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Side-by-side financial comparison of Evergy (EVRG) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
Evergy is the larger business by last-quarter revenue ($1.3B vs $888.0M, roughly 1.5× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 6.5%, a 22.9% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 5.3%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $-530.5M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 0.4%).
Evergy, Inc. is an American investor-owned utility (IOU) with publicly traded stock with headquarters in Topeka, Kansas, and in Kansas City, Missouri. The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, parent company of Kansas City Power & Light. Evergy is the largest electric company in Kansas, serving more than 1.7 million residential, commercial and industrial customers in Kansas and Missouri.
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.
EVRG vs FHN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $888.0M |
| Net Profit | $84.3M | $261.0M |
| Gross Margin | — | — |
| Operating Margin | 18.5% | 38.5% |
| Net Margin | 6.5% | 29.4% |
| Revenue YoY | 5.3% | 21.8% |
| Net Profit YoY | 7.8% | 57.2% |
| EPS (diluted) | $0.35 | $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 | $1.3B | $888.0M | ||
| Q3 25 | $1.8B | $889.0M | ||
| Q2 25 | $1.4B | $830.0M | ||
| Q1 25 | $1.3B | $812.0M | ||
| Q4 24 | $1.2B | $729.0M | ||
| Q3 24 | $1.8B | $827.0M | ||
| Q2 24 | $1.4B | — | ||
| Q1 24 | $1.3B | $819.0M |
| Q4 25 | $84.3M | $261.0M | ||
| Q3 25 | $475.0M | $262.0M | ||
| Q2 25 | $171.3M | $241.0M | ||
| Q1 25 | $125.0M | $218.0M | ||
| Q4 24 | $78.2M | $166.0M | ||
| Q3 24 | $465.6M | $218.0M | ||
| Q2 24 | $207.0M | — | ||
| Q1 24 | $122.7M | $192.0M |
| Q4 25 | 18.5% | 38.5% | ||
| Q3 25 | 37.3% | 38.7% | ||
| Q2 25 | 25.4% | 37.2% | ||
| Q1 25 | 22.5% | 35.1% | ||
| Q4 24 | 18.1% | 28.8% | ||
| Q3 24 | 35.1% | 34.0% | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 20.3% | 31.0% |
| Q4 25 | 6.5% | 29.4% | ||
| Q3 25 | 26.9% | 29.5% | ||
| Q2 25 | 12.6% | 29.0% | ||
| Q1 25 | 9.7% | 26.8% | ||
| Q4 24 | 6.4% | 22.8% | ||
| Q3 24 | 26.0% | 26.4% | ||
| Q2 24 | 14.7% | — | ||
| Q1 24 | 9.6% | 23.4% |
| Q4 25 | $0.35 | $0.51 | ||
| Q3 25 | $2.03 | $0.50 | ||
| Q2 25 | $0.74 | $0.45 | ||
| Q1 25 | $0.54 | $0.41 | ||
| Q4 24 | $0.34 | $0.29 | ||
| Q3 24 | $2.02 | $0.40 | ||
| Q2 24 | $0.90 | — | ||
| Q1 24 | $0.53 | $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 | $19.8M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $10.2B | $8.8B |
| Total Assets | $33.9B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.8M | — | ||
| Q3 25 | $27.5M | — | ||
| Q2 25 | $27.8M | — | ||
| Q1 25 | $35.3M | — | ||
| Q4 24 | $22.0M | — | ||
| Q3 24 | $34.6M | — | ||
| Q2 24 | $26.1M | — | ||
| Q1 24 | $63.7M | — |
| Q4 25 | $10.2B | $8.8B | ||
| Q3 25 | $10.3B | $8.9B | ||
| Q2 25 | $10.0B | $9.0B | ||
| Q1 25 | $9.9B | $8.7B | ||
| Q4 24 | $10.0B | $8.8B | ||
| Q3 24 | $10.0B | $9.0B | ||
| Q2 24 | $9.7B | — | ||
| Q1 24 | $9.6B | $8.9B |
| Q4 25 | $33.9B | $83.9B | ||
| Q3 25 | $33.4B | $83.2B | ||
| Q2 25 | $32.9B | $82.1B | ||
| Q1 25 | $32.5B | $81.5B | ||
| Q4 24 | $32.3B | $82.2B | ||
| Q3 24 | $32.1B | $82.6B | ||
| Q2 24 | $31.8B | — | ||
| Q1 24 | $31.3B | $81.8B |
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 | $334.0M | $396.0M |
| Free Cash FlowOCF − Capex | $-530.5M | $389.0M |
| FCF MarginFCF / Revenue | -41.1% | 43.8% |
| Capex IntensityCapex / Revenue | 66.9% | 0.8% |
| Cash ConversionOCF / Net Profit | 3.96× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $-751.7M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $334.0M | $396.0M | ||
| Q3 25 | $937.7M | $-200.0M | ||
| Q2 25 | $323.9M | $83.0M | ||
| Q1 25 | $449.6M | $349.0M | ||
| Q4 24 | $395.6M | $191.0M | ||
| Q3 24 | $953.3M | $389.0M | ||
| Q2 24 | $317.5M | — | ||
| Q1 24 | $317.3M | $838.0M |
| Q4 25 | $-530.5M | $389.0M | ||
| Q3 25 | $225.4M | $-208.0M | ||
| Q2 25 | $-303.4M | $74.0M | ||
| Q1 25 | $-143.2M | $340.0M | ||
| Q4 24 | $-118.6M | $174.0M | ||
| Q3 24 | $427.0M | $383.0M | ||
| Q2 24 | $-360.0M | — | ||
| Q1 24 | $-301.3M | $828.0M |
| Q4 25 | -41.1% | 43.8% | ||
| Q3 25 | 12.8% | -23.4% | ||
| Q2 25 | -22.4% | 8.9% | ||
| Q1 25 | -11.1% | 41.9% | ||
| Q4 24 | -9.7% | 23.9% | ||
| Q3 24 | 23.9% | 46.3% | ||
| Q2 24 | -25.6% | — | ||
| Q1 24 | -23.5% | 101.1% |
| Q4 25 | 66.9% | 0.8% | ||
| Q3 25 | 40.4% | 0.9% | ||
| Q2 25 | 46.3% | 1.1% | ||
| Q1 25 | 45.8% | 1.1% | ||
| Q4 24 | 41.9% | 2.3% | ||
| Q3 24 | 29.4% | 0.7% | ||
| Q2 24 | 48.1% | — | ||
| Q1 24 | 48.3% | 1.2% |
| Q4 25 | 3.96× | 1.52× | ||
| Q3 25 | 1.97× | -0.76× | ||
| Q2 25 | 1.89× | 0.34× | ||
| Q1 25 | 3.60× | 1.60× | ||
| Q4 24 | 5.06× | 1.15× | ||
| Q3 24 | 2.05× | 1.78× | ||
| Q2 24 | 1.53× | — | ||
| Q1 24 | 2.59× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVRG
| Electric Utility Customer Class Residential | $462.9M | 36% |
| Electric Utility Customer Class Commercial | $447.6M | 35% |
| Electric Utility Customer Class Industrial | $164.1M | 13% |
| Electric Utility Customer Class Transmission | $129.4M | 10% |
| Electric Utility Customer Class Wholesale | $69.7M | 5% |
| Electric Utility Customer Class Other Retail | $12.2M | 1% |
| Electric Utility Customer Class Industrial Steam | $5.7M | 0% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
