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Side-by-side financial comparison of FIRST FINANCIAL CORP (THFF) and TXO Partners, L.P. (TXO). Click either name above to swap in a different company.

TXO Partners, L.P. is the larger business by last-quarter revenue ($103.7M vs $70.5M, roughly 1.5× FIRST FINANCIAL CORP). FIRST FINANCIAL CORP runs the higher net margin — 30.4% vs -27.2%, a 57.6% gap on every dollar of revenue. On growth, TXO Partners, L.P. posted the faster year-over-year revenue change (14.5% vs 14.1%). Over the past eight quarters, TXO Partners, L.P.'s revenue compounded faster (23.1% CAGR vs 20.8%).

First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.

TXO Partners, L.P. is a U.S.-based energy sector master limited partnership. It acquires, develops and manages oil and natural gas assets across key North American production basins, with operations covering upstream exploration, production and midstream transportation, serving industrial, utility and wholesale energy clients.

THFF vs TXO — Head-to-Head

Bigger by revenue
TXO
TXO
1.5× larger
TXO
$103.7M
$70.5M
THFF
Growing faster (revenue YoY)
TXO
TXO
+0.3% gap
TXO
14.5%
14.1%
THFF
Higher net margin
THFF
THFF
57.6% more per $
THFF
30.4%
-27.2%
TXO
Faster 2-yr revenue CAGR
TXO
TXO
Annualised
TXO
23.1%
20.8%
THFF

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
THFF
THFF
TXO
TXO
Revenue
$70.5M
$103.7M
Net Profit
$21.5M
$-28.3M
Gross Margin
Operating Margin
37.4%
-26.1%
Net Margin
30.4%
-27.2%
Revenue YoY
14.1%
14.5%
Net Profit YoY
32.1%
-376.5%
EPS (diluted)
$1.81
$-0.57

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
THFF
THFF
TXO
TXO
Q4 25
$70.5M
$103.7M
Q3 25
$65.8M
$90.6M
Q2 25
$63.1M
$75.0M
Q1 25
$62.5M
$93.8M
Q4 24
$61.8M
$90.6M
Q3 24
$58.4M
$69.3M
Q2 24
$49.2M
$57.0M
Q1 24
$48.4M
$68.5M
Net Profit
THFF
THFF
TXO
TXO
Q4 25
$21.5M
$-28.3M
Q3 25
$20.8M
$4.4M
Q2 25
$18.6M
$-135.0K
Q1 25
$18.4M
$2.4M
Q4 24
$16.2M
$10.2M
Q3 24
$8.7M
$203.0K
Q2 24
$11.4M
$2.8M
Q1 24
$10.9M
$10.3M
Operating Margin
THFF
THFF
TXO
TXO
Q4 25
37.4%
-26.1%
Q3 25
39.2%
4.2%
Q2 25
36.2%
-5.0%
Q1 25
38.1%
-3.8%
Q4 24
32.4%
6.1%
Q3 24
17.9%
-7.2%
Q2 24
27.6%
-17.7%
Q1 24
27.2%
3.9%
Net Margin
THFF
THFF
TXO
TXO
Q4 25
30.4%
-27.2%
Q3 25
31.6%
4.8%
Q2 25
29.5%
-0.2%
Q1 25
29.5%
2.6%
Q4 24
26.3%
11.3%
Q3 24
15.0%
0.3%
Q2 24
23.1%
4.9%
Q1 24
22.6%
15.0%
EPS (diluted)
THFF
THFF
TXO
TXO
Q4 25
$1.81
$-0.57
Q3 25
$1.75
$0.08
Q2 25
$1.57
$0.00
Q1 25
$1.55
$0.06
Q4 24
$1.37
$0.22
Q3 24
$0.74
$0.01
Q2 24
$0.96
$0.09
Q1 24
$0.93
$0.33

