0.4%
6.8%
Q2 25
0.3%
2.9%
Q1 25
1.3%
4.0%
Q4 24
2.0%
3.7%
Q3 24
0.6%
2.8%
Q2 24
1.6%
8.4%
Cash Conversion
BFST
BFST
INOD
INOD
Q1 26
2.50×
Q4 25
1.46×
Q3 25
1.42×
2.25×
Q2 25
0.63×
0.59×
Q1 25
1.40×
1.40×
Q4 24
1.67×
Q3 24
1.20×
0.65×
Q2 24
0.88×

Financial Flow Comparison

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

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