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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and MARTIN MIDSTREAM PARTNERS L.P. (MMLP). Click either name above to swap in a different company.

MARTIN MIDSTREAM PARTNERS L.P. is the larger business by last-quarter revenue ($187.7M vs $110.0M, roughly 1.7× FIRSTSUN CAPITAL BANCORP). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs 1.7%, a 17.9% gap on every dollar of revenue. Over the past eight quarters, FIRSTSUN CAPITAL BANCORP's revenue compounded faster (6.9% CAGR vs 0.8%).

FirstSun Capital Bancorp is a U.S.-headquartered financial holding company that offers a comprehensive range of banking and financial services, including commercial and consumer lending, deposit products, wealth management, and treasury solutions. It mainly serves individual customers, small and medium-sized enterprises, and corporate clients across U.S. regional markets.

Martin Midstream Partners L.P. is a U.S.-based midstream energy services provider. It offers storage, transportation, distribution and processing solutions for crude oil, natural gas liquids, refined petroleum products and specialty chemicals, mainly serving customers across North American energy and industrial segments.

FSUN vs MMLP — Head-to-Head

Bigger by revenue
MMLP
MMLP
1.7× larger
MMLP
$187.7M
$110.0M
FSUN
Higher net margin
FSUN
FSUN
17.9% more per $
FSUN
19.6%
1.7%
MMLP
Faster 2-yr revenue CAGR
FSUN
FSUN
Annualised
FSUN
6.9%
0.8%
MMLP

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FSUN
FSUN
MMLP
MMLP
Revenue
$110.0M
$187.7M
Net Profit
$21.6M
$3.2M
Gross Margin
Operating Margin
4.1%
Net Margin
19.6%
1.7%
Revenue YoY
-2.5%
Net Profit YoY
-8.4%
-37.1%
EPS (diluted)
$0.76

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.

Revenue
FSUN
FSUN
MMLP
MMLP
Q1 26
$110.0M
$187.7M
Q4 25
$110.2M
$174.2M
Q3 25
$107.3M
$168.7M
Q2 25
$105.6M
$180.7M
Q1 25
$96.2M
$192.5M
Q4 24
$98.7M
$171.3M
Q3 24
$98.2M
$170.9M
Q2 24
$96.2M
$184.5M
Net Profit
FSUN
FSUN
MMLP
MMLP
Q1 26
$21.6M
$3.2M
Q4 25
$24.8M
$-2.9M
Q3 25
$23.2M
$-8.4M
Q2 25
$26.4M
$-2.4M
Q1 25
$23.6M
$-1.0M
Q4 24
$16.4M
$-8.9M
Q3 24
$22.4M
$-3.3M
Q2 24
$24.6M
$3.8M
Gross Margin
FSUN
FSUN
MMLP
MMLP
Q1 26
Q4 25
57.1%
Q3 25
55.1%
Q2 25
56.5%
Q1 25
53.5%
Q4 24
58.2%
Q3 24
58.5%
Q2 24
58.4%
Operating Margin
FSUN
FSUN
MMLP
MMLP
Q1 26
4.1%
Q4 25
29.0%
7.3%
Q3 25
26.4%
4.1%
Q2 25
31.2%
8.2%
Q1 25
30.9%
7.5%
Q4 24
20.4%
4.0%
Q3 24
29.1%
7.4%
Q2 24
32.3%
10.8%
Net Margin
FSUN
FSUN
MMLP
MMLP
Q1 26
19.6%
1.7%
Q4 25
22.5%
-1.7%
Q3 25
21.6%
-5.0%
Q2 25
25.0%
-1.3%
Q1 25
24.5%
-0.5%
Q4 24
16.6%
-5.2%
Q3 24
22.8%
-1.9%
Q2 24
25.5%
2.0%
EPS (diluted)
FSUN
FSUN
MMLP
MMLP
Q1 26
$0.76
Q4 25
$0.89
Q3 25
$0.82
Q2 25
$0.93
Q1 25
$0.83
Q4 24
$0.57
Q3 24
$0.79
Q2 24
$0.88

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FSUN
FSUN
MMLP
MMLP
Cash + ST InvestmentsLiquidity on hand
$413.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
Total Assets
$8.6B
$537.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
MMLP
MMLP
Q1 26
$413.7M
Q4 25
$652.6M
Q3 25
$659.9M
Q2 25
$785.1M
Q1 25
$621.4M
Q4 24
$615.9M
Q3 24
$573.7M
Q2 24
$535.8M
Total Debt
FSUN
FSUN
MMLP
MMLP
Q1 26
Q4 25
$428.0M
Q3 25
$441.3M
Q2 25
$427.8M
Q1 25
$451.4M
Q4 24
$437.6M
Q3 24
$469.3M
Q2 24
$439.4M
Stockholders' Equity
FSUN
FSUN
MMLP
MMLP
Q1 26
$1.2B
Q4 25
$1.2B
Q3 25
$1.1B
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.0B
Q3 24
$1.0B
Q2 24
$996.6M
Total Assets
FSUN
FSUN
MMLP
MMLP
Q1 26
$8.6B
$537.1M
Q4 25
$8.5B
$522.4M
Q3 25
$8.5B
$510.1M
Q2 25
$8.4B
$515.6M
Q1 25
$8.2B
$533.4M
Q4 24
$8.1B
$538.5M
Q3 24
$8.1B
$554.8M
Q2 24
$8.0B
$535.1M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FSUN
FSUN
MMLP
MMLP
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$-6.0M
FCF MarginFCF / Revenue
-3.2%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$27.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSUN
FSUN
MMLP
MMLP
Q1 26
Q4 25
$111.5M
$22.4M
Q3 25
$49.4M
$-1.2M
Q2 25
$15.0M
$30.9M
Q1 25
$26.4M
$-6.0M
Q4 24
$101.1M
$42.2M
Q3 24
$48.1M
$-15.8M
Q2 24
$20.9M
$11.8M
Free Cash Flow
FSUN
FSUN
MMLP
MMLP
Q1 26
$-6.0M
Q4 25
$104.0M
$15.6M
Q3 25
$47.6M
$-7.9M
Q2 25
$13.0M
$25.6M
Q1 25
$24.3M
$-11.9M
Q4 24
$95.7M
$34.2M
Q3 24
$47.1M
$-25.6M
Q2 24
$19.9M
$-696.0K
FCF Margin
FSUN
FSUN
MMLP
MMLP
Q1 26
-3.2%
Q4 25
94.3%
8.9%
Q3 25
44.4%
-4.7%
Q2 25
12.3%
14.2%
Q1 25
25.3%
-6.2%
Q4 24
97.0%
20.0%
Q3 24
47.9%
-15.0%
Q2 24
20.6%
-0.4%
Capex Intensity
FSUN
FSUN
MMLP
MMLP
Q1 26
1.6%
Q4 25
6.8%
3.9%
Q3 25
1.6%
4.0%
Q2 25
1.9%
3.0%
Q1 25
2.1%
3.1%
Q4 24
5.5%
4.6%
Q3 24
1.1%
5.8%
Q2 24
1.1%
6.8%
Cash Conversion
FSUN
FSUN
MMLP
MMLP
Q1 26
Q4 25
4.49×
Q3 25
2.13×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
Q3 24
2.15×
Q2 24
0.85×
3.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FSUN
FSUN

Net Interest Income$82.8M75%
Noninterest Income$27.2M25%

MMLP
MMLP

Specialty products$61.6M33%
Transportation *$52.8M28%
Other$46.5M25%
Terminalling and storage *$22.4M12%
Sulfur services$4.4M2%

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