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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) and IMPINJ INC (PI). 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 $74.3M, roughly 1.1× IMPINJ INC). On growth, Business First Bancshares, Inc. posted the faster year-over-year revenue change (7.1% vs -0.0%). Business First Bancshares, Inc. produced more free cash flow last quarter ($92.0M vs $2.2M). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (16.8% CAGR vs -14.9%).

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.

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

BFST vs PI — Head-to-Head

Bigger by revenue
BFST
BFST
1.1× larger
BFST
$83.1M
$74.3M
PI
Growing faster (revenue YoY)
BFST
BFST
+7.1% gap
BFST
7.1%
-0.0%
PI
More free cash flow
BFST
BFST
$89.8M more FCF
BFST
$92.0M
$2.2M
PI
Faster 2-yr revenue CAGR
BFST
BFST
Annualised
BFST
16.8%
-14.9%
PI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
BFST
BFST
PI
PI
Revenue
$83.1M
$74.3M
Net Profit
$8.3M
Gross Margin
49.1%
Operating Margin
33.2%
30.5%
Net Margin
11.2%
Revenue YoY
7.1%
-0.0%
Net Profit YoY
EPS (diluted)
$0.71
$0.14

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
PI
PI
Q1 26
$74.3M
Q4 25
$83.1M
$92.8M
Q3 25
$80.9M
$96.1M
Q2 25
$81.5M
$97.9M
Q1 25
$79.2M
$74.3M
Q4 24
$77.6M
$91.6M
Q3 24
$66.9M
$95.2M
Q2 24
$66.2M
$102.5M
Net Profit
BFST
BFST
PI
PI
Q1 26
$8.3M
Q4 25
$-1.1M
Q3 25
$22.9M
$-12.8M
Q2 25
$22.1M
$11.6M
Q1 25
$20.5M
$-8.5M
Q4 24
$-2.7M
Q3 24
$17.8M
$221.0K
Q2 24
$17.2M
$10.0M
Gross Margin
BFST
BFST
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
57.8%
Q1 25
49.4%
Q4 24
50.5%
Q3 24
50.0%
Q2 24
56.1%
Operating Margin
BFST
BFST
PI
PI
Q1 26
30.5%
Q4 25
33.2%
-2.9%
Q3 25
35.7%
0.7%
Q2 25
34.4%
11.1%
Q1 25
32.6%
-12.9%
Q4 24
27.5%
-3.9%
Q3 24
34.0%
-0.8%
Q2 24
32.9%
8.8%
Net Margin
BFST
BFST
PI
PI
Q1 26
11.2%
Q4 25
-1.2%
Q3 25
28.2%
-13.3%
Q2 25
27.1%
11.8%
Q1 25
25.9%
-11.4%
Q4 24
-2.9%
Q3 24
26.7%
0.2%
Q2 24
26.0%
9.7%
EPS (diluted)
BFST
BFST
PI
PI
Q1 26
$0.14
Q4 25
$0.71
$-0.02
Q3 25
$0.73
$-0.44
Q2 25
$0.70
$0.39
Q1 25
$0.65
$-0.30
Q4 24
$0.51
$-0.06
Q3 24
$0.65
$0.01
Q2 24
$0.62
$0.34

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
PI
PI
Cash + ST InvestmentsLiquidity on hand
$411.2M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$896.9M
Total Assets
$8.2B
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
PI
PI
Q1 26
$131.8M
Q4 25
$411.2M
$175.3M
Q3 25
$399.1M
$190.1M
Q2 25
$495.8M
$193.2M
Q1 25
$312.9M
$147.9M
Q4 24
$319.1M
$164.7M
Q3 24
$213.2M
$170.3M
Q2 24
$208.1M
$220.2M
Total Debt
BFST
BFST
PI
PI
Q1 26
$241.5M
Q4 25
$280.9M
Q3 25
$280.4M
Q2 25
Q1 25
Q4 24
$283.5M
Q3 24
Q2 24
Stockholders' Equity
BFST
BFST
PI
PI
Q1 26
Q4 25
$896.9M
$209.2M
Q3 25
$878.4M
$195.0M
Q2 25
$848.4M
$187.7M
Q1 25
$826.3M
$160.6M
Q4 24
$799.5M
$149.9M
Q3 24
$699.5M
$136.1M
Q2 24
$664.5M
$117.0M
Total Assets
BFST
BFST
PI
PI
Q1 26
$502.5M
Q4 25
$8.2B
$545.2M
Q3 25
$8.0B
$516.5M
Q2 25
$7.9B
$508.8M
Q1 25
$7.8B
$479.8M
Q4 24
$7.9B
$489.1M
Q3 24
$6.9B
$476.4M
Q2 24
$6.7B
$446.1M
Debt / Equity
BFST
BFST
PI
PI
Q1 26
Q4 25
1.34×
Q3 25
1.44×
Q2 25
Q1 25
Q4 24
1.89×
Q3 24
Q2 24

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
PI
PI
Operating Cash FlowLast quarter
$92.1M
Free Cash FlowOCF − Capex
$92.0M
$2.2M
FCF MarginFCF / Revenue
110.7%
3.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$165.6M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BFST
BFST
PI
PI
Q1 26
Q4 25
$92.1M
$15.1M
Q3 25
$32.4M
$20.9M
Q2 25
$14.0M
$33.9M
Q1 25
$28.7M
$-11.1M
Q4 24
$61.4M
$12.6M
Q3 24
$21.4M
$10.1M
Q2 24
$15.1M
$45.5M
Free Cash Flow
BFST
BFST
PI
PI
Q1 26
$2.2M
Q4 25
$92.0M
$13.6M
Q3 25
$32.1M
$18.0M
Q2 25
$13.8M
$27.3M
Q1 25
$27.7M
$-13.0M
Q4 24
$59.8M
$8.5M
Q3 24
$21.0M
$4.7M
Q2 24
$14.0M
$44.1M
FCF Margin
BFST
BFST
PI
PI
Q1 26
3.0%
Q4 25
110.7%
14.7%
Q3 25
39.6%
18.7%
Q2 25
16.9%
27.9%
Q1 25
34.9%
-17.5%
Q4 24
77.1%
9.3%
Q3 24
31.4%
4.9%
Q2 24
21.2%
43.0%
Capex Intensity
BFST
BFST
PI
PI
Q1 26
Q4 25
0.1%
1.6%
Q3 25
0.4%
3.1%
Q2 25
0.3%
6.7%
Q1 25
1.3%
2.5%
Q4 24
2.0%
4.5%
Q3 24
0.6%
5.7%
Q2 24
1.6%
1.3%
Cash Conversion
BFST
BFST
PI
PI
Q1 26
Q4 25
Q3 25
1.42×
Q2 25
0.63×
2.93×
Q1 25
1.40×
Q4 24
Q3 24
1.20×
45.56×
Q2 24
0.88×
4.56×

Financial Flow Comparison

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

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