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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) and Porch Group, Inc. (PRCH). Click either name above to swap in a different company.
Porch Group, Inc. is the larger business by last-quarter revenue ($121.1M vs $63.5M, roughly 1.9× HORIZON BANCORP INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs -3.9%, a 46.3% gap on every dollar of revenue. On growth, Porch Group, Inc. posted the faster year-over-year revenue change (100.0% vs 19.5%). Over the past eight quarters, Porch Group, Inc.'s revenue compounded faster (26.4% 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.
Porch is a website that tries to connect homeowners with local home improvement contractors. The site features advice articles, cost guide, and online booking for over 160 home projects.
HBNC vs PRCH — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $63.5M | $121.1M |
| Net Profit | $26.9M | $-4.7M |
| Gross Margin | — | 52.7% |
| Operating Margin | 51.5% | 34.7% |
| Net Margin | 42.4% | -3.9% |
| Revenue YoY | 19.5% | 100.0% |
| Net Profit YoY | 347.4% | 2.0% |
| EPS (diluted) | $0.44 | $-0.04 |
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 | — | $121.1M | ||
| Q4 25 | $63.5M | $112.3M | ||
| Q3 25 | $58.4M | $115.1M | ||
| Q2 25 | $66.3M | $107.0M | ||
| Q1 25 | $68.8M | $84.5M | ||
| Q4 24 | $53.1M | $75.3M | ||
| Q3 24 | $58.4M | $77.7M | ||
| Q2 24 | $55.8M | $75.9M |
| Q1 26 | — | $-4.7M | ||
| Q4 25 | $26.9M | $-3.5M | ||
| Q3 25 | $-222.0M | $-10.9M | ||
| Q2 25 | $20.6M | $2.6M | ||
| Q1 25 | $23.9M | $8.4M | ||
| Q4 24 | $-10.9M | $30.5M | ||
| Q3 24 | $18.2M | $14.4M | ||
| Q2 24 | $14.1M | $-64.3M |
| Q1 26 | — | 52.7% | ||
| Q4 25 | — | 99.5% | ||
| Q3 25 | — | 75.6% | ||
| Q2 25 | — | 70.9% | ||
| Q1 25 | — | 77.4% | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 79.4% | ||
| Q2 24 | — | 22.1% |
| Q1 26 | — | 34.7% | ||
| Q4 25 | 51.5% | 14.7% | ||
| Q3 25 | -490.4% | 14.2% | ||
| Q2 25 | 36.8% | 4.7% | ||
| Q1 25 | 40.8% | -1.5% | ||
| Q4 24 | -41.3% | 33.3% | ||
| Q3 24 | 31.0% | -3.2% | ||
| Q2 24 | 28.5% | -69.2% |
| Q1 26 | — | -3.9% | ||
| Q4 25 | 42.4% | -3.1% | ||
| Q3 25 | -380.2% | -9.4% | ||
| Q2 25 | 31.1% | 2.4% | ||
| Q1 25 | 34.8% | 9.9% | ||
| Q4 24 | -20.5% | 40.5% | ||
| Q3 24 | 31.1% | 18.5% | ||
| Q2 24 | 25.4% | -84.8% |
| Q1 26 | — | $-0.04 | ||
| Q4 25 | $0.44 | $0.00 | ||
| Q3 25 | $-4.69 | $-0.10 | ||
| Q2 25 | $0.47 | $0.00 | ||
| Q1 25 | $0.54 | $0.07 | ||
| Q4 24 | $-0.25 | $0.34 | ||
| Q3 24 | $0.41 | $0.12 | ||
| Q2 24 | $0.32 | $-0.65 |
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 | $68.4M |
| Total DebtLower is stronger | $248.6M | $391.3M |
| Stockholders' EquityBook value | $688.3M | $26.3M |
