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

Inotiv, Inc. is the larger business by last-quarter revenue ($120.9M vs $83.1M, roughly 1.5× Business First Bancshares, Inc.). On growth, Business First Bancshares, Inc. posted the faster year-over-year revenue change (7.1% vs 0.8%). Business First Bancshares, Inc. produced more free cash flow last quarter ($92.0M vs $-10.6M). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (16.8% CAGR vs 0.8%).

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.

Inotiv, Inc. is a contract research organization organized in Indiana and headquartered in Lafayette, Indiana. The company operates two core business units: Discovery and Safety Assessment (DSA) and Research Models and Services (RMS). The CRS business unit offers drug development and environmental sciences services, including safety assessment, analytical, metabolism, CMC and regulatory consultancy for small molecule drug candidates, biotherapeutics, and biomedical devices. The RMS business u...

BFST vs NOTV — Head-to-Head

Bigger by revenue
NOTV
NOTV
1.5× larger
NOTV
$120.9M
$83.1M
BFST
Growing faster (revenue YoY)
BFST
BFST
+6.3% gap
BFST
7.1%
0.8%
NOTV
More free cash flow
BFST
BFST
$102.6M more FCF
BFST
$92.0M
$-10.6M
NOTV
Faster 2-yr revenue CAGR
BFST
BFST
Annualised
BFST
16.8%
0.8%
NOTV

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFST
BFST
NOTV
NOTV
Revenue
$83.1M
$120.9M
Net Profit
$-28.4M
Gross Margin
Operating Margin
33.2%
-13.5%
Net Margin
-23.5%
Revenue YoY
7.1%
0.8%
Net Profit YoY
-2.7%
EPS (diluted)
$0.71
$-0.83

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
NOTV
NOTV
Q4 25
$83.1M
$120.9M
Q3 25
$80.9M
$138.1M
Q2 25
$81.5M
$130.7M
Q1 25
$79.2M
$124.3M
Q4 24
$77.6M
$119.9M
Q3 24
$66.9M
$130.4M
Q2 24
$66.2M
$105.8M
Q1 24
$60.9M
$119.0M
Net Profit
BFST
BFST
NOTV
NOTV
Q4 25
$-28.4M
Q3 25
$22.9M
$-8.6M
Q2 25
$22.1M
$-17.6M
Q1 25
$20.5M
$-14.9M
Q4 24
$-27.6M
Q3 24
$17.8M
$-18.9M
Q2 24
$17.2M
$-26.1M
Q1 24
$13.6M
$-48.1M
Operating Margin
BFST
BFST
NOTV
NOTV
Q4 25
33.2%
-13.5%
Q3 25
35.7%
-4.9%
Q2 25
34.4%
-4.3%
Q1 25
32.6%
-2.4%
Q4 24
27.5%
-12.9%
Q3 24
34.0%
-10.1%
Q2 24
32.9%
-19.6%
Q1 24
28.2%
-36.2%
Net Margin
BFST
BFST
NOTV
NOTV
Q4 25
-23.5%
Q3 25
28.2%
-6.2%
Q2 25
27.1%
-13.5%
Q1 25
25.9%
-12.0%
Q4 24
-23.0%
Q3 24
26.7%
-14.5%
Q2 24
26.0%
-24.7%
Q1 24
22.3%
-40.4%
EPS (diluted)
BFST
BFST
NOTV
NOTV
Q4 25
$0.71
$-0.83
Q3 25
$0.73
$-0.14
Q2 25
$0.70
$-0.51
Q1 25
$0.65
$-0.44
Q4 24
$0.51
$-1.02
Q3 24
$0.65
$-0.73
Q2 24
$0.62
$-1.00
Q1 24
$0.48
$-1.86