Balance Sheet & Financial Strength

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

Metric
THFF
THFF
TXO
TXO
Cash + ST InvestmentsLiquidity on hand
$9.4M
Total DebtLower is stronger
$188.2M
$291.1M
Stockholders' EquityBook value
$650.9M
Total Assets
$5.8B
$1.4B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
THFF
THFF
TXO
TXO
Q4 25
$9.4M
Q3 25
$5.3M
Q2 25
$8.0M
Q1 25
$10.8M
Q4 24
$7.3M
Q3 24
$3.8M
Q2 24
$76.0M
Q1 24
$4.6M
Total Debt
THFF
THFF
TXO
TXO
Q4 25
$188.2M
$291.1M
Q3 25
$170.5M
$271.1M
Q2 25
$122.7M
$19.1M
Q1 25
$124.9M
$162.1M
Q4 24
$28.1M
$157.1M
Q3 24
$30.5M
$155.1M
Q2 24
$108.6M
$7.1M
Q1 24
$58.6M
$26.1M
Stockholders' Equity
THFF
THFF
TXO
TXO
Q4 25
$650.9M
Q3 25
$622.2M
Q2 25
$587.7M
Q1 25
$571.9M
Q4 24
$549.0M
Q3 24
$566.0M
Q2 24
$530.7M
Q1 24
$520.8M
Total Assets
THFF
THFF
TXO
TXO
Q4 25
$5.8B
$1.4B
Q3 25
$5.7B
$1.4B
Q2 25
$5.6B
$1.0B
Q1 25
$5.5B
$1.0B
Q4 24
$5.6B
$1.0B
Q3 24
$5.5B
$1.0B
Q2 24
$4.9B
$774.5M
Q1 24
$4.9B
$688.2M
Debt / Equity
THFF
THFF
TXO
TXO
Q4 25
0.29×
Q3 25
0.27×
Q2 25
0.21×
Q1 25
0.22×
Q4 24
0.05×
Q3 24
0.05×
Q2 24
0.20×
Q1 24
0.11×

Cash Flow & Capital Efficiency

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

Metric
THFF
THFF
TXO
TXO
Operating Cash FlowLast quarter
$90.4M
$32.5M
Free Cash FlowOCF − Capex
$86.4M
FCF MarginFCF / Revenue
122.5%
Capex IntensityCapex / Revenue
5.6%
Cash ConversionOCF / Net Profit
4.21×
TTM Free Cash FlowTrailing 4 quarters
$144.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
THFF
THFF
TXO
TXO
Q4 25
$90.4M
$32.5M
Q3 25
$26.9M
$28.3M
Q2 25
$12.7M
$26.9M
Q1 25
$21.1M
$30.6M
Q4 24
$60.4M
$40.5M
Q3 24
$23.3M
$20.7M
Q2 24
$8.8M
$22.9M
Q1 24
$12.4M
$25.2M
Free Cash Flow
THFF
THFF
TXO
TXO
Q4 25
$86.4M
Q3 25
$25.8M
Q2 25
$11.6M
Q1 25
$20.5M
Q4 24
$54.3M
Q3 24
$19.5M
Q2 24
$8.4M
Q1 24
$11.5M
FCF Margin
THFF
THFF
TXO
TXO
Q4 25
122.5%
Q3 25
39.2%
Q2 25
18.4%
Q1 25
32.8%
Q4 24
87.8%
Q3 24
33.5%
Q2 24
17.2%
Q1 24
23.7%
Capex Intensity
THFF
THFF
TXO
TXO
Q4 25
5.6%
Q3 25
1.7%
Q2 25
1.8%
Q1 25
0.9%
Q4 24
9.9%
Q3 24
6.5%
Q2 24
0.7%
Q1 24
2.0%
Cash Conversion
THFF
THFF
TXO
TXO
Q4 25
4.21×
Q3 25
1.29×
6.50×
Q2 25
0.68×
Q1 25
1.14×
12.67×
Q4 24
3.72×
3.96×
Q3 24
2.67×
102.02×
Q2 24
0.77×
8.15×
Q1 24
1.14×
2.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

THFF
THFF

Segment breakdown not available.

TXO
TXO

Oil And Condensate$92.8M89%
Natural Gas Liquids Reserves$8.2M8%
Other$2.8M3%

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