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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.

PUMA BIOTECHNOLOGY, INC. is the larger business by last-quarter revenue ($75.5M vs $63.5M, roughly 1.2× HORIZON BANCORP INC). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs 19.5%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $14.4M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 9.2%).

First Horizon Corporation, formerly First Tennessee Bank, is a financial services company, founded in 1864, and based in Memphis, Tennessee. Through its banking subsidiary First Horizon Bank, it provides financial services through locations in 12 states across the Southeast, a region in which it is the fourth largest regional bank.

Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.

HBNC vs PBYI — Head-to-Head

Bigger by revenue
PBYI
PBYI
1.2× larger
PBYI
$75.5M
$63.5M
HBNC
Growing faster (revenue YoY)
PBYI
PBYI
+8.2% gap
PBYI
27.7%
19.5%
HBNC
More free cash flow
HBNC
HBNC
$59.9M more FCF
HBNC
$74.3M
$14.4M
PBYI
Faster 2-yr revenue CAGR
PBYI
PBYI
Annualised
PBYI
31.3%
9.2%
HBNC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBNC
HBNC
PBYI
PBYI
Revenue
$63.5M
$75.5M
Net Profit
$26.9M
Gross Margin
69.3%
Operating Margin
51.5%
22.7%
Net Margin
42.4%
Revenue YoY
19.5%
27.7%
Net Profit YoY
347.4%
EPS (diluted)
$0.44
$0.26

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
HBNC
HBNC
PBYI
PBYI
Q4 25
$63.5M
$75.5M
Q3 25
$58.4M
$54.5M
Q2 25
$66.3M
$52.4M
Q1 25
$68.8M
$46.0M
Q4 24
$53.1M
$59.1M
Q3 24
$58.4M
$80.5M
Q2 24
$55.8M
$47.1M
Q1 24
$53.2M
$43.8M
Net Profit
HBNC
HBNC
PBYI
PBYI
Q4 25
$26.9M
Q3 25
$-222.0M
$8.8M
Q2 25
$20.6M
$5.9M
Q1 25
$23.9M
$3.0M
Q4 24
$-10.9M
Q3 24
$18.2M
$20.3M
Q2 24
$14.1M
$-4.5M
Q1 24
$14.0M
$-4.8M
Gross Margin
HBNC
HBNC
PBYI
PBYI
Q4 25
69.3%
Q3 25
77.7%
Q2 25
76.5%
Q1 25
77.1%
Q4 24
76.4%
Q3 24
63.9%
Q2 24
77.4%
Q1 24
75.5%
Operating Margin
HBNC
HBNC
PBYI
PBYI
Q4 25
51.5%
22.7%
Q3 25
-490.4%
17.6%
Q2 25
36.8%
12.7%
Q1 25
40.8%
8.7%
Q4 24
-41.3%
22.6%
Q3 24
31.0%
27.4%
Q2 24
28.5%
-4.6%
Q1 24
28.8%
-5.3%
Net Margin
HBNC
HBNC
PBYI
PBYI
Q4 25
42.4%
Q3 25
-380.2%
16.2%
Q2 25
31.1%
11.2%
Q1 25
34.8%
6.5%
Q4 24
-20.5%
Q3 24
31.1%
25.2%
Q2 24
25.4%
-9.6%
Q1 24
26.3%
-11.0%
EPS (diluted)
HBNC
HBNC
PBYI
PBYI
Q4 25
$0.44
$0.26
Q3 25
$-4.69
$0.17
Q2 25
$0.47
$0.12
Q1 25
$0.54
$0.06
Q4 24
$-0.25
$0.40
Q3 24
$0.41
$0.41
Q2 24
$0.32
$-0.09
Q1 24
$0.32
$-0.10

