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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and Lifeway Foods, Inc. (LWAY). 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 $55.4M, roughly 1.6× Lifeway Foods, Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 4.6%, a 22.3% gap on every dollar of revenue. On growth, Lifeway Foods, Inc. posted the faster year-over-year revenue change (18.0% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-17.4M). Over the past eight quarters, Lifeway Foods, Inc.'s revenue compounded faster (11.4% 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.
Lifeway Foods is an Illinois-based health food company founded in 1986. They are a leading U.S. supplier of kefir and fermented probiotic products to support the microbiome.
FMBH vs LWAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $55.4M |
| Net Profit | $23.7M | $2.5M |
| Gross Margin | — | 27.8% |
| Operating Margin | 34.0% | 6.8% |
| Net Margin | 26.8% | 4.6% |
| Revenue YoY | 3.4% | 18.0% |
| Net Profit YoY | 23.5% | 1688.1% |
| EPS (diluted) | $0.98 | $0.15 |
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 | $55.4M | ||
| Q3 25 | $89.3M | $57.1M | ||
| Q2 25 | $87.5M | $53.9M | ||
| Q1 25 | $84.3M | $46.1M | ||
| Q4 24 | $85.3M | $46.9M | ||
| Q3 24 | $80.6M | $46.1M | ||
| Q2 24 | $79.2M | $49.2M | ||
| Q1 24 | $79.9M | $44.6M |
| Q4 25 | $23.7M | $2.5M | ||
| Q3 25 | $22.5M | $3.5M | ||
| Q2 25 | $23.4M | $4.2M | ||
| Q1 25 | $22.2M | $3.5M | ||
| Q4 24 | $19.2M | $-160.0K | ||
| Q3 24 | $19.5M | $3.0M | ||
| Q2 24 | $19.7M | $3.8M | ||
| Q1 24 | $20.5M | $2.4M |
| Q4 25 | — | 27.8% | ||
| Q3 25 | — | 28.7% | ||
| Q2 25 | — | 28.6% | ||
| Q1 25 | — | 23.9% | ||
| Q4 24 | — | 25.3% | ||
| Q3 24 | — | 25.7% | ||
| Q2 24 | — | 27.0% | ||
| Q1 24 | — | 25.8% |
| Q4 25 | 34.0% | 6.8% | ||
| Q3 25 | 32.2% | 8.8% | ||
| Q2 25 | 34.4% | 10.8% | ||
| Q1 25 | 33.4% | 3.4% | ||
| Q4 24 | 29.7% | 1.5% | ||
| Q3 24 | 31.5% | 9.1% | ||
| Q2 24 | 33.7% | 11.0% | ||
| Q1 24 | 33.7% | 8.0% |
| Q4 25 | 26.8% | 4.6% | ||
| Q3 25 | 25.2% | 6.2% | ||
| Q2 25 | 26.8% | 7.9% | ||
| Q1 25 | 26.3% | 7.7% | ||
| Q4 24 | 22.5% | -0.3% | ||
| Q3 24 | 24.2% | 6.5% | ||
| Q2 24 | 24.9% | 7.7% | ||
| Q1 24 | 25.6% | 5.4% |
| Q4 25 | $0.98 | $0.15 | ||
| Q3 25 | $0.94 | $0.23 | ||
| Q2 25 | $0.98 | $0.28 | ||
| Q1 25 | $0.93 | $0.23 | ||
| Q4 24 | $0.81 | $0.00 | ||
| Q3 24 | $0.81 | $0.19 | ||
| Q2 24 | $0.82 | $0.25 | ||
| Q1 24 | $0.86 | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $5.6M |
| Total DebtLower is stronger | $354.5M | — |
| Stockholders' EquityBook value | $958.7M | $85.8M |
