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Side-by-side financial comparison of Business First Bancshares, Inc. (BFST) and MARKEL GROUP INC. (MKL), based on the latest 10-Q / 10-K filings. Click either name above to swap in a different company.
MARKEL GROUP INC. is the larger business by last-quarter revenue ($3.6B vs $2.6M, roughly 1351.8× Business First Bancshares, Inc.). On growth, MARKEL GROUP INC. posted the faster year-over-year revenue change (-6.9% vs -8.1%). MARKEL GROUP INC. produced more free cash flow last quarter ($599.1M vs $15.4M). Over the past eight quarters, Business First Bancshares, Inc.'s revenue compounded faster (4.2% CAGR vs -10.5%).
First Citizens Bancshares, Inc. is a bank holding company based in Raleigh, North Carolina and one of the largest banks in the United States. Its primary subsidiary is First Citizens Bank, which operates over 500 branches in 23 states. A second subsidiary is Silicon Valley Bank, which operates 39 offices in 15 states.
Markel Group Inc. is a group of companies headquartered in Richmond, Virginia, and originally founded in 1930 as an insurance company.
BFST vs MKL — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $2.6M | $3.6B |
| Net Profit | — | $576.8M |
| Gross Margin | — | — |
| Operating Margin | — | 22.2% |
| Net Margin | — | 16.1% |
| Revenue YoY | -8.1% | -6.9% |
| Net Profit YoY | — | 5.0% |
| EPS (diluted) | $0.71 | $48.22 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align — see 8-quarter trend below.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history — bar widths are scaled to the larger of the two companies so you can eyeball the size gap and growth trajectory without doing math. Quarters aligned by calendar period (report date) so offset fiscal years line up.
| Q4 25 | $2.6M | $3.6B | ||
| Q3 25 | $2.6M | $3.9B | ||
| Q2 25 | $2.6M | $4.6B | ||
| Q1 25 | $2.9M | $3.4B | ||
| Q4 24 | $2.9M | $3.8B | ||
| Q3 24 | $2.7M | $4.6B | ||
| Q2 24 | $2.5M | $3.7B | ||
| Q1 24 | $2.4M | $4.5B |
| Q4 25 | — | $576.8M | ||
| Q3 25 | $22.9M | $751.3M | ||
| Q2 25 | $22.1M | $657.1M | ||
| Q1 25 | $20.5M | $121.7M | ||
| Q4 24 | — | $549.2M | ||
| Q3 24 | $17.8M | $905.0M | ||
| Q2 24 | $17.2M | $267.7M | ||
| Q1 24 | $13.6M | $1.0B |
| Q4 25 | — | 22.2% | ||
| Q3 25 | — | 25.7% | ||
| Q2 25 | — | 24.1% | ||
| Q1 25 | — | 8.3% | ||
| Q4 24 | — | 15.5% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 11.1% | ||
| Q1 24 | — | 29.9% |
| Q4 25 | — | 16.1% | ||
| Q3 25 | 891.1% | 19.1% | ||
| Q2 25 | 839.5% | 14.3% | ||
| Q1 25 | 718.3% | 3.6% | ||
| Q4 24 | — | 14.3% | ||
| Q3 24 | 655.3% | 19.6% | ||
| Q2 24 | 678.2% | 7.2% | ||
| Q1 24 | 556.4% | 23.0% |
| Q4 25 | $0.71 | $48.22 | ||
| Q3 25 | $0.73 | $59.25 | ||
| Q2 25 | $0.70 | $49.67 | ||
| Q1 25 | $0.65 | $12.08 | ||
| Q4 24 | $0.51 | $39.02 | ||
| Q3 24 | $0.65 | $66.25 | ||
| Q2 24 | $0.62 | $18.62 | ||
| Q1 24 | $0.48 | $75.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest filing — the kind of financial-strength check premium terminals charge for.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $411.2M | $4.0B |
| Total DebtLower is stronger | — | $4.3B |
| Stockholders' EquityBook value | $896.9M | $18.6B |
| Total Assets | $8.2B | $68.9B |
| Debt / EquityLower = less leverage | — | 0.23× |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $411.2M | $4.0B | ||
