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

GDEV Inc. is the larger business by last-quarter revenue ($119.9M vs $88.2M, roughly 1.4× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 13.9%, a 13.0% gap on every dollar of revenue. On growth, GDEV Inc. posted the faster year-over-year revenue change (13.3% vs 3.4%).

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.

GDEV Inc. is a gaming and entertainment holding company. It is a publicly traded company listed on the Nasdaq stock exchange, headquartered in Limassol, Cyprus. The holding was evolved in June 2023 from a video game company Nexters, founded in 2014, one of the top five independent mobile game companies in Europe. Subsidiaries of GDEV include Nexters Studio, which operates offices in Cyprus, Armenia, and Kazakhstan, as well as Cubic Games, Royal Ark, Game Gears and Light Hour Games. The compan...

FMBH vs GDEV — Head-to-Head

Bigger by revenue
GDEV
GDEV
1.4× larger
GDEV
$119.9M
$88.2M
FMBH
Growing faster (revenue YoY)
GDEV
GDEV
+9.9% gap
GDEV
13.3%
3.4%
FMBH
Higher net margin
FMBH
FMBH
13.0% more per $
FMBH
26.8%
13.9%
GDEV

Income Statement — Q4 FY2025 vs Q2 FY2025

Metric
FMBH
FMBH
GDEV
GDEV
Revenue
$88.2M
$119.9M
Net Profit
$23.7M
$16.6M
Gross Margin
Operating Margin
34.0%
15.5%
Net Margin
26.8%
13.9%
Revenue YoY
3.4%
13.3%
Net Profit YoY
23.5%
13.0%
EPS (diluted)
$0.98
$0.90

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
GDEV
GDEV
Q4 25
$88.2M
Q3 25
$89.3M
Q2 25
$87.5M
$119.9M
Q1 25
$84.3M
Q4 24
$85.3M
Q3 24
$80.6M
Q2 24
$79.2M
$105.8M
Q1 24
$79.9M
Net Profit
FMBH
FMBH
GDEV
GDEV
Q4 25
$23.7M
Q3 25
$22.5M
Q2 25
$23.4M
$16.6M
Q1 25
$22.2M
Q4 24
$19.2M
Q3 24
$19.5M
Q2 24
$19.7M
$14.7M
Q1 24
$20.5M
Operating Margin
FMBH
FMBH
GDEV
GDEV
Q4 25
34.0%
Q3 25
32.2%
Q2 25
34.4%
15.5%
Q1 25
33.4%
Q4 24
29.7%
Q3 24
31.5%
Q2 24
33.7%
14.4%
Q1 24
33.7%
Net Margin
FMBH
FMBH
GDEV
GDEV
Q4 25
26.8%
Q3 25
25.2%
Q2 25
26.8%
13.9%
Q1 25
26.3%
Q4 24
22.5%
Q3 24
24.2%
Q2 24
24.9%
13.9%
Q1 24
25.6%
EPS (diluted)
FMBH
FMBH
GDEV
GDEV
Q4 25
$0.98
Q3 25
$0.94
Q2 25
$0.98
$0.90
Q1 25
$0.93
Q4 24
$0.81
Q3 24
$0.81
Q2 24
$0.82
$0.81
Q1 24
$0.86

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
GDEV
GDEV
Cash + ST InvestmentsLiquidity on hand
$41.6M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$-129.4M
Total Assets
$8.0B
$210.2M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
GDEV
GDEV
Q4 25
Q3 25
Q2 25
$41.6M
Q1 25
Q4 24
Q3 24
Q2 24
$50.8M
Q1 24
Total Debt
FMBH
FMBH
GDEV
GDEV
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
GDEV
GDEV
Q4 25
$958.7M
Q3 25
$932.2M
Q2 25
$894.1M
$-129.4M
Q1 25
$870.9M
Q4 24
$846.4M
Q3 24
$858.5M
Q2 24
$813.6M
$-118.7M
Q1 24
$798.0M
Total Assets
FMBH
FMBH
GDEV
GDEV
Q4 25
$8.0B
Q3 25
$7.8B
Q2 25
$7.7B
$210.2M
Q1 25
$7.6B
Q4 24
$7.5B
Q3 24
$7.6B
Q2 24
$7.6B
$282.8M
Q1 24
$7.7B
Debt / Equity
FMBH
FMBH
GDEV
GDEV
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
GDEV
GDEV
Operating Cash FlowLast quarter
$130.9M
Free Cash FlowOCF − Capex
$124.0M
FCF MarginFCF / Revenue
140.6%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
GDEV
GDEV
Q4 25
$130.9M
Q3 25
$33.0M
Q2 25
$7.7M
Q1 25
$47.9M
Q4 24
$124.4M
Q3 24
$33.1M
Q2 24
$24.0M
Q1 24
$29.0M
Free Cash Flow
FMBH
FMBH
GDEV
GDEV
Q4 25
$124.0M
Q3 25
$31.9M
Q2 25
$6.0M
Q1 25
$46.0M
Q4 24
$119.5M
Q3 24
$32.0M
Q2 24
$22.9M
Q1 24
$27.6M
FCF Margin
FMBH
FMBH
GDEV
GDEV
Q4 25
140.6%
Q3 25
35.8%
Q2 25
6.8%
Q1 25
54.5%
Q4 24
140.0%
Q3 24
39.7%
Q2 24
28.9%
Q1 24
34.5%
Capex Intensity
FMBH
FMBH
GDEV
GDEV
Q4 25
7.8%
Q3 25
1.2%
Q2 25
2.0%
Q1 25
2.3%
Q4 24
5.8%
Q3 24
1.4%
Q2 24
1.4%
Q1 24
1.9%
Cash Conversion
FMBH
FMBH
GDEV
GDEV
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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