Balance Sheet & Financial Strength

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

Metric
HBNC
HBNC
PBYI
PBYI
Cash + ST InvestmentsLiquidity on hand
$139.5M
$97.5M
Total DebtLower is stronger
$248.6M
$22.7M
Stockholders' EquityBook value
$688.3M
$130.3M
Total Assets
$6.4B
$216.3M
Debt / EquityLower = less leverage
0.36×
0.17×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBNC
HBNC
PBYI
PBYI
Q4 25
$139.5M
$97.5M
Q3 25
$458.3M
$94.4M
Q2 25
$137.9M
$96.0M
Q1 25
$169.7M
$93.2M
Q4 24
$293.4M
$101.0M
Q3 24
$234.8M
$96.7M
Q2 24
$146.1M
$96.8M
Q1 24
$107.2M
Total Debt
HBNC
HBNC
PBYI
PBYI
Q4 25
$248.6M
$22.7M
Q3 25
$34.0M
Q2 25
$45.3M
Q1 25
$56.7M
Q4 24
$1.2B
$68.0M
Q3 24
$79.3M
Q2 24
$90.7M
Q1 24
$102.0M
Stockholders' Equity
HBNC
HBNC
PBYI
PBYI
Q4 25
$688.3M
$130.3M
Q3 25
$660.8M
$115.3M
Q2 25
$790.9M
$104.7M
Q1 25
$776.1M
$97.1M
Q4 24
$763.6M
$92.1M
Q3 24
$754.8M
$71.1M
Q2 24
$726.7M
$48.5M
Q1 24
$721.3M
$51.0M
Total Assets
HBNC
HBNC
PBYI
PBYI
Q4 25
$6.4B
$216.3M
Q3 25
$6.7B
$202.9M
Q2 25
$7.7B
$194.9M
Q1 25
$7.6B
$196.2M
Q4 24
$7.8B
$213.3M
Q3 24
$7.9B
$220.7M
Q2 24
$7.9B
$205.0M
Q1 24
$7.9B
$214.1M
Debt / Equity
HBNC
HBNC
PBYI
PBYI
Q4 25
0.36×
0.17×
Q3 25
0.30×
Q2 25
0.43×
Q1 25
0.58×
Q4 24
1.61×
0.74×
Q3 24
1.12×
Q2 24
1.87×
Q1 24
2.00×

Cash Flow & Capital Efficiency

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

Metric
HBNC
HBNC
PBYI
PBYI
Operating Cash FlowLast quarter
$79.2M
$14.4M
Free Cash FlowOCF − Capex
$74.3M
$14.4M
FCF MarginFCF / Revenue
117.0%
19.1%
Capex IntensityCapex / Revenue
7.8%
0.0%
Cash ConversionOCF / Net Profit
2.94×
TTM Free Cash FlowTrailing 4 quarters
$115.9M
$41.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBNC
HBNC
PBYI
PBYI
Q4 25
$79.2M
$14.4M
Q3 25
$10.9M
$9.7M
Q2 25
$19.5M
$14.1M
Q1 25
$15.2M
$3.6M
Q4 24
$6.4M
$15.6M
Q3 24
$32.3M
$11.0M
Q2 24
$15.9M
$1.0M
Q1 24
$6.5M
$11.2M
Free Cash Flow
HBNC
HBNC
PBYI
PBYI
Q4 25
$74.3M
$14.4M
Q3 25
$9.4M
$9.7M
Q2 25
$18.1M
$14.1M
Q1 25
$14.1M
$3.6M
Q4 24
$1.3M
$15.6M
Q3 24
$31.0M
$11.0M
Q2 24
$15.1M
$1.0M
Q1 24
$5.4M
FCF Margin
HBNC
HBNC
PBYI
PBYI
Q4 25
117.0%
19.1%
Q3 25
16.1%
17.7%
Q2 25
27.3%
26.8%
Q1 25
20.5%
7.7%
Q4 24
2.4%
26.4%
Q3 24
53.1%
13.7%
Q2 24
27.1%
2.1%
Q1 24
10.1%
Capex Intensity
HBNC
HBNC
PBYI
PBYI
Q4 25
7.8%
0.0%
Q3 25
2.6%
0.0%
Q2 25
2.1%
0.0%
Q1 25
1.6%
0.1%
Q4 24
9.6%
0.0%
Q3 24
2.2%
0.0%
Q2 24
1.5%
0.0%
Q1 24
2.2%
0.0%
Cash Conversion
HBNC
HBNC
PBYI
PBYI
Q4 25
2.94×
Q3 25
1.10×
Q2 25
0.94×
2.41×
Q1 25
0.64×
1.21×
Q4 24
Q3 24
1.78×
0.54×
Q2 24
1.13×
Q1 24
0.47×

Financial Flow Comparison

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

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