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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and Mayville Engineering Company, Inc. (MEC). Click either name above to swap in a different company.
Mayville Engineering Company, Inc. is the larger business by last-quarter revenue ($134.3M vs $88.2M, roughly 1.5× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -3.2%, a 30.1% gap on every dollar of revenue. On growth, Mayville Engineering Company, Inc. posted the faster year-over-year revenue change (10.7% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $10.2M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -8.8%).
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.
Mayville Engineering Company, Inc. is a U.S.-headquartered leading manufacturer of metal components, fabricated assemblies, and custom engineered solutions. It serves OEM clients across agriculture, construction, transportation, defense, and power sports markets, offering end-to-end services from prototyping to high-volume production for North America.
FMBH vs MEC — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $134.3M |
| Net Profit | $23.7M | $-4.4M |
| Gross Margin | — | 6.8% |
| Operating Margin | 34.0% | -4.1% |
| Net Margin | 26.8% | -3.2% |
| Revenue YoY | 3.4% | 10.7% |
| Net Profit YoY | 23.5% | -127.3% |
| 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.
| Q4 25 | $88.2M | $134.3M | ||
| Q3 25 | $89.3M | $144.3M | ||
| Q2 25 | $87.5M | $132.3M | ||
| Q1 25 | $84.3M | $135.6M | ||
| Q4 24 | $85.3M | $121.3M | ||
| Q3 24 | $80.6M | $135.4M | ||
| Q2 24 | $79.2M | $163.6M | ||
| Q1 24 | $79.9M | $161.3M |
| Q4 25 | $23.7M | $-4.4M | ||
| Q3 25 | $22.5M | $-2.7M | ||
| Q2 25 | $23.4M | $-1.1M | ||
| Q1 25 | $22.2M | $20.0K | ||
| Q4 24 | $19.2M | $16.0M | ||
| Q3 24 | $19.5M | $3.0M | ||
| Q2 24 | $19.7M | $3.8M | ||
| Q1 24 | $20.5M | $3.2M |
| Q4 25 | — | 6.8% | ||
| Q3 25 | — | 11.0% | ||
| Q2 25 | — | 10.3% | ||
| Q1 25 | — | 11.3% | ||
| Q4 24 | — | 8.9% | ||
| Q3 24 | — | 12.6% | ||
| Q2 24 | — | 13.6% | ||
| Q1 24 | — | 13.0% |
| Q4 25 | 34.0% | -4.1% | ||
| Q3 25 | 32.2% | 0.0% | ||
| Q2 25 | 34.4% | 0.1% | ||
| Q1 25 | 33.4% | 1.2% | ||
| Q4 24 | 29.7% | 19.0% | ||
| Q3 24 | 31.5% | 4.2% | ||
| Q2 24 | 33.7% | 5.0% | ||
| Q1 24 | 33.7% | 4.7% |
| Q4 25 | 26.8% | -3.2% | ||
| Q3 25 | 25.2% | -1.9% | ||
| Q2 25 | 26.8% | -0.8% | ||
| Q1 25 | 26.3% | 0.0% | ||
| Q4 24 | 22.5% | 13.2% | ||
| Q3 24 | 24.2% | 2.2% | ||
| Q2 24 | 24.9% | 2.3% | ||
| Q1 24 | 25.6% | 2.0% |
| Q4 25 | $0.98 | $-0.22 | ||
| Q3 25 | $0.94 | $-0.13 | ||
| Q2 25 | $0.98 | $-0.05 | ||
| Q1 25 | $0.93 | $0.00 | ||
| Q4 24 | $0.81 | $0.76 | ||
| Q3 24 | $0.81 | $0.14 | ||
| Q2 24 | $0.82 | $0.18 | ||
