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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Fabrinet (FN). Click either name above to swap in a different company.
Fabrinet is the larger business by last-quarter revenue ($1.1B vs $888.0M, roughly 1.3× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 9.9%, a 19.5% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 21.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 20.0%).
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.
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
FHN vs FN — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.1B |
| Net Profit | $261.0M | $112.6M |
| Gross Margin | — | 12.2% |
| Operating Margin | 38.5% | 10.1% |
| Net Margin | 29.4% | 9.9% |
| Revenue YoY | 21.8% | 35.9% |
| Net Profit YoY | 57.2% | 30.0% |
| EPS (diluted) | $0.51 | $3.11 |
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 | $888.0M | $1.1B | ||
| Q3 25 | $889.0M | $978.1M | ||
| Q2 25 | $830.0M | $909.7M | ||
| Q1 25 | $812.0M | $871.8M | ||
| Q4 24 | $729.0M | $833.6M | ||
| Q3 24 | $827.0M | $804.2M | ||
| Q2 24 | — | $753.3M | ||
| Q1 24 | $819.0M | $731.5M |
| Q4 25 | $261.0M | $112.6M | ||
| Q3 25 | $262.0M | $95.9M | ||
| Q2 25 | $241.0M | $87.2M | ||
| Q1 25 | $218.0M | $81.3M | ||
| Q4 24 | $166.0M | $86.6M | ||
| Q3 24 | $218.0M | $77.4M | ||
| Q2 24 | — | $81.1M | ||
| Q1 24 | $192.0M | $80.9M |
| Q4 25 | — | 12.2% | ||
| Q3 25 | — | 11.9% | ||
| Q2 25 | — | 12.2% | ||
| Q1 25 | — | 11.7% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | — | 12.3% | ||
| Q2 24 | — | 12.3% | ||
| Q1 24 | — | 12.4% |
| Q4 25 | 38.5% | 10.1% | ||
| Q3 25 | 38.7% | 9.6% | ||
| Q2 25 | 37.2% | 9.8% | ||
| Q1 25 | 35.1% | 9.0% | ||
| Q4 24 | 28.8% | 9.5% | ||
| Q3 24 | 34.0% | 9.6% | ||
| Q2 24 | — | 9.7% | ||
| Q1 24 | 31.0% | 9.7% |
| Q4 25 | 29.4% | 9.9% | ||
| Q3 25 | 29.5% | 9.8% | ||
| Q2 25 | 29.0% | 9.6% | ||
| Q1 25 | 26.8% | 9.3% | ||
| Q4 24 | 22.8% | 10.4% | ||
| Q3 24 | 26.4% | 9.6% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | 23.4% | 11.1% |
| Q4 25 | $0.51 | $3.11 | ||
| Q3 25 | $0.50 | $2.66 | ||
| Q2 25 | $0.45 | $2.41 | ||
| Q1 25 | $0.41 | $2.25 | ||
| Q4 24 | $0.29 | $2.38 | ||
| Q3 24 | $0.40 | $2.13 | ||
| Q2 24 | — | $2.22 | ||
| Q1 24 | $0.33 | $2.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $960.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $2.2B |
| Total Assets | $83.9B | $3.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $960.8M | ||
| Q3 25 | — | $968.8M | ||
| Q2 25 | — | $934.2M | ||
| Q1 25 | — | $950.7M | ||
| Q4 24 | — | $934.6M | ||
| Q3 24 | — | $908.9M | ||
| Q2 24 | — | $858.6M | ||
| Q1 24 | — | $794.0M |
| Q4 25 | $8.8B | $2.2B | ||
| Q3 25 | $8.9B | $2.1B | ||
| Q2 25 | $9.0B | $2.0B | ||
| Q1 25 | $8.7B | $1.9B | ||
| Q4 24 | $8.8B | $1.8B | ||
| Q3 24 | $9.0B | $1.8B | ||
| Q2 24 | — | $1.7B | ||
| Q1 24 | $8.9B | $1.7B |
| Q4 25 | $83.9B | $3.3B | ||
| Q3 25 | $83.2B | $3.0B | ||
| Q2 25 | $82.1B | $2.8B | ||
| Q1 25 | $81.5B | $2.6B | ||
| Q4 24 | $82.2B | $2.5B | ||
| Q3 24 | $82.6B | $2.4B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | $81.8B | $2.2B |
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 | $396.0M | $46.3M |
| Free Cash FlowOCF − Capex | $389.0M | $-5.3M |
| FCF MarginFCF / Revenue | 43.8% | -0.5% |
| Capex IntensityCapex / Revenue | 0.8% | 4.6% |
| Cash ConversionOCF / Net Profit | 1.52× | 0.41× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $102.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $46.3M | ||
| Q3 25 | $-200.0M | $102.6M | ||
| Q2 25 | $83.0M | $55.1M | ||
| Q1 25 | $349.0M | $74.2M | ||
| Q4 24 | $191.0M | $115.9M | ||
| Q3 24 | $389.0M | $83.2M | ||
| Q2 24 | — | $83.1M | ||
| Q1 24 | $838.0M | $100.9M |
| Q4 25 | $389.0M | $-5.3M | ||
| Q3 25 | $-208.0M | $57.3M | ||
| Q2 25 | $74.0M | $4.7M | ||
| Q1 25 | $340.0M | $45.7M | ||
| Q4 24 | $174.0M | $94.0M | ||
| Q3 24 | $383.0M | $62.9M | ||
| Q2 24 | — | $70.4M | ||
| Q1 24 | $828.0M | $87.3M |
| Q4 25 | 43.8% | -0.5% | ||
| Q3 25 | -23.4% | 5.9% | ||
| Q2 25 | 8.9% | 0.5% | ||
| Q1 25 | 41.9% | 5.2% | ||
| Q4 24 | 23.9% | 11.3% | ||
| Q3 24 | 46.3% | 7.8% | ||
| Q2 24 | — | 9.3% | ||
| Q1 24 | 101.1% | 11.9% |
| Q4 25 | 0.8% | 4.6% | ||
| Q3 25 | 0.9% | 4.6% | ||
| Q2 25 | 1.1% | 5.5% | ||
| Q1 25 | 1.1% | 3.3% | ||
| Q4 24 | 2.3% | 2.6% | ||
| Q3 24 | 0.7% | 2.5% | ||
| Q2 24 | — | 1.7% | ||
| Q1 24 | 1.2% | 1.9% |
| Q4 25 | 1.52× | 0.41× | ||
| Q3 25 | -0.76× | 1.07× | ||
| Q2 25 | 0.34× | 0.63× | ||
| Q1 25 | 1.60× | 0.91× | ||
| Q4 24 | 1.15× | 1.34× | ||
| Q3 24 | 1.78× | 1.07× | ||
| Q2 24 | — | 1.02× | ||
| Q1 24 | 4.36× | 1.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FHN
| Commercial Consumer And Wealth Segment | $776.0M | 87% |
| Other | $88.0M | 10% |
| Corporate | $24.0M | 3% |
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
