vs

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

FIRST MID BANCSHARES, INC. is the larger business by last-quarter revenue ($88.2M vs $62.4M, roughly 1.4× PDF SOLUTIONS INC). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -0.1%, a 26.9% gap on every dollar of revenue. On growth, PDF SOLUTIONS INC posted the faster year-over-year revenue change (24.6% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $7.5M). Over the past eight quarters, PDF SOLUTIONS INC's revenue compounded faster (22.9% 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.

PDF Solutions, Inc. is an American multinational software and engineering services company based in Santa Clara, California. The company is listed in the Nasdaq stock exchange under the ticker symbol PDFS.

FMBH vs PDFS — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.4× larger
FMBH
$88.2M
$62.4M
PDFS
Growing faster (revenue YoY)
PDFS
PDFS
+21.2% gap
PDFS
24.6%
3.4%
FMBH
Higher net margin
FMBH
FMBH
26.9% more per $
FMBH
26.8%
-0.1%
PDFS
More free cash flow
FMBH
FMBH
$116.5M more FCF
FMBH
$124.0M
$7.5M
PDFS
Faster 2-yr revenue CAGR
PDFS
PDFS
Annualised
PDFS
22.9%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
PDFS
PDFS
Revenue
$88.2M
$62.4M
Net Profit
$23.7M
$-48.0K
Gross Margin
72.9%
Operating Margin
34.0%
5.5%
Net Margin
26.8%
-0.1%
Revenue YoY
3.4%
24.6%
Net Profit YoY
23.5%
-108.9%
EPS (diluted)
$0.98
$0.00

