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

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $34.9M, roughly 1.4× Playboy, Inc.). Playboy, Inc. runs the higher net margin — 10.3% vs -97.9%, a 108.1% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 4.2%). Playboy, Inc. produced more free cash flow last quarter ($1.1M vs $-35.2M). Over the past eight quarters, Playboy, Inc.'s revenue compounded faster (11.0% CAGR vs -2.7%).

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

Playboy is an American men's lifestyle and entertainment magazine, available both online and in print. It was founded in Chicago in 1953 by Hugh Hefner and his associates, funded in part by a $1,000 loan from Hefner's mother.

FFWM vs PLBY — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.4× larger
FFWM
$48.4M
$34.9M
PLBY
Growing faster (revenue YoY)
FFWM
FFWM
+417.4% gap
FFWM
421.7%
4.2%
PLBY
Higher net margin
PLBY
PLBY
108.1% more per $
PLBY
10.3%
-97.9%
FFWM
More free cash flow
PLBY
PLBY
$36.3M more FCF
PLBY
$1.1M
$-35.2M
FFWM
Faster 2-yr revenue CAGR
PLBY
PLBY
Annualised
PLBY
11.0%
-2.7%
FFWM

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FFWM
FFWM
PLBY
PLBY
Revenue
$48.4M
$34.9M
Net Profit
$-8.0M
$3.6M
Gross Margin
73.3%
Operating Margin
-97.5%
7.9%
Net Margin
-97.9%
10.3%
Revenue YoY
421.7%
4.2%
Net Profit YoY
43.0%
128.6%
EPS (diluted)
$-0.09
$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
FFWM
FFWM
PLBY
PLBY
Q4 25
$48.4M
$34.9M
Q3 25
$63.6M
$29.0M
Q2 25
$51.4M
$28.1M
Q1 25
$71.4M
$28.9M
Q4 24
$9.3M
$33.5M
Q3 24
$9.2M
$29.4M
Q2 24
$57.5M
$24.9M
Q1 24
$51.1M
$28.3M
Net Profit
FFWM
FFWM
PLBY
PLBY
Q4 25
$-8.0M
$3.6M
Q3 25
$-146.3M
$460.0K
Q2 25
$-7.7M
$-7.7M
Q1 25
$6.9M
$-9.0M
Q4 24
$-14.1M
$-12.5M
Q3 24
$-82.2M
$-33.8M
Q2 24
$3.1M
$-16.7M
Q1 24
$793.0K
$-16.4M
Gross Margin
FFWM
FFWM
PLBY
PLBY
Q4 25
73.3%
Q3 25
76.0%
Q2 25
65.4%
Q1 25
68.6%
Q4 24
70.8%
Q3 24
61.0%
Q2 24
67.8%
Q1 24
55.8%
Operating Margin
FFWM
FFWM
PLBY
PLBY
Q4 25
-97.5%
7.9%
Q3 25
-92.7%
4.7%
Q2 25
-21.1%
-20.9%
Q1 25
8.8%
-21.7%
Q4 24
-247.7%
-13.3%
Q3 24
-1276.7%
-96.0%
Q2 24
4.6%
-37.0%
Q1 24
-0.2%
-31.5%
Net Margin
FFWM
FFWM
PLBY
PLBY
Q4 25
-97.9%
10.3%
Q3 25
-230.1%
1.6%
Q2 25
-15.0%
-27.3%
Q1 25
9.7%
-31.3%
Q4 24
-152.2%
-37.4%
Q3 24
-896.9%
-114.7%
Q2 24
5.4%
-66.9%
Q1 24
1.6%
-58.1%
EPS (diluted)
FFWM
FFWM
PLBY
PLBY
Q4 25
$-0.09
$0.05
Q3 25
$-1.78
$0.00
Q2 25
$-0.09
$-0.08
Q1 25
$0.08
$-0.10
Q4 24
$-0.24
$-0.13
Q3 24
$-1.23
$-0.45
Q2 24
$0.05
$-0.23
Q1 24
$0.01
$-0.23

