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Side-by-side financial comparison of FLYEXCLUSIVE INC. (FLYX) and FIRST MID BANCSHARES, INC. (FMBH). Click either name above to swap in a different company.
FLYEXCLUSIVE INC. is the larger business by last-quarter revenue ($92.1M vs $88.2M, roughly 1.0× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -4.6%, a 31.5% gap on every dollar of revenue. On growth, FLYEXCLUSIVE INC. posted the faster year-over-year revenue change (19.8% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-11.0M). Over the past eight quarters, FLYEXCLUSIVE INC.'s revenue compounded faster (21.9% CAGR vs 5.0%).
FLYEXCLUSIVE INC. is a U.S.-headquartered private aviation services provider that offers private jet charter, aircraft management, maintenance repair, and fractional ownership programs. It primarily serves high-net-worth individuals, corporate clients, and government entities across North America, delivering personalized on-demand air travel solutions prioritizing safety and convenience.
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.
FLYX vs FMBH — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | ||
|---|---|---|
| Revenue | $92.1M | $88.2M |
| Net Profit | $-4.3M | $23.7M |
| Gross Margin | 13.7% | — |
| Operating Margin | -12.3% | 34.0% |
| Net Margin | -4.6% | 26.8% |
| Revenue YoY | 19.8% | 3.4% |
| Net Profit YoY | 32.0% | 23.5% |
| EPS (diluted) | $-0.25 | $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.
| Q4 25 | — | $88.2M | ||
| Q3 25 | $92.1M | $89.3M | ||
| Q2 25 | $91.3M | $87.5M | ||
| Q1 25 | $88.1M | $84.3M | ||
| Q4 24 | — | $85.3M | ||
| Q3 24 | $76.9M | $80.6M | ||
| Q2 24 | $79.0M | $79.2M | ||
| Q1 24 | $80.0M | $79.9M |
| Q4 25 | — | $23.7M | ||
| Q3 25 | $-4.3M | $22.5M | ||
| Q2 25 | $-4.8M | $23.4M | ||
| Q1 25 | $-5.4M | $22.2M | ||
| Q4 24 | — | $19.2M | ||
| Q3 24 | $-6.3M | $19.5M | ||
| Q2 24 | $-5.2M | $19.7M | ||
| Q1 24 | $-5.8M | $20.5M |
| Q4 25 | — | — | ||
| Q3 25 | 13.7% | — | ||
| Q2 25 | 15.0% | — | ||
| Q1 25 | 12.8% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 11.3% | — | ||
| Q2 24 | 7.9% | — | ||
| Q1 24 | 7.2% | — |
| Q4 25 | — | 34.0% | ||
| Q3 25 | -12.3% | 32.2% | ||
| Q2 25 | -13.5% | 34.4% | ||
| Q1 25 | -16.7% | 33.4% | ||
| Q4 24 | — | 29.7% | ||
| Q3 24 | -27.2% | 31.5% | ||
| Q2 24 | -27.6% | 33.7% | ||
| Q1 24 | -34.3% | 33.7% |
| Q4 25 | — | 26.8% | ||
| Q3 25 | -4.6% | 25.2% | ||
| Q2 25 | -5.2% | 26.8% | ||
| Q1 25 | -6.2% | 26.3% | ||
| Q4 24 | — | 22.5% | ||
| Q3 24 | -8.2% | 24.2% | ||
| Q2 24 | -6.5% | 24.9% | ||
| Q1 24 | -7.3% | 25.6% |
| Q4 25 | — | $0.98 | ||
| Q3 25 | $-0.25 | $0.94 | ||
| Q2 25 | $-0.26 | $0.98 | ||
| Q1 25 | $-0.30 | $0.93 | ||
| Q4 24 | — | $0.81 | ||
| Q3 24 | $-0.32 | $0.81 | ||
| Q2 24 | $-0.32 | $0.82 | ||
