vs

Side-by-side financial comparison of BEL FUSE INC (BELFA) and FIRST INTERSTATE BANCSYSTEM INC (FIBK). Click either name above to swap in a different company.

FIRST INTERSTATE BANCSYSTEM INC is the larger business by last-quarter revenue ($313.0M vs $178.5M, roughly 1.8× BEL FUSE INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 8.4%, a 26.4% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 17.2%). Over the past eight quarters, BEL FUSE INC's revenue compounded faster (15.8% CAGR vs 13.7%).

Bel Fuse Inc. is a global manufacturer of electronic components, offering interconnect solutions, magnetics, and circuit protection products for industries including automotive, data communications, aerospace, industrial, and consumer electronics. It serves original equipment manufacturers and contract manufacturers across North America, Europe, and Asia, prioritizing high-performance, reliable components for cutting-edge technology applications.

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.

BELFA vs FIBK — Head-to-Head

Bigger by revenue
FIBK
FIBK
1.8× larger
FIBK
$313.0M
$178.5M
BELFA
Growing faster (revenue YoY)
FIBK
FIBK
+2.5% gap
FIBK
19.8%
17.2%
BELFA
Higher net margin
FIBK
FIBK
26.4% more per $
FIBK
34.8%
8.4%
BELFA
Faster 2-yr revenue CAGR
BELFA
BELFA
Annualised
BELFA
15.8%
13.7%
FIBK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BELFA
BELFA
FIBK
FIBK
Revenue
$178.5M
$313.0M
Net Profit
$15.0M
$108.8M
Gross Margin
39.0%
Operating Margin
13.3%
44.5%
Net Margin
8.4%
34.8%
Revenue YoY
17.2%
19.8%
Net Profit YoY
-18.2%
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
BELFA
BELFA
FIBK
FIBK
Q1 26
$178.5M
Q4 25
$175.9M
$313.0M
Q3 25
$179.0M
$250.5M
Q2 25
$168.3M
$248.3M
Q1 25
$152.2M
$247.0M
Q4 24
$149.9M
$261.3M
Q3 24
$123.6M
$251.9M
Q2 24
$133.2M
$244.3M
Net Profit
BELFA
BELFA
FIBK
FIBK
Q1 26
$15.0M
Q4 25
$6.4M
$108.8M
Q3 25
$22.6M
$71.4M
Q2 25
$26.8M
$71.7M
Q1 25
$17.9M
$50.2M
Q4 24
$6.4M
$52.1M
Q3 24
$8.1M
$55.5M
Q2 24
$18.8M
$60.0M
Gross Margin
BELFA
BELFA
FIBK
FIBK
Q1 26
39.0%
Q4 25
39.4%
Q3 25
39.7%
Q2 25
38.7%
Q1 25
38.6%
Q4 24
37.5%
Q3 24
36.1%
Q2 24
40.1%
Operating Margin
BELFA
BELFA
FIBK
FIBK
Q1 26
13.3%
Q4 25
14.7%
44.5%
Q3 25
16.9%
37.0%
Q2 25
17.7%
37.7%
Q1 25
16.4%
26.9%
Q4 24
8.3%
25.5%
Q3 24
9.3%
28.9%
Q2 24
17.0%
32.1%
Net Margin
BELFA
BELFA
FIBK
FIBK
Q1 26
8.4%
Q4 25
3.7%
34.8%
Q3 25
12.6%
28.5%
Q2 25
15.9%
28.9%
Q1 25
11.7%
20.3%
Q4 24
4.3%
19.9%
Q3 24
6.5%
22.0%
Q2 24
14.1%
24.6%
EPS (diluted)
BELFA
BELFA
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
BELFA
BELFA
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$59.4M
Total DebtLower is stronger
$204.5M
$146.3M
Stockholders' EquityBook value
$438.9M
$3.4B
Total Assets
$951.9M
$26.6B
Debt / EquityLower = less leverage
0.47×
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BELFA
BELFA
FIBK
FIBK
Q1 26
$59.4M
Q4 25
$57.8M
Q3 25
$57.7M
Q2 25
$59.3M
Q1 25
$65.9M
Q4 24
$68.3M
Q3 24
$134.3M
Q2 24
$85.0M
Total Debt
BELFA
BELFA
FIBK
FIBK
Q1 26
$204.5M
Q4 25
$197.5M
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$287.5M
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Stockholders' Equity
BELFA
BELFA
FIBK
FIBK
Q1 26
$438.9M
Q4 25
$425.5M
$3.4B
Q3 25
$427.8M
$3.4B
Q2 25
$404.7M
$3.4B
Q1 25
$376.9M
$3.4B
Q4 24
$360.6M
$3.3B
Q3 24
$367.4M
$3.4B
Q2 24
$356.4M
$3.2B
Total Assets
BELFA
BELFA
FIBK
FIBK
Q1 26
$951.9M
Q4 25
$935.2M
$26.6B
Q3 25
$952.8M
$27.3B
Q2 25
$950.6M
$27.6B
Q1 25
$940.5M
$28.3B
Q4 24
$949.8M
$29.1B
Q3 24
$584.4M
$29.6B
Q2 24
$567.6M
$30.3B
Debt / Equity
BELFA
BELFA
FIBK
FIBK
Q1 26
0.47×
Q4 25
0.46×
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.80×
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
BELFA
BELFA
FIBK
FIBK
Operating Cash FlowLast quarter
$13.8M
$305.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
0.92×
2.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BELFA
BELFA
FIBK
FIBK
Q1 26
$13.8M
Q4 25
$29.6M
$305.6M
Q3 25
$22.2M
$91.7M
Q2 25
$20.7M
$68.1M
Q1 25
$8.1M
$78.5M
Q4 24
$8.3M
$355.0M
Q3 24
$27.4M
$89.9M
Q2 24
$32.2M
$82.3M
Free Cash Flow
BELFA
BELFA
FIBK
FIBK
Q1 26
Q4 25
$26.1M
Q3 25
$20.3M
Q2 25
$16.8M
Q1 25
$5.4M
Q4 24
$2.1M
Q3 24
$23.7M
Q2 24
$30.8M
FCF Margin
BELFA
BELFA
FIBK
FIBK
Q1 26
Q4 25
14.9%
Q3 25
11.4%
Q2 25
10.0%
Q1 25
3.5%
Q4 24
1.4%
Q3 24
19.2%
Q2 24
23.2%
Capex Intensity
BELFA
BELFA
FIBK
FIBK
Q1 26
Q4 25
1.9%
Q3 25
1.0%
Q2 25
2.3%
Q1 25
1.8%
Q4 24
4.1%
Q3 24
2.9%
Q2 24
1.0%
Cash Conversion
BELFA
BELFA
FIBK
FIBK
Q1 26
0.92×
Q4 25
4.59×
2.81×
Q3 25
0.98×
1.28×
Q2 25
0.77×
0.95×
Q1 25
0.46×
1.56×
Q4 24
1.30×
6.81×
Q3 24
3.39×
1.62×
Q2 24
1.71×
1.37×

Financial Flow Comparison

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

Related Comparisons