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Side-by-side financial comparison of FB Financial Corp (FBK) and GeneDx Holdings Corp. (WGS). Click either name above to swap in a different company.

FB Financial Corp is the larger business by last-quarter revenue ($178.6M vs $121.0M, roughly 1.5× GeneDx Holdings Corp.). FB Financial Corp runs the higher net margin — 31.9% vs -14.6%, a 46.5% gap on every dollar of revenue. On growth, FB Financial Corp posted the faster year-over-year revenue change (37.0% vs 26.5%). FB Financial Corp produced more free cash flow last quarter ($147.0M vs $-7.4M). Over the past eight quarters, GeneDx Holdings Corp.'s revenue compounded faster (39.2% CAGR vs 28.9%).

Fubon Financial Holding Co., Ltd. is a financial investment holding company consists of the following key subsidiaries: Fubon Asset Management, Fubon Insurance Co. Ltd., Fubon Securities, Fubon Bank, Fubon Life, Fubon Bank (China) and Fubon Bank Limited. The holding company was setup on 19 December 2001.

GeneDx is a genetic testing company that was founded in 2000 by two scientists from the National Institutes of Health (NIH), Sherri Bale and John Compton. They started the company to provide clinical diagnostic services for patients and families with rare and ultra-rare disorders, for which no such commercial testing was available at the time. The company started in the Technology Development Center, a biotech incubator supported by the state of Maryland and Montgomery County, MD. In 2006, Bi...

FBK vs WGS — Head-to-Head

Bigger by revenue
FBK
FBK
1.5× larger
FBK
$178.6M
$121.0M
WGS
Growing faster (revenue YoY)
FBK
FBK
+10.5% gap
FBK
37.0%
26.5%
WGS
Higher net margin
FBK
FBK
46.5% more per $
FBK
31.9%
-14.6%
WGS
More free cash flow
FBK
FBK
$154.5M more FCF
FBK
$147.0M
$-7.4M
WGS
Faster 2-yr revenue CAGR
WGS
WGS
Annualised
WGS
39.2%
28.9%
FBK

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FBK
FBK
WGS
WGS
Revenue
$178.6M
$121.0M
Net Profit
$57.0M
$-17.7M
Gross Margin
69.6%
Operating Margin
39.1%
-11.8%
Net Margin
31.9%
-14.6%
Revenue YoY
37.0%
26.5%
Net Profit YoY
50.4%
-424.9%
EPS (diluted)
$1.12
$-0.59

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
FBK
FBK
WGS
WGS
Q4 25
$178.6M
$121.0M
Q3 25
$173.9M
$116.7M
Q2 25
$76.9M
$102.7M
Q1 25
$130.7M
$87.1M
Q4 24
$130.4M
$95.6M
Q3 24
$89.5M
$76.9M
Q2 24
$128.2M
$70.5M
Q1 24
$107.5M
$62.4M
Net Profit
FBK
FBK
WGS
WGS
Q4 25
$57.0M
$-17.7M
Q3 25
$23.4M
$-7.6M
Q2 25
$2.9M
$10.8M
Q1 25
$39.4M
$-6.5M
Q4 24
$37.9M
$5.4M
Q3 24
$10.2M
$-8.3M
Q2 24
$40.0M
$-29.2M
Q1 24
$27.9M
$-20.2M
Gross Margin
FBK
FBK
WGS
WGS
Q4 25
69.6%
Q3 25
72.4%
Q2 25
69.0%
Q1 25
67.1%
Q4 24
69.2%
Q3 24
62.2%
Q2 24
60.9%
Q1 24
59.9%
Operating Margin
FBK
FBK
WGS
WGS
Q4 25
39.1%
-11.8%
Q3 25
17.0%
-2.8%
Q2 25
-12.7%
8.7%
Q1 25
37.4%
-5.2%
Q4 24
38.4%
9.2%
Q3 24
12.7%
-10.1%
Q2 24
39.7%
-15.0%
Q1 24
31.9%
-21.9%
Net Margin
FBK
FBK
WGS
WGS
Q4 25
31.9%
-14.6%
Q3 25
13.4%
-6.5%
Q2 25
3.8%
10.5%
Q1 25
30.1%
-7.5%
Q4 24
29.1%
5.7%
Q3 24
11.4%
-10.8%
Q2 24
31.2%
-41.4%
Q1 24
26.0%
-32.4%
EPS (diluted)
FBK
FBK
WGS
WGS
Q4 25
$1.12
$-0.59
Q3 25
$0.43
$-0.27
Q2 25
$0.06
$0.36
Q1 25
$0.84
$-0.23
Q4 24
$0.82
$0.25
Q3 24
$0.22
$-0.31
Q2 24
$0.85
$-1.10
Q1 24
$0.59
$-0.78

