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Side-by-side financial comparison of FIRST BANCORP (FBNC) and IMPINJ INC (PI). Click either name above to swap in a different company.

FIRST BANCORP is the larger business by last-quarter revenue ($89.6M vs $74.3M, roughly 1.2× IMPINJ INC). FIRST BANCORP runs the higher net margin — 22.7% vs 11.2%, a 11.5% gap on every dollar of revenue. On growth, IMPINJ INC posted the faster year-over-year revenue change (-0.0% vs -7.3%). FIRST BANCORP produced more free cash flow last quarter ($48.2M vs $2.2M).

First Bancorp is an American bank holding company headquartered in Southern Pines, North Carolina, that operates as First Bank in North Carolina and South Carolina.

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

FBNC vs PI — Head-to-Head

Bigger by revenue
FBNC
FBNC
1.2× larger
FBNC
$89.6M
$74.3M
PI
Growing faster (revenue YoY)
PI
PI
+7.2% gap
PI
-0.0%
-7.3%
FBNC
Higher net margin
FBNC
FBNC
11.5% more per $
FBNC
22.7%
11.2%
PI
More free cash flow
FBNC
FBNC
$46.0M more FCF
FBNC
$48.2M
$2.2M
PI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
FBNC
FBNC
PI
PI
Revenue
$89.6M
$74.3M
Net Profit
$20.4M
$8.3M
Gross Margin
49.1%
Operating Margin
29.0%
30.5%
Net Margin
22.7%
11.2%
Revenue YoY
-7.3%
-0.0%
Net Profit YoY
9.0%
EPS (diluted)
$0.49
$0.14

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
FBNC
FBNC
PI
PI
Q1 26
$74.3M
Q4 25
$92.8M
Q3 25
$89.6M
$96.1M
Q2 25
$111.0M
$97.9M
Q1 25
$105.8M
$74.3M
Q4 24
$91.6M
Q3 24
$96.6M
$95.2M
Q2 24
$95.7M
$102.5M
Net Profit
FBNC
FBNC
PI
PI
Q1 26
$8.3M
Q4 25
$-1.1M
Q3 25
$20.4M
$-12.8M
Q2 25
$38.6M
$11.6M
Q1 25
$36.4M
$-8.5M
Q4 24
$-2.7M
Q3 24
$18.7M
$221.0K
Q2 24
$28.7M
$10.0M
Gross Margin
FBNC
FBNC
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
57.8%
Q1 25
49.4%
Q4 24
50.5%
Q3 24
50.0%
Q2 24
56.1%
Operating Margin
FBNC
FBNC
PI
PI
Q1 26
30.5%
Q4 25
-2.9%
Q3 25
29.0%
0.7%
Q2 25
44.9%
11.1%
Q1 25
44.2%
-12.9%
Q4 24
-3.9%
Q3 24
23.4%
-0.8%
Q2 24
38.5%
8.8%
Net Margin
FBNC
FBNC
PI
PI
Q1 26
11.2%
Q4 25
-1.2%
Q3 25
22.7%
-13.3%
Q2 25
34.7%
11.8%
Q1 25
34.4%
-11.4%
Q4 24
-2.9%
Q3 24
19.3%
0.2%
Q2 24
30.0%
9.7%
EPS (diluted)
FBNC
FBNC
PI
PI
Q1 26
$0.14
Q4 25
$-0.02
Q3 25
$0.49
$-0.44
Q2 25
$0.93
$0.39
Q1 25
$0.88
$-0.30
Q4 24
$-0.06
Q3 24
$0.45
$0.01
Q2 24
$0.70
$0.34

Balance Sheet & Financial Strength

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

Metric
FBNC
FBNC
PI
PI
Cash + ST InvestmentsLiquidity on hand
$131.8M
Total DebtLower is stronger
$92.4M
$241.5M
Stockholders' EquityBook value
$1.6B
Total Assets
$12.8B
$502.5M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBNC
FBNC
PI
PI
Q1 26
$131.8M
Q4 25
$175.3M
Q3 25
$190.1M
Q2 25
$193.2M
Q1 25
$147.9M
Q4 24
$164.7M
Q3 24
$170.3M
Q2 24
$220.2M
Total Debt
FBNC
FBNC
PI
PI
Q1 26
$241.5M
Q4 25
$280.9M
Q3 25
$92.4M
$280.4M
Q2 25
$92.2M
Q1 25
$92.1M
Q4 24
$283.5M
Q3 24
$91.7M
Q2 24
$91.5M
Stockholders' Equity
FBNC
FBNC
PI
PI
Q1 26
Q4 25
$209.2M
Q3 25
$1.6B
$195.0M
Q2 25
$1.6B
$187.7M
Q1 25
$1.5B
$160.6M
Q4 24
$149.9M
Q3 24
$1.5B
$136.1M
Q2 24
$1.4B
$117.0M
Total Assets
FBNC
FBNC
PI
PI
Q1 26
$502.5M
Q4 25
$545.2M
Q3 25
$12.8B
$516.5M
Q2 25
$12.6B
$508.8M
Q1 25
$12.4B
$479.8M
Q4 24
$489.1M
Q3 24
$12.2B
$476.4M
Q2 24
$12.1B
$446.1M
Debt / Equity
FBNC
FBNC
PI
PI
Q1 26
Q4 25
1.34×
Q3 25
0.06×
1.44×
Q2 25
0.06×
Q1 25
0.06×
Q4 24
1.89×
Q3 24
0.06×
Q2 24
0.07×

Cash Flow & Capital Efficiency

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

Metric
FBNC
FBNC
PI
PI
Operating Cash FlowLast quarter
$49.7M
Free Cash FlowOCF − Capex
$48.2M
$2.2M
FCF MarginFCF / Revenue
53.8%
3.0%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
2.44×
TTM Free Cash FlowTrailing 4 quarters
$182.9M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBNC
FBNC
PI
PI
Q1 26
Q4 25
$15.1M
Q3 25
$49.7M
$20.9M
Q2 25
$45.7M
$33.9M
Q1 25
$52.6M
$-11.1M
Q4 24
$12.6M
Q3 24
$38.4M
$10.1M
Q2 24
$87.7M
$45.5M
Free Cash Flow
FBNC
FBNC
PI
PI
Q1 26
$2.2M
Q4 25
$13.6M
Q3 25
$48.2M
$18.0M
Q2 25
$44.3M
$27.3M
Q1 25
$52.4M
$-13.0M
Q4 24
$8.5M
Q3 24
$38.0M
$4.7M
Q2 24
$87.6M
$44.1M
FCF Margin
FBNC
FBNC
PI
PI
Q1 26
3.0%
Q4 25
14.7%
Q3 25
53.8%
18.7%
Q2 25
39.9%
27.9%
Q1 25
49.5%
-17.5%
Q4 24
9.3%
Q3 24
39.3%
4.9%
Q2 24
91.6%
43.0%
Capex Intensity
FBNC
FBNC
PI
PI
Q1 26
Q4 25
1.6%
Q3 25
1.6%
3.1%
Q2 25
1.2%
6.7%
Q1 25
0.2%
2.5%
Q4 24
4.5%
Q3 24
0.5%
5.7%
Q2 24
0.1%
1.3%
Cash Conversion
FBNC
FBNC
PI
PI
Q1 26
Q4 25
Q3 25
2.44×
Q2 25
1.19×
2.93×
Q1 25
1.44×
Q4 24
Q3 24
2.06×
45.56×
Q2 24
3.06×
4.56×

Financial Flow Comparison

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

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