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Side-by-side financial comparison of Clarus Corp (CLAR) 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 $65.4M, roughly 1.3× Clarus Corp). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -47.8%, a 74.6% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -8.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $11.6M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -2.9%).

Clarus Corp is a global designer, manufacturer, and distributor of high-performance outdoor recreation, climbing, camping, and lifestyle products. It manages a portfolio of leading consumer brands, serving outdoor enthusiasts, professional athletes, and retail partners across North America, Europe, and the Asia-Pacific region, with a focus on innovative, durable gear for active lifestyles.

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.

CLAR vs FMBH — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.3× larger
FMBH
$88.2M
$65.4M
CLAR
Growing faster (revenue YoY)
FMBH
FMBH
+11.8% gap
FMBH
3.4%
-8.4%
CLAR
Higher net margin
FMBH
FMBH
74.6% more per $
FMBH
26.8%
-47.8%
CLAR
More free cash flow
FMBH
FMBH
$112.4M more FCF
FMBH
$124.0M
$11.6M
CLAR
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-2.9%
CLAR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLAR
CLAR
FMBH
FMBH
Revenue
$65.4M
$88.2M
Net Profit
$-31.3M
$23.7M
Gross Margin
27.7%
Operating Margin
-59.6%
34.0%
Net Margin
-47.8%
26.8%
Revenue YoY
-8.4%
3.4%
Net Profit YoY
52.3%
23.5%
EPS (diluted)
$-0.81
$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
CLAR
CLAR
FMBH
FMBH
Q4 25
$65.4M
$88.2M
Q3 25
$69.3M
$89.3M
Q2 25
$55.2M
$87.5M
Q1 25
$60.4M
$84.3M
Q4 24
$71.4M
$85.3M
Q3 24
$67.1M
$80.6M
Q2 24
$56.5M
$79.2M
Q1 24
$69.3M
$79.9M
Net Profit
CLAR
CLAR
FMBH
FMBH
Q4 25
$-31.3M
$23.7M
Q3 25
$-1.6M
$22.5M
Q2 25
$-8.4M
$23.4M
Q1 25
$-5.2M
$22.2M
Q4 24
$-65.5M
$19.2M
Q3 24
$-3.2M
$19.5M
Q2 24
$-5.5M
$19.7M
Q1 24
$21.9M
$20.5M
Gross Margin
CLAR
CLAR
FMBH
FMBH
Q4 25
27.7%
Q3 25
35.1%
Q2 25
35.6%
Q1 25
34.4%
Q4 24
33.4%
Q3 24
35.0%
Q2 24
36.1%
Q1 24
35.9%
Operating Margin
CLAR
CLAR
FMBH
FMBH
Q4 25
-59.6%
34.0%
Q3 25
-4.4%
32.2%
Q2 25
-19.7%
34.4%
Q1 25
-11.2%
33.4%
Q4 24
-70.2%
29.7%
Q3 24
-8.0%
31.5%
Q2 24
-14.4%
33.7%
Q1 24
-9.8%
33.7%
Net Margin
CLAR
CLAR
FMBH
FMBH
Q4 25
-47.8%
26.8%
Q3 25
-2.3%
25.2%
Q2 25
-15.3%
26.8%
Q1 25
-8.7%
26.3%
Q4 24
-91.8%
22.5%
Q3 24
-4.7%
24.2%
Q2 24
-9.7%
24.9%
Q1 24
31.6%
25.6%
EPS (diluted)
CLAR
CLAR
FMBH
FMBH
Q4 25
$-0.81
$0.98
Q3 25
$-0.04
$0.94
Q2 25
$-0.22
$0.98
Q1 25
$-0.14
$0.93
Q4 24
$-1.72
$0.81
Q3 24
$-0.08
$0.81
Q2 24
$-0.14
$0.82
Q1 24
$0.57
$0.86

