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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.
Emerald Holding, Inc. is the larger business by last-quarter revenue ($132.7M vs $88.2M, roughly 1.5× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -22.8%, a 49.6% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $11.7M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.
EEX vs FMBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $88.2M |
| Net Profit | $-30.2M | $23.7M |
| Gross Margin | — | — |
| Operating Margin | -11.8% | 34.0% |
| Net Margin | -22.8% | 26.8% |
| Revenue YoY | 24.3% | 3.4% |
| Net Profit YoY | -692.2% | 23.5% |
| EPS (diluted) | $-0.15 | $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.
| Q4 25 | $132.7M | $88.2M | ||
| Q3 25 | $77.5M | $89.3M | ||
| Q2 25 | $105.5M | $87.5M | ||
| Q1 25 | $147.7M | $84.3M | ||
| Q4 24 | $106.8M | $85.3M | ||
| Q3 24 | $72.6M | $80.6M | ||
| Q2 24 | $86.0M | $79.2M | ||
| Q1 24 | $133.4M | $79.9M |
| Q4 25 | $-30.2M | $23.7M | ||
| Q3 25 | $-14.4M | $22.5M | ||
| Q2 25 | $-1.4M | $23.4M | ||
| Q1 25 | $15.3M | $22.2M | ||
| Q4 24 | $5.1M | $19.2M | ||
| Q3 24 | $-11.1M | $19.5M | ||
| Q2 24 | $-2.8M | $19.7M | ||
| Q1 24 | $11.0M | $20.5M |
| Q4 25 | -11.8% | 34.0% | ||
| Q3 25 | -10.1% | 32.2% | ||
| Q2 25 | 9.7% | 34.4% | ||
| Q1 25 | 24.2% | 33.4% | ||
| Q4 24 | 19.5% | 29.7% | ||
| Q3 24 | -6.5% | 31.5% | ||
| Q2 24 | 7.4% | 33.7% | ||
| Q1 24 | 18.2% | 33.7% |
| Q4 25 | -22.8% | 26.8% | ||
| Q3 25 | -18.6% | 25.2% | ||
| Q2 25 | -1.3% | 26.8% | ||
| Q1 25 | 10.4% | 26.3% | ||
| Q4 24 | 4.8% | 22.5% | ||
| Q3 24 | -15.3% | 24.2% | ||
| Q2 24 | -3.3% | 24.9% | ||
| Q1 24 | 8.2% | 25.6% |
| Q4 25 | $-0.15 | $0.98 | ||
| Q3 25 | $-0.07 | $0.94 | ||
| Q2 25 | $-0.01 | $0.98 | ||
| Q1 25 | $0.08 | $0.93 | ||
| Q4 24 | $0.01 | $0.81 | ||
| Q3 24 | $-0.05 | $0.81 | ||
| Q2 24 | $-0.03 | $0.82 | ||
| Q1 24 | $0.00 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | — |
| Total DebtLower is stronger | — | $354.5M |
| Stockholders' EquityBook value | $338.8M | $958.7M |
| Total Assets | $1.2B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | — | ||
| Q3 25 | $95.4M | — | ||
| Q2 25 | $156.4M | — | ||
| Q1 25 | $276.8M | — | ||
| Q4 24 | $194.8M | — | ||
| Q3 24 | $188.9M | — | ||
| Q2 24 | $193.2M | — | ||
| Q1 24 | $186.8M | — |
| Q4 25 | — | $354.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $338.8M | $958.7M | ||
| Q3 25 | $369.5M | $932.2M | ||
| Q2 25 | $389.4M | $894.1M | ||
| Q1 25 | $392.1M | $870.9M | ||
| Q4 24 | $385.9M | $846.4M | ||
| Q3 24 | $391.1M | $858.5M | ||
| Q2 24 | $407.6M | $813.6M | ||
| Q1 24 | $-90.7M | $798.0M |
| Q4 25 | $1.2B | $8.0B | ||
| Q3 25 | $1.2B | $7.8B | ||
| Q2 25 | $1.2B | $7.7B | ||
| Q1 25 | $1.2B | $7.6B | ||
| Q4 24 | $1.0B | $7.5B | ||
| Q3 24 | $1.1B | $7.6B | ||
| Q2 24 | $1.1B | $7.6B | ||
| Q1 24 | $1.1B | $7.7B |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $12.3M | $130.9M |
| Free Cash FlowOCF − Capex | $11.7M | $124.0M |
| FCF MarginFCF / Revenue | 8.8% | 140.6% |
| Capex IntensityCapex / Revenue | 0.5% | 7.8% |
| Cash ConversionOCF / Net Profit | — | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $130.9M | ||
| Q3 25 | $1.8M | $33.0M | ||
| Q2 25 | $15.9M | $7.7M | ||
| Q1 25 | $12.6M | $47.9M | ||
| Q4 24 | $20.6M | $124.4M | ||
| Q3 24 | $9.1M | $33.1M | ||
| Q2 24 | $9.8M | $24.0M | ||
| Q1 24 | $7.3M | $29.0M |
| Q4 25 | $11.7M | $124.0M | ||
| Q3 25 | $1.5M | $31.9M | ||
| Q2 25 | $15.8M | $6.0M | ||
| Q1 25 | $12.4M | $46.0M | ||
| Q4 24 | $19.9M | $119.5M | ||
| Q3 24 | $9.0M | $32.0M | ||
| Q2 24 | $9.6M | $22.9M | ||
| Q1 24 | $7.0M | $27.6M |
| Q4 25 | 8.8% | 140.6% | ||
| Q3 25 | 1.9% | 35.8% | ||
| Q2 25 | 15.0% | 6.8% | ||
| Q1 25 | 8.4% | 54.5% | ||
| Q4 24 | 18.6% | 140.0% | ||
| Q3 24 | 12.4% | 39.7% | ||
| Q2 24 | 11.2% | 28.9% | ||
| Q1 24 | 5.2% | 34.5% |
| Q4 25 | 0.5% | 7.8% | ||
| Q3 25 | 0.4% | 1.2% | ||
| Q2 25 | 0.1% | 2.0% | ||
| Q1 25 | 0.1% | 2.3% | ||
| Q4 24 | 0.7% | 5.8% | ||
| Q3 24 | 0.1% | 1.4% | ||
| Q2 24 | 0.2% | 1.4% | ||
| Q1 24 | 0.2% | 1.9% |
| Q4 25 | — | 5.53× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | 0.82× | 2.16× | ||
| Q4 24 | 4.04× | 6.49× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | 0.66× | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
FMBH
Segment breakdown not available.
