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Side-by-side financial comparison of FINANCIAL INSTITUTIONS INC (FISI) and MESA LABORATORIES INC (MLAB). Click either name above to swap in a different company.

MESA LABORATORIES INC is the larger business by last-quarter revenue ($65.1M vs $62.7M, roughly 1.0× FINANCIAL INSTITUTIONS INC). FINANCIAL INSTITUTIONS INC runs the higher net margin — 33.5% vs 5.6%, a 27.9% gap on every dollar of revenue. Over the past eight quarters, MESA LABORATORIES INC's revenue compounded faster (5.1% CAGR vs -2.0%).

The Mizuho Financial Group, Inc. , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000–2002 by merger of Dai-Ichi Kangyo Bank, Fuji Bank, and Industrial Bank of Japan. The name mizuho (瑞穂) literally means "abundant rice" in Japanese and "harvest" in the figurative sense.

Mesa Laboratories Inc. develops, manufactures and sells professional quality control, calibration and monitoring instruments as well as related supporting services. Its core offerings cater to healthcare, pharmaceutical, food and beverage, industrial hygiene and environmental testing markets, helping global clients meet regulatory compliance and operational safety requirements.

FISI vs MLAB — Head-to-Head

Bigger by revenue
MLAB
MLAB
1.0× larger
MLAB
$65.1M
$62.7M
FISI
Higher net margin
FISI
FISI
27.9% more per $
FISI
33.5%
5.6%
MLAB
Faster 2-yr revenue CAGR
MLAB
MLAB
Annualised
MLAB
5.1%
-2.0%
FISI

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
FISI
FISI
MLAB
MLAB
Revenue
$62.7M
$65.1M
Net Profit
$21.0M
$3.6M
Gross Margin
64.2%
Operating Margin
12.2%
Net Margin
33.5%
5.6%
Revenue YoY
3.6%
Net Profit YoY
24.3%
316.6%
EPS (diluted)
$1.04
$0.65

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
FISI
FISI
MLAB
MLAB
Q1 26
$62.7M
Q4 25
$64.1M
$65.1M
Q3 25
$63.8M
$60.7M
Q2 25
$59.7M
$59.5M
Q1 25
$57.2M
$62.1M
Q4 24
$41.6M
$62.8M
Q3 24
$50.1M
$57.8M
Q2 24
$65.2M
$58.2M
Net Profit
FISI
FISI
MLAB
MLAB
Q1 26
$21.0M
Q4 25
$20.0M
$3.6M
Q3 25
$20.5M
$2.5M
Q2 25
$17.5M
$4.7M
Q1 25
$16.9M
$-7.1M
Q4 24
$-82.8M
$-1.7M
Q3 24
$13.5M
$3.4M
Q2 24
$25.6M
$3.4M
Gross Margin
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
64.2%
Q3 25
61.5%
Q2 25
62.0%
Q1 25
61.8%
Q4 24
63.3%
Q3 24
61.3%
Q2 24
64.0%
Operating Margin
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
37.4%
12.2%
Q3 25
39.5%
7.8%
Q2 25
36.0%
5.1%
Q1 25
36.0%
2.4%
Q4 24
-276.9%
9.2%
Q3 24
29.0%
6.1%
Q2 24
46.2%
9.6%
Net Margin
FISI
FISI
MLAB
MLAB
Q1 26
33.5%
Q4 25
38.3%
5.6%
Q3 25
32.1%
4.1%
Q2 25
29.3%
8.0%
Q1 25
29.5%
-11.4%
Q4 24
-198.9%
-2.7%
Q3 24
26.9%
5.9%
Q2 24
39.3%
5.8%
EPS (diluted)
FISI
FISI
MLAB
MLAB
Q1 26
$1.04
Q4 25
$0.96
$0.65
Q3 25
$0.99
$0.45
Q2 25
$0.85
$0.85
Q1 25
$0.81
$-1.30
Q4 24
$-5.32
$-0.31
Q3 24
$0.84
$0.63
Q2 24
$1.62
$0.62

