vs
Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and NOODLES & Co (NDLS). Click either name above to swap in a different company.
NOODLES & Co is the larger business by last-quarter revenue ($122.1M vs $88.2M, roughly 1.4× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -7.5%, a 34.3% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -4.1%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-2.8M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -1.2%).
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.
Noodles & Company is an American fast-casual restaurant that offers international and American noodle dishes in addition to soups and salads. Noodles & Company was founded in 1995 by Aaron Kennedy and is headquartered in Broomfield, Colorado. The company went public in 2013 and recorded a $457 million revenue in 2017. In mid-2022, there were 458 Noodles & Company locations across 31 states.
FMBH vs NDLS — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $122.1M |
| Net Profit | $23.7M | $-9.2M |
| Gross Margin | — | — |
| Operating Margin | 34.0% | -5.2% |
| Net Margin | 26.8% | -7.5% |
| Revenue YoY | 3.4% | -4.1% |
| Net Profit YoY | 23.5% | 32.8% |
| EPS (diluted) | $0.98 | $-0.20 |
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 | — | ||
| Q3 25 | $89.3M | $122.1M | ||
| Q2 25 | $87.5M | $123.8M | ||
| Q1 25 | $84.3M | — | ||
| Q4 24 | $85.3M | $122.8M | ||
| Q3 24 | $80.6M | $127.4M | ||
| Q2 24 | $79.2M | $121.4M | ||
| Q1 24 | $79.9M | $124.3M |
| Q4 25 | $23.7M | — | ||
| Q3 25 | $22.5M | $-9.2M | ||
| Q2 25 | $23.4M | $-9.1M | ||
| Q1 25 | $22.2M | — | ||
| Q4 24 | $19.2M | $-6.8M | ||
| Q3 24 | $19.5M | $-13.6M | ||
| Q2 24 | $19.7M | $-6.1M | ||
| Q1 24 | $20.5M | $-6.1M |
| Q4 25 | 34.0% | — | ||
| Q3 25 | 32.2% | -5.2% | ||
| Q2 25 | 34.4% | -5.2% | ||
| Q1 25 | 33.4% | — | ||
| Q4 24 | 29.7% | -3.9% | ||
| Q3 24 | 31.5% | -9.0% | ||
| Q2 24 | 33.7% | -3.4% | ||
| Q1 24 | 33.7% | -3.7% |
| Q4 25 | 26.8% | — | ||
| Q3 25 | 25.2% | -7.5% | ||
| Q2 25 | 26.8% | -7.3% | ||
| Q1 25 | 26.3% | — | ||
| Q4 24 | 22.5% | -5.5% | ||
| Q3 24 | 24.2% | -10.7% | ||
| Q2 24 | 24.9% | -5.1% | ||
| Q1 24 | 25.6% | -4.9% |
| Q4 25 | $0.98 | — | ||
| Q3 25 | $0.94 | $-0.20 | ||
| Q2 25 | $0.98 | $-0.20 | ||
| Q1 25 | $0.93 | — | ||
| Q4 24 | $0.81 | $-0.15 | ||
| Q3 24 | $0.81 | $-0.30 | ||
| Q2 24 | $0.82 | $-0.14 | ||
| Q1 24 | $0.86 | $-1.64 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $4.7M |
| Total DebtLower is stronger | $354.5M | — |
| Stockholders' EquityBook value | $958.7M | $-38.9M |
| Total Assets | $8.0B | $280.6M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $4.7M | ||
| Q2 25 | — | $1.4M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $3.3M | ||
| Q3 24 | — | $1.8M | ||
| Q2 24 | — | $1.3M | ||
| Q1 24 | — | $3.0M |
| Q4 25 | $354.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $958.7M | — | ||
| Q3 25 | $932.2M | $-38.9M | ||
| Q2 25 | $894.1M | $-13.9M | ||
| Q1 25 | $870.9M | — | ||
| Q4 24 | $846.4M | $3.7M | ||
| Q3 24 | $858.5M | $9.6M | ||
| Q2 24 | $813.6M | $21.9M | ||
| Q1 24 | $798.0M | $27.2M |
| Q4 25 | $8.0B | — | ||
| Q3 25 | $7.8B | $280.6M | ||
| Q2 25 | $7.7B | $319.4M | ||
| Q1 25 | $7.6B | — | ||
| Q4 24 | $7.5B | $340.5M | ||
| Q3 24 | $7.6B | $346.3M | ||
| Q2 24 | $7.6B | $360.4M | ||
| Q1 24 | $7.7B | $368.1M |
| 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 | $4.3M |
| Free Cash FlowOCF − Capex | $124.0M | $-2.8M |
| FCF MarginFCF / Revenue | 140.6% | -2.3% |
| Capex IntensityCapex / Revenue | 7.8% | 5.8% |
| Cash ConversionOCF / Net Profit | 5.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $-7.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | — | ||
| Q3 25 | $33.0M | $4.3M | ||
| Q2 25 | $7.7M | $4.0M | ||
| Q1 25 | $47.9M | — | ||
| Q4 24 | $124.4M | $5.8M | ||
| Q3 24 | $33.1M | $4.7M | ||
| Q2 24 | $24.0M | $7.0M | ||
| Q1 24 | $29.0M | $164.0K |
| Q4 25 | $124.0M | — | ||
| Q3 25 | $31.9M | $-2.8M | ||
| Q2 25 | $6.0M | $1.1M | ||
| Q1 25 | $46.0M | — | ||
| Q4 24 | $119.5M | $-1.3M | ||
| Q3 24 | $32.0M | $-4.5M | ||
| Q2 24 | $22.9M | $-1.6M | ||
| Q1 24 | $27.6M | $-15.2M |
| Q4 25 | 140.6% | — | ||
| Q3 25 | 35.8% | -2.3% | ||
| Q2 25 | 6.8% | 0.9% | ||
| Q1 25 | 54.5% | — | ||
| Q4 24 | 140.0% | -1.1% | ||
| Q3 24 | 39.7% | -3.5% | ||
| Q2 24 | 28.9% | -1.4% | ||
| Q1 24 | 34.5% | -12.2% |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 1.2% | 5.8% | ||
| Q2 25 | 2.0% | 2.4% | ||
| Q1 25 | 2.3% | — | ||
| Q4 24 | 5.8% | 5.8% | ||
| Q3 24 | 1.4% | 7.2% | ||
| Q2 24 | 1.4% | 7.1% | ||
| Q1 24 | 1.9% | 12.3% |
| 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
Segment breakdown not available.
NDLS
| Food And Beverage | $119.6M | 98% |
| Franchise | $2.5M | 2% |
