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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and RHYTHM PHARMACEUTICALS, INC. (RYTM). 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 $57.3M, roughly 1.5× RHYTHM PHARMACEUTICALS, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -83.0%, a 109.8% gap on every dollar of revenue. On growth, RHYTHM PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (36.9% vs 3.4%). Over the past eight quarters, RHYTHM PHARMACEUTICALS, INC.'s revenue compounded faster (48.5% 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.

Rhythm Pharmaceuticals is a biopharmaceutical firm focused on developing and commercializing targeted therapies for rare genetic disorders causing severe unmanageable obesity, including POMC deficiency, LEPR deficiency, and Bardet-Biedl syndrome. It serves patients in North America and Europe who lack effective standard treatments for their chronic life-altering conditions.

FMBH vs RYTM — Head-to-Head

Bigger by revenue
FMBH
FMBH
1.5× larger
FMBH
$88.2M
$57.3M
RYTM
Growing faster (revenue YoY)
RYTM
RYTM
+33.5% gap
RYTM
36.9%
3.4%
FMBH
Higher net margin
FMBH
FMBH
109.8% more per $
FMBH
26.8%
-83.0%
RYTM
Faster 2-yr revenue CAGR
RYTM
RYTM
Annualised
RYTM
48.5%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
FMBH
FMBH
RYTM
RYTM
Revenue
$88.2M
$57.3M
Net Profit
$23.7M
$-47.5M
Gross Margin
91.6%
Operating Margin
34.0%
-82.2%
Net Margin
26.8%
-83.0%
Revenue YoY
3.4%
36.9%
Net Profit YoY
23.5%
-9.6%
EPS (diluted)
$0.98
$-0.73

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
RYTM
RYTM
Q4 25
$88.2M
$57.3M
Q3 25
$89.3M
$51.3M
Q2 25
$87.5M
$48.5M
Q1 25
$84.3M
$32.7M
Q4 24
$85.3M
$41.8M
Q3 24
$80.6M
$33.3M
Q2 24
$79.2M
$29.1M
Q1 24
$79.9M
$26.0M
Net Profit
FMBH
FMBH
RYTM
RYTM
Q4 25
$23.7M
$-47.5M
Q3 25
$22.5M
$-52.9M
Q2 25
$23.4M
$-46.6M
Q1 25
$22.2M
$-49.5M
Q4 24
$19.2M
$-43.3M
Q3 24
$19.5M
$-43.6M
Q2 24
$19.7M
$-32.3M
Q1 24
$20.5M
$-141.4M
Gross Margin
FMBH
FMBH
RYTM
RYTM
Q4 25
91.6%
Q3 25
89.3%
Q2 25
88.6%
Q1 25
88.8%
Q4 24
90.9%
Q3 24
88.5%
Q2 24
89.9%
Q1 24
89.2%
Operating Margin
FMBH
FMBH
RYTM
RYTM
Q4 25
34.0%
-82.2%
Q3 25
32.2%
-102.6%
Q2 25
34.4%
-93.4%
Q1 25
33.4%
-143.7%
Q4 24
29.7%
-98.6%
Q3 24
31.5%
-132.0%
Q2 24
33.7%
-139.2%
Q1 24
33.7%
-538.7%
Net Margin
FMBH
FMBH
RYTM
RYTM
Q4 25
26.8%
-83.0%
Q3 25
25.2%
-103.1%
Q2 25
26.8%
-96.1%
Q1 25
26.3%
-151.4%
Q4 24
22.5%
-103.6%
Q3 24
24.2%
-131.2%
Q2 24
24.9%
-110.9%
Q1 24
25.6%
-544.4%
EPS (diluted)
FMBH
FMBH
RYTM
RYTM
Q4 25
$0.98
$-0.73
Q3 25
$0.94
$-0.82
Q2 25
$0.98
$-0.75
Q1 25
$0.93
$-0.81
Q4 24
$0.81
$-0.71
Q3 24
$0.81
$-0.73
Q2 24
$0.82
$-0.55
Q1 24
$0.86
$-2.35

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
RYTM
RYTM
Cash + ST InvestmentsLiquidity on hand
$388.9M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$139.1M
Total Assets
$8.0B
$480.2M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
RYTM
RYTM
Q4 25
$388.9M
Q3 25
$416.1M
Q2 25
$291.0M
Q1 25
$314.5M
Q4 24
$320.6M
Q3 24
$298.4M
Q2 24
$319.1M
Q1 24
$201.2M
Total Debt
FMBH
FMBH
RYTM
RYTM
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
FMBH
FMBH
RYTM
RYTM
Q4 25
$958.7M
$139.1M
Q3 25
$932.2M
$148.8M
Q2 25
$894.1M
$-11.9M
Q1 25
$870.9M
$18.9M
Q4 24
$846.4M
$21.7M
Q3 24
$858.5M
$11.2M
Q2 24
$813.6M
$39.3M
Q1 24
$798.0M
$61.6M
Total Assets
FMBH
FMBH
RYTM
RYTM
Q4 25
$8.0B
$480.2M
Q3 25
$7.8B
$506.9M
Q2 25
$7.7B
$372.7M
Q1 25
$7.6B
$386.7M
Q4 24
$7.5B
$392.3M
Q3 24
$7.6B
$363.6M
Q2 24
$7.6B
$381.8M
Q1 24
$7.7B
$258.7M
Debt / Equity
FMBH
FMBH
RYTM
RYTM
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
RYTM
RYTM
Operating Cash FlowLast quarter
$130.9M
$-25.4M
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
RYTM
RYTM
Q4 25
$130.9M
$-25.4M
Q3 25
$33.0M
$-26.6M
Q2 25
$7.7M
$-23.3M
Q1 25
$47.9M
$-40.4M
Q4 24
$124.4M
$-18.8M
Q3 24
$33.1M
$-25.2M
Q2 24
$24.0M
$-29.1M
Q1 24
$29.0M
$-40.7M
Free Cash Flow
FMBH
FMBH
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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
RYTM
RYTM
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×
Q1 24
1.42×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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