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Side-by-side financial comparison of FIRSTSUN CAPITAL BANCORP (FSUN) and Vericel Corp (VCEL). Click either name above to swap in a different company.

FIRSTSUN CAPITAL BANCORP is the larger business by last-quarter revenue ($110.0M vs $92.9M, roughly 1.2× Vericel Corp). Vericel Corp runs the higher net margin — 25.0% vs 19.6%, a 5.4% gap on every dollar of revenue. Over the past eight quarters, Vericel Corp's revenue compounded faster (34.6% 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.

Vericel Corporation is a publicly traded American biopharmaceutical company which was known prior to October 2014 as Aastrom Bio. Aastrom Bio was formed in 1989 in Ann Arbor, Michigan.

FSUN vs VCEL — Head-to-Head

Bigger by revenue
FSUN
FSUN
1.2× larger
FSUN
$110.0M
$92.9M
VCEL
Higher net margin
VCEL
VCEL
5.4% more per $
VCEL
25.0%
19.6%
FSUN
Faster 2-yr revenue CAGR
VCEL
VCEL
Annualised
VCEL
34.6%
6.9%
FSUN

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FSUN
FSUN
VCEL
VCEL
Revenue
$110.0M
$92.9M
Net Profit
$21.6M
$23.2M
Gross Margin
78.7%
Operating Margin
24.1%
Net Margin
19.6%
25.0%
Revenue YoY
23.3%
Net Profit YoY
-8.4%
17.3%
EPS (diluted)
$0.76
$0.46

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
VCEL
VCEL
Q1 26
$110.0M
Q4 25
$110.2M
$92.9M
Q3 25
$107.3M
$67.5M
Q2 25
$105.6M
$63.2M
Q1 25
$96.2M
$52.6M
Q4 24
$98.7M
$75.4M
Q3 24
$98.2M
$57.9M
Q2 24
$96.2M
$52.7M
Net Profit
FSUN
FSUN
VCEL
VCEL
Q1 26
$21.6M
Q4 25
$24.8M
$23.2M
Q3 25
$23.2M
$5.1M
Q2 25
$26.4M
$-553.0K
Q1 25
$23.6M
$-11.2M
Q4 24
$16.4M
$19.8M
Q3 24
$22.4M
$-901.0K
Q2 24
$24.6M
$-4.7M
Gross Margin
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
78.7%
Q3 25
73.5%
Q2 25
73.7%
Q1 25
69.0%
Q4 24
77.6%
Q3 24
71.9%
Q2 24
69.5%
Operating Margin
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
29.0%
24.1%
Q3 25
26.4%
5.1%
Q2 25
31.2%
-3.2%
Q1 25
30.9%
-24.3%
Q4 24
20.4%
24.5%
Q3 24
29.1%
-4.3%
Q2 24
32.3%
-11.5%
Net Margin
FSUN
FSUN
VCEL
VCEL
Q1 26
19.6%
Q4 25
22.5%
25.0%
Q3 25
21.6%
7.5%
Q2 25
25.0%
-0.9%
Q1 25
24.5%
-21.4%
Q4 24
16.6%
26.3%
Q3 24
22.8%
-1.6%
Q2 24
25.5%
-8.9%
EPS (diluted)
FSUN
FSUN
VCEL
VCEL
Q1 26
$0.76
Q4 25
$0.89
$0.46
Q3 25
$0.82
$0.10
Q2 25
$0.93
$-0.01
Q1 25
$0.83
$-0.23
Q4 24
$0.57
$0.40
Q3 24
$0.79
$-0.02
Q2 24
$0.88
$-0.10

Balance Sheet & Financial Strength

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

Metric
FSUN
FSUN
VCEL
VCEL
Cash + ST InvestmentsLiquidity on hand
$413.7M
$137.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.2B
$354.6M
Total Assets
$8.6B
$488.0M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FSUN
FSUN
VCEL
VCEL
Q1 26
$413.7M
Q4 25
$652.6M
$137.5M
Q3 25
$659.9M
$135.4M
Q2 25
$785.1M
$116.9M
Q1 25
$621.4M
$112.9M
Q4 24
$615.9M
$116.2M
Q3 24
$573.7M
$101.7M
Q2 24
$535.8M
$102.5M
Stockholders' Equity
FSUN
FSUN
VCEL
VCEL
Q1 26
$1.2B
Q4 25
$1.2B
$354.6M
Q3 25
$1.1B
$321.9M
Q2 25
$1.1B
$306.8M
Q1 25
$1.1B
$295.5M
Q4 24
$1.0B
$292.0M
Q3 24
$1.0B
$257.5M
Q2 24
$996.6M
$243.0M
Total Assets
FSUN
FSUN
VCEL
VCEL
Q1 26
$8.6B
Q4 25
$8.5B
$488.0M
Q3 25
$8.5B
$453.3M
Q2 25
$8.4B
$435.6M
Q1 25
$8.2B
$424.6M
Q4 24
$8.1B
$432.7M
Q3 24
$8.1B
$390.4M
Q2 24
$8.0B
$376.8M

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
VCEL
VCEL
Operating Cash FlowLast quarter
$15.0M
Free Cash FlowOCF − Capex
$12.8M
FCF MarginFCF / Revenue
13.8%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
0.65×
TTM Free Cash FlowTrailing 4 quarters
$24.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
$111.5M
$15.0M
Q3 25
$49.4M
$22.1M
Q2 25
$15.0M
$8.2M
Q1 25
$26.4M
$6.6M
Q4 24
$101.1M
$22.2M
Q3 24
$48.1M
$10.2M
Q2 24
$20.9M
$18.5M
Free Cash Flow
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
$104.0M
$12.8M
Q3 25
$47.6M
$19.5M
Q2 25
$13.0M
$81.0K
Q1 25
$24.3M
$-7.6M
Q4 24
$95.7M
$8.5M
Q3 24
$47.1M
$-9.2M
Q2 24
$19.9M
$1.8M
FCF Margin
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
94.3%
13.8%
Q3 25
44.4%
28.8%
Q2 25
12.3%
0.1%
Q1 25
25.3%
-14.5%
Q4 24
97.0%
11.2%
Q3 24
47.9%
-15.9%
Q2 24
20.6%
3.4%
Capex Intensity
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
6.8%
2.4%
Q3 25
1.6%
3.9%
Q2 25
1.9%
12.9%
Q1 25
2.1%
27.0%
Q4 24
5.5%
18.3%
Q3 24
1.1%
33.5%
Q2 24
1.1%
31.8%
Cash Conversion
FSUN
FSUN
VCEL
VCEL
Q1 26
Q4 25
4.49×
0.65×
Q3 25
2.13×
4.35×
Q2 25
0.57×
Q1 25
1.12×
Q4 24
6.18×
1.12×
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%

VCEL
VCEL

MACI Implants And Kits$84.1M90%
Other$8.8M10%

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