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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and Smart Sand, Inc. (SND). 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 $86.0M, roughly 1.0× Smart Sand, Inc.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 1.4%, a 25.5% gap on every dollar of revenue. On growth, FIRST MID BANCSHARES, INC. posted the faster year-over-year revenue change (3.4% vs -5.8%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $20.4M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 1.8%).
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.
Sand 9 is a fabless Micro-electromechanical system (MEMS) company based in Cambridge, Massachusetts. Sand 9 developed a piezoelectric MEMS resonator to serve as an alternative for quartz timing devices in applications such as smart phones, low-power wireless devices, and communications infrastructure equipment.
FMBH vs SND — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $86.0M |
| Net Profit | $23.7M | $1.2M |
| Gross Margin | — | 13.0% |
| Operating Margin | 34.0% | -3.1% |
| Net Margin | 26.8% | 1.4% |
| Revenue YoY | 3.4% | -5.8% |
| Net Profit YoY | 23.5% | -68.5% |
| EPS (diluted) | $0.98 | $0.03 |
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 | $86.0M | ||
| Q3 25 | $89.3M | $92.8M | ||
| Q2 25 | $87.5M | $85.8M | ||
| Q1 25 | $84.3M | $65.6M | ||
| Q4 24 | $85.3M | $91.4M | ||
| Q3 24 | $80.6M | $63.2M | ||
| Q2 24 | $79.2M | $73.8M | ||
| Q1 24 | $79.9M | $83.1M |
| Q4 25 | $23.7M | $1.2M | ||
| Q3 25 | $22.5M | $3.0M | ||
| Q2 25 | $23.4M | $21.4M | ||
| Q1 25 | $22.2M | $-24.2M | ||
| Q4 24 | $19.2M | $3.7M | ||
| Q3 24 | $19.5M | $-98.0K | ||
| Q2 24 | $19.7M | $-430.0K | ||
| Q1 24 | $20.5M | $-216.0K |
| Q4 25 | — | 13.0% | ||
| Q3 25 | — | 16.1% | ||
| Q2 25 | — | 10.4% | ||
| Q1 25 | — | 4.2% | ||
| Q4 24 | — | 14.7% | ||
| Q3 24 | — | 10.3% | ||
| Q2 24 | — | 17.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | 34.0% | -3.1% | ||
| Q3 25 | 32.2% | 5.8% | ||
| Q2 25 | 34.4% | -0.1% | ||
| Q1 25 | 33.4% | -10.8% | ||
| Q4 24 | 29.7% | 3.9% | ||
| Q3 24 | 31.5% | -7.8% | ||
| Q2 24 | 33.7% | 4.8% | ||
| Q1 24 | 33.7% | 0.9% |
| Q4 25 | 26.8% | 1.4% | ||
| Q3 25 | 25.2% | 3.2% | ||
| Q2 25 | 26.8% | 24.9% | ||
| Q1 25 | 26.3% | -37.0% | ||
| Q4 24 | 22.5% | 4.1% | ||
| Q3 24 | 24.2% | -0.2% | ||
| Q2 24 | 24.9% | -0.6% | ||
| Q1 24 | 25.6% | -0.3% |
| Q4 25 | $0.98 | $0.03 | ||
| Q3 25 | $0.94 | $0.08 | ||
| Q2 25 | $0.98 | $0.54 | ||
| Q1 25 | $0.93 | $-0.62 | ||
| Q4 24 | $0.81 | $0.10 | ||
| Q3 24 | $0.81 | $0.00 | ||
| 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 | — | $22.6M |
| Total DebtLower is stronger | $354.5M | $15.0M |
| Stockholders' EquityBook value | $958.7M | $239.7M |
| Total Assets | $8.0B | $340.0M |
