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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and FIRST FINANCIAL BANKSHARES INC (FFIN). Click either name above to swap in a different company.

FIRST FINANCIAL BANKSHARES INC is the larger business by last-quarter revenue ($164.7M vs $132.7M, roughly 1.2× Emerald Holding, Inc.). FIRST FINANCIAL BANKSHARES INC runs the higher net margin — 44.5% vs -22.8%, a 67.3% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 12.0%). FIRST FINANCIAL BANKSHARES INC produced more free cash flow last quarter ($286.0M vs $11.7M). Over the past eight quarters, FIRST FINANCIAL BANKSHARES INC's revenue compounded faster (12.7% CAGR vs -0.3%).

TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.

First Financial Bank is a regional bank operated by First Financial Corporation and based in Terre Haute, Indiana. It is the oldest national bank in Indiana and the fifth oldest national bank in the United States. First Financial Corporation is Vigo County's only publicly traded company.

EEX vs FFIN — Head-to-Head

Bigger by revenue
FFIN
FFIN
1.2× larger
FFIN
$164.7M
$132.7M
EEX
Growing faster (revenue YoY)
EEX
EEX
+12.3% gap
EEX
24.3%
12.0%
FFIN
Higher net margin
FFIN
FFIN
67.3% more per $
FFIN
44.5%
-22.8%
EEX
More free cash flow
FFIN
FFIN
$274.3M more FCF
FFIN
$286.0M
$11.7M
EEX
Faster 2-yr revenue CAGR
FFIN
FFIN
Annualised
FFIN
12.7%
-0.3%
EEX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EEX
EEX
FFIN
FFIN
Revenue
$132.7M
$164.7M
Net Profit
$-30.2M
$73.3M
Gross Margin
Operating Margin
-11.8%
54.4%
Net Margin
-22.8%
44.5%
Revenue YoY
24.3%
12.0%
Net Profit YoY
-692.2%
17.6%
EPS (diluted)
$-0.15
$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.

Revenue
EEX
EEX
FFIN
FFIN
Q4 25
$132.7M
$164.7M
Q3 25
$77.5M
$161.3M
Q2 25
$105.5M
$156.6M
Q1 25
$147.7M
$149.0M
Q4 24
$106.8M
$147.1M
Q3 24
$72.6M
$139.5M
Q2 24
$86.0M
$134.5M
Q1 24
$133.4M
$129.6M
Net Profit
EEX
EEX
FFIN
FFIN
Q4 25
$-30.2M
$73.3M
Q3 25
$-14.4M
$52.3M
Q2 25
$-1.4M
$66.7M
Q1 25
$15.3M
$61.3M
Q4 24
$5.1M
$62.3M
Q3 24
$-11.1M
$55.3M
Q2 24
$-2.8M
$52.5M
Q1 24
$11.0M
$53.4M
Operating Margin
EEX
EEX
FFIN
FFIN
Q4 25
-11.8%
54.4%
Q3 25
-10.1%
39.2%
Q2 25
9.7%
52.2%
Q1 25
24.2%
50.4%
Q4 24
19.5%
51.7%
Q3 24
-6.5%
48.3%
Q2 24
7.4%
47.3%
Q1 24
18.2%
50.0%
Net Margin
EEX
EEX
FFIN
FFIN
Q4 25
-22.8%
44.5%
Q3 25
-18.6%
32.4%
Q2 25
-1.3%
42.6%
Q1 25
10.4%
41.2%
Q4 24
4.8%
42.4%
Q3 24
-15.3%
39.7%
Q2 24
-3.3%
39.0%
Q1 24
8.2%
41.2%
EPS (diluted)
EEX
EEX
FFIN
FFIN
Q4 25
$-0.15
$0.51
Q3 25
$-0.07
$0.36
Q2 25
$-0.01
$0.47
Q1 25
$0.08
$0.43
Q4 24
$0.01
$0.43
Q3 24
$-0.05
$0.39
Q2 24
$-0.03
$0.37
Q1 24
$0.00
$0.37

