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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and PERRIGO Co plc (PRGO). Click either name above to swap in a different company.
PERRIGO Co plc is the larger business by last-quarter revenue ($1.1B vs $888.0M, roughly 1.2× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -127.8%, a 157.2% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs -2.5%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $148.6M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 1.3%).
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.
Perrigo Company plc is an American Irish-registered manufacturer of private label over-the-counter pharmaceuticals, and while 70% of Perrigo's net sales are from the U.S. healthcare system, Perrigo is legally headquartered in Ireland for tax purposes, which accounts for 0.60% of net sales. In 2013, Perrigo completed the sixth-largest US corporate tax inversion in history when it reregistered its tax status to Ireland to avoid U.S. corporate taxes. Perrigo maintains its corporate headquarters ...
FHN vs PRGO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.1B |
| Net Profit | $261.0M | $-1.4B |
| Gross Margin | — | 32.6% |
| Operating Margin | 38.5% | -116.0% |
| Net Margin | 29.4% | -127.8% |
| Revenue YoY | 21.8% | -2.5% |
| Net Profit YoY | 57.2% | -3093.9% |
| EPS (diluted) | $0.51 | $-10.23 |
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 | $1.1B | ||
| Q3 25 | $889.0M | $1.0B | ||
| Q2 25 | $830.0M | $1.1B | ||
| Q1 25 | $812.0M | $1.0B | ||
| Q4 24 | $729.0M | $1.1B | ||
| Q3 24 | $827.0M | $1.1B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | $819.0M | $1.1B |
| Q4 25 | $261.0M | $-1.4B | ||
| Q3 25 | $262.0M | $7.5M | ||
| Q2 25 | $241.0M | $-8.4M | ||
| Q1 25 | $218.0M | $-6.4M | ||
| Q4 24 | $166.0M | $-44.4M | ||
| Q3 24 | $218.0M | $-21.0M | ||
| Q2 24 | — | $-108.4M | ||
| Q1 24 | $192.0M | $2.0M |
| Q4 25 | — | 32.6% | ||
| Q3 25 | — | 36.1% | ||
| Q2 25 | — | 34.4% | ||
| Q1 25 | — | 37.6% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 37.2% | ||
| Q2 24 | — | 37.0% | ||
| Q1 24 | — | 33.1% |
| Q4 25 | 38.5% | -116.0% | ||
| Q3 25 | 38.7% | 7.0% | ||
| Q2 25 | 37.2% | 4.3% | ||
| Q1 25 | 35.1% | 4.5% | ||
| Q4 24 | 28.8% | 10.0% | ||
| Q3 24 | 34.0% | 7.4% | ||
| Q2 24 | — | -2.5% | ||
| Q1 24 | 31.0% | -5.1% |
| Q4 25 | 29.4% | -127.8% | ||
| Q3 25 | 29.5% | 0.7% | ||
| Q2 25 | 29.0% | -0.8% | ||
| Q1 25 | 26.8% | -0.6% | ||
| Q4 24 | 22.8% | -3.9% | ||
| Q3 24 | 26.4% | -1.9% | ||
| Q2 24 | — | -10.2% | ||
| Q1 24 | 23.4% | 0.2% |
| Q4 25 | $0.51 | $-10.23 | ||
| Q3 25 | $0.50 | $0.05 | ||
| Q2 25 | $0.45 | $-0.06 | ||
| Q1 25 | $0.41 | $-0.05 | ||
| Q4 24 | $0.29 | $-0.32 | ||
| Q3 24 | $0.40 | $-0.15 | ||
| Q2 24 | — | $-0.79 | ||
| Q1 24 | $0.33 | $0.01 |
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 | $2.9B |
| Total Assets | $83.9B | $8.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $432.1M | ||
| Q2 25 | — | $454.2M | ||
| Q1 25 | — | $409.9M | ||
| Q4 24 | — | $558.8M | ||
| Q3 24 | — | $1.5B | ||
| Q2 24 | — | $542.8M | ||
| Q1 24 | — | $658.5M |
| Q4 25 | $8.8B | $2.9B | ||
| Q3 25 | $8.9B | $4.4B | ||
| Q2 25 | $9.0B | $4.5B | ||
| Q1 25 | $8.7B | $4.4B | ||
| Q4 24 | $8.8B | $4.3B | ||
| Q3 24 | $9.0B | $4.6B | ||
| Q2 24 | — | $4.5B | ||
| Q1 24 | $8.9B | $4.7B |
| Q4 25 | $83.9B | $8.5B | ||
| Q3 25 | $83.2B | $10.1B | ||
| Q2 25 | $82.1B | $10.1B | ||
| Q1 25 | $81.5B | $9.8B | ||
| Q4 24 | $82.2B | $9.6B | ||
| Q3 24 | $82.6B | $11.2B | ||
| Q2 24 | — | $10.4B | ||
| Q1 24 | $81.8B | $10.6B |
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 | $175.4M |
| Free Cash FlowOCF − Capex | $389.0M | $148.6M |
| FCF MarginFCF / Revenue | 43.8% | 13.4% |
| Capex IntensityCapex / Revenue | 0.8% | 2.4% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $145.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $175.4M | ||
| Q3 25 | $-200.0M | $51.7M | ||
| Q2 25 | $83.0M | $75.9M | ||
| Q1 25 | $349.0M | $-64.5M | ||
| Q4 24 | $191.0M | $312.6M | ||
| Q3 24 | $389.0M | $42.2M | ||
| Q2 24 | — | $9.5M | ||
| Q1 24 | $838.0M | $-1.4M |
| Q4 25 | $389.0M | $148.6M | ||
| Q3 25 | $-208.0M | $29.8M | ||
| Q2 25 | $74.0M | $56.7M | ||
| Q1 25 | $340.0M | $-90.0M | ||
| Q4 24 | $174.0M | $274.9M | ||
| Q3 24 | $383.0M | $15.1M | ||
| Q2 24 | — | $-18.9M | ||
| Q1 24 | $828.0M | $-26.5M |
| Q4 25 | 43.8% | 13.4% | ||
| Q3 25 | -23.4% | 2.9% | ||
| Q2 25 | 8.9% | 5.4% | ||
| Q1 25 | 41.9% | -8.6% | ||
| Q4 24 | 23.9% | 24.2% | ||
| Q3 24 | 46.3% | 1.4% | ||
| Q2 24 | — | -1.8% | ||
| Q1 24 | 101.1% | -2.4% |
| Q4 25 | 0.8% | 2.4% | ||
| Q3 25 | 0.9% | 2.1% | ||
| Q2 25 | 1.1% | 1.8% | ||
| Q1 25 | 1.1% | 2.4% | ||
| Q4 24 | 2.3% | 3.3% | ||
| Q3 24 | 0.7% | 2.5% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | 1.2% | 2.3% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | 6.89× | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.36× | -0.70× |
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% |
PRGO
| Consumer Self Care Americas | $697.0M | 63% |
| Digestive Health | $123.9M | 11% |
| Nutrition | $108.3M | 10% |
| Healthy Lifestyle | $94.8M | 9% |
| Pain And Sleep Aids | $87.1M | 8% |
