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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and INSTEEL INDUSTRIES INC (IIIN). Click either name above to swap in a different company.
INSTEEL INDUSTRIES INC is the larger business by last-quarter revenue ($159.9M vs $88.2M, roughly 1.8× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 4.7%, a 22.1% gap on every dollar of revenue. On growth, INSTEEL INDUSTRIES INC posted the faster year-over-year revenue change (23.3% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-2.2M). Over the past eight quarters, INSTEEL INDUSTRIES INC's revenue compounded faster (12.0% 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.
Insteel Industries Inc is a leading U.S. manufacturer of steel reinforcing products including welded wire reinforcement and steel fibers. It primarily serves non-residential construction, infrastructure, and precast concrete segments across North America, delivering high-performance reinforcement solutions for various construction projects.
FMBH vs IIIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $159.9M |
| Net Profit | $23.7M | $7.6M |
| Gross Margin | — | 11.3% |
| Operating Margin | 34.0% | 6.0% |
| Net Margin | 26.8% | 4.7% |
| Revenue YoY | 3.4% | 23.3% |
| Net Profit YoY | 23.5% | 602.4% |
| EPS (diluted) | $0.98 | $0.39 |
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 | $159.9M | ||
| Q3 25 | $89.3M | $177.4M | ||
| Q2 25 | $87.5M | $179.9M | ||
| Q1 25 | $84.3M | $160.7M | ||
| Q4 24 | $85.3M | $129.7M | ||
| Q3 24 | $80.6M | $134.3M | ||
| Q2 24 | $79.2M | $145.8M | ||
| Q1 24 | $79.9M | $127.4M |
| Q4 25 | $23.7M | $7.6M | ||
| Q3 25 | $22.5M | $14.6M | ||
| Q2 25 | $23.4M | $15.2M | ||
| Q1 25 | $22.2M | $10.2M | ||
| Q4 24 | $19.2M | $1.1M | ||
| Q3 24 | $19.5M | $4.7M | ||
| Q2 24 | $19.7M | $6.6M | ||
| Q1 24 | $20.5M | $6.9M |
| Q4 25 | — | 11.3% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | 15.3% | ||
| Q4 24 | — | 7.3% | ||
| Q3 24 | — | 9.1% | ||
| Q2 24 | — | 10.6% | ||
| Q1 24 | — | 12.3% |
| Q4 25 | 34.0% | 6.0% | ||
| Q3 25 | 32.2% | 10.8% | ||
| Q2 25 | 34.4% | 11.0% | ||
| Q1 25 | 33.4% | 8.3% | ||
| Q4 24 | 29.7% | 1.1% | ||
| Q3 24 | 31.5% | 4.5% | ||
| Q2 24 | 33.7% | 6.0% | ||
| Q1 24 | 33.7% | 7.0% |
| Q4 25 | 26.8% | 4.7% | ||
| Q3 25 | 25.2% | 8.2% | ||
| Q2 25 | 26.8% | 8.4% | ||
| Q1 25 | 26.3% | 6.4% | ||
| Q4 24 | 22.5% | 0.8% | ||
| Q3 24 | 24.2% | 3.5% | ||
| Q2 24 | 24.9% | 4.5% | ||
| Q1 24 | 25.6% | 5.4% |
| Q4 25 | $0.98 | $0.39 | ||
| Q3 25 | $0.94 | $0.74 | ||
| Q2 25 | $0.98 | $0.78 | ||
| Q1 25 | $0.93 | $0.52 | ||
| Q4 24 | $0.81 | $0.06 | ||
| Q3 24 | $0.81 | $0.24 | ||
| Q2 24 | $0.82 | $0.34 | ||