| Total Assets | $8.0B | $105.6M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $5.6M | ||
| Q3 25 | — | $23.0M | ||
| Q2 25 | — | $21.2M | ||
| Q1 25 | — | $19.4M | ||
| Q4 24 | — | $16.7M | ||
| Q3 24 | — | $20.6M | ||
| Q2 24 | — | $14.6M | ||
| Q1 24 | — | $12.0M |
| Q4 25 | $354.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $2.5M |
| Q4 25 | $958.7M | $85.8M | ||
| Q3 25 | $932.2M | $82.8M | ||
| Q2 25 | $894.1M | $78.7M | ||
| Q1 25 | $870.9M | $74.2M | ||
| Q4 24 | $846.4M | $71.9M | ||
| Q3 24 | $858.5M | $71.5M | ||
| Q2 24 | $813.6M | $68.0M | ||
| Q1 24 | $798.0M | $63.5M |
| Q4 25 | $8.0B | $105.6M | ||
| Q3 25 | $7.8B | $109.5M | ||
| Q2 25 | $7.7B | $98.3M | ||
| Q1 25 | $7.6B | $93.7M | ||
| Q4 24 | $7.5B | $90.5M | ||
| Q3 24 | $7.6B | $91.3M | ||
| Q2 24 | $7.6B | $84.9M | ||
| Q1 24 | $7.7B | $82.8M |
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 0.04× |
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 | $267.0K |
| Free Cash FlowOCF − Capex | $124.0M | $-17.4M |
| FCF MarginFCF / Revenue | 140.6% | -31.5% |
| Capex IntensityCapex / Revenue | 7.8% | 31.9% |
| Cash ConversionOCF / Net Profit | 5.53× | 0.11× |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $-16.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $267.0K | ||
| Q3 25 | $33.0M | $6.9M | ||
| Q2 25 | $7.7M | $3.9M | ||
| Q1 25 | $47.9M | $-150.0K | ||
| Q4 24 | $124.4M | $-2.6M | ||
| Q3 24 | $33.1M | $7.5M | ||
| Q2 24 | $24.0M | $6.5M | ||
| Q1 24 | $29.0M | $1.5M |
| Q4 25 | $124.0M | $-17.4M | ||
| Q3 25 | $31.9M | $1.8M | ||
| Q2 25 | $6.0M | $1.6M | ||
| Q1 25 | $46.0M | $-2.4M | ||
| Q4 24 | $119.5M | $-3.8M | ||
| Q3 24 | $32.0M | $5.9M | ||
| Q2 24 | $22.9M | $5.1M | ||
| Q1 24 | $27.6M | $-923.0K |
| Q4 25 | 140.6% | -31.5% | ||
| Q3 25 | 35.8% | 3.1% | ||
| Q2 25 | 6.8% | 3.0% | ||
| Q1 25 | 54.5% | -5.1% | ||
| Q4 24 | 140.0% | -8.2% | ||
| Q3 24 | 39.7% | 12.8% | ||
| Q2 24 | 28.9% | 10.4% | ||
| Q1 24 | 34.5% | -2.1% |
| Q4 25 | 7.8% | 31.9% | ||
| Q3 25 | 1.2% | 9.0% | ||
| Q2 25 | 2.0% | 4.3% | ||
| Q1 25 | 2.3% | 4.8% | ||
| Q4 24 | 5.8% | 2.7% | ||
| Q3 24 | 1.4% | 3.3% | ||
| Q2 24 | 1.4% | 2.9% | ||
| Q1 24 | 1.9% | 5.5% |
| Q4 25 | 5.53× | 0.11× | ||
| Q3 25 | 1.47× | 1.96× | ||
| Q2 25 | 0.33× | 0.92× | ||
| Q1 25 | 2.16× | -0.04× | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | 1.70× | 2.50× | ||
| Q2 24 | 1.21× | 1.73× | ||
| Q1 24 | 1.42× | 0.64× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
LWAY
| Drinkable Kefirotherthan Pro Bugs | $47.8M | 86% |
| Cheese | $4.7M | 8% |
| Cream And Other | $1.7M | 3% |
| Other | $1.2M | 2% |