| Q3 25 | $399.1M | $4.0B | ||
| Q2 25 | $495.8M | $3.7B | ||
| Q1 25 | $312.9M | $4.2B | ||
| Q4 24 | $319.1M | $3.7B | ||
| Q3 24 | $213.2M | $3.9B | ||
| Q2 24 | $208.1M | $3.5B | ||
| Q1 24 | $185.9M | $3.6B |
| Q4 25 | — | $4.3B | ||
| Q3 25 | — | $4.3B | ||
| Q2 25 | — | $4.4B | ||
| Q1 25 | — | $4.4B | ||
| Q4 24 | — | $4.3B | ||
| Q3 24 | — | $4.4B | ||
| Q2 24 | — | $4.4B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | $896.9M | $18.6B | ||
| Q3 25 | $878.4M | $18.0B | ||
| Q2 25 | $848.4M | $17.3B | ||
| Q1 25 | $826.3M | $17.1B | ||
| Q4 24 | $799.5M | $16.9B | ||
| Q3 24 | $699.5M | $17.0B | ||
| Q2 24 | $664.5M | $15.9B | ||
| Q1 24 | $649.0M | $15.7B |
| Q4 25 | $8.2B | $68.9B | ||
| Q3 25 | $8.0B | $67.4B | ||
| Q2 25 | $7.9B | $66.8B | ||
| Q1 25 | $7.8B | $64.6B | ||
| Q4 24 | $7.9B | $61.9B | ||
| Q3 24 | $6.9B | $62.3B | ||
| Q2 24 | $6.7B | $59.7B | ||
| Q1 24 | $6.7B | $57.3B |
| Q4 25 | — | 0.23× | ||
| Q3 25 | — | 0.24× | ||
| Q2 25 | — | 0.25× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.26× | ||
| Q2 24 | — | 0.28× | ||
| Q1 24 | — | 0.25× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Net income can be massaged; cash flow is harder to fake.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $16.9M | $662.2M |
| Free Cash FlowOCF − Capex | $15.4M | $599.1M |
| FCF MarginFCF / Revenue | 580.9% | 16.7% |
| Capex IntensityCapex / Revenue; lower = less reinvestment burden | 58.8% | 1.8% |
| Cash ConversionOCF / Net Profit; >1× = earnings back up with cash | — | 1.15× |
| TTM Free Cash FlowTrailing 4 quarters | $88.9M | $2.6B |
8-quarter trend — quarters aligned by calendar period so offset fiscal years match up.
| Q4 25 | $16.9M | $662.2M | ||
| Q3 25 | $32.4M | $1.2B | ||
| Q2 25 | $14.0M | $504.4M | ||
| Q1 25 | $28.7M | $376.2M | ||
| Q4 24 | $17.3M | $493.9M | ||
| Q3 24 | $21.4M | $890.8M | ||
| Q2 24 | $15.1M | $578.6M | ||
| Q1 24 | $7.6M | $630.7M |
| Q4 25 | $15.4M | $599.1M | ||
| Q3 25 | $32.1M | $1.2B | ||
| Q2 25 | $13.8M | $453.8M | ||
| Q1 25 | $27.7M | $335.5M | ||
| Q4 24 | $17.1M | $420.0M | ||
| Q3 24 | $21.0M | $838.9M | ||
| Q2 24 | $14.0M | $521.4M | ||
| Q1 24 | $7.2M | $558.7M |
| Q4 25 | 580.9% | 16.7% | ||
| Q3 25 | 1250.5% | 29.6% | ||
| Q2 25 | 524.1% | 9.9% | ||
| Q1 25 | 967.1% | 9.9% | ||
| Q4 24 | 592.8% | 10.9% | ||
| Q3 24 | 771.6% | 18.2% | ||
| Q2 24 | 552.2% | 14.1% | ||
| Q1 24 | 295.8% | 12.5% |
| Q4 25 | 58.8% | 1.8% | ||
| Q3 25 | 13.0% | 1.3% | ||
| Q2 25 | 8.4% | 1.1% | ||
| Q1 25 | 37.3% | 1.2% | ||
| Q4 24 | 9.6% | 1.9% | ||
| Q3 24 | 14.4% | 1.1% | ||
| Q2 24 | 41.6% | 1.5% | ||
| Q1 24 | 15.9% | 1.6% |
| Q4 25 | — | 1.15× | ||
| Q3 25 | 1.42× | 1.62× | ||
| Q2 25 | 0.63× | 0.77× | ||
| Q1 25 | 1.40× | 3.09× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | 1.20× | 0.98× | ||
| Q2 24 | 0.88× | 2.16× | ||
| Q1 24 | 0.56× | 0.62× |
Financial Flow Comparison
Sankey diagram of revenue → gross profit → operating profit → net profit for each company. Charts shown full-width and stacked so both segment hierarchies are readable side-by-side on desktop and mobile.
Revenue Breakdown by Segment
BFST
Segment breakdown not available.
MKL
| Industrial | $1.6B | 45% |
| Consumer And Other | $958.3M | 27% |
| Financial | $737.0M | 21% |
| Other | $198.8M | 6% |
| Corporate Operations | $52.0M | 1% |
| Revenue From Contract With Customer | $10.5M | 0% |