Balance Sheet & Financial Strength

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

Metric
CLAR
CLAR
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
$36.7M
Total DebtLower is stronger
$0
$354.5M
Stockholders' EquityBook value
$196.4M
$958.7M
Total Assets
$249.0M
$8.0B
Debt / EquityLower = less leverage
0.00×
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLAR
CLAR
FMBH
FMBH
Q4 25
$36.7M
Q3 25
$29.5M
Q2 25
$28.5M
Q1 25
$41.3M
Q4 24
$45.4M
Q3 24
$36.4M
Q2 24
$46.2M
Q1 24
$47.5M
Total Debt
CLAR
CLAR
FMBH
FMBH
Q4 25
$0
$354.5M
Q3 25
$2.0M
Q2 25
$1.9M
Q1 25
$1.9M
Q4 24
$1.9M
Q3 24
Q2 24
Q1 24
$37.0K
Stockholders' Equity
CLAR
CLAR
FMBH
FMBH
Q4 25
$196.4M
$958.7M
Q3 25
$225.8M
$932.2M
Q2 25
$225.1M
$894.1M
Q1 25
$229.3M
$870.9M
Q4 24
$233.1M
$846.4M
Q3 24
$308.5M
$858.5M
Q2 24
$307.3M
$813.6M
Q1 24
$310.4M
$798.0M
Total Assets
CLAR
CLAR
FMBH
FMBH
Q4 25
$249.0M
$8.0B
Q3 25
$283.1M
$7.8B
Q2 25
$286.5M
$7.7B
Q1 25
$292.8M
$7.6B
Q4 24
$294.1M
$7.5B
Q3 24
$375.3M
$7.6B
Q2 24
$369.4M
$7.6B
Q1 24
$377.0M
$7.7B
Debt / Equity
CLAR
CLAR
FMBH
FMBH
Q4 25
0.00×
0.37×
Q3 25
0.01×
Q2 25
0.01×
Q1 25
0.01×
Q4 24
0.01×
Q3 24
Q2 24
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
CLAR
CLAR
FMBH
FMBH
Operating Cash FlowLast quarter
$12.5M
$130.9M
Free Cash FlowOCF − Capex
$11.6M
$124.0M
FCF MarginFCF / Revenue
17.7%
140.6%
Capex IntensityCapex / Revenue
1.4%
7.8%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$-9.9M
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLAR
CLAR
FMBH
FMBH
Q4 25
$12.5M
$130.9M
Q3 25
$-5.7M
$33.0M
Q2 25
$-9.4M
$7.7M
Q1 25
$-2.1M
$47.9M
Q4 24
$16.6M
$124.4M
Q3 24
$-8.3M
$33.1M
Q2 24
$834.0K
$24.0M
Q1 24
$-16.4M
$29.0M
Free Cash Flow
CLAR
CLAR
FMBH
FMBH
Q4 25
$11.6M
$124.0M
Q3 25
$-7.0M
$31.9M
Q2 25
$-11.3M
$6.0M
Q1 25
$-3.3M
$46.0M
Q4 24
$14.4M
$119.5M
Q3 24
$-9.4M
$32.0M
Q2 24
$-744.0K
$22.9M
Q1 24
$-18.3M
$27.6M
FCF Margin
CLAR
CLAR
FMBH
FMBH
Q4 25
17.7%
140.6%
Q3 25
-10.0%
35.8%
Q2 25
-20.4%
6.8%
Q1 25
-5.4%
54.5%
Q4 24
20.1%
140.0%
Q3 24
-14.0%
39.7%
Q2 24
-1.3%
28.9%
Q1 24
-26.3%
34.5%
Capex Intensity
CLAR
CLAR
FMBH
FMBH
Q4 25
1.4%
7.8%
Q3 25
1.8%
1.2%
Q2 25
3.4%
2.0%
Q1 25
2.0%
2.3%
Q4 24
3.1%
5.8%
Q3 24
1.6%
1.4%
Q2 24
2.8%
1.4%
Q1 24
2.7%
1.9%
Cash Conversion
CLAR
CLAR
FMBH
FMBH
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
-0.75×
1.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLAR
CLAR

Other$37.1M57%
Outdoor Segment$25.3M39%
Adventure Segment$3.0M5%

FMBH
FMBH

Segment breakdown not available.

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