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Side-by-side financial comparison of Ellington Financial Inc. (EFC) 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 $78.2M, roughly 1.1× Ellington Financial Inc.). Ellington Financial Inc. runs the higher net margin — 28.9% vs 26.8%, a 2.1% gap on every dollar of revenue. On growth, Ellington Financial Inc. posted the faster year-over-year revenue change (8.7% vs 3.4%). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 1.8%).
Ellington Management Group is an American hedge fund firm. As of June 2019, the firm was reportedly managing $8.5 billion in structured products and other credit instruments.
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.
EFC vs FMBH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $78.2M | $88.2M |
| Net Profit | $22.6M | $23.7M |
| Gross Margin | — | — |
| Operating Margin | 7.4% | 34.0% |
| Net Margin | 28.9% | 26.8% |
| Revenue YoY | 8.7% | 3.4% |
| Net Profit YoY | -26.2% | 23.5% |
| EPS (diluted) | $0.10 | $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 | $78.2M | $88.2M | ||
| Q3 25 | $82.8M | $89.3M | ||
| Q2 25 | $92.5M | $87.5M | ||
| Q1 25 | $82.9M | $84.3M | ||
| Q4 24 | $72.0M | $85.3M | ||
| Q3 24 | $67.0M | $80.6M | ||
| Q2 24 | $91.2M | $79.2M | ||
| Q1 24 | $75.5M | $79.9M |
| Q4 25 | $22.6M | $23.7M | ||
| Q3 25 | $29.5M | $22.5M | ||
| Q2 25 | $42.9M | $23.4M | ||
| Q1 25 | $31.6M | $22.2M | ||
| Q4 24 | $30.7M | $19.2M | ||
| Q3 24 | $16.2M | $19.5M | ||
| Q2 24 | $52.3M | $19.7M | ||
| Q1 24 | $26.9M | $20.5M |
| Q4 25 | 7.4% | 34.0% | ||
| Q3 25 | 31.1% | 32.2% | ||
| Q2 25 | 38.3% | 34.4% | ||
| Q1 25 | 37.3% | 33.4% | ||
| Q4 24 | 28.0% | 29.7% | ||
| Q3 24 | 24.0% | 31.5% | ||
| Q2 24 | 52.8% | 33.7% | ||
| Q1 24 | 42.2% | 33.7% |
| Q4 25 | 28.9% | 26.8% | ||
| Q3 25 | 35.7% | 25.2% | ||
| Q2 25 | 46.4% | 26.8% | ||
| Q1 25 | 38.2% | 26.3% | ||
| Q4 24 | 42.6% | 22.5% | ||
| Q3 24 | 24.1% | 24.2% | ||
| Q2 24 | 57.4% | 24.9% | ||
| Q1 24 | 35.6% | 25.6% |
| Q4 25 | $0.10 | $0.98 | ||
| Q3 25 | $0.29 | $0.94 | ||
| Q2 25 | $0.45 | $0.98 | ||
| Q1 25 | $0.35 | $0.93 | ||
| Q4 24 | $0.23 | $0.81 | ||
| Q3 24 | $0.19 | $0.81 | ||
| Q2 24 | $0.62 | $0.82 | ||
| Q1 24 | $0.32 | $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 | $201.9M | — |
| Total DebtLower is stronger | — | $354.5M |
| Stockholders' EquityBook value | $1.8B | $958.7M |
| Total Assets | $19.4B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $201.9M | — | ||
| Q3 25 | $184.8M | — | ||
| Q2 25 | $211.0M | — | ||
| Q1 25 | $203.3M | — | ||
| Q4 24 | $192.4M | — | ||
| Q3 24 | $217.7M | — | ||
| Q2 24 | $198.5M | — | ||
| Q1 24 | $187.5M | — |
| Q4 25 | — | $354.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | $958.7M | ||
| Q3 25 | $1.8B | $932.2M | ||
| Q2 25 | $1.7B | $894.1M | ||
| Q1 25 | $1.6B | $870.9M | ||
| Q4 24 | $1.6B | $846.4M | ||
| Q3 24 | $1.6B | $858.5M | ||
| Q2 24 | $1.6B | $813.6M | ||
| Q1 24 | $1.5B | $798.0M |
| Q4 25 | $19.4B | $8.0B | ||
| Q3 25 | $17.8B | $7.8B | ||
| Q2 25 | $17.1B | $7.7B | ||
| Q1 25 | $16.6B | $7.6B | ||
| Q4 24 | $16.3B | $7.5B | ||
| Q3 24 | $16.0B | $7.6B | ||
| Q2 24 | $15.1B | $7.6B | ||
| Q1 24 | $15.1B | $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 | $-925.5M | $130.9M |
| Free Cash FlowOCF − Capex | — | $124.0M |
| FCF MarginFCF / Revenue | — | 140.6% |
| Capex IntensityCapex / Revenue | 0.0% | 7.8% |
| Cash ConversionOCF / Net Profit | -40.92× | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-925.5M | $130.9M | ||
| Q3 25 | $-290.4M | $33.0M | ||
| Q2 25 | $-210.5M | $7.7M | ||
| Q1 25 | $-126.4M | $47.9M | ||
| Q4 24 | $-430.5M | $124.4M | ||
| Q3 24 | $-141.7M | $33.1M | ||
| Q2 24 | $-88.6M | $24.0M | ||
| Q1 24 | $-59.5M | $29.0M |
| Q4 25 | — | $124.0M | ||
| Q3 25 | — | $31.9M | ||
| Q2 25 | — | $6.0M | ||
| Q1 25 | — | $46.0M | ||
| Q4 24 | — | $119.5M | ||
| Q3 24 | — | $32.0M | ||
| Q2 24 | — | $22.9M | ||
| Q1 24 | — | $27.6M |
| Q4 25 | — | 140.6% | ||
| Q3 25 | — | 35.8% | ||
| Q2 25 | — | 6.8% | ||
| Q1 25 | — | 54.5% | ||
| Q4 24 | — | 140.0% | ||
| Q3 24 | — | 39.7% | ||
| Q2 24 | — | 28.9% | ||
| Q1 24 | — | 34.5% |
| Q4 25 | 0.0% | 7.8% | ||
| Q3 25 | — | 1.2% | ||
| Q2 25 | — | 2.0% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 0.0% | 5.8% | ||
| Q3 24 | 0.0% | 1.4% | ||
| Q2 24 | 0.0% | 1.4% | ||
| Q1 24 | 0.0% | 1.9% |
| Q4 25 | -40.92× | 5.53× | ||
| Q3 25 | -9.84× | 1.47× | ||
| Q2 25 | -4.90× | 0.33× | ||
| Q1 25 | -3.99× | 2.16× | ||
| Q4 24 | -14.04× | 6.49× | ||
| Q3 24 | -8.76× | 1.70× | ||
| Q2 24 | -1.69× | 1.21× | ||
| Q1 24 | -2.21× | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
