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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and IOVANCE BIOTHERAPEUTICS, INC. (IOVA). 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 $86.8M, roughly 1.0× IOVANCE BIOTHERAPEUTICS, INC.). On growth, IOVANCE BIOTHERAPEUTICS, INC. posted the faster year-over-year revenue change (17.7% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-61.9M). Over the past eight quarters, IOVANCE BIOTHERAPEUTICS, INC.'s revenue compounded faster (1001.6% 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.

Iovance Biotherapeutics, Inc. is a biopharmaceutical startup based in San Carlos, California. The company works to develop tumor-infiltrating lymphocyte (TIL) therapies against cancer.

FMBH vs IOVA — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.0× larger
FMBH
$88.2M
$86.8M
IOVA
Growing faster (revenue YoY)
IOVA
IOVA
+14.3% gap
IOVA
17.7%
3.4%
FMBH
More free cash flow
FMBH
FMBH
$185.9M more FCF
FMBH
$124.0M
$-61.9M
IOVA
Faster 2-yr revenue CAGR
IOVA
IOVA
Annualised
IOVA
1001.6%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
IOVA
IOVA
Revenue
$88.2M
$86.8M
Net Profit
$23.7M
Gross Margin
67.4%
Operating Margin
34.0%
-84.7%
Net Margin
26.8%
Revenue YoY
3.4%
17.7%
Net Profit YoY
23.5%
EPS (diluted)
$0.98

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
IOVA
IOVA
Q4 25
$88.2M
$86.8M
Q3 25
$89.3M
$67.5M
Q2 25
$87.5M
$60.0M
Q1 25
$84.3M
$49.3M
Q4 24
$85.3M
$73.7M
Q3 24
$80.6M
$58.6M
Q2 24
$79.2M
$31.1M
Q1 24
$79.9M
$715.0K
Net Profit
FMBH
FMBH
IOVA
IOVA
Q4 25
$23.7M
Q3 25
$22.5M
$-91.3M
Q2 25
$23.4M
$-111.7M
Q1 25
$22.2M
$-116.2M
Q4 24
$19.2M
Q3 24
$19.5M
$-83.5M
Q2 24
$19.7M
$-97.1M
Q1 24
$20.5M
$-113.0M
Gross Margin
FMBH
FMBH
IOVA
IOVA
Q4 25
67.4%
Q3 25
43.0%
Q2 25
5.5%
Q1 25
-0.8%
Q4 24
68.7%
Q3 24
46.2%
Q2 24
-0.8%
Q1 24
Operating Margin
FMBH
FMBH
IOVA
IOVA
Q4 25
34.0%
-84.7%
Q3 25
32.2%
-140.7%
Q2 25
34.4%
-189.8%
Q1 25
33.4%
-245.8%
Q4 24
29.7%
-117.5%
Q3 24
31.5%
-152.1%
Q2 24
33.7%
-327.6%
Q1 24
33.7%
-16464.6%
Net Margin
FMBH
FMBH
IOVA
IOVA
Q4 25
26.8%
Q3 25
25.2%
-135.3%
Q2 25
26.8%
-186.2%
Q1 25
26.3%
-235.5%
Q4 24
22.5%
Q3 24
24.2%
-142.7%
Q2 24
24.9%
-312.2%
Q1 24
25.6%
-15800.8%
EPS (diluted)
FMBH
FMBH
IOVA
IOVA
Q4 25
$0.98
Q3 25
$0.94
Q2 25
$0.98
$-0.33
Q1 25
$0.93
$-0.36
Q4 24
$0.81
$-0.24
Q3 24
$0.81
$-0.28
Q2 24
$0.82
$-0.34
Q1 24
$0.86
$-0.42

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
IOVA
IOVA
Cash + ST InvestmentsLiquidity on hand
$297.0M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$698.6M
Total Assets
$8.0B
$913.2M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
IOVA
IOVA
Q4 25
$297.0M
Q3 25
$300.8M
Q2 25
$301.2M
Q1 25
$359.7M
Q4 24
$323.8M
Q3 24
$397.5M
Q2 24
$412.5M
Q1 24
$356.2M
Total Debt
FMBH
FMBH
IOVA
IOVA
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
IOVA
IOVA
Q4 25
$958.7M
$698.6M
Q3 25
$932.2M
$702.3M
Q2 25
$894.1M
$698.5M
Q1 25
$870.9M
$767.9M
Q4 24
$846.4M
$710.4M
Q3 24
$858.5M
$773.5M
Q2 24
$813.6M
$768.5M
Q1 24
$798.0M
$680.0M
Total Assets
FMBH
FMBH
IOVA
IOVA
Q4 25
$8.0B
$913.2M
Q3 25
$7.8B
$904.9M
Q2 25
$7.7B
$907.4M
Q1 25
$7.6B
$966.7M
Q4 24
$7.5B
$910.4M
Q3 24
$7.6B
$991.1M
Q2 24
$7.6B
$964.3M
Q1 24
$7.7B
$869.8M
Debt / Equity
FMBH
FMBH
IOVA
IOVA
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
IOVA
IOVA
Operating Cash FlowLast quarter
$130.9M
$-52.6M
Free Cash FlowOCF − Capex
$124.0M
$-61.9M
FCF MarginFCF / Revenue
140.6%
-71.3%
Capex IntensityCapex / Revenue
7.8%
10.7%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$-336.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
IOVA
IOVA
Q4 25
$130.9M
$-52.6M
Q3 25
$33.0M
$-78.7M
Q2 25
$7.7M
$-67.4M
Q1 25
$47.9M
$-103.7M
Q4 24
$124.4M
$-73.3M
Q3 24
$33.1M
$-59.0M
Q2 24
$24.0M
$-98.4M
Q1 24
$29.0M
$-122.3M
Free Cash Flow
FMBH
FMBH
IOVA
IOVA
Q4 25
$124.0M
$-61.9M
Q3 25
$31.9M
$-89.5M
Q2 25
$6.0M
$-74.9M
Q1 25
$46.0M
$-109.9M
Q4 24
$119.5M
$-77.5M
Q3 24
$32.0M
$-61.3M
Q2 24
$22.9M
$-98.9M
Q1 24
$27.6M
$-126.5M
FCF Margin
FMBH
FMBH
IOVA
IOVA
Q4 25
140.6%
-71.3%
Q3 25
35.8%
-132.7%
Q2 25
6.8%
-124.9%
Q1 25
54.5%
-222.8%
Q4 24
140.0%
-105.1%
Q3 24
39.7%
-104.6%
Q2 24
28.9%
-317.9%
Q1 24
34.5%
-17685.3%
Capex Intensity
FMBH
FMBH
IOVA
IOVA
Q4 25
7.8%
10.7%
Q3 25
1.2%
16.1%
Q2 25
2.0%
12.4%
Q1 25
2.3%
12.6%
Q4 24
5.8%
5.7%
Q3 24
1.4%
3.9%
Q2 24
1.4%
1.4%
Q1 24
1.9%
583.4%
Cash Conversion
FMBH
FMBH
IOVA
IOVA
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.

Revenue Breakdown by Segment

FMBH
FMBH

Segment breakdown not available.

IOVA
IOVA

Amtagvi$64.9M75%
Proleukin$21.9M25%

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