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Side-by-side financial comparison of Enhabit, Inc. (EHAB) 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 $270.4M, roughly 1.2× Enhabit, Inc.). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs -14.3%, a 49.1% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 4.7%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs 1.5%).
Enhabit, Inc., is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Enhabit is the fourth-largest provider of home health services in the United States and is a leading provider of hospice services. The company was formed in 2022 when Encompass Health spun off its home health and hospice business.
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.
EHAB vs FIBK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $270.4M | $313.0M |
| Net Profit | $-38.7M | $108.8M |
| Gross Margin | — | — |
| Operating Margin | -12.3% | 44.5% |
| Net Margin | -14.3% | 34.8% |
| Revenue YoY | 4.7% | 19.8% |
| Net Profit YoY | 15.9% | 108.8% |
| EPS (diluted) | $-0.76 | $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 | $270.4M | $313.0M | ||
| Q3 25 | $263.6M | $250.5M | ||
| Q2 25 | $266.1M | $248.3M | ||
| Q1 25 | $259.9M | $247.0M | ||
| Q4 24 | $258.2M | $261.3M | ||
| Q3 24 | $253.6M | $251.9M | ||
| Q2 24 | $260.6M | $244.3M | ||
| Q1 24 | $262.4M | $242.2M |
| Q4 25 | $-38.7M | $108.8M | ||
| Q3 25 | $11.1M | $71.4M | ||
| Q2 25 | $5.2M | $71.7M | ||
| Q1 25 | $17.8M | $50.2M | ||
| Q4 24 | $-46.0M | $52.1M | ||
| Q3 24 | $-110.2M | $55.5M | ||
| Q2 24 | $-200.0K | $60.0M | ||
| Q1 24 | $200.0K | $58.4M |
| Q4 25 | -12.3% | 44.5% | ||
| Q3 25 | 6.4% | 37.0% | ||
| Q2 25 | 6.3% | 37.7% | ||
| Q1 25 | 6.1% | 26.9% | ||
| Q4 24 | -16.0% | 25.5% | ||
| Q3 24 | -38.6% | 28.9% | ||
| Q2 24 | 4.3% | 32.1% | ||
| Q1 24 | 4.9% | 31.7% |
| Q4 25 | -14.3% | 34.8% | ||
| Q3 25 | 4.2% | 28.5% | ||
| Q2 25 | 2.0% | 28.9% | ||
| Q1 25 | 6.8% | 20.3% | ||
| Q4 24 | -17.8% | 19.9% | ||
| Q3 24 | -43.5% | 22.0% | ||
| Q2 24 | -0.1% | 24.6% | ||
| Q1 24 | 0.1% | 24.1% |
| Q4 25 | $-0.76 | $1.07 | ||
| Q3 25 | $0.22 | $0.69 | ||
| Q2 25 | $0.10 | $0.69 | ||
| Q1 25 | $0.35 | $0.49 | ||
| Q4 24 | $-0.92 | $0.50 | ||
| Q3 24 | $-2.20 | $0.54 | ||
| Q2 24 | $0.00 | $0.58 | ||
| Q1 24 | $0.01 | $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 | $43.6M | — |
| Total DebtLower is stronger | $426.0M | $146.3M |
| Stockholders' EquityBook value | $534.0M | $3.4B |
| Total Assets | $1.2B | $26.6B |
| Debt / EquityLower = less leverage | 0.80× | 0.04× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.6M | — | ||
| Q3 25 | $56.9M | — | ||
| Q2 25 | $37.1M | — | ||
| Q1 25 | $39.5M | — | ||
| Q4 24 | $28.4M | — | ||
