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Side-by-side financial comparison of ASIA PACIFIC WIRE & CABLE CORP LTD (APWC) and FIRST MERCHANTS CORP (FRME). Click either name above to swap in a different company.

ASIA PACIFIC WIRE & CABLE CORP LTD is the larger business by last-quarter revenue ($225.3M vs $157.1M, roughly 1.4× FIRST MERCHANTS CORP).

Disney Networks Group Asia Pacific was a Hong Kong–based commercial broadcasting company operating multiple specialty television channels. The company was founded in 1991 by Hong Kong - Canadian businessman Richard Li.

First Merchants Corporation is a financial holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation includes First Merchants Bank and First Merchants Private Wealth Advisors. The company is listed on the NASDAQ as FRME. As of March 2023, total asset size of First Merchants Corporation was $18.2 billion. First Merchants offers commercial banking, personal banking, and investment advisor services.

APWC vs FRME — Head-to-Head

Bigger by revenue
APWC
APWC
1.4× larger
APWC
$225.3M
$157.1M
FRME

Income Statement — Q2 FY2022 vs Q1 FY2026

Metric
APWC
APWC
FRME
FRME
Revenue
$225.3M
$157.1M
Net Profit
$28.2M
Gross Margin
7.9%
Operating Margin
2.2%
Net Margin
17.9%
Revenue YoY
Net Profit YoY
-49.1%
EPS (diluted)
$0.45

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
APWC
APWC
FRME
FRME
Q1 26
$157.1M
Q4 25
$172.2M
Q3 25
$166.1M
Q2 25
$164.3M
Q1 25
$160.3M
Q4 24
$177.1M
Q3 24
$156.0M
Q2 24
$159.9M
Net Profit
APWC
APWC
FRME
FRME
Q1 26
$28.2M
Q4 25
$57.1M
Q3 25
$56.8M
Q2 25
$56.8M
Q1 25
$55.3M
Q4 24
$64.3M
Q3 24
$49.2M
Q2 24
$39.9M
Operating Margin
APWC
APWC
FRME
FRME
Q1 26
Q4 25
38.0%
Q3 25
39.3%
Q2 25
39.6%
Q1 25
39.4%
Q4 24
43.3%
Q3 24
36.1%
Q2 24
27.5%
Net Margin
APWC
APWC
FRME
FRME
Q1 26
17.9%
Q4 25
33.1%
Q3 25
34.2%
Q2 25
34.6%
Q1 25
34.5%
Q4 24
36.3%
Q3 24
31.5%
Q2 24
25.0%
EPS (diluted)
APWC
APWC
FRME
FRME
Q1 26
$0.45
Q4 25
$0.98
Q3 25
$0.98
Q2 25
$0.98
Q1 25
$0.94
Q4 24
$1.09
Q3 24
$0.84
Q2 24
$0.68

Balance Sheet & Financial Strength

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

Metric
APWC
APWC
FRME
FRME
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$2.7B
Total Assets
$21.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
APWC
APWC
FRME
FRME
Q1 26
$2.7B
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.3B
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.2B
Total Assets
APWC
APWC
FRME
FRME
Q1 26
$21.1B
Q4 25
$19.0B
Q3 25
$18.8B
Q2 25
$18.6B
Q1 25
$18.4B
Q4 24
$18.3B
Q3 24
$18.3B
Q2 24
$18.3B

Financial Flow Comparison

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

Revenue Breakdown by Segment

APWC
APWC

Segment breakdown not available.

FRME
FRME

Net Interest Income$151.3M96%
Noninterest Income$5.8M4%

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