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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and FORRESTER RESEARCH, INC. (FORR). Click either name above to swap in a different company.
FORRESTER RESEARCH, INC. is the larger business by last-quarter revenue ($101.1M vs $88.2M, roughly 1.1× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -33.5%, a 60.4% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -6.5%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-4.3M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 0.5%).
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.
Forrester Research, Inc. is a research and advisory firm working in research, consulting and events. Forrester’s clients include large global business, technology and consumer enterprises. The firm is headquartered in Cambridge, MA.
FMBH vs FORR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $101.1M |
| Net Profit | $23.7M | $-33.9M |
| Gross Margin | — | 56.7% |
| Operating Margin | 34.0% | -36.6% |
| Net Margin | 26.8% | -33.5% |
| Revenue YoY | 3.4% | -6.5% |
| Net Profit YoY | 23.5% | -7941.4% |
| EPS (diluted) | $0.98 | $-1.75 |
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 | $101.1M | ||
| Q3 25 | $89.3M | $94.3M | ||
| Q2 25 | $87.5M | $111.7M | ||
| Q1 25 | $84.3M | $89.9M | ||
| Q4 24 | $85.3M | $108.0M | ||
| Q3 24 | $80.6M | $102.5M | ||
| Q2 24 | $79.2M | $121.8M | ||
| Q1 24 | $79.9M | $100.1M |
| Q4 25 | $23.7M | $-33.9M | ||
| Q3 25 | $22.5M | $-2.1M | ||
| Q2 25 | $23.4M | $3.9M | ||
| Q1 25 | $22.2M | $-87.3M | ||
| Q4 24 | $19.2M | $432.0K | ||
| Q3 24 | $19.5M | $-5.8M | ||
| Q2 24 | $19.7M | $6.3M | ||
| Q1 24 | $20.5M | $-6.7M |
| Q4 25 | — | 56.7% | ||
| Q3 25 | — | 60.0% | ||
| Q2 25 | — | 55.5% | ||
| Q1 25 | — | 55.9% | ||
| Q4 24 | — | 58.8% | ||
| Q3 24 | — | 60.5% | ||
| Q2 24 | — | 57.3% | ||
| Q1 24 | — | 54.9% |
| Q4 25 | 34.0% | -36.6% | ||
| Q3 25 | 32.2% | 4.7% | ||
| Q2 25 | 34.4% | 6.2% | ||
| Q1 25 | 33.4% | -97.5% | ||
| Q4 24 | 29.7% | -0.5% | ||
| Q3 24 | 31.5% | -0.7% | ||
| Q2 24 | 33.7% | 9.3% | ||
| Q1 24 | 33.7% | -9.3% |
| Q4 25 | 26.8% | -33.5% | ||
| Q3 25 | 25.2% | -2.3% | ||
| Q2 25 | 26.8% | 3.5% | ||
| Q1 25 | 26.3% | -97.1% | ||
| Q4 24 | 22.5% | 0.4% | ||
| Q3 24 | 24.2% | -5.7% | ||
| Q2 24 | 24.9% | 5.2% | ||
| Q1 24 | 25.6% | -6.7% |
| Q4 25 | $0.98 | $-1.75 | ||
| Q3 25 | $0.94 | $-0.11 | ||
| Q2 25 | $0.98 | $0.20 | ||
| Q1 25 | $0.93 | $-4.62 | ||
| Q4 24 | $0.81 | $0.02 | ||
| Q3 24 | $0.81 | $-0.30 | ||
| Q2 24 | $0.82 | $0.33 | ||
| Q1 24 | $0.86 | $-0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $63.3M |
| Total DebtLower is stronger | $354.5M | — |
| Stockholders' EquityBook value | $958.7M | $126.5M |
| Total Assets | $8.0B | $404.0M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.3M | ||
| Q3 25 | — | $65.1M | ||
| Q2 25 | — | $67.8M | ||
| Q1 25 | — | $75.6M | ||
| Q4 24 | — | $56.1M | ||
| Q3 24 | — | $62.8M | ||
| Q2 24 | — | $58.9M | ||
| Q1 24 | — | $61.4M |
| Q4 25 | $354.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $958.7M | $126.5M | ||
| Q3 25 | $932.2M | $157.7M | ||
| Q2 25 | $894.1M | $159.5M | ||
| Q1 25 | $870.9M | $147.4M | ||
| Q4 24 | $846.4M | $229.5M | ||
| Q3 24 | $858.5M | $234.3M | ||
| Q2 24 | $813.6M | $237.1M | ||
| Q1 24 | $798.0M | $230.9M |
| Q4 25 | $8.0B | $404.0M | ||
| Q3 25 | $7.8B | $414.2M | ||
| Q2 25 | $7.7B | $436.0M | ||
| Q1 25 | $7.6B | $439.8M | ||
| Q4 24 | $7.5B | $503.9M | ||
| Q3 24 | $7.6B | $505.3M | ||
| Q2 24 | $7.6B | $524.2M | ||
| Q1 24 | $7.7B | $555.7M |
| 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 | $130.9M | $-3.2M |
| Free Cash FlowOCF − Capex | $124.0M | $-4.3M |
| FCF MarginFCF / Revenue | 140.6% | -4.2% |
| Capex IntensityCapex / Revenue | 7.8% | 1.1% |
| Cash ConversionOCF / Net Profit | 5.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $18.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $-3.2M | ||
| Q3 25 | $33.0M | $1.2M | ||
| Q2 25 | $7.7M | $-3.6M | ||
| Q1 25 | $47.9M | $26.7M | ||
| Q4 24 | $124.4M | $-1.8M | ||
| Q3 24 | $33.1M | $264.0K | ||
| Q2 24 | $24.0M | $-2.9M | ||
| Q1 24 | $29.0M | $611.0K |
| Q4 25 | $124.0M | $-4.3M | ||
| Q3 25 | $31.9M | $524.0K | ||
| Q2 25 | $6.0M | $-4.2M | ||
| Q1 25 | $46.0M | $26.1M | ||
| Q4 24 | $119.5M | $-2.5M | ||
| Q3 24 | $32.0M | $-223.0K | ||
| Q2 24 | $22.9M | $-3.7M | ||
| Q1 24 | $27.6M | $-815.0K |
| Q4 25 | 140.6% | -4.2% | ||
| Q3 25 | 35.8% | 0.6% | ||
| Q2 25 | 6.8% | -3.8% | ||
| Q1 25 | 54.5% | 29.0% | ||
| Q4 24 | 140.0% | -2.3% | ||
| Q3 24 | 39.7% | -0.2% | ||
| Q2 24 | 28.9% | -3.1% | ||
| Q1 24 | 34.5% | -0.8% |
| Q4 25 | 7.8% | 1.1% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 2.0% | 0.5% | ||
| Q1 25 | 2.3% | 0.7% | ||
| Q4 24 | 5.8% | 0.6% | ||
| Q3 24 | 1.4% | 0.5% | ||
| Q2 24 | 1.4% | 0.7% | ||
| Q1 24 | 1.9% | 1.4% |
| Q4 25 | 5.53× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 0.33× | -0.93× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 6.49× | -4.24× | ||
| Q3 24 | 1.70× | — | ||
| Q2 24 | 1.21× | -0.46× | ||
| Q1 24 | 1.42× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
FORR
| Research Segment | $82.2M | 81% |
| Consulting Segment | $16.2M | 16% |
| Billable Expenses | $1.5M | 2% |
| Professional Services | $1.4M | 1% |
