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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) and Twin Hospitality Group Inc. (TWNP). 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 $82.3M, roughly 1.0× Twin Hospitality Group Inc.). Business First Bancshares, Inc. produced more free cash flow last quarter ($92.0M vs $-7.4M).

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.

Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.

BFST vs TWNP — Head-to-Head

Bigger by revenue
BFST
BFST
1.0× larger
BFST
$83.1M
$82.3M
TWNP
More free cash flow
BFST
BFST
$99.5M more FCF
BFST
$92.0M
$-7.4M
TWNP

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
BFST
BFST
TWNP
TWNP
Revenue
$83.1M
$82.3M
Net Profit
$-24.5M
Gross Margin
Operating Margin
33.2%
-16.2%
Net Margin
-29.7%
Revenue YoY
7.1%
Net Profit YoY
EPS (diluted)
$0.71
$-0.43

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
TWNP
TWNP
Q4 25
$83.1M
Q3 25
$80.9M
$82.3M
Q2 25
$81.5M
$87.8M
Q1 25
$79.2M
$87.1M
Q4 24
$77.6M
Q3 24
$66.9M
Q2 24
$66.2M
Q1 24
$60.9M
Net Profit
BFST
BFST
TWNP
TWNP
Q4 25
Q3 25
$22.9M
$-24.5M
Q2 25
$22.1M
$-20.8M
Q1 25
$20.5M
$-12.1M
Q4 24
Q3 24
$17.8M
Q2 24
$17.2M
Q1 24
$13.6M
Operating Margin
BFST
BFST
TWNP
TWNP
Q4 25
33.2%
Q3 25
35.7%
-16.2%
Q2 25
34.4%
-13.2%
Q1 25
32.6%
-1.2%
Q4 24
27.5%
Q3 24
34.0%
Q2 24
32.9%
Q1 24
28.2%
Net Margin
BFST
BFST
TWNP
TWNP
Q4 25
Q3 25
28.2%
-29.7%
Q2 25
27.1%
-23.7%
Q1 25
25.9%
-13.9%
Q4 24
Q3 24
26.7%
Q2 24
26.0%
Q1 24
22.3%
EPS (diluted)
BFST
BFST
TWNP
TWNP
Q4 25
$0.71
Q3 25
$0.73
$-0.43
Q2 25
$0.70
$-0.38
Q1 25
$0.65
$-0.26
Q4 24
$0.51
Q3 24
$0.65
Q2 24
$0.62
Q1 24
$0.48

Balance Sheet & Financial Strength

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

Metric
BFST
BFST
TWNP
TWNP
Cash + ST InvestmentsLiquidity on hand
$411.2M
Total DebtLower is stronger
$402.8M
Stockholders' EquityBook value
$896.9M
$-92.1M
Total Assets
$8.2B
$516.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BFST
BFST
TWNP
TWNP
Q4 25
$411.2M
Q3 25
$399.1M
Q2 25
$495.8M
Q1 25
$312.9M
Q4 24
$319.1M
Q3 24
$213.2M
Q2 24
$208.1M
Q1 24
$185.9M
Total Debt
BFST
BFST
TWNP
TWNP
Q4 25
Q3 25
$402.8M
Q2 25
$411.3M
Q1 25
$413.0M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
BFST
BFST
TWNP
TWNP
Q4 25
$896.9M
Q3 25
$878.4M
$-92.1M
Q2 25
$848.4M
$-78.6M
Q1 25
$826.3M
$-101.9M
Q4 24
$799.5M
Q3 24
$699.5M
Q2 24
$664.5M
Q1 24
$649.0M
Total Assets
BFST
BFST
TWNP
TWNP
Q4 25
$8.2B
Q3 25
$8.0B
$516.8M
Q2 25
$7.9B
$535.1M
Q1 25
$7.8B
$544.2M
Q4 24
$7.9B
Q3 24
$6.9B
Q2 24
$6.7B
Q1 24
$6.7B

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
TWNP
TWNP
Operating Cash FlowLast quarter
$92.1M
$-5.9M
Free Cash FlowOCF − Capex
$92.0M
$-7.4M
FCF MarginFCF / Revenue
110.7%
-9.0%
Capex IntensityCapex / Revenue
0.1%
1.9%
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
TWNP
TWNP
Q4 25
$92.1M
Q3 25
$32.4M
$-5.9M
Q2 25
$14.0M
$-8.8M
Q1 25
$28.7M
$-5.7M
Q4 24
$61.4M
Q3 24
$21.4M
Q2 24
$15.1M
Q1 24
$7.6M
Free Cash Flow
BFST
BFST
TWNP
TWNP
Q4 25
$92.0M
Q3 25
$32.1M
$-7.4M
Q2 25
$13.8M
$-10.6M
Q1 25
$27.7M
$-9.7M
Q4 24
$59.8M
Q3 24
$21.0M
Q2 24
$14.0M
Q1 24
$7.2M
FCF Margin
BFST
BFST
TWNP
TWNP
Q4 25
110.7%
Q3 25
39.6%
-9.0%
Q2 25
16.9%
-12.1%
Q1 25
34.9%
-11.2%
Q4 24
77.1%
Q3 24
31.4%
Q2 24
21.2%
Q1 24
11.8%
Capex Intensity
BFST
BFST
TWNP
TWNP
Q4 25
0.1%
Q3 25
0.4%
1.9%
Q2 25
0.3%
2.1%
Q1 25
1.3%
4.6%
Q4 24
2.0%
Q3 24
0.6%
Q2 24
1.6%
Q1 24
0.6%
Cash Conversion
BFST
BFST
TWNP
TWNP
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.

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