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
NOTV
NOTV
Cash + ST InvestmentsLiquidity on hand
$411.2M
$12.7M
Total DebtLower is stronger
$405.8M
Stockholders' EquityBook value
$896.9M
$109.0M
Total Assets
$8.2B
$734.3M
Debt / EquityLower = less leverage
3.72×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
NOTV
NOTV
Q4 25
$411.2M
$12.7M
Q3 25
$399.1M
$21.7M
Q2 25
$495.8M
$6.2M
Q1 25
$312.9M
$19.3M
Q4 24
$319.1M
$38.0M
Q3 24
$213.2M
$21.4M
Q2 24
$208.1M
$14.4M
Q1 24
$185.9M
$32.7M
Total Debt
BFST
BFST
NOTV
NOTV
Q4 25
$405.8M
Q3 25
$402.1M
Q2 25
$396.5M
Q1 25
$399.5M
Q4 24
$396.0M
Q3 24
$393.3M
Q2 24
$382.4M
Q1 24
$380.6M
Stockholders' Equity
BFST
BFST
NOTV
NOTV
Q4 25
$896.9M
$109.0M
Q3 25
$878.4M
$136.0M
Q2 25
$848.4M
$143.8M
Q1 25
$826.3M
$157.7M
Q4 24
$799.5M
$169.8M
Q3 24
$699.5M
$170.5M
Q2 24
$664.5M
$182.1M
Q1 24
$649.0M
$207.2M
Total Assets
BFST
BFST
NOTV
NOTV
Q4 25
$8.2B
$734.3M
Q3 25
$8.0B
$771.1M
Q2 25
$7.9B
$759.7M
Q1 25
$7.8B
$766.0M
Q4 24
$7.9B
$772.9M
Q3 24
$6.9B
$781.4M
Q2 24
$6.7B
$774.6M
Q1 24
$6.7B
$815.4M
Debt / Equity
BFST
BFST
NOTV
NOTV
Q4 25
3.72×
Q3 25
2.96×
Q2 25
2.76×
Q1 25
2.53×
Q4 24
2.33×
Q3 24
2.31×
Q2 24
2.10×
Q1 24
1.84×

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
NOTV
NOTV
Operating Cash FlowLast quarter
$92.1M
$-5.4M
Free Cash FlowOCF − Capex
$92.0M
$-10.6M
FCF MarginFCF / Revenue
110.7%
-8.8%
Capex IntensityCapex / Revenue
0.1%
4.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$165.6M
$-28.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
NOTV
NOTV
Q4 25
$92.1M
$-5.4M
Q3 25
$32.4M
$14.3M
Q2 25
$14.0M
$-7.4M
Q1 25
$28.7M
$-12.8M
Q4 24
$61.4M
$-4.5M
Q3 24
$21.4M
$-2.4M
Q2 24
$15.1M
$-14.8M
Q1 24
$7.6M
$16.9M
Free Cash Flow
BFST
BFST
NOTV
NOTV
Q4 25
$92.0M
$-10.6M
Q3 25
$32.1M
$11.6M
Q2 25
$13.8M
$-11.5M
Q1 25
$27.7M
$-18.3M
Q4 24
$59.8M
$-9.0M
Q3 24
$21.0M
$-7.7M
Q2 24
$14.0M
$-19.2M
Q1 24
$7.2M
$9.9M
FCF Margin
BFST
BFST
NOTV
NOTV
Q4 25
110.7%
-8.8%
Q3 25
39.6%
8.4%
Q2 25
16.9%
-8.8%
Q1 25
34.9%
-14.7%
Q4 24
77.1%
-7.5%
Q3 24
31.4%
-5.9%
Q2 24
21.2%
-18.2%
Q1 24
11.8%
8.3%
Capex Intensity
BFST
BFST
NOTV
NOTV
Q4 25
0.1%
4.3%
Q3 25
0.4%
1.9%
Q2 25
0.3%
3.1%
Q1 25
1.3%
4.4%
Q4 24
2.0%
3.7%
Q3 24
0.6%
4.1%
Q2 24
1.6%
4.2%
Q1 24
0.6%
5.9%
Cash Conversion
BFST
BFST
NOTV
NOTV
Q4 25
Q3 25
1.42×
Q2 25
0.63×
Q1 25
1.40×
Q4 24
Q3 24
1.20×
Q2 24
0.88×
Q1 24
0.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

BFST
BFST

Segment breakdown not available.

NOTV
NOTV

Research Models And Services Segment$72.9M60%
Discovery And Safety Assessment Segment$48.0M40%

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