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Side-by-side financial comparison of COMERICA INC (CMA) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $187.0M, roughly 4.7× COMERICA INC). COMERICA INC runs the higher net margin — 94.1% vs 29.4%, a 64.7% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -2.1%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (4.1% CAGR vs -1.3%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
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.
CMA vs FHN — Head-to-Head
Income Statement — Q3 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $187.0M | $888.0M |
| Net Profit | $176.0M | $261.0M |
| Gross Margin | — | — |
| Operating Margin | — | 38.5% |
| Net Margin | 94.1% | 29.4% |
| Revenue YoY | -2.1% | 21.8% |
| Net Profit YoY | -4.3% | 57.2% |
| EPS (diluted) | $1.35 | $0.51 |
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.
| Q4 25 | — | $888.0M | ||
| Q3 25 | $187.0M | $889.0M | ||
| Q2 25 | $185.0M | $830.0M | ||
| Q1 25 | $183.0M | $812.0M | ||
| Q4 24 | $191.0M | $729.0M | ||
| Q3 24 | $191.0M | $827.0M | ||
| Q2 24 | $203.0M | $9.0M | ||
| Q1 24 | $187.0M | $819.0M |
| Q4 25 | — | $261.0M | ||
| Q3 25 | $176.0M | $262.0M | ||
| Q2 25 | $199.0M | $241.0M | ||
| Q1 25 | $172.0M | $218.0M | ||
| Q4 24 | $170.0M | $166.0M | ||
| Q3 24 | $184.0M | $218.0M | ||
| Q2 24 | $206.0M | $199.0M | ||
| Q1 24 | $138.0M | $192.0M |
| Q4 25 | — | 38.5% | ||
| Q3 25 | — | 38.7% | ||
| Q2 25 | — | 37.2% | ||
| Q1 25 | — | 35.1% | ||
| Q4 24 | — | 28.8% | ||
| Q3 24 | — | 34.0% | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 31.0% |
| Q4 25 | — | 29.4% | ||
| Q3 25 | 94.1% | 29.5% | ||
| Q2 25 | 107.6% | 29.0% | ||
| Q1 25 | 94.0% | 26.8% | ||
| Q4 24 | 89.0% | 22.8% | ||
| Q3 24 | 96.3% | 26.4% | ||
| Q2 24 | 101.5% | 2211.1% | ||
| Q1 24 | 73.8% | 23.4% |
| Q4 25 | — | $0.51 | ||
| Q3 25 | $1.35 | $0.50 | ||
| Q2 25 | $1.42 | $0.45 | ||
| Q1 25 | $1.25 | $0.41 | ||
| Q4 24 | $1.22 | $0.29 | ||
| Q3 24 | $1.33 | $0.40 | ||
| Q2 24 | $1.49 | $0.34 | ||
| Q1 24 | $0.98 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $7.4B | $8.8B |
| Total Assets | $77.4B | $83.9B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | — | ||
| Q1 25 | $5.7B | — | ||
| Q4 24 | $6.7B | — | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.1B | — | ||
| Q1 24 | $7.1B | — |
| Q4 25 | — | $8.8B | ||
| Q3 25 | $7.4B | $8.9B | ||
| Q2 25 | $6.9B | $9.0B | ||
| Q1 25 | $7.1B | $8.7B | ||
| Q4 24 | $6.5B | $8.8B | ||
| Q3 24 | $7.4B | $9.0B | ||
| Q2 24 | $6.2B | $8.7B | ||
| Q1 24 | $6.0B | $8.9B |
| Q4 25 | — | $83.9B | ||
| Q3 25 | $77.4B | $83.2B | ||
| Q2 25 | $78.0B | $82.1B | ||
| Q1 25 | $77.6B | $81.5B | ||
| Q4 24 | $79.3B | $82.2B | ||
| Q3 24 | $79.7B | $82.6B | ||
| Q2 24 | $79.6B | $82.2B | ||
| Q1 24 | $79.4B | $81.8B |
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | — | ||
| Q1 25 | 0.81× | — | ||
| Q4 24 | 1.02× | — | ||
| Q3 24 | 0.92× | — | ||
| Q2 24 | 1.15× | — | ||
| Q1 24 | 1.18× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-270.0M | $396.0M |
| Free Cash FlowOCF − Capex | — | $389.0M |
| FCF MarginFCF / Revenue | — | 43.8% |
| Capex IntensityCapex / Revenue | — | 0.8% |
| Cash ConversionOCF / Net Profit | -1.53× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | — | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $396.0M | ||
| Q3 25 | $-270.0M | $-200.0M | ||
| Q2 25 | $476.0M | $83.0M | ||
| Q1 25 | $273.0M | $349.0M | ||
| Q4 24 | $-354.0M | $191.0M | ||
| Q3 24 | $1.0B | $389.0M | ||
| Q2 24 | $111.0M | $-150.0M | ||
| Q1 24 | $-205.0M | $838.0M |
| Q4 25 | — | $389.0M | ||
| Q3 25 | — | $-208.0M | ||
| Q2 25 | — | $74.0M | ||
| Q1 25 | — | $340.0M | ||
| Q4 24 | — | $174.0M | ||
| Q3 24 | — | $383.0M | ||
| Q2 24 | — | $-161.0M | ||
| Q1 24 | — | $828.0M |
| Q4 25 | — | 43.8% | ||
| Q3 25 | — | -23.4% | ||
| Q2 25 | — | 8.9% | ||
| Q1 25 | — | 41.9% | ||
| Q4 24 | — | 23.9% | ||
| Q3 24 | — | 46.3% | ||
| Q2 24 | — | -1788.9% | ||
| Q1 24 | — | 101.1% |
| Q4 25 | — | 0.8% | ||
| Q3 25 | — | 0.9% | ||
| Q2 25 | — | 1.1% | ||
| Q1 25 | — | 1.1% | ||
| Q4 24 | — | 2.3% | ||
| Q3 24 | — | 0.7% | ||
| Q2 24 | — | 122.2% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | — | 1.52× | ||
| Q3 25 | -1.53× | -0.76× | ||
| Q2 25 | 2.39× | 0.34× | ||
| Q1 25 | 1.59× | 1.60× | ||
| Q4 24 | -2.08× | 1.15× | ||
| Q3 24 | 5.70× | 1.78× | ||
| Q2 24 | 0.54× | -0.75× | ||
| Q1 24 | -1.49× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CMA
| Business Bank | $93.0M | 50% |
| Credit And Debit Card | $47.0M | 25% |
| Retail Bank | $28.0M | 15% |
| Capital Markets | $9.0M | 5% |
| Other | $6.0M | 3% |
| Commercial Loan | $3.0M | 2% |
| Brokerage Commissions Revenue | $1.0M | 1% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
