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Side-by-side financial comparison of AbCellera Biologics Inc. (ABCL) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.

FIRST MID BANCSHARES, INC. is the larger business by last-quarter revenue ($88.2M vs $44.9M, roughly 2.0× AbCellera Biologics Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -19.9%, a 46.8% gap on every dollar of revenue. On growth, AbCellera Biologics Inc. posted the faster year-over-year revenue change (788.4% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-44.6M). Over the past eight quarters, AbCellera Biologics Inc.'s revenue compounded faster (112.3% CAGR vs 5.0%).

AbCellera Biologics Inc. is a Vancouver, British Columbia-based biotechnology company that discovers and develops antibody therapeutics. The company is best known for its leading role in the Pandemic Prevention Platform, a project of DARPA's Biological Technologies Office. AbCellera utilizes a proprietary technology platform, which they claim can develop "medical countermeasures within 60 days." Its platform for single-cell screening was initially developed at the University of British Columbia.

First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.

ABCL vs FMBH — Head-to-Head

Bigger by revenue
FMBH
FMBH
2.0× larger
FMBH
$88.2M
$44.9M
ABCL
Growing faster (revenue YoY)
ABCL
ABCL
+785.0% gap
ABCL
788.4%
3.4%
FMBH
Higher net margin
FMBH
FMBH
46.8% more per $
FMBH
26.8%
-19.9%
ABCL
More free cash flow
FMBH
FMBH
$168.6M more FCF
FMBH
$124.0M
$-44.6M
ABCL
Faster 2-yr revenue CAGR
ABCL
ABCL
Annualised
ABCL
112.3%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ABCL
ABCL
FMBH
FMBH
Revenue
$44.9M
$88.2M
Net Profit
$-8.9M
$23.7M
Gross Margin
Operating Margin
-63.7%
34.0%
Net Margin
-19.9%
26.8%
Revenue YoY
788.4%
3.4%
Net Profit YoY
73.9%
23.5%
EPS (diluted)
$-0.03
$0.98

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
ABCL
ABCL
FMBH
FMBH
Q4 25
$44.9M
$88.2M
Q3 25
$9.0M
$89.3M
Q2 25
$17.1M
$87.5M
Q1 25
$4.2M
$84.3M
Q4 24
$5.0M
$85.3M
Q3 24
$6.5M
$80.6M
Q2 24
$7.3M
$79.2M
Q1 24
$10.0M
$79.9M
Net Profit
ABCL
ABCL
FMBH
FMBH
Q4 25
$-8.9M
$23.7M
Q3 25
$-57.1M
$22.5M
Q2 25
$-34.7M
$23.4M
Q1 25
$-45.6M
$22.2M
Q4 24
$19.2M
Q3 24
$-51.1M
$19.5M
Q2 24
$-36.9M
$19.7M
Q1 24
$-40.6M
$20.5M
Operating Margin
ABCL
ABCL
FMBH
FMBH
Q4 25
-63.7%
34.0%
Q3 25
-851.8%
32.2%
Q2 25
-290.2%
34.4%
Q1 25
-1479.6%
33.4%
Q4 24
29.7%
Q3 24
-1439.4%
31.5%
Q2 24
-1276.2%
33.7%
Q1 24
-551.5%
33.7%
Net Margin
ABCL
ABCL
FMBH
FMBH
Q4 25
-19.9%
26.8%
Q3 25
-637.8%
25.2%
Q2 25
-203.3%
26.8%
Q1 25
-1077.2%
26.3%
Q4 24
22.5%
Q3 24
-785.4%
24.2%
Q2 24
-504.3%
24.9%
Q1 24
-408.0%
25.6%
EPS (diluted)
ABCL
ABCL
FMBH
FMBH
Q4 25
$-0.03
$0.98
Q3 25
$-0.19
$0.94
Q2 25
$-0.12
$0.98
Q1 25
$-0.15
$0.93
Q4 24
$0.81
Q3 24
$-0.17
$0.81
Q2 24
$-0.13
$0.82
Q1 24
$-0.14
$0.86

