vs
Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Acushnet Holdings Corp. (GOLF). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $477.2M, roughly 1.9× Acushnet Holdings Corp.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -7.3%, a 36.7% 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 $-23.3M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -17.9%).
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.
The Acushnet Company is an American company focused on the golf market. The company operates a series of brands that manufacture golf equipment, clothing and accessories.
FHN vs GOLF — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $477.2M |
| Net Profit | $261.0M | $-34.9M |
| Gross Margin | — | 44.1% |
| Operating Margin | 38.5% | -3.8% |
| Net Margin | 29.4% | -7.3% |
| Revenue YoY | 21.8% | 7.2% |
| Net Profit YoY | 57.2% | -3027.3% |
| EPS (diluted) | $0.51 | $-0.57 |
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 | $477.2M | ||
| Q3 25 | $889.0M | $657.7M | ||
| Q2 25 | $830.0M | $720.5M | ||
| Q1 25 | $812.0M | $703.4M | ||
| Q4 24 | $729.0M | $445.2M | ||
| Q3 24 | $827.0M | $620.5M | ||
| Q2 24 | — | $683.9M | ||
| Q1 24 | $819.0M | $707.6M |
| Q4 25 | $261.0M | $-34.9M | ||
| Q3 25 | $262.0M | $48.5M | ||
| Q2 25 | $241.0M | $75.6M | ||
| Q1 25 | $218.0M | $99.4M | ||
| Q4 24 | $166.0M | $-1.1M | ||
| Q3 24 | $218.0M | $56.2M | ||
| Q2 24 | — | $71.4M | ||
| Q1 24 | $192.0M | $87.8M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 48.5% | ||
| Q2 25 | — | 49.2% | ||
| Q1 25 | — | 47.9% | ||
| Q4 24 | — | 22.6% | ||
| Q3 24 | — | 54.4% | ||
| Q2 24 | — | 54.4% | ||
| Q1 24 | — | 53.4% |
| Q4 25 | 38.5% | -3.8% | ||
| Q3 25 | 38.7% | 14.1% | ||
| Q2 25 | 37.2% | 15.2% | ||
| Q1 25 | 35.1% | 16.3% | ||
| Q4 24 | 28.8% | -1.2% | ||
| Q3 24 | 34.0% | 13.2% | ||
| Q2 24 | — | 15.5% | ||
| Q1 24 | 31.0% | 17.2% |
| Q4 25 | 29.4% | -7.3% | ||
| Q3 25 | 29.5% | 7.4% | ||
| Q2 25 | 29.0% | 10.5% | ||
| Q1 25 | 26.8% | 14.1% | ||
| Q4 24 | 22.8% | -0.3% | ||
| Q3 24 | 26.4% | 9.1% | ||
| Q2 24 | — | 10.4% | ||
| Q1 24 | 23.4% | 12.4% |
| Q4 25 | $0.51 | $-0.57 | ||
| Q3 25 | $0.50 | $0.81 | ||
| Q2 25 | $0.45 | $1.25 | ||
| Q1 25 | $0.41 | $1.62 | ||
| Q4 24 | $0.29 | $0.02 | ||
| Q3 24 | $0.40 | $0.89 | ||
| Q2 24 | — | $1.11 | ||
| Q1 24 | $0.33 | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | $926.2M |
| Stockholders' EquityBook value | $8.8B | $783.6M |
| Total Assets | $83.9B | $2.3B |
| Debt / EquityLower = less leverage | — | 1.18× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $926.2M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $753.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $8.8B | $783.6M | ||
| Q3 25 | $8.9B | $852.3M | ||
| Q2 25 | $9.0B | $808.5M | ||
| Q1 25 | $8.7B | $780.3M | ||
| Q4 24 | $8.8B | $765.2M | ||
| Q3 24 | $9.0B | $863.9M | ||
| Q2 24 | — | $863.7M | ||
| Q1 24 | $8.9B | $883.7M |
| Q4 25 | $83.9B | $2.3B | ||
| Q3 25 | $83.2B | $2.4B | ||
| Q2 25 | $82.1B | $2.4B | ||
| Q1 25 | $81.5B | $2.4B | ||
| Q4 24 | $82.2B | $2.2B | ||
| Q3 24 | $82.6B | $2.3B | ||
| Q2 24 | — | $2.3B | ||
| Q1 24 | $81.8B | $2.4B |
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.98× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-338.0K |
| Free Cash FlowOCF − Capex | $389.0M | $-23.3M |
| FCF MarginFCF / Revenue | 43.8% | -4.9% |
| Capex IntensityCapex / Revenue | 0.8% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $120.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $-338.0K | ||
| Q3 25 | $-200.0M | $163.1M | ||
| Q2 25 | $83.0M | $151.9M | ||
| Q1 25 | $349.0M | $-120.3M | ||
| Q4 24 | $191.0M | $-1.1M | ||
| Q3 24 | $389.0M | $144.1M | ||
| Q2 24 | — | $211.6M | ||
| Q1 24 | $838.0M | $-109.5M |
| Q4 25 | $389.0M | $-23.3M | ||
| Q3 25 | $-208.0M | $136.9M | ||
| Q2 25 | $74.0M | $138.0M | ||
| Q1 25 | $340.0M | $-131.5M | ||
| Q4 24 | $174.0M | $-33.2M | ||
| Q3 24 | $383.0M | $123.7M | ||
| Q2 24 | — | $196.8M | ||
| Q1 24 | $828.0M | $-116.8M |
| Q4 25 | 43.8% | -4.9% | ||
| Q3 25 | -23.4% | 20.8% | ||
| Q2 25 | 8.9% | 19.2% | ||
| Q1 25 | 41.9% | -18.7% | ||
| Q4 24 | 23.9% | -7.5% | ||
| Q3 24 | 46.3% | 19.9% | ||
| Q2 24 | — | 28.8% | ||
| Q1 24 | 101.1% | -16.5% |
| Q4 25 | 0.8% | 4.8% | ||
| Q3 25 | 0.9% | 4.0% | ||
| Q2 25 | 1.1% | 1.9% | ||
| Q1 25 | 1.1% | 1.6% | ||
| Q4 24 | 2.3% | 7.2% | ||
| Q3 24 | 0.7% | 3.3% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 1.2% | 1.0% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 3.36× | ||
| Q2 25 | 0.34× | 2.01× | ||
| Q1 25 | 1.60× | -1.21× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | 2.56× | ||
| Q2 24 | — | 2.96× | ||
| 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% |
GOLF
| Titleist Golf Equipment | $293.8M | 62% |
| Footjoy Golf Wear | $102.0M | 21% |
| Other | $45.3M | 9% |
| Golf Gear | $36.1M | 8% |
