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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and MAXLINEAR, INC (MXL). Click either name above to swap in a different company.

MAXLINEAR, INC is the larger business by last-quarter revenue ($136.4M vs $88.2M, roughly 1.5× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -10.9%, a 37.8% gap on every dollar of revenue. On growth, MAXLINEAR, INC posted the faster year-over-year revenue change (48.0% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $6.7M). Over the past eight quarters, MAXLINEAR, INC's revenue compounded faster (19.7% 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.

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

FMBH vs MXL — Head-to-Head

Bigger by revenue
MXL
MXL
1.5× larger
MXL
$136.4M
$88.2M
FMBH
Growing faster (revenue YoY)
MXL
MXL
+44.6% gap
MXL
48.0%
3.4%
FMBH
Higher net margin
FMBH
FMBH
37.8% more per $
FMBH
26.8%
-10.9%
MXL
More free cash flow
FMBH
FMBH
$117.3M more FCF
FMBH
$124.0M
$6.7M
MXL
Faster 2-yr revenue CAGR
MXL
MXL
Annualised
MXL
19.7%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
MXL
MXL
Revenue
$88.2M
$136.4M
Net Profit
$23.7M
$-14.9M
Gross Margin
57.6%
Operating Margin
34.0%
-10.9%
Net Margin
26.8%
-10.9%
Revenue YoY
3.4%
48.0%
Net Profit YoY
23.5%
74.2%
EPS (diluted)
$0.98
$-0.17

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
MXL
MXL
Q4 25
$88.2M
$136.4M
Q3 25
$89.3M
$126.5M
Q2 25
$87.5M
$108.8M
Q1 25
$84.3M
$95.9M
Q4 24
$85.3M
$92.2M
Q3 24
$80.6M
$81.1M
Q2 24
$79.2M
$92.0M
Q1 24
$79.9M
$95.3M
Net Profit
FMBH
FMBH
MXL
MXL
Q4 25
$23.7M
$-14.9M
Q3 25
$22.5M
$-45.5M
Q2 25
$23.4M
$-26.6M
Q1 25
$22.2M
$-49.7M
Q4 24
$19.2M
$-57.8M
Q3 24
$19.5M
$-75.8M
Q2 24
$19.7M
$-39.3M
Q1 24
$20.5M
$-72.3M
Gross Margin
FMBH
FMBH
MXL
MXL
Q4 25
57.6%
Q3 25
56.9%
Q2 25
56.5%
Q1 25
56.1%
Q4 24
55.6%
Q3 24
54.4%
Q2 24
54.6%
Q1 24
51.7%
Operating Margin
FMBH
FMBH
MXL
MXL
Q4 25
34.0%
-10.9%
Q3 25
32.2%
-32.7%
Q2 25
34.4%
-22.6%
Q1 25
33.4%
-48.0%
Q4 24
29.7%
-44.7%
Q3 24
31.5%
-82.3%
Q2 24
33.7%
-44.4%
Q1 24
33.7%
-78.3%
Net Margin
FMBH
FMBH
MXL
MXL
Q4 25
26.8%
-10.9%
Q3 25
25.2%
-36.0%
Q2 25
26.8%
-24.4%
Q1 25
26.3%
-51.8%
Q4 24
22.5%
-62.8%
Q3 24
24.2%
-93.4%
Q2 24
24.9%
-42.7%
Q1 24
25.6%
-75.9%
EPS (diluted)
FMBH
FMBH
MXL
MXL
Q4 25
$0.98
$-0.17
Q3 25
$0.94
$-0.52
Q2 25
$0.98
$-0.31
Q1 25
$0.93
$-0.58
Q4 24
$0.81
$-0.68
Q3 24
$0.81
$-0.90
Q2 24
$0.82
$-0.47
Q1 24
$0.86
$-0.88

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
MXL
MXL
Cash + ST InvestmentsLiquidity on hand
$72.8M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$451.9M
Total Assets
$8.0B
$796.4M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
MXL
MXL
Q4 25
$72.8M
Q3 25
$111.9M
Q2 25
$108.6M
Q1 25
$102.8M
Q4 24
$118.6M
Q3 24
$148.5M
Q2 24
$185.1M
Q1 24
$191.9M
Total Debt
FMBH
FMBH
MXL
MXL
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
MXL
MXL
Q4 25
$958.7M
$451.9M
Q3 25
$932.2M
$464.7M
Q2 25
$894.1M
$488.3M
Q1 25
$870.9M
$493.2M
Q4 24
$846.4M
$516.3M
Q3 24
$858.5M
$556.9M
Q2 24
$813.6M
$617.3M
Q1 24
$798.0M
$638.0M
Total Assets
FMBH
FMBH
MXL
MXL
Q4 25
$8.0B
$796.4M
Q3 25
$7.8B
$808.1M
Q2 25
$7.7B
$863.7M
Q1 25
$7.6B
$855.3M
Q4 24
$7.5B
$864.6M
Q3 24
$7.6B
$895.3M
Q2 24
$7.6B
$973.2M
Q1 24
$7.7B
$1.0B
Debt / Equity
FMBH
FMBH
MXL
MXL
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
MXL
MXL
Operating Cash FlowLast quarter
$130.9M
$10.4M
Free Cash FlowOCF − Capex
$124.0M
$6.7M
FCF MarginFCF / Revenue
140.6%
4.9%
Capex IntensityCapex / Revenue
7.8%
2.7%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$7.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
MXL
MXL
Q4 25
$130.9M
$10.4M
Q3 25
$33.0M
$10.1M
Q2 25
$7.7M
$10.5M
Q1 25
$47.9M
$-11.4M
Q4 24
$124.4M
$-27.8M
Q3 24
$33.1M
$-30.7M
Q2 24
$24.0M
$-2.7M
Q1 24
$29.0M
$16.0M
Free Cash Flow
FMBH
FMBH
MXL
MXL
Q4 25
$124.0M
$6.7M
Q3 25
$31.9M
$4.4M
Q2 25
$6.0M
$9.3M
Q1 25
$46.0M
$-13.4M
Q4 24
$119.5M
$-30.0M
Q3 24
$32.0M
$-34.9M
Q2 24
$22.9M
$-5.7M
Q1 24
$27.6M
$7.6M
FCF Margin
FMBH
FMBH
MXL
MXL
Q4 25
140.6%
4.9%
Q3 25
35.8%
3.5%
Q2 25
6.8%
8.6%
Q1 25
54.5%
-14.0%
Q4 24
140.0%
-32.6%
Q3 24
39.7%
-43.0%
Q2 24
28.9%
-6.2%
Q1 24
34.5%
8.0%
Capex Intensity
FMBH
FMBH
MXL
MXL
Q4 25
7.8%
2.7%
Q3 25
1.2%
4.5%
Q2 25
2.0%
1.1%
Q1 25
2.3%
2.1%
Q4 24
5.8%
2.4%
Q3 24
1.4%
5.1%
Q2 24
1.4%
3.3%
Q1 24
1.9%
8.8%
Cash Conversion
FMBH
FMBH
MXL
MXL
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.

MXL
MXL

Sales Revenue Net$116.7M86%
Connectivity$18.0M13%

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