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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Snowflake Inc. (SNOW). Click either name above to swap in a different company.
Snowflake Inc. is the larger business by last-quarter revenue ($1.2B vs $888.0M, roughly 1.4× FIRST HORIZON CORP). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -24.2%, a 53.6% gap on every dollar of revenue. On growth, Snowflake Inc. posted the faster year-over-year revenue change (28.7% vs 21.8%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $113.6M). Over the past eight quarters, Snowflake Inc.'s revenue compounded faster (25.1% 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.
Snowflake Inc. is an American cloud-based data platform company founded in San Mateo, California, and headquartered in Bozeman, Montana. It operates a platform that supports data analysis and simultaneous access to data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
FHN vs SNOW — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $1.2B |
| Net Profit | $261.0M | $-294.0M |
| Gross Margin | — | 67.8% |
| Operating Margin | 38.5% | -27.2% |
| Net Margin | 29.4% | -24.2% |
| Revenue YoY | 21.8% | 28.7% |
| Net Profit YoY | 57.2% | 9.4% |
| EPS (diluted) | $0.51 | $-0.87 |
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 | $1.2B | ||
| Q3 25 | $889.0M | $1.1B | ||
| Q2 25 | $830.0M | $1.0B | ||
| Q1 25 | $812.0M | $986.8M | ||
| Q4 24 | $729.0M | $942.1M | ||
| Q3 24 | $827.0M | $868.8M | ||
| Q2 24 | — | $828.7M | ||
| Q1 24 | $819.0M | $774.7M |
| Q4 25 | $261.0M | $-294.0M | ||
| Q3 25 | $262.0M | $-298.0M | ||
| Q2 25 | $241.0M | $-430.1M | ||
| Q1 25 | $218.0M | $-327.5M | ||
| Q4 24 | $166.0M | $-324.3M | ||
| Q3 24 | $218.0M | $-316.9M | ||
| Q2 24 | — | $-317.0M | ||
| Q1 24 | $192.0M | $-169.4M |
| Q4 25 | — | 67.8% | ||
| Q3 25 | — | 67.5% | ||
| Q2 25 | — | 66.5% | ||
| Q1 25 | — | 66.2% | ||
| Q4 24 | — | 65.9% | ||
| Q3 24 | — | 66.8% | ||
| Q2 24 | — | 67.1% | ||
| Q1 24 | — | 68.8% |
| Q4 25 | 38.5% | -27.2% | ||
| Q3 25 | 38.7% | -29.7% | ||
| Q2 25 | 37.2% | -42.9% | ||
| Q1 25 | 35.1% | -39.2% | ||
| Q4 24 | 28.8% | -38.8% | ||
| Q3 24 | 34.0% | -40.9% | ||
| Q2 24 | — | -42.1% | ||
| Q1 24 | 31.0% | -35.6% |
| Q4 25 | 29.4% | -24.2% | ||
| Q3 25 | 29.5% | -26.0% | ||
| Q2 25 | 29.0% | -41.3% | ||
| Q1 25 | 26.8% | -33.2% | ||
| Q4 24 | 22.8% | -34.4% | ||
| Q3 24 | 26.4% | -36.5% | ||
| Q2 24 | — | -38.3% | ||
| Q1 24 | 23.4% | -21.9% |
| Q4 25 | $0.51 | $-0.87 | ||
| Q3 25 | $0.50 | $-0.89 | ||
| Q2 25 | $0.45 | $-1.29 | ||
| Q1 25 | $0.41 | $-0.98 | ||
| Q4 24 | $0.29 | $-0.98 | ||
| Q3 24 | $0.40 | $-0.95 | ||
| Q2 24 | — | $-0.95 | ||
| Q1 24 | $0.33 | $-0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.9B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $2.1B |
| Total Assets | $83.9B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.9B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.2B | ||
| Q1 25 | — | $2.6B | ||
| Q4 24 | — | $2.1B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $1.8B |
| Q4 25 | $8.8B | $2.1B | ||
| Q3 25 | $8.9B | $2.4B | ||
| Q2 25 | $9.0B | $2.4B | ||
| Q1 25 | $8.7B | $3.0B | ||
| Q4 24 | $8.8B | $2.9B | ||
| Q3 24 | $9.0B | $4.1B | ||
| Q2 24 | — | $4.6B | ||
| Q1 24 | $8.9B | $5.2B |
| Q4 25 | $83.9B | $8.2B | ||
| Q3 25 | $83.2B | $8.2B | ||
| Q2 25 | $82.1B | $8.2B | ||
| Q1 25 | $81.5B | $9.0B | ||
| Q4 24 | $82.2B | $8.2B | ||
| Q3 24 | $82.6B | $6.9B | ||
| Q2 24 | — | $7.3B | ||
| Q1 24 | $81.8B | $8.2B |
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 | $137.5M |
| Free Cash FlowOCF − Capex | $389.0M | $113.6M |
| FCF MarginFCF / Revenue | 43.8% | 9.4% |
| Capex IntensityCapex / Revenue | 0.8% | 2.0% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $776.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $137.5M | ||
| Q3 25 | $-200.0M | $74.9M | ||
| Q2 25 | $83.0M | $228.4M | ||
| Q1 25 | $349.0M | $432.7M | ||
| Q4 24 | $191.0M | $101.7M | ||
| Q3 24 | $389.0M | $69.9M | ||
| Q2 24 | — | $355.5M | ||
| Q1 24 | $838.0M | $344.6M |
| Q4 25 | $389.0M | $113.6M | ||
| Q3 25 | $-208.0M | $58.2M | ||
| Q2 25 | $74.0M | $183.4M | ||
| Q1 25 | $340.0M | $421.4M | ||
| Q4 24 | $174.0M | $88.3M | ||
| Q3 24 | $383.0M | $64.8M | ||
| Q2 24 | — | $338.9M | ||
| Q1 24 | $828.0M | $331.5M |
| Q4 25 | 43.8% | 9.4% | ||
| Q3 25 | -23.4% | 5.1% | ||
| Q2 25 | 8.9% | 17.6% | ||
| Q1 25 | 41.9% | 42.7% | ||
| Q4 24 | 23.9% | 9.4% | ||
| Q3 24 | 46.3% | 7.5% | ||
| Q2 24 | — | 40.9% | ||
| Q1 24 | 101.1% | 42.8% |
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 0.9% | 1.5% | ||
| Q2 25 | 1.1% | 4.3% | ||
| Q1 25 | 1.1% | 1.1% | ||
| Q4 24 | 2.3% | 1.4% | ||
| Q3 24 | 0.7% | 0.6% | ||
| Q2 24 | — | 2.0% | ||
| Q1 24 | 1.2% | 1.7% |
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | — | — | ||
| 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% |
SNOW
| Products | $1.2B | 96% |
| Professional Services And Other | $54.5M | 4% |
| Related Party | $6.7M | 1% |
