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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and Phathom Pharmaceuticals, Inc. (PHAT). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $57.6M, roughly 1.9× Phathom Pharmaceuticals, Inc.).

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.

Phathom Pharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing and commercializing innovative therapies for gastrointestinal diseases. Its lead product candidates address acid-related disorders, inflammatory bowel disease, and other GI conditions, serving patients mainly across North America and Europe.

FSUN vs PHAT — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.9× larger
FSUN
$110.0M
$57.6M
PHAT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSUN
FSUN
PHAT
PHAT
Revenue
$110.0M
$57.6M
Net Profit
$21.6M
Gross Margin
86.7%
Operating Margin
Net Margin
19.6%
Revenue YoY
94.1%
Net Profit YoY
-8.4%
71.6%
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
PHAT
PHAT
Q1 26
$110.0M
Q4 25
$110.2M
$57.6M
Q3 25
$107.3M
$49.5M
Q2 25
$105.6M
$39.5M
Q1 25
$96.2M
$28.5M
Q4 24
$98.7M
$29.7M
Q3 24
$98.2M
$16.4M
Q2 24
$96.2M
$7.3M
Net Profit
FSUN
FSUN
PHAT
PHAT
Q1 26
$21.6M
Q4 25
$24.8M
Q3 25
$23.2M
$-30.0M
Q2 25
$26.4M
$-75.8M
Q1 25
$23.6M
$-94.3M
Q4 24
$16.4M
Q3 24
$22.4M
$-85.6M
Q2 24
$24.6M
$-91.4M
Gross Margin
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
86.7%
Q3 25
87.5%
Q2 25
87.2%
Q1 25
86.9%
Q4 24
87.1%
Q3 24
85.6%
Q2 24
81.2%
Operating Margin
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
29.0%
Q3 25
26.4%
-30.8%
Q2 25
31.2%
-151.7%
Q1 25
30.9%
-276.5%
Q4 24
20.4%
Q3 24
29.1%
-433.0%
Q2 24
32.3%
-1055.4%
Net Margin
FSUN
FSUN
PHAT
PHAT
Q1 26
19.6%
Q4 25
22.5%
Q3 25
21.6%
-60.5%
Q2 25
25.0%
-191.9%
Q1 25
24.5%
-330.7%
Q4 24
16.6%
Q3 24
22.8%
-523.3%
Q2 24
25.5%
-1248.6%
EPS (diluted)
FSUN
FSUN
PHAT
PHAT
Q1 26
$0.76
Q4 25
$0.89
Q3 25
$0.82
$-0.41
Q2 25
$0.93
$-1.05
Q1 25
$0.83
$-1.31
Q4 24
$0.57
Q3 24
$0.79
$-1.32
Q2 24
$0.88
$-1.56

Balance Sheet & Financial Strength

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

Metric
FSUN
FSUN
PHAT
PHAT
Cash + ST InvestmentsLiquidity on hand
$413.7M
$130.0M
Total DebtLower is stronger
$209.1M
Stockholders' EquityBook value
$1.2B
$-438.2M
Total Assets
$8.6B
$259.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
PHAT
PHAT
Q1 26
$413.7M
Q4 25
$652.6M
$130.0M
Q3 25
$659.9M
$135.2M
Q2 25
$785.1M
$149.6M
Q1 25
$621.4M
$212.3M
Q4 24
$615.9M
$297.3M
Q3 24
$573.7M
$334.7M
Q2 24
$535.8M
$276.2M
Total Debt
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
$209.1M
Q3 25
$207.1M
Q2 25
$205.1M
Q1 25
$203.2M
Q4 24
$201.4M
Q3 24
$175.7M
Q2 24
$174.4M
Stockholders' Equity
FSUN
FSUN
PHAT
PHAT
Q1 26
$1.2B
Q4 25
$1.2B
$-438.2M
Q3 25
$1.1B
$-422.5M
Q2 25
$1.1B
$-405.8M
Q1 25
$1.1B
$-338.4M
Q4 24
$1.0B
$-253.6M
Q3 24
$1.0B
$-187.1M
Q2 24
$996.6M
$-233.8M
Total Assets
FSUN
FSUN
PHAT
PHAT
Q1 26
$8.6B
Q4 25
$8.5B
$259.1M
Q3 25
$8.5B
$240.3M
Q2 25
$8.4B
$250.2M
Q1 25
$8.2B
$294.2M
Q4 24
$8.1B
$378.3M
Q3 24
$8.1B
$387.0M
Q2 24
$8.0B
$319.4M

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
PHAT
PHAT
Operating Cash FlowLast quarter
$-166.8M
Free Cash FlowOCF − Capex
$-167.0M
FCF MarginFCF / Revenue
-290.0%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-328.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
$111.5M
$-166.8M
Q3 25
$49.4M
$-14.1M
Q2 25
$15.0M
$-62.7M
Q1 25
$26.4M
$-84.9M
Q4 24
$101.1M
$-266.8M
Q3 24
$48.1M
$-63.6M
Q2 24
$20.9M
$-70.7M
Free Cash Flow
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
$104.0M
$-167.0M
Q3 25
$47.6M
$-14.1M
Q2 25
$13.0M
$-62.8M
Q1 25
$24.3M
$-84.9M
Q4 24
$95.7M
$-266.9M
Q3 24
$47.1M
$-63.6M
Q2 24
$19.9M
$-70.8M
FCF Margin
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
94.3%
-290.0%
Q3 25
44.4%
-28.6%
Q2 25
12.3%
-159.0%
Q1 25
25.3%
-297.9%
Q4 24
97.0%
-899.8%
Q3 24
47.9%
-389.0%
Q2 24
20.6%
-966.2%
Capex Intensity
FSUN
FSUN
PHAT
PHAT
Q1 26
Q4 25
6.8%
0.4%
Q3 25
1.6%
0.1%
Q2 25
1.9%
0.2%
Q1 25
2.1%
0.1%
Q4 24
5.5%
0.5%
Q3 24
1.1%
0.3%
Q2 24
1.1%
0.6%
Cash Conversion
FSUN
FSUN
PHAT
PHAT
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×

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%

PHAT
PHAT

Segment breakdown not available.

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