vs
Side-by-side financial comparison of FIRST INTERSTATE BANCSYSTEM INC (FIBK) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $313.0M, roughly 1.4× FIRST INTERSTATE BANCSYSTEM INC). UDR, Inc. runs the higher net margin — 44.6% vs 34.8%, a 9.8% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 0.9%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs 1.3%).
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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
FIBK vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $313.0M | $425.8M |
| Net Profit | $108.8M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | 44.5% | 54.0% |
| Net Margin | 34.8% | 44.6% |
| Revenue YoY | 19.8% | 0.9% |
| Net Profit YoY | 108.8% | 147.2% |
| EPS (diluted) | $1.07 | $0.63 |
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.
| Q1 26 | — | $425.8M | ||
| Q4 25 | $313.0M | $433.1M | ||
| Q3 25 | $250.5M | $431.9M | ||
| Q2 25 | $248.3M | $425.4M | ||
| Q1 25 | $247.0M | $421.9M | ||
| Q4 24 | $261.3M | $422.7M | ||
| Q3 24 | $251.9M | $420.2M | ||
| Q2 24 | $244.3M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $108.8M | $222.9M | ||
| Q3 25 | $71.4M | $40.4M | ||
| Q2 25 | $71.7M | $37.7M | ||
| Q1 25 | $50.2M | $76.7M | ||
| Q4 24 | $52.1M | $-5.0M | ||
| Q3 24 | $55.5M | $22.6M | ||
| Q2 24 | $60.0M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | 44.5% | 64.1% | ||
| Q3 25 | 37.0% | 17.7% | ||
| Q2 25 | 37.7% | 18.2% | ||
| Q1 25 | 26.9% | 29.0% | ||
| Q4 24 | 25.5% | 15.7% | ||
| Q3 24 | 28.9% | 16.6% | ||
| Q2 24 | 32.1% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | 34.8% | 51.5% | ||
| Q3 25 | 28.5% | 9.4% | ||
| Q2 25 | 28.9% | 8.9% | ||
| Q1 25 | 20.3% | 18.2% | ||
| Q4 24 | 19.9% | -220.5% | ||
| Q3 24 | 22.0% | 5.4% | ||
| Q2 24 | 24.6% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $1.07 | $0.67 | ||
| Q3 25 | $0.69 | $0.12 | ||
| Q2 25 | $0.69 | $0.11 | ||
| Q1 25 | $0.49 | $0.23 | ||
| Q4 24 | $0.50 | $-0.01 | ||
| Q3 24 | $0.54 | $0.06 | ||
| Q2 24 | $0.58 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3M |
| Total DebtLower is stronger | $146.3M | — |
| Stockholders' EquityBook value | $3.4B | $3.3B |
| Total Assets | $26.6B | $10.3B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | — | $1.2M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.5M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $2.3M | ||
| Q2 24 | — | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $146.3M | $5.8B | ||
| Q3 25 | $146.2M | $5.8B | ||
| Q2 25 | $252.0M | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | $132.2M | $5.8B | ||
| Q3 24 | $137.3M | $5.9B | ||
| Q2 24 | $383.4M | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $3.4B | $3.3B | ||
| Q3 25 | $3.4B | $3.3B | ||
| Q2 25 | $3.4B | $3.3B | ||
| Q1 25 | $3.4B | $3.3B | ||
| Q4 24 | $3.3B | $3.4B | ||
| Q3 24 | $3.4B | $3.5B | ||
| Q2 24 | $3.2B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $26.6B | $10.6B | ||
| Q3 25 | $27.3B | $10.6B | ||
| Q2 25 | $27.6B | $10.6B | ||
| Q1 25 | $28.3B | $10.7B | ||
| Q4 24 | $29.1B | $10.9B | ||
| Q3 24 | $29.6B | $11.1B | ||
| Q2 24 | $30.3B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.04× | 1.77× | ||
| Q3 25 | 0.04× | 1.78× | ||
| Q2 25 | 0.07× | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | 0.04× | 1.69× | ||
| Q3 24 | 0.04× | 1.67× | ||
| Q2 24 | 0.12× | 1.55× |
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 | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $305.6M | $902.9M | ||
| Q3 25 | $91.7M | $234.9M | ||
| Q2 25 | $68.1M | $250.3M | ||
| Q1 25 | $78.5M | $156.2M | ||
| Q4 24 | $355.0M | $876.8M | ||
| Q3 24 | $89.9M | $230.3M | ||
| Q2 24 | $82.3M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $650.0M | ||
| Q3 25 | — | $164.6M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $103.2M | ||
| Q4 24 | — | $627.0M | ||
| Q3 24 | — | $161.3M | ||
| Q2 24 | — | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 150.1% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 148.3% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | — | 58.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 59.1% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 4.05× | ||
| Q3 25 | 1.28× | 5.81× | ||
| Q2 25 | 0.95× | 6.64× | ||
| Q1 25 | 1.56× | 2.04× | ||
| Q4 24 | 6.81× | — | ||
| Q3 24 | 1.62× | 10.19× | ||
| Q2 24 | 1.37× | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIBK
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
