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Side-by-side financial comparison of C3.ai, Inc. (AI) 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 $75.1M, roughly 1.2× C3.ai, Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -139.3%, a 166.1% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -20.3%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-46.9M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -2.1%).
C3.ai, Inc. is a leading enterprise artificial intelligence software provider that develops and delivers scalable AI applications, platform tools, and industry-specific solutions for clients across sectors including manufacturing, energy, financial services, healthcare and public sector. Its offerings help organizations optimize operations, reduce costs, mitigate risks, and realize data-driven decision making.
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.
AI vs FMBH — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $75.1M | $88.2M |
| Net Profit | $-104.7M | $23.7M |
| Gross Margin | 40.4% | — |
| Operating Margin | -149.2% | 34.0% |
| Net Margin | -139.3% | 26.8% |
| Revenue YoY | -20.3% | 3.4% |
| Net Profit YoY | -58.7% | 23.5% |
| EPS (diluted) | $-0.75 | $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.
| Q4 25 | $75.1M | $88.2M | ||
| Q3 25 | $70.3M | $89.3M | ||
| Q2 25 | $108.7M | $87.5M | ||
| Q1 25 | $98.8M | $84.3M | ||
| Q4 24 | $94.3M | $85.3M | ||
| Q3 24 | $87.2M | $80.6M | ||
| Q2 24 | $86.6M | $79.2M | ||
| Q1 24 | $78.4M | $79.9M |
| Q4 25 | $-104.7M | $23.7M | ||
| Q3 25 | $-116.8M | $22.5M | ||
| Q2 25 | $-79.7M | $23.4M | ||
| Q1 25 | $-80.2M | $22.2M | ||
| Q4 24 | $-66.0M | $19.2M | ||
| Q3 24 | $-62.8M | $19.5M | ||
| Q2 24 | $-72.9M | $19.7M | ||
| Q1 24 | $-72.6M | $20.5M |
| Q4 25 | 40.4% | — | ||
| Q3 25 | 37.6% | — | ||
| Q2 25 | 62.1% | — | ||
| Q1 25 | 59.1% | — | ||
| Q4 24 | 61.3% | — | ||
| Q3 24 | 59.8% | — | ||
| Q2 24 | 59.6% | — | ||
| Q1 24 | 57.8% | — |
| Q4 25 | -149.2% | 34.0% | ||
| Q3 25 | -177.7% | 32.2% | ||
| Q2 25 | -81.8% | 34.4% | ||
| Q1 25 | -88.7% | 33.4% | ||
| Q4 24 | -79.8% | 29.7% | ||
| Q3 24 | -83.2% | 31.5% | ||
| Q2 24 | -95.1% | 33.7% | ||
| Q1 24 | -105.3% | 33.7% |
| Q4 25 | -139.3% | 26.8% | ||
| Q3 25 | -166.2% | 25.2% | ||
| Q2 25 | -73.3% | 26.8% | ||
| Q1 25 | -81.2% | 26.3% | ||
| Q4 24 | -69.9% | 22.5% | ||
| Q3 24 | -72.0% | 24.2% | ||
| Q2 24 | -84.2% | 24.9% | ||
| Q1 24 | -92.6% | 25.6% |
| Q4 25 | $-0.75 | $0.98 | ||
| Q3 25 | $-0.86 | $0.94 | ||
| Q2 25 | $-0.60 | $0.98 | ||
| Q1 25 | $-0.62 | $0.93 | ||
| Q4 24 | $-0.52 | $0.81 | ||
| Q3 24 | $-0.50 | $0.81 | ||
| Q2 24 | $-0.59 | $0.82 | ||
| Q1 24 | $-0.60 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $675.0M | — |
| Total DebtLower is stronger | — | $354.5M |
| Stockholders' EquityBook value | $771.9M | $958.7M |
| Total Assets | $961.3M | $8.0B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $675.0M | — | ||
| Q3 25 | $711.9M | — | ||
| Q2 25 | $742.7M | — | ||
| Q1 25 | $724.3M | — | ||
| Q4 24 | $730.4M | — | ||
| Q3 24 | $762.5M | — | ||
| Q2 24 | $750.4M | — | ||
| Q1 24 | $723.3M | — |
| Q4 25 | — | $354.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $771.9M | $958.7M | ||
| Q3 25 | $798.8M | $932.2M | ||
| Q2 25 | $838.3M | $894.1M | ||
| Q1 25 | $860.2M | $870.9M | ||
| Q4 24 | $859.0M | $846.4M | ||
| Q3 24 | $874.9M | $858.5M | ||
| Q2 24 | $873.4M | $813.6M | ||
| Q1 24 | $898.0M | $798.0M |
| Q4 25 | $961.3M | $8.0B | ||
| Q3 25 | $968.7M | $7.8B | ||
| Q2 25 | $1.0B | $7.7B | ||
| Q1 25 | $1.1B | $7.6B | ||
| Q4 24 | $1.0B | $7.5B | ||
| Q3 24 | $1.1B | $7.6B | ||
| Q2 24 | $1.0B | $7.6B | ||
| Q1 24 | $1.1B | $7.7B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-46.5M | $130.9M |
| Free Cash FlowOCF − Capex | $-46.9M | $124.0M |
| FCF MarginFCF / Revenue | -62.4% | 140.6% |
| Capex IntensityCapex / Revenue | 0.5% | 7.8% |
| Cash ConversionOCF / Net Profit | — | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-93.2M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-46.5M | $130.9M | ||
| Q3 25 | $-33.5M | $33.0M | ||
| Q2 25 | $11.3M | $7.7M | ||
| Q1 25 | $-22.0M | $47.9M | ||
| Q4 24 | $-38.7M | $124.4M | ||
| Q3 24 | $8.0M | $33.1M | ||
| Q2 24 | $21.3M | $24.0M | ||
| Q1 24 | $-39.1M | $29.0M |
| Q4 25 | $-46.9M | $124.0M | ||
| Q3 25 | $-34.3M | $31.9M | ||
| Q2 25 | $10.3M | $6.0M | ||
| Q1 25 | $-22.4M | $46.0M | ||
| Q4 24 | $-39.5M | $119.5M | ||
| Q3 24 | $7.1M | $32.0M | ||
| Q2 24 | $18.8M | $22.9M | ||
| Q1 24 | $-45.1M | $27.6M |
| Q4 25 | -62.4% | 140.6% | ||
| Q3 25 | -48.8% | 35.8% | ||
| Q2 25 | 9.5% | 6.8% | ||
| Q1 25 | -22.7% | 54.5% | ||
| Q4 24 | -41.9% | 140.0% | ||
| Q3 24 | 8.2% | 39.7% | ||
| Q2 24 | 21.7% | 28.9% | ||
| Q1 24 | -57.6% | 34.5% |
| Q4 25 | 0.5% | 7.8% | ||
| Q3 25 | 1.1% | 1.2% | ||
| Q2 25 | 0.9% | 2.0% | ||
| Q1 25 | 0.4% | 2.3% | ||
| Q4 24 | 0.9% | 5.8% | ||
| Q3 24 | 1.1% | 1.4% | ||
| Q2 24 | 2.9% | 1.4% | ||
| Q1 24 | 7.8% | 1.9% |
| 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.
Revenue Breakdown by Segment
AI
| License And Service | $70.2M | 93% |
| Professional Services | $4.9M | 7% |
FMBH
Segment breakdown not available.
