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

JFrog Ltd is the larger business by last-quarter revenue ($145.3M vs $88.2M, roughly 1.6× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -10.5%, a 37.3% gap on every dollar of revenue. On growth, JFrog Ltd posted the faster year-over-year revenue change (25.2% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $49.9M). Over the past eight quarters, JFrog Ltd's revenue compounded faster (20.4% CAGR vs 5.0%).

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.

JFrog Ltd is a global DevOps technology provider that delivers end-to-end software release, artifact management, and security solutions. It serves clients across tech, finance, retail, and manufacturing sectors, helping teams streamline development and delivery workflows for cloud, on-premises, and hybrid infrastructure.

FMBH vs FROG — Head-to-Head

Bigger by revenue
FROG
FROG
1.6× larger
FROG
$145.3M
$88.2M
FMBH
Growing faster (revenue YoY)
FROG
FROG
+21.8% gap
FROG
25.2%
3.4%
FMBH
Higher net margin
FMBH
FMBH
37.3% more per $
FMBH
26.8%
-10.5%
FROG
More free cash flow
FMBH
FMBH
$74.2M more FCF
FMBH
$124.0M
$49.9M
FROG
Faster 2-yr revenue CAGR
FROG
FROG
Annualised
FROG
20.4%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
FROG
FROG
Revenue
$88.2M
$145.3M
Net Profit
$23.7M
$-15.2M
Gross Margin
77.9%
Operating Margin
34.0%
-14.7%
Net Margin
26.8%
-10.5%
Revenue YoY
3.4%
25.2%
Net Profit YoY
23.5%
34.4%
EPS (diluted)
$0.98
$-0.13

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
FMBH
FMBH
FROG
FROG
Q4 25
$88.2M
$145.3M
Q3 25
$89.3M
$136.9M
Q2 25
$87.5M
$127.2M
Q1 25
$84.3M
$122.4M
Q4 24
$85.3M
$116.1M
Q3 24
$80.6M
$109.1M
Q2 24
$79.2M
$103.0M
Q1 24
$79.9M
$100.3M
Net Profit
FMBH
FMBH
FROG
FROG
Q4 25
$23.7M
$-15.2M
Q3 25
$22.5M
$-16.4M
Q2 25
$23.4M
$-21.7M
Q1 25
$22.2M
$-18.5M
Q4 24
$19.2M
$-23.2M
Q3 24
$19.5M
$-22.9M
Q2 24
$19.7M
$-14.3M
Q1 24
$20.5M
$-8.8M
Gross Margin
FMBH
FMBH
FROG
FROG
Q4 25
77.9%
Q3 25
77.4%
Q2 25
76.3%
Q1 25
75.3%
Q4 24
75.4%
Q3 24
75.0%
Q2 24
78.8%
Q1 24
79.5%
Operating Margin
FMBH
FMBH
FROG
FROG
Q4 25
34.0%
-14.7%
Q3 25
32.2%
-15.8%
Q2 25
34.4%
-20.4%
Q1 25
33.4%
-18.8%
Q4 24
29.7%
-21.9%
Q3 24
31.5%
-27.4%
Q2 24
33.7%
-18.6%
Q1 24
33.7%
-16.6%
Net Margin
FMBH
FMBH
FROG
FROG
Q4 25
26.8%
-10.5%
Q3 25
25.2%
-12.0%
Q2 25
26.8%
-17.0%
Q1 25
26.3%
-15.1%
Q4 24
22.5%
-20.0%
Q3 24
24.2%
-21.0%
Q2 24
24.9%
-13.9%
Q1 24
25.6%
-8.8%
EPS (diluted)
FMBH
FMBH
FROG
FROG
Q4 25
$0.98
$-0.13
Q3 25
$0.94
$-0.14
Q2 25
$0.98
$-0.19
Q1 25
$0.93
$-0.16
Q4 24
$0.81
$-0.21
Q3 24
$0.81
$-0.21
Q2 24
$0.82
$-0.13
Q1 24
$0.86
$-0.08

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
FROG
FROG
Cash + ST InvestmentsLiquidity on hand
$704.4M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$887.4M
Total Assets
$8.0B
$1.3B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
FROG
FROG
Q4 25
$704.4M
Q3 25
$651.1M
Q2 25
$611.7M
Q1 25
$563.5M
Q4 24
$522.0M
Q3 24
$467.8M
Q2 24
$591.3M
Q1 24
$579.6M
Total Debt
FMBH
FMBH
FROG
FROG
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
FROG
FROG
Q4 25
$958.7M
$887.4M
Q3 25
$932.2M
$859.4M
Q2 25
$894.1M
$826.5M
Q1 25
$870.9M
$800.0M
Q4 24
$846.4M
$773.5M
Q3 24
$858.5M
$756.2M
Q2 24
$813.6M
$721.4M
Q1 24
$798.0M
$707.8M
Total Assets
FMBH
FMBH
FROG
FROG
Q4 25
$8.0B
$1.3B
Q3 25
$7.8B
$1.3B
Q2 25
$7.7B
$1.2B
Q1 25
$7.6B
$1.2B
Q4 24
$7.5B
$1.1B
Q3 24
$7.6B
$1.1B
Q2 24
$7.6B
$1.0B
Q1 24
$7.7B
$997.1M
Debt / Equity
FMBH
FMBH
FROG
FROG
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
FMBH
FMBH
FROG
FROG
Operating Cash FlowLast quarter
$130.9M
$50.7M
Free Cash FlowOCF − Capex
$124.0M
$49.9M
FCF MarginFCF / Revenue
140.6%
34.3%
Capex IntensityCapex / Revenue
7.8%
0.6%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$142.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
FROG
FROG
Q4 25
$130.9M
$50.7M
Q3 25
$33.0M
$30.2M
Q2 25
$7.7M
$36.1M
Q1 25
$47.9M
$28.8M
Q4 24
$124.4M
$49.1M
Q3 24
$33.1M
$27.6M
Q2 24
$24.0M
$16.7M
Q1 24
$29.0M
$17.5M
Free Cash Flow
FMBH
FMBH
FROG
FROG
Q4 25
$124.0M
$49.9M
Q3 25
$31.9M
$28.8M
Q2 25
$6.0M
$35.5M
Q1 25
$46.0M
$28.1M
Q4 24
$119.5M
$48.5M
Q3 24
$32.0M
$26.7M
Q2 24
$22.9M
$16.0M
Q1 24
$27.6M
$16.6M
FCF Margin
FMBH
FMBH
FROG
FROG
Q4 25
140.6%
34.3%
Q3 25
35.8%
21.0%
Q2 25
6.8%
27.9%
Q1 25
54.5%
23.0%
Q4 24
140.0%
41.8%
Q3 24
39.7%
24.5%
Q2 24
28.9%
15.5%
Q1 24
34.5%
16.6%
Capex Intensity
FMBH
FMBH
FROG
FROG
Q4 25
7.8%
0.6%
Q3 25
1.2%
1.0%
Q2 25
2.0%
0.5%
Q1 25
2.3%
0.5%
Q4 24
5.8%
0.5%
Q3 24
1.4%
0.9%
Q2 24
1.4%
0.7%
Q1 24
1.9%
0.8%
Cash Conversion
FMBH
FMBH
FROG
FROG
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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