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Side-by-side financial comparison of FIRST BANCORP (FBNC) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $89.6M, roughly 1.6× FIRST BANCORP). FIRST BANCORP runs the higher net margin — 22.7% vs -2.3%, a 25.0% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -7.3%). FIRST BANCORP produced more free cash flow last quarter ($48.2M vs $-7.8M).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
FBNC vs PRPL — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $89.6M | $140.7M |
| Net Profit | $20.4M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 29.0% | -1.6% |
| Net Margin | 22.7% | -2.3% |
| Revenue YoY | -7.3% | 9.1% |
| Net Profit YoY | 9.0% | 62.1% |
| EPS (diluted) | $0.49 | $0.03 |
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 | — | $140.7M | ||
| Q3 25 | $89.6M | $118.8M | ||
| Q2 25 | $111.0M | $105.1M | ||
| Q1 25 | $105.8M | $104.2M | ||
| Q4 24 | — | $129.0M | ||
| Q3 24 | $96.6M | $118.6M | ||
| Q2 24 | $95.7M | $120.3M | ||
| Q1 24 | $92.2M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $20.4M | $-11.7M | ||
| Q2 25 | $38.6M | $-17.3M | ||
| Q1 25 | $36.4M | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $18.7M | $-39.2M | ||
| Q2 24 | $28.7M | $27.0K | ||
| Q1 24 | $25.3M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | — | -1.6% | ||
| Q3 25 | 29.0% | -10.2% | ||
| Q2 25 | 44.9% | -13.5% | ||
| Q1 25 | 44.2% | -13.9% | ||
| Q4 24 | — | -6.0% | ||
| Q3 24 | 23.4% | -39.5% | ||
| Q2 24 | 38.5% | -12.1% | ||
| Q1 24 | 34.5% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | 22.7% | -9.9% | ||
| Q2 25 | 34.7% | -16.5% | ||
| Q1 25 | 34.4% | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | 19.3% | -33.1% | ||
| Q2 24 | 30.0% | 0.0% | ||
| Q1 24 | 27.4% | -41.8% |
| Q4 25 | — | $0.03 | ||
| Q3 25 | $0.49 | $0.11 | ||
| Q2 25 | $0.93 | $0.16 | ||
| Q1 25 | $0.88 | $0.18 | ||
| Q4 24 | — | $0.08 | ||
| Q3 24 | $0.45 | $0.36 | ||
| Q2 24 | $0.70 | $0.00 | ||
| Q1 24 | $0.61 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.3M |
| Total DebtLower is stronger | $92.4M | $126.7M |
| Stockholders' EquityBook value | $1.6B | $-29.7M |
| Total Assets | $12.8B | $296.3M |
| Debt / EquityLower = less leverage | 0.06× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.3M | ||
| Q3 25 | — | $32.4M | ||
| Q2 25 | — | $34.2M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $29.0M | ||
| Q3 24 | — | $23.4M | ||
| Q2 24 | — | $23.4M | ||
| Q1 24 | — | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | $92.4M | — | ||
| Q2 25 | $92.2M | — | ||
| Q1 25 | $92.1M | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | $91.7M | $50.8M | ||
| Q2 24 | $91.5M | — | ||
| Q1 24 | $332.3M | — |
| Q4 25 | — | $-29.7M | ||
| Q3 25 | $1.6B | $-26.9M | ||
| Q2 25 | $1.6B | $-15.6M | ||
| Q1 25 | $1.5B | $1.3M | ||
| Q4 24 | — | $20.2M | ||
| Q3 24 | $1.5B | $28.0M | ||
| Q2 24 | $1.4B | $66.4M | ||
| Q1 24 | $1.4B | $65.5M |
| Q4 25 | — | $296.3M | ||
| Q3 25 | $12.8B | $302.1M | ||
| Q2 25 | $12.6B | $303.8M | ||
| Q1 25 | $12.4B | $293.8M | ||
| Q4 24 | — | $307.8M | ||
| Q3 24 | $12.2B | $309.3M | ||
| Q2 24 | $12.1B | $362.1M | ||
| Q1 24 | $12.1B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | 0.06× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.06× | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | 0.06× | 1.82× | ||
| Q2 24 | 0.07× | — | ||
| Q1 24 | 0.24× | — |
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 | $49.7M | $-5.8M |
| Free Cash FlowOCF − Capex | $48.2M | $-7.8M |
| FCF MarginFCF / Revenue | 53.8% | -5.5% |
| Capex IntensityCapex / Revenue | 1.6% | 1.4% |
| Cash ConversionOCF / Net Profit | 2.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $182.9M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-5.8M | ||
| Q3 25 | $49.7M | $-968.0K | ||
| Q2 25 | $45.7M | $-4.0M | ||
| Q1 25 | $52.6M | $-23.1M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $38.4M | $1.1M | ||
| Q2 24 | $87.7M | $-8.9M | ||
| Q1 24 | $-20.1M | $-16.8M |
| Q4 25 | — | $-7.8M | ||
| Q3 25 | $48.2M | $-1.8M | ||
| Q2 25 | $44.3M | $-7.0M | ||
| Q1 25 | $52.4M | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | $38.0M | $101.0K | ||
| Q2 24 | $87.6M | $-11.0M | ||
| Q1 24 | $-21.7M | $-19.9M |
| Q4 25 | — | -5.5% | ||
| Q3 25 | 53.8% | -1.5% | ||
| Q2 25 | 39.9% | -6.6% | ||
| Q1 25 | 49.5% | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | 39.3% | 0.1% | ||
| Q2 24 | 91.6% | -9.2% | ||
| Q1 24 | -23.6% | -16.5% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | 1.6% | 0.7% | ||
| Q2 25 | 1.2% | 2.8% | ||
| Q1 25 | 0.2% | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | 0.5% | 0.9% | ||
| Q2 24 | 0.1% | 1.7% | ||
| Q1 24 | 1.8% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 1.19× | — | ||
| Q1 25 | 1.44× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.06× | — | ||
| Q2 24 | 3.06× | -330.22× | ||
| Q1 24 | -0.80× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FBNC
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