Balance Sheet & Financial Strength

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

Metric
EEX
EEX
FFIN
FFIN
Cash + ST InvestmentsLiquidity on hand
$100.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$338.8M
$1.9B
Total Assets
$1.2B
$15.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EEX
EEX
FFIN
FFIN
Q4 25
$100.9M
Q3 25
$95.4M
Q2 25
$156.4M
Q1 25
$276.8M
Q4 24
$194.8M
Q3 24
$188.9M
Q2 24
$193.2M
Q1 24
$186.8M
Stockholders' Equity
EEX
EEX
FFIN
FFIN
Q4 25
$338.8M
$1.9B
Q3 25
$369.5M
$1.8B
Q2 25
$389.4M
$1.7B
Q1 25
$392.1M
$1.7B
Q4 24
$385.9M
$1.6B
Q3 24
$391.1M
$1.7B
Q2 24
$407.6M
$1.5B
Q1 24
$-90.7M
$1.5B
Total Assets
EEX
EEX
FFIN
FFIN
Q4 25
$1.2B
$15.4B
Q3 25
$1.2B
$14.8B
Q2 25
$1.2B
$14.4B
Q1 25
$1.2B
$14.3B
Q4 24
$1.0B
$14.0B
Q3 24
$1.1B
$13.6B
Q2 24
$1.1B
$13.2B
Q1 24
$1.1B
$13.2B

Cash Flow & Capital Efficiency

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

Metric
EEX
EEX
FFIN
FFIN
Operating Cash FlowLast quarter
$12.3M
$299.4M
Free Cash FlowOCF − Capex
$11.7M
$286.0M
FCF MarginFCF / Revenue
8.8%
173.6%
Capex IntensityCapex / Revenue
0.5%
8.2%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$41.4M
$503.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EEX
EEX
FFIN
FFIN
Q4 25
$12.3M
$299.4M
Q3 25
$1.8M
$86.5M
Q2 25
$15.9M
$61.3M
Q1 25
$12.6M
$76.8M
Q4 24
$20.6M
$309.6M
Q3 24
$9.1M
$80.7M
Q2 24
$9.8M
$68.8M
Q1 24
$7.3M
$75.6M
Free Cash Flow
EEX
EEX
FFIN
FFIN
Q4 25
$11.7M
$286.0M
Q3 25
$1.5M
$83.7M
Q2 25
$15.8M
$58.7M
Q1 25
$12.4M
$74.7M
Q4 24
$19.9M
$292.9M
Q3 24
$9.0M
$77.7M
Q2 24
$9.6M
$63.8M
Q1 24
$7.0M
$71.7M
FCF Margin
EEX
EEX
FFIN
FFIN
Q4 25
8.8%
173.6%
Q3 25
1.9%
51.9%
Q2 25
15.0%
37.5%
Q1 25
8.4%
50.1%
Q4 24
18.6%
199.1%
Q3 24
12.4%
55.7%
Q2 24
11.2%
47.4%
Q1 24
5.2%
55.3%
Capex Intensity
EEX
EEX
FFIN
FFIN
Q4 25
0.5%
8.2%
Q3 25
0.4%
1.7%
Q2 25
0.1%
1.6%
Q1 25
0.1%
1.4%
Q4 24
0.7%
11.4%
Q3 24
0.1%
2.2%
Q2 24
0.2%
3.7%
Q1 24
0.2%
3.0%
Cash Conversion
EEX
EEX
FFIN
FFIN
Q4 25
4.08×
Q3 25
1.65×
Q2 25
0.92×
Q1 25
0.82×
1.25×
Q4 24
4.04×
4.97×
Q3 24
1.46×
Q2 24
1.31×
Q1 24
0.66×
1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EEX
EEX

Connections Segment$121.9M92%
Commerce Segment$5.5M4%
Content$5.3M4%

FFIN
FFIN

Segment breakdown not available.

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