| 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 | — | $15.6M |
| Total DebtLower is stronger | $354.5M | — |
| Stockholders' EquityBook value | $958.7M | $358.8M |
| Total Assets | $8.0B | $456.1M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $15.6M | ||
| Q3 25 | — | $38.6M | ||
| Q2 25 | — | $53.7M | ||
| Q1 25 | — | $28.4M | ||
| Q4 24 | — | $36.0M | ||
| Q3 24 | — | $111.5M | ||
| Q2 24 | — | $97.7M | ||
| Q1 24 | — | $83.9M |
| Q4 25 | $354.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $958.7M | $358.8M | ||
| Q3 25 | $932.2M | $371.5M | ||
| Q2 25 | $894.1M | $356.2M | ||
| Q1 25 | $870.9M | $341.4M | ||
| Q4 24 | $846.4M | $331.6M | ||
| Q3 24 | $858.5M | $350.9M | ||
| Q2 24 | $813.6M | $346.0M | ||
| Q1 24 | $798.0M | $340.6M |
| Q4 25 | $8.0B | $456.1M | ||
| Q3 25 | $7.8B | $462.6M | ||
| Q2 25 | $7.7B | $471.9M | ||
| Q1 25 | $7.6B | $421.9M | ||
| Q4 24 | $7.5B | $404.7M | ||
| Q3 24 | $7.6B | $422.6M | ||
| Q2 24 | $7.6B | $414.6M | ||
| Q1 24 | $7.7B | $397.2M |
| 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 | $-701.0K |
| Free Cash FlowOCF − Capex | $124.0M | $-2.2M |
| FCF MarginFCF / Revenue | 140.6% | -1.4% |
| Capex IntensityCapex / Revenue | 7.8% | 0.9% |
| Cash ConversionOCF / Net Profit | 5.53× | -0.09× |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $439.0K |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $-701.0K | ||
| Q3 25 | $33.0M | $-17.0M | ||
| Q2 25 | $7.7M | $28.5M | ||
| Q1 25 | $47.9M | $-3.3M | ||
| Q4 24 | $124.4M | $19.0M | ||
| Q3 24 | $33.1M | $16.2M | ||
| Q2 24 | $24.0M | $18.8M | ||
| Q1 24 | $29.0M | $1.4M |
| Q4 25 | $124.0M | $-2.2M | ||
| Q3 25 | $31.9M | $-18.7M | ||
| Q2 25 | $6.0M | $26.9M | ||
| Q1 25 | $46.0M | $-5.5M | ||
| Q4 24 | $119.5M | $16.3M | ||
| Q3 24 | $32.0M | $14.5M | ||
| Q2 24 | $22.9M | $15.5M | ||
| Q1 24 | $27.6M | $-580.0K |
| Q4 25 | 140.6% | -1.4% | ||
| Q3 25 | 35.8% | -10.6% | ||
| Q2 25 | 6.8% | 15.0% | ||
| Q1 25 | 54.5% | -3.5% | ||
| Q4 24 | 140.0% | 12.6% | ||
| Q3 24 | 39.7% | 10.8% | ||
| Q2 24 | 28.9% | 10.7% | ||
| Q1 24 | 34.5% | -0.5% |
| Q4 25 | 7.8% | 0.9% | ||
| Q3 25 | 1.2% | 1.0% | ||
| Q2 25 | 2.0% | 0.9% | ||
| Q1 25 | 2.3% | 1.4% | ||
| Q4 24 | 5.8% | 2.1% | ||
| Q3 24 | 1.4% | 1.3% | ||
| Q2 24 | 1.4% | 2.2% | ||
| Q1 24 | 1.9% | 1.5% |
| Q4 25 | 5.53× | -0.09× | ||
| Q3 25 | 1.47× | -1.17× | ||
| Q2 25 | 0.33× | 1.88× | ||
| Q1 25 | 2.16× | -0.32× | ||
| Q4 24 | 6.49× | 17.56× | ||
| Q3 24 | 1.70× | 3.48× | ||
| Q2 24 | 1.21× | 2.86× | ||
| Q1 24 | 1.42× | 0.20× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
IIIN
| Welded Wire Reinforcement | $108.4M | 68% |
| PC Strand | $51.6M | 32% |
