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Side-by-side financial comparison of F5, Inc. (FFIV) and FIRST HORIZON CORP (FHN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $822.5M, roughly 1.1× F5, Inc.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 21.9%, a 7.5% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 7.3%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $149.5M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 9.9%).
F5, Inc. is an American technology company specializing in application security, multi-cloud management, online fraud prevention, application delivery networking (ADN), application availability and performance, and network security, access, and authorization.
First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.
FFIV vs FHN — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $822.5M | $888.0M |
| Net Profit | $180.1M | $261.0M |
| Gross Margin | 81.5% | — |
| Operating Margin | 26.0% | 38.5% |
| Net Margin | 21.9% | 29.4% |
| Revenue YoY | 7.3% | 21.8% |
| Net Profit YoY | 8.2% | 57.2% |
| EPS (diluted) | $3.10 | $0.51 |
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 | $822.5M | $888.0M | ||
| Q3 25 | $810.1M | $889.0M | ||
| Q2 25 | $780.4M | $830.0M | ||
| Q1 25 | $731.1M | $812.0M | ||
| Q4 24 | $766.5M | $729.0M | ||
| Q3 24 | $746.7M | $827.0M | ||
| Q2 24 | $695.5M | — | ||
| Q1 24 | $681.4M | $819.0M |
| Q4 25 | $180.1M | $261.0M | ||
| Q3 25 | $190.5M | $262.0M | ||
| Q2 25 | $189.9M | $241.0M | ||
| Q1 25 | $145.5M | $218.0M | ||
| Q4 24 | $166.4M | $166.0M | ||
| Q3 24 | $165.3M | $218.0M | ||
| Q2 24 | $144.1M | — | ||
| Q1 24 | $119.0M | $192.0M |
| Q4 25 | 81.5% | — | ||
| Q3 25 | 82.2% | — | ||
| Q2 25 | 81.0% | — | ||
| Q1 25 | 80.7% | — | ||
| Q4 24 | 81.7% | — | ||
| Q3 24 | 80.8% | — | ||
| Q2 24 | 80.4% | — | ||
| Q1 24 | 79.3% | — |
| Q4 25 | 26.0% | 38.5% | ||
| Q3 25 | 25.4% | 38.7% | ||
| Q2 25 | 25.2% | 37.2% | ||
| Q1 25 | 21.7% | 35.1% | ||
| Q4 24 | 26.8% | 28.8% | ||
| Q3 24 | 25.6% | 34.0% | ||
| Q2 24 | 23.4% | — | ||
| Q1 24 | 20.5% | 31.0% |
| Q4 25 | 21.9% | 29.4% | ||
| Q3 25 | 23.5% | 29.5% | ||
| Q2 25 | 24.3% | 29.0% | ||
| Q1 25 | 19.9% | 26.8% | ||
| Q4 24 | 21.7% | 22.8% | ||
| Q3 24 | 22.1% | 26.4% | ||
| Q2 24 | 20.7% | — | ||
| Q1 24 | 17.5% | 23.4% |
| Q4 25 | $3.10 | $0.51 | ||
| Q3 25 | $3.25 | $0.50 | ||
| Q2 25 | $3.25 | $0.45 | ||
| Q1 25 | $2.48 | $0.41 | ||
| Q4 24 | $2.82 | $0.29 | ||
| Q3 24 | $2.79 | $0.40 | ||
| Q2 24 | $2.44 | — | ||
| Q1 24 | $2.00 | $0.33 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.2B | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $8.8B |
| Total Assets | $6.3B | $83.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.3B | — | ||
| Q2 25 | $1.4B | — | ||
| Q1 25 | $1.3B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $935.6M | — | ||
| Q1 24 | $903.5M | — |
| Q4 25 | $3.5B | $8.8B | ||
| Q3 25 | $3.6B | $8.9B | ||
| Q2 25 | $3.5B | $9.0B | ||
| Q1 25 | $3.3B | $8.7B | ||
| Q4 24 | $3.2B | $8.8B | ||
| Q3 24 | $3.1B | $9.0B | ||
| Q2 24 | $3.0B | — | ||
| Q1 24 | $2.9B | $8.9B |
| Q4 25 | $6.3B | $83.9B | ||
| Q3 25 | $6.3B | $83.2B | ||
| Q2 25 | $6.1B | $82.1B | ||
| Q1 25 | $5.9B | $81.5B | ||
| Q4 24 | $5.9B | $82.2B | ||
| Q3 24 | $5.6B | $82.6B | ||
| Q2 24 | $5.4B | — | ||
| Q1 24 | $5.4B | $81.8B |
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 | $159.2M | $396.0M |
| Free Cash FlowOCF − Capex | $149.5M | $389.0M |
| FCF MarginFCF / Revenue | 18.2% | 43.8% |
| Capex IntensityCapex / Revenue | 1.2% | 0.8% |
| Cash ConversionOCF / Net Profit | 0.88× | 1.52× |
| TTM Free Cash FlowTrailing 4 quarters | $861.2M | $595.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $159.2M | $396.0M | ||
| Q3 25 | $208.1M | $-200.0M | ||
| Q2 25 | $282.2M | $83.0M | ||
| Q1 25 | $256.6M | $349.0M | ||
| Q4 24 | $202.8M | $191.0M | ||
| Q3 24 | $246.5M | $389.0M | ||
| Q2 24 | $159.0M | — | ||
| Q1 24 | $221.6M | $838.0M |
| Q4 25 | $149.5M | $389.0M | ||
| Q3 25 | $191.9M | $-208.0M | ||
| Q2 25 | $273.7M | $74.0M | ||
| Q1 25 | $246.1M | $340.0M | ||
| Q4 24 | $194.7M | $174.0M | ||
| Q3 24 | $240.4M | $383.0M | ||
| Q2 24 | $153.1M | — | ||
| Q1 24 | $212.2M | $828.0M |
| Q4 25 | 18.2% | 43.8% | ||
| Q3 25 | 23.7% | -23.4% | ||
| Q2 25 | 35.1% | 8.9% | ||
| Q1 25 | 33.7% | 41.9% | ||
| Q4 24 | 25.4% | 23.9% | ||
| Q3 24 | 32.2% | 46.3% | ||
| Q2 24 | 22.0% | — | ||
| Q1 24 | 31.1% | 101.1% |
| Q4 25 | 1.2% | 0.8% | ||
| Q3 25 | 2.0% | 0.9% | ||
| Q2 25 | 1.1% | 1.1% | ||
| Q1 25 | 1.4% | 1.1% | ||
| Q4 24 | 1.1% | 2.3% | ||
| Q3 24 | 0.8% | 0.7% | ||
| Q2 24 | 0.8% | — | ||
| Q1 24 | 1.4% | 1.2% |
| Q4 25 | 0.88× | 1.52× | ||
| Q3 25 | 1.09× | -0.76× | ||
| Q2 25 | 1.49× | 0.34× | ||
| Q1 25 | 1.76× | 1.60× | ||
| Q4 24 | 1.22× | 1.15× | ||
| Q3 24 | 1.49× | 1.78× | ||
| Q2 24 | 1.10× | — | ||
| Q1 24 | 1.86× | 4.36× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFIV
| Services | $412.2M | 50% |
| Products | $410.3M | 50% |
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
