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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Incyte (INCY). Click either name above to swap in a different company.
Incyte is the larger business by last-quarter revenue ($1.3B vs $888.0M, roughly 1.4× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 23.8%, a 5.6% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 20.9%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 10.4%).
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.
Incyte Corporation is an American multinational pharmaceutical company with headquarters in Wilmington, Delaware. The company currently operates manufacturing and R&D locations in North America, Europe, and Asia.
FHN vs INCY — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.3B |
| Net Profit | $261.0M | $303.3M |
| Gross Margin | — | — |
| Operating Margin | 38.5% | 23.7% |
| Net Margin | 29.4% | 23.8% |
| Revenue YoY | 21.8% | 20.9% |
| Net Profit YoY | 57.2% | 91.7% |
| EPS (diluted) | $0.51 | $1.47 |
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.
| Q1 26 | — | $1.3B | ||
| Q4 25 | $888.0M | $1.5B | ||
| Q3 25 | $889.0M | $1.4B | ||
| Q2 25 | $830.0M | $1.2B | ||
| Q1 25 | $812.0M | $1.1B | ||
| Q4 24 | $729.0M | $1.2B | ||
| Q3 24 | $827.0M | $1.1B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | $303.3M | ||
| Q4 25 | $261.0M | $299.3M | ||
| Q3 25 | $262.0M | $424.2M | ||
| Q2 25 | $241.0M | $405.0M | ||
| Q1 25 | $218.0M | $158.2M | ||
| Q4 24 | $166.0M | $201.2M | ||
| Q3 24 | $218.0M | $106.5M | ||
| Q2 24 | — | $-444.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 92.0% | ||
| Q3 25 | — | 92.8% | ||
| Q2 25 | — | 93.5% | ||
| Q1 25 | — | 93.0% | ||
| Q4 24 | — | 92.5% | ||
| Q3 24 | — | 92.4% | ||
| Q2 24 | — | 92.7% |
| Q1 26 | — | 23.7% | ||
| Q4 25 | 38.5% | 22.3% | ||
| Q3 25 | 38.7% | 32.5% | ||
| Q2 25 | 37.2% | 43.6% | ||
| Q1 25 | 35.1% | 19.5% | ||
| Q4 24 | 28.8% | 25.6% | ||
| Q3 24 | 34.0% | 12.8% | ||
| Q2 24 | — | -45.8% |
| Q1 26 | — | 23.8% | ||
| Q4 25 | 29.4% | 19.9% | ||
| Q3 25 | 29.5% | 31.1% | ||
| Q2 25 | 29.0% | 33.3% | ||
| Q1 25 | 26.8% | 15.0% | ||
| Q4 24 | 22.8% | 17.1% | ||
| Q3 24 | 26.4% | 9.4% | ||
| Q2 24 | — | -42.6% |
| Q1 26 | — | $1.47 | ||
| Q4 25 | $0.51 | $1.46 | ||
| Q3 25 | $0.50 | $2.11 | ||
| Q2 25 | $0.45 | $2.04 | ||
| Q1 25 | $0.41 | $0.80 | ||
| Q4 24 | $0.29 | $0.90 | ||
| Q3 24 | $0.40 | $0.54 | ||
| Q2 24 | — | $-2.04 |
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 | — | — |
| Stockholders' EquityBook value | $8.8B | $5.6B |
| Total Assets | $83.9B | $7.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.9B | ||
| Q4 24 | — | $1.7B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $987.3M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $8.8B | $5.2B | ||
| Q3 25 | $8.9B | $4.7B | ||
| Q2 25 | $9.0B | $4.2B | ||
| Q1 25 | $8.7B | $3.7B | ||
| Q4 24 | $8.8B | $3.4B | ||
| Q3 24 | $9.0B | $3.2B | ||
| Q2 24 | — | $3.0B |
| Q1 26 | — | $7.3B | ||
| Q4 25 | $83.9B | $7.0B | ||
| Q3 25 | $83.2B | $6.3B | ||
| Q2 25 | $82.1B | $5.8B | ||
| Q1 25 | $81.5B | $5.7B | ||
| Q4 24 | $82.2B | $5.4B | ||
| Q3 24 | $82.6B | $5.0B | ||
| Q2 24 | — | $4.7B |
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 | — |
| Free Cash FlowOCF − Capex | $389.0M | — |
| FCF MarginFCF / Revenue | 43.8% | — |
| Capex IntensityCapex / Revenue | 0.8% | — |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $396.0M | $543.3M | ||
| Q3 25 | $-200.0M | $559.4M | ||
| Q2 25 | $83.0M | $44.7M | ||
| Q1 25 | $349.0M | $266.1M | ||
| Q4 24 | $191.0M | $381.2M | ||
| Q3 24 | $389.0M | $310.9M | ||
| Q2 24 | — | $-575.6M |
| Q1 26 | — | — | ||
| Q4 25 | $389.0M | — | ||
| Q3 25 | $-208.0M | — | ||
| Q2 25 | $74.0M | — | ||
| Q1 25 | $340.0M | — | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $383.0M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | — | ||
| Q3 25 | -23.4% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 41.9% | — | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.7% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 1.82× | ||
| Q3 25 | -0.76× | 1.32× | ||
| Q2 25 | 0.34× | 0.11× | ||
| Q1 25 | 1.60× | 1.68× | ||
| Q4 24 | 1.15× | 1.89× | ||
| Q3 24 | 1.78× | 2.92× | ||
| Q2 24 | — | — |
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% |
INCY
Segment breakdown not available.
