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Side-by-side financial comparison of HORIZON BANCORP INC (HBNC) and SILICOM LTD. (SILC). Click either name above to swap in a different company.

HORIZON BANCORP INC is the larger business by last-quarter revenue ($63.5M vs $61.9M, roughly 1.0× SILICOM LTD.). HORIZON BANCORP INC runs the higher net margin — 42.4% vs -18.5%, a 60.9% gap on every dollar of revenue. On growth, HORIZON BANCORP INC posted the faster year-over-year revenue change (19.5% vs 6.6%). HORIZON BANCORP INC produced more free cash flow last quarter ($74.3M vs $-3.3M).

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.

Silicom Ltd. is a publicly traded company, headquartered in Israel, that specializes in the design, manufacture and marketing of connectivity solutions for a range of servers and server-based systems. Its shares are listed on the NASDAQ Global Market and on the Tel Aviv Stock Exchange. Silicom is a member of the RAD Group family of companies.

HBNC vs SILC — Head-to-Head

Bigger by revenue
HBNC
HBNC
1.0× larger
HBNC
$63.5M
$61.9M
SILC
Growing faster (revenue YoY)
HBNC
HBNC
+12.9% gap
HBNC
19.5%
6.6%
SILC
Higher net margin
HBNC
HBNC
60.9% more per $
HBNC
42.4%
-18.5%
SILC
More free cash flow
HBNC
HBNC
$77.6M more FCF
HBNC
$74.3M
$-3.3M
SILC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HBNC
HBNC
SILC
SILC
Revenue
$63.5M
$61.9M
Net Profit
$26.9M
$-11.5M
Gross Margin
30.6%
Operating Margin
51.5%
-19.8%
Net Margin
42.4%
-18.5%
Revenue YoY
19.5%
6.6%
Net Profit YoY
347.4%
16.3%
EPS (diluted)
$0.44
$-2.01

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
SILC
SILC
Q4 25
$63.5M
$61.9M
Q3 25
$58.4M
Q2 25
$66.3M
Q1 25
$68.8M
Q4 24
$53.1M
$58.1M
Q3 24
$58.4M
Q2 24
$55.8M
Q1 24
$53.2M
Net Profit
HBNC
HBNC
SILC
SILC
Q4 25
$26.9M
$-11.5M
Q3 25
$-222.0M
Q2 25
$20.6M
Q1 25
$23.9M
Q4 24
$-10.9M
$-13.7M
Q3 24
$18.2M
Q2 24
$14.1M
Q1 24
$14.0M
Gross Margin
HBNC
HBNC
SILC
SILC
Q4 25
30.6%
Q3 25
Q2 25
Q1 25
Q4 24
28.6%
Q3 24
Q2 24
Q1 24
Operating Margin
HBNC
HBNC
SILC
SILC
Q4 25
51.5%
-19.8%
Q3 25
-490.4%
Q2 25
36.8%
Q1 25
40.8%
Q4 24
-41.3%
-22.8%
Q3 24
31.0%
Q2 24
28.5%
Q1 24
28.8%
Net Margin
HBNC
HBNC
SILC
SILC
Q4 25
42.4%
-18.5%
Q3 25
-380.2%
Q2 25
31.1%
Q1 25
34.8%
Q4 24
-20.5%
-23.6%
Q3 24
31.1%
Q2 24
25.4%
Q1 24
26.3%
EPS (diluted)
HBNC
HBNC
SILC
SILC
Q4 25
$0.44
$-2.01
Q3 25
$-4.69
Q2 25
$0.47
Q1 25
$0.54
Q4 24
$-0.25
$-2.28
Q3 24
$0.41
Q2 24
$0.32
Q1 24
$0.32

Balance Sheet & Financial Strength

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

Metric
HBNC
HBNC
SILC
SILC
Cash + ST InvestmentsLiquidity on hand
$139.5M
$42.1M
Total DebtLower is stronger
$248.6M
Stockholders' EquityBook value
$688.3M
$117.5M
Total Assets
$6.4B
$152.2M
Debt / EquityLower = less leverage
0.36×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HBNC
HBNC
SILC
SILC
Q4 25
$139.5M
$42.1M
Q3 25
$458.3M
Q2 25
$137.9M
Q1 25
$169.7M
Q4 24
$293.4M
$72.1M
Q3 24
$234.8M
Q2 24
$146.1M
Q1 24
Total Debt
HBNC
HBNC
SILC
SILC
Q4 25
$248.6M
Q3 25
Q2 25
Q1 25
Q4 24
$1.2B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
HBNC
HBNC
SILC
SILC
Q4 25
$688.3M
$117.5M
Q3 25
$660.8M
Q2 25
$790.9M
Q1 25
$776.1M
Q4 24
$763.6M
$127.8M
Q3 24
$754.8M
Q2 24
$726.7M
Q1 24
$721.3M
Total Assets
HBNC
HBNC
SILC
SILC
Q4 25
$6.4B
$152.2M
Q3 25
$6.7B
Q2 25
$7.7B
Q1 25
$7.6B
Q4 24
$7.8B
$150.4M
Q3 24
$7.9B
Q2 24
$7.9B
Q1 24
$7.9B
Debt / Equity
HBNC
HBNC
SILC
SILC
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
HBNC
HBNC
SILC
SILC
Operating Cash FlowLast quarter
$79.2M
$-2.2M
Free Cash FlowOCF − Capex
$74.3M
$-3.3M
FCF MarginFCF / Revenue
117.0%
-5.4%
Capex IntensityCapex / Revenue
7.8%
1.9%
Cash ConversionOCF / Net Profit
2.94×
TTM Free Cash FlowTrailing 4 quarters
$115.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HBNC
HBNC
SILC
SILC
Q4 25
$79.2M
$-2.2M
Q3 25
$10.9M
Q2 25
$19.5M
Q1 25
$15.2M
Q4 24
$6.4M
$18.3M
Q3 24
$32.3M
Q2 24
$15.9M
Q1 24
$6.5M
Free Cash Flow
HBNC
HBNC
SILC
SILC
Q4 25
$74.3M
$-3.3M
Q3 25
$9.4M
Q2 25
$18.1M
Q1 25
$14.1M
Q4 24
$1.3M
$17.4M
Q3 24
$31.0M
Q2 24
$15.1M
Q1 24
$5.4M
FCF Margin
HBNC
HBNC
SILC
SILC
Q4 25
117.0%
-5.4%
Q3 25
16.1%
Q2 25
27.3%
Q1 25
20.5%
Q4 24
2.4%
29.9%
Q3 24
53.1%
Q2 24
27.1%
Q1 24
10.1%
Capex Intensity
HBNC
HBNC
SILC
SILC
Q4 25
7.8%
1.9%
Q3 25
2.6%
Q2 25
2.1%
Q1 25
1.6%
Q4 24
9.6%
1.6%
Q3 24
2.2%
Q2 24
1.5%
Q1 24
2.2%
Cash Conversion
HBNC
HBNC
SILC
SILC
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.

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