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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and Perma-Pipe International Holdings, Inc. (PPIH). Click either name above to swap in a different company.
FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $61.1M, roughly 1.8× Perma-Pipe International Holdings, Inc.). FIRSTSUN CAPITAL BANCORP runs the higher net margin — 19.6% vs 10.3%, a 9.3% gap on every dollar of revenue. Over the past eight quarters, Perma-Pipe International Holdings, Inc.'s revenue compounded faster (23.4% CAGR vs 6.9%).
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.
Perma-Pipe International Holdings, Inc. designs, manufactures and supplies pre-insulated piping systems and integrated leak detection solutions. Its offerings cater to oil & gas, district heating and cooling, industrial, and municipal infrastructure segments, with a global footprint spanning North America, the Middle East, Europe and Asia.
FSUN vs PPIH — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $110.0M | $61.1M |
| Net Profit | $21.6M | $6.3M |
| Gross Margin | — | 34.4% |
| Operating Margin | — | 18.6% |
| Net Margin | 19.6% | 10.3% |
| Revenue YoY | — | 47.1% |
| Net Profit YoY | -8.4% | 153.5% |
| EPS (diluted) | $0.76 | $0.77 |
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.
| Q1 26 | $110.0M | — | ||
| Q4 25 | $110.2M | $61.1M | ||
| Q3 25 | $107.3M | $47.9M | ||
| Q2 25 | $105.6M | $46.7M | ||
| Q1 25 | $96.2M | $45.0M | ||
| Q4 24 | $98.7M | $41.6M | ||
| Q3 24 | $98.2M | $37.5M | ||
| Q2 24 | $96.2M | $34.3M |
| Q1 26 | $21.6M | — | ||
| Q4 25 | $24.8M | $6.3M | ||
| Q3 25 | $23.2M | $851.0K | ||
| Q2 25 | $26.4M | $5.0M | ||
| Q1 25 | $23.6M | $1.8M | ||
| Q4 24 | $16.4M | $2.5M | ||
| Q3 24 | $22.4M | $3.3M | ||
| Q2 24 | $24.6M | $1.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | 34.4% | ||
| Q3 25 | — | 30.1% | ||
| Q2 25 | — | 35.8% | ||
| Q1 25 | — | 33.7% | ||
| Q4 24 | — | 33.9% | ||
| Q3 24 | — | 35.9% | ||
| Q2 24 | — | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | 29.0% | 18.6% | ||
| Q3 25 | 26.4% | 6.7% | ||
| Q2 25 | 31.2% | 16.9% | ||
| Q1 25 | 30.9% | 12.1% | ||
| Q4 24 | 20.4% | 13.4% | ||
| Q3 24 | 29.1% | 16.4% | ||
| Q2 24 | 32.3% | 9.1% |
| Q1 26 | 19.6% | — | ||
| Q4 25 | 22.5% | 10.3% | ||
| Q3 25 | 21.6% | 1.8% | ||
| Q2 25 | 25.0% | 10.6% | ||
| Q1 25 | 24.5% | 3.9% | ||
| Q4 24 | 16.6% | 6.0% | ||
| Q3 24 | 22.8% | 8.8% | ||
| Q2 24 | 25.5% | 4.2% |
| Q1 26 | $0.76 | — | ||
| Q4 25 | $0.89 | $0.77 | ||
| Q3 25 | $0.82 | $0.10 | ||
| Q2 25 | $0.93 | $0.61 | ||
| Q1 25 | $0.83 | $0.23 | ||
| Q4 24 | $0.57 | $0.31 | ||
| Q3 24 | $0.79 | $0.40 | ||
| Q2 24 | $0.88 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $413.7M | $27.2M |
