Business First B Financials
Business First B (BFST) reported $10.7M in revenue for fiscal year 2025, up 1.2% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 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).
Balance-sheet expansion is the main earnings engine, with modest asset returns amplified by a still-high 8.2x leverage posture.
From FY2021 to FY2025, assets expanded to$8.2B even as debt-to-equity eased to 8.2x, so growth was not simply bought with more leverage. Because return on assets stayed near1.1% in FY2025, the larger and slightly better-capitalized balance sheet converted that modest efficiency into a return on equity of9.8% .
In FY2025, operating cash flow of
Across the last three years, investing outflows were consistently large and were largely counterbalanced by financing inflows, showing that growth still depends on actively reshaping the balance sheet rather than on retained earnings alone. Even so, cash rose to
Financial Health Signals
Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Business First B's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Business First B, and counted as zero in the overall score.
Business First B passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Business First B generates $1.05 in operating cash flow ($92.1M OCF vs $87.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Business First B generated $10.7M in revenue in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Business First B reported $87.9M in net income in fiscal year 2025. This represents an increase of 35.0% from the prior year.
Business First B earned $2.79 per diluted share (EPS) in fiscal year 2025. This represents an increase of 23.5% from the prior year.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Business First B generated $92.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 53.8% from the prior year.
Business First B held $411.2M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Business First B paid $0.57 per share in dividends in fiscal year 2025. This represents an increase of 1.8% from the prior year.
Margins & Returns
Business First B's ROE was 9.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.7 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not shown for fiscal year 2025: the reported ratio is above 100.0% of revenue, so it does not read as a share of revenue.
Capital Allocation
Business First B spent $3.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Business First B invested $66K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 95.8% from the prior year.
Not reported for fiscal year 2025.
BFST Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.6M | $10.7M+1.2% | $10.6M+9.0% | $9.7M+17.3% | $8.3M+21.4% | $6.8M+27.2% | $5.4M+32.8% | $4.0M+43.6% | $2.8M+33.2% | $2.1M+3.7% | $2.0M-94.7% | $38.6M+40.6% | $27.5M-5.2% | $29.0M |
| SG&A Expenses | $124.2M | $115.9M+11.5% | $103.9M+14.7% | $90.6M+6.3% | $85.2M+29.5% | $65.8M+14.7% | $57.4M+63.4% | $35.1M+26.1% | $27.9M+29.7% | $21.5M+10.3% | $19.5M+20.6% | $16.1M+44.2% | $11.2M+1.9% | $11.0M |
| Interest Expense | $191.4M | $191.8M+2.4% | $187.4M+35.6% | $138.2M+278.2% | $36.5M+120.7% | $16.6M-25.1% | $22.1M-5.0% | $23.3M+66.6% | $14.0M+93.2% | $7.2M+24.1% | $5.8M+30.4% | $4.5M+13.1% | $4.0M-15.9% | $4.7M |
| Income Tax | $23.3M | $22.4M+25.1% | $17.9M-8.2% | $19.5M+36.3% | $14.3M+15.4% | $12.4M+83.0% | $6.8M+11.6% | $6.1M+85.4% | $3.3M-20.1% | $4.1M+154.4% | $1.6M+5.8% | $1.5M+11.8% | $1.4M+34.3% | $1.0M |
| Net Income | $93.0M | $87.9M+35.0% | $65.1M-8.3% | $71.0M+30.8% | $54.3M+4.2% | $52.1M+73.7% | $30.0M+26.2% | $23.8M+68.7% | $14.1M+190.7% | $4.8M-5.1% | $5.1M+24.8% | $4.1M+1.6% | $4.0M-15.7% | $4.8M |
| EPS (Diluted) | — | $2.79+23.5% | $2.26-12.7% | $2.59+11.6% | $2.32-8.3% | $2.53+54.3% | $1.64-5.7% | $1.74+42.6% | $1.22+100.0% | $0.61-12.9% | $0.70+18.6% | $0.59-18.1% | $0.72-17.2% | $0.87 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BFST Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $8.2B+4.6% | $7.9B+19.3% | $6.6B+9.9% | $6.0B+26.7% | $4.7B+13.6% | $4.2B+83.0% | $2.3B+8.5% | $2.1B+58.6% | $1.3B+19.5% | $1.1B+2.8% | $1.1B+57.2% | $684.5M | N/A |
| Cash & Equivalents | $411.2M+28.9% | $319.1M+41.1% | $226.1M+48.0% | $152.7M+123.4% | $68.4M-54.2% | $149.1M+66.9% | $89.4M-7.0% | $96.1M-10.7% | $107.6M+155.1% | $42.2M+3.1% | $40.9M+57.3% | $26.0M+158.2% | $10.1M |
| Goodwill | $121.1M-0.4% | $121.6M+37.5% | $88.4M-0.2% | $88.5M+47.8% | $59.9M+11.2% | $53.9M+11.1% | $48.5M-2.0% | $49.5M+625.2% | $6.8M0.0% | $6.8M+102.1% | $3.4M | N/A | N/A |
| Total Liabilities | $7.3B+3.7% | $7.1B+18.8% | $5.9B+9.8% | $5.4B+26.0% | $4.3B+14.5% | $3.8B+88.6% | $2.0B+8.4% | $1.8B+60.8% | $1.1B+15.0% | $992.3M+3.0% | $963.6M+59.1% | $605.7M | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $2.7M-10.0% | $3.0M | $0 | N/A | N/A |
| Total Equity | $896.9M+12.2% | $799.5M+24.1% | $644.3M+11.0% | $580.5M+33.9% | $433.4M+5.7% | $410.0M+43.8% | $285.1M+9.6% | $260.1M+44.5% | $179.9M+58.5% | $113.6M+1.0% | $112.4M+42.6% | $78.8M+9.6% | $71.9M |
| Retained Earnings | $326.6M+25.1% | $261.0M+20.7% | $216.1M+31.8% | $164.0M+34.5% | $121.9M+53.9% | $79.2M+39.6% | $56.7M+49.3% | $38.0M+39.8% | $27.2M+14.0% | $23.8M+17.5% | $20.3M+19.7% | $16.9M | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.
