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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) and READING INTERNATIONAL INC (RDI). Click either name above to swap in a different company.
HORIZON BANCORP INC is the larger business by last-quarter revenue ($63.5M vs $50.3M, roughly 1.3× READING INTERNATIONAL INC). HORIZON BANCORP INC runs the higher net margin — 42.4% vs -5.1%, a 47.5% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs -14.2%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $4.1M). Over the past eight quarters, HORIZON BANCORP INC's revenue compounded faster (9.2% CAGR vs 5.6%).
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.
The Reading Company was a Philadelphia-headquartered railroad that provided passenger and freight transport in eastern Pennsylvania and neighboring states from 1924 until its acquisition by Conrail in 1976.
HBNC vs RDI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $63.5M | $50.3M |
| Net Profit | $26.9M | $-2.6M |
| Gross Margin | — | — |
| Operating Margin | 51.5% | -1.9% |
| Net Margin | 42.4% | -5.1% |
| Revenue YoY | 19.5% | -14.2% |
| Net Profit YoY | 347.4% | -14.5% |
| EPS (diluted) | $0.44 | $-0.11 |
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 | $50.3M | ||
| Q3 25 | $58.4M | $52.2M | ||
| Q2 25 | $66.3M | $60.4M | ||
| Q1 25 | $68.8M | $40.2M | ||
| Q4 24 | $53.1M | $58.6M | ||
| Q3 24 | $58.4M | $60.1M | ||
| Q2 24 | $55.8M | $46.8M | ||
| Q1 24 | $53.2M | $45.1M |
| Q4 25 | $26.9M | $-2.6M | ||
| Q3 25 | $-222.0M | $-4.2M | ||
| Q2 25 | $20.6M | $-2.7M | ||
| Q1 25 | $23.9M | $-4.8M | ||
| Q4 24 | $-10.9M | $-2.2M | ||
| Q3 24 | $18.2M | $-7.0M | ||
| Q2 24 | $14.1M | $-12.8M | ||
| Q1 24 | $14.0M | $-13.2M |
| Q4 25 | 51.5% | -1.9% | ||
| Q3 25 | -490.4% | -0.6% | ||
| Q2 25 | 36.8% | 4.8% | ||
| Q1 25 | 40.8% | -17.2% | ||
| Q4 24 | -41.3% | 2.6% | ||
| Q3 24 | 31.0% | -0.6% | ||
| Q2 24 | 28.5% | -16.4% | ||
| Q1 24 | 28.8% | -16.7% |
| Q4 25 | 42.4% | -5.1% | ||
| Q3 25 | -380.2% | -8.0% | ||
| Q2 25 | 31.1% | -4.4% | ||
| Q1 25 | 34.8% | -11.8% | ||
| Q4 24 | -20.5% | -3.8% | ||
| Q3 24 | 31.1% | -11.7% | ||
| Q2 24 | 25.4% | -27.4% | ||
| Q1 24 | 26.3% | -29.4% |
| Q4 25 | $0.44 | $-0.11 | ||
| Q3 25 | $-4.69 | $-0.18 | ||
| Q2 25 | $0.47 | $-0.12 | ||
| Q1 25 | $0.54 | $-0.21 | ||
| Q4 24 | $-0.25 | $-0.11 | ||
| Q3 24 | $0.41 | $-0.31 | ||
| Q2 24 | $0.32 | $-0.57 | ||
| Q1 24 | $0.32 | $-0.59 |
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 | $10.5M |
| Total DebtLower is stronger | $248.6M | $185.1M |
| Stockholders' EquityBook value | $688.3M | $-18.2M |
| Total Assets | $6.4B | $434.9M |
| Debt / EquityLower = less leverage | 0.36× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $139.5M | $10.5M | ||
| Q3 25 | $458.3M | $8.1M | ||
| Q2 25 | $137.9M | $9.1M | ||
| Q1 25 | $169.7M | $5.9M | ||
| Q4 24 | $293.4M | $12.4M | ||
| Q3 24 | $234.8M | $10.1M | ||
| Q2 24 | $146.1M | $9.3M | ||
| Q1 24 | — | $7.5M |
| Q4 25 | $248.6M | $185.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.2B | $202.7M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $688.3M | $-18.2M | ||
| Q3 25 | $660.8M | $-12.1M | ||
| Q2 25 | $790.9M | $-7.7M | ||
| Q1 25 | $776.1M | $-8.1M | ||
| Q4 24 | $763.6M | $-4.4M | ||
| Q3 24 | $754.8M | $1.6M | ||
| Q2 24 | $726.7M | $6.5M | ||
| Q1 24 | $721.3M | $18.0M |
| Q4 25 | $6.4B | $434.9M | ||
| Q3 25 | $6.7B | $435.2M | ||
| Q2 25 | $7.7B | $438.1M | ||
| Q1 25 | $7.6B | $441.0M | ||
| Q4 24 | $7.8B | $471.0M | ||
| Q3 24 | $7.9B | $495.7M | ||
| Q2 24 | $7.9B | $494.9M | ||
| Q1 24 | $7.9B | $494.9M |
| Q4 25 | 0.36× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.61× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 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 | $4.3M |
| Free Cash FlowOCF − Capex | $74.3M | $4.1M |
| FCF MarginFCF / Revenue | 117.0% | 8.2% |
| Capex IntensityCapex / Revenue | 7.8% | 0.3% |
| Cash ConversionOCF / Net Profit | 2.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $115.9M | $-2.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $79.2M | $4.3M | ||
| Q3 25 | $10.9M | $295.0K | ||
| Q2 25 | $19.5M | $1.6M | ||
| Q1 25 | $15.2M | $-7.7M | ||
| Q4 24 | $6.4M | $8.0M | ||
| Q3 24 | $32.3M | $1.3M | ||
| Q2 24 | $15.9M | $-10.4M | ||
| Q1 24 | $6.5M | $-2.8M |
| Q4 25 | $74.3M | $4.1M | ||
| Q3 25 | $9.4M | $-246.0K | ||
| Q2 25 | $18.1M | $1.2M | ||
| Q1 25 | $14.1M | $-8.0M | ||
| Q4 24 | $1.3M | $7.0M | ||
| Q3 24 | $31.0M | $-1.1M | ||
| Q2 24 | $15.1M | $-10.6M | ||
| Q1 24 | $5.4M | $-4.7M |
| Q4 25 | 117.0% | 8.2% | ||
| Q3 25 | 16.1% | -0.5% | ||
| Q2 25 | 27.3% | 1.9% | ||
| Q1 25 | 20.5% | -19.8% | ||
| Q4 24 | 2.4% | 12.0% | ||
| Q3 24 | 53.1% | -1.8% | ||
| Q2 24 | 27.1% | -22.7% | ||
| Q1 24 | 10.1% | -10.4% |
| Q4 25 | 7.8% | 0.3% | ||
| Q3 25 | 2.6% | 1.0% | ||
| Q2 25 | 2.1% | 0.6% | ||
| Q1 25 | 1.6% | 0.6% | ||
| Q4 24 | 9.6% | 1.7% | ||
| Q3 24 | 2.2% | 4.0% | ||
| Q2 24 | 1.5% | 0.5% | ||
| Q1 24 | 2.2% | 4.3% |
| Q4 25 | 2.94× | — | ||
| Q3 25 | — | — | ||
| 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.
RDI
| Cinema Exhibition Segment | $46.9M | 93% |
| Real Estate Revenue | $3.4M | 7% |
