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Side-by-side financial comparison of Ardmore Shipping Corp (ASC) 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 $81.2M, roughly 1.1× Ardmore Shipping Corp). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 15.7%, a 11.1% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -15.5%). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -6.0%).

Ardmore Shipping Corp is a global maritime transport company that owns and operates a fleet of mid-sized product and chemical tankers. It provides seaborne transport for petroleum products, specialty chemicals and bulk liquid commodities, serving energy, chemical and trading clients across key international trade routes.

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.

ASC vs FMBH — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.1× larger
FMBH
$88.2M
$81.2M
ASC
Growing faster (revenue YoY)
FMBH
FMBH
+18.9% gap
FMBH
3.4%
-15.5%
ASC
Higher net margin
FMBH
FMBH
11.1% more per $
FMBH
26.8%
15.7%
ASC
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-6.0%
ASC

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
ASC
ASC
FMBH
FMBH
Revenue
$81.2M
$88.2M
Net Profit
$12.8M
$23.7M
Gross Margin
Operating Margin
16.1%
34.0%
Net Margin
15.7%
26.8%
Revenue YoY
-15.5%
3.4%
Net Profit YoY
-47.0%
23.5%
EPS (diluted)
$0.30
$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
ASC
ASC
FMBH
FMBH
Q4 25
$88.2M
Q3 25
$81.2M
$89.3M
Q2 25
$72.0M
$87.5M
Q1 25
$74.0M
$84.3M
Q4 24
$85.3M
Q3 24
$96.1M
$80.6M
Q2 24
$121.3M
$79.2M
Q1 24
$106.3M
$79.9M
Net Profit
ASC
ASC
FMBH
FMBH
Q4 25
$23.7M
Q3 25
$12.8M
$22.5M
Q2 25
$9.6M
$23.4M
Q1 25
$6.3M
$22.2M
Q4 24
$19.2M
Q3 24
$24.1M
$19.5M
Q2 24
$62.7M
$19.7M
Q1 24
$39.2M
$20.5M
Operating Margin
ASC
ASC
FMBH
FMBH
Q4 25
34.0%
Q3 25
16.1%
32.2%
Q2 25
13.5%
34.4%
Q1 25
8.6%
33.4%
Q4 24
29.7%
Q3 24
25.4%
31.5%
Q2 24
51.3%
33.7%
Q1 24
37.2%
33.7%
Net Margin
ASC
ASC
FMBH
FMBH
Q4 25
26.8%
Q3 25
15.7%
25.2%
Q2 25
13.3%
26.8%
Q1 25
8.5%
26.3%
Q4 24
22.5%
Q3 24
25.1%
24.2%
Q2 24
51.7%
24.9%
Q1 24
36.9%
25.6%
EPS (diluted)
ASC
ASC
FMBH
FMBH
Q4 25
$0.98
Q3 25
$0.30
$0.94
Q2 25
$0.22
$0.98
Q1 25
$0.14
$0.93
Q4 24
$0.81
Q3 24
$0.55
$0.81
Q2 24
$1.47
$0.82
Q1 24
$0.92
$0.86

Balance Sheet & Financial Strength

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

Metric
ASC
ASC
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$116.1M
$354.5M
Stockholders' EquityBook value
$628.2M
$958.7M
Total Assets
$799.8M
$8.0B
Debt / EquityLower = less leverage
0.18×
0.37×

8-quarter trend — quarters aligned by calendar period.

Total Debt
ASC
ASC
FMBH
FMBH
Q4 25
$354.5M
Q3 25
$116.1M
Q2 25
$25.0M
Q1 25
$20.5M
Q4 24
Q3 24
$22.5M
Q2 24
$44.2M
Q1 24
$23.1M
Stockholders' Equity
ASC
ASC
FMBH
FMBH
Q4 25
$958.7M
Q3 25
$628.2M
$932.2M
Q2 25
$618.3M
$894.1M
Q1 25
$610.7M
$870.9M
Q4 24
$846.4M
Q3 24
$627.0M
$858.5M
Q2 24
$617.7M
$813.6M
Q1 24
$567.9M
$798.0M
Total Assets
ASC
ASC
FMBH
FMBH
Q4 25
$8.0B
Q3 25
$799.8M
$7.8B
Q2 25
$703.8M
$7.7B
Q1 25
$690.4M
$7.6B
Q4 24
$7.5B
Q3 24
$722.8M
$7.6B
Q2 24
$742.0M
$7.6B
Q1 24
$704.1M
$7.7B
Debt / Equity
ASC
ASC
FMBH
FMBH
Q4 25
0.37×
Q3 25
0.18×
Q2 25
0.04×
Q1 25
0.03×
Q4 24
Q3 24
0.04×
Q2 24
0.07×
Q1 24
0.04×

Cash Flow & Capital Efficiency

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

Metric
ASC
ASC
FMBH
FMBH
Operating Cash FlowLast quarter
$17.9M
$130.9M
Free Cash FlowOCF − Capex
$124.0M
FCF MarginFCF / Revenue
140.6%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
1.40×
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASC
ASC
FMBH
FMBH
Q4 25
$130.9M
Q3 25
$17.9M
$33.0M
Q2 25
$11.2M
$7.7M
Q1 25
$26.3M
$47.9M
Q4 24
$124.4M
Q3 24
$39.9M
$33.1M
Q2 24
$48.4M
$24.0M
Q1 24
$49.2M
$29.0M
Free Cash Flow
ASC
ASC
FMBH
FMBH
Q4 25
$124.0M
Q3 25
$31.9M
Q2 25
$6.0M
Q1 25
$46.0M
Q4 24
$119.5M
Q3 24
$32.0M
Q2 24
$22.9M
Q1 24
$27.6M
FCF Margin
ASC
ASC
FMBH
FMBH
Q4 25
140.6%
Q3 25
35.8%
Q2 25
6.8%
Q1 25
54.5%
Q4 24
140.0%
Q3 24
39.7%
Q2 24
28.9%
Q1 24
34.5%
Capex Intensity
ASC
ASC
FMBH
FMBH
Q4 25
7.8%
Q3 25
1.2%
Q2 25
2.0%
Q1 25
2.3%
Q4 24
5.8%
Q3 24
1.4%
Q2 24
1.4%
Q1 24
1.9%
Cash Conversion
ASC
ASC
FMBH
FMBH
Q4 25
5.53×
Q3 25
1.40×
1.47×
Q2 25
1.17×
0.33×
Q1 25
4.20×
2.16×
Q4 24
6.49×
Q3 24
1.65×
1.70×
Q2 24
0.77×
1.21×
Q1 24
1.25×
1.42×

Financial Flow Comparison

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

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