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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and Kennedy-Wilson Holdings, Inc. (KW). Click either name above to swap in a different company.

Kennedy-Wilson Holdings, Inc. is the larger business by last-quarter revenue ($120.6M vs $88.2M, roughly 1.4× FIRST MID BANCSHARES, INC.). Kennedy-Wilson Holdings, Inc. runs the higher net margin — 48.1% vs 26.8%, a 21.3% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -11.0%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-55.2M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -6.0%).

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.

Kennedy Wilson is a real estate investment company headquartered in Beverly Hills, California, United States.

FMBH vs KW — Head-to-Head

Bigger by revenue
KW
KW
1.4× larger
KW
$120.6M
$88.2M
FMBH
Growing faster (revenue YoY)
FMBH
FMBH
+14.4% gap
FMBH
3.4%
-11.0%
KW
Higher net margin
KW
KW
21.3% more per $
KW
48.1%
26.8%
FMBH
More free cash flow
FMBH
FMBH
$179.2M more FCF
FMBH
$124.0M
$-55.2M
KW
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-6.0%
KW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
KW
KW
Revenue
$88.2M
$120.6M
Net Profit
$23.7M
$58.0M
Gross Margin
Operating Margin
34.0%
57.3%
Net Margin
26.8%
48.1%
Revenue YoY
3.4%
-11.0%
Net Profit YoY
23.5%
32.7%
EPS (diluted)
$0.98
$0.22

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
KW
KW
Q4 25
$88.2M
$120.6M
Q3 25
$89.3M
$116.4M
Q2 25
$87.5M
$135.7M
Q1 25
$84.3M
$128.3M
Q4 24
$85.3M
$135.5M
Q3 24
$80.6M
$127.5M
Q2 24
$79.2M
$132.0M
Q1 24
$79.9M
$136.4M
Net Profit
FMBH
FMBH
KW
KW
Q4 25
$23.7M
$58.0M
Q3 25
$22.5M
$-10.2M
Q2 25
$23.4M
$5.6M
Q1 25
$22.2M
$-29.6M
Q4 24
$19.2M
$43.7M
Q3 24
$19.5M
$-66.8M
Q2 24
$19.7M
$-48.3M
Q1 24
$20.5M
$37.7M
Operating Margin
FMBH
FMBH
KW
KW
Q4 25
34.0%
57.3%
Q3 25
32.2%
-6.2%
Q2 25
34.4%
7.4%
Q1 25
33.4%
-26.9%
Q4 24
29.7%
36.7%
Q3 24
31.5%
-60.8%
Q2 24
33.7%
-45.5%
Q1 24
33.7%
47.2%
Net Margin
FMBH
FMBH
KW
KW
Q4 25
26.8%
48.1%
Q3 25
25.2%
-8.8%
Q2 25
26.8%
4.1%
Q1 25
26.3%
-23.1%
Q4 24
22.5%
32.3%
Q3 24
24.2%
-52.4%
Q2 24
24.9%
-36.6%
Q1 24
25.6%
27.6%
EPS (diluted)
FMBH
FMBH
KW
KW
Q4 25
$0.98
$0.22
Q3 25
$0.94
$-0.15
Q2 25
$0.98
$-0.05
Q1 25
$0.93
$-0.30
Q4 24
$0.81
$0.24
Q3 24
$0.81
$-0.56
Q2 24
$0.82
$-0.43
Q1 24
$0.86
$0.19

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
KW
KW
Cash + ST InvestmentsLiquidity on hand
$184.5M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$1.5B
Total Assets
$8.0B
$6.6B
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
KW
KW
Q4 25
$184.5M
Q3 25
$382.6M
Q2 25
$309.1M
Q1 25
$356.6M
Q4 24
$217.5M
Q3 24
$367.1M
Q2 24
$366.5M
Q1 24
$541.9M
Total Debt
FMBH
FMBH
KW
KW
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
KW
KW
Q4 25
$958.7M
$1.5B
Q3 25
$932.2M
$1.5B
Q2 25
$894.1M
$1.6B
Q1 25
$870.9M
$1.6B
Q4 24
$846.4M
$1.6B
Q3 24
$858.5M
$1.6B
Q2 24
$813.6M
$1.7B
Q1 24
$798.0M
$1.7B
Total Assets
FMBH
FMBH
KW
KW
Q4 25
$8.0B
$6.6B
Q3 25
$7.8B
$6.7B
Q2 25
$7.7B
$6.8B
Q1 25
$7.6B
$7.2B
Q4 24
$7.5B
$7.0B
Q3 24
$7.6B
$7.4B
Q2 24
$7.6B
$7.5B
Q1 24
$7.7B
$7.7B
Debt / Equity
FMBH
FMBH
KW
KW
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
KW
KW
Operating Cash FlowLast quarter
$130.9M
$11.4M
Free Cash FlowOCF − Capex
$124.0M
$-55.2M
FCF MarginFCF / Revenue
140.6%
-45.8%
Capex IntensityCapex / Revenue
7.8%
55.2%
Cash ConversionOCF / Net Profit
5.53×
0.20×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$-103.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
KW
KW
Q4 25
$130.9M
$11.4M
Q3 25
$33.0M
$-7.6M
Q2 25
$7.7M
$42.0M
Q1 25
$47.9M
$-51.9M
Q4 24
$124.4M
$55.1M
Q3 24
$33.1M
$-5.6M
Q2 24
$24.0M
$36.7M
Q1 24
$29.0M
$-5.6M
Free Cash Flow
FMBH
FMBH
KW
KW
Q4 25
$124.0M
$-55.2M
Q3 25
$31.9M
$-18.0M
Q2 25
$6.0M
$29.4M
Q1 25
$46.0M
$-59.7M
Q4 24
$119.5M
$-76.5M
Q3 24
$32.0M
$-27.7M
Q2 24
$22.9M
$-500.0K
Q1 24
$27.6M
$-57.1M
FCF Margin
FMBH
FMBH
KW
KW
Q4 25
140.6%
-45.8%
Q3 25
35.8%
-15.5%
Q2 25
6.8%
21.7%
Q1 25
54.5%
-46.5%
Q4 24
140.0%
-56.5%
Q3 24
39.7%
-21.7%
Q2 24
28.9%
-0.4%
Q1 24
34.5%
-41.9%
Capex Intensity
FMBH
FMBH
KW
KW
Q4 25
7.8%
55.2%
Q3 25
1.2%
8.9%
Q2 25
2.0%
9.3%
Q1 25
2.3%
6.1%
Q4 24
5.8%
97.1%
Q3 24
1.4%
17.3%
Q2 24
1.4%
28.2%
Q1 24
1.9%
37.8%
Cash Conversion
FMBH
FMBH
KW
KW
Q4 25
5.53×
0.20×
Q3 25
1.47×
Q2 25
0.33×
7.50×
Q1 25
2.16×
Q4 24
6.49×
1.26×
Q3 24
1.70×
Q2 24
1.21×
Q1 24
1.42×
-0.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMBH
FMBH

Segment breakdown not available.

KW
KW

Consolidated Portfolio Segment$84.9M70%
Investment Management Fees$30.4M25%
Real Estate$5.1M4%

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