| 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 | — | $1.5M |
| Total DebtLower is stronger | $354.5M | — |
| Stockholders' EquityBook value | $958.7M | $240.7M |
| Total Assets | $8.0B | $563.6M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.5M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $206.0K | ||
| Q1 25 | — | $183.0K | ||
| Q4 24 | — | $206.0K | ||
| Q3 24 | — | $178.0K | ||
| Q2 24 | — | $314.0K | ||
| Q1 24 | — | $314.0K |
| Q4 25 | $354.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $958.7M | $240.7M | ||
| Q3 25 | $932.2M | $244.8M | ||
| Q2 25 | $894.1M | $246.8M | ||
| Q1 25 | $870.9M | $250.0M | ||
| Q4 24 | $846.4M | $251.8M | ||
| Q3 24 | $858.5M | $238.4M | ||
| Q2 24 | $813.6M | $238.1M | ||
| Q1 24 | $798.0M | $234.0M |
| Q4 25 | $8.0B | $563.6M | ||
| Q3 25 | $7.8B | $585.6M | ||
| Q2 25 | $7.7B | $433.7M | ||
| Q1 25 | $7.6B | $447.7M | ||
| Q4 24 | $7.5B | $445.6M | ||
| Q3 24 | $7.6B | $466.0M | ||
| Q2 24 | $7.6B | $488.2M | ||
| Q1 24 | $7.7B | $499.9M |
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $130.9M | $13.4M |
| Free Cash FlowOCF − Capex | $124.0M | $10.2M |
| FCF MarginFCF / Revenue | 140.6% | 7.6% |
| Capex IntensityCapex / Revenue | 7.8% | 2.4% |
| Cash ConversionOCF / Net Profit | 5.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $26.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $13.4M | ||
| Q3 25 | $33.0M | $1.9M | ||
| Q2 25 | $7.7M | $15.0M | ||
| Q1 25 | $47.9M | $8.3M | ||
| Q4 24 | $124.4M | $38.0M | ||
| Q3 24 | $33.1M | $17.9M | ||
| Q2 24 | $24.0M | $23.3M | ||
| Q1 24 | $29.0M | $10.6M |
| Q4 25 | $124.0M | $10.2M | ||
| Q3 25 | $31.9M | $-1.1M | ||
| Q2 25 | $6.0M | $12.5M | ||
| Q1 25 | $46.0M | $5.4M | ||
| Q4 24 | $119.5M | $35.6M | ||
| Q3 24 | $32.0M | $15.1M | ||
| Q2 24 | $22.9M | $19.2M | ||
| Q1 24 | $27.6M | $7.8M |
| Q4 25 | 140.6% | 7.6% | ||
| Q3 25 | 35.8% | -0.8% | ||
| Q2 25 | 6.8% | 9.5% | ||
| Q1 25 | 54.5% | 4.0% | ||
| Q4 24 | 140.0% | 29.4% | ||
| Q3 24 | 39.7% | 11.1% | ||
| Q2 24 | 28.9% | 11.7% | ||
| Q1 24 | 34.5% | 4.9% |
| Q4 25 | 7.8% | 2.4% | ||
| Q3 25 | 1.2% | 2.1% | ||
| Q2 25 | 2.0% | 1.8% | ||
| Q1 25 | 2.3% | 2.2% | ||
| Q4 24 | 5.8% | 1.9% | ||
| Q3 24 | 1.4% | 2.1% | ||
| Q2 24 | 1.4% | 2.5% | ||
| Q1 24 | 1.9% | 1.7% |
| Q4 25 | 5.53× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 2.16× | 416.65× | ||
| Q4 24 | 6.49× | 2.38× | ||
| Q3 24 | 1.70× | 6.03× | ||
| Q2 24 | 1.21× | 6.15× | ||
| Q1 24 | 1.42× | 3.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
MEC
| Fabrication | $72.2M | 54% |
| Construction And Access | $19.2M | 14% |
| Tubes | $16.2M | 12% |
| Other Market | $11.9M | 9% |
| Agriculture | $7.7M | 6% |
| Military | $6.7M | 5% |
| Outdoor Sports | $1.7M | 1% |