Balance Sheet & Financial Strength

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

Metric
FBK
FBK
WGS
WGS
Cash + ST InvestmentsLiquidity on hand
$1.2B
$171.3M
Total DebtLower is stronger
$212.8M
$54.5M
Stockholders' EquityBook value
$1.9B
$308.2M
Total Assets
$16.3B
$523.7M
Debt / EquityLower = less leverage
0.11×
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBK
FBK
WGS
WGS
Q4 25
$1.2B
$171.3M
Q3 25
$1.3B
$155.1M
Q2 25
$1.2B
$134.6M
Q1 25
$794.7M
$159.2M
Q4 24
$1.0B
$141.2M
Q3 24
$951.8M
$116.5M
Q2 24
$800.9M
$106.9M
Q1 24
$870.7M
$112.9M
Total Debt
FBK
FBK
WGS
WGS
Q4 25
$212.8M
$54.5M
Q3 25
$213.6M
$54.8M
Q2 25
$55.1M
Q1 25
$55.5M
Q4 24
$176.8M
$55.8M
Q3 24
$56.1M
Q2 24
$56.3M
Q1 24
$56.3M
Stockholders' Equity
FBK
FBK
WGS
WGS
Q4 25
$1.9B
$308.2M
Q3 25
$2.0B
$292.3M
Q2 25
$1.6B
$277.1M
Q1 25
$1.6B
$257.4M
Q4 24
$1.6B
$245.2M
Q3 24
$1.6B
$204.5M
Q2 24
$1.5B
$194.0M
Q1 24
$1.5B
$207.2M
Total Assets
FBK
FBK
WGS
WGS
Q4 25
$16.3B
$523.7M
Q3 25
$16.2B
$493.9M
Q2 25
$13.4B
$463.9M
Q1 25
$13.1B
$446.4M
Q4 24
$13.2B
$419.4M
Q3 24
$12.9B
$408.8M
Q2 24
$12.5B
$389.1M
Q1 24
$12.5B
$394.5M
Debt / Equity
FBK
FBK
WGS
WGS
Q4 25
0.11×
0.18×
Q3 25
0.11×
0.19×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.11×
0.23×
Q3 24
0.27×
Q2 24
0.29×
Q1 24
0.27×

Cash Flow & Capital Efficiency

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

Metric
FBK
FBK
WGS
WGS
Operating Cash FlowLast quarter
$155.9M
$-3.1M
Free Cash FlowOCF − Capex
$147.0M
$-7.4M
FCF MarginFCF / Revenue
82.3%
-6.1%
Capex IntensityCapex / Revenue
5.0%
3.6%
Cash ConversionOCF / Net Profit
2.74×
TTM Free Cash FlowTrailing 4 quarters
$242.8M
$14.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBK
FBK
WGS
WGS
Q4 25
$155.9M
$-3.1M
Q3 25
$47.7M
$15.8M
Q2 25
$71.8M
$10.4M
Q1 25
$-16.5M
$10.2M
Q4 24
$138.8M
$-3.2M
Q3 24
$57.8M
$-4.4M
Q2 24
$30.6M
$-4.5M
Q1 24
$36.3M
$-16.4M
Free Cash Flow
FBK
FBK
WGS
WGS
Q4 25
$147.0M
$-7.4M
Q3 25
$45.6M
$9.6M
Q2 25
$68.4M
$8.1M
Q1 25
$-18.1M
$4.1M
Q4 24
$132.3M
$-6.2M
Q3 24
$56.7M
$-5.0M
Q2 24
$28.4M
$-5.9M
Q1 24
$34.6M
$-16.9M
FCF Margin
FBK
FBK
WGS
WGS
Q4 25
82.3%
-6.1%
Q3 25
26.2%
8.2%
Q2 25
89.0%
7.8%
Q1 25
-13.9%
4.7%
Q4 24
101.4%
-6.5%
Q3 24
63.3%
-6.6%
Q2 24
22.1%
-8.3%
Q1 24
32.2%
-27.0%
Capex Intensity
FBK
FBK
WGS
WGS
Q4 25
5.0%
3.6%
Q3 25
1.2%
5.3%
Q2 25
4.4%
2.3%
Q1 25
1.3%
7.0%
Q4 24
5.0%
3.2%
Q3 24
1.2%
0.8%
Q2 24
1.7%
1.9%
Q1 24
1.5%
0.7%
Cash Conversion
FBK
FBK
WGS
WGS
Q4 25
2.74×
Q3 25
2.04×
Q2 25
24.68×
0.96×
Q1 25
-0.42×
Q4 24
3.66×
-0.59×
Q3 24
5.65×
Q2 24
0.77×
Q1 24
1.30×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FBK
FBK

Segment breakdown not available.

WGS
WGS

Diagnostic Test Third Party Insurance$101.1M84%
Diagnostic Test Institutional Customers$15.5M13%
Other$3.4M3%

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