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Side-by-side financial comparison of First Bancorp, Inc (FNLC) and TriSalus Life Sciences, Inc. (TLSI). Click either name above to swap in a different company.
First Bancorp, Inc is the larger business by last-quarter revenue ($25.8M vs $13.2M, roughly 2.0× TriSalus Life Sciences, Inc.). First Bancorp, Inc runs the higher net margin — 39.4% vs -73.9%, a 113.2% gap on every dollar of revenue. On growth, TriSalus Life Sciences, Inc. posted the faster year-over-year revenue change (59.8% vs 17.5%). First Bancorp, Inc produced more free cash flow last quarter ($34.6M vs $-2.5M). Over the past eight quarters, TriSalus Life Sciences, Inc.'s revenue compounded faster (43.0% CAGR vs 18.1%).
Patriot Bank, N.A. (PNBK) is the bank holding company for Stamford, Connecticut-based Patriot Bank NA, and is traded on NASDAQ as PNBK.
TriSalus Life Sciences, Inc. is a clinical-stage biotechnology company focused on advancing immuno-oncology and interventional oncology solutions. It develops proprietary targeted drug delivery technologies designed to improve treatment efficacy for patients with liver, pancreatic and other hard-to-treat solid tumors, primarily operating in North American markets via partnerships with clinical care and research institutions.
FNLC vs TLSI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $25.8M | $13.2M |
| Net Profit | $10.2M | $-9.8M |
| Gross Margin | — | 86.7% |
| Operating Margin | 48.1% | -24.8% |
| Net Margin | 39.4% | -73.9% |
| Revenue YoY | 17.5% | 59.8% |
| Net Profit YoY | 39.7% | 3.5% |
| EPS (diluted) | $0.91 | $-0.22 |
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 | $25.8M | $13.2M | ||
| Q3 25 | $24.5M | $11.6M | ||
| Q2 25 | $22.5M | $11.2M | ||
| Q1 25 | $21.8M | $9.2M | ||
| Q4 24 | $22.0M | $8.3M | ||
| Q3 24 | $20.5M | $7.3M | ||
| Q2 24 | $19.2M | $7.4M | ||
| Q1 24 | $18.5M | $6.5M |
| Q4 25 | $10.2M | $-9.8M | ||
| Q3 25 | $9.1M | $-10.8M | ||
| Q2 25 | $8.1M | $-8.3M | ||
| Q1 25 | $7.1M | $-10.4M | ||
| Q4 24 | $7.3M | $-10.1M | ||
| Q3 24 | $7.6M | $-2.4M | ||
| Q2 24 | $6.2M | $-4.3M | ||
| Q1 24 | $6.0M | $-13.2M |
| Q4 25 | — | 86.7% | ||
| Q3 25 | — | 83.5% | ||
| Q2 25 | — | 83.9% | ||
| Q1 25 | — | 83.7% | ||
| Q4 24 | — | 85.3% | ||
| Q3 24 | — | 86.3% | ||
| Q2 24 | — | 87.6% | ||
| Q1 24 | — | 85.0% |
| Q4 25 | 48.1% | -24.8% | ||
| Q3 25 | 45.2% | -77.9% | ||
| Q2 25 | 43.7% | -65.4% | ||
| Q1 25 | 39.3% | -79.9% | ||
| Q4 24 | 39.5% | -91.8% | ||
| Q3 24 | 44.6% | -118.9% | ||
| Q2 24 | 38.8% | -111.0% | ||
| Q1 24 | 39.3% | -180.8% |
| Q4 25 | 39.4% | -73.9% | ||
| Q3 25 | 37.0% | -93.5% | ||
| Q2 25 | 35.8% | -73.9% | ||
| Q1 25 | 32.5% | -113.2% | ||
| Q4 24 | 33.1% | -122.4% | ||
| Q3 24 | 36.9% | -32.6% | ||
| Q2 24 | 32.1% | -58.8% | ||
| Q1 24 | 32.5% | -204.5% |
| Q4 25 | $0.91 | $-0.22 | ||
| Q3 25 | $0.81 | $-0.96 | ||
| Q2 25 | $0.72 | $-0.27 | ||
| Q1 25 | $0.63 | $-0.39 | ||
| Q4 24 | $0.66 | $-0.38 | ||
| Q3 24 | $0.68 | $-0.12 | ||
