FHN
First Horizon Corporation
Banks - Regional
Market Cap$12.02B
5Y Perf.+165.0%
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Stock Comparison
FHN vs CFG
Revenue, margins, valuation, and 5-year total return — side by side.
CFG
Citizens Financial Group, Inc.
Banks - Regional
Market Cap$27.77B
5Y Perf.+167.1%
FHN vs CFG — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | FHN | CFG |
|---|---|---|
| Industry | Banks - Regional | Banks - Regional |
| Market Cap | $12.02B | $27.77B |
| Revenue (TTM) | $4.99B | $12.35B |
| Net Income (TTM) | $982M | $1.70B |
| Gross Margin | 67.3% | 57.6% |
| Operating Margin | 25.7% | 15.3% |
| Forward P/E | 11.6x | 12.4x |
| Total Debt | $4.57B | $12.40B |
| Cash & Equiv. | $961M | $11.24B |
FHN vs CFG — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
FHN
CFG
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| First Horizon Corpo… (FHN) | 100 | 265.0 | +165.0% |
| Citizens Financial … (CFG) | 100 | 267.1 | +167.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FHN vs CFG
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: FHN leads in 4 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Citizens Financial Group, Inc. is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. As sector peers, any of these can serve as alternatives in the same allocation.
FHN
First Horizon Corporation
The Banking Pick
FHN carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 3 yrs, beta 1.10, yield 2.6%
- Lower volatility, beta 1.10, Low D/E 50.0%, current ratio 0.96x
- Beta 1.10, yield 2.6%, current ratio 0.96x
Best for: income & stability and sleep-well-at-night
CFG
Citizens Financial Group, Inc.
The Banking Pick
CFG is the clearest fit if your priority is growth exposure and long-term compounding.
- Rev growth 1.3%, EPS growth -3.2%
- 254.2% 10Y total return vs FHN's 121.4%
- 1.3% NII/revenue growth vs FHN's 1.0%
Best for: growth exposure and long-term compounding
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CFG | 1.3% NII/revenue growth vs FHN's 1.0% |
| Value | FHN | Lower P/E (11.6x vs 12.4x) |
| Quality / Margins | FHN | Efficiency ratio 0.4% vs CFG's 0.4% (lower = leaner) |
| Stability / Safety | FHN | Beta 1.10 vs CFG's 1.33, lower leverage |
| Dividends | CFG | 2.6% yield, 3-year raise streak, vs FHN's 2.6% |
| Momentum (1Y) | CFG | +70.9% vs FHN's +34.8% |
| Efficiency (ROA) | FHN | Efficiency ratio 0.4% vs CFG's 0.4% |
FHN vs CFG — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2024
FHN vs CFG — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLFHNLAGGINGCFG
CFGCitizens Financial Gr…
2leads
FHNFirst Horizon Corpora…
2leads
6 Total Categories
CATEGORYLEADERvs CFGMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
FHN4/5
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
FHN7/8
Total Returns1Y, 3Y, 5Y total returns with dividends
CFG6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
CFG1/1
Income & Cash Flow (Last 12 Months)
FHN leads this category, winning 4 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
CFG is the larger business by revenue, generating $12.3B annually — 2.5x FHN's $5.0B. FHN is the more profitable business, keeping 19.7% of every revenue dollar as net income compared to CFG's 12.2%.
| Metric | FHNFirst Horizon Cor… | CFGCitizens Financia… |
|---|---|---|
| RevenueTrailing 12 months | $5.0B | $12.3B |
| EBITDAEarnings before interest/tax | $1.3B | $2.6B |
| Net IncomeAfter-tax profit | $982M | $1.7B |
| Free Cash FlowCash after capex | $628M | $2.7B |
| Gross MarginGross profit ÷ Revenue | +67.3% | +57.6% |
| Operating MarginEBIT ÷ Revenue | +25.7% | +15.3% |
| Net MarginNet income ÷ Revenue | +19.7% | +12.2% |
| FCF MarginFCF ÷ Revenue | +12.6% | +15.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | — |
| EPS Growth (YoY)Latest quarter vs prior year | +79.3% | +38.2% |
FHN leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
Evenly matched — FHN and CFG each lead in 3 of 6 comparable metrics.
