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Side-by-side financial comparison of FIRST INTERSTATE BANCSYSTEM INC (FIBK) and Limbach Holdings, Inc. (LMB). 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 $186.9M, roughly 1.7× Limbach Holdings, Inc.). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 6.6%, a 28.2% gap on every dollar of revenue. On growth, Limbach Holdings, Inc. posted the faster year-over-year revenue change (30.1% vs 19.8%). Over the past eight quarters, Limbach Holdings, Inc.'s revenue compounded faster (25.3% CAGR vs 13.7%).
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.
Limbach Flugmotoren is a Chinese-owned company based in Germany that produces aircraft engines.
FIBK vs LMB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $313.0M | $186.9M |
| Net Profit | $108.8M | $12.3M |
| Gross Margin | — | 25.7% |
| Operating Margin | 44.5% | 9.4% |
| Net Margin | 34.8% | 6.6% |
| Revenue YoY | 19.8% | 30.1% |
| Net Profit YoY | 108.8% | 25.0% |
| EPS (diluted) | $1.07 | $1.01 |
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 | $313.0M | $186.9M | ||
| Q3 25 | $250.5M | $184.6M | ||
| Q2 25 | $248.3M | $142.2M | ||
| Q1 25 | $247.0M | $133.1M | ||
| Q4 24 | $261.3M | $143.7M | ||
| Q3 24 | $251.9M | $133.9M | ||
| Q2 24 | $244.3M | $122.2M | ||
| Q1 24 | $242.2M | $119.0M |
| Q4 25 | $108.8M | $12.3M | ||
| Q3 25 | $71.4M | $8.8M | ||
| Q2 25 | $71.7M | $7.8M | ||
| Q1 25 | $50.2M | $10.2M | ||
| Q4 24 | $52.1M | $9.8M | ||
| Q3 24 | $55.5M | $7.5M | ||
| Q2 24 | $60.0M | $6.0M | ||
| Q1 24 | $58.4M | $7.6M |
| Q4 25 | — | 25.7% | ||
| Q3 25 | — | 24.2% | ||
| Q2 25 | — | 28.0% | ||
| Q1 25 | — | 27.6% | ||
| Q4 24 | — | 30.3% | ||
| Q3 24 | — | 27.0% | ||
| Q2 24 | — | 27.4% | ||
| Q1 24 | — | 26.1% |
| Q4 25 | 44.5% | 9.4% | ||
| Q3 25 | 37.0% | 7.2% | ||
| Q2 25 | 37.7% | 7.5% | ||
| Q1 25 | 26.9% | 5.9% | ||
| Q4 24 | 25.5% | 9.1% | ||
| Q3 24 | 28.9% | 8.1% | ||
| Q2 24 | 32.1% | 6.7% | ||
| Q1 24 | 31.7% | 5.5% |
| Q4 25 | 34.8% | 6.6% | ||
| Q3 25 | 28.5% | 4.8% | ||
| Q2 25 | 28.9% | 5.5% | ||
| Q1 25 | 20.3% | 7.7% | ||
| Q4 24 | 19.9% | 6.9% | ||
| Q3 24 | 22.0% | 5.6% | ||
| Q2 24 | 24.6% | 4.9% | ||
| Q1 24 | 24.1% | 6.4% |
| Q4 25 | $1.07 | $1.01 | ||
| Q3 25 | $0.69 | $0.73 | ||
| Q2 25 | $0.69 | $0.64 | ||
| Q1 25 | $0.49 | $0.85 | ||
| Q4 24 | $0.50 | $0.81 | ||
| Q3 24 | $0.54 | $0.62 | ||
| Q2 24 | $0.58 | $0.50 | ||
| Q1 24 | $0.57 | $0.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $11.3M |
| Total DebtLower is stronger | $146.3M | $30.5M |
| Stockholders' EquityBook value | $3.4B | $195.7M |
| Total Assets | $26.6B | $381.1M |
| Debt / EquityLower = less leverage | 0.04× | 0.16× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $11.3M | ||
