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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and LCI INDUSTRIES (LCII). Click either name above to swap in a different company.
LCI INDUSTRIES is the larger business by last-quarter revenue ($932.7M vs $888.0M, roughly 1.1× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 2.0%, a 27.4% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 16.1%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $64.3M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs -1.8%).
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.
Lucky Core Industries Limited, formerly known as ICI Pakistan, is a Pakistani conglomerate company headquartered in Karachi. It manufactures polyester, pharmaceutical, agrochemical, soda ash, and veterinary medicine.
FHN vs LCII — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $932.7M |
| Net Profit | $261.0M | $18.7M |
| Gross Margin | — | 22.1% |
| Operating Margin | 38.5% | 3.8% |
| Net Margin | 29.4% | 2.0% |
| Revenue YoY | 21.8% | 16.1% |
| Net Profit YoY | 57.2% | 95.7% |
| EPS (diluted) | $0.51 | $0.79 |
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 | $932.7M | ||
| Q3 25 | $889.0M | $1.0B | ||
| Q2 25 | $830.0M | $1.1B | ||
| Q1 25 | $812.0M | $1.0B | ||
| Q4 24 | $729.0M | $803.1M | ||
| Q3 24 | $827.0M | $915.5M | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $819.0M | $968.0M |
| Q4 25 | $261.0M | $18.7M | ||
| Q3 25 | $262.0M | $62.5M | ||
| Q2 25 | $241.0M | $57.6M | ||
| Q1 25 | $218.0M | $49.4M | ||
| Q4 24 | $166.0M | $9.5M | ||
| Q3 24 | $218.0M | $35.6M | ||
| Q2 24 | — | $61.2M | ||
| Q1 24 | $192.0M | $36.5M |
| Q4 25 | — | 22.1% | ||
| Q3 25 | — | 24.4% | ||
| Q2 25 | — | 24.4% | ||
| Q1 25 | — | 24.1% | ||
| Q4 24 | — | 21.1% | ||
| Q3 24 | — | 24.0% | ||
| Q2 24 | — | 25.3% | ||
| Q1 24 | — | 23.1% |
| Q4 25 | 38.5% | 3.8% | ||
| Q3 25 | 38.7% | 7.3% | ||
| Q2 25 | 37.2% | 7.9% | ||
| Q1 25 | 35.1% | 7.8% | ||
| Q4 24 | 28.8% | 2.0% | ||
| Q3 24 | 34.0% | 5.9% | ||
| Q2 24 | — | 8.6% | ||
| Q1 24 | 31.0% | 6.0% |
| Q4 25 | 29.4% | 2.0% | ||
| Q3 25 | 29.5% | 6.0% | ||
| Q2 25 | 29.0% | 5.2% | ||
| Q1 25 | 26.8% | 4.7% | ||
| Q4 24 | 22.8% | 1.2% | ||
| Q3 24 | 26.4% | 3.9% | ||
| Q2 24 | — | 5.8% | ||
| Q1 24 | 23.4% | 3.8% |
| Q4 25 | $0.51 | $0.79 | ||
| Q3 25 | $0.50 | $2.55 | ||
| Q2 25 | $0.45 | $2.29 | ||
| Q1 25 | $0.41 | $1.94 | ||
| Q4 24 | $0.29 | $0.37 | ||
| Q3 24 | $0.40 | $1.39 | ||
| Q2 24 | — | $2.40 | ||
| Q1 24 | $0.33 | $1.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $222.6M |
| Total DebtLower is stronger | — | $945.2M |
| Stockholders' EquityBook value | $8.8B | $1.4B |
| Total Assets | $83.9B | $3.2B |
| Debt / EquityLower = less leverage | — | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $222.6M | ||
| Q3 25 | — | $199.7M | ||
| Q2 25 | — | $191.9M | ||
| Q1 25 | — | $231.2M | ||
