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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and SCANSOURCE, INC. (SCSC). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $766.5M, roughly 1.2× SCANSOURCE, INC.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 2.2%, a 27.2% 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 $28.9M). Over the past eight quarters, FIRST HORIZON CORP's revenue compounded faster (20.0% CAGR vs 0.9%).
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.
ScanSource, Inc. is a leading global specialty technology distributor offering a broad portfolio of solutions including point-of-sale systems, barcode scanning tools, cybersecurity products, cloud services and communication solutions. It primarily serves value-added resellers, managed service providers and enterprise clients across North America, Latin America and Europe, covering retail, healthcare, industrial and public sector core segments.
FHN vs SCSC — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $766.5M |
| Net Profit | $261.0M | $16.5M |
| Gross Margin | — | 13.4% |
| Operating Margin | 38.5% | 2.3% |
| Net Margin | 29.4% | 2.2% |
| Revenue YoY | 21.8% | 2.5% |
| Net Profit YoY | 57.2% | -3.3% |
| EPS (diluted) | $0.51 | $0.75 |
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 | $766.5M | ||
| Q3 25 | $889.0M | $739.6M | ||
| Q2 25 | $830.0M | $812.9M | ||
| Q1 25 | $812.0M | $704.8M | ||
| Q4 24 | $729.0M | $747.5M | ||
| Q3 24 | $827.0M | $775.6M | ||
| Q2 24 | — | $746.1M | ||
| Q1 24 | $819.0M | $752.6M |
| Q4 25 | $261.0M | $16.5M | ||
| Q3 25 | $262.0M | $19.9M | ||
| Q2 25 | $241.0M | $20.1M | ||
| Q1 25 | $218.0M | $17.4M | ||
| Q4 24 | $166.0M | $17.1M | ||
| Q3 24 | $218.0M | $17.0M | ||
| Q2 24 | — | $16.1M | ||
| Q1 24 | $192.0M | $12.8M |
| Q4 25 | — | 13.4% | ||
| Q3 25 | — | 14.5% | ||
| Q2 25 | — | 12.9% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | 13.6% | ||
| Q3 24 | — | 13.1% | ||
| Q2 24 | — | 13.0% | ||
| Q1 24 | — | 12.6% |
| Q4 25 | 38.5% | 2.3% | ||
| Q3 25 | 38.7% | 3.5% | ||
| Q2 25 | 37.2% | 3.3% | ||
| Q1 25 | 35.1% | 3.2% | ||
| Q4 24 | 28.8% | 2.5% | ||
| Q3 24 | 34.0% | 2.3% | ||
| Q2 24 | — | 2.9% | ||
| Q1 24 | 31.0% | 2.3% |
| Q4 25 | 29.4% | 2.2% | ||
| Q3 25 | 29.5% | 2.7% | ||
| Q2 25 | 29.0% | 2.5% | ||
| Q1 25 | 26.8% | 2.5% | ||
| Q4 24 | 22.8% | 2.3% | ||
| Q3 24 | 26.4% | 2.2% | ||
| Q2 24 | — | 2.2% | ||
| Q1 24 | 23.4% | 1.7% |
| Q4 25 | $0.51 | $0.75 | ||
| Q3 25 | $0.50 | $0.89 | ||
| Q2 25 | $0.45 | $0.87 | ||
| Q1 25 | $0.41 | $0.74 | ||
| Q4 24 | $0.29 | $0.70 | ||
| Q3 24 | $0.40 | $0.69 | ||
| Q2 24 | — | $0.66 | ||
| Q1 24 | $0.33 | $0.50 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $83.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $910.9M |
| Total Assets | $83.9B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $83.5M | ||
| Q3 25 | — | $124.9M | ||
| Q2 25 | — | $126.2M | ||
| Q1 25 | — | $146.3M | ||
| Q4 24 | — | $110.5M | ||
| Q3 24 | — | $145.0M | ||
| Q2 24 | — | $185.5M | ||
| Q1 24 | — | $159.1M |
| Q4 25 | $8.8B | $910.9M | ||
| Q3 25 | $8.9B | $914.0M | ||
| Q2 25 | $9.0B | $906.4M | ||
| Q1 25 | $8.7B | $901.7M | ||
| Q4 24 | $8.8B | $900.7M | ||
| Q3 24 | $9.0B | $920.9M | ||
| Q2 24 | — | $924.3M | ||
| Q1 24 | $8.9B | $944.1M |
| Q4 25 | $83.9B | $1.7B | ||
| Q3 25 | $83.2B | $1.7B | ||
| Q2 25 | $82.1B | $1.8B | ||
| Q1 25 | $81.5B | $1.7B | ||
| Q4 24 | $82.2B | $1.7B | ||
| Q3 24 | $82.6B | $1.8B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | $81.8B | $1.8B |
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 | $30.8M |
| Free Cash FlowOCF − Capex | $389.0M | $28.9M |
| FCF MarginFCF / Revenue | 43.8% | 3.8% |
| Capex IntensityCapex / Revenue | 0.8% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.52× | 1.87× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $30.8M | ||
| Q3 25 | $-200.0M | $23.2M | ||
| Q2 25 | $83.0M | — | ||
| Q1 25 | $349.0M | $66.1M | ||
| Q4 24 | $191.0M | $-6.2M | ||
| Q3 24 | $389.0M | $44.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | $838.0M | $160.2M |
| Q4 25 | $389.0M | $28.9M | ||
| Q3 25 | $-208.0M | $20.8M | ||
| Q2 25 | $74.0M | — | ||
| Q1 25 | $340.0M | $64.6M | ||
| Q4 24 | $174.0M | $-8.2M | ||
| Q3 24 | $383.0M | $42.5M | ||
| Q2 24 | — | — | ||
| Q1 24 | $828.0M | $157.7M |
| Q4 25 | 43.8% | 3.8% | ||
| Q3 25 | -23.4% | 2.8% | ||
| Q2 25 | 8.9% | — | ||
| Q1 25 | 41.9% | 9.2% | ||
| Q4 24 | 23.9% | -1.1% | ||
| Q3 24 | 46.3% | 5.5% | ||
| Q2 24 | — | — | ||
| Q1 24 | 101.1% | 21.0% |
| Q4 25 | 0.8% | 0.3% | ||
| Q3 25 | 0.9% | 0.3% | ||
| Q2 25 | 1.1% | 0.3% | ||
| Q1 25 | 1.1% | 0.2% | ||
| Q4 24 | 2.3% | 0.3% | ||
| Q3 24 | 0.7% | 0.3% | ||
| Q2 24 | — | 0.2% | ||
| Q1 24 | 1.2% | 0.3% |
| Q4 25 | 1.52× | 1.87× | ||
| Q3 25 | -0.76× | 1.17× | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | 3.79× | ||
| Q4 24 | 1.15× | -0.36× | ||
| Q3 24 | 1.78× | 2.64× | ||
| Q2 24 | — | — | ||
| Q1 24 | 4.36× | 12.51× |
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% |
SCSC
| Products And Services | $723.4M | 94% |
| Intelisys Advisory | $25.0M | 3% |
| Recurring Revenue | $18.2M | 2% |
