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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and RH (RH). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $883.8M, roughly 1.0× RH). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 4.1%, a 25.3% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 8.9%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $83.0M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 9.4%).
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.
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
FHN vs RH — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $883.8M |
| Net Profit | $261.0M | $36.3M |
| Gross Margin | — | 44.1% |
| Operating Margin | 38.5% | 12.0% |
| Net Margin | 29.4% | 4.1% |
| Revenue YoY | 21.8% | 8.9% |
| Net Profit YoY | 57.2% | 9.3% |
| EPS (diluted) | $0.51 | $1.83 |
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 | $883.8M | ||
| Q3 25 | $889.0M | $899.2M | ||
| Q2 25 | $830.0M | $814.0M | ||
| Q1 25 | $812.0M | $812.4M | ||
| Q4 24 | $729.0M | $811.7M | ||
| Q3 24 | $827.0M | $829.7M | ||
| Q2 24 | — | $727.0M | ||
| Q1 24 | $819.0M | $738.3M |
| Q4 25 | $261.0M | $36.3M | ||
| Q3 25 | $262.0M | $51.7M | ||
| Q2 25 | $241.0M | $8.0M | ||
| Q1 25 | $218.0M | $13.9M | ||
| Q4 24 | $166.0M | $33.2M | ||
| Q3 24 | $218.0M | $29.0M | ||
| Q2 24 | — | $-3.6M | ||
| Q1 24 | $192.0M | $11.4M |
| Q4 25 | — | 44.1% | ||
| Q3 25 | — | 45.5% | ||
| Q2 25 | — | 43.7% | ||
| Q1 25 | — | 44.7% | ||
| Q4 24 | — | 44.5% | ||
| Q3 24 | — | 45.2% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 43.5% |
| Q4 25 | 38.5% | 12.0% | ||
| Q3 25 | 38.7% | 14.3% | ||
| Q2 25 | 37.2% | 6.9% | ||
| Q1 25 | 35.1% | 8.7% | ||
| Q4 24 | 28.8% | 12.5% | ||
| Q3 24 | 34.0% | 11.6% | ||
| Q2 24 | — | 7.5% | ||
| Q1 24 | 31.0% | 8.7% |
| Q4 25 | 29.4% | 4.1% | ||
| Q3 25 | 29.5% | 5.8% | ||
| Q2 25 | 29.0% | 1.0% | ||
| Q1 25 | 26.8% | 1.7% | ||
| Q4 24 | 22.8% | 4.1% | ||
| Q3 24 | 26.4% | 3.5% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | 23.4% | 1.5% |
| Q4 25 | $0.51 | $1.83 | ||
| Q3 25 | $0.50 | $2.62 | ||
| Q2 25 | $0.45 | $0.40 | ||
| Q1 25 | $0.41 | $0.71 | ||
| Q4 24 | $0.29 | $1.66 | ||
| Q3 24 | $0.40 | $1.45 | ||
| Q2 24 | — | $-0.20 | ||
| Q1 24 | $0.33 | $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 | — | $43.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $3.3M |
| Total Assets | $83.9B | $4.8B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $43.1M | ||
| Q3 25 | — | $34.6M | ||
| Q2 25 | — | $46.1M | ||
| Q1 25 | — | $30.4M | ||
| Q4 24 | — | $87.0M | ||
| Q3 24 | — | $78.3M | ||
| Q2 24 | — | $101.8M | ||
| Q1 24 | — | $123.7M |
| Q4 25 | $8.8B | $3.3M | ||
| Q3 25 | $8.9B | $-40.9M | ||
| Q2 25 | $9.0B | $-110.8M | ||
| Q1 25 | $8.7B | $-163.6M | ||
| Q4 24 | $8.8B | $-183.0M | ||
| Q3 24 | $9.0B | $-234.7M | ||
| Q2 24 | — | $-289.9M | ||
| Q1 24 | $8.9B | $-297.4M |
| Q4 25 | $83.9B | $4.8B | ||
| Q3 25 | $83.2B | $4.7B | ||
| Q2 25 | $82.1B | $4.7B | ||
| Q1 25 | $81.5B | $4.6B | ||
| Q4 24 | $82.2B | $4.5B | ||
| Q3 24 | $82.6B | $4.4B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | $81.8B | $4.1B |
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 | $131.9M |
| Free Cash FlowOCF − Capex | $389.0M | $83.0M |
| FCF MarginFCF / Revenue | 43.8% | 9.4% |
| Capex IntensityCapex / Revenue | 0.8% | 5.5% |
| Cash ConversionOCF / Net Profit | 1.52× | 3.64× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $128.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $131.9M | ||
| Q3 25 | $-200.0M | $137.7M | ||
| Q2 25 | $83.0M | $86.6M | ||
| Q1 25 | $349.0M | $-18.8M | ||
| Q4 24 | $191.0M | $-31.4M | ||
| Q3 24 | $389.0M | $11.2M | ||
| Q2 24 | — | $56.1M | ||
| Q1 24 | $838.0M | $-114.0M |
| Q4 25 | $389.0M | $83.0M | ||
| Q3 25 | $-208.0M | $80.7M | ||
| Q2 25 | $74.0M | $34.1M | ||
| Q1 25 | $340.0M | $-69.7M | ||
| Q4 24 | $174.0M | $-96.0M | ||
| Q3 24 | $383.0M | $-37.9M | ||
| Q2 24 | — | $-10.1M | ||
| Q1 24 | $828.0M | $-251.5M |
| Q4 25 | 43.8% | 9.4% | ||
| Q3 25 | -23.4% | 9.0% | ||
| Q2 25 | 8.9% | 4.2% | ||
| Q1 25 | 41.9% | -8.6% | ||
| Q4 24 | 23.9% | -11.8% | ||
| Q3 24 | 46.3% | -4.6% | ||
| Q2 24 | — | -1.4% | ||
| Q1 24 | 101.1% | -34.1% |
| Q4 25 | 0.8% | 5.5% | ||
| Q3 25 | 0.9% | 6.3% | ||
| Q2 25 | 1.1% | 6.5% | ||
| Q1 25 | 1.1% | 6.3% | ||
| Q4 24 | 2.3% | 8.0% | ||
| Q3 24 | 0.7% | 5.9% | ||
| Q2 24 | — | 9.1% | ||
| Q1 24 | 1.2% | 18.6% |
| Q4 25 | 1.52× | 3.64× | ||
| Q3 25 | -0.76× | 2.66× | ||
| Q2 25 | 0.34× | 10.78× | ||
| Q1 25 | 1.60× | -1.35× | ||
| Q4 24 | 1.15× | -0.95× | ||
| Q3 24 | 1.78× | 0.39× | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.36× | -10.01× |
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% |
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
