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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and IRONWOOD PHARMACEUTICALS INC (IRWD). 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 $47.7M, roughly 1.8× IRONWOOD PHARMACEUTICALS INC). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -4.8%, a 31.6% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -47.3%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $74.6M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -20.2%).

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.

Ironwood Pharmaceuticals, Inc. is a publicly traded pharmaceutical company. It was originally called Microbia, Inc.

FMBH vs IRWD — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.8× larger
FMBH
$88.2M
$47.7M
IRWD
Growing faster (revenue YoY)
FMBH
FMBH
+50.7% gap
FMBH
3.4%
-47.3%
IRWD
Higher net margin
FMBH
FMBH
31.6% more per $
FMBH
26.8%
-4.8%
IRWD
More free cash flow
FMBH
FMBH
$49.5M more FCF
FMBH
$124.0M
$74.6M
IRWD
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-20.2%
IRWD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
IRWD
IRWD
Revenue
$88.2M
$47.7M
Net Profit
$23.7M
$-2.3M
Gross Margin
Operating Margin
34.0%
14.3%
Net Margin
26.8%
-4.8%
Revenue YoY
3.4%
-47.3%
Net Profit YoY
23.5%
-200.9%
EPS (diluted)
$0.98
$0.01

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
IRWD
IRWD
Q4 25
$88.2M
$47.7M
Q3 25
$89.3M
$122.1M
Q2 25
$87.5M
$85.2M
Q1 25
$84.3M
$41.1M
Q4 24
$85.3M
$90.5M
Q3 24
$80.6M
$91.6M
Q2 24
$79.2M
$94.4M
Q1 24
$79.9M
$74.9M
Net Profit
FMBH
FMBH
IRWD
IRWD
Q4 25
$23.7M
$-2.3M
Q3 25
$22.5M
$40.1M
Q2 25
$23.4M
$23.6M
Q1 25
$22.2M
$-37.4M
Q4 24
$19.2M
$2.3M
Q3 24
$19.5M
$3.6M
Q2 24
$19.7M
$-860.0K
Q1 24
$20.5M
$-4.2M
Operating Margin
FMBH
FMBH
IRWD
IRWD
Q4 25
34.0%
14.3%
Q3 25
32.2%
61.8%
Q2 25
34.4%
53.2%
Q1 25
33.4%
-70.7%
Q4 24
29.7%
34.8%
Q3 24
31.5%
28.0%
Q2 24
33.7%
26.5%
Q1 24
33.7%
14.7%
Net Margin
FMBH
FMBH
IRWD
IRWD
Q4 25
26.8%
-4.8%
Q3 25
25.2%
32.8%
Q2 25
26.8%
27.7%
Q1 25
26.3%
-90.9%
Q4 24
22.5%
2.5%
Q3 24
24.2%
4.0%
Q2 24
24.9%
-0.9%
Q1 24
25.6%
-5.6%
EPS (diluted)
FMBH
FMBH
IRWD
IRWD
Q4 25
$0.98
$0.01
Q3 25
$0.94
$0.23
Q2 25
$0.98
$0.14
Q1 25
$0.93
$-0.23
Q4 24
$0.81
$0.03
Q3 24
$0.81
$0.02
Q2 24
$0.82
$-0.01
Q1 24
$0.86
$-0.03

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
IRWD
IRWD
Cash + ST InvestmentsLiquidity on hand
$215.5M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$-261.8M
Total Assets
$8.0B
$396.9M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
IRWD
IRWD
Q4 25
$215.5M
Q3 25
$140.4M
Q2 25
$92.9M
Q1 25
$108.5M
Q4 24
$88.6M
Q3 24
$88.2M
Q2 24
$105.5M
Q1 24
$121.5M
Total Debt
FMBH
FMBH
IRWD
IRWD
Q4 25
$354.5M
Q3 25
$199.5M
Q2 25
$199.3M
Q1 25
$199.2M
Q4 24
$199.0M
Q3 24
$198.8M
Q2 24
$198.6M
Q1 24
$398.3M
Stockholders' Equity
FMBH
FMBH
IRWD
IRWD
Q4 25
$958.7M
$-261.8M
Q3 25
$932.2M
$-264.2M
Q2 25
$894.1M
$-308.2M
Q1 25
$870.9M
$-334.1M
Q4 24
$846.4M
$-301.3M
Q3 24
$858.5M
$-311.3M
Q2 24
$813.6M
$-321.7M
Q1 24
$798.0M
$-330.5M
Total Assets
FMBH
FMBH
IRWD
IRWD
Q4 25
$8.0B
$396.9M
Q3 25
$7.8B
$396.1M
Q2 25
$7.7B
$342.9M
Q1 25
$7.6B
$327.2M
Q4 24
$7.5B
$350.9M
Q3 24
$7.6B
$389.5M
Q2 24
$7.6B
$395.6M
Q1 24
$7.7B
$438.8M
Debt / Equity
FMBH
FMBH
IRWD
IRWD
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
IRWD
IRWD
Operating Cash FlowLast quarter
$130.9M
$74.6M
Free Cash FlowOCF − Capex
$124.0M
$74.6M
FCF MarginFCF / Revenue
140.6%
156.3%
Capex IntensityCapex / Revenue
7.8%
0.0%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$127.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
IRWD
IRWD
Q4 25
$130.9M
$74.6M
Q3 25
$33.0M
$47.6M
Q2 25
$7.7M
$-15.1M
Q1 25
$47.9M
$20.0M
Q4 24
$124.4M
$15.2M
Q3 24
$33.1M
$9.9M
Q2 24
$24.0M
$33.5M
Q1 24
$29.0M
$45.0M
Free Cash Flow
FMBH
FMBH
IRWD
IRWD
Q4 25
$124.0M
$74.6M
Q3 25
$31.9M
$47.6M
Q2 25
$6.0M
$-15.1M
Q1 25
$46.0M
$19.9M
Q4 24
$119.5M
Q3 24
$32.0M
$9.9M
Q2 24
$22.9M
$33.4M
Q1 24
$27.6M
$44.9M
FCF Margin
FMBH
FMBH
IRWD
IRWD
Q4 25
140.6%
156.3%
Q3 25
35.8%
39.0%
Q2 25
6.8%
-17.7%
Q1 25
54.5%
48.4%
Q4 24
140.0%
Q3 24
39.7%
10.8%
Q2 24
28.9%
35.4%
Q1 24
34.5%
60.0%
Capex Intensity
FMBH
FMBH
IRWD
IRWD
Q4 25
7.8%
0.0%
Q3 25
1.2%
0.0%
Q2 25
2.0%
0.0%
Q1 25
2.3%
0.1%
Q4 24
5.8%
0.0%
Q3 24
1.4%
0.0%
Q2 24
1.4%
0.1%
Q1 24
1.9%
0.1%
Cash Conversion
FMBH
FMBH
IRWD
IRWD
Q4 25
5.53×
Q3 25
1.47×
1.19×
Q2 25
0.33×
-0.64×
Q1 25
2.16×
Q4 24
6.49×
6.74×
Q3 24
1.70×
2.71×
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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