| Q4 24 | — | $165.8M | ||
| Q3 24 | — | $161.2M | ||
| Q2 24 | — | $130.4M | ||
| Q1 24 | — | $22.6M |
| Q4 25 | — | $945.2M | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $948.0M | ||
| Q1 25 | — | $938.3M | ||
| Q4 24 | — | $757.3M | ||
| Q3 24 | — | $822.5M | ||
| Q2 24 | — | $829.7M | ||
| Q1 24 | — | $855.3M |
| Q4 25 | $8.8B | $1.4B | ||
| Q3 25 | $8.9B | $1.4B | ||
| Q2 25 | $9.0B | $1.4B | ||
| Q1 25 | $8.7B | $1.4B | ||
| Q4 24 | $8.8B | $1.4B | ||
| Q3 24 | $9.0B | $1.4B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $8.9B | $1.4B |
| Q4 25 | $83.9B | $3.2B | ||
| Q3 25 | $83.2B | $3.2B | ||
| Q2 25 | $82.1B | $3.2B | ||
| Q1 25 | $81.5B | $3.1B | ||
| Q4 24 | $82.2B | $2.9B | ||
| Q3 24 | $82.6B | $3.0B | ||
| Q2 24 | — | $3.0B | ||
| Q1 24 | $81.8B | $3.0B |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.70× | ||
| Q2 25 | — | 0.68× | ||
| Q1 25 | — | 0.69× | ||
| Q4 24 | — | 0.55× | ||
| Q3 24 | — | 0.58× | ||
| Q2 24 | — | 0.60× | ||
| Q1 24 | — | 0.63× |
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 | $78.9M |
| Free Cash FlowOCF − Capex | $389.0M | $64.3M |
| FCF MarginFCF / Revenue | 43.8% | 6.9% |
| Capex IntensityCapex / Revenue | 0.8% | 1.6% |
| Cash ConversionOCF / Net Profit | 1.52× | 4.22× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $278.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $78.9M | ||
| Q3 25 | $-200.0M | $97.2M | ||
| Q2 25 | $83.0M | $112.2M | ||
| Q1 25 | $349.0M | $42.7M | ||
| Q4 24 | $191.0M | $106.6M | ||
| Q3 24 | $389.0M | $78.4M | ||
| Q2 24 | — | $192.9M | ||
| Q1 24 | $838.0M | $-7.7M |
| Q4 25 | $389.0M | $64.3M | ||
| Q3 25 | $-208.0M | $80.9M | ||
| Q2 25 | $74.0M | $99.5M | ||
| Q1 25 | $340.0M | $33.7M | ||
| Q4 24 | $174.0M | $95.7M | ||
| Q3 24 | $383.0M | $68.3M | ||
| Q2 24 | — | $180.2M | ||
| Q1 24 | $828.0M | $-16.3M |
| Q4 25 | 43.8% | 6.9% | ||
| Q3 25 | -23.4% | 7.8% | ||
| Q2 25 | 8.9% | 9.0% | ||
| Q1 25 | 41.9% | 3.2% | ||
| Q4 24 | 23.9% | 11.9% | ||
| Q3 24 | 46.3% | 7.5% | ||
| Q2 24 | — | 17.1% | ||
| Q1 24 | 101.1% | -1.7% |
| Q4 25 | 0.8% | 1.6% | ||
| Q3 25 | 0.9% | 1.6% | ||
| Q2 25 | 1.1% | 1.2% | ||
| Q1 25 | 1.1% | 0.9% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 0.7% | 1.1% | ||
| Q2 24 | — | 1.2% | ||
| Q1 24 | 1.2% | 0.9% |
| Q4 25 | 1.52× | 4.22× | ||
| Q3 25 | -0.76× | 1.55× | ||
| Q2 25 | 0.34× | 1.95× | ||
| Q1 25 | 1.60× | 0.86× | ||
| Q4 24 | 1.15× | 11.17× | ||
| Q3 24 | 1.78× | 2.20× | ||
| Q2 24 | — | 3.15× | ||
| Q1 24 | 4.36× | -0.21× |
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% |
LCII
| Travel Trailer And Fifth Wheels | $378.4M | 41% |
| Chassis Chassis Partsand Slideout Mechanisms | $206.1M | 22% |
| Furnitureand Mattresses | $120.4M | 13% |
| Appliances | $69.9M | 7% |
| Other Products | $69.1M | 7% |
| Axlesand Suspension Solutions | $62.3M | 7% |
| Motorhomes | $34.2M | 4% |
