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Side-by-side financial comparison of FIRST FINANCIAL CORP (THFF) and Valneva SE (VALN). Click either name above to swap in a different company.

FIRST FINANCIAL CORP is the larger business by last-quarter revenue ($70.5M vs $36.2M, roughly 1.9× Valneva SE). FIRST FINANCIAL CORP runs the higher net margin — 30.4% vs -54.1%, a 84.5% gap on every dollar of revenue.

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

Valneva SE is a specialty vaccine company registered in Saint-Herblain, France, developing, producing and commercializing vaccines for infectious diseases. It has manufacturing sites in Livingston, Scotland; Solna, Sweden, and Vienna, Austria; with other offices in France, Canada and the United States.

THFF vs VALN — Head-to-Head

Bigger by revenue
THFF
THFF
1.9× larger
THFF
$70.5M
$36.2M
VALN
Higher net margin
THFF
THFF
84.5% more per $
THFF
30.4%
-54.1%
VALN

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
THFF
THFF
VALN
VALN
Revenue
$70.5M
$36.2M
Net Profit
$21.5M
$-19.6M
Gross Margin
38.9%
Operating Margin
37.4%
-49.5%
Net Margin
30.4%
-54.1%
Revenue YoY
14.1%
Net Profit YoY
32.1%
EPS (diluted)
$1.81

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
VALN
VALN
Q4 25
$70.5M
Q3 25
$65.8M
Q2 25
$63.1M
Q1 25
$62.5M
Q4 24
$61.8M
Q3 24
$58.4M
Q2 24
$49.2M
Q1 24
$48.4M
Net Profit
THFF
THFF
VALN
VALN
Q4 25
$21.5M
Q3 25
$20.8M
Q2 25
$18.6M
Q1 25
$18.4M
Q4 24
$16.2M
Q3 24
$8.7M
Q2 24
$11.4M
Q1 24
$10.9M
Operating Margin
THFF
THFF
VALN
VALN
Q4 25
37.4%
Q3 25
39.2%
Q2 25
36.2%
Q1 25
38.1%
Q4 24
32.4%
Q3 24
17.9%
Q2 24
27.6%
Q1 24
27.2%
Net Margin
THFF
THFF
VALN
VALN
Q4 25
30.4%
Q3 25
31.6%
Q2 25
29.5%
Q1 25
29.5%
Q4 24
26.3%
Q3 24
15.0%
Q2 24
23.1%
Q1 24
22.6%
EPS (diluted)
THFF
THFF
VALN
VALN
Q4 25
$1.81
Q3 25
$1.75
Q2 25
$1.57
Q1 25
$1.55
Q4 24
$1.37
Q3 24
$0.74
Q2 24
$0.96
Q1 24
$0.93

Balance Sheet & Financial Strength

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

Metric
THFF
THFF
VALN
VALN
Cash + ST InvestmentsLiquidity on hand
$274.8M
Total DebtLower is stronger
$188.2M
Stockholders' EquityBook value
$650.9M
$221.2M
Total Assets
$5.8B
$637.2M
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Total Debt
THFF
THFF
VALN
VALN
Q4 25
$188.2M
Q3 25
$170.5M
Q2 25
$122.7M
Q1 25
$124.9M
Q4 24
$28.1M
Q3 24
$30.5M
Q2 24
$108.6M
Q1 24
$58.6M
Stockholders' Equity
THFF
THFF
VALN
VALN
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
VALN
VALN
Q4 25
$5.8B
Q3 25
$5.7B
Q2 25
$5.6B
Q1 25
$5.5B
Q4 24
$5.6B
Q3 24
$5.5B
Q2 24
$4.9B
Q1 24
$4.9B
Debt / Equity
THFF
THFF
VALN
VALN
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
VALN
VALN
Operating Cash FlowLast quarter
$90.4M
$-26.3M
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
VALN
VALN
Q4 25
$90.4M
Q3 25
$26.9M
Q2 25
$12.7M
Q1 25
$21.1M
Q4 24
$60.4M
Q3 24
$23.3M
Q2 24
$8.8M
Q1 24
$12.4M
Free Cash Flow
THFF
THFF
VALN
VALN
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
VALN
VALN
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
VALN
VALN
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
VALN
VALN
Q4 25
4.21×
Q3 25
1.29×
Q2 25
0.68×
Q1 25
1.14×
Q4 24
3.72×
Q3 24
2.67×
Q2 24
0.77×
Q1 24
1.14×

Financial Flow Comparison

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

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