| Q2 24 | $0.55 | $-0.21 | ||
| Q1 24 | $0.54 | $-0.60 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $20.4M |
| Total DebtLower is stronger | $95.5M | — |
| Stockholders' EquityBook value | $283.1M | $-33.9M |
| Total Assets | $3.2B | $35.3M |
| Debt / EquityLower = less leverage | 0.34× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $20.4M | ||
| Q3 25 | — | $22.7M | ||
| Q2 25 | — | $26.5M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | — | $8.5M | ||
| Q3 24 | — | $11.3M | ||
| Q2 24 | — | $16.5M | ||
| Q1 24 | — | $4.0M |
| Q4 25 | $95.5M | — | ||
| Q3 25 | $95.5M | — | ||
| Q2 25 | $95.0M | — | ||
| Q1 25 | $70.0M | — | ||
| Q4 24 | $95.0M | — | ||
| Q3 24 | $95.0M | — | ||
| Q2 24 | $70.0M | — | ||
| Q1 24 | $70.0M | — |
| Q4 25 | $283.1M | $-33.9M | ||
| Q3 25 | $274.6M | $-26.7M | ||
| Q2 25 | $265.5M | $-19.4M | ||
| Q1 25 | $259.7M | $-34.4M | ||
| Q4 24 | $252.5M | $-25.9M | ||
| Q3 24 | $256.8M | $-20.4M | ||
| Q2 24 | $244.7M | $-25.3M | ||
| Q1 24 | $242.6M | $-36.0M |
| Q4 25 | $3.2B | $35.3M | ||
| Q3 25 | $3.2B | $36.5M | ||
| Q2 25 | $3.2B | $41.3M | ||
| Q1 25 | $3.2B | $28.6M | ||
| Q4 24 | $3.2B | $24.0M | ||
| Q3 24 | $3.1B | $27.5M | ||
| Q2 24 | $3.1B | $32.4M | ||
| Q1 24 | $3.0B | $17.9M |
| Q4 25 | 0.34× | — | ||
| Q3 25 | 0.35× | — | ||
| Q2 25 | 0.36× | — | ||
| Q1 25 | 0.27× | — | ||
| Q4 24 | 0.38× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.29× | — | ||
| Q1 24 | 0.29× | — |
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 | $37.8M | $-2.5M |
| Free Cash FlowOCF − Capex | $34.6M | $-2.5M |
| FCF MarginFCF / Revenue | 133.9% | -19.1% |
| Capex IntensityCapex / Revenue | 12.5% | 0.3% |
| Cash ConversionOCF / Net Profit | 3.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | $55.3M | $-19.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $37.8M | $-2.5M | ||
| Q3 25 | $12.9M | $-3.7M | ||
| Q2 25 | $7.4M | $-7.3M | ||
| Q1 25 | $2.2M | $-4.5M | ||
| Q4 24 | $26.0M | $-5.7M | ||
| Q3 24 | $9.8M | $-10.8M | ||
| Q2 24 | $6.4M | $-13.4M | ||
| Q1 24 | $-1.5M | $-10.9M |
| Q4 25 | $34.6M | $-2.5M | ||
| Q3 25 | $12.6M | $-3.9M | ||
| Q2 25 | $7.2M | $-7.4M | ||
| Q1 25 | $828.0K | $-5.3M | ||
| Q4 24 | $24.6M | $-5.8M | ||
| Q3 24 | $9.6M | $-11.0M | ||
| Q2 24 | $6.3M | $-13.5M | ||
| Q1 24 | $-1.8M | $-10.9M |
| Q4 25 | 133.9% | -19.1% | ||
| Q3 25 | 51.4% | -33.9% | ||
| Q2 25 | 32.1% | -66.1% | ||
| Q1 25 | 3.8% | -57.3% | ||
| Q4 24 | 111.7% | -69.7% | ||
| Q3 24 | 47.0% | -149.9% | ||
| Q2 24 | 32.9% | -183.1% | ||
| Q1 24 | -9.8% | -169.3% |
| Q4 25 | 12.5% | 0.3% | ||
| Q3 25 | 1.2% | 1.9% | ||
| Q2 25 | 0.6% | 0.8% | ||
| Q1 25 | 6.2% | 8.2% | ||
| Q4 24 | 6.7% | 0.6% | ||
| Q3 24 | 0.5% | 2.3% | ||
| Q2 24 | 0.3% | 0.8% | ||
| Q1 24 | 1.8% | 1.0% |
| Q4 25 | 3.72× | — | ||
| Q3 25 | 1.42× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 0.31× | — | ||
| Q4 24 | 3.58× | — | ||
| Q3 24 | 1.29× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | -0.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
