Business First B Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Business First B's revenue grew 9.0% year-over-year to $10.6M, a solid pace of expansion. This earns a growth score of 54/100.
Business First B has elevated debt relative to equity (D/E of 8.83), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Business First B converts 565.8% of revenue into free cash flow ($59.8M). This strong cash generation earns a score of 100/100.
Business First B's ROE of 8.1% shows moderate profitability relative to equity, earning a score of 33/100. This is down from 11.0% the prior year.
Business First B passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
For every $1 of reported earnings, Business First B generates $0.94 in operating cash flow ($61.4M OCF vs $65.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
This page shows Business First B (BFST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Business First B generated $10.6M in revenue in fiscal year 2024. This represents an increase of 9.0% from the prior year.
Business First B generated $59.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 25.9% from the prior year.
Business First B reported $65.1M in net income in fiscal year 2024. This represents a decrease of 8.4% from the prior year.
Business First B earned $2.26 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 12.7% from the prior year.
Business First B held $319.1M in cash against $0 in long-term debt as of fiscal year 2024.
Business First B paid $0.56 per share in dividends in fiscal year 2024. This represents an increase of 12.0% from the prior year.
Business First B had 30M shares outstanding in fiscal year 2024. This represents an increase of 16.6% from the prior year.
Business First B's net profit margin was 615.5% in fiscal year 2024, showing the share of revenue converted to profit. This is down 116.5 percentage points from the prior year.
Business First B's ROE was 8.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 2.9 percentage points from the prior year.
Business First B invested $1.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 86.6% from the prior year.
BFST Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M-2.6% | $2.6M-7.9% | $2.9M-0.6% | $2.9M+13.4% | $2.5M+4.0% | $2.4M-1.3% | $2.5M-2.8% | $2.5M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $49.4M+3.4% | $47.8M+0.2% | $47.7M-5.4% | $50.4M+9.9% | $45.9M+3.1% | $44.5M+8.7% | $40.9M+7.6% | $38.0M |
| Income Tax | $6.0M+1.7% | $5.9M+12.3% | $5.3M+9.6% | $4.8M+5.6% | $4.6M+25.3% | $3.6M-19.4% | $4.5M-18.1% | $5.5M |
| Net Income | $22.9M+3.4% | $22.1M+7.6% | $20.5M+24.6% | $16.5M-4.2% | $17.2M+26.8% | $13.6M-14.2% | $15.8M-22.6% | $20.5M |
| EPS (Diluted) | $0.73+4.3% | $0.70+7.7% | $0.65+27.5% | $0.51-17.7% | $0.62+29.2% | $0.48-14.3% | $0.56-26.3% | $0.76 |
BFST Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.0B+0.1% | $7.9B+2.1% | $7.8B-0.9% | $7.9B+17.2% | $6.7B+0.1% | $6.7B+1.7% | $6.6B+1.5% | $6.5B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $399.1M-19.5% | $495.8M+58.4% | $312.9M-1.9% | $319.1M+53.4% | $208.1M+11.9% | $185.9M-17.8% | $226.1M+18.1% | $191.5M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $121.1M0.0% | $121.1M-0.4% | $121.7M+0.1% | $121.6M+32.8% | $91.5M0.0% | $91.5M+3.5% | $88.4M0.0% | $88.4M |
| Total Liabilities | $7.1B-0.3% | $7.1B+2.0% | $7.0B-1.4% | $7.1B+16.9% | $6.0B-0.1% | $6.0B+1.8% | $5.9B+0.9% | $5.9B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $878.4M+3.5% | $848.4M+2.7% | $826.3M+3.4% | $799.5M+20.3% | $664.5M+2.4% | $649.0M+0.7% | $644.3M+6.6% | $604.4M |
| Retained Earnings | $310.0M+5.9% | $292.6M+6.0% | $276.0M+5.8% | $261.0M+10.1% | $237.0M+5.5% | $224.7M+4.0% | $216.1M+5.3% | $205.2M |
BFST Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $32.4M+131.1% | $14.0M-51.2% | $28.7M+65.8% | $17.3M+15.0% | $15.1M+98.1% | $7.6M-64.3% | $21.3M-5.0% | $22.4M |