Balance Sheet & Financial Strength

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

Metric
ABCL
ABCL
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
$128.5M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$966.9M
$958.7M
Total Assets
$1.4B
$8.0B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ABCL
ABCL
FMBH
FMBH
Q4 25
$128.5M
Q3 25
$83.2M
Q2 25
$92.4M
Q1 25
$159.3M
Q4 24
$156.3M
Q3 24
$126.6M
Q2 24
$148.3M
Q1 24
$123.6M
Total Debt
ABCL
ABCL
FMBH
FMBH
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
ABCL
ABCL
FMBH
FMBH
Q4 25
$966.9M
$958.7M
Q3 25
$964.0M
$932.2M
Q2 25
$1.0B
$894.1M
Q1 25
$1.0B
$870.9M
Q4 24
$1.1B
$846.4M
Q3 24
$1.1B
$858.5M
Q2 24
$1.1B
$813.6M
Q1 24
$1.1B
$798.0M
Total Assets
ABCL
ABCL
FMBH
FMBH
Q4 25
$1.4B
$8.0B
Q3 25
$1.4B
$7.8B
Q2 25
$1.4B
$7.7B
Q1 25
$1.3B
$7.6B
Q4 24
$1.4B
$7.5B
Q3 24
$1.4B
$7.6B
Q2 24
$1.4B
$7.6B
Q1 24
$1.5B
$7.7B
Debt / Equity
ABCL
ABCL
FMBH
FMBH
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ABCL
ABCL
FMBH
FMBH
Operating Cash FlowLast quarter
$-34.7M
$130.9M
Free Cash FlowOCF − Capex
$-44.6M
$124.0M
FCF MarginFCF / Revenue
-99.4%
140.6%
Capex IntensityCapex / Revenue
21.9%
7.8%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$-174.1M
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ABCL
ABCL
FMBH
FMBH
Q4 25
$-34.7M
$130.9M
Q3 25
$-52.6M
$33.0M
Q2 25
$-32.4M
$7.7M
Q1 25
$-11.6M
$47.9M
Q4 24
$-108.6M
$124.4M
Q3 24
$-28.9M
$33.1M
Q2 24
$-30.0M
$24.0M
Q1 24
$-41.7M
$29.0M
Free Cash Flow
ABCL
ABCL
FMBH
FMBH
Q4 25
$-44.6M
$124.0M
Q3 25
$-61.5M
$31.9M
Q2 25
$-45.8M
$6.0M
Q1 25
$-22.2M
$46.0M
Q4 24
$-187.0M
$119.5M
Q3 24
$-47.4M
$32.0M
Q2 24
$-50.1M
$22.9M
Q1 24
$-65.8M
$27.6M
FCF Margin
ABCL
ABCL
FMBH
FMBH
Q4 25
-99.4%
140.6%
Q3 25
-687.0%
35.8%
Q2 25
-267.9%
6.8%
Q1 25
-524.0%
54.5%
Q4 24
-3702.8%
140.0%
Q3 24
-728.4%
39.7%
Q2 24
-683.8%
28.9%
Q1 24
-661.5%
34.5%
Capex Intensity
ABCL
ABCL
FMBH
FMBH
Q4 25
21.9%
7.8%
Q3 25
99.7%
1.2%
Q2 25
78.2%
2.0%
Q1 25
251.1%
2.3%
Q4 24
1552.7%
5.8%
Q3 24
284.6%
1.4%
Q2 24
274.6%
1.4%
Q1 24
242.5%
1.9%
Cash Conversion
ABCL
ABCL
FMBH
FMBH
Q4 25
5.53×
Q3 25
1.47×
Q2 25
0.33×
Q1 25
2.16×
Q4 24
6.49×
Q3 24
1.70×
Q2 24
1.21×
Q1 24
1.42×

Financial Flow Comparison

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

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