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Side-by-side financial comparison of First Foundation Inc. (FFWM) and National CineMedia, Inc. (NCMI). Click either name above to swap in a different company.

National CineMedia, Inc. is the larger business by last-quarter revenue ($63.4M vs $48.4M, roughly 1.3× First Foundation Inc.). National CineMedia, Inc. runs the higher net margin — 2.5% vs -97.9%, a 100.4% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 1.6%). National CineMedia, Inc. produced more free cash flow last quarter ($-2.0M vs $-35.2M). Over the past eight quarters, First Foundation Inc.'s revenue compounded faster (-2.7% CAGR vs -16.4%).

John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.

National CineMedia, Inc. (NCM) is an American cinema advertising company. NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.

FFWM vs NCMI — Head-to-Head

Bigger by revenue
NCMI
NCMI
1.3× larger
NCMI
$63.4M
$48.4M
FFWM
Growing faster (revenue YoY)
FFWM
FFWM
+420.1% gap
FFWM
421.7%
1.6%
NCMI
Higher net margin
NCMI
NCMI
100.4% more per $
NCMI
2.5%
-97.9%
FFWM
More free cash flow
NCMI
NCMI
$33.2M more FCF
NCMI
$-2.0M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
FFWM
FFWM
Annualised
FFWM
-2.7%
-16.4%
NCMI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FFWM
FFWM
NCMI
NCMI
Revenue
$48.4M
$63.4M
Net Profit
$-8.0M
$1.6M
Gross Margin
95.0%
Operating Margin
-97.5%
-2.8%
Net Margin
-97.9%
2.5%
Revenue YoY
421.7%
1.6%
Net Profit YoY
43.0%
144.4%
EPS (diluted)
$-0.09
$0.02

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
FFWM
FFWM
NCMI
NCMI
Q4 25
$48.4M
Q3 25
$63.6M
$63.4M
Q2 25
$51.4M
$51.8M
Q1 25
$71.4M
$34.9M
Q4 24
$9.3M
$86.3M
Q3 24
$9.2M
$62.4M
Q2 24
$57.5M
$54.7M
Q1 24
$51.1M
$37.4M
Net Profit
FFWM
FFWM
NCMI
NCMI
Q4 25
$-8.0M
Q3 25
$-146.3M
$1.6M
Q2 25
$-7.7M
$-10.7M
Q1 25
$6.9M
$-30.7M
Q4 24
$-14.1M
$24.7M
Q3 24
$-82.2M
$-3.6M
Q2 24
$3.1M
$-8.7M
Q1 24
$793.0K
$-34.7M
Gross Margin
FFWM
FFWM
NCMI
NCMI
Q4 25
Q3 25
95.0%
Q2 25
93.8%
Q1 25
91.1%
Q4 24
96.4%
Q3 24
94.7%
Q2 24
93.2%
Q1 24
90.4%
Operating Margin
FFWM
FFWM
NCMI
NCMI
Q4 25
-97.5%
Q3 25
-92.7%
-2.8%
Q2 25
-21.1%
-23.2%
Q1 25
8.8%
-68.5%
Q4 24
-247.7%
23.2%
Q3 24
-1276.7%
-12.0%
Q2 24
4.6%
-17.0%
Q1 24
-0.2%
-60.7%
Net Margin
FFWM
FFWM
NCMI
NCMI
Q4 25
-97.9%
Q3 25
-230.1%
2.5%
Q2 25
-15.0%
-20.7%
Q1 25
9.7%
-88.0%
Q4 24
-152.2%
28.6%
Q3 24
-896.9%
-5.8%
Q2 24
5.4%
-15.9%
Q1 24
1.6%
-92.8%
EPS (diluted)
FFWM
FFWM
NCMI
NCMI
Q4 25
$-0.09
Q3 25
$-1.78
$0.02
Q2 25
$-0.09
$-0.11
Q1 25
$0.08
$-0.32
Q4 24
$-0.24
$0.26
Q3 24
$-1.23
$-0.04
Q2 24
$0.05
$-0.09
Q1 24
$0.01
$-0.36

