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Side-by-side financial comparison of FIRST FINANCIAL BANKSHARES INC (FFIN) and MANNKIND CORP (MNKD). 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 $112.0M, roughly 1.5× MANNKIND CORP). FIRST FINANCIAL BANKSHARES INC runs the higher net margin — 44.5% vs -14.2%, a 58.8% gap on every dollar of revenue. On growth, MANNKIND CORP posted the faster year-over-year revenue change (45.8% vs 12.0%). FIRST FINANCIAL BANKSHARES INC produced more free cash flow last quarter ($286.0M vs $-10.0M). Over the past eight quarters, MANNKIND CORP's revenue compounded faster (30.0% CAGR vs 12.7%).

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.

MannKind Corporation is a biopharmaceutical company focusing on the discovery, development, and commercialization of therapeutic products for diseases such as diabetes and pulmonary arterial hypertension. Based in Danbury, Connecticut, the company was founded in February 1991.

FFIN vs MNKD — Head-to-Head

Bigger by revenue
FFIN
FFIN
1.5× larger
FFIN
$164.7M
$112.0M
MNKD
Growing faster (revenue YoY)
MNKD
MNKD
+33.8% gap
MNKD
45.8%
12.0%
FFIN
Higher net margin
FFIN
FFIN
58.8% more per $
FFIN
44.5%
-14.2%
MNKD
More free cash flow
FFIN
FFIN
$296.0M more FCF
FFIN
$286.0M
$-10.0M
MNKD
Faster 2-yr revenue CAGR
MNKD
MNKD
Annualised
MNKD
30.0%
12.7%
FFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFIN
FFIN
MNKD
MNKD
Revenue
$164.7M
$112.0M
Net Profit
$73.3M
$-15.9M
Gross Margin
87.6%
Operating Margin
54.4%
-6.9%
Net Margin
44.5%
-14.2%
Revenue YoY
12.0%
45.8%
Net Profit YoY
17.6%
-314.9%
EPS (diluted)
$0.51
$-0.05

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
FFIN
FFIN
MNKD
MNKD
Q4 25
$164.7M
$112.0M
Q3 25
$161.3M
$82.1M
Q2 25
$156.6M
$76.5M
Q1 25
$149.0M
$78.4M
Q4 24
$147.1M
$76.8M
Q3 24
$139.5M
$70.1M
Q2 24
$134.5M
$72.4M
Q1 24
$129.6M
$66.3M
Net Profit
FFIN
FFIN
MNKD
MNKD
Q4 25
$73.3M
$-15.9M
Q3 25
$52.3M
$8.0M
Q2 25
$66.7M
$668.0K
Q1 25
$61.3M
$13.2M
Q4 24
$62.3M
$7.4M
Q3 24
$55.3M
$11.6M
Q2 24
$52.5M
$-2.0M
Q1 24
$53.4M
$10.6M
Gross Margin
FFIN
FFIN
MNKD
MNKD
Q4 25
87.6%
Q3 25
94.5%
Q2 25
94.0%
Q1 25
95.2%
Q4 24
93.7%
Q3 24
95.4%
Q2 24
92.3%
Q1 24
94.2%
Operating Margin
FFIN
FFIN
MNKD
MNKD
Q4 25
54.4%
-6.9%
Q3 25
39.2%
23.0%
Q2 25
52.2%
6.9%
Q1 25
50.4%
28.5%
Q4 24
51.7%
34.5%
Q3 24
48.3%
18.2%
Q2 24
47.3%
22.9%
Q1 24
50.0%
25.2%
Net Margin
FFIN
FFIN
MNKD
MNKD
Q4 25
44.5%
-14.2%
Q3 25
32.4%
9.7%
Q2 25
42.6%
0.9%
Q1 25
41.2%
16.8%
Q4 24
42.4%
9.7%
Q3 24
39.7%
16.5%
Q2 24
39.0%
-2.8%
Q1 24
41.2%
16.0%
EPS (diluted)
FFIN
FFIN
MNKD
MNKD
Q4 25
$0.51
$-0.05
Q3 25
$0.36
$0.03
Q2 25
$0.47
$0.00
Q1 25
$0.43
$0.04
Q4 24
$0.43
$0.03
Q3 24
$0.39
$0.04
Q2 24
$0.37
$-0.01
Q1 24
$0.37
$0.04

