vs

Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and RE/MAX Holdings, Inc. (RMAX). 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 $71.1M, roughly 1.2× RE/MAX Holdings, Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 2.0%, a 24.8% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -1.8%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $33.5M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -4.7%).

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.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

FMBH vs RMAX — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.2× larger
FMBH
$88.2M
$71.1M
RMAX
Growing faster (revenue YoY)
FMBH
FMBH
+5.2% gap
FMBH
3.4%
-1.8%
RMAX
Higher net margin
FMBH
FMBH
24.8% more per $
FMBH
26.8%
2.0%
RMAX
More free cash flow
FMBH
FMBH
$90.5M more FCF
FMBH
$124.0M
$33.5M
RMAX
Faster 2-yr revenue CAGR
FMBH
FMBH
Annualised
FMBH
5.0%
-4.7%
RMAX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
RMAX
RMAX
Revenue
$88.2M
$71.1M
Net Profit
$23.7M
$1.4M
Gross Margin
Operating Margin
34.0%
13.1%
Net Margin
26.8%
2.0%
Revenue YoY
3.4%
-1.8%
Net Profit YoY
23.5%
-75.2%
EPS (diluted)
$0.98

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
RMAX
RMAX
Q4 25
$88.2M
$71.1M
Q3 25
$89.3M
$73.2M
Q2 25
$87.5M
$72.8M
Q1 25
$84.3M
$74.5M
Q4 24
$85.3M
$72.5M
Q3 24
$80.6M
$78.5M
Q2 24
$79.2M
$78.5M
Q1 24
$79.9M
$78.3M
Net Profit
FMBH
FMBH
RMAX
RMAX
Q4 25
$23.7M
$1.4M
Q3 25
$22.5M
$4.0M
Q2 25
$23.4M
$4.7M
Q1 25
$22.2M
$-2.0M
Q4 24
$19.2M
$5.8M
Q3 24
$19.5M
$966.0K
Q2 24
$19.7M
$3.7M
Q1 24
$20.5M
$-3.4M
Operating Margin
FMBH
FMBH
RMAX
RMAX
Q4 25
34.0%
13.1%
Q3 25
32.2%
25.0%
Q2 25
34.4%
19.3%
Q1 25
33.4%
7.2%
Q4 24
29.7%
5.9%
Q3 24
31.5%
19.4%
Q2 24
33.7%
20.6%
Q1 24
33.7%
5.8%
Net Margin
FMBH
FMBH
RMAX
RMAX
Q4 25
26.8%
2.0%
Q3 25
25.2%
5.4%
Q2 25
26.8%
6.4%
Q1 25
26.3%
-2.6%
Q4 24
22.5%
8.0%
Q3 24
24.2%
1.2%
Q2 24
24.9%
4.7%
Q1 24
25.6%
-4.3%
EPS (diluted)
FMBH
FMBH
RMAX
RMAX
Q4 25
$0.98
Q3 25
$0.94
Q2 25
$0.98
Q1 25
$0.93
Q4 24
$0.81
Q3 24
$0.81
Q2 24
$0.82
Q1 24
$0.86

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$118.7M
Total DebtLower is stronger
$354.5M
$432.2M
Stockholders' EquityBook value
$958.7M
$452.4M
Total Assets
$8.0B
$582.5M
Debt / EquityLower = less leverage
0.37×
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
RMAX
RMAX
Q4 25
$118.7M
Q3 25
$107.5M
Q2 25
$94.3M
Q1 25
$89.1M
Q4 24
$96.6M
Q3 24
$83.8M
Q2 24
$66.1M
Q1 24
$82.1M
Total Debt
FMBH
FMBH
RMAX
RMAX
Q4 25
$354.5M
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
FMBH
FMBH
RMAX
RMAX
Q4 25
$958.7M
$452.4M
Q3 25
$932.2M
$448.1M
Q2 25
$894.1M
$442.4M
Q1 25
$870.9M
$433.5M
Q4 24
$846.4M
$429.5M
Q3 24
$858.5M
$423.1M
Q2 24
$813.6M
$418.4M
Q1 24
$798.0M
$412.0M
Total Assets
FMBH
FMBH
RMAX
RMAX
Q4 25
$8.0B
$582.5M
Q3 25
$7.8B
$582.2M
Q2 25
$7.7B
$574.8M
Q1 25
$7.6B
$571.4M
Q4 24
$7.5B
$581.6M
Q3 24
$7.6B
$578.6M
Q2 24
$7.6B
$571.4M
Q1 24
$7.7B
$566.7M
Debt / Equity
FMBH
FMBH
RMAX
RMAX
Q4 25
0.37×
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$130.9M
$40.9M
Free Cash FlowOCF − Capex
$124.0M
$33.5M
FCF MarginFCF / Revenue
140.6%
47.1%
Capex IntensityCapex / Revenue
7.8%
10.4%
Cash ConversionOCF / Net Profit
5.53×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$207.9M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FMBH
FMBH
RMAX
RMAX
Q4 25
$130.9M
$40.9M
Q3 25
$33.0M
$17.7M
Q2 25
$7.7M
$4.6M
Q1 25
$47.9M
$5.7M
Q4 24
$124.4M
$59.7M
Q3 24
$33.1M
$17.6M
Q2 24
$24.0M
$15.9M
Q1 24
$29.0M
$9.4M
Free Cash Flow
FMBH
FMBH
RMAX
RMAX
Q4 25
$124.0M
$33.5M
Q3 25
$31.9M
$16.4M
Q2 25
$6.0M
$2.9M
Q1 25
$46.0M
$4.0M
Q4 24
$119.5M
$53.0M
Q3 24
$32.0M
$16.3M
Q2 24
$22.9M
$14.0M
Q1 24
$27.6M
$6.8M
FCF Margin
FMBH
FMBH
RMAX
RMAX
Q4 25
140.6%
47.1%
Q3 25
35.8%
22.4%
Q2 25
6.8%
4.0%
Q1 25
54.5%
5.3%
Q4 24
140.0%
73.2%
Q3 24
39.7%
20.8%
Q2 24
28.9%
17.8%
Q1 24
34.5%
8.6%
Capex Intensity
FMBH
FMBH
RMAX
RMAX
Q4 25
7.8%
10.4%
Q3 25
1.2%
1.8%
Q2 25
2.0%
2.2%
Q1 25
2.3%
2.3%
Q4 24
5.8%
9.1%
Q3 24
1.4%
1.7%
Q2 24
1.4%
2.4%
Q1 24
1.9%
3.3%
Cash Conversion
FMBH
FMBH
RMAX
RMAX
Q4 25
5.53×
28.39×
Q3 25
1.47×
4.45×
Q2 25
0.33×
0.97×
Q1 25
2.16×
Q4 24
6.49×
10.28×
Q3 24
1.70×
18.22×
Q2 24
1.21×
4.29×
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.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

Related Comparisons