BFST Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $103.3M | $92.1M+50.0% | $61.4M-32.5% | $91.0M+30.7% | $69.6M+23.3% | $56.4M+92.4% | $29.3M+20.2% | $24.4M+26.7% | $19.3M+141.9% | $8.0M-2.2% | $8.2M+139.8% | $3.4M-50.7% | $6.9M-16.1% | $8.2M |
| Capital Expenditures | N/A | $66K-95.8% | $1.6M-86.6% | $11.6M+49.7% | $7.8M+95.9% | $4.0M+33.7% | $3.0M-25.0% | $4.0M+330.8% | $919K+82.0% | $505K-63.7% | $1.4M+44.5% | $962K+341.3% | $218K-33.5% | $328K |
| Free Cash Flow | N/A | $92.0M+53.8% | $59.8M-24.6% | $79.3M+28.4% | $61.8M+17.8% | $52.5M+99.0% | $26.4M+28.9% | $20.5M+11.5% | $18.4M+146.0% | $7.5M+10.4% | $6.8M+177.5% | $2.4M-63.5% | $6.7M-15.4% | $7.9M |
| Investing Cash Flow | -$86.0M | -$281.5M+4.5% | -$294.9M+43.4% | -$521.1M+25.6% | -$700.5M-3.7% | -$675.4M-42.1% | -$475.3M-147.2% | -$192.3M-12.9% | -$170.3M-11.0% | -$153.4M-360.2% | -$33.3M-136.1% | -$14.1M-188.4% | $16.0M+234.5% | -$11.9M |
| Financing Cash Flow | $62.6M | $281.5M-13.8% | $326.5M-35.2% | $503.5M-29.6% | $715.3M+32.9% | $538.2M+6.4% | $505.7M+213.8% | $161.2M+15.5% | $139.5M-33.8% | $210.9M+697.2% | $26.5M+3.3% | $25.6M+470.0% | -$6.9M-333.2% | $3.0M |
| Dividends Paid | $18.3M | $16.8M+13.3% | $14.9M+17.4% | $12.7M+16.9% | $10.8M+14.7% | $9.4M+25.5% | $7.5M+48.8% | $5.1M+54.0% | $3.3M+83.1% | $1.8M+69.7% | $1.1M | $0 | $0 | N/A |
| Share Buybacks | N/A | $3.7M | $0 | $0 | $0-100.0% | $10.9M+88.4% | $5.8M+127.1% | $2.6M | $0-100.0% | $33K-96.2% | $863K-69.2% | $2.8M | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
BFST Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 821.2% | 615.5% | 731.7% | 656.4% | 764.7% | 559.9% | 589.1% | 501.5% | 229.9% | 251.4% | 10.6%-4.1pp | 14.7%-1.8pp | 16.5% |
| Return on Equity | 9.8%+1.7pp | 8.1%-2.9pp | 11.0%+1.7pp | 9.3%-2.7pp | 12.0%+4.7pp | 7.3%-1.0pp | 8.3%+2.9pp | 5.4%+2.7pp | 2.7%-1.8pp | 4.5%+0.9pp | 3.6%-1.5pp | 5.1%-1.5pp | 6.7% |
| Return on Assets | 1.1%+0.2pp | 0.8%-0.3pp | 1.1%+0.2pp | 0.9%-0.2pp | 1.1%+0.4pp | 0.7%-0.3pp | 1.1%+0.4pp | 0.7%+0.3pp | 0.4%-0.1pp | 0.5%+0.1pp | 0.4%-0.2pp | 0.6% | N/A |
| Debt-to-Equity | 8.16-0.7x | 8.83-0.4x | 9.22-0.1x | 9.32-0.6x | 9.91+0.8x | 9.15+2.2x | 6.98-0.1x | 7.06+7.0x | 0.010.0x | 0.030.0x | 0.00-7.7x | 7.68 | N/A |
| FCF Margin | 859.7% | 565.8% | 817.4% | 747.1% | 770.2% | 492.1% | 507.0% | 653.3% | 353.9% | 332.5% | 6.3%-18.0pp | 24.3%-2.9pp | 27.2% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
Similar Companies
Where Business First B Ranks
Frequently Asked Questions
What is Business First B's annual revenue?
Business First B (BFST) reported $10.7M in total revenue for fiscal year 2025. This represents a 1.2% 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 1.2% year-over-year, from $10.6M to $10.7M in fiscal year 2025.
Is Business First B profitable?
Yes, Business First B (BFST) reported a net income of $87.9M in fiscal year 2025.
Does Business First B pay dividends?
Yes, Business First B (BFST) paid $0.57 per share in dividends during fiscal year 2025.
What is Business First B's return on equity (ROE)?
Business First B (BFST) has a return on equity of 9.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Business First B's free cash flow?
Business First B (BFST) generated $92.0M in free cash flow during fiscal year 2025. This represents a 53.8% 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 $92.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Business First B's total assets?
Business First B (BFST) had $8.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Business First B's capital expenditures?
Business First B (BFST) invested $66K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Business First B's debt-to-equity ratio?
Business First B (BFST) had a debt-to-equity ratio of 8.16 as of fiscal year 2025, 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 1.1% for fiscal year 2025, 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 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.05x, considered cash-backed (high 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 Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.