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Side-by-side financial comparison of Claritev Corp (CTEV) 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 $246.6M, roughly 1.3× Claritev Corp). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs -32.7%, a 67.4% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 6.2%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs 2.5%).
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.
CTEV vs FIBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $246.6M | $313.0M |
| Net Profit | $-80.6M | $108.8M |
| Gross Margin | — | — |
| Operating Margin | -3.1% | 44.5% |
| Net Margin | -32.7% | 34.8% |
| Revenue YoY | 6.2% | 19.8% |
| Net Profit YoY | 41.6% | 108.8% |
| EPS (diluted) | $-4.88 | $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.
| Q4 25 | $246.6M | $313.0M | ||
| Q3 25 | $246.0M | $250.5M | ||
| Q2 25 | $241.6M | $248.3M | ||
| Q1 25 | $231.3M | $247.0M | ||
| Q4 24 | $232.1M | $261.3M | ||
| Q3 24 | $230.5M | $251.9M | ||
| Q2 24 | $233.5M | $244.3M | ||
| Q1 24 | $234.5M | $242.2M |
| Q4 25 | $-80.6M | $108.8M | ||
| Q3 25 | $-69.8M | $71.4M | ||
| Q2 25 | $-62.6M | $71.7M | ||
| Q1 25 | $-71.3M | $50.2M | ||
| Q4 24 | $-138.0M | $52.1M | ||
| Q3 24 | $-391.4M | $55.5M | ||
| Q2 24 | $-576.7M | $60.0M | ||
| Q1 24 | $-539.7M | $58.4M |
| Q4 25 | -3.1% | 44.5% | ||
| Q3 25 | 4.1% | 37.0% | ||
| Q2 25 | 6.9% | 37.7% | ||
| Q1 25 | 4.2% | 26.9% | ||
| Q4 24 | -17.8% | 25.5% | ||
| Q3 24 | -146.7% | 28.9% | ||
| Q2 24 | -224.4% | 32.1% | ||
| Q1 24 | -207.4% | 31.7% |
| Q4 25 | -32.7% | 34.8% | ||
| Q3 25 | -28.4% | 28.5% | ||
| Q2 25 | -25.9% | 28.9% | ||
| Q1 25 | -30.8% | 20.3% | ||
| Q4 24 | -59.4% | 19.9% | ||
| Q3 24 | -169.8% | 22.0% | ||
| Q2 24 | -247.0% | 24.6% | ||
| Q1 24 | -230.1% | 24.1% |
| Q4 25 | $-4.88 | $1.07 | ||
| Q3 25 | $-4.23 | $0.69 | ||
| Q2 25 | $-3.81 | $0.69 | ||
| Q1 25 | $-4.38 | $0.49 | ||
| Q4 24 | $-8.49 | $0.50 | ||
| Q3 24 | $-24.25 | $0.54 | ||
| Q2 24 | $-35.78 | $0.58 | ||
| Q1 24 | $-33.40 | $0.57 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.8M | — |
| Total DebtLower is stronger | $4.6B | $146.3M |
| Stockholders' EquityBook value | $-173.9M | $3.4B |
| Total Assets | $4.9B | $26.6B |
| Debt / EquityLower = less leverage | — | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $16.8M | — | ||
| Q3 25 | $39.2M | — | ||
| Q2 25 | $56.4M | — | ||
| Q1 25 | $23.1M | — | ||
| Q4 24 | $16.8M | — | ||
| Q3 24 | $86.6M | — | ||
| Q2 24 | $48.8M | — | ||
| Q1 24 | $58.7M | — |
| Q4 25 | $4.6B | $146.3M | ||
| Q3 25 | $4.5B | $146.2M | ||
| Q2 25 | $4.5B | $252.0M | ||
| Q1 25 | $4.5B | — | ||
| Q4 24 | $4.5B | $132.2M | ||
| Q3 24 | $4.5B | $137.3M | ||
| Q2 24 | $4.5B | $383.4M | ||
| Q1 24 | $4.5B | $370.8M |
| Q4 25 | $-173.9M | $3.4B | ||
| Q3 25 | $-101.8M | $3.4B | ||
| Q2 25 | $-39.9M | $3.4B | ||
| Q1 25 | $14.8M | $3.4B | ||
| Q4 24 | $84.0M | $3.3B | ||
| Q3 24 | $207.6M | $3.4B | ||
| Q2 24 | $603.4M | $3.2B | ||
| Q1 24 | $1.2B | $3.2B |
| Q4 25 | $4.9B | $26.6B | ||
| Q3 25 | $5.0B | $27.3B | ||
| Q2 25 | $5.1B | $27.6B | ||
| Q1 25 | $5.1B | $28.3B | ||
| Q4 24 | $5.2B | $29.1B | ||
| Q3 24 | $5.3B | $29.6B | ||
| Q2 24 | $5.7B | $30.3B | ||
| Q1 24 | $6.4B | $30.1B |
| Q4 25 | — | 0.04× | ||
| Q3 25 | — | 0.04× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | 304.87× | — | ||
| Q4 24 | 53.67× | 0.04× | ||
| Q3 24 | 21.73× | 0.04× | ||
| Q2 24 | 7.48× | 0.12× | ||
| Q1 24 | 3.85× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $66.3M | $305.6M |
| Free Cash FlowOCF − Capex | $36.4M | — |
| FCF MarginFCF / Revenue | 14.8% | — |
| Capex IntensityCapex / Revenue | 12.1% | — |
| Cash ConversionOCF / Net Profit | — | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $-12.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $66.3M | $305.6M | ||
| Q3 25 | $19.9M | $91.7M | ||
| Q2 25 | $61.2M | $68.1M | ||
| Q1 25 | $-30.1M | $78.5M | ||
| Q4 24 | $-33.4M | $355.0M | ||
| Q3 24 | $72.8M | $89.9M | ||
| Q2 24 | $18.5M | $82.3M | ||
| Q1 24 | $49.7M | $87.6M |
| Q4 25 | $36.4M | — | ||
| Q3 25 | $-16.3M | — | ||
| Q2 25 | $36.6M | — | ||
| Q1 25 | $-68.9M | — | ||
| Q4 24 | $-63.8M | — | ||
| Q3 24 | $41.1M | — | ||
| Q2 24 | $-7.0M | — | ||
| Q1 24 | $19.2M | — |
| Q4 25 | 14.8% | — | ||
| Q3 25 | -6.6% | — | ||
| Q2 25 | 15.2% | — | ||
| Q1 25 | -29.8% | — | ||
| Q4 24 | -27.5% | — | ||
| Q3 24 | 17.8% | — | ||
| Q2 24 | -3.0% | — | ||
| Q1 24 | 8.2% | — |
| Q4 25 | 12.1% | — | ||
| Q3 25 | 14.7% | — | ||
| Q2 25 | 10.2% | — | ||
| Q1 25 | 16.8% | — | ||
| Q4 24 | 13.1% | — | ||
| Q3 24 | 13.8% | — | ||
| Q2 24 | 10.9% | — | ||
| Q1 24 | 13.0% | — |
| Q4 25 | — | 2.81× | ||
| Q3 25 | — | 1.28× | ||
| Q2 25 | — | 0.95× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 6.81× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.37× | ||
| Q1 24 | — | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
