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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Noble Corp plc (NE). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $764.4M, roughly 1.2× Noble Corp plc). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 11.3%, a 18.1% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -17.6%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $35.4M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 9.5%).
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.
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
FHN vs NE — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $764.4M |
| Net Profit | $261.0M | $86.6M |
| Gross Margin | — | — |
| Operating Margin | 38.5% | 5.6% |
| Net Margin | 29.4% | 11.3% |
| Revenue YoY | 21.8% | -17.6% |
| Net Profit YoY | 57.2% | -10.4% |
| EPS (diluted) | $0.51 | $0.54 |
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 | $764.4M | ||
| Q3 25 | $889.0M | $798.0M | ||
| Q2 25 | $830.0M | $848.7M | ||
| Q1 25 | $812.0M | $874.5M | ||
| Q4 24 | $729.0M | $927.3M | ||
| Q3 24 | $827.0M | $800.5M | ||
| Q2 24 | — | $692.8M | ||
| Q1 24 | $819.0M | $637.1M |
| Q4 25 | $261.0M | $86.6M | ||
| Q3 25 | $262.0M | $-21.1M | ||
| Q2 25 | $241.0M | $42.9M | ||
| Q1 25 | $218.0M | $108.3M | ||
| Q4 24 | $166.0M | $96.6M | ||
| Q3 24 | $218.0M | $61.2M | ||
| Q2 24 | — | $195.0M | ||
| Q1 24 | $192.0M | $95.5M |
| Q4 25 | 38.5% | 5.6% | ||
| Q3 25 | 38.7% | 6.3% | ||
| Q2 25 | 37.2% | 15.9% | ||
| Q1 25 | 35.1% | 21.4% | ||
| Q4 24 | 28.8% | 18.4% | ||
| Q3 24 | 34.0% | 14.4% | ||
| Q2 24 | — | 30.3% | ||
| Q1 24 | 31.0% | 16.9% |
| Q4 25 | 29.4% | 11.3% | ||
| Q3 25 | 29.5% | -2.6% | ||
| Q2 25 | 29.0% | 5.1% | ||
| Q1 25 | 26.8% | 12.4% | ||
| Q4 24 | 22.8% | 10.4% | ||
| Q3 24 | 26.4% | 7.6% | ||
| Q2 24 | — | 28.1% | ||
| Q1 24 | 23.4% | 15.0% |
| Q4 25 | $0.51 | $0.54 | ||
| Q3 25 | $0.50 | $-0.13 | ||
| Q2 25 | $0.45 | $0.27 | ||
| Q1 25 | $0.41 | $0.67 | ||
| Q4 24 | $0.29 | $0.56 | ||
| Q3 24 | $0.40 | $0.40 | ||
| Q2 24 | — | $1.34 | ||
| Q1 24 | $0.33 | $0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $471.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $4.5B |
| Total Assets | $83.9B | $7.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $471.4M | ||
| Q3 25 | — | $477.9M | ||
| Q2 25 | — | $338.2M | ||
| Q1 25 | — | $303.8M | ||
| Q4 24 | — | $247.3M | ||
| Q3 24 | — | $391.9M | ||
| Q2 24 | — | $162.9M | ||
| Q1 24 | — | $212.5M |
| Q4 25 | $8.8B | $4.5B | ||
| Q3 25 | $8.9B | $4.5B | ||
| Q2 25 | $9.0B | $4.6B | ||
| Q1 25 | $8.7B | $4.7B | ||
| Q4 24 | $8.8B | $4.7B | ||
| Q3 24 | $9.0B | $4.7B | ||
| Q2 24 | — | $4.0B | ||
| Q1 24 | $8.9B | $3.9B |
| Q4 25 | $83.9B | $7.5B | ||
| Q3 25 | $83.2B | $7.6B | ||
| Q2 25 | $82.1B | $7.7B | ||
| Q1 25 | $81.5B | $7.9B | ||
| Q4 24 | $82.2B | $8.0B | ||
| Q3 24 | $82.6B | $8.0B | ||
| Q2 24 | — | $5.6B | ||
| Q1 24 | $81.8B | $5.4B |
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 | $187.1M |
| Free Cash FlowOCF − Capex | $389.0M | $35.4M |
| FCF MarginFCF / Revenue | 43.8% | 4.6% |
| Capex IntensityCapex / Revenue | 0.8% | 19.9% |
| Cash ConversionOCF / Net Profit | 1.52× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $432.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $187.1M | ||
| Q3 25 | $-200.0M | $277.1M | ||
| Q2 25 | $83.0M | $216.4M | ||
| Q1 25 | $349.0M | $271.1M | ||
| Q4 24 | $191.0M | $136.2M | ||
| Q3 24 | $389.0M | $283.8M | ||
| Q2 24 | — | $106.8M | ||
| Q1 24 | $838.0M | $128.7M |
| Q4 25 | $389.0M | $35.4M | ||
| Q3 25 | $-208.0M | $139.5M | ||
| Q2 25 | $74.0M | $99.8M | ||
| Q1 25 | $340.0M | $157.5M | ||
| Q4 24 | $174.0M | $-4.4M | ||
| Q3 24 | $383.0M | $156.8M | ||
| Q2 24 | — | $-34.3M | ||
| Q1 24 | $828.0M | $-37.9M |
| Q4 25 | 43.8% | 4.6% | ||
| Q3 25 | -23.4% | 17.5% | ||
| Q2 25 | 8.9% | 11.8% | ||
| Q1 25 | 41.9% | 18.0% | ||
| Q4 24 | 23.9% | -0.5% | ||
| Q3 24 | 46.3% | 19.6% | ||
| Q2 24 | — | -4.9% | ||
| Q1 24 | 101.1% | -6.0% |
| Q4 25 | 0.8% | 19.9% | ||
| Q3 25 | 0.9% | 17.3% | ||
| Q2 25 | 1.1% | 13.7% | ||
| Q1 25 | 1.1% | 13.0% | ||
| Q4 24 | 2.3% | 15.2% | ||
| Q3 24 | 0.7% | 15.9% | ||
| Q2 24 | — | 20.4% | ||
| Q1 24 | 1.2% | 26.2% |
| Q4 25 | 1.52× | 2.16× | ||
| Q3 25 | -0.76× | — | ||
| Q2 25 | 0.34× | 5.05× | ||
| Q1 25 | 1.60× | 2.50× | ||
| Q4 24 | 1.15× | 1.41× | ||
| Q3 24 | 1.78× | 4.64× | ||
| Q2 24 | — | 0.55× | ||
| Q1 24 | 4.36× | 1.35× |
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% |
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
