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Side-by-side financial comparison of FIRST FINANCIAL BANKSHARES INC (FFIN) and Waldencast plc (WALD). 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 $108.8M, roughly 1.5× Waldencast plc). FIRST FINANCIAL BANKSHARES INC runs the higher net margin — 44.5% vs -55.7%, a 100.2% gap on every dollar of revenue. On growth, Waldencast plc posted the faster year-over-year revenue change (17.8% vs 12.0%). FIRST FINANCIAL BANKSHARES INC produced more free cash flow last quarter ($286.0M vs $-13.9M).

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.

Waldencast plc is a global multi-brand platform focused on acquiring, developing and scaling high-growth premium niche brands across the beauty, personal care and wellness sectors. It operates primarily across North America and European markets, with core offerings including clean skincare, haircare, color cosmetics and wellness products targeted at quality-focused consumers.

FFIN vs WALD — Head-to-Head

Bigger by revenue
FFIN
FFIN
1.5× larger
FFIN
$164.7M
$108.8M
WALD
Growing faster (revenue YoY)
WALD
WALD
+5.8% gap
WALD
17.8%
12.0%
FFIN
Higher net margin
FFIN
FFIN
100.2% more per $
FFIN
44.5%
-55.7%
WALD
More free cash flow
FFIN
FFIN
$299.9M more FCF
FFIN
$286.0M
$-13.9M
WALD

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
FFIN
FFIN
WALD
WALD
Revenue
$164.7M
$108.8M
Net Profit
$73.3M
$-60.6M
Gross Margin
67.5%
Operating Margin
54.4%
-42.9%
Net Margin
44.5%
-55.7%
Revenue YoY
12.0%
17.8%
Net Profit YoY
17.6%
EPS (diluted)
$0.51
$-0.65

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
WALD
WALD
Q4 25
$164.7M
Q3 25
$161.3M
Q2 25
$156.6M
Q1 25
$149.0M
Q4 24
$147.1M
Q3 24
$139.5M
Q2 24
$134.5M
Q1 24
$129.6M
Net Profit
FFIN
FFIN
WALD
WALD
Q4 25
$73.3M
Q3 25
$52.3M
Q2 25
$66.7M
Q1 25
$61.3M
Q4 24
$62.3M
Q3 24
$55.3M
Q2 24
$52.5M
Q1 24
$53.4M
Operating Margin
FFIN
FFIN
WALD
WALD
Q4 25
54.4%
Q3 25
39.2%
Q2 25
52.2%
Q1 25
50.4%
Q4 24
51.7%
Q3 24
48.3%
Q2 24
47.3%
Q1 24
50.0%
Net Margin
FFIN
FFIN
WALD
WALD
Q4 25
44.5%
Q3 25
32.4%
Q2 25
42.6%
Q1 25
41.2%
Q4 24
42.4%
Q3 24
39.7%
Q2 24
39.0%
Q1 24
41.2%
EPS (diluted)
FFIN
FFIN
WALD
WALD
Q4 25
$0.51
Q3 25
$0.36
Q2 25
$0.47
Q1 25
$0.43
Q4 24
$0.43
Q3 24
$0.39
Q2 24
$0.37
Q1 24
$0.37

Balance Sheet & Financial Strength

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

Metric
FFIN
FFIN
WALD
WALD
Cash + ST InvestmentsLiquidity on hand
$21.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.9B
$624.6M
Total Assets
$15.4B
$1.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
FFIN
FFIN
WALD
WALD
Q4 25
$1.9B
Q3 25
$1.8B
Q2 25
$1.7B
Q1 25
$1.7B
Q4 24
$1.6B
Q3 24
$1.7B
Q2 24
$1.5B
Q1 24
$1.5B
Total Assets
FFIN
FFIN
WALD
WALD
Q4 25
$15.4B
Q3 25
$14.8B
Q2 25
$14.4B
Q1 25
$14.3B
Q4 24
$14.0B
Q3 24
$13.6B
Q2 24
$13.2B
Q1 24
$13.2B

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
WALD
WALD
Operating Cash FlowLast quarter
$299.4M
$-13.4M
Free Cash FlowOCF − Capex
$286.0M
$-13.9M
FCF MarginFCF / Revenue
173.6%
-12.7%
Capex IntensityCapex / Revenue
8.2%
0.4%
Cash ConversionOCF / Net Profit
4.08×
TTM Free Cash FlowTrailing 4 quarters
$503.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFIN
FFIN
WALD
WALD
Q4 25
$299.4M
Q3 25
$86.5M
Q2 25
$61.3M
Q1 25
$76.8M
Q4 24
$309.6M
Q3 24
$80.7M
Q2 24
$68.8M
Q1 24
$75.6M
Free Cash Flow
FFIN
FFIN
WALD
WALD
Q4 25
$286.0M
Q3 25
$83.7M
Q2 25
$58.7M
Q1 25
$74.7M
Q4 24
$292.9M
Q3 24
$77.7M
Q2 24
$63.8M
Q1 24
$71.7M
FCF Margin
FFIN
FFIN
WALD
WALD
Q4 25
173.6%
Q3 25
51.9%
Q2 25
37.5%
Q1 25
50.1%
Q4 24
199.1%
Q3 24
55.7%
Q2 24
47.4%
Q1 24
55.3%
Capex Intensity
FFIN
FFIN
WALD
WALD
Q4 25
8.2%
Q3 25
1.7%
Q2 25
1.6%
Q1 25
1.4%
Q4 24
11.4%
Q3 24
2.2%
Q2 24
3.7%
Q1 24
3.0%
Cash Conversion
FFIN
FFIN
WALD
WALD
Q4 25
4.08×
Q3 25
1.65×
Q2 25
0.92×
Q1 25
1.25×
Q4 24
4.97×
Q3 24
1.46×
Q2 24
1.31×
Q1 24
1.42×

Financial Flow Comparison

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

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