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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Microchip Technology (MCHP). Click either name above to swap in a different company.
Microchip Technology is the larger business by last-quarter revenue ($1.3B vs $888.0M, roughly 1.5× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 11.0%, a 18.4% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -72.2%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $242.8M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 2.8%).
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.
Microchip Technology Incorporated is an American publicly traded semiconductor corporation that manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits.
FHN vs MCHP — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.3B |
| Net Profit | $261.0M | $144.2M |
| Gross Margin | — | 61.0% |
| Operating Margin | 38.5% | 16.6% |
| Net Margin | 29.4% | 11.0% |
| Revenue YoY | 21.8% | -72.2% |
| Net Profit YoY | 57.2% | 8.9% |
| EPS (diluted) | $0.51 | $0.21 |
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 | $1.2B | ||
| Q3 25 | $889.0M | $1.1B | ||
| Q2 25 | $830.0M | $1.1B | ||
| Q1 25 | $812.0M | $970.5M | ||
| Q4 24 | $729.0M | $1.0B | ||
| Q3 24 | $827.0M | $1.2B | ||
| Q2 24 | — | $1.2B |
| Q1 26 | — | $144.2M | ||
| Q4 25 | $261.0M | $62.7M | ||
| Q3 25 | $262.0M | $41.7M | ||
| Q2 25 | $241.0M | $-18.6M | ||
| Q1 25 | $218.0M | $-154.6M | ||
| Q4 24 | $166.0M | $-53.6M | ||
| Q3 24 | $218.0M | $78.4M | ||
| Q2 24 | — | $129.3M |
| Q1 26 | — | 61.0% | ||
| Q4 25 | — | 59.6% | ||
| Q3 25 | — | 55.9% | ||
| Q2 25 | — | 53.6% | ||
| Q1 25 | — | 51.6% | ||
| Q4 24 | — | 54.7% | ||
| Q3 24 | — | 57.4% | ||
| Q2 24 | — | 59.4% |
| Q1 26 | — | 16.6% | ||
| Q4 25 | 38.5% | 12.8% | ||
| Q3 25 | 38.7% | 7.8% | ||
| Q2 25 | 37.2% | 3.0% | ||
| Q1 25 | 35.1% | -10.3% | ||
| Q4 24 | 28.8% | 3.0% | ||
| Q3 24 | 34.0% | 12.6% | ||
| Q2 24 | — | 17.7% |
| Q1 26 | — | 11.0% | ||
| Q4 25 | 29.4% | 5.3% | ||
| Q3 25 | 29.5% | 3.7% | ||
| Q2 25 | 29.0% | -1.7% | ||
| Q1 25 | 26.8% | -15.9% | ||
| Q4 24 | 22.8% | -5.2% | ||
| Q3 24 | 26.4% | 6.7% | ||
| Q2 24 | — | 10.4% |
| Q1 26 | — | $0.21 | ||
| Q4 25 | $0.51 | $0.06 | ||
| Q3 25 | $0.50 | $0.03 | ||
| Q2 25 | $0.45 | $-0.09 | ||
| Q1 25 | $0.41 | $-0.29 | ||
| Q4 24 | $0.29 | $-0.10 | ||
| Q3 24 | $0.40 | $0.14 | ||
| Q2 24 | — | $0.24 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $240.3M |
| Total DebtLower is stronger | — | $5.5B |
| Stockholders' EquityBook value | $8.8B | $6.4B |
| Total Assets | $83.9B | $14.4B |
| Debt / EquityLower = less leverage | — | 0.85× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $240.3M | ||
| Q4 25 | — | $250.7M | ||
| Q3 25 | — | $236.8M | ||
| Q2 25 | — | $566.5M | ||
| Q1 25 | — | $771.7M | ||
| Q4 24 | — | $586.0M | ||
| Q3 24 | — | $286.1M | ||
| Q2 24 | — | $315.1M |
| Q1 26 | — | $5.5B | ||
| Q4 25 | — | $5.4B | ||
| Q3 25 | — | $5.4B | ||
| Q2 25 | — | $5.5B | ||
| Q1 25 | — | $5.6B | ||
| Q4 24 | — | $6.7B | ||
| Q3 24 | — | $6.4B | ||
| Q2 24 | — | $6.2B |
| Q1 26 | — | $6.4B | ||
| Q4 25 | $8.8B | $6.6B | ||
| Q3 25 | $8.9B | $6.7B | ||
| Q2 25 | $9.0B | $6.9B | ||
| Q1 25 | $8.7B | $7.1B | ||
| Q4 24 | $8.8B | $6.0B | ||
| Q3 24 | $9.0B | $6.3B | ||
| Q2 24 | — | $6.4B |
| Q1 26 | — | $14.4B | ||
| Q4 25 | $83.9B | $14.3B | ||
| Q3 25 | $83.2B | $14.5B | ||
| Q2 25 | $82.1B | $15.0B | ||
| Q1 25 | $81.5B | $15.4B | ||
| Q4 24 | $82.2B | $15.6B | ||
| Q3 24 | $82.6B | $15.6B | ||
| Q2 24 | — | $15.8B |
| Q1 26 | — | 0.85× | ||
| Q4 25 | — | 0.82× | ||
| Q3 25 | — | 0.80× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 1.12× | ||
| Q3 24 | — | 1.02× | ||
| Q2 24 | — | 0.96× |
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 | $242.8M |
| FCF MarginFCF / Revenue | 43.8% | 18.5% |
| Capex IntensityCapex / Revenue | 0.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $871.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $396.0M | $341.4M | ||
| Q3 25 | $-200.0M | $88.1M | ||
| Q2 25 | $83.0M | $275.6M | ||
| Q1 25 | $349.0M | $205.9M | ||
| Q4 24 | $191.0M | $271.5M | ||
| Q3 24 | $389.0M | $43.6M | ||
| Q2 24 | — | $377.1M |
| Q1 26 | — | $242.8M | ||
| Q4 25 | $389.0M | $318.9M | ||
| Q3 25 | $-208.0M | $51.6M | ||
| Q2 25 | $74.0M | $257.7M | ||
| Q1 25 | $340.0M | $191.7M | ||
| Q4 24 | $174.0M | $253.4M | ||
| Q3 24 | $383.0M | $22.8M | ||
| Q2 24 | — | $304.2M |
| Q1 26 | — | 18.5% | ||
| Q4 25 | 43.8% | 26.9% | ||
| Q3 25 | -23.4% | 4.5% | ||
| Q2 25 | 8.9% | 24.0% | ||
| Q1 25 | 41.9% | 19.8% | ||
| Q4 24 | 23.9% | 24.7% | ||
| Q3 24 | 46.3% | 2.0% | ||
| Q2 24 | — | 24.5% |
| Q1 26 | — | 1.1% | ||
| Q4 25 | 0.8% | 1.9% | ||
| Q3 25 | 0.9% | 3.2% | ||
| Q2 25 | 1.1% | 1.7% | ||
| Q1 25 | 1.1% | 1.5% | ||
| Q4 24 | 2.3% | 1.8% | ||
| Q3 24 | 0.7% | 1.8% | ||
| Q2 24 | — | 5.9% |
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 5.44× | ||
| Q3 25 | -0.76× | 2.11× | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | 0.56× | ||
| Q2 24 | — | 2.92× |
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% |
MCHP
Segment breakdown not available.
