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Side-by-side financial comparison of FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) and VIEMED HEALTHCARE, INC. (VMD). Click either name above to swap in a different company.

VIEMED HEALTHCARE, INC. is the larger business by last-quarter revenue ($76.2M vs $44.3M, roughly 1.7× FIRST BUSINESS FINANCIAL SERVICES, INC.). FIRST BUSINESS FINANCIAL SERVICES, INC. runs the higher net margin — 27.5% vs 7.4%, a 20.1% gap on every dollar of revenue. On growth, VIEMED HEALTHCARE, INC. posted the faster year-over-year revenue change (25.5% vs 8.5%). Over the past eight quarters, VIEMED HEALTHCARE, INC.'s revenue compounded faster (22.7% CAGR vs 8.0%).

The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is one of the largest banks in the US by assets and by number of branches, deposits, and ATMs.

Viemed Healthcare, Inc. is a medical technology firm specializing in respiratory care solutions. It develops, manufactures and distributes portable ventilators, respiratory therapy devices and related support services, catering to acute care, post-acute care and home care segments across North America, Europe and key Asia-Pacific markets for patients with respiratory conditions.

FBIZ vs VMD — Head-to-Head

Bigger by revenue
VMD
VMD
1.7× larger
VMD
$76.2M
$44.3M
FBIZ
Growing faster (revenue YoY)
VMD
VMD
+17.1% gap
VMD
25.5%
8.5%
FBIZ
Higher net margin
FBIZ
FBIZ
20.1% more per $
FBIZ
27.5%
7.4%
VMD
Faster 2-yr revenue CAGR
VMD
VMD
Annualised
VMD
22.7%
8.0%
FBIZ

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FBIZ
FBIZ
VMD
VMD
Revenue
$44.3M
$76.2M
Net Profit
$12.2M
$5.6M
Gross Margin
57.9%
Operating Margin
11.0%
Net Margin
27.5%
7.4%
Revenue YoY
8.5%
25.5%
Net Profit YoY
9.2%
30.7%
EPS (diluted)
$1.44
$0.14

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
FBIZ
FBIZ
VMD
VMD
Q1 26
$44.3M
Q4 25
$42.2M
$76.2M
Q3 25
$44.5M
$71.9M
Q2 25
$41.0M
$63.1M
Q1 25
$40.8M
$59.1M
Q4 24
$41.2M
$60.7M
Q3 24
$38.1M
$58.0M
Q2 24
$38.0M
$55.0M
Net Profit
FBIZ
FBIZ
VMD
VMD
Q1 26
$12.2M
Q4 25
$13.3M
$5.6M
Q3 25
$14.4M
$3.5M
Q2 25
$11.4M
$3.2M
Q1 25
$11.2M
$2.6M
Q4 24
$14.4M
$4.3M
Q3 24
$10.5M
$3.9M
Q2 24
$10.5M
$1.5M
Gross Margin
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
57.9%
Q3 25
57.5%
Q2 25
58.3%
Q1 25
56.3%
Q4 24
59.5%
Q3 24
59.3%
Q2 24
59.8%
Operating Margin
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
38.5%
11.0%
Q3 25
39.0%
7.8%
Q2 25
32.6%
8.1%
Q1 25
33.0%
6.5%
Q4 24
37.2%
10.6%
Q3 24
33.8%
9.7%
Q2 24
32.6%
6.6%
Net Margin
FBIZ
FBIZ
VMD
VMD
Q1 26
27.5%
Q4 25
31.6%
7.4%
Q3 25
32.3%
4.9%
Q2 25
27.8%
5.0%
Q1 25
27.4%
4.4%
Q4 24
35.0%
7.1%
Q3 24
27.6%
6.7%
Q2 24
27.5%
2.7%
EPS (diluted)
FBIZ
FBIZ
VMD
VMD
Q1 26
$1.44
Q4 25
$1.57
$0.14
Q3 25
$1.70
$0.09
Q2 25
$1.35
$0.08
Q1 25
$1.32
$0.06
Q4 24
$1.69
$0.10
Q3 24
$1.24
$0.10
Q2 24
$1.23
$0.04

Balance Sheet & Financial Strength

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

Metric
FBIZ
FBIZ
VMD
VMD
Cash + ST InvestmentsLiquidity on hand
$265.8M
$13.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$141.5M
Total Assets
$4.3B
$199.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FBIZ
FBIZ
VMD
VMD
Q1 26
$265.8M
Q4 25
$39.5M
$13.5M
Q3 25
$44.3M
$11.1M
Q2 25
$123.2M
$20.0M
Q1 25
$170.6M
$10.2M
Q4 24
$157.7M
$17.5M
Q3 24
$132.0M
$11.3M
Q2 24
$81.1M
$8.8M
Stockholders' Equity
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
$371.6M
$141.5M
Q3 25
$358.3M
$133.6M
Q2 25
$344.8M
$139.7M
Q1 25
$336.1M
$134.8M
Q4 24
$328.6M
$131.4M
Q3 24
$312.0M
$125.0M
Q2 24
$305.2M
$119.4M
Total Assets
FBIZ
FBIZ
VMD
VMD
Q1 26
$4.3B
Q4 25
$4.1B
$199.2M
Q3 25
$4.0B
$202.4M
Q2 25
$4.0B
$184.6M
Q1 25
$3.9B
$178.1M
Q4 24
$3.9B
$177.1M
Q3 24
$3.7B
$169.5M
Q2 24
$3.9B
$163.9M

Cash Flow & Capital Efficiency

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

Metric
FBIZ
FBIZ
VMD
VMD
Operating Cash FlowLast quarter
$18.4M
Free Cash FlowOCF − Capex
$9.7M
FCF MarginFCF / Revenue
12.7%
Capex IntensityCapex / Revenue
11.5%
Cash ConversionOCF / Net Profit
3.27×
TTM Free Cash FlowTrailing 4 quarters
$11.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
$61.7M
$18.4M
Q3 25
$18.4M
$18.4M
Q2 25
$15.8M
$12.3M
Q1 25
$11.3M
$2.9M
Q4 24
$57.5M
$15.0M
Q3 24
$13.8M
$12.7M
Q2 24
$13.1M
$10.2M
Free Cash Flow
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
$61.1M
$9.7M
Q3 25
$18.3M
$10.7M
Q2 25
$15.5M
$4.1M
Q1 25
$11.2M
$-12.6M
Q4 24
$57.3M
$3.2M
Q3 24
$13.2M
$1.7M
Q2 24
$12.7M
$1.2M
FCF Margin
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
144.7%
12.7%
Q3 25
41.0%
14.9%
Q2 25
37.8%
6.5%
Q1 25
27.5%
-21.4%
Q4 24
139.2%
5.2%
Q3 24
34.6%
3.0%
Q2 24
33.3%
2.3%
Capex Intensity
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
1.4%
11.5%
Q3 25
0.3%
10.6%
Q2 25
0.8%
12.9%
Q1 25
0.2%
26.2%
Q4 24
0.5%
19.5%
Q3 24
1.6%
19.0%
Q2 24
1.1%
16.3%
Cash Conversion
FBIZ
FBIZ
VMD
VMD
Q1 26
Q4 25
4.63×
3.27×
Q3 25
1.28×
5.23×
Q2 25
1.39×
3.88×
Q1 25
1.01×
1.09×
Q4 24
3.99×
3.47×
Q3 24
1.31×
3.29×
Q2 24
1.25×
6.94×

Financial Flow Comparison

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

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