| Q3 25 | — | $9.8M | ||
| Q2 25 | — | $38.9M | ||
| Q1 25 | — | $38.1M | ||
| Q4 24 | — | $44.9M | ||
| Q3 24 | — | $51.2M | ||
| Q2 24 | — | $59.5M | ||
| Q1 24 | — | $48.2M |
| Q4 25 | $146.3M | $30.5M | ||
| Q3 25 | $146.2M | $56.3M | ||
| Q2 25 | $252.0M | $28.4M | ||
| Q1 25 | — | $23.7M | ||
| Q4 24 | $132.2M | $23.6M | ||
| Q3 24 | $137.3M | $20.5M | ||
| Q2 24 | $383.4M | $19.7M | ||
| Q1 24 | $370.8M | $19.4M |
| Q4 25 | $3.4B | $195.7M | ||
| Q3 25 | $3.4B | $181.6M | ||
| Q2 25 | $3.4B | $170.5M | ||
| Q1 25 | $3.4B | $161.1M | ||
| Q4 24 | $3.3B | $153.5M | ||
| Q3 24 | $3.4B | $142.2M | ||
| Q2 24 | $3.2B | $133.0M | ||
| Q1 24 | $3.2B | $125.5M |
| Q4 25 | $26.6B | $381.1M | ||
| Q3 25 | $27.3B | $409.1M | ||
| Q2 25 | $27.6B | $343.0M | ||
| Q1 25 | $28.3B | $336.4M | ||
| Q4 24 | $29.1B | $352.1M | ||
| Q3 24 | $29.6B | $324.4M | ||
| Q2 24 | $30.3B | $303.9M | ||
| Q1 24 | $30.1B | $289.2M |
| Q4 25 | 0.04× | 0.16× | ||
| Q3 25 | 0.04× | 0.31× | ||
| Q2 25 | 0.07× | 0.17× | ||
| Q1 25 | — | 0.15× | ||
| Q4 24 | 0.04× | 0.15× | ||
| Q3 24 | 0.04× | 0.14× | ||
| Q2 24 | 0.12× | 0.15× | ||
| Q1 24 | 0.12× | 0.15× |
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 | $305.6M | $28.1M |
| Free Cash FlowOCF − Capex | — | $27.9M |
| FCF MarginFCF / Revenue | — | 14.9% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.81× | 2.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $305.6M | $28.1M | ||
| Q3 25 | $91.7M | $13.3M | ||
| Q2 25 | $68.1M | $2.0M | ||
| Q1 25 | $78.5M | $2.2M | ||
| Q4 24 | $355.0M | $19.3M | ||
| Q3 24 | $89.9M | $4.9M | ||
| Q2 24 | $82.3M | $16.5M | ||
| Q1 24 | $87.6M | $-3.9M |
| Q4 25 | — | $27.9M | ||
| Q3 25 | — | $12.8M | ||
| Q2 25 | — | $1.2M | ||
| Q1 25 | — | $11.0K | ||
| Q4 24 | — | $18.0M | ||
| Q3 24 | — | $4.6M | ||
| Q2 24 | — | $13.2M | ||
| Q1 24 | — | $-6.5M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 7.0% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 12.5% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 10.8% | ||
| Q1 24 | — | -5.5% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.6% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 0.9% | ||
| Q3 24 | — | 0.3% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | — | 2.1% |
| Q4 25 | 2.81× | 2.29× | ||
| Q3 25 | 1.28× | 1.52× | ||
| Q2 25 | 0.95× | 0.26× | ||
| Q1 25 | 1.56× | 0.22× | ||
| Q4 24 | 6.81× | 1.96× | ||
| Q3 24 | 1.62× | 0.66× | ||
| Q2 24 | 1.37× | 2.77× | ||
| Q1 24 | 1.50× | -0.52× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIBK
Segment breakdown not available.
LMB
| Owner Direct Relationships Segment | $145.0M | 78% |
| General Contractor Construction Manager Relationships Segment | $41.9M | 22% |