| Debt / EquityLower = less leverage | 0.37× | 0.06× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $22.6M | ||
| Q3 25 | — | $5.1M | ||
| Q2 25 | — | $4.3M | ||
| Q1 25 | — | $5.1M | ||
| Q4 24 | — | $1.6M | ||
| Q3 24 | — | $7.2M | ||
| Q2 24 | — | $6.3M | ||
| Q1 24 | — | $4.6M |
| Q4 25 | $354.5M | $15.0M | ||
| Q3 25 | — | $14.3M | ||
| Q2 25 | — | $23.5M | ||
| Q1 25 | — | $13.7M | ||
| Q4 24 | — | $14.7M | ||
| Q3 24 | — | $15.7M | ||
| Q2 24 | — | $17.1M | ||
| Q1 24 | — | $25.5M |
| Q4 25 | $958.7M | $239.7M | ||
| Q3 25 | $932.2M | $239.9M | ||
| Q2 25 | $894.1M | $240.5M | ||
| Q1 25 | $870.9M | $219.9M | ||
| Q4 24 | $846.4M | $243.8M | ||
| Q3 24 | $858.5M | $243.6M | ||
| Q2 24 | $813.6M | $242.9M | ||
| Q1 24 | $798.0M | $242.5M |
| Q4 25 | $8.0B | $340.0M | ||
| Q3 25 | $7.8B | $343.1M | ||
| Q2 25 | $7.7B | $345.8M | ||
| Q1 25 | $7.6B | $326.9M | ||
| Q4 24 | $7.5B | $341.5M | ||
| Q3 24 | $7.6B | $335.8M | ||
| Q2 24 | $7.6B | $341.8M | ||
| Q1 24 | $7.7B | $349.3M |
| Q4 25 | 0.37× | 0.06× | ||
| Q3 25 | — | 0.06× | ||
| Q2 25 | — | 0.10× | ||
| Q1 25 | — | 0.06× | ||
| Q4 24 | — | 0.06× | ||
| Q3 24 | — | 0.06× | ||
| Q2 24 | — | 0.07× | ||
| Q1 24 | — | 0.11× |
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 | $22.4M |
| Free Cash FlowOCF − Capex | $124.0M | $20.4M |
| FCF MarginFCF / Revenue | 140.6% | 23.7% |
| Capex IntensityCapex / Revenue | 7.8% | 2.3% |
| Cash ConversionOCF / Net Profit | 5.53× | 18.99× |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $32.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $22.4M | ||
| Q3 25 | $33.0M | $18.2M | ||
| Q2 25 | $7.7M | $-5.1M | ||
| Q1 25 | $47.9M | $8.7M | ||
| Q4 24 | $124.4M | $1.0M | ||
| Q3 24 | $33.1M | $5.8M | ||
| Q2 24 | $24.0M | $14.9M | ||
| Q1 24 | $29.0M | $-3.9M |
| Q4 25 | $124.0M | $20.4M | ||
| Q3 25 | $31.9M | $14.8M | ||
| Q2 25 | $6.0M | $-7.8M | ||
| Q1 25 | $46.0M | $5.2M | ||
| Q4 24 | $119.5M | $-840.0K | ||
| Q3 24 | $32.0M | $3.7M | ||
| Q2 24 | $22.9M | $13.5M | ||
| Q1 24 | $27.6M | $-5.5M |
| Q4 25 | 140.6% | 23.7% | ||
| Q3 25 | 35.8% | 15.9% | ||
| Q2 25 | 6.8% | -9.1% | ||
| Q1 25 | 54.5% | 7.9% | ||
| Q4 24 | 140.0% | -0.9% | ||
| Q3 24 | 39.7% | 5.8% | ||
| Q2 24 | 28.9% | 18.3% | ||
| Q1 24 | 34.5% | -6.6% |
| Q4 25 | 7.8% | 2.3% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 2.0% | 3.1% | ||
| Q1 25 | 2.3% | 5.4% | ||
| Q4 24 | 5.8% | 2.1% | ||
| Q3 24 | 1.4% | 3.4% | ||
| Q2 24 | 1.4% | 1.8% | ||
| Q1 24 | 1.9% | 2.0% |
| Q4 25 | 5.53× | 18.99× | ||
| Q3 25 | 1.47× | 6.05× | ||
| Q2 25 | 0.33× | -0.24× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 6.49× | 0.28× | ||
| 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.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
SND
| Sand | $85.1M | 99% |
| Smart Systems Segment | $980.0K | 1% |
