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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
Latham Group, Inc. is the larger business by last-quarter revenue ($100.0M vs $88.2M, roughly 1.1× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -7.0%, a 33.9% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 3.4%). FIRST MID BANCSHARES, INC. produced more free cash flow last quarter ($124.0M vs $14.1M). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs -4.9%).
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.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
FMBH vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $100.0M |
| Net Profit | $23.7M | $-7.0M |
| Gross Margin | — | 28.0% |
| Operating Margin | 34.0% | -10.7% |
| Net Margin | 26.8% | -7.0% |
| Revenue YoY | 3.4% | 14.5% |
| Net Profit YoY | 23.5% | 76.0% |
| EPS (diluted) | $0.98 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $89.3M | $161.9M | ||
| Q2 25 | $87.5M | $172.6M | ||
| Q1 25 | $84.3M | $111.4M | ||
| Q4 24 | $85.3M | $87.3M | ||
| Q3 24 | $80.6M | $150.5M | ||
| Q2 24 | $79.2M | $160.1M | ||
| Q1 24 | $79.9M | $110.6M |
| Q4 25 | $23.7M | $-7.0M | ||
| Q3 25 | $22.5M | $8.1M | ||
| Q2 25 | $23.4M | $16.0M | ||
| Q1 25 | $22.2M | $-6.0M | ||
| Q4 24 | $19.2M | $-29.2M | ||
| Q3 24 | $19.5M | $5.9M | ||
| Q2 24 | $19.7M | $13.3M | ||
| Q1 24 | $20.5M | $-7.9M |
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
| Q4 25 | 34.0% | -10.7% | ||
| Q3 25 | 32.2% | 13.3% | ||
| Q2 25 | 34.4% | 14.3% | ||
| Q1 25 | 33.4% | -4.4% | ||
| Q4 24 | 29.7% | -14.9% | ||
| Q3 24 | 31.5% | 8.9% | ||
| Q2 24 | 33.7% | 12.5% | ||
| Q1 24 | 33.7% | -1.9% |
| Q4 25 | 26.8% | -7.0% | ||
| Q3 25 | 25.2% | 5.0% | ||
| Q2 25 | 26.8% | 9.3% | ||
| Q1 25 | 26.3% | -5.4% | ||
| Q4 24 | 22.5% | -33.4% | ||
| Q3 24 | 24.2% | 3.9% | ||
| Q2 24 | 24.9% | 8.3% | ||
| Q1 24 | 25.6% | -7.1% |
| Q4 25 | $0.98 | $-0.06 | ||
| Q3 25 | $0.94 | $0.07 | ||
| Q2 25 | $0.98 | $0.13 | ||
| Q1 25 | $0.93 | $-0.05 | ||
| Q4 24 | $0.81 | $-0.24 | ||
| Q3 24 | $0.81 | $0.05 | ||
| Q2 24 | $0.82 | $0.11 | ||
| Q1 24 | $0.86 | $-0.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $354.5M | $279.8M |
| Stockholders' EquityBook value | $958.7M | $405.9M |
| Total Assets | $8.0B | $823.2M |
| Debt / EquityLower = less leverage | 0.37× | 0.69× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $354.5M | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $958.7M | $405.9M | ||
| Q3 25 | $932.2M | $408.4M | ||
| Q2 25 | $894.1M | $398.4M | ||
| Q1 25 | $870.9M | $381.1M | ||
| Q4 24 | $846.4M | $387.2M | ||
| Q3 24 | $858.5M | $416.6M | ||
| Q2 24 | $813.6M | $408.1M | ||
| Q1 24 | $798.0M | $391.8M |
| Q4 25 | $8.0B | $823.2M | ||
| Q3 25 | $7.8B | $844.4M | ||
| Q2 25 | $7.7B | $822.1M | ||
| Q1 25 | $7.6B | $824.6M | ||
| Q4 24 | $7.5B | $794.2M | ||
| Q3 24 | $7.6B | $853.4M | ||
| Q2 24 | $7.6B | $830.0M | ||
| Q1 24 | $7.7B | $808.6M |
| Q4 25 | 0.37× | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $124.0M | $14.1M |
| FCF MarginFCF / Revenue | 140.6% | 14.1% |
| Capex IntensityCapex / Revenue | 7.8% | 9.2% |
| Cash ConversionOCF / Net Profit | 5.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | $207.9M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.9M | $23.3M | ||
| Q3 25 | $33.0M | $51.0M | ||
| Q2 25 | $7.7M | $36.0M | ||
| Q1 25 | $47.9M | $-46.9M | ||
| Q4 24 | $124.4M | $6.2M | ||
| Q3 24 | $33.1M | $37.2M | ||
| Q2 24 | $24.0M | $52.4M | ||
| Q1 24 | $29.0M | $-34.5M |
| Q4 25 | $124.0M | $14.1M | ||
| Q3 25 | $31.9M | $45.2M | ||
| Q2 25 | $6.0M | $29.1M | ||
| Q1 25 | $46.0M | $-50.3M | ||
| Q4 24 | $119.5M | $-98.0K | ||
| Q3 24 | $32.0M | $33.2M | ||
| Q2 24 | $22.9M | $47.9M | ||
| Q1 24 | $27.6M | $-39.9M |
| Q4 25 | 140.6% | 14.1% | ||
| Q3 25 | 35.8% | 27.9% | ||
| Q2 25 | 6.8% | 16.8% | ||
| Q1 25 | 54.5% | -45.2% | ||
| Q4 24 | 140.0% | -0.1% | ||
| Q3 24 | 39.7% | 22.1% | ||
| Q2 24 | 28.9% | 29.9% | ||
| Q1 24 | 34.5% | -36.0% |
| Q4 25 | 7.8% | 9.2% | ||
| Q3 25 | 1.2% | 3.6% | ||
| Q2 25 | 2.0% | 4.0% | ||
| Q1 25 | 2.3% | 3.1% | ||
| Q4 24 | 5.8% | 7.2% | ||
| Q3 24 | 1.4% | 2.7% | ||
| Q2 24 | 1.4% | 2.8% | ||
| Q1 24 | 1.9% | 4.8% |
| Q4 25 | 5.53× | — | ||
| Q3 25 | 1.47× | 6.29× | ||
| Q2 25 | 0.33× | 2.25× | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 6.49× | — | ||
| Q3 24 | 1.70× | 6.32× | ||
| Q2 24 | 1.21× | 3.95× | ||
| 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.
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
