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Side-by-side financial comparison of ENNIS, INC. (EBF) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.

ENNIS, INC. is the larger business by last-quarter revenue ($100.2M vs $88.2M, roughly 1.1× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 10.8%, a 16.0% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs 0.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $15.7M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 1.4%).

ENNIS, INC. (ticker EBF) is a leading North American provider of printed business products and related services. Its offerings include custom business forms, pressure-sensitive labels, marketing collateral, promotional items, and branded packaging, serving clients across retail, healthcare, financial services, and small business segments.

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.

EBF vs FMBH — Head-to-Head

Bigger by revenue
EBF
EBF
1.1× larger
EBF
$100.2M
$88.2M
FMBH
Growing faster (revenue YoY)
FMBH
FMBH
+3.0% gap
FMBH
3.4%
0.4%
EBF
Higher net margin
FMBH
FMBH
16.0% more per $
FMBH
26.8%
10.8%
EBF
More free cash flow
FMBH
FMBH
$108.3M more FCF
FMBH
$124.0M
$15.7M
EBF
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
1.4%
EBF

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
EBF
EBF
FMBH
FMBH
Revenue
$100.2M
$88.2M
Net Profit
$10.8M
$23.7M
Gross Margin
31.9%
Operating Margin
15.0%
34.0%
Net Margin
10.8%
26.8%
Revenue YoY
0.4%
3.4%
Net Profit YoY
6.1%
23.5%
EPS (diluted)
$0.42
$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
EBF
EBF
FMBH
FMBH
Q4 25
$100.2M
$88.2M
Q3 25
$98.7M
$89.3M
Q2 25
$97.2M
$87.5M
Q1 25
$92.7M
$84.3M
Q4 24
$99.8M
$85.3M
Q3 24
$99.0M
$80.6M
Q2 24
$103.1M
$79.2M
Q1 24
$97.4M
$79.9M
Net Profit
EBF
EBF
FMBH
FMBH
Q4 25
$10.8M
$23.7M
Q3 25
$13.2M
$22.5M
Q2 25
$9.8M
$23.4M
Q1 25
$9.0M
$22.2M
Q4 24
$10.2M
$19.2M
Q3 24
$10.3M
$19.5M
Q2 24
$10.7M
$19.7M
Q1 24
$10.1M
$20.5M
Gross Margin
EBF
EBF
FMBH
FMBH
Q4 25
31.9%
Q3 25
30.5%
Q2 25
31.1%
Q1 25
29.5%
Q4 24
29.3%
Q3 24
30.1%
Q2 24
30.0%
Q1 24
28.4%
Operating Margin
EBF
EBF
FMBH
FMBH
Q4 25
15.0%
34.0%
Q3 25
12.5%
32.2%
Q2 25
13.7%
34.4%
Q1 25
13.0%
33.4%
Q4 24
13.1%
29.7%
Q3 24
13.3%
31.5%
Q2 24
13.3%
33.7%
Q1 24
13.3%
33.7%
Net Margin
EBF
EBF
FMBH
FMBH
Q4 25
10.8%
26.8%
Q3 25
13.3%
25.2%
Q2 25
10.1%
26.8%
Q1 25
9.7%
26.3%
Q4 24
10.2%
22.5%
Q3 24
10.4%
24.2%
Q2 24
10.4%
24.9%
Q1 24
10.4%
25.6%
EPS (diluted)
EBF
EBF
FMBH
FMBH
Q4 25
$0.42
$0.98
Q3 25
$0.51
$0.94
Q2 25
$0.38
$0.98
Q1 25
$0.34
$0.93
Q4 24
$0.39
$0.81
Q3 24
$0.40
$0.81
Q2 24
$0.41
$0.82
Q1 24
$0.39
$0.86

Balance Sheet & Financial Strength

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

Metric
EBF
EBF
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
$31.3M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$304.8M
$958.7M
Total Assets
$354.3M
$8.0B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EBF
EBF
FMBH
FMBH
Q4 25
$31.3M
Q3 25
$31.9M
Q2 25
$32.6M
Q1 25
$72.5M
Q4 24
$68.6M
Q3 24
$122.6M
Q2 24
$123.7M
Q1 24
$110.9M
Total Debt
EBF
EBF
FMBH
FMBH
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EBF
EBF
FMBH
FMBH
Q4 25
$304.8M
$958.7M
Q3 25
$305.4M
$932.2M
Q2 25
$301.2M
$894.1M
Q1 25
$302.0M
$870.9M
Q4 24
$297.7M
$846.4M
Q3 24
$358.4M
$858.5M
Q2 24
$354.4M
$813.6M
Q1 24
$349.8M
$798.0M
Total Assets
EBF
EBF
FMBH
FMBH
Q4 25
$354.3M
$8.0B
Q3 25
$361.8M
$7.8B
Q2 25
$361.7M
$7.7B
Q1 25
$348.9M
$7.6B
Q4 24
$346.1M
$7.5B
Q3 24
$406.8M
$7.6B
Q2 24
$406.2M
$7.6B
Q1 24
$399.2M
$7.7B
Debt / Equity
EBF
EBF
FMBH
FMBH
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EBF
EBF
FMBH
FMBH
Operating Cash FlowLast quarter
$16.4M
$130.9M
Free Cash FlowOCF − Capex
$15.7M
$124.0M
FCF MarginFCF / Revenue
15.7%
140.6%
Capex IntensityCapex / Revenue
0.7%
7.8%
Cash ConversionOCF / Net Profit
1.52×
5.53×
TTM Free Cash FlowTrailing 4 quarters
$42.5M
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EBF
EBF
FMBH
FMBH
Q4 25
$16.4M
$130.9M
Q3 25
$10.5M
$33.0M
Q2 25
$8.0M
$7.7M
Q1 25
$12.8M
$47.9M
Q4 24
$18.2M
$124.4M
Q3 24
$11.8M
$33.1M
Q2 24
$23.1M
$24.0M
Q1 24
$16.6M
$29.0M
Free Cash Flow
EBF
EBF
FMBH
FMBH
Q4 25
$15.7M
$124.0M
Q3 25
$9.0M
$31.9M
Q2 25
$6.6M
$6.0M
Q1 25
$11.1M
$46.0M
Q4 24
$17.5M
$119.5M
Q3 24
$10.7M
$32.0M
Q2 24
$20.6M
$22.9M
Q1 24
$15.0M
$27.6M
FCF Margin
EBF
EBF
FMBH
FMBH
Q4 25
15.7%
140.6%
Q3 25
9.2%
35.8%
Q2 25
6.8%
6.8%
Q1 25
12.0%
54.5%
Q4 24
17.6%
140.0%
Q3 24
10.8%
39.7%
Q2 24
20.0%
28.9%
Q1 24
15.3%
34.5%
Capex Intensity
EBF
EBF
FMBH
FMBH
Q4 25
0.7%
7.8%
Q3 25
1.4%
1.2%
Q2 25
1.4%
2.0%
Q1 25
1.8%
2.3%
Q4 24
0.6%
5.8%
Q3 24
1.1%
1.4%
Q2 24
2.4%
1.4%
Q1 24
1.7%
1.9%
Cash Conversion
EBF
EBF
FMBH
FMBH
Q4 25
1.52×
5.53×
Q3 25
0.80×
1.47×
Q2 25
0.81×
0.33×
Q1 25
1.41×
2.16×
Q4 24
1.78×
6.49×
Q3 24
1.15×
1.70×
Q2 24
2.16×
1.21×
Q1 24
1.63×
1.42×

Financial Flow Comparison

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

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