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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and GRAHAM CORP (GHM). Click either name above to swap in a different company.
FIRST MID BANCSHARES, INC. is the larger business by last-quarter revenue ($88.2M vs $56.7M, roughly 1.6× GRAHAM CORP). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 5.0%, a 21.8% gap on every dollar of revenue. On growth, GRAHAM CORP posted the faster year-over-year revenue change (20.5% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $2.4M). Over the past eight quarters, GRAHAM CORP's revenue compounded faster (7.5% 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.
Graham Holdings Company is a diversified American conglomerate holding company. Headquartered in Arlington County, Virginia, and incorporated in Delaware, it was formerly the owner of The Washington Post newspaper and Newsweek magazine.
FMBH vs GHM — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $56.7M |
| Net Profit | $23.7M | $2.8M |
| Gross Margin | — | 23.8% |
| Operating Margin | 34.0% | 5.5% |
| Net Margin | 26.8% | 5.0% |
| Revenue YoY | 3.4% | 20.5% |
| Net Profit YoY | 23.5% | 79.2% |
| EPS (diluted) | $0.98 | $0.25 |
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 | $56.7M | ||
| Q3 25 | $89.3M | $66.0M | ||
| Q2 25 | $87.5M | $55.5M | ||
| Q1 25 | $84.3M | $59.3M | ||
| Q4 24 | $85.3M | $47.0M | ||
| Q3 24 | $80.6M | $53.6M | ||
| Q2 24 | $79.2M | $50.0M | ||
| Q1 24 | $79.9M | $49.1M |
| Q4 25 | $23.7M | $2.8M | ||
| Q3 25 | $22.5M | $3.1M | ||
| Q2 25 | $23.4M | $4.6M | ||
| Q1 25 | $22.2M | $4.4M | ||
| Q4 24 | $19.2M | $1.6M | ||
| Q3 24 | $19.5M | $3.3M | ||
| Q2 24 | $19.7M | $3.0M | ||
| Q1 24 | $20.5M | $1.3M |
| Q4 25 | — | 23.8% | ||
| Q3 25 | — | 21.7% | ||
| Q2 25 | — | 26.5% | ||
| Q1 25 | — | 27.0% | ||
| Q4 24 | — | 24.8% | ||
| Q3 24 | — | 23.9% | ||
| Q2 24 | — | 24.8% | ||
| Q1 24 | — | 25.9% |
| Q4 25 | 34.0% | 5.5% | ||
| Q3 25 | 32.2% | 6.5% | ||
| Q2 25 | 34.4% | 8.9% | ||
| Q1 25 | 33.4% | 9.3% | ||
| Q4 24 | 29.7% | 4.7% | ||
| Q3 24 | 31.5% | 7.9% | ||
| Q2 24 | 33.7% | 6.5% | ||
| Q1 24 | 33.7% | 3.1% |
| Q4 25 | 26.8% | 5.0% | ||
| Q3 25 | 25.2% | 4.7% | ||
| Q2 25 | 26.8% | 8.3% | ||
| Q1 25 | 26.3% | 7.4% | ||
| Q4 24 | 22.5% | 3.4% | ||
| Q3 24 | 24.2% | 6.1% | ||
| Q2 24 | 24.9% | 5.9% | ||
| Q1 24 | 25.6% | 2.7% |
| Q4 25 | $0.98 | $0.25 | ||
| Q3 25 | $0.94 | $0.28 | ||
| Q2 25 | $0.98 | $0.42 | ||
| Q1 25 | $0.93 | $0.40 | ||
| Q4 24 | $0.81 | $0.14 | ||
| Q3 24 | $0.81 | $0.30 | ||
| Q2 24 | $0.82 | $0.27 | ||
| Q1 24 | $0.86 | $0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $22.3M |
