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Side-by-side financial comparison of ALLIANCE RESOURCE PARTNERS LP (ARLP) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.

ALLIANCE RESOURCE PARTNERS LP is the larger business by last-quarter revenue ($516.0M vs $313.0M, roughly 1.6× FIRST INTERSTATE BANCSYSTEM INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 2.1%, a 32.7% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs -3.6%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs -6.7%).

Alliance Resource Partners LP is a leading North American natural resource enterprise primarily engaged in the production and marketing of coal for utility and industrial customers. It also operates complementary business segments including mineral royalty management, oil and gas extraction, and logistics support services.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.

ARLP vs FIBK — Head-to-Head

Bigger by revenue
ARLP
ARLP
1.6× larger
ARLP
$516.0M
$313.0M
FIBK
Growing faster (revenue YoY)
FIBK
FIBK
+23.4% gap
FIBK
19.8%
-3.6%
ARLP
Higher net margin
FIBK
FIBK
32.7% more per $
FIBK
34.8%
2.1%
ARLP
Faster 2-yr revenue CAGR
FIBK
FIBK
Annualised
FIBK
13.7%
-6.7%
ARLP

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ARLP
ARLP
FIBK
FIBK
Revenue
$516.0M
$313.0M
Net Profit
$10.7M
$108.8M
Gross Margin
Operating Margin
4.2%
44.5%
Net Margin
2.1%
34.8%
Revenue YoY
-3.6%
19.8%
Net Profit YoY
108.8%
EPS (diluted)
$1.07

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
ARLP
ARLP
FIBK
FIBK
Q1 26
$516.0M
Q4 25
$535.5M
$313.0M
Q3 25
$571.4M
$250.5M
Q2 25
$547.5M
$248.3M
Q1 25
$540.5M
$247.0M
Q4 24
$590.1M
$261.3M
Q3 24
$613.6M
$251.9M
Q2 24
$593.4M
$244.3M
Net Profit
ARLP
ARLP
FIBK
FIBK
Q1 26
$10.7M
Q4 25
$82.7M
$108.8M
Q3 25
$95.1M
$71.4M
Q2 25
$59.4M
$71.7M
Q1 25
$74.0M
$50.2M
Q4 24
$16.3M
$52.1M
Q3 24
$86.3M
$55.5M
Q2 24
$100.2M
$60.0M
Operating Margin
ARLP
ARLP
FIBK
FIBK
Q1 26
4.2%
Q4 25
18.2%
44.5%
Q3 25
18.4%
37.0%
Q2 25
16.2%
37.7%
Q1 25
17.4%
26.9%
Q4 24
2.6%
25.5%
Q3 24
16.5%
28.9%
Q2 24
19.8%
32.1%
Net Margin
ARLP
ARLP
FIBK
FIBK
Q1 26
2.1%
Q4 25
15.4%
34.8%
Q3 25
16.6%
28.5%
Q2 25
10.9%
28.9%
Q1 25
13.7%
20.3%
Q4 24
2.8%
19.9%
Q3 24
14.1%
22.0%
Q2 24
16.9%
24.6%
EPS (diluted)
ARLP
ARLP
FIBK
FIBK
Q1 26
Q4 25
$1.07
Q3 25
$0.69
Q2 25
$0.69
Q1 25
$0.49
Q4 24
$0.50
Q3 24
$0.54
Q2 24
$0.58

Balance Sheet & Financial Strength

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

Metric
ARLP
ARLP
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$28.9M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$3.4B
Total Assets
$2.9B
$26.6B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARLP
ARLP
FIBK
FIBK
Q1 26
$28.9M
Q4 25
$71.2M
Q3 25
$94.5M
Q2 25
$55.0M
Q1 25
$81.3M
Q4 24
$137.0M
Q3 24
$195.4M
Q2 24
$203.7M
Total Debt
ARLP
ARLP
FIBK
FIBK
Q1 26
Q4 25
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Stockholders' Equity
ARLP
ARLP
FIBK
FIBK
Q1 26
Q4 25
$3.4B
Q3 25
$3.4B
Q2 25
$3.4B
Q1 25
$3.4B
Q4 24
$3.3B
Q3 24
$3.4B
Q2 24
$3.2B
Total Assets
ARLP
ARLP
FIBK
FIBK
Q1 26
$2.9B
Q4 25
$2.9B
$26.6B
Q3 25
$2.9B
$27.3B
Q2 25
$2.9B
$27.6B
Q1 25
$2.9B
$28.3B
Q4 24
$2.9B
$29.1B
Q3 24
$3.0B
$29.6B
Q2 24
$3.1B
$30.3B
Debt / Equity
ARLP
ARLP
FIBK
FIBK
Q1 26
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
0.12×

Cash Flow & Capital Efficiency

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

Metric
ARLP
ARLP
FIBK
FIBK
Operating Cash FlowLast quarter
$305.6M
Free Cash FlowOCF − Capex
$13.3M
FCF MarginFCF / Revenue
2.6%
Capex IntensityCapex / Revenue
18.5%
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters
$342.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARLP
ARLP
FIBK
FIBK
Q1 26
Q4 25
$143.9M
$305.6M
Q3 25
$209.9M
$91.7M
Q2 25
$151.7M
$68.1M
Q1 25
$145.7M
$78.5M
Q4 24
$168.4M
$355.0M
Q3 24
$209.3M
$89.9M
Q2 24
$215.8M
$82.3M
Free Cash Flow
ARLP
ARLP
FIBK
FIBK
Q1 26
$13.3M
Q4 25
$99.1M
Q3 25
$145.2M
Q2 25
$84.7M
Q1 25
$58.9M
Q4 24
$75.3M
Q3 24
$99.0M
Q2 24
$114.3M
FCF Margin
ARLP
ARLP
FIBK
FIBK
Q1 26
2.6%
Q4 25
18.5%
Q3 25
25.4%
Q2 25
15.5%
Q1 25
10.9%
Q4 24
12.8%
Q3 24
16.1%
Q2 24
19.3%
Capex Intensity
ARLP
ARLP
FIBK
FIBK
Q1 26
18.5%
Q4 25
8.4%
Q3 25
11.3%
Q2 25
12.2%
Q1 25
16.1%
Q4 24
15.8%
Q3 24
18.0%
Q2 24
17.1%
Cash Conversion
ARLP
ARLP
FIBK
FIBK
Q1 26
Q4 25
1.74×
2.81×
Q3 25
2.21×
1.28×
Q2 25
2.55×
0.95×
Q1 25
1.97×
1.56×
Q4 24
10.31×
6.81×
Q3 24
2.43×
1.62×
Q2 24
2.15×
1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARLP
ARLP

Coal sales$443.3M86%
Oil & gas royalties$41.3M8%
Other revenues$22.8M4%
Transportation revenues$8.6M2%
Tons Produced$8.0M2%
Mineral Interest Volumes (BOE)$1.0M0%

FIBK
FIBK

Segment breakdown not available.

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