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
NCMI
NCMI
Cash + ST InvestmentsLiquidity on hand
$1.6B
$29.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$912.6M
$350.5M
Total Assets
$11.9B
$451.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
NCMI
NCMI
Q4 25
$1.6B
Q3 25
$1.7B
$29.9M
Q2 25
$1.1B
$37.2M
Q1 25
$1.0B
$59.8M
Q4 24
$1.0B
$75.2M
Q3 24
$1.1B
$49.5M
Q2 24
$1.4B
$53.8M
Q1 24
$1.6B
$57.1M
Stockholders' Equity
FFWM
FFWM
NCMI
NCMI
Q4 25
$912.6M
Q3 25
$917.9M
$350.5M
Q2 25
$1.1B
$350.0M
Q1 25
$1.1B
$370.8M
Q4 24
$1.1B
$411.2M
Q3 24
$1.1B
$385.5M
Q2 24
$933.2M
$387.9M
Q1 24
$928.7M
$402.3M
Total Assets
FFWM
FFWM
NCMI
NCMI
Q4 25
$11.9B
Q3 25
$11.9B
$451.9M
Q2 25
$11.6B
$462.0M
Q1 25
$12.6B
$503.8M
Q4 24
$12.6B
$568.6M
Q3 24
$13.4B
$526.1M
Q2 24
$13.7B
$527.2M
Q1 24
$13.6B
$538.6M

Cash Flow & Capital Efficiency

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

Metric
FFWM
FFWM
NCMI
NCMI
Operating Cash FlowLast quarter
$-31.9M
$-1.0M
Free Cash FlowOCF − Capex
$-35.2M
$-2.0M
FCF MarginFCF / Revenue
-72.8%
-3.2%
Capex IntensityCapex / Revenue
6.9%
1.6%
Cash ConversionOCF / Net Profit
-0.63×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$24.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
NCMI
NCMI
Q4 25
$-31.9M
Q3 25
$9.2M
$-1.0M
Q2 25
$-16.3M
$-4.9M
Q1 25
$-552.0K
$6.0M
Q4 24
$-8.7M
$30.5M
Q3 24
$14.2M
$-2.0M
Q2 24
$-9.1M
$7.7M
Q1 24
$7.2M
$24.1M
Free Cash Flow
FFWM
FFWM
NCMI
NCMI
Q4 25
$-35.2M
Q3 25
$8.6M
$-2.0M
Q2 25
$-16.7M
$-6.6M
Q1 25
$-2.5M
$5.3M
Q4 24
$-11.4M
$28.1M
Q3 24
$13.4M
$-2.6M
Q2 24
$-9.4M
$6.4M
Q1 24
$5.9M
$22.6M
FCF Margin
FFWM
FFWM
NCMI
NCMI
Q4 25
-72.8%
Q3 25
13.5%
-3.2%
Q2 25
-32.4%
-12.7%
Q1 25
-3.5%
15.2%
Q4 24
-123.5%
32.6%
Q3 24
146.2%
-4.2%
Q2 24
-16.3%
11.7%
Q1 24
11.6%
60.4%
Capex Intensity
FFWM
FFWM
NCMI
NCMI
Q4 25
6.9%
Q3 25
1.0%
1.6%
Q2 25
0.8%
3.3%
Q1 25
2.8%
2.0%
Q4 24
29.4%
2.8%
Q3 24
9.0%
1.0%
Q2 24
0.4%
2.4%
Q1 24
2.5%
4.0%
Cash Conversion
FFWM
FFWM
NCMI
NCMI
Q4 25
Q3 25
-0.63×
Q2 25
Q1 25
-0.08×
Q4 24
1.23×
Q3 24
Q2 24
-2.96×
Q1 24
9.09×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FFWM
FFWM

Segment breakdown not available.

NCMI
NCMI

National Advertising Revenue$49.9M79%
Local Advertising Revenue$9.6M15%
Founding Member Advertising Revenue From Beverage Concessionaire Agreements$3.9M6%

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