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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $63.5M, roughly 2.0× HORIZON BANCORP INC). PagerDuty, Inc. runs the higher net margin — 129.7% vs 42.4%, a 87.3% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs 4.7%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $24.1M). Over the past eight quarters, HORIZON BANCORP INC's revenue compounded faster (9.2% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
HBNC vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $63.5M | $124.5M |
| Net Profit | $26.9M | $161.6M |
| Gross Margin | — | 85.3% |
| Operating Margin | 51.5% | 6.5% |
| Net Margin | 42.4% | 129.7% |
| Revenue YoY | 19.5% | 4.7% |
| Net Profit YoY | 347.4% | 2827.7% |
| EPS (diluted) | $0.44 | $1.69 |
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.
| Q4 25 | $63.5M | $124.5M | ||
| Q3 25 | $58.4M | $123.4M | ||
| Q2 25 | $66.3M | $119.8M | ||
| Q1 25 | $68.8M | $121.4M | ||
| Q4 24 | $53.1M | $118.9M | ||
| Q3 24 | $58.4M | $115.9M | ||
| Q2 24 | $55.8M | $111.2M | ||
| Q1 24 | $53.2M | $111.1M |
| Q4 25 | $26.9M | $161.6M | ||
| Q3 25 | $-222.0M | $9.6M | ||
| Q2 25 | $20.6M | $-7.2M | ||
| Q1 25 | $23.9M | $-8.8M | ||
| Q4 24 | $-10.9M | $-5.9M | ||
| Q3 24 | $18.2M | $-10.9M | ||
| Q2 24 | $14.1M | $-17.1M | ||
| Q1 24 | $14.0M | $-28.2M |
| Q4 25 | — | 85.3% | ||
| Q3 25 | — | 84.6% | ||
| Q2 25 | — | 84.0% | ||
| Q1 25 | — | 83.6% | ||
| Q4 24 | — | 83.0% | ||
| Q3 24 | — | 82.7% | ||
| Q2 24 | — | 82.6% | ||
| Q1 24 | — | 81.7% |
| Q4 25 | 51.5% | 6.5% | ||
| Q3 25 | -490.4% | 2.9% | ||
| Q2 25 | 36.8% | -8.6% | ||
| Q1 25 | 40.8% | -9.6% | ||
| Q4 24 | -41.3% | -8.7% | ||
| Q3 24 | 31.0% | -13.8% | ||
| Q2 24 | 28.5% | -19.5% | ||
| Q1 24 | 28.8% | -30.1% |
| Q4 25 | 42.4% | 129.7% | ||
| Q3 25 | -380.2% | 7.8% | ||
| Q2 25 | 31.1% | -6.0% | ||
| Q1 25 | 34.8% | -7.2% | ||
| Q4 24 | -20.5% | -5.0% | ||
| Q3 24 | 31.1% | -9.4% | ||
| Q2 24 | 25.4% | -15.4% | ||
| Q1 24 | 26.3% | -25.3% |
| Q4 25 | $0.44 | $1.69 | ||
| Q3 25 | $-4.69 | $0.10 | ||
| Q2 25 | $0.47 | $-0.07 | ||
| Q1 25 | $0.54 | $-0.12 | ||
| Q4 24 | $-0.25 | $-0.07 | ||
| Q3 24 | $0.41 | $-0.14 | ||
| Q2 24 | $0.32 | $-0.26 | ||
| Q1 24 | $0.32 | $-0.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $139.5M | $547.8M |
| Total DebtLower is stronger | $248.6M | — |
| Stockholders' EquityBook value | $688.3M | $320.5M |
| Total Assets | $6.4B | $1.0B |
| Debt / EquityLower = less leverage | 0.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.5M | $547.8M | ||
| Q3 25 | $458.3M | $567.9M | ||
| Q2 25 | $137.9M | $597.1M | ||
| Q1 25 | $169.7M | $570.8M | ||
| Q4 24 | $293.4M | $542.2M | ||
| Q3 24 | $234.8M | $599.3M | ||
| Q2 24 | $146.1M | $592.8M | ||
| Q1 24 | — | $571.2M |
| Q4 25 | $248.6M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $688.3M | $320.5M | ||
| Q3 25 | $660.8M | $180.7M | ||
| Q2 25 | $790.9M | $145.7M | ||
| Q1 25 | $776.1M | $129.8M | ||
| Q4 24 | $763.6M | $111.6M | ||
| Q3 24 | $754.8M | $164.7M | ||
| Q2 24 | $726.7M | $174.0M | ||
| Q1 24 | $721.3M | $171.6M |
| Q4 25 | $6.4B | $1.0B | ||
| Q3 25 | $6.7B | $891.5M | ||
| Q2 25 | $7.7B | $926.8M | ||
| Q1 25 | $7.6B | $927.3M | ||
| Q4 24 | $7.8B | $866.8M | ||
| Q3 24 | $7.9B | $916.0M | ||
| Q2 24 | $7.9B | $924.0M | ||
| Q1 24 | $7.9B | $925.3M |
| Q4 25 | 0.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $79.2M | $24.8M |
| Free Cash FlowOCF − Capex | $74.3M | $24.1M |
| FCF MarginFCF / Revenue | 117.0% | 19.3% |
| Capex IntensityCapex / Revenue | 7.8% | 0.6% |
| Cash ConversionOCF / Net Profit | 2.94× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $115.9M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.2M | $24.8M | ||
| Q3 25 | $10.9M | $34.0M | ||
| Q2 25 | $19.5M | $30.7M | ||
| Q1 25 | $15.2M | $31.4M | ||
| Q4 24 | $6.4M | $22.1M | ||
| Q3 24 | $32.3M | $35.8M | ||
| Q2 24 | $15.9M | $28.6M | ||
| Q1 24 | $6.5M | $22.2M |
| Q4 25 | $74.3M | $24.1M | ||
| Q3 25 | $9.4M | $33.1M | ||
| Q2 25 | $18.1M | $30.2M | ||
| Q1 25 | $14.1M | $30.3M | ||
| Q4 24 | $1.3M | $21.5M | ||
| Q3 24 | $31.0M | $35.1M | ||
| Q2 24 | $15.1M | $28.2M | ||
| Q1 24 | $5.4M | $21.2M |
| Q4 25 | 117.0% | 19.3% | ||
| Q3 25 | 16.1% | 26.8% | ||
| Q2 25 | 27.3% | 25.2% | ||
| Q1 25 | 20.5% | 24.9% | ||
| Q4 24 | 2.4% | 18.1% | ||
| Q3 24 | 53.1% | 30.3% | ||
| Q2 24 | 27.1% | 25.4% | ||
| Q1 24 | 10.1% | 19.1% |
| Q4 25 | 7.8% | 0.6% | ||
| Q3 25 | 2.6% | 0.7% | ||
| Q2 25 | 2.1% | 0.4% | ||
| Q1 25 | 1.6% | 0.9% | ||
| Q4 24 | 9.6% | 0.5% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 1.5% | 0.4% | ||
| Q1 24 | 2.2% | 0.9% |
| Q4 25 | 2.94× | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| Q2 25 | 0.94× | — | ||
| Q1 25 | 0.64× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.78× | — | ||
| Q2 24 | 1.13× | — | ||
| Q1 24 | 0.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HBNC
Segment breakdown not available.
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
