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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Construction Partners, Inc. (ROAD). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $809.5M, roughly 1.1× Construction Partners, Inc.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 2.1%, a 27.3% gap on every dollar of revenue. On growth, Construction Partners, Inc. posted the faster year-over-year revenue change (44.1% vs 21.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $47.1M). Over the past eight quarters, Construction Partners, Inc.'s revenue compounded faster (47.6% CAGR vs 20.0%).
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.
Alexander Construction Company was a Palm Springs, California, residential development company that built over 2,200 houses in the Coachella Valley of Riverside County, California, between 1955 and 1965.
FHN vs ROAD — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $809.5M |
| Net Profit | $261.0M | $17.2M |
| Gross Margin | — | 15.0% |
| Operating Margin | 38.5% | 6.2% |
| Net Margin | 29.4% | 2.1% |
| Revenue YoY | 21.8% | 44.1% |
| Net Profit YoY | 57.2% | 663.9% |
| EPS (diluted) | $0.51 | $0.31 |
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 | $809.5M | ||
| Q3 25 | $889.0M | $899.8M | ||
| Q2 25 | $830.0M | $779.3M | ||
| Q1 25 | $812.0M | $571.6M | ||
| Q4 24 | $729.0M | $561.6M | ||
| Q3 24 | $827.0M | $538.2M | ||
| Q2 24 | — | $517.8M | ||
| Q1 24 | $819.0M | $371.4M |
| Q4 25 | $261.0M | $17.2M | ||
| Q3 25 | $262.0M | $56.6M | ||
| Q2 25 | $241.0M | $44.0M | ||
| Q1 25 | $218.0M | $4.2M | ||
| Q4 24 | $166.0M | $-3.1M | ||
| Q3 24 | $218.0M | $29.3M | ||
| Q2 24 | — | $30.9M | ||
| Q1 24 | $192.0M | $-1.1M |
| Q4 25 | — | 15.0% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 16.9% | ||
| Q1 25 | — | 12.5% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 15.6% | ||
| Q2 24 | — | 16.1% | ||
| Q1 24 | — | 10.4% |
| Q4 25 | 38.5% | 6.2% | ||
| Q3 25 | 38.7% | 11.2% | ||
| Q2 25 | 37.2% | 10.6% | ||
| Q1 25 | 35.1% | 4.8% | ||
| Q4 24 | 28.8% | 2.5% | ||
| Q3 24 | 34.0% | 8.5% | ||
| Q2 24 | — | 8.8% | ||
| Q1 24 | 31.0% | 0.8% |
| Q4 25 | 29.4% | 2.1% | ||
| Q3 25 | 29.5% | 6.3% | ||
| Q2 25 | 29.0% | 5.7% | ||
| Q1 25 | 26.8% | 0.7% | ||
| Q4 24 | 22.8% | -0.5% | ||
| Q3 24 | 26.4% | 5.4% | ||
| Q2 24 | — | 6.0% | ||
| Q1 24 | 23.4% | -0.3% |
| Q4 25 | $0.51 | $0.31 | ||
| Q3 25 | $0.50 | $1.03 | ||
| Q2 25 | $0.45 | $0.79 | ||
| Q1 25 | $0.41 | $0.08 | ||
| Q4 24 | $0.29 | $-0.06 | ||
| Q3 24 | $0.40 | $0.55 | ||
| Q2 24 | — | $0.59 | ||
| Q1 24 | $0.33 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $104.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $969.1M |
| Total Assets | $83.9B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $104.1M | ||
| Q3 25 | — | $156.1M | ||
| Q2 25 | — | $114.3M | ||
| Q1 25 | — | $101.9M | ||
| Q4 24 | — | $132.5M | ||
| Q3 24 | — | $74.7M | ||
| Q2 24 | — | $56.3M | ||
| Q1 24 | — | $48.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $515.0M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $8.8B | $969.1M | ||
| Q3 25 | $8.9B | $912.0M | ||
| Q2 25 | $9.0B | $853.3M | ||
| Q1 25 | $8.7B | $807.9M | ||
| Q4 24 | $8.8B | $811.1M | ||
| Q3 24 | $9.0B | $573.7M | ||
| Q2 24 | — | $552.9M | ||
| Q1 24 | $8.9B | $525.0M |
| Q4 25 | $83.9B | $3.4B | ||
| Q3 25 | $83.2B | $3.2B | ||
| Q2 25 | $82.1B | $2.9B | ||
| Q1 25 | $81.5B | $2.8B | ||
| Q4 24 | $82.2B | $2.6B | ||
| Q3 24 | $82.6B | $1.5B | ||
| Q2 24 | — | $1.4B | ||
| Q1 24 | $81.8B | $1.3B |
| Q4 25 | — | — | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | — | ||
| Q1 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 | $82.6M |
| Free Cash FlowOCF − Capex | $389.0M | $47.1M |
| FCF MarginFCF / Revenue | 43.8% | 5.8% |
| Capex IntensityCapex / Revenue | 0.8% | 4.4% |
| Cash ConversionOCF / Net Profit | 1.52× | 4.80× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $186.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $82.6M | ||
| Q3 25 | $-200.0M | $112.0M | ||
| Q2 25 | $83.0M | $83.0M | ||
| Q1 25 | $349.0M | $55.6M | ||
| Q4 24 | $191.0M | $40.7M | ||
| Q3 24 | $389.0M | $95.9M | ||
| Q2 24 | — | $34.6M | ||
| Q1 24 | $838.0M | $18.2M |
| Q4 25 | $389.0M | $47.1M | ||
| Q3 25 | $-208.0M | $78.9M | ||
| Q2 25 | $74.0M | $46.4M | ||
| Q1 25 | $340.0M | $14.2M | ||
| Q4 24 | $174.0M | $13.8M | ||
| Q3 24 | $383.0M | $78.4M | ||
| Q2 24 | — | $19.7M | ||
| Q1 24 | $828.0M | $-10.6M |
| Q4 25 | 43.8% | 5.8% | ||
| Q3 25 | -23.4% | 8.8% | ||
| Q2 25 | 8.9% | 5.9% | ||
| Q1 25 | 41.9% | 2.5% | ||
| Q4 24 | 23.9% | 2.5% | ||
| Q3 24 | 46.3% | 14.6% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | 101.1% | -2.8% |
| Q4 25 | 0.8% | 4.4% | ||
| Q3 25 | 0.9% | 3.7% | ||
| Q2 25 | 1.1% | 4.7% | ||
| Q1 25 | 1.1% | 7.2% | ||
| Q4 24 | 2.3% | 4.8% | ||
| Q3 24 | 0.7% | 3.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | 1.2% | 7.7% |
| Q4 25 | 1.52× | 4.80× | ||
| Q3 25 | -0.76× | 1.98× | ||
| Q2 25 | 0.34× | 1.88× | ||
| Q1 25 | 1.60× | 13.20× | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | 3.27× | ||
| Q2 24 | — | 1.12× | ||
| Q1 24 | 4.36× | — |
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% |
ROAD
Segment breakdown not available.
