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Side-by-side financial comparison of FLEXSTEEL INDUSTRIES INC (FLXS) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.

FLEXSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($115.1M vs $88.2M, roughly 1.3× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 17.7%, a 9.1% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs 1.0%). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 1.9%).

Flexsteel Industries Inc is a leading U.S.-headquartered furniture manufacturer that designs, produces and distributes a wide portfolio of upholstered residential, commercial, and hospitality furniture. It primarily operates across North American markets, serving end consumers, retail partners and corporate clients through its extensive distribution network.

First Mid Bancshares Inc. is a U.S.-headquartered regional financial services holding company. It provides full-range retail and commercial banking products, wealth management, insurance solutions, and agricultural financing, mainly serving individual consumers, small and medium-sized enterprises, and agricultural clients across multiple Midwestern states including Illinois, Missouri, and Indiana.

FLXS vs FMBH — Head-to-Head

Bigger by revenue
FLXS
FLXS
1.3× larger
FLXS
$115.1M
$88.2M
FMBH
Growing faster (revenue YoY)
FMBH
FMBH
+2.4% gap
FMBH
3.4%
1.0%
FLXS
Higher net margin
FMBH
FMBH
9.1% more per $
FMBH
26.8%
17.7%
FLXS
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
1.9%
FLXS

Income Statement — Q1 FY2027 vs Q4 FY2025

Metric
FLXS
FLXS
FMBH
FMBH
Revenue
$115.1M
$88.2M
Net Profit
$20.4M
$23.7M
Gross Margin
22.6%
Operating Margin
34.0%
Net Margin
17.7%
26.8%
Revenue YoY
1.0%
3.4%
Net Profit YoY
116.0%
23.5%
EPS (diluted)
$1.14
$0.98

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
FLXS
FLXS
FMBH
FMBH
Q3 26
$115.1M
Q4 25
$118.2M
$88.2M
Q3 25
$110.4M
$89.3M
Q2 25
$114.6M
$87.5M
Q1 25
$114.0M
$84.3M
Q4 24
$108.5M
$85.3M
Q3 24
$104.0M
$80.6M
Q2 24
$110.8M
$79.2M
Net Profit
FLXS
FLXS
FMBH
FMBH
Q3 26
$20.4M
Q4 25
$6.6M
$23.7M
Q3 25
$7.3M
$22.5M
Q2 25
$10.7M
$23.4M
Q1 25
$-3.7M
$22.2M
Q4 24
$9.1M
$19.2M
Q3 24
$4.1M
$19.5M
Q2 24
$4.9M
$19.7M
Gross Margin
FLXS
FLXS
FMBH
FMBH
Q3 26
22.6%
Q4 25
22.7%
Q3 25
23.5%
Q2 25
23.9%
Q1 25
22.2%
Q4 24
21.0%
Q3 24
21.5%
Q2 24
21.3%
Operating Margin
FLXS
FLXS
FMBH
FMBH
Q3 26
Q4 25
7.6%
34.0%
Q3 25
8.1%
32.2%
Q2 25
12.2%
34.4%
Q1 25
-4.4%
33.4%
Q4 24
10.7%
29.7%
Q3 24
5.8%
31.5%
Q2 24
6.9%
33.7%
Net Margin
FLXS
FLXS
FMBH
FMBH
Q3 26
17.7%
Q4 25
5.6%
26.8%
Q3 25
6.6%
25.2%
Q2 25
9.3%
26.8%
Q1 25
-3.3%
26.3%
Q4 24
8.3%
22.5%
Q3 24
4.0%
24.2%
Q2 24
4.4%
24.9%
EPS (diluted)
FLXS
FLXS
FMBH
FMBH
Q3 26
$1.14
Q4 25
$1.18
$0.98
Q3 25
$1.31
$0.94
Q2 25
$1.90
$0.98
Q1 25
$-0.71
$0.93
Q4 24
$1.62
$0.81
Q3 24
$0.74
$0.81
Q2 24
$0.87
$0.82

Balance Sheet & Financial Strength

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

Metric
FLXS
FLXS
FMBH
FMBH
Cash + ST InvestmentsLiquidity on hand
$57.3M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$185.3M
$958.7M
Total Assets
$290.2M
$8.0B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLXS
FLXS
FMBH
FMBH
Q3 26
$57.3M
Q4 25
$36.8M
Q3 25
$38.6M
Q2 25
$40.0M
Q1 25
$22.6M
Q4 24
$11.8M
Q3 24
$5.7M
Q2 24
$4.8M
Total Debt
FLXS
FLXS
FMBH
FMBH
Q3 26
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FLXS
FLXS
FMBH
FMBH
Q3 26
$185.3M
Q4 25
$178.9M
$958.7M
Q3 25
$172.2M
$932.2M
Q2 25
$167.9M
$894.1M
Q1 25
$158.1M
$870.9M
Q4 24
$161.9M
$846.4M
Q3 24
$154.7M
$858.5M
Q2 24
$150.4M
$813.6M
Total Assets
FLXS
FLXS
FMBH
FMBH
Q3 26
$290.2M
Q4 25
$290.2M
$8.0B
Q3 25
$281.5M
$7.8B
Q2 25
$282.5M
$7.7B
Q1 25
$266.1M
$7.6B
Q4 24
$271.5M
$7.5B
Q3 24
$268.7M
$7.6B
Q2 24
$274.5M
$7.6B
Debt / Equity
FLXS
FLXS
FMBH
FMBH
Q3 26
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

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

Metric
FLXS
FLXS
FMBH
FMBH
Operating Cash FlowLast quarter
$27.2M
$130.9M
Free Cash FlowOCF − Capex
$124.0M
FCF MarginFCF / Revenue
140.6%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
1.33×
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLXS
FLXS
FMBH
FMBH
Q3 26
$27.2M
Q4 25
$1.0M
$130.9M
Q3 25
$4.1M
$33.0M
Q2 25
$15.6M
$7.7M
Q1 25
$12.3M
$47.9M
Q4 24
$6.7M
$124.4M
Q3 24
$2.4M
$33.1M
Q2 24
$7.5M
$24.0M
Free Cash Flow
FLXS
FLXS
FMBH
FMBH
Q3 26
Q4 25
$-735.0K
$124.0M
Q3 25
$2.8M
$31.9M
Q2 25
$15.1M
$6.0M
Q1 25
$10.9M
$46.0M
Q4 24
$5.8M
$119.5M
Q3 24
$2.0M
$32.0M
Q2 24
$7.1M
$22.9M
FCF Margin
FLXS
FLXS
FMBH
FMBH
Q3 26
Q4 25
-0.6%
140.6%
Q3 25
2.5%
35.8%
Q2 25
13.1%
6.8%
Q1 25
9.6%
54.5%
Q4 24
5.3%
140.0%
Q3 24
1.9%
39.7%
Q2 24
6.4%
28.9%
Capex Intensity
FLXS
FLXS
FMBH
FMBH
Q3 26
Q4 25
1.5%
7.8%
Q3 25
1.2%
1.2%
Q2 25
0.5%
2.0%
Q1 25
1.2%
2.3%
Q4 24
0.8%
5.8%
Q3 24
0.4%
1.4%
Q2 24
0.4%
1.4%
Cash Conversion
FLXS
FLXS
FMBH
FMBH
Q3 26
1.33×
Q4 25
0.15×
5.53×
Q3 25
0.56×
1.47×
Q2 25
1.46×
0.33×
Q1 25
2.16×
Q4 24
0.74×
6.49×
Q3 24
0.58×
1.70×
Q2 24
1.53×
1.21×

Financial Flow Comparison

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

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