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

INNODATA INC is the larger business by last-quarter revenue ($90.1M vs $88.2M, roughly 1.0× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 16.5%, a 10.3% gap on every dollar of revenue. On growth, INNODATA INC posted the faster year-over-year revenue change (54.4% vs 3.4%). Over the past eight quarters, INNODATA INC's revenue compounded faster (66.4% 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.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

FMBH vs INOD — Head-to-Head

Bigger by revenue
INOD
INOD
1.0× larger
INOD
$90.1M
$88.2M
FMBH
Growing faster (revenue YoY)
INOD
INOD
+51.0% gap
INOD
54.4%
3.4%
FMBH
Higher net margin
FMBH
FMBH
10.3% more per $
FMBH
26.8%
16.5%
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
66.4%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FMBH
FMBH
INOD
INOD
Revenue
$88.2M
$90.1M
Net Profit
$23.7M
$14.9M
Gross Margin
Operating Margin
34.0%
Net Margin
26.8%
16.5%
Revenue YoY
3.4%
54.4%
Net Profit YoY
23.5%
91.3%
EPS (diluted)
$0.98
$0.42

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
INOD
INOD
Q1 26
$90.1M
Q4 25
$88.2M
$72.4M
Q3 25
$89.3M
$62.5M
Q2 25
$87.5M
$58.4M
Q1 25
$84.3M
$58.3M
Q4 24
$85.3M
$59.2M
Q3 24
$80.6M
$52.2M
Q2 24
$79.2M
$32.6M
Net Profit
FMBH
FMBH
INOD
INOD
Q1 26
$14.9M
Q4 25
$23.7M
$8.8M
Q3 25
$22.5M
$8.3M
Q2 25
$23.4M
$7.2M
Q1 25
$22.2M
$7.8M
Q4 24
$19.2M
$10.3M
Q3 24
$19.5M
$17.4M
Q2 24
$19.7M
$-14.0K
Gross Margin
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Operating Margin
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
34.0%
15.1%
Q3 25
32.2%
18.8%
Q2 25
34.4%
15.3%
Q1 25
33.4%
14.2%
Q4 24
29.7%
19.0%
Q3 24
31.5%
21.9%
Q2 24
33.7%
1.0%
Net Margin
FMBH
FMBH
INOD
INOD
Q1 26
16.5%
Q4 25
26.8%
12.2%
Q3 25
25.2%
13.3%
Q2 25
26.8%
12.4%
Q1 25
26.3%
13.3%
Q4 24
22.5%
17.4%
Q3 24
24.2%
33.3%
Q2 24
24.9%
-0.0%
EPS (diluted)
FMBH
FMBH
INOD
INOD
Q1 26
$0.42
Q4 25
$0.98
$0.26
Q3 25
$0.94
$0.24
Q2 25
$0.98
$0.20
Q1 25
$0.93
$0.22
Q4 24
$0.81
$0.35
Q3 24
$0.81
$0.51
Q2 24
$0.82
$0.00

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$117.4M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$128.2M
Total Assets
$8.0B
$210.4M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
INOD
INOD
Q1 26
$117.4M
Q4 25
$82.2M
Q3 25
$73.9M
Q2 25
$59.8M
Q1 25
$56.6M
Q4 24
$46.9M
Q3 24
$26.4M
Q2 24
$16.5M
Total Debt
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FMBH
FMBH
INOD
INOD
Q1 26
$128.2M
Q4 25
$958.7M
$107.1M
Q3 25
$932.2M
$97.3M
Q2 25
$894.1M
$86.7M
Q1 25
$870.9M
$75.5M
Q4 24
$846.4M
$63.5M
Q3 24
$858.5M
$47.7M
Q2 24
$813.6M
$29.0M
Total Assets
FMBH
FMBH
INOD
INOD
Q1 26
$210.4M
Q4 25
$8.0B
$168.6M
Q3 25
$7.8B
$152.9M
Q2 25
$7.7B
$132.6M
Q1 25
$7.6B
$125.2M
Q4 24
$7.5B
$113.4M
Q3 24
$7.6B
$88.2M
Q2 24
$7.6B
$66.0M
Debt / Equity
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
INOD
INOD
Operating Cash FlowLast quarter
$130.9M
$37.3M
Free Cash FlowOCF − Capex
$124.0M
FCF MarginFCF / Revenue
140.6%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
5.53×
2.50×
TTM Free Cash FlowTrailing 4 quarters
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
INOD
INOD
Q1 26
$37.3M
Q4 25
$130.9M
$12.9M
Q3 25
$33.0M
$18.8M
Q2 25
$7.7M
$4.2M
Q1 25
$47.9M
$10.9M
Q4 24
$124.4M
$17.2M
Q3 24
$33.1M
$11.4M
Q2 24
$24.0M
$-454.0K
Free Cash Flow
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
$124.0M
$10.1M
Q3 25
$31.9M
$14.5M
Q2 25
$6.0M
$2.5M
Q1 25
$46.0M
$8.5M
Q4 24
$119.5M
$15.0M
Q3 24
$32.0M
$9.9M
Q2 24
$22.9M
$-3.2M
FCF Margin
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
140.6%
13.9%
Q3 25
35.8%
23.2%
Q2 25
6.8%
4.3%
Q1 25
54.5%
14.6%
Q4 24
140.0%
25.3%
Q3 24
39.7%
19.0%
Q2 24
28.9%
-9.8%
Capex Intensity
FMBH
FMBH
INOD
INOD
Q1 26
Q4 25
7.8%
3.9%
Q3 25
1.2%
6.8%
Q2 25
2.0%
2.9%
Q1 25
2.3%
4.0%
Q4 24
5.8%
3.7%
Q3 24
1.4%
2.8%
Q2 24
1.4%
8.4%
Cash Conversion
FMBH
FMBH
INOD
INOD
Q1 26
2.50×
Q4 25
5.53×
1.46×
Q3 25
1.47×
2.25×
Q2 25
0.33×
0.59×
Q1 25
2.16×
1.40×
Q4 24
6.49×
1.67×
Q3 24
1.70×
0.65×
Q2 24
1.21×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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