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Side-by-side financial comparison of FIRST INTERSTATE BANCSYSTEM INC (FIBK) and XPLR Infrastructure, LP (XIFR). 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 $249.0M, roughly 1.3× XPLR Infrastructure, LP). FIRST INTERSTATE BANCSYSTEM INC runs the higher net margin — 34.8% vs 11.2%, a 23.5% gap on every dollar of revenue. On growth, FIRST INTERSTATE BANCSYSTEM INC posted the faster year-over-year revenue change (19.8% vs -15.3%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs -1.6%).
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.
XPLR Infrastructure is a publicly traded subsidiary of NextEra Energy, is a Juno Beach, Florida-based renewable energy company.
FIBK vs XIFR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $313.0M | $249.0M |
| Net Profit | $108.8M | $28.0M |
| Gross Margin | — | — |
| Operating Margin | 44.5% | -19.3% |
| Net Margin | 34.8% | 11.2% |
| Revenue YoY | 19.8% | -15.3% |
| Net Profit YoY | 108.8% | 124.3% |
| EPS (diluted) | $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.
| Q4 25 | $313.0M | $249.0M | ||
| Q3 25 | $250.5M | $315.0M | ||
| Q2 25 | $248.3M | $342.0M | ||
| Q1 25 | $247.0M | $282.0M | ||
| Q4 24 | $261.3M | $294.0M | ||
| Q3 24 | $251.9M | $319.0M | ||
| Q2 24 | $244.3M | $360.0M | ||
| Q1 24 | $242.2M | $257.0M |
| Q4 25 | $108.8M | $28.0M | ||
| Q3 25 | $71.4M | $-37.0M | ||
| Q2 25 | $71.7M | $79.0M | ||
| Q1 25 | $50.2M | $-98.0M | ||
| Q4 24 | $52.1M | $-115.0M | ||
| Q3 24 | $55.5M | $-40.0M | ||
| Q2 24 | $60.0M | $62.0M | ||
| Q1 24 | $58.4M | $70.0M |
| Q4 25 | 44.5% | -19.3% | ||
| Q3 25 | 37.0% | 1.6% | ||
| Q2 25 | 37.7% | 26.3% | ||
| Q1 25 | 26.9% | -82.6% | ||
| Q4 24 | 25.5% | -188.1% | ||
| Q3 24 | 28.9% | 15.4% | ||
| Q2 24 | 32.1% | 18.3% | ||
| Q1 24 | 31.7% | -8.2% |
| Q4 25 | 34.8% | 11.2% | ||
| Q3 25 | 28.5% | -11.7% | ||
| Q2 25 | 28.9% | 23.1% | ||
| Q1 25 | 20.3% | -34.8% | ||
| Q4 24 | 19.9% | -39.1% | ||
| Q3 24 | 22.0% | -12.5% | ||
| Q2 24 | 24.6% | 17.2% | ||
| Q1 24 | 24.1% | 27.2% |
| Q4 25 | $1.07 | — | ||
| Q3 25 | $0.69 | $-0.40 | ||
| Q2 25 | $0.69 | $0.84 | ||
| Q1 25 | $0.49 | $-1.05 | ||
| Q4 24 | $0.50 | — | ||
| Q3 24 | $0.54 | $-0.43 | ||
| Q2 24 | $0.58 | $0.66 | ||
| Q1 24 | $0.57 | $0.75 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $960.0M |
| Total DebtLower is stronger | $146.3M | $6.2B |
| Stockholders' EquityBook value | $3.4B | $10.9B |
| Total Assets | $26.6B | $19.6B |
| Debt / EquityLower = less leverage | 0.04× | 0.57× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $960.0M | ||
| Q3 25 | — | $711.0M | ||
| Q2 25 | — | $880.0M | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $283.0M | ||
| Q3 24 | — | $290.0M | ||
| Q2 24 | — | $281.0M | ||
| Q1 24 | — | $245.0M |
| Q4 25 | $146.3M | $6.2B | ||
| Q3 25 | $146.2M | — | ||
| Q2 25 | $252.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $132.2M | $5.3B | ||
| Q3 24 | $137.3M | — | ||
| Q2 24 | $383.4M | — | ||
| Q1 24 | $370.8M | — |
| Q4 25 | $3.4B | $10.9B | ||
| Q3 25 | $3.4B | $11.0B | ||
| Q2 25 | $3.4B | $11.3B | ||
| Q1 25 | $3.4B | $12.6B | ||
| Q4 24 | $3.3B | $12.9B | ||
| Q3 24 | $3.4B | $13.6B | ||
| Q2 24 | $3.2B | $13.9B | ||
| Q1 24 | $3.2B | $14.0B |
| Q4 25 | $26.6B | $19.6B | ||
| Q3 25 | $27.3B | $19.1B | ||
| Q2 25 | $27.6B | $20.5B | ||
| Q1 25 | $28.3B | $21.4B | ||
| Q4 24 | $29.1B | $20.3B | ||
| Q3 24 | $29.6B | $20.9B | ||
| Q2 24 | $30.3B | $21.7B | ||
| Q1 24 | $30.1B | $22.3B |
| Q4 25 | 0.04× | 0.57× | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | 0.41× | ||
| 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 | $186.0M |
| Free Cash FlowOCF − Capex | — | $-88.0M |
| FCF MarginFCF / Revenue | — | -35.3% |
| Capex IntensityCapex / Revenue | — | 110.0% |
| Cash ConversionOCF / Net Profit | 2.81× | 6.64× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-219.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $305.6M | $186.0M | ||
| Q3 25 | $91.7M | $231.0M | ||
| Q2 25 | $68.1M | $232.0M | ||
| Q1 25 | $78.5M | $90.0M | ||
| Q4 24 | $355.0M | $283.0M | ||
| Q3 24 | $89.9M | $208.0M | ||
| Q2 24 | $82.3M | $231.0M | ||
| Q1 24 | $87.6M | $78.0M |
| Q4 25 | — | $-88.0M | ||
| Q3 25 | — | $-283.0M | ||
| Q2 25 | — | $151.0M | ||
| Q1 25 | — | $1.0M | ||
| Q4 24 | — | $231.0M | ||
| Q3 24 | — | $152.0M | ||
| Q2 24 | — | $162.0M | ||
| Q1 24 | — | $14.0M |
| Q4 25 | — | -35.3% | ||
| Q3 25 | — | -89.8% | ||
| Q2 25 | — | 44.2% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 78.6% | ||
| Q3 24 | — | 47.6% | ||
| Q2 24 | — | 45.0% | ||
| Q1 24 | — | 5.4% |
| Q4 25 | — | 110.0% | ||
| Q3 25 | — | 163.2% | ||
| Q2 25 | — | 23.7% | ||
| Q1 25 | — | 31.6% | ||
| Q4 24 | — | 17.7% | ||
| Q3 24 | — | 17.6% | ||
| Q2 24 | — | 19.2% | ||
| Q1 24 | — | 24.9% |
| Q4 25 | 2.81× | 6.64× | ||
| Q3 25 | 1.28× | — | ||
| Q2 25 | 0.95× | 2.94× | ||
| Q1 25 | 1.56× | — | ||
| Q4 24 | 6.81× | — | ||
| Q3 24 | 1.62× | — | ||
| Q2 24 | 1.37× | 3.73× | ||
| Q1 24 | 1.50× | 1.11× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIBK
Segment breakdown not available.
XIFR
| Renewable Energy Sales | $238.0M | 96% |
| Related Party | $8.0M | 3% |
