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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and OPAL Fuels Inc. (OPAL). Click either name above to swap in a different company.
OPAL Fuels Inc. is the larger business by last-quarter revenue ($88.4M vs $88.2M, roughly 1.0× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 18.3%, a 8.5% gap on every dollar of revenue. On growth, OPAL Fuels Inc. posted the faster year-over-year revenue change (18.7% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $-13.4M). Over the past eight quarters, OPAL Fuels Inc.'s revenue compounded faster (17.6% 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.
OPAL Fuels Inc. is a North American energy company focused on producing and distributing low-carbon renewable natural gas (RNG). It captures methane from landfills, dairy operations and other organic waste streams to produce RNG, which is mainly supplied to heavy-duty transportation fleets, commercial logistics operators and public transport entities to help reduce their greenhouse gas emissions.
FMBH vs OPAL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $88.4M |
| Net Profit | $23.7M | $16.2M |
| Gross Margin | — | — |
| Operating Margin | 34.0% | 7.5% |
| Net Margin | 26.8% | 18.3% |
| Revenue YoY | 3.4% | 18.7% |
| Net Profit YoY | 23.5% | 401.5% |
| EPS (diluted) | $0.98 | $0.08 |
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 | $88.4M | ||
| Q3 25 | $89.3M | $77.9M | ||
| Q2 25 | $87.5M | $77.4M | ||
| Q1 25 | $84.3M | $83.0M | ||
| Q4 24 | $85.3M | $74.5M | ||
| Q3 24 | $80.6M | $82.6M | ||
| Q2 24 | $79.2M | $69.8M | ||
| Q1 24 | $79.9M | $64.0M |
| Q4 25 | $23.7M | $16.2M | ||
| Q3 25 | $22.5M | $11.4M | ||
| Q2 25 | $23.4M | $7.6M | ||
| Q1 25 | $22.2M | $1.3M | ||
| Q4 24 | $19.2M | $-5.4M | ||
| Q3 24 | $19.5M | $17.1M | ||
| Q2 24 | $19.7M | $1.9M | ||
| Q1 24 | $20.5M | $677.0K |
| Q4 25 | 34.0% | 7.5% | ||
| Q3 25 | 32.2% | 4.6% | ||
| Q2 25 | 34.4% | -1.1% | ||
| Q1 25 | 33.4% | -2.3% | ||
| Q4 24 | 29.7% | -0.5% | ||
| Q3 24 | 31.5% | 14.9% | ||
| Q2 24 | 33.7% | 8.1% | ||
| Q1 24 | 33.7% | 5.6% |
| Q4 25 | 26.8% | 18.3% | ||
| Q3 25 | 25.2% | 14.6% | ||
| Q2 25 | 26.8% | 9.8% | ||
| Q1 25 | 26.3% | 1.5% | ||
| Q4 24 | 22.5% | -7.2% | ||
| Q3 24 | 24.2% | 20.7% | ||
| Q2 24 | 24.9% | 2.7% | ||
| Q1 24 | 25.6% | 1.1% |
| Q4 25 | $0.98 | $0.08 | ||
| Q3 25 | $0.94 | $0.05 | ||
| Q2 25 | $0.98 | $0.03 | ||
| Q1 25 | $0.93 | $-0.01 | ||
| Q4 24 | $0.81 | $-0.05 | ||
| Q3 24 | $0.81 | $0.09 | ||
| Q2 24 | $0.82 | $-0.01 | ||
| Q1 24 | $0.86 | $-0.01 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.4M |
| Total DebtLower is stronger | $354.5M | $361.3M |
| Stockholders' EquityBook value | $958.7M | $-12.9M |
| Total Assets | $8.0B | $959.5M |
| Debt / EquityLower = less leverage | 0.37× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.4M | ||