| Q3 24 | $45.7M | — | ||
| Q2 24 | $28.5M | — | ||
| Q1 24 | $36.5M | — |
| Q4 25 | $426.0M | $146.3M | ||
| Q3 25 | $441.5M | $146.2M | ||
| Q2 25 | $456.9M | $252.0M | ||
| Q1 25 | $467.3M | — | ||
| Q4 24 | $492.6M | $132.2M | ||
| Q3 24 | $502.9M | $137.3M | ||
| Q2 24 | $512.7M | $383.4M | ||
| Q1 24 | $526.7M | $370.8M |
| Q4 25 | $534.0M | $3.4B | ||
| Q3 25 | $566.8M | $3.4B | ||
| Q2 25 | $552.4M | $3.4B | ||
| Q1 25 | $543.2M | $3.4B | ||
| Q4 24 | $523.5M | $3.3B | ||
| Q3 24 | $566.1M | $3.4B | ||
| Q2 24 | $674.3M | $3.2B | ||
| Q1 24 | $672.3M | $3.2B |
| Q4 25 | $1.2B | $26.6B | ||
| Q3 25 | $1.2B | $27.3B | ||
| Q2 25 | $1.2B | $27.6B | ||
| Q1 25 | $1.2B | $28.3B | ||
| Q4 24 | $1.2B | $29.1B | ||
| Q3 24 | $1.3B | $29.6B | ||
| Q2 24 | $1.4B | $30.3B | ||
| Q1 24 | $1.4B | $30.1B |
| Q4 25 | 0.80× | 0.04× | ||
| Q3 25 | 0.78× | 0.04× | ||
| Q2 25 | 0.83× | 0.07× | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 0.94× | 0.04× | ||
| Q3 24 | 0.89× | 0.04× | ||
| Q2 24 | 0.76× | 0.12× | ||
| Q1 24 | 0.78× | 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 | $4.4M | $305.6M |
| Free Cash FlowOCF − Capex | $3.3M | — |
| FCF MarginFCF / Revenue | 1.2% | — |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | — | 2.81× |
| TTM Free Cash FlowTrailing 4 quarters | $65.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.4M | $305.6M | ||
| Q3 25 | $37.8M | $91.7M | ||
| Q2 25 | $10.6M | $68.1M | ||
| Q1 25 | $17.9M | $78.5M | ||
| Q4 24 | $-4.1M | $355.0M | ||
| Q3 24 | $28.4M | $89.9M | ||
| Q2 24 | $9.6M | $82.3M | ||
| Q1 24 | $17.3M | $87.6M |
| Q4 25 | $3.3M | — | ||
| Q3 25 | $36.2M | — | ||
| Q2 25 | $8.7M | — | ||
| Q1 25 | $17.6M | — | ||
| Q4 24 | $-4.7M | — | ||
| Q3 24 | $27.7M | — | ||
| Q2 24 | $8.9M | — | ||
| Q1 24 | $15.5M | — |
| Q4 25 | 1.2% | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 3.3% | — | ||
| Q1 25 | 6.8% | — | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | 10.9% | — | ||
| Q2 24 | 3.4% | — | ||
| Q1 24 | 5.9% | — |
| Q4 25 | 0.4% | — | ||
| Q3 25 | 0.6% | — | ||
| Q2 25 | 0.7% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | — | ||
| Q3 24 | 0.3% | — | ||
| Q2 24 | 0.3% | — | ||
| Q1 24 | 0.7% | — |
| Q4 25 | — | 2.81× | ||
| Q3 25 | 3.41× | 1.28× | ||
| Q2 25 | 2.04× | 0.95× | ||
| Q1 25 | 1.01× | 1.56× | ||
| Q4 24 | — | 6.81× | ||
| Q3 24 | — | 1.62× | ||
| Q2 24 | — | 1.37× | ||
| Q1 24 | 86.50× | 1.50× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EHAB
| Third Party Payor Medicare | $111.6M | 41% |
| Third Party Payor Medicare Advantage | $67.5M | 25% |
| Hospice Segment | $63.6M | 24% |
| Third Party Payor Managed Care | $24.9M | 9% |
| Third Party Payor Medicaid | $1.7M | 1% |
FIBK
Segment breakdown not available.