| Q1 24 | $-0.35 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | ||
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $18.7M | — |
| Total DebtLower is stronger | $123.9M | $354.5M |
| Stockholders' EquityBook value | $-434.2M | $958.7M |
| Total Assets | $448.1M | $8.0B |
| Debt / EquityLower = less leverage | — | 0.37× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $18.7M | — | ||
| Q2 25 | $15.8M | — | ||
| Q1 25 | $14.7M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $18.7M | — | ||
| Q2 24 | $9.3M | — | ||
| Q1 24 | $5.3M | — |
| Q4 25 | — | $354.5M | ||
| Q3 25 | $123.9M | — | ||
| Q2 25 | $111.6M | — | ||
| Q1 25 | $121.6M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $197.9M | — | ||
| Q2 24 | $206.3M | — | ||
| Q1 24 | $209.4M | — |
| Q4 25 | — | $958.7M | ||
| Q3 25 | $-434.2M | $932.2M | ||
| Q2 25 | $-261.4M | $894.1M | ||
| Q1 25 | $-281.5M | $870.9M | ||
| Q4 24 | — | $846.4M | ||
| Q3 24 | $-192.0M | $858.5M | ||
| Q2 24 | $-149.7M | $813.6M | ||
| Q1 24 | $-149.5M | $798.0M |
| Q4 25 | — | $8.0B | ||
| Q3 25 | $448.1M | $7.8B | ||
| Q2 25 | $443.4M | $7.7B | ||
| Q1 25 | $466.8M | $7.6B | ||
| Q4 24 | — | $7.5B | ||
| Q3 24 | $487.1M | $7.6B | ||
| Q2 24 | $494.7M | $7.6B | ||
| Q1 24 | $524.1M | $7.7B |
| Q4 25 | — | 0.37× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-209.0K | $130.9M |
| Free Cash FlowOCF − Capex | $-11.0M | $124.0M |
| FCF MarginFCF / Revenue | -12.0% | 140.6% |
| Capex IntensityCapex / Revenue | 11.7% | 7.8% |
| Cash ConversionOCF / Net Profit | — | 5.53× |
| TTM Free Cash FlowTrailing 4 quarters | $-51.0M | $207.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $130.9M | ||
| Q3 25 | $-209.0K | $33.0M | ||
| Q2 25 | $363.0K | $7.7M | ||
| Q1 25 | $-10.5M | $47.9M | ||
| Q4 24 | — | $124.4M | ||
| Q3 24 | $-12.3M | $33.1M | ||
| Q2 24 | $-16.2M | $24.0M | ||
| Q1 24 | $-26.0M | $29.0M |
| Q4 25 | — | $124.0M | ||
| Q3 25 | $-11.0M | $31.9M | ||
| Q2 25 | $353.0K | $6.0M | ||
| Q1 25 | $-14.6M | $46.0M | ||
| Q4 24 | — | $119.5M | ||
| Q3 24 | $-25.7M | $32.0M | ||
| Q2 24 | $-26.6M | $22.9M | ||
| Q1 24 | $-64.5M | $27.6M |
| Q4 25 | — | 140.6% | ||
| Q3 25 | -12.0% | 35.8% | ||
| Q2 25 | 0.4% | 6.8% | ||
| Q1 25 | -16.5% | 54.5% | ||
| Q4 24 | — | 140.0% | ||
| Q3 24 | -33.5% | 39.7% | ||
| Q2 24 | -33.7% | 28.9% | ||
| Q1 24 | -80.6% | 34.5% |
| Q4 25 | — | 7.8% | ||
| Q3 25 | 11.7% | 1.2% | ||
| Q2 25 | 0.0% | 2.0% | ||
| Q1 25 | 4.7% | 2.3% | ||
| Q4 24 | — | 5.8% | ||
| Q3 24 | 17.5% | 1.4% | ||
| Q2 24 | 13.2% | 1.4% | ||
| Q1 24 | 48.2% | 1.9% |
| Q4 25 | — | 5.53× | ||
| Q3 25 | — | 1.47× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 2.16× | ||
| Q4 24 | — | 6.49× | ||
| Q3 24 | — | 1.70× | ||
| Q2 24 | — | 1.21× | ||
| Q1 24 | — | 1.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.