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Side-by-side financial comparison of FIRST INTERSTATE BANCSYSTEM INC (FIBK) and WORKIVA INC (WK). 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 $238.9M, roughly 1.3× WORKIVA INC). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 4.9%, a 29.8% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs 19.5%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% 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.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
FIBK vs WK — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $313.0M | $238.9M |
| Net Profit | $108.8M | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | 44.5% | 3.3% |
| Net Margin | 34.8% | 4.9% |
| Revenue YoY | 19.8% | 19.5% |
| Net Profit YoY | 108.8% | 234.0% |
| EPS (diluted) | $1.07 | $0.21 |
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 | $238.9M | ||
| Q3 25 | $250.5M | $224.2M | ||
| Q2 25 | $248.3M | $215.2M | ||
| Q1 25 | $247.0M | $206.3M | ||
| Q4 24 | $261.3M | $199.9M | ||
| Q3 24 | $251.9M | $185.6M | ||
| Q2 24 | $244.3M | $177.5M | ||
| Q1 24 | $242.2M | $175.7M |
| Q4 25 | $108.8M | $11.8M | ||
| Q3 25 | $71.4M | $2.8M | ||
| Q2 25 | $71.7M | $-19.4M | ||
| Q1 25 | $50.2M | $-21.4M | ||
| Q4 24 | $52.1M | $-8.8M | ||
| Q3 24 | $55.5M | $-17.0M | ||
| Q2 24 | $60.0M | $-17.5M | ||
| Q1 24 | $58.4M | $-11.7M |
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% | ||
| Q1 24 | — | 76.4% |
| Q4 25 | 44.5% | 3.3% | ||
| Q3 25 | 37.0% | -1.5% | ||
| Q2 25 | 37.7% | -10.3% | ||
| Q1 25 | 26.9% | -12.0% | ||
| Q4 24 | 25.5% | -6.7% | ||
| Q3 24 | 28.9% | -11.7% | ||
| Q2 24 | 32.1% | -13.0% | ||
| Q1 24 | 31.7% | -10.4% |
| Q4 25 | 34.8% | 4.9% | ||
| Q3 25 | 28.5% | 1.2% | ||
| Q2 25 | 28.9% | -9.0% | ||
| Q1 25 | 20.3% | -10.4% | ||
| Q4 24 | 19.9% | -4.4% | ||
| Q3 24 | 22.0% | -9.2% | ||
| Q2 24 | 24.6% | -9.9% | ||
| Q1 24 | 24.1% | -6.7% |
| Q4 25 | $1.07 | $0.21 | ||
| Q3 25 | $0.69 | $0.05 | ||
| Q2 25 | $0.69 | $-0.35 | ||
| Q1 25 | $0.49 | $-0.38 | ||
| Q4 24 | $0.50 | $-0.15 | ||
| Q3 24 | $0.54 | $-0.31 | ||
| Q2 24 | $0.58 | $-0.32 | ||
| Q1 24 | $0.57 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $338.8M |
| Total DebtLower is stronger | $146.3M | — |
| Stockholders' EquityBook value | $3.4B | $-5.4M |
| Total Assets | $26.6B | $1.5B |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $338.8M | ||
| Q3 25 | — | $315.9M | ||
| Q2 25 | — | $284.3M | ||
| Q1 25 | — | $242.0M | ||
| Q4 24 | — | $301.8M | ||
| Q3 24 | — | $248.2M | ||
| Q2 24 | — | $267.9M | ||
| Q1 24 | — | $296.1M |
| 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 | — | ||
| Q1 24 | $370.8M | — |
| Q4 25 | $3.4B | $-5.4M | ||
| Q3 25 | $3.4B | $-36.9M | ||
| Q2 25 | $3.4B | $-66.5M | ||
| Q1 25 | $3.4B | $-75.7M | ||
| Q4 24 | $3.3B | $-41.7M | ||
| Q3 24 | $3.4B | $-50.8M | ||
| Q2 24 | $3.2B | $-77.7M | ||
| Q1 24 | $3.2B | $-83.2M |
| Q4 25 | $26.6B | $1.5B | ||
| Q3 25 | $27.3B | $1.4B | ||
| Q2 25 | $27.6B | $1.3B | ||
| Q1 25 | $28.3B | $1.3B | ||
| Q4 24 | $29.1B | $1.4B | ||
| Q3 24 | $29.6B | $1.3B | ||
| Q2 24 | $30.3B | $1.2B | ||
| Q1 24 | $30.1B | $1.2B |
| 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× | — | ||
| Q1 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $305.6M | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | 2.81× | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $305.6M | $51.0M | ||
| Q3 25 | $91.7M | $46.2M | ||
| Q2 25 | $68.1M | $50.3M | ||
| Q1 25 | $78.5M | $-7.4M | ||
| Q4 24 | $355.0M | $44.0M | ||
| Q3 24 | $89.9M | $18.9M | ||
| Q2 24 | $82.3M | $-14.0K | ||
| Q1 24 | $87.6M | $24.8M |
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K | ||
| Q1 24 | — | $24.6M |
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% | ||
| Q1 24 | — | 14.0% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | 2.81× | 4.31× | ||
| Q3 25 | 1.28× | 16.57× | ||
| Q2 25 | 0.95× | — | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 6.81× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 1.50× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIBK
Segment breakdown not available.
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
