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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and GUESS INC (GES). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $791.4M, roughly 1.1× GUESS INC). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 3.2%, a 26.2% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 7.2%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $-56.3M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -5.8%).
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.
Guess?, Inc. is an American clothing company, notable for its black-and-white advertisements. It licenses its brand on other fashion accessories, such as watches, jewelry, perfumes, bags and shoes.
FHN vs GES — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $791.4M |
| Net Profit | $261.0M | $25.6M |
| Gross Margin | — | 42.5% |
| Operating Margin | 38.5% | 2.9% |
| Net Margin | 29.4% | 3.2% |
| Revenue YoY | 21.8% | 7.2% |
| Net Profit YoY | 57.2% | 209.6% |
| EPS (diluted) | $0.51 | $0.48 |
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 | $791.4M | ||
| Q3 25 | $889.0M | $772.9M | ||
| Q2 25 | $830.0M | $647.8M | ||
| Q1 25 | $812.0M | $932.3M | ||
| Q4 24 | $729.0M | $738.5M | ||
| Q3 24 | $827.0M | $732.6M | ||
| Q2 24 | — | $591.9M | ||
| Q1 24 | $819.0M | $891.0M |
| Q4 25 | $261.0M | $25.6M | ||
| Q3 25 | $262.0M | $6.2M | ||
| Q2 25 | $241.0M | $-32.9M | ||
| Q1 25 | $218.0M | $81.4M | ||
| Q4 24 | $166.0M | $-23.4M | ||
| Q3 24 | $218.0M | $-10.6M | ||
| Q2 24 | — | $13.0M | ||
| Q1 24 | $192.0M | $115.3M |
| Q4 25 | — | 42.5% | ||
| Q3 25 | — | 42.5% | ||
| Q2 25 | — | 39.9% | ||
| Q1 25 | — | 44.1% | ||
| Q4 24 | — | 43.6% | ||
| Q3 24 | — | 43.7% | ||
| Q2 24 | — | 41.9% | ||
| Q1 24 | — | 45.4% |
| Q4 25 | 38.5% | 2.9% | ||
| Q3 25 | 38.7% | 2.3% | ||
| Q2 25 | 37.2% | -5.1% | ||
| Q1 25 | 35.1% | 11.1% | ||
| Q4 24 | 28.8% | 5.7% | ||
| Q3 24 | 34.0% | 6.5% | ||
| Q2 24 | — | -3.4% | ||
| Q1 24 | 31.0% | 16.3% |
| Q4 25 | 29.4% | 3.2% | ||
| Q3 25 | 29.5% | 0.8% | ||
| Q2 25 | 29.0% | -5.1% | ||
| Q1 25 | 26.8% | 8.7% | ||
| Q4 24 | 22.8% | -3.2% | ||
| Q3 24 | 26.4% | -1.4% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 23.4% | 12.9% |
| Q4 25 | $0.51 | $0.48 | ||
| Q3 25 | $0.50 | $0.12 | ||
| Q2 25 | $0.45 | $-0.65 | ||
| Q1 25 | $0.41 | $1.29 | ||
| Q4 24 | $0.29 | $-0.47 | ||
| Q3 24 | $0.40 | $-0.28 | ||
| Q2 24 | — | $0.23 | ||
| Q1 24 | $0.33 | $1.90 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $154.2M |
| Total DebtLower is stronger | — | $299.5M |
| Stockholders' EquityBook value | $8.8B | $508.5M |
| Total Assets | $83.9B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.59× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $154.2M | ||