| Capital Expenditures | $334K+50.5% | $222K-79.2% | $1.1M+488.0% | -$275K-126.1% | $1.1M+171.2% | $389K-93.4% | $5.9M+70.5% | $3.5M |
| Free Cash Flow | $32.1M+132.4% | $13.8M-50.1% | $27.7M+62.2% | $17.1M+21.7% | $14.0M+94.2% | $7.2M-53.0% | $15.3M-18.9% | $18.9M |
| Investing Cash Flow | -$92.6M-442.7% | -$17.1M-123.8% | $71.8M+3857.1% | -$1.9M-108.4% | $22.9M+114.1% | -$162.2M-399.9% | -$32.4M+33.1% | -$48.5M |
| Financing Cash Flow | -$36.5M-119.7% | $185.9M+274.2% | -$106.7M-217.9% | $90.5M+673.1% | -$15.8M-113.8% | $114.3M+149.6% | $45.8M+25.2% | $36.6M |
| Dividends Paid | $4.1M-0.8% | $4.2M+1.5% | $4.1M-1.3% | $4.2M+16.7% | $3.6M-0.7% | $3.6M+0.8% | $3.6M+18.4% | $3.0M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
BFST Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 891.1%+51.6pp | 839.5%+121.2pp | 718.3%+145.4pp | 572.9%-105.3pp | 678.2%+121.8pp | 556.4%-84.3pp | 640.6%-164.7pp | 805.3% |
| Return on Equity | 2.6%-0.0pp | 2.6%+0.1pp | 2.5%+0.4pp | 2.1%-0.5pp | 2.6%+0.5pp | 2.1%-0.4pp | 2.5%-0.9pp | 3.4% |
| Return on Assets | 0.3%0.0pp | 0.3%+0.0pp | 0.3%+0.1pp | 0.2%-0.1pp | 0.3%+0.1pp | 0.2%-0.0pp | 0.2%-0.1pp | 0.3% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 8.05-0.3 | 8.37-0.1 | 8.42-0.4 | 8.83-0.3 | 9.09-0.2 | 9.32+0.1 | 9.22-0.5 | 9.74 |
| FCF Margin | 1250.5%+726.4pp | 524.1%-443.0pp | 967.1%+374.5pp | 592.6%+40.4pp | 552.2%+256.4pp | 295.8%-325.6pp | 621.4%-123.9pp | 745.3% |
Similar Companies
Frequently Asked Questions
What is Business First B's annual revenue?
Business First B (BFST) reported $10.6M in total revenue for fiscal year 2024. This represents a 9.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Business First B's revenue growing?
Business First B (BFST) revenue grew by 9% year-over-year, from $9.7M to $10.6M in fiscal year 2024.
Is Business First B profitable?
Yes, Business First B (BFST) reported a net income of $65.1M in fiscal year 2024, with a net profit margin of 615.5%.
What is Business First B's earnings per share (EPS)?
Business First B (BFST) reported diluted earnings per share of $2.26 for fiscal year 2024. This represents a -12.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Business First B's net profit margin?
Business First B (BFST) had a net profit margin of 615.5% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Business First B pay dividends?
Yes, Business First B (BFST) paid $0.56 per share in dividends during fiscal year 2024.
What is Business First B's return on equity (ROE)?
Business First B (BFST) has a return on equity of 8.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Business First B's free cash flow?
Business First B (BFST) generated $59.8M in free cash flow during fiscal year 2024. This represents a -25.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Business First B's operating cash flow?
Business First B (BFST) generated $61.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Business First B's total assets?
Business First B (BFST) had $7.9B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Business First B's capital expenditures?
Business First B (BFST) invested $1.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Business First B have outstanding?
Business First B (BFST) had 30M shares outstanding as of fiscal year 2024.
What is Business First B's debt-to-equity ratio?
Business First B (BFST) had a debt-to-equity ratio of 8.83 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Business First B's return on assets (ROA)?
Business First B (BFST) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Business First B's Piotroski F-Score?
Business First B (BFST) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Business First B's earnings high quality?
Business First B (BFST) has an earnings quality ratio of 0.94x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Business First B?
Business First B (BFST) scores 47 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.