| Total Assets | $6.4B | $806.6M |
| Debt / EquityLower = less leverage | 0.36× | 14.87× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $68.4M | ||
| Q4 25 | $139.5M | $57.3M | ||
| Q3 25 | $458.3M | $85.0M | ||
| Q2 25 | $137.9M | $79.8M | ||
| Q1 25 | $169.7M | $70.4M | ||
| Q4 24 | $293.4M | $191.7M | ||
| Q3 24 | $234.8M | $238.6M | ||
| Q2 24 | $146.1M | $308.4M |
| Q1 26 | — | $391.3M | ||
| Q4 25 | $248.6M | $392.8M | ||
| Q3 25 | — | $387.1M | ||
| Q2 25 | — | $394.1M | ||
| Q1 25 | — | $409.2M | ||
| Q4 24 | $1.2B | $403.9M | ||
| Q3 24 | — | $399.0M | ||
| Q2 24 | — | $436.8M |
| Q1 26 | — | $26.3M | ||
| Q4 25 | $688.3M | $-24.6M | ||
| Q3 25 | $660.8M | $-27.9M | ||
| Q2 25 | $790.9M | $-29.3M | ||
| Q1 25 | $776.1M | $-52.4M | ||
| Q4 24 | $763.6M | $-43.2M | ||
| Q3 24 | $754.8M | $-77.0M | ||
| Q2 24 | $726.7M | $-101.9M |
| Q1 26 | — | $806.6M | ||
| Q4 25 | $6.4B | $797.4M | ||
| Q3 25 | $6.7B | $787.7M | ||
| Q2 25 | $7.7B | $770.7M | ||
| Q1 25 | $7.6B | $802.3M | ||
| Q4 24 | $7.8B | $814.0M | ||
| Q3 24 | $7.9B | $867.3M | ||
| Q2 24 | $7.9B | $876.1M |
| Q1 26 | — | 14.87× | ||
| Q4 25 | 0.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.61× | — | ||
| 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 | $79.2M | — |
| Free Cash FlowOCF − Capex | $74.3M | — |
| FCF MarginFCF / Revenue | 117.0% | — |
| Capex IntensityCapex / Revenue | 7.8% | — |
| Cash ConversionOCF / Net Profit | 2.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $115.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $79.2M | $1.2M | ||
| Q3 25 | $10.9M | $40.8M | ||
| Q2 25 | $19.5M | $35.6M | ||
| Q1 25 | $15.2M | $-11.2M | ||
| Q4 24 | $6.4M | $-26.6M | ||
| Q3 24 | $32.3M | $12.4M | ||
| Q2 24 | $15.9M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | $74.3M | $1.1M | ||
| Q3 25 | $9.4M | $40.7M | ||
| Q2 25 | $18.1M | $35.4M | ||
| Q1 25 | $14.1M | $-11.2M | ||
| Q4 24 | $1.3M | $-26.8M | ||
| Q3 24 | $31.0M | $12.2M | ||
| Q2 24 | $15.1M | $-26.0M |
| Q1 26 | — | — | ||
| Q4 25 | 117.0% | 1.0% | ||
| Q3 25 | 16.1% | 35.4% | ||
| Q2 25 | 27.3% | 33.0% | ||
| Q1 25 | 20.5% | -13.3% | ||
| Q4 24 | 2.4% | -35.6% | ||
| Q3 24 | 53.1% | 15.7% | ||
| Q2 24 | 27.1% | -34.3% |
| Q1 26 | — | — | ||
| Q4 25 | 7.8% | 0.1% | ||
| Q3 25 | 2.6% | 0.1% | ||
| Q2 25 | 2.1% | 0.2% | ||
| Q1 25 | 1.6% | 0.1% | ||
| Q4 24 | 9.6% | 0.3% | ||
| Q3 24 | 2.2% | 0.3% | ||
| Q2 24 | 1.5% | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.94× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 0.94× | 13.79× | ||
| Q1 25 | 0.64× | -1.33× | ||
| Q4 24 | — | -0.87× | ||
| Q3 24 | 1.78× | 0.86× | ||
| Q2 24 | 1.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
