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

Nutex Health, Inc. is the larger business by last-quarter revenue ($151.7M vs $88.2M, roughly 1.7× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 7.8%, a 19.0% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -41.1%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $69.0M). Over the past eight quarters, Nutex Health, Inc.'s revenue compounded faster (50.0% 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.

Nutex Health Inc. is an American for-profit health care company and operator of healthcare facilities headquartered in Houston, Texas.

FMBH vs NUTX — Head-to-Head

Bigger by revenue
NUTX
NUTX
1.7× larger
NUTX
$151.7M
$88.2M
FMBH
Growing faster (revenue YoY)
FMBH
FMBH
+44.5% gap
FMBH
3.4%
-41.1%
NUTX
Higher net margin
FMBH
FMBH
19.0% more per $
FMBH
26.8%
7.8%
NUTX
More free cash flow
FMBH
FMBH
$55.0M more FCF
FMBH
$124.0M
$69.0M
NUTX
Faster 2-yr revenue CAGR
NUTX
NUTX
Annualised
NUTX
50.0%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
NUTX
NUTX
Revenue
$88.2M
$151.7M
Net Profit
$23.7M
$11.8M
Gross Margin
30.4%
Operating Margin
34.0%
20.4%
Net Margin
26.8%
7.8%
Revenue YoY
3.4%
-41.1%
Net Profit YoY
23.5%
-80.8%
EPS (diluted)
$0.98
$2.34

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
NUTX
NUTX
Q4 25
$88.2M
$151.7M
Q3 25
$89.3M
$267.8M
Q2 25
$87.5M
$244.0M
Q1 25
$84.3M
$211.8M
Q4 24
$85.3M
$257.6M
Q3 24
$80.6M
$78.8M
Q2 24
$79.2M
$76.1M
Q1 24
$79.9M
$67.5M
Net Profit
FMBH
FMBH
NUTX
NUTX
Q4 25
$23.7M
$11.8M
Q3 25
$22.5M
$55.4M
Q2 25
$23.4M
$-17.7M
Q1 25
$22.2M
$21.2M
Q4 24
$19.2M
$61.6M
Q3 24
$19.5M
$-8.8M
Q2 24
$19.7M
$-364.0K
Q1 24
$20.5M
$-364.0K
Gross Margin
FMBH
FMBH
NUTX
NUTX
Q4 25
30.4%
Q3 25
57.8%
Q2 25
51.2%
Q1 25
55.9%
Q4 24
55.0%
Q3 24
27.8%
Q2 24
29.7%
Q1 24
15.1%
Operating Margin
FMBH
FMBH
NUTX
NUTX
Q4 25
34.0%
20.4%
Q3 25
32.2%
48.7%
Q2 25
34.4%
13.8%
Q1 25
33.4%
38.1%
Q4 24
29.7%
44.4%
Q3 24
31.5%
12.3%
Q2 24
33.7%
7.0%
Q1 24
33.7%
2.1%
Net Margin
FMBH
FMBH
NUTX
NUTX
Q4 25
26.8%
7.8%
Q3 25
25.2%
20.7%
Q2 25
26.8%
-7.3%
Q1 25
26.3%
10.0%
Q4 24
22.5%
23.9%
Q3 24
24.2%
-11.2%
Q2 24
24.9%
-0.5%
Q1 24
25.6%
-0.5%
EPS (diluted)
FMBH
FMBH
NUTX
NUTX
Q4 25
$0.98
$2.34
Q3 25
$0.94
$7.76
Q2 25
$0.98
$-2.95
Q1 25
$0.93
$3.33
Q4 24
$0.81
$11.56
Q3 24
$0.81
$-1.72
Q2 24
$0.82
$-0.07
Q1 24
$0.86
$-0.08

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
NUTX
NUTX
Cash + ST InvestmentsLiquidity on hand
$185.6M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$329.4M
Total Assets
$8.0B
$918.5M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
NUTX
NUTX
Q4 25
$185.6M
Q3 25
$166.0M
Q2 25
$96.7M
Q1 25
$84.7M
Q4 24
$40.6M
Q3 24
$46.9M
Q2 24
$40.8M
Q1 24
$30.0M
Total Debt
FMBH
FMBH
NUTX
NUTX
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
NUTX
NUTX
Q4 25
$958.7M
$329.4M
Q3 25
$932.2M
$317.2M
Q2 25
$894.1M
$235.3M
Q1 25
$870.9M
$176.9M
Q4 24
$846.4M
$132.4M
Q3 24
$858.5M
$60.4M
Q2 24
$813.6M
$62.7M
Q1 24
$798.0M
$63.0M
Total Assets
FMBH
FMBH
NUTX
NUTX
Q4 25
$8.0B
$918.5M
Q3 25
$7.8B
$964.5M
Q2 25
$7.7B
$841.0M
Q1 25
$7.6B
$761.9M
Q4 24
$7.5B
$655.3M
Q3 24
$7.6B
$438.5M
Q2 24
$7.6B
$422.4M
Q1 24
$7.7B
$404.3M
Debt / Equity
FMBH
FMBH
NUTX
NUTX
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
NUTX
NUTX
Operating Cash FlowLast quarter
$130.9M
$70.4M
Free Cash FlowOCF − Capex
$124.0M
$69.0M
FCF MarginFCF / Revenue
140.6%
45.5%
Capex IntensityCapex / Revenue
7.8%
0.9%
Cash ConversionOCF / Net Profit
5.53×
5.95×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$245.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
NUTX
NUTX
Q4 25
$130.9M
$70.4M
Q3 25
$33.0M
$99.5M
Q2 25
$7.7M
$27.3M
Q1 25
$47.9M
$51.0M
Q4 24
$124.4M
$54.0K
Q3 24
$33.1M
$6.8M
Q2 24
$24.0M
$13.3M
Q1 24
$29.0M
$3.1M
Free Cash Flow
FMBH
FMBH
NUTX
NUTX
Q4 25
$124.0M
$69.0M
Q3 25
$31.9M
$99.2M
Q2 25
$6.0M
$26.5M
Q1 25
$46.0M
$50.9M
Q4 24
$119.5M
$-341.0K
Q3 24
$32.0M
$6.2M
Q2 24
$22.9M
$12.7M
Q1 24
$27.6M
$2.3M
FCF Margin
FMBH
FMBH
NUTX
NUTX
Q4 25
140.6%
45.5%
Q3 25
35.8%
37.0%
Q2 25
6.8%
10.9%
Q1 25
54.5%
24.0%
Q4 24
140.0%
-0.1%
Q3 24
39.7%
7.8%
Q2 24
28.9%
16.7%
Q1 24
34.5%
3.4%
Capex Intensity
FMBH
FMBH
NUTX
NUTX
Q4 25
7.8%
0.9%
Q3 25
1.2%
0.1%
Q2 25
2.0%
0.3%
Q1 25
2.3%
0.0%
Q4 24
5.8%
0.2%
Q3 24
1.4%
0.8%
Q2 24
1.4%
0.7%
Q1 24
1.9%
1.1%
Cash Conversion
FMBH
FMBH
NUTX
NUTX
Q4 25
5.53×
5.95×
Q3 25
1.47×
1.80×
Q2 25
0.33×
Q1 25
2.16×
2.40×
Q4 24
6.49×
0.00×
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.

NUTX
NUTX

Hospital Division$143.7M95%
Population Health Management Division$8.0M5%

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