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Side-by-side financial comparison of FIRST HORIZON CORP (FHN) and Trade Desk (The) (TTD). Click either name above to swap in a different company.
FIRST HORIZON CORP is the larger business by last-quarter revenue ($888.0M vs $846.8M, roughly 1.0× Trade Desk (The)). FIRST HORIZON CORP runs the higher net margin — 29.4% vs 22.1%, a 7.3% gap on every dollar of revenue. On growth, FIRST HORIZON CORP posted the faster year-over-year revenue change (21.8% vs 14.3%). FIRST HORIZON CORP produced more free cash flow last quarter ($389.0M vs $285.3M). Over the past eight quarters, Trade Desk (The)'s revenue compounded faster (31.3% 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.
The Trade Desk, Inc. is an American multinational technology company that specializes in real-time programmatic marketing automation technologies, products, and services, designed to personalize digital content delivery to users.
FHN vs TTD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $888.0M | $846.8M |
| Net Profit | $261.0M | $186.9M |
| Gross Margin | — | 80.7% |
| Operating Margin | 38.5% | 30.3% |
| Net Margin | 29.4% | 22.1% |
| Revenue YoY | 21.8% | 14.3% |
| Net Profit YoY | 57.2% | 2.6% |
| EPS (diluted) | $0.51 | $0.39 |
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 | $846.8M | ||
| Q3 25 | $889.0M | $739.4M | ||
| Q2 25 | $830.0M | $694.0M | ||
| Q1 25 | $812.0M | $616.0M | ||
| Q4 24 | $729.0M | $741.0M | ||
| Q3 24 | $827.0M | $628.0M | ||
| Q2 24 | — | $584.5M | ||
| Q1 24 | $819.0M | $491.3M |
| Q4 25 | $261.0M | $186.9M | ||
| Q3 25 | $262.0M | $115.5M | ||
| Q2 25 | $241.0M | $90.1M | ||
| Q1 25 | $218.0M | $50.7M | ||
| Q4 24 | $166.0M | $182.2M | ||
| Q3 24 | $218.0M | $94.2M | ||
| Q2 24 | — | $85.0M | ||
| Q1 24 | $192.0M | $31.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 78.1% | ||
| Q2 25 | — | 78.2% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 81.7% | ||
| Q3 24 | — | 80.5% | ||
| Q2 24 | — | 81.1% | ||
| Q1 24 | — | 78.9% |
| Q4 25 | 38.5% | 30.3% | ||
| Q3 25 | 38.7% | 21.8% | ||
| Q2 25 | 37.2% | 16.8% | ||
| Q1 25 | 35.1% | 8.8% | ||
| Q4 24 | 28.8% | 26.4% | ||
| Q3 24 | 34.0% | 17.3% | ||
| Q2 24 | — | 16.2% | ||
| Q1 24 | 31.0% | 5.8% |
| Q4 25 | 29.4% | 22.1% | ||
| Q3 25 | 29.5% | 15.6% | ||
| Q2 25 | 29.0% | 13.0% | ||
| Q1 25 | 26.8% | 8.2% | ||
| Q4 24 | 22.8% | 24.6% | ||
| Q3 24 | 26.4% | 15.0% | ||
| Q2 24 | — | 14.5% | ||
| Q1 24 | 23.4% | 6.4% |
| Q4 25 | $0.51 | $0.39 | ||
| Q3 25 | $0.50 | $0.23 | ||
| Q2 25 | $0.45 | $0.18 | ||
| Q1 25 | $0.41 | $0.10 | ||
| Q4 24 | $0.29 | $0.36 | ||
| Q3 24 | $0.40 | $0.19 | ||
| Q2 24 | — | $0.17 | ||
| Q1 24 | $0.33 | $0.06 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $8.8B | $2.5B |
| Total Assets | $83.9B | $6.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.7B | ||
| Q1 25 | — | $1.7B | ||
| Q4 24 | — | $1.9B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.5B | ||
| Q1 24 | — | $1.4B |
| Q4 25 | $8.8B | $2.5B | ||
| Q3 25 | $8.9B | $2.6B | ||
| Q2 25 | $9.0B | $2.7B | ||
| Q1 25 | $8.7B | $2.7B | ||
| Q4 24 | $8.8B | $2.9B | ||
| Q3 24 | $9.0B | $2.6B | ||
| Q2 24 | — | $2.4B | ||
| Q1 24 | $8.9B | $2.2B |
| Q4 25 | $83.9B | $6.2B | ||
| Q3 25 | $83.2B | $5.9B | ||
| Q2 25 | $82.1B | $6.0B | ||
| Q1 25 | $81.5B | $5.7B | ||
| Q4 24 | $82.2B | $6.1B | ||
| Q3 24 | $82.6B | $5.5B | ||
| Q2 24 | — | $5.2B | ||
| Q1 24 | $81.8B | $4.7B |
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 | $311.6M |
| Free Cash FlowOCF − Capex | $389.0M | $285.3M |
| FCF MarginFCF / Revenue | 43.8% | 33.7% |
| Capex IntensityCapex / Revenue | 0.8% | 3.1% |
| Cash ConversionOCF / Net Profit | 1.52× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $595.0M | $795.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $396.0M | $311.6M | ||
| Q3 25 | $-200.0M | $224.7M | ||
| Q2 25 | $83.0M | $165.0M | ||
| Q1 25 | $349.0M | $291.4M | ||
| Q4 24 | $191.0M | $199.4M | ||
| Q3 24 | $389.0M | $273.3M | ||
| Q2 24 | — | $81.3M | ||
| Q1 24 | $838.0M | $185.5M |
| Q4 25 | $389.0M | $285.3M | ||
| Q3 25 | $-208.0M | $158.3M | ||
| Q2 25 | $74.0M | $119.8M | ||
| Q1 25 | $340.0M | $232.3M | ||
| Q4 24 | $174.0M | $179.2M | ||
| Q3 24 | $383.0M | $224.6M | ||
| Q2 24 | — | $59.1M | ||
| Q1 24 | $828.0M | $178.2M |
| Q4 25 | 43.8% | 33.7% | ||
| Q3 25 | -23.4% | 21.4% | ||
| Q2 25 | 8.9% | 17.3% | ||
| Q1 25 | 41.9% | 37.7% | ||
| Q4 24 | 23.9% | 24.2% | ||
| Q3 24 | 46.3% | 35.8% | ||
| Q2 24 | — | 10.1% | ||
| Q1 24 | 101.1% | 36.3% |
| Q4 25 | 0.8% | 3.1% | ||
| Q3 25 | 0.9% | 9.0% | ||
| Q2 25 | 1.1% | 6.5% | ||
| Q1 25 | 1.1% | 9.6% | ||
| Q4 24 | 2.3% | 2.7% | ||
| Q3 24 | 0.7% | 7.8% | ||
| Q2 24 | — | 3.8% | ||
| Q1 24 | 1.2% | 1.5% |
| Q4 25 | 1.52× | 1.67× | ||
| Q3 25 | -0.76× | 1.94× | ||
| Q2 25 | 0.34× | 1.83× | ||
| Q1 25 | 1.60× | 5.75× | ||
| Q4 24 | 1.15× | 1.09× | ||
| Q3 24 | 1.78× | 2.90× | ||
| Q2 24 | — | 0.96× | ||
| Q1 24 | 4.36× | 5.86× |
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% |
TTD
| Other | $427.2M | 50% |
| Non Us | $419.6M | 50% |