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
PDFS
PDFS
Q4 25
$88.2M
$62.4M
Q3 25
$89.3M
$57.1M
Q2 25
$87.5M
$51.7M
Q1 25
$84.3M
$47.8M
Q4 24
$85.3M
$50.1M
Q3 24
$80.6M
$46.4M
Q2 24
$79.2M
$41.7M
Q1 24
$79.9M
$41.3M
Net Profit
FMBH
FMBH
PDFS
PDFS
Q4 25
$23.7M
$-48.0K
Q3 25
$22.5M
$1.3M
Q2 25
$23.4M
$1.1M
Q1 25
$22.2M
$-3.0M
Q4 24
$19.2M
$539.0K
Q3 24
$19.5M
$2.2M
Q2 24
$19.7M
$1.7M
Q1 24
$20.5M
$-393.0K
Gross Margin
FMBH
FMBH
PDFS
PDFS
Q4 25
72.9%
Q3 25
72.3%
Q2 25
71.2%
Q1 25
72.9%
Q4 24
68.3%
Q3 24
73.1%
Q2 24
70.6%
Q1 24
67.3%
Operating Margin
FMBH
FMBH
PDFS
PDFS
Q4 25
34.0%
5.5%
Q3 25
32.2%
8.5%
Q2 25
34.4%
2.2%
Q1 25
33.4%
-7.4%
Q4 24
29.7%
1.0%
Q3 24
31.5%
4.6%
Q2 24
33.7%
0.6%
Q1 24
33.7%
-4.7%
Net Margin
FMBH
FMBH
PDFS
PDFS
Q4 25
26.8%
-0.1%
Q3 25
25.2%
2.3%
Q2 25
26.8%
2.2%
Q1 25
26.3%
-6.3%
Q4 24
22.5%
1.1%
Q3 24
24.2%
4.8%
Q2 24
24.9%
4.1%
Q1 24
25.6%
-1.0%
EPS (diluted)
FMBH
FMBH
PDFS
PDFS
Q4 25
$0.98
$0.00
Q3 25
$0.94
$0.03
Q2 25
$0.98
$0.03
Q1 25
$0.93
$-0.08
Q4 24
$0.81
$0.01
Q3 24
$0.81
$0.06
Q2 24
$0.82
$0.04
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
FMBH
FMBH
PDFS
PDFS
Cash + ST InvestmentsLiquidity on hand
$42.2M
Total DebtLower is stronger
$354.5M
$67.0M
Stockholders' EquityBook value
$958.7M
$271.0M
Total Assets
$8.0B
$418.7M
Debt / EquityLower = less leverage
0.37×
0.25×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
PDFS
PDFS
Q4 25
$42.2M
Q3 25
$35.9M
Q2 25
$40.4M
Q1 25
$54.1M
Q4 24
$114.9M
Q3 24
$120.2M
Q2 24
$117.9M
Q1 24
$122.9M
Total Debt
FMBH
FMBH
PDFS
PDFS
Q4 25
$354.5M
$67.0M
Q3 25
$67.6M
Q2 25
$68.1M
Q1 25
$68.7M
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
PDFS
PDFS
Q4 25
$958.7M
$271.0M
Q3 25
$932.2M
$264.4M
Q2 25
$894.1M
$257.5M
Q1 25
$870.9M
$249.0M
Q4 24
$846.4M
$246.0M
Q3 24
$858.5M
$240.5M
Q2 24
$813.6M
$232.2M
Q1 24
$798.0M
$225.4M
Total Assets
FMBH
FMBH
PDFS
PDFS
Q4 25
$8.0B
$418.7M
Q3 25
$7.8B
$406.4M
Q2 25
$7.7B
$391.1M
Q1 25
$7.6B
$390.0M
Q4 24
$7.5B
$315.3M
Q3 24
$7.6B
$307.4M
Q2 24
$7.6B
$298.0M
Q1 24
$7.7B
$286.8M
Debt / Equity
FMBH
FMBH
PDFS
PDFS
Q4 25
0.37×
0.25×
Q3 25
0.26×
Q2 25
0.26×
Q1 25
0.28×
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
PDFS
PDFS
Operating Cash FlowLast quarter
$130.9M
$17.3M
Free Cash FlowOCF − Capex
$124.0M
$7.5M
FCF MarginFCF / Revenue
140.6%
12.1%
Capex IntensityCapex / Revenue
7.8%
15.7%
Cash ConversionOCF / Net Profit
5.53×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$-8.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
PDFS
PDFS
Q4 25
$130.9M
$17.3M
Q3 25
$33.0M
$3.3M
Q2 25
$7.7M
$-5.2M
Q1 25
$47.9M
$8.6M
Q4 24
$124.4M
$1.6M
Q3 24
$33.1M
$9.3M
Q2 24
$24.0M
$684.0K
Q1 24
$29.0M
$-1.9M
Free Cash Flow
FMBH
FMBH
PDFS
PDFS
Q4 25
$124.0M
$7.5M
Q3 25
$31.9M
$-2.9M
Q2 25
$6.0M
$-13.8M
Q1 25
$46.0M
$535.0K
Q4 24
$119.5M
$-4.0M
Q3 24
$32.0M
$5.1M
Q2 24
$22.9M
$-4.6M
Q1 24
$27.6M
$-3.9M
FCF Margin
FMBH
FMBH
PDFS
PDFS
Q4 25
140.6%
12.1%
Q3 25
35.8%
-5.1%
Q2 25
6.8%
-26.6%
Q1 25
54.5%
1.1%
Q4 24
140.0%
-8.0%
Q3 24
39.7%
11.0%
Q2 24
28.9%
-11.1%
Q1 24
34.5%
-9.4%
Capex Intensity
FMBH
FMBH
PDFS
PDFS
Q4 25
7.8%
15.7%
Q3 25
1.2%
10.8%
Q2 25
2.0%
16.5%
Q1 25
2.3%
17.0%
Q4 24
5.8%
11.3%
Q3 24
1.4%
9.0%
Q2 24
1.4%
12.8%
Q1 24
1.9%
4.9%
Cash Conversion
FMBH
FMBH
PDFS
PDFS
Q4 25
5.53×
Q3 25
1.47×
2.54×
Q2 25
0.33×
-4.55×
Q1 25
2.16×
Q4 24
6.49×
2.98×
Q3 24
1.70×
4.20×
Q2 24
1.21×
0.40×
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.

PDFS
PDFS

Volumebased$38.0M61%
Other$24.4M39%

Related Comparisons