| Total DebtLower is stronger | — | $12.7M |
| Stockholders' EquityBook value | $1.2B | $85.8M |
| Total Assets | $8.6B | $217.0M |
| Debt / EquityLower = less leverage | — | 0.15× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $413.7M | — | ||
| Q4 25 | $652.6M | $27.2M | ||
| Q3 25 | $659.9M | $17.3M | ||
| Q2 25 | $785.1M | $18.8M | ||
| Q1 25 | $621.4M | $15.7M | ||
| Q4 24 | $615.9M | $13.3M | ||
| Q3 24 | $573.7M | $9.5M | ||
| Q2 24 | $535.8M | $7.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $12.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $1.2B | — | ||
| Q4 25 | $1.2B | $85.8M | ||
| Q3 25 | $1.1B | $80.2M | ||
| Q2 25 | $1.1B | $77.9M | ||
| Q1 25 | $1.1B | $72.1M | ||
| Q4 24 | $1.0B | $71.2M | ||
| Q3 24 | $1.0B | $68.6M | ||
| Q2 24 | $996.6M | $65.5M |
| Q1 26 | $8.6B | — | ||
| Q4 25 | $8.5B | $217.0M | ||
| Q3 25 | $8.5B | $189.0M | ||
| Q2 25 | $8.4B | $178.3M | ||
| Q1 25 | $8.2B | $165.2M | ||
| Q4 24 | $8.1B | $160.7M | ||
| Q3 24 | $8.1B | $157.8M | ||
| Q2 24 | $8.0B | $155.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.15× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 0.21× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | — | $17.3M |
| Free Cash FlowOCF − Capex | — | $12.4M |
| FCF MarginFCF / Revenue | — | 20.2% |
| Capex IntensityCapex / Revenue | — | 8.1% |
| Cash ConversionOCF / Net Profit | — | 2.74× |
| TTM Free Cash FlowTrailing 4 quarters | — | $12.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $111.5M | $17.3M | ||
| Q3 25 | $49.4M | $-2.0M | ||
| Q2 25 | $15.0M | $733.0K | ||
| Q1 25 | $26.4M | $6.0M | ||
| Q4 24 | $101.1M | $5.2M | ||
| Q3 24 | $48.1M | $2.8M | ||
| Q2 24 | $20.9M | $-73.0K |
| Q1 26 | — | — | ||
| Q4 25 | $104.0M | $12.4M | ||
| Q3 25 | $47.6M | $-4.6M | ||
| Q2 25 | $13.0M | $-194.0K | ||
| Q1 25 | $24.3M | $4.7M | ||
| Q4 24 | $95.7M | $4.8M | ||
| Q3 24 | $47.1M | $2.2M | ||
| Q2 24 | $19.9M | $-662.0K |
| Q1 26 | — | — | ||
| Q4 25 | 94.3% | 20.2% | ||
| Q3 25 | 44.4% | -9.6% | ||
| Q2 25 | 12.3% | -0.4% | ||
| Q1 25 | 25.3% | 10.5% | ||
| Q4 24 | 97.0% | 11.6% | ||
| Q3 24 | 47.9% | 5.8% | ||
| Q2 24 | 20.6% | -1.9% |
| Q1 26 | — | — | ||
| Q4 25 | 6.8% | 8.1% | ||
| Q3 25 | 1.6% | 5.3% | ||
| Q2 25 | 1.9% | 2.0% | ||
| Q1 25 | 2.1% | 2.9% | ||
| Q4 24 | 5.5% | 0.8% | ||
| Q3 24 | 1.1% | 1.7% | ||
| Q2 24 | 1.1% | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | 4.49× | 2.74× | ||
| Q3 25 | 2.13× | -2.40× | ||
| Q2 25 | 0.57× | 0.15× | ||
| Q1 25 | 1.12× | 3.42× | ||
| Q4 24 | 6.18× | 2.07× | ||
| Q3 24 | 2.15× | 0.86× | ||
| Q2 24 | 0.85× | -0.05× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FSUN
| Net Interest Income | $82.8M | 75% |
| Noninterest Income | $27.2M | 25% |
PPIH
Segment breakdown not available.
