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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and TIC Solutions, Inc. (TIC). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $508.3M, roughly 1.7× TIC Solutions, Inc.). FIRST HORIZON CORP runs the higher net margin — 29.4% vs -9.3%, a 38.7% gap on every dollar of revenue. FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $37.1M).
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.
FHN vs TIC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $508.3M |
| Net Profit | $261.0M | $-47.2M |
| Gross Margin | — | 35.2% |
| Operating Margin | 38.5% | -3.8% |
| Net Margin | 29.4% | -9.3% |
| Revenue YoY | 21.8% | — |
| Net Profit YoY | 57.2% | — |
| EPS (diluted) | $0.51 | — |
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 | $508.3M | ||
| Q3 25 | $889.0M | $473.9M | ||
| Q2 25 | $830.0M | $313.9M | ||
| Q1 25 | $812.0M | $234.2M | ||
| Q4 24 | $729.0M | — | ||
| Q3 24 | $827.0M | — | ||
| Q1 24 | $819.0M | — | ||
| Q4 23 | $617.0M | — |
| Q4 25 | $261.0M | $-47.2M | ||
| Q3 25 | $262.0M | $-13.9M | ||
| Q2 25 | $241.0M | $-233.0K | ||
| Q1 25 | $218.0M | $-25.8M | ||
| Q4 24 | $166.0M | — | ||
| Q3 24 | $218.0M | — | ||
| Q1 24 | $192.0M | — | ||
| Q4 23 | $184.0M | — |
| Q4 25 | — | 35.2% | ||
| Q3 25 | — | 32.2% | ||
| Q2 25 | — | 23.6% | ||
| Q1 25 | — | 18.6% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | 38.5% | -3.8% | ||
| Q3 25 | 38.7% | -1.4% | ||
| Q2 25 | 37.2% | 5.8% | ||
| Q1 25 | 35.1% | -4.0% | ||
| Q4 24 | 28.8% | — | ||
| Q3 24 | 34.0% | — | ||
| Q1 24 | 31.0% | — | ||
| Q4 23 | 28.8% | — |
| Q4 25 | 29.4% | -9.3% | ||
| Q3 25 | 29.5% | -2.9% | ||
| Q2 25 | 29.0% | -0.1% | ||
| Q1 25 | 26.8% | -11.0% | ||
| Q4 24 | 22.8% | — | ||
| Q3 24 | 26.4% | — | ||
| Q1 24 | 23.4% | — | ||
| Q4 23 | 29.8% | — |
| Q4 25 | $0.51 | — | ||
| Q3 25 | $0.50 | $-0.08 | ||
| Q2 25 | $0.45 | — | ||
| Q1 25 | $0.41 | — | ||
| Q4 24 | $0.29 | — | ||
| Q3 24 | $0.40 | — | ||
| Q1 24 | $0.33 | — | ||
| Q4 23 | $0.32 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $439.5M |
| Total DebtLower is stronger | — | $1.6B |
| Stockholders' EquityBook value | $8.8B | $2.2B |
| Total Assets | $83.9B | $4.4B |
| Debt / EquityLower = less leverage | — | 0.74× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $439.5M | ||
| Q3 25 | — | $164.4M | ||
| Q2 25 | — | $130.1M | ||
| Q1 25 | — | $155.7M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | — | $1.6B | ||
| Q3 25 | — | $1.6B | ||
| Q2 25 | — | $751.3M | ||
| Q1 25 | — | $752.4M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
| Q4 25 | $8.8B | $2.2B | ||
| Q3 25 | $8.9B | $2.0B | ||
| Q2 25 | $9.0B | $1.2B | ||
| Q1 25 | $8.7B | $1.1B | ||
| Q4 24 | $8.8B | — | ||
| Q3 24 | $9.0B | — | ||
| Q1 24 | $8.9B | — | ||
| Q4 23 | $9.0B | — |
| Q4 25 | $83.9B | $4.4B | ||
| Q3 25 | $83.2B | $4.2B | ||
| Q2 25 | $82.1B | $2.2B | ||
| Q1 25 | $81.5B | $2.2B | ||
| Q4 24 | $82.2B | — | ||
| Q3 24 | $82.6B | — | ||
| Q1 24 | $81.8B | — | ||
| Q4 23 | $81.7B | — |
| Q4 25 | — | 0.74× | ||
| Q3 25 | — | 0.83× | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.67× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q1 24 | — | — | ||
| Q4 23 | — | — |
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 | $49.7M |
| Free Cash FlowOCF − Capex | $389.0M | $37.1M |
| FCF MarginFCF / Revenue | 43.8% | 7.3% |
| Capex IntensityCapex / Revenue | 0.8% | 2.5% |
| Cash ConversionOCF / Net Profit | 1.52× | — |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $61.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $49.7M | ||
| Q3 25 | $-200.0M | $19.0M | ||
| Q2 25 | $83.0M | $-6.5M | ||
| Q1 25 | $349.0M | $32.8M | ||
| Q4 24 | $191.0M | — | ||
| Q3 24 | $389.0M | — | ||
| Q1 24 | $838.0M | — | ||
| Q4 23 | $365.0M | — |
| Q4 25 | $389.0M | $37.1M | ||
| Q3 25 | $-208.0M | $10.3M | ||
| Q2 25 | $74.0M | $-14.5M | ||
| Q1 25 | $340.0M | $28.3M | ||
| Q4 24 | $174.0M | — | ||
| Q3 24 | $383.0M | — | ||
| Q1 24 | $828.0M | — | ||
| Q4 23 | — | — |
| Q4 25 | 43.8% | 7.3% | ||
| Q3 25 | -23.4% | 2.2% | ||
| Q2 25 | 8.9% | -4.6% | ||
| Q1 25 | 41.9% | 12.1% | ||
| Q4 24 | 23.9% | — | ||
| Q3 24 | 46.3% | — | ||
| Q1 24 | 101.1% | — | ||
| Q4 23 | — | — |
| Q4 25 | 0.8% | 2.5% | ||
| Q3 25 | 0.9% | 1.8% | ||
| Q2 25 | 1.1% | 2.6% | ||
| Q1 25 | 1.1% | 1.9% | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.7% | — | ||
| Q1 24 | 1.2% | — | ||
| Q4 23 | — | — |
| Q4 25 | 1.52× | — | ||
| Q3 25 | -0.76× | — | ||
| Q2 25 | 0.34× | — | ||
| Q1 25 | 1.60× | — | ||
| Q4 24 | 1.15× | — | ||
| Q3 24 | 1.78× | — | ||
| Q1 24 | 4.36× | — | ||
| Q4 23 | 1.98× | — |
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% |
TIC
| Consulting Engineering Segment | $300.1M | 59% |
| Geospatial Segment | $131.3M | 26% |
| Fixed Unit Price Contracts | $54.3M | 11% |
| Other | $22.6M | 4% |
