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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and MATERION Corp (MTRN). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $549.8M, roughly 1.6× MATERION Corp). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 3.5%, a 25.9% gap on every dollar of revenue. On growth, MATERION Corp posted the faster year-over-year revenue change (30.8% vs 21.8%). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 13.6%).
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.
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
FHN vs MTRN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $549.8M |
| Net Profit | $261.0M | $19.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | 38.5% | 5.1% |
| Net Margin | 29.4% | 3.5% |
| Revenue YoY | 21.8% | 30.8% |
| Net Profit YoY | 57.2% | 9.5% |
| EPS (diluted) | $0.51 | — |
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 | — | $549.8M | ||
| Q4 25 | $888.0M | $489.8M | ||
| Q3 25 | $889.0M | $444.8M | ||
| Q2 25 | $830.0M | $431.7M | ||
| Q1 25 | $812.0M | $420.3M | ||
| Q4 24 | $729.0M | $436.9M | ||
| Q3 24 | $827.0M | $436.7M | ||
| Q2 24 | — | $425.9M |
| Q1 26 | — | $19.4M | ||
| Q4 25 | $261.0M | $6.6M | ||
| Q3 25 | $262.0M | $25.4M | ||
| Q2 25 | $241.0M | $25.1M | ||
| Q1 25 | $218.0M | $17.7M | ||
| Q4 24 | $166.0M | $-48.9M | ||
| Q3 24 | $218.0M | $22.3M | ||
| Q2 24 | — | $19.0M |
| Q1 26 | — | 14.9% | ||
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 19.4% | ||
| Q2 25 | — | 19.1% | ||
| Q1 25 | — | 18.1% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 18.5% | ||
| Q2 24 | — | 19.0% |
| Q1 26 | — | 5.1% | ||
| Q4 25 | 38.5% | 2.2% | ||
| Q3 25 | 38.7% | 7.9% | ||
| Q2 25 | 37.2% | 8.5% | ||
| Q1 25 | 35.1% | 6.5% | ||
| Q4 24 | 28.8% | -8.8% | ||
| Q3 24 | 34.0% | 7.2% | ||
| Q2 24 | — | 7.5% |
| Q1 26 | — | 3.5% | ||
| Q4 25 | 29.4% | 1.3% | ||
| Q3 25 | 29.5% | 5.7% | ||
| Q2 25 | 29.0% | 5.8% | ||
| Q1 25 | 26.8% | 4.2% | ||
| Q4 24 | 22.8% | -11.2% | ||
| Q3 24 | 26.4% | 5.1% | ||
| Q2 24 | — | 4.5% |
| Q1 26 | — | — | ||
| Q4 25 | $0.51 | $0.30 | ||
| Q3 25 | $0.50 | $1.22 | ||
| Q2 25 | $0.45 | $1.21 | ||
| Q1 25 | $0.41 | $0.85 | ||
| Q4 24 | $0.29 | $-2.34 | ||
| Q3 24 | $0.40 | $1.07 | ||
| Q2 24 | — | $0.91 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $16.2M |
| Total DebtLower is stronger | — | $489.9M |
| Stockholders' EquityBook value | $8.8B | $957.0M |
| Total Assets | $83.9B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.51× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $16.2M | ||
| Q4 25 | — | $13.7M | ||
| Q3 25 | — | $16.4M | ||
| Q2 25 | — | $12.6M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | — | $17.9M | ||
| Q2 24 | — | $17.1M |
| Q1 26 | — | $489.9M | ||
| Q4 25 | — | $460.6M | ||
| Q3 25 | — | $458.9M | ||
| Q2 25 | — | $427.6M | ||
| Q1 25 | — | $453.0M | ||
| Q4 24 | — | $443.9M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $957.0M | ||
| Q4 25 | $8.8B | $943.3M | ||
| Q3 25 | $8.9B | $934.6M | ||
| Q2 25 | $9.0B | $910.6M | ||
| Q1 25 | $8.7B | $887.9M | ||
| Q4 24 | $8.8B | $868.9M | ||
| Q3 24 | $9.0B | $931.9M | ||
| Q2 24 | — | $907.1M |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $83.9B | $1.8B | ||
| Q3 25 | $83.2B | $1.8B | ||
| Q2 25 | $82.1B | $1.7B | ||
| Q1 25 | $81.5B | $1.8B | ||
| Q4 24 | $82.2B | $1.7B | ||
| Q3 24 | $82.6B | $1.9B | ||
| Q2 24 | — | $1.8B |
| Q1 26 | — | 0.51× | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | 0.49× | ||
| Q2 25 | — | 0.47× | ||
| Q1 25 | — | 0.51× | ||
| Q4 24 | — | 0.51× | ||
| Q3 24 | — | — | ||
| Q2 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 | — |
| 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 | $19.5M | ||
| Q3 25 | $-200.0M | $18.3M | ||
| Q2 25 | $83.0M | $49.9M | ||
| Q1 25 | $349.0M | $15.5M | ||
| Q4 24 | $191.0M | $76.3M | ||
| Q3 24 | $389.0M | $5.1M | ||
| Q2 24 | — | $20.3M |
| Q1 26 | — | — | ||
| Q4 25 | $389.0M | — | ||
| Q3 25 | $-208.0M | — | ||
| Q2 25 | $74.0M | — | ||
| Q1 25 | $340.0M | $3.2M | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $383.0M | $-24.3M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 43.8% | — | ||
| Q3 25 | -23.4% | — | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 41.9% | 0.8% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 46.3% | -5.6% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.8% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 1.1% | — | ||
| Q1 25 | 1.1% | 2.9% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.7% | 6.7% | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 1.52× | 2.97× | ||
| Q3 25 | -0.76× | 0.72× | ||
| Q2 25 | 0.34× | 1.99× | ||
| Q1 25 | 1.60× | 0.88× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | 0.23× | ||
| Q2 24 | — | 1.07× |
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% |
MTRN
Segment breakdown not available.