Balance Sheet & Financial Strength

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

Metric
FFIN
FFIN
MNKD
MNKD
Cash + ST InvestmentsLiquidity on hand
$171.3M
Total DebtLower is stronger
$354.6M
Stockholders' EquityBook value
$1.9B
$-51.0M
Total Assets
$15.4B
$792.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFIN
FFIN
MNKD
MNKD
Q4 25
$171.3M
Q3 25
$260.0M
Q2 25
$179.0M
Q1 25
$181.5M
Q4 24
$197.3M
Q3 24
$251.6M
Q2 24
$247.8M
Q1 24
$300.7M
Total Debt
FFIN
FFIN
MNKD
MNKD
Q4 25
$354.6M
Q3 25
$109.7M
Q2 25
$36.2M
Q1 25
$36.1M
Q4 24
$36.1M
Q3 24
$227.9M
Q2 24
$227.6M
Q1 24
$264.1M
Stockholders' Equity
FFIN
FFIN
MNKD
MNKD
Q4 25
$1.9B
$-51.0M
Q3 25
$1.8B
$-44.6M
Q2 25
$1.7B
$-55.0M
Q1 25
$1.7B
$-58.6M
Q4 24
$1.6B
$-78.8M
Q3 24
$1.7B
$-209.9M
Q2 24
$1.5B
$-225.8M
Q1 24
$1.5B
$-230.0M
Total Assets
FFIN
FFIN
MNKD
MNKD
Q4 25
$15.4B
$792.2M
Q3 25
$14.8B
$494.6M
Q2 25
$14.4B
$411.7M
Q1 25
$14.3B
$410.1M
Q4 24
$14.0B
$393.8M
Q3 24
$13.6B
$464.2M
Q2 24
$13.2B
$443.8M
Q1 24
$13.2B
$480.9M

Cash Flow & Capital Efficiency

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

Metric
FFIN
FFIN
MNKD
MNKD
Operating Cash FlowLast quarter
$299.4M
$-8.0M
Free Cash FlowOCF − Capex
$286.0M
$-10.0M
FCF MarginFCF / Revenue
173.6%
-8.9%
Capex IntensityCapex / Revenue
8.2%
1.8%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$503.1M
$13.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIN
FFIN
MNKD
MNKD
Q4 25
$299.4M
$-8.0M
Q3 25
$86.5M
$23.6M
Q2 25
$61.3M
$8.9M
Q1 25
$76.8M
$-6.4M
Q4 24
$309.6M
$22.6M
Q3 24
$80.7M
$9.3M
Q2 24
$68.8M
$3.8M
Q1 24
$75.6M
$6.7M
Free Cash Flow
FFIN
FFIN
MNKD
MNKD
Q4 25
$286.0M
$-10.0M
Q3 25
$83.7M
$22.5M
Q2 25
$58.7M
$7.8M
Q1 25
$74.7M
$-6.7M
Q4 24
$292.9M
$19.7M
Q3 24
$77.7M
$7.9M
Q2 24
$63.8M
$861.0K
Q1 24
$71.7M
$4.3M
FCF Margin
FFIN
FFIN
MNKD
MNKD
Q4 25
173.6%
-8.9%
Q3 25
51.9%
27.4%
Q2 25
37.5%
10.2%
Q1 25
50.1%
-8.6%
Q4 24
199.1%
25.7%
Q3 24
55.7%
11.3%
Q2 24
47.4%
1.2%
Q1 24
55.3%
6.5%
Capex Intensity
FFIN
FFIN
MNKD
MNKD
Q4 25
8.2%
1.8%
Q3 25
1.7%
1.4%
Q2 25
1.6%
1.5%
Q1 25
1.4%
0.4%
Q4 24
11.4%
3.8%
Q3 24
2.2%
2.0%
Q2 24
3.7%
4.1%
Q1 24
3.0%
3.6%
Cash Conversion
FFIN
FFIN
MNKD
MNKD
Q4 25
4.08×
Q3 25
1.65×
2.96×
Q2 25
0.92×
13.40×
Q1 25
1.25×
-0.48×
Q4 24
4.97×
3.05×
Q3 24
1.46×
0.81×
Q2 24
1.31×
Q1 24
1.42×
0.63×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFIN
FFIN

Segment breakdown not available.

MNKD
MNKD

Products$50.4M45%
Royalty$33.6M30%
Afrezza$22.9M20%
V Go$4.3M4%

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