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

Ranpak Holdings Corp. is the larger business by last-quarter revenue ($93.7M vs $88.2M, roughly 1.1× FIRST MID BANCSHARES, INC.). On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs 2.3%). Over the past eight quarters, Ranpak Holdings Corp.'s revenue compounded faster (13.7% 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.

Ranpak Holdings Corp. manufactures machines and paper products used in protective paper-based packing for shipping goods and merchandise for e-commerce and industry, along with automation solutions. The company is based in Concord, Ohio, and has production facilities and offices in Reno, Nevada; Kansas City, Missouri; the Netherlands; Czech Republic; Shanghai and Singapore. The paper packaging material can be used for multiple applications like wrapping, cushioning, void fill and cold chain p...

FMBH vs PACK — Head-to-Head

Bigger by revenue
PACK
PACK
1.1× larger
PACK
$93.7M
$88.2M
FMBH
Growing faster (revenue YoY)
FMBH
FMBH
+1.1% gap
FMBH
3.4%
2.3%
PACK
Faster 2-yr revenue CAGR
PACK
PACK
Annualised
PACK
13.7%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
PACK
PACK
Revenue
$88.2M
$93.7M
Net Profit
$23.7M
Gross Margin
39.0%
Operating Margin
34.0%
-1.0%
Net Margin
26.8%
Revenue YoY
3.4%
2.3%
Net Profit YoY
23.5%
EPS (diluted)
$0.98
$-0.11

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
PACK
PACK
Q4 25
$88.2M
$93.7M
Q3 25
$89.3M
$83.6M
Q2 25
$87.5M
$77.8M
Q1 25
$84.3M
$77.6M
Q4 24
$85.3M
$91.6M
Q3 24
$80.6M
$78.6M
Q2 24
$79.2M
$72.8M
Q1 24
$79.9M
$72.5M
Net Profit
FMBH
FMBH
PACK
PACK
Q4 25
$23.7M
Q3 25
$22.5M
$-10.4M
Q2 25
$23.4M
$-7.5M
Q1 25
$22.2M
$-10.9M
Q4 24
$19.2M
Q3 24
$19.5M
$-8.1M
Q2 24
$19.7M
$5.5M
Q1 24
$20.5M
$-8.1M
Gross Margin
FMBH
FMBH
PACK
PACK
Q4 25
39.0%
Q3 25
41.1%
Q2 25
37.1%
Q1 25
39.8%
Q4 24
45.2%
Q3 24
43.8%
Q2 24
43.5%
Q1 24
44.6%
Operating Margin
FMBH
FMBH
PACK
PACK
Q4 25
34.0%
-1.0%
Q3 25
32.2%
-6.8%
Q2 25
34.4%
-12.5%
Q1 25
33.4%
-10.3%
Q4 24
29.7%
1.5%
Q3 24
31.5%
-5.3%
Q2 24
33.7%
-7.1%
Q1 24
33.7%
-6.6%
Net Margin
FMBH
FMBH
PACK
PACK
Q4 25
26.8%
Q3 25
25.2%
-12.4%
Q2 25
26.8%
-9.6%
Q1 25
26.3%
-14.0%
Q4 24
22.5%
Q3 24
24.2%
-10.3%
Q2 24
24.9%
7.6%
Q1 24
25.6%
-11.2%
EPS (diluted)
FMBH
FMBH
PACK
PACK
Q4 25
$0.98
$-0.11
Q3 25
$0.94
$-0.12
Q2 25
$0.98
$-0.09
Q1 25
$0.93
$-0.13
Q4 24
$0.81
$-0.13
Q3 24
$0.81
$-0.10
Q2 24
$0.82
$0.07
Q1 24
$0.86
$-0.10

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
PACK
PACK
Cash + ST InvestmentsLiquidity on hand
$63.0M
Total DebtLower is stronger
$354.5M
$401.9M
Stockholders' EquityBook value
$958.7M
$534.9M
Total Assets
$8.0B
$1.1B
Debt / EquityLower = less leverage
0.37×
0.75×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
PACK
PACK
Q4 25
$63.0M
Q3 25
$49.9M
Q2 25
$49.2M
Q1 25
$65.5M
Q4 24
$76.1M
Q3 24
$69.5M
Q2 24
$65.1M
Q1 24
$55.1M
Total Debt
FMBH
FMBH
PACK
PACK
Q4 25
$354.5M
$401.9M
Q3 25
$403.1M
Q2 25
$403.1M
Q1 25
$405.2M
Q4 24
$406.4M
Q3 24
$403.2M
Q2 24
$396.1M
Q1 24
$396.7M
Stockholders' Equity
FMBH
FMBH
PACK
PACK
Q4 25
$958.7M
$534.9M
Q3 25
$932.2M
$537.8M
Q2 25
$894.1M
$539.0M
Q1 25
$870.9M
$544.1M
Q4 24
$846.4M
$548.1M
Q3 24
$858.5M
$564.3M
Q2 24
$813.6M
$566.2M
Q1 24
$798.0M
$560.0M
Total Assets
FMBH
FMBH
PACK
PACK
Q4 25
$8.0B
$1.1B
Q3 25
$7.8B
$1.1B
Q2 25
$7.7B
$1.1B
Q1 25
$7.6B
$1.1B
Q4 24
$7.5B
$1.1B
Q3 24
$7.6B
$1.1B
Q2 24
$7.6B
$1.1B
Q1 24
$7.7B
$1.1B
Debt / Equity
FMBH
FMBH
PACK
PACK
Q4 25
0.37×
0.75×
Q3 25
0.75×
Q2 25
0.75×
Q1 25
0.74×
Q4 24
0.74×
Q3 24
0.71×
Q2 24
0.70×
Q1 24
0.71×

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
PACK
PACK
Operating Cash FlowLast quarter
$130.9M
$19.5M
Free Cash FlowOCF − Capex
$124.0M
FCF MarginFCF / Revenue
140.6%
Capex IntensityCapex / Revenue
7.8%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
PACK
PACK
Q4 25
$130.9M
$19.5M
Q3 25
$33.0M
$8.5M
Q2 25
$7.7M
$-3.6M
Q1 25
$47.9M
$-1.3M
Q4 24
$124.4M
$6.5M
Q3 24
$33.1M
$10.1M
Q2 24
$24.0M
$19.6M
Q1 24
$29.0M
$5.2M
Free Cash Flow
FMBH
FMBH
PACK
PACK
Q4 25
$124.0M
Q3 25
$31.9M
Q2 25
$6.0M
Q1 25
$46.0M
Q4 24
$119.5M
Q3 24
$32.0M
Q2 24
$22.9M
Q1 24
$27.6M
FCF Margin
FMBH
FMBH
PACK
PACK
Q4 25
140.6%
Q3 25
35.8%
Q2 25
6.8%
Q1 25
54.5%
Q4 24
140.0%
Q3 24
39.7%
Q2 24
28.9%
Q1 24
34.5%
Capex Intensity
FMBH
FMBH
PACK
PACK
Q4 25
7.8%
Q3 25
1.2%
Q2 25
2.0%
Q1 25
2.3%
Q4 24
5.8%
Q3 24
1.4%
Q2 24
1.4%
Q1 24
1.9%
Cash Conversion
FMBH
FMBH
PACK
PACK
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×
3.56×
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.

PACK
PACK

Other$47.9M51%
Europe And Asia Segment$45.8M49%

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