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Side-by-side financial comparison of Cheer Holding, Inc. (CHR) and HORIZON BANCORP INC (HBNC). Click either name above to swap in a different company.

Cheer Holding, Inc. is the larger business by last-quarter revenue ($71.0M vs $63.5M, roughly 1.1× HORIZON BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs 10.9%, a 31.5% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs -0.1%).

Cheer Holding, Inc. is a diversified holding company primarily operating in the Chinese market, with core business segments covering early childhood education services, mobile lifestyle platforms, digital content offerings, and integrated consumer solutions for households and enterprise partners across multiple demand scenarios.

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.

CHR vs HBNC — Head-to-Head

Bigger by revenue
CHR
CHR
1.1× larger
CHR
$71.0M
$63.5M
HBNC
Growing faster (revenue YoY)
HBNC
HBNC
+19.6% gap
HBNC
19.5%
-0.1%
CHR
Higher net margin
HBNC
HBNC
31.5% more per $
HBNC
42.4%
10.9%
CHR

Income Statement — Q2 FY2025 vs Q4 FY2025

Metric
CHR
CHR
HBNC
HBNC
Revenue
$71.0M
$63.5M
Net Profit
$7.8M
$26.9M
Gross Margin
70.7%
Operating Margin
11.7%
51.5%
Net Margin
10.9%
42.4%
Revenue YoY
-0.1%
19.5%
Net Profit YoY
-37.5%
347.4%
EPS (diluted)
$0.67
$0.44

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
CHR
CHR
HBNC
HBNC
Q4 25
$63.5M
Q3 25
$58.4M
Q2 25
$71.0M
$66.3M
Q1 25
$68.8M
Q4 24
$53.1M
Q3 24
$58.4M
Q2 24
$71.1M
$55.8M
Q1 24
$53.2M
Net Profit
CHR
CHR
HBNC
HBNC
Q4 25
$26.9M
Q3 25
$-222.0M
Q2 25
$7.8M
$20.6M
Q1 25
$23.9M
Q4 24
$-10.9M
Q3 24
$18.2M
Q2 24
$12.4M
$14.1M
Q1 24
$14.0M
Gross Margin
CHR
CHR
HBNC
HBNC
Q4 25
Q3 25
Q2 25
70.7%
Q1 25
Q4 24
Q3 24
Q2 24
73.4%
Q1 24
Operating Margin
CHR
CHR
HBNC
HBNC
Q4 25
51.5%
Q3 25
-490.4%
Q2 25
11.7%
36.8%
Q1 25
40.8%
Q4 24
-41.3%
Q3 24
31.0%
Q2 24
16.4%
28.5%
Q1 24
28.8%
Net Margin
CHR
CHR
HBNC
HBNC
Q4 25
42.4%
Q3 25
-380.2%
Q2 25
10.9%
31.1%
Q1 25
34.8%
Q4 24
-20.5%
Q3 24
31.1%
Q2 24
17.5%
25.4%
Q1 24
26.3%
EPS (diluted)
CHR
CHR
HBNC
HBNC
Q4 25
$0.44
Q3 25
$-4.69
Q2 25
$0.67
$0.47
Q1 25
$0.54
Q4 24
$-0.25
Q3 24
$0.41
Q2 24
$1.23
$0.32
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
CHR
CHR
HBNC
HBNC
Cash + ST InvestmentsLiquidity on hand
$139.5M
Total DebtLower is stronger
$248.6M
Stockholders' EquityBook value
$322.1M
$688.3M
Total Assets
$362.7M
$6.4B
Debt / EquityLower = less leverage
0.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHR
CHR
HBNC
HBNC
Q4 25
$139.5M
Q3 25
$458.3M
Q2 25
$137.9M
Q1 25
$169.7M
Q4 24
$293.4M
Q3 24
$234.8M
Q2 24
$186.1M
$146.1M
Q1 24
Total Debt
CHR
CHR
HBNC
HBNC
Q4 25
$248.6M
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CHR
CHR
HBNC
HBNC
Q4 25
$688.3M
Q3 25
$660.8M
Q2 25
$322.1M
$790.9M
Q1 25
$776.1M
Q4 24
$763.6M
Q3 24
$754.8M
Q2 24
$286.1M
$726.7M
Q1 24
$721.3M
Total Assets
CHR
CHR
HBNC
HBNC
Q4 25
$6.4B
Q3 25
$6.7B
Q2 25
$362.7M
$7.7B
Q1 25
$7.6B
Q4 24
$7.8B
Q3 24
$7.9B
Q2 24
$333.2M
$7.9B
Q1 24
$7.9B
Debt / Equity
CHR
CHR
HBNC
HBNC
Q4 25
0.36×
Q3 25
Q2 25
Q1 25
Q4 24
1.61×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
CHR
CHR
HBNC
HBNC
Operating Cash FlowLast quarter
$3.9M
$79.2M
Free Cash FlowOCF − Capex
$74.3M
FCF MarginFCF / Revenue
117.0%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
0.51×
2.94×
TTM Free Cash FlowTrailing 4 quarters
$115.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHR
CHR
HBNC
HBNC
Q4 25
$79.2M
Q3 25
$10.9M
Q2 25
$3.9M
$19.5M
Q1 25
$15.2M
Q4 24
$6.4M
Q3 24
$32.3M
Q2 24
$-6.7M
$15.9M
Q1 24
$6.5M
Free Cash Flow
CHR
CHR
HBNC
HBNC
Q4 25
$74.3M
Q3 25
$9.4M
Q2 25
$18.1M
Q1 25
$14.1M
Q4 24
$1.3M
Q3 24
$31.0M
Q2 24
$15.1M
Q1 24
$5.4M
FCF Margin
CHR
CHR
HBNC
HBNC
Q4 25
117.0%
Q3 25
16.1%
Q2 25
27.3%
Q1 25
20.5%
Q4 24
2.4%
Q3 24
53.1%
Q2 24
27.1%
Q1 24
10.1%
Capex Intensity
CHR
CHR
HBNC
HBNC
Q4 25
7.8%
Q3 25
2.6%
Q2 25
2.1%
Q1 25
1.6%
Q4 24
9.6%
Q3 24
2.2%
Q2 24
1.5%
Q1 24
2.2%
Cash Conversion
CHR
CHR
HBNC
HBNC
Q4 25
2.94×
Q3 25
Q2 25
0.51×
0.94×
Q1 25
0.64×
Q4 24
Q3 24
1.78×
Q2 24
-0.54×
1.13×
Q1 24
0.47×

Financial Flow Comparison

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

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