Valuation Metrics
At 13.2x trailing earnings, FHN trades at a 38% valuation discount to CFG's 21.2x P/E. On an enterprise value basis, FHN's 11.7x EV/EBITDA is more attractive than CFG's 12.1x.
| Metric | FHNFirst Horizon Cor… | CFGCitizens Financia… |
|---|---|---|
| Market CapShares × price | $12.0B | $27.8B |
| Enterprise ValueMkt cap + debt − cash | $15.6B | $28.9B |
| Trailing P/EPrice ÷ TTM EPS | 13.18x | 21.24x |
| Forward P/EPrice ÷ next-FY EPS est. | 11.55x | 12.42x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 11.69x | 12.13x |
| Price / SalesMarket cap ÷ Revenue | 2.41x | 2.25x |
| Price / BookPrice ÷ Book value/share | 1.34x | 1.20x |
| Price / FCFMarket cap ÷ FCF | 19.14x | 14.78x |
Evenly matched — FHN and CFG each lead in 3 of 6 comparable metrics.
Profitability & Efficiency
FHN leads this category, winning 7 of 8 comparable metrics.
Profitability & Efficiency
FHN delivers a 10.7% return on equity — every $100 of shareholder capital generates $11 in annual profit, vs $7 for CFG. FHN carries lower financial leverage with a 0.50x debt-to-equity ratio, signaling a more conservative balance sheet compared to CFG's 0.51x.
| Metric | FHNFirst Horizon Cor… | CFGCitizens Financia… |
|---|---|---|
| ROE (TTM)Return on equity | +10.7% | +6.6% |
| ROA (TTM)Return on assets | +1.2% | +0.8% |
| ROICReturn on invested capital | +7.0% | +3.8% |
| ROCEReturn on capital employed | +10.2% | +4.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 |
| Debt / EquityFinancial leverage | 0.50x | 0.51x |
| Net DebtTotal debt minus cash | $3.6B | $1.2B |
| Cash & Equiv.Liquid assets | $961M | $11.2B |
| Total DebtShort + long-term debt | $4.6B | $12.4B |
| Interest CoverageEBIT ÷ Interest expense | 0.82x | 0.55x |
FHN leads this category, winning 7 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
CFG leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CFG five years ago would be worth $14,944 today (with dividends reinvested), compared to $14,858 for FHN. Over the past 12 months, CFG leads with a +70.9% total return vs FHN's +34.8%. The 3-year compound annual growth rate (CAGR) favors CFG at 38.0% vs FHN's 34.5% — a key indicator of consistent wealth creation.
| Metric | FHNFirst Horizon Cor… | CFGCitizens Financia… |
|---|---|---|
| YTD ReturnYear-to-date | +3.4% | +9.9% |
| 1-Year ReturnPast 12 months | +34.8% | +70.9% |
| 3-Year ReturnCumulative with dividends | +143.1% | +162.9% |
| 5-Year ReturnCumulative with dividends | +48.6% | +49.4% |
| 10-Year ReturnCumulative with dividends | +121.4% | +254.2% |
| CAGR (3Y)Annualised 3-year return | +34.5% | +38.0% |
CFG leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — FHN and CFG each lead in 1 of 2 comparable metrics.
Risk & Volatility
FHN is the less volatile stock with a 1.10 beta — it tends to amplify market swings less than CFG's 1.33 beta. A beta below 1.0 means the stock typically moves less than the S&P 500.
| Metric | FHNFirst Horizon Cor… | CFGCitizens Financia… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.10x | 1.33x |
| 52-Week HighHighest price in past year | $26.56 | $68.79 |
| 52-Week LowLowest price in past year | $18.55 | $37.93 |
| % of 52W HighCurrent price vs 52-week peak | +93.3% | +93.6% |
| RSI (14)Momentum oscillator 0–100 | 57.0 | 50.7 |
| Avg Volume (50D)Average daily shares traded | 5.0M | 4.5M |
Evenly matched — FHN and CFG each lead in 1 of 2 comparable metrics.
