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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

Bigger by revenue
FLYX
FLYX
1.0× larger
FLYX
$92.1M
$88.2M
FMBH
Growing faster (revenue YoY)
FLYX
FLYX
+16.4% gap
FLYX
19.8%
3.4%
FMBH
Higher net margin
FMBH
FMBH
31.5% more per $
FMBH
26.8%
-4.6%
FLYX
More free cash flow
FMBH
FMBH
$135.1M more FCF
FMBH
$124.0M
$-11.0M
FLYX
Faster 2-yr revenue CAGR
FLYX
FLYX
Annualised
FLYX
21.9%
5.0%
FMBH

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
FLYX
FLYX
FMBH
FMBH
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.

Revenue
FLYX
FLYX
FMBH
FMBH
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
Net Profit
FLYX
FLYX
FMBH
FMBH
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
Gross Margin
FLYX
FLYX
FMBH
FMBH
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%
Operating Margin
FLYX
FLYX
FMBH
FMBH
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%
Net Margin
FLYX
FLYX
FMBH
FMBH
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%
EPS (diluted)
FLYX
FLYX
FMBH
FMBH
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
FLYX
FLYX
FMBH
FMBH
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.

Cash + ST Investments
FLYX
FLYX
FMBH
FMBH
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
Total Debt
FLYX
FLYX
FMBH
FMBH
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
Stockholders' Equity
FLYX
FLYX
FMBH
FMBH
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
Total Assets
FLYX
FLYX
FMBH
FMBH
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
Debt / Equity
FLYX
FLYX
FMBH
FMBH
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
FLYX
FLYX
FMBH
FMBH
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.

Operating Cash Flow
FLYX
FLYX
FMBH
FMBH
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
Free Cash Flow
FLYX
FLYX
FMBH
FMBH
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
FCF Margin
FLYX
FLYX
FMBH
FMBH
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%
Capex Intensity
FLYX
FLYX
FMBH
FMBH
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%
Cash Conversion
FLYX
FLYX
FMBH
FMBH
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.

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