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Side-by-side financial comparison of Core Laboratories Inc. (CLB) and FIRST MERCHANTS CORP (FRME). Click either name above to swap in a different company.

FIRST MERCHANTS CORP is the larger business by last-quarter revenue ($157.1M vs $138.3M, roughly 1.1× Core Laboratories Inc.). FIRST MERCHANTS CORP runs the higher net margin — 17.9% vs 5.3%, a 12.7% gap on every dollar of revenue. Over the past eight quarters, Core Laboratories Inc.'s revenue compounded faster (2.9% CAGR vs -0.9%).

Abbott Laboratories, commonly known as Abbott, is an American multinational medical devices and health care company with headquarters in Abbott Park, Illinois. The company produces pharmaceuticals for sale outside the United States, diagnostic products, nutritional products, and medical devices.

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.

CLB vs FRME — Head-to-Head

Bigger by revenue
FRME
FRME
1.1× larger
FRME
$157.1M
$138.3M
CLB
Higher net margin
FRME
FRME
12.7% more per $
FRME
17.9%
5.3%
CLB
Faster 2-yr revenue CAGR
CLB
CLB
Annualised
CLB
2.9%
-0.9%
FRME

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
CLB
CLB
FRME
FRME
Revenue
$138.3M
$157.1M
Net Profit
$7.3M
$28.2M
Gross Margin
Operating Margin
11.5%
Net Margin
5.3%
17.9%
Revenue YoY
2.8%
Net Profit YoY
1.2%
-49.1%
EPS (diluted)
$0.16
$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
CLB
CLB
FRME
FRME
Q1 26
$138.3M
$157.1M
Q4 25
$138.3M
$172.2M
Q3 25
$134.5M
$166.1M
Q2 25
$130.2M
$164.3M
Q1 25
$123.6M
$160.3M
Q4 24
$129.2M
$177.1M
Q3 24
$134.4M
$156.0M
Q2 24
$130.6M
$159.9M
Net Profit
CLB
CLB
FRME
FRME
Q1 26
$7.3M
$28.2M
Q4 25
$4.9M
$57.1M
Q3 25
$14.2M
$56.8M
Q2 25
$10.6M
$56.8M
Q1 25
$-154.0K
$55.3M
Q4 24
$7.4M
$64.3M
Q3 24
$11.7M
$49.2M
Q2 24
$9.0M
$39.9M
Gross Margin
CLB
CLB
FRME
FRME
Q1 26
Q4 25
20.8%
Q3 25
22.0%
Q2 25
20.3%
Q1 25
19.5%
Q4 24
17.8%
Q3 24
20.5%
Q2 24
21.2%
Operating Margin
CLB
CLB
FRME
FRME
Q1 26
11.5%
Q4 25
11.5%
38.0%
Q3 25
15.6%
39.3%
Q2 25
11.7%
39.6%
Q1 25
3.6%
39.4%
Q4 24
11.0%
43.3%
Q3 24
14.7%
36.1%
Q2 24
12.3%
27.5%
Net Margin
CLB
CLB
FRME
FRME
Q1 26
5.3%
17.9%
Q4 25
3.6%
33.1%
Q3 25
10.6%
34.2%
Q2 25
8.2%
34.6%
Q1 25
-0.1%
34.5%
Q4 24
5.7%
36.3%
Q3 24
8.7%
31.5%
Q2 24
6.9%
25.0%
EPS (diluted)
CLB
CLB
FRME
FRME
Q1 26
$0.16
$0.45
Q4 25
$0.11
$0.98
Q3 25
$0.30
$0.98
Q2 25
$0.22
$0.98
Q1 25
$0.00
$0.94
Q4 24
$0.15
$1.09
Q3 24
$0.25
$0.84
Q2 24
$0.19
$0.68

Balance Sheet & Financial Strength

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

Metric
CLB
CLB
FRME
FRME
Cash + ST InvestmentsLiquidity on hand
$22.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$279.8M
$2.7B
Total Assets
$597.0M
$21.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLB
CLB
FRME
FRME
Q1 26
$22.8M
Q4 25
$22.7M
Q3 25
$25.6M
Q2 25
$31.2M
Q1 25
$22.1M
Q4 24
$19.2M
Q3 24
$21.5M
Q2 24
$17.7M
Total Debt
CLB
CLB
FRME
FRME
Q1 26
Q4 25
$110.3M
Q3 25
$114.1M
Q2 25
$124.6M
Q1 25
$124.4M
Q4 24
$126.1M
Q3 24
$139.9M
Q2 24
$147.6M
Stockholders' Equity
CLB
CLB
FRME
FRME
Q1 26
$279.8M
$2.7B
Q4 25
$266.0M
$2.5B
Q3 25
$271.3M
$2.4B
Q2 25
$261.3M
$2.3B
Q1 25
$253.4M
$2.3B
Q4 24
$246.6M
$2.3B
Q3 24
$250.7M
$2.3B
Q2 24
$240.3M
$2.2B
Total Assets
CLB
CLB
FRME
FRME
Q1 26
$597.0M
$21.1B
Q4 25
$584.0M
$19.0B
Q3 25
$591.4M
$18.8B
Q2 25
$602.1M
$18.6B
Q1 25
$591.5M
$18.4B
Q4 24
$585.1M
$18.3B
Q3 24
$600.5M
$18.3B
Q2 24
$597.8M
$18.3B
Debt / Equity
CLB
CLB
FRME
FRME
Q1 26
Q4 25
0.41×
Q3 25
0.42×
Q2 25
0.48×
Q1 25
0.49×
Q4 24
0.51×
Q3 24
0.56×
Q2 24
0.61×

Cash Flow & Capital Efficiency

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

Metric
CLB
CLB
FRME
FRME
Operating Cash FlowLast quarter
$37.2M
Free Cash FlowOCF − Capex
$5.1M
FCF MarginFCF / Revenue
3.7%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
5.12×
TTM Free Cash FlowTrailing 4 quarters
$27.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLB
CLB
FRME
FRME
Q1 26
$37.2M
Q4 25
$7.9M
$283.6M
Q3 25
$8.5M
$87.6M
Q2 25
$13.9M
$53.7M
Q1 25
$6.7M
$61.7M
Q4 24
$20.6M
$266.2M
Q3 24
$13.1M
$76.8M
Q2 24
$17.1M
$63.0M
Free Cash Flow
CLB
CLB
FRME
FRME
Q1 26
$5.1M
Q4 25
$5.0M
Q3 25
$6.5M
Q2 25
$10.4M
Q1 25
$3.9M
Q4 24
$17.4M
Q3 24
$10.4M
Q2 24
$14.3M
FCF Margin
CLB
CLB
FRME
FRME
Q1 26
3.7%
Q4 25
3.6%
Q3 25
4.8%
Q2 25
8.0%
Q1 25
3.1%
Q4 24
13.4%
Q3 24
7.7%
Q2 24
10.9%
Capex Intensity
CLB
CLB
FRME
FRME
Q1 26
Q4 25
2.1%
Q3 25
1.5%
Q2 25
2.7%
Q1 25
2.3%
Q4 24
2.5%
Q3 24
2.0%
Q2 24
2.2%
Cash Conversion
CLB
CLB
FRME
FRME
Q1 26
5.12×
Q4 25
1.61×
4.97×
Q3 25
0.60×
1.54×
Q2 25
1.31×
0.94×
Q1 25
1.11×
Q4 24
2.78×
4.14×
Q3 24
1.12×
1.56×
Q2 24
1.90×
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLB
CLB

Segment breakdown not available.

FRME
FRME

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

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