Balance Sheet & Financial Strength

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

Metric
FFWM
FFWM
PLBY
PLBY
Cash + ST InvestmentsLiquidity on hand
$1.6B
$37.8M
Total DebtLower is stronger
$174.2M
Stockholders' EquityBook value
$912.6M
$18.4M
Total Assets
$11.9B
$292.4M
Debt / EquityLower = less leverage
9.48×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FFWM
FFWM
PLBY
PLBY
Q4 25
$1.6B
$37.8M
Q3 25
$1.7B
$27.5M
Q2 25
$1.1B
$19.6M
Q1 25
$1.0B
$23.7M
Q4 24
$1.0B
$30.9M
Q3 24
$1.1B
$9.5M
Q2 24
$1.4B
$16.9M
Q1 24
$1.6B
$19.0M
Total Debt
FFWM
FFWM
PLBY
PLBY
Q4 25
$174.2M
Q3 25
$176.8M
Q2 25
$177.5M
Q1 25
$176.3M
Q4 24
$176.6M
Q3 24
$200.0M
Q2 24
$196.3M
Q1 24
$193.4M
Stockholders' Equity
FFWM
FFWM
PLBY
PLBY
Q4 25
$912.6M
$18.4M
Q3 25
$917.9M
$3.8M
Q2 25
$1.1B
$-17.5M
Q1 25
$1.1B
$-11.4M
Q4 24
$1.1B
$-7.7M
Q3 24
$1.1B
$-15.7M
Q2 24
$933.2M
$15.7M
Q1 24
$928.7M
$29.5M
Total Assets
FFWM
FFWM
PLBY
PLBY
Q4 25
$11.9B
$292.4M
Q3 25
$11.9B
$278.3M
Q2 25
$11.6B
$264.1M
Q1 25
$12.6B
$270.6M
Q4 24
$12.6B
$284.7M
Q3 24
$13.4B
$271.5M
Q2 24
$13.7B
$301.8M
Q1 24
$13.6B
$309.1M
Debt / Equity
FFWM
FFWM
PLBY
PLBY
Q4 25
9.48×
Q3 25
46.86×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
12.51×
Q1 24
6.54×

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
PLBY
PLBY
Operating Cash FlowLast quarter
$-31.9M
$1.4M
Free Cash FlowOCF − Capex
$-35.2M
$1.1M
FCF MarginFCF / Revenue
-72.8%
3.2%
Capex IntensityCapex / Revenue
6.9%
0.8%
Cash ConversionOCF / Net Profit
0.39×
TTM Free Cash FlowTrailing 4 quarters
$-45.9M
$-1.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FFWM
FFWM
PLBY
PLBY
Q4 25
$-31.9M
$1.4M
Q3 25
$9.2M
$10.1M
Q2 25
$-16.3M
$-3.9M
Q1 25
$-552.0K
$-7.6M
Q4 24
$-8.7M
$161.0K
Q3 24
$14.2M
$-6.5M
Q2 24
$-9.1M
$-3.0M
Q1 24
$7.2M
$-9.8M
Free Cash Flow
FFWM
FFWM
PLBY
PLBY
Q4 25
$-35.2M
$1.1M
Q3 25
$8.6M
$9.8M
Q2 25
$-16.7M
$-4.3M
Q1 25
$-2.5M
$-7.7M
Q4 24
$-11.4M
$-401.0K
Q3 24
$13.4M
$-7.0M
Q2 24
$-9.4M
$-3.7M
Q1 24
$5.9M
$-10.3M
FCF Margin
FFWM
FFWM
PLBY
PLBY
Q4 25
-72.8%
3.2%
Q3 25
13.5%
33.8%
Q2 25
-32.4%
-15.2%
Q1 25
-3.5%
-26.5%
Q4 24
-123.5%
-1.2%
Q3 24
146.2%
-23.7%
Q2 24
-16.3%
-14.8%
Q1 24
11.6%
-36.5%
Capex Intensity
FFWM
FFWM
PLBY
PLBY
Q4 25
6.9%
0.8%
Q3 25
1.0%
1.1%
Q2 25
0.8%
1.4%
Q1 25
2.8%
0.1%
Q4 24
29.4%
1.7%
Q3 24
9.0%
1.5%
Q2 24
0.4%
2.6%
Q1 24
2.5%
2.1%
Cash Conversion
FFWM
FFWM
PLBY
PLBY
Q4 25
0.39×
Q3 25
22.02×
Q2 25
Q1 25
-0.08×
Q4 24
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.

PLBY
PLBY

Transferred At Point In Time$22.2M64%
Trademark Licensing$6.5M19%
Related Party$5.0M14%
Other$1.1M3%

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