| Q3 25 | — | $29.9M | ||
| Q2 25 | — | $29.3M | ||
| Q1 25 | — | $40.1M | ||
| Q4 24 | — | $24.3M | ||
| Q3 24 | — | $31.0M | ||
| Q2 24 | — | $27.6M | ||
| Q1 24 | — | $34.2M |
| Q4 25 | $354.5M | $361.3M | ||
| Q3 25 | — | $351.2M | ||
| Q2 25 | — | $331.6M | ||
| Q1 25 | — | $307.0M | ||
| Q4 24 | — | $307.5M | ||
| Q3 24 | — | $252.9M | ||
| Q2 24 | — | $233.3M | ||
| Q1 24 | — | $208.7M |
| Q4 25 | $958.7M | $-12.9M | ||
| Q3 25 | $932.2M | $7.5M | ||
| Q2 25 | $894.1M | $-25.0M | ||
| Q1 25 | $870.9M | $57.1M | ||
| Q4 24 | $846.4M | $-148.4M | ||
| Q3 24 | $858.5M | $-180.1M | ||
| Q2 24 | $813.6M | $-273.0M | ||
| Q1 24 | $798.0M | $-382.4M |
| Q4 25 | $8.0B | $959.5M | ||
| Q3 25 | $7.8B | $916.7M | ||
| Q2 25 | $7.7B | $905.5M | ||
| Q1 25 | $7.6B | $884.9M | ||
| Q4 24 | $7.5B | $881.1M | ||
| Q3 24 | $7.6B | $831.1M | ||
| Q2 24 | $7.6B | $782.3M | ||
| Q1 24 | $7.7B | $750.5M |
| Q4 25 | 0.37× | — | ||
| Q3 25 | — | 46.95× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 5.38× | ||
| 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 | $-3.5M |
| Free Cash FlowOCF − Capex | $124.0M | $-13.4M |
| FCF MarginFCF / Revenue | 140.6% | -15.1% |
| Capex IntensityCapex / Revenue | 7.8% | 11.1% |
| Cash ConversionOCF / Net Profit | 5.53× | -0.22× |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $-34.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $-3.5M | ||
| Q3 25 | $33.0M | $18.2M | ||
| Q2 25 | $7.7M | $-7.9M | ||
| Q1 25 | $47.9M | $29.7M | ||
| Q4 24 | $124.4M | $-532.0K | ||
| Q3 24 | $33.1M | $17.7M | ||
| Q2 24 | $24.0M | $533.0K | ||
| Q1 24 | $29.0M | $13.7M |
| Q4 25 | $124.0M | $-13.4M | ||
| Q3 25 | $31.9M | $-9.3M | ||
| Q2 25 | $6.0M | $-29.7M | ||
| Q1 25 | $46.0M | $18.1M | ||
| Q4 24 | $119.5M | $-55.0M | ||
| Q3 24 | $32.0M | $-5.4M | ||
| Q2 24 | $22.9M | $-22.5M | ||
| Q1 24 | $27.6M | $-13.0M |
| Q4 25 | 140.6% | -15.1% | ||
| Q3 25 | 35.8% | -11.9% | ||
| Q2 25 | 6.8% | -38.4% | ||
| Q1 25 | 54.5% | 21.8% | ||
| Q4 24 | 140.0% | -73.8% | ||
| Q3 24 | 39.7% | -6.5% | ||
| Q2 24 | 28.9% | -32.2% | ||
| Q1 24 | 34.5% | -20.4% |
| Q4 25 | 7.8% | 11.1% | ||
| Q3 25 | 1.2% | 35.3% | ||
| Q2 25 | 2.0% | 28.2% | ||
| Q1 25 | 2.3% | 13.9% | ||
| Q4 24 | 5.8% | 73.1% | ||
| Q3 24 | 1.4% | 27.9% | ||
| Q2 24 | 1.4% | 32.9% | ||
| Q1 24 | 1.9% | 41.8% |
| Q4 25 | 5.53× | -0.22× | ||
| Q3 25 | 1.47× | 1.60× | ||
| Q2 25 | 0.33× | -1.04× | ||
| Q1 25 | 2.16× | 23.11× | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | 1.70× | 1.03× | ||
| Q2 24 | 1.21× | 0.28× | ||
| Q1 24 | 1.42× | 20.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
OPAL
| Fuel Station Services Segment | $65.1M | 74% |
| Related Party | $12.1M | 14% |
| Renewable Power Segment | $8.6M | 10% |
| Other | $2.6M | 3% |