| Q3 25 | — | $189.6M | ||
| Q2 25 | — | $151.2M | ||
| Q1 25 | — | $187.7M | ||
| Q4 24 | — | $140.9M | ||
| Q3 24 | — | $218.9M | ||
| Q2 24 | — | $241.7M | ||
| Q1 24 | — | $360.3M |
| Q4 25 | — | $299.5M | ||
| Q3 25 | — | $258.4M | ||
| Q2 25 | — | $241.7M | ||
| Q1 25 | — | $150.7M | ||
| Q4 24 | — | $238.3M | ||
| Q3 24 | — | $187.8M | ||
| Q2 24 | — | $196.9M | ||
| Q1 24 | — | $28.2M |
| Q4 25 | $8.8B | $508.5M | ||
| Q3 25 | $8.9B | $487.6M | ||
| Q2 25 | $9.0B | $483.6M | ||
| Q1 25 | $8.7B | $505.0M | ||
| Q4 24 | $8.8B | $450.7M | ||
| Q3 24 | $9.0B | $491.2M | ||
| Q2 24 | — | $565.5M | ||
| Q1 24 | $8.9B | $684.9M |
| Q4 25 | $83.9B | $3.0B | ||
| Q3 25 | $83.2B | $3.0B | ||
| Q2 25 | $82.1B | $2.9B | ||
| Q1 25 | $81.5B | $2.8B | ||
| Q4 24 | $82.2B | $2.8B | ||
| Q3 24 | $82.6B | $2.8B | ||
| Q2 24 | — | $2.7B | ||
| Q1 24 | $81.8B | $2.6B |
| Q4 25 | — | 0.59× | ||
| Q3 25 | — | 0.53× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.30× | ||
| Q4 24 | — | 0.53× | ||
| Q3 24 | — | 0.38× | ||
| Q2 24 | — | 0.35× | ||
| Q1 24 | — | 0.04× |
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 | $-39.5M |
| Free Cash FlowOCF − Capex | $389.0M | $-56.3M |
| FCF MarginFCF / Revenue | 43.8% | -7.1% |
| Capex IntensityCapex / Revenue | 0.8% | 2.1% |
| Cash ConversionOCF / Net Profit | 1.52× | -1.54× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $62.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $-39.5M | ||
| Q3 25 | $-200.0M | $74.9M | ||
| Q2 25 | $83.0M | $-73.4M | ||
| Q1 25 | $349.0M | $183.2M | ||
| Q4 24 | $191.0M | $-83.3M | ||
| Q3 24 | $389.0M | $44.7M | ||
| Q2 24 | — | $-22.9M | ||
| Q1 24 | $838.0M | $289.5M |
| Q4 25 | $389.0M | $-56.3M | ||
| Q3 25 | $-208.0M | $53.4M | ||
| Q2 25 | $74.0M | $-95.3M | ||
| Q1 25 | $340.0M | $160.7M | ||
| Q4 24 | $174.0M | $-105.4M | ||
| Q3 24 | $383.0M | $24.3M | ||
| Q2 24 | — | $-44.0M | ||
| Q1 24 | $828.0M | $267.8M |
| Q4 25 | 43.8% | -7.1% | ||
| Q3 25 | -23.4% | 6.9% | ||
| Q2 25 | 8.9% | -14.7% | ||
| Q1 25 | 41.9% | 17.2% | ||
| Q4 24 | 23.9% | -14.3% | ||
| Q3 24 | 46.3% | 3.3% | ||
| Q2 24 | — | -7.4% | ||
| Q1 24 | 101.1% | 30.1% |
| Q4 25 | 0.8% | 2.1% | ||
| Q3 25 | 0.9% | 2.8% | ||
| Q2 25 | 1.1% | 3.4% | ||
| Q1 25 | 1.1% | 2.4% | ||
| Q4 24 | 2.3% | 3.0% | ||
| Q3 24 | 0.7% | 2.8% | ||
| Q2 24 | — | 3.6% | ||
| Q1 24 | 1.2% | 2.4% |
| Q4 25 | 1.52× | -1.54× | ||
| Q3 25 | -0.76× | 12.00× | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | 2.25× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | -1.76× | ||
| Q1 24 | 4.36× | 2.51× |
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% |
GES
| Products | $760.3M | 96% |
| Royalty | $31.1M | 4% |