Balance Sheet & Financial Strength

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

Metric
FISI
FISI
MLAB
MLAB
Cash + ST InvestmentsLiquidity on hand
$85.5M
$29.0M
Total DebtLower is stronger
$114.0M
$68.4M
Stockholders' EquityBook value
$186.7M
Total Assets
$6.3B
$434.8M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FISI
FISI
MLAB
MLAB
Q1 26
$85.5M
Q4 25
$108.8M
$29.0M
Q3 25
$185.9M
$20.4M
Q2 25
$93.0M
$21.3M
Q1 25
$167.4M
$27.3M
Q4 24
$87.3M
$27.3M
Q3 24
$24.3M
Q2 24
$28.5M
Total Debt
FISI
FISI
MLAB
MLAB
Q1 26
$114.0M
Q4 25
$193.7M
$68.4M
Q3 25
$115.0M
$69.4M
Q2 25
$115.0M
$70.3M
Q1 25
$124.9M
$71.3M
Q4 24
$124.8M
$72.2M
Q3 24
$124.8M
$73.1M
Q2 24
$124.7M
$74.1M
Stockholders' Equity
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
$628.9M
$186.7M
Q3 25
$621.7M
$178.5M
Q2 25
$601.7M
$172.5M
Q1 25
$589.9M
$159.8M
Q4 24
$569.0M
$155.2M
Q3 24
$500.3M
$161.5M
Q2 24
$467.7M
$150.7M
Total Assets
FISI
FISI
MLAB
MLAB
Q1 26
$6.3B
Q4 25
$6.3B
$434.8M
Q3 25
$6.3B
$430.4M
Q2 25
$6.1B
$435.7M
Q1 25
$6.3B
$433.3M
Q4 24
$6.1B
$433.3M
Q3 24
$6.2B
$454.1M
Q2 24
$6.1B
$440.4M
Debt / Equity
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
0.31×
0.37×
Q3 25
0.18×
0.39×
Q2 25
0.19×
0.41×
Q1 25
0.21×
0.45×
Q4 24
0.22×
0.47×
Q3 24
0.25×
0.45×
Q2 24
0.27×
0.49×

Cash Flow & Capital Efficiency

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

Metric
FISI
FISI
MLAB
MLAB
Operating Cash FlowLast quarter
$18.8M
Free Cash FlowOCF − Capex
$18.0M
FCF MarginFCF / Revenue
27.7%
Capex IntensityCapex / Revenue
1.1%
Cash ConversionOCF / Net Profit
5.17×
TTM Free Cash FlowTrailing 4 quarters
$37.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
$18.8M
$18.8M
Q3 25
$-6.9M
$8.2M
Q2 25
$-5.7M
$1.9M
Q1 25
$10.0M
$12.7M
Q4 24
$77.1M
$18.1M
Q3 24
$2.1M
$5.3M
Q2 24
$35.7M
$10.7M
Free Cash Flow
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
$13.3M
$18.0M
Q3 25
$-7.9M
$7.1M
Q2 25
$-7.3M
$884.0K
Q1 25
$9.2M
$11.9M
Q4 24
$72.2M
$17.3M
Q3 24
$-299.0K
$3.5M
Q2 24
$34.7M
$9.9M
FCF Margin
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
20.7%
27.7%
Q3 25
-12.4%
11.7%
Q2 25
-12.3%
1.5%
Q1 25
16.1%
19.2%
Q4 24
173.3%
27.6%
Q3 24
-0.6%
6.0%
Q2 24
53.3%
16.9%
Capex Intensity
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
8.7%
1.1%
Q3 25
1.6%
1.8%
Q2 25
2.7%
1.7%
Q1 25
1.4%
1.2%
Q4 24
11.9%
1.3%
Q3 24
4.9%
3.1%
Q2 24
1.5%
1.5%
Cash Conversion
FISI
FISI
MLAB
MLAB
Q1 26
Q4 25
0.94×
5.17×
Q3 25
-0.34×
3.32×
Q2 25
-0.33×
0.40×
Q1 25
0.59×
Q4 24
Q3 24
0.16×
1.54×
Q2 24
1.39×
3.17×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FISI
FISI

Net Interest Income$52.0M83%
Noninterest Income$10.7M17%

MLAB
MLAB

Sterilization And Disinfection Control$24.9M38%
Biopharmaceutical Development$14.4M22%
Other$14.1M22%
Clinical Genomics$11.8M18%

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