Analyst Outlook
CFG leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Wall Street rates FHN as "Hold" and CFG as "Buy". Consensus price targets imply 13.0% upside for FHN (target: $28) vs 12.5% for CFG (target: $72). For income investors, CFG offers the higher dividend yield at 2.63% vs FHN's 2.55%.
| Metric | FHNFirst Horizon Cor… | CFGCitizens Financia… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $28.00 | $72.42 |
| # AnalystsCovering analysts | 35 | 38 |
| Dividend YieldAnnual dividend ÷ price | +2.6% | +2.6% |
| Dividend StreakConsecutive years of raises | 3 | 3 |
| Dividend / ShareAnnual DPS | $0.63 | $1.70 |
| Buyback YieldShare repurchases ÷ mkt cap | +7.6% | +4.9% |
CFG leads this category, winning 1 of 1 comparable metric.
Key Takeaway
FHN leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). CFG leads in 2 (Total Returns, Analyst Outlook). 2 tied.
Best OverallFirst Horizon Corporation (FHN)Leads 2 of 6 categories
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FHN vs CFG: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FHN or CFG a better buy right now?
For growth investors, Citizens Financial Group, Inc.
(CFG) is the stronger pick with 1. 3% revenue growth year-over-year, versus 1. 0% for First Horizon Corporation (FHN). First Horizon Corporation (FHN) offers the better valuation at 13. 2x trailing P/E (11. 6x forward), making it the more compelling value choice. Analysts rate Citizens Financial Group, Inc. (CFG) a "Buy" — based on 38 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FHN or CFG?
On trailing P/E, First Horizon Corporation (FHN) is the cheapest at 13.
2x versus Citizens Financial Group, Inc. at 21. 2x. On forward P/E, First Horizon Corporation is actually cheaper at 11. 6x.
03Which is the better long-term investment — FHN or CFG?
Over the past 5 years, Citizens Financial Group, Inc.
(CFG) delivered a total return of +49. 4%, compared to +48. 6% for First Horizon Corporation (FHN). Over 10 years, the gap is even starker: CFG returned +254. 2% versus FHN's +121. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FHN or CFG?
By beta (market sensitivity over 5 years), First Horizon Corporation (FHN) is the lower-risk stock at 1.
10β versus Citizens Financial Group, Inc. 's 1. 33β — meaning CFG is approximately 21% more volatile than FHN relative to the S&P 500. On balance sheet safety, First Horizon Corporation (FHN) carries a lower debt/equity ratio of 50% versus 51% for Citizens Financial Group, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FHN or CFG?
By revenue growth (latest reported year), Citizens Financial Group, Inc.
(CFG) is pulling ahead at 1. 3% versus 1. 0% for First Horizon Corporation (FHN). On earnings-per-share growth, the picture is similar: First Horizon Corporation grew EPS 38. 2% year-over-year, compared to -3. 2% for Citizens Financial Group, Inc.. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FHN or CFG?
First Horizon Corporation (FHN) is the more profitable company, earning 19.
7% net margin versus 12. 2% for Citizens Financial Group, Inc. — meaning it keeps 19. 7% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FHN leads at 25. 7% versus 15. 3% for CFG. At the gross margin level — before operating expenses — FHN leads at 67. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FHN or CFG more undervalued right now?
On forward earnings alone, First Horizon Corporation (FHN) trades at 11.
6x forward P/E versus 12. 4x for Citizens Financial Group, Inc. — 0. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for FHN: 13. 0% to $28. 00.
08Which pays a better dividend — FHN or CFG?
All stocks in this comparison pay dividends.
Citizens Financial Group, Inc. (CFG) offers the highest yield at 2. 6%, versus 2. 6% for First Horizon Corporation (FHN).
09Is FHN or CFG better for a retirement portfolio?
For long-horizon retirement investors, First Horizon Corporation (FHN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1.
10), 2. 6% yield, +121. 4% 10Y return). Both have compounded well over 10 years (FHN: +121. 4%, CFG: +254. 2%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FHN and CFG?
Both stocks operate in the Financial Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: FHN is a mid-cap deep-value stock; CFG is a mid-cap quality compounder stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(FHN: 1.0% · CFG: 1.3%)Net Margin>
%
(FHN: 19.7% · CFG: 12.2%)P/E Ratio<
x
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