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Side-by-side financial comparison of EXPONENT INC (EXPO) 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 $166.3M, roughly 1.9× EXPONENT INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 17.8%, a 17.0% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 14.3%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs 8.8%).

Exponent, Inc. is an American engineering and scientific consulting firm. Exponent has a team of scientists, physicians, engineers, and business consultants which performs research and analysis in more than 90 technical disciplines. The company operates 20 offices in the United States and five offices overseas.

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.

EXPO vs FIBK — Head-to-Head

Bigger by revenue
FIBK
FIBK
1.9× larger
FIBK
$313.0M
$166.3M
EXPO
Growing faster (revenue YoY)
FIBK
FIBK
+5.5% gap
FIBK
19.8%
14.3%
EXPO
Higher net margin
FIBK
FIBK
17.0% more per $
FIBK
34.8%
17.8%
EXPO
Faster 2-yr revenue CAGR
FIBK
FIBK
Annualised
FIBK
13.7%
8.8%
EXPO

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
EXPO
EXPO
FIBK
FIBK
Revenue
$166.3M
$313.0M
Net Profit
$29.6M
$108.8M
Gross Margin
Operating Margin
24.9%
44.5%
Net Margin
17.8%
34.8%
Revenue YoY
14.3%
19.8%
Net Profit YoY
11.0%
108.8%
EPS (diluted)
$0.59
$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.

Revenue
EXPO
EXPO
FIBK
FIBK
Q1 26
$166.3M
Q4 25
$147.1M
$313.0M
Q3 25
$142.0M
$250.5M
Q2 25
$145.5M
$248.3M
Q1 25
$136.8M
$247.0M
Q4 24
$261.3M
Q3 24
$136.3M
$251.9M
Q2 24
$140.5M
$244.3M
Net Profit
EXPO
EXPO
FIBK
FIBK
Q1 26
$29.6M
Q4 25
$28.0M
$108.8M
Q3 25
$26.6M
$71.4M
Q2 25
$26.6M
$71.7M
Q1 25
$23.6M
$50.2M
Q4 24
$52.1M
Q3 24
$26.0M
$55.5M
Q2 24
$29.2M
$60.0M
Operating Margin
EXPO
EXPO
FIBK
FIBK
Q1 26
24.9%
Q4 25
19.7%
44.5%
Q3 25
12.1%
37.0%
Q2 25
30.5%
37.7%
Q1 25
19.9%
26.9%
Q4 24
25.5%
Q3 24
19.0%
28.9%
Q2 24
25.4%
32.1%
Net Margin
EXPO
EXPO
FIBK
FIBK
Q1 26
17.8%
Q4 25
19.1%
34.8%
Q3 25
18.7%
28.5%
Q2 25
18.3%
28.9%
Q1 25
17.2%
20.3%
Q4 24
19.9%
Q3 24
19.1%
22.0%
Q2 24
20.8%
24.6%
EPS (diluted)
EXPO
EXPO
FIBK
FIBK
Q1 26
$0.59
Q4 25
$0.55
$1.07
Q3 25
$0.52
$0.69
Q2 25
$0.52
$0.69
Q1 25
$0.45
$0.49
Q4 24
$0.50
Q3 24
$0.50
$0.54
Q2 24
$0.57
$0.58

Balance Sheet & Financial Strength

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

Metric
EXPO
EXPO
FIBK
FIBK
Cash + ST InvestmentsLiquidity on hand
$118.6M
Total DebtLower is stronger
$146.3M
Stockholders' EquityBook value
$338.3M
$3.4B
Total Assets
$687.4M
$26.6B
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EXPO
EXPO
FIBK
FIBK
Q1 26
$118.6M
Q4 25
$207.4M
Q3 25
$231.8M
Q2 25
$245.1M
Q1 25
$258.9M
Q4 24
Q3 24
$219.7M
Q2 24
$203.3M
Total Debt
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
$146.3M
Q3 25
$146.2M
Q2 25
$252.0M
Q1 25
Q4 24
$132.2M
Q3 24
$137.3M
Q2 24
$383.4M
Stockholders' Equity
EXPO
EXPO
FIBK
FIBK
Q1 26
$338.3M
Q4 25
$402.9M
$3.4B
Q3 25
$427.8M
$3.4B
Q2 25
$441.4M
$3.4B
Q1 25
$421.1M
$3.4B
Q4 24
$3.3B
Q3 24
$410.3M
$3.4B
Q2 24
$393.2M
$3.2B
Total Assets
EXPO
EXPO
FIBK
FIBK
Q1 26
$687.4M
Q4 25
$761.4M
$26.6B
Q3 25
$759.4M
$27.3B
Q2 25
$763.2M
$27.6B
Q1 25
$777.3M
$28.3B
Q4 24
$29.1B
Q3 24
$744.1M
$29.6B
Q2 24
$709.2M
$30.3B
Debt / Equity
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.07×
Q1 25
Q4 24
0.04×
Q3 24
0.04×
Q2 24
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
EXPO
EXPO
FIBK
FIBK
Operating Cash FlowLast quarter
$305.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
2.81×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
$32.7M
$305.6M
Q3 25
$36.2M
$91.7M
Q2 25
$7.3M
$68.1M
Q1 25
$56.1M
$78.5M
Q4 24
$355.0M
Q3 24
$29.7M
$89.9M
Q2 24
$48.3M
$82.3M
Free Cash Flow
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
$30.0M
Q3 25
$33.9M
Q2 25
$5.5M
Q1 25
$53.5M
Q4 24
Q3 24
$28.0M
Q2 24
$47.2M
FCF Margin
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
20.4%
Q3 25
23.9%
Q2 25
3.8%
Q1 25
39.1%
Q4 24
Q3 24
20.5%
Q2 24
33.6%
Capex Intensity
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
1.8%
Q3 25
1.6%
Q2 25
1.2%
Q1 25
1.9%
Q4 24
Q3 24
1.3%
Q2 24
0.8%
Cash Conversion
EXPO
EXPO
FIBK
FIBK
Q1 26
Q4 25
1.16×
2.81×
Q3 25
1.36×
1.28×
Q2 25
0.27×
0.95×
Q1 25
2.38×
1.56×
Q4 24
6.81×
Q3 24
1.14×
1.62×
Q2 24
1.65×
1.37×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EXPO
EXPO

Revenues before reimbursements$151.8M91%
Reimbursements$14.5M9%

FIBK
FIBK

Segment breakdown not available.

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