| Total DebtLower is stronger | $354.5M | — |
| Stockholders' EquityBook value | $958.7M | $131.3M |
| Total Assets | $8.0B | $292.9M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.3M | ||
| Q3 25 | — | $20.6M | ||
| Q2 25 | — | $10.8M | ||
| Q1 25 | — | $21.6M | ||
| Q4 24 | — | $30.0M | ||
| Q3 24 | — | $32.3M | ||
| Q2 24 | — | $21.6M | ||
| Q1 24 | — | $16.9M |
| Q4 25 | $354.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $958.7M | $131.3M | ||
| Q3 25 | $932.2M | $127.6M | ||
| Q2 25 | $894.1M | $123.4M | ||
| Q1 25 | $870.9M | $119.6M | ||
| Q4 24 | $846.4M | $114.4M | ||
| Q3 24 | $858.5M | $112.5M | ||
| Q2 24 | $813.6M | $108.2M | ||
| Q1 24 | $798.0M | $105.6M |
| Q4 25 | $8.0B | $292.9M | ||
| Q3 25 | $7.8B | $287.0M | ||
| Q2 25 | $7.7B | $252.3M | ||
| Q1 25 | $7.6B | $264.1M | ||
| Q4 24 | $7.5B | $264.3M | ||
| Q3 24 | $7.6B | $249.5M | ||
| Q2 24 | $7.6B | $244.2M | ||
| Q1 24 | $7.7B | $233.9M |
| 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 | $4.8M |
| Free Cash FlowOCF − Capex | $124.0M | $2.4M |
| FCF MarginFCF / Revenue | 140.6% | 4.3% |
| Capex IntensityCapex / Revenue | 7.8% | 4.1% |
| Cash ConversionOCF / Net Profit | 5.53× | 1.67× |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $-6.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $4.8M | ||
| Q3 25 | $33.0M | $13.6M | ||
| Q2 25 | $7.7M | $-2.3M | ||
| Q1 25 | $47.9M | $-3.6M | ||
| Q4 24 | $124.4M | $5.2M | ||
| Q3 24 | $33.1M | $13.9M | ||
| Q2 24 | $24.0M | $8.7M | ||
| Q1 24 | $29.0M | $8.6M |
| Q4 25 | $124.0M | $2.4M | ||
| Q3 25 | $31.9M | $9.4M | ||
| Q2 25 | $6.0M | $-9.3M | ||
| Q1 25 | $46.0M | $-8.7M | ||
| Q4 24 | $119.5M | $-2.1M | ||
| Q3 24 | $32.0M | $10.4M | ||
| Q2 24 | $22.9M | $5.7M | ||
| Q1 24 | $27.6M | $4.6M |
| Q4 25 | 140.6% | 4.3% | ||
| Q3 25 | 35.8% | 14.3% | ||
| Q2 25 | 6.8% | -16.7% | ||
| Q1 25 | 54.5% | -14.7% | ||
| Q4 24 | 140.0% | -4.5% | ||
| Q3 24 | 39.7% | 19.5% | ||
| Q2 24 | 28.9% | 11.5% | ||
| Q1 24 | 34.5% | 9.4% |
| Q4 25 | 7.8% | 4.1% | ||
| Q3 25 | 1.2% | 6.3% | ||
| Q2 25 | 2.0% | 12.6% | ||
| Q1 25 | 2.3% | 8.7% | ||
| Q4 24 | 5.8% | 15.6% | ||
| Q3 24 | 1.4% | 6.5% | ||
| Q2 24 | 1.4% | 6.0% | ||
| Q1 24 | 1.9% | 8.2% |
| Q4 25 | 5.53× | 1.67× | ||
| Q3 25 | 1.47× | 4.40× | ||
| Q2 25 | 0.33× | -0.49× | ||
| Q1 25 | 2.16× | -0.81× | ||
| Q4 24 | 6.49× | 3.29× | ||
| Q3 24 | 1.70× | 4.25× | ||
| Q2 24 | 1.21× | 2.94× | ||
| Q1 24 | 1.42× | 6.45× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
GHM
| Defense | $35.3M | 62% |
| Energy And Process | $18.3M | 32% |
| Space | $3.1M | 6% |
