vs
Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and Target Hospitality Corp. (TH). 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 $73.5M, roughly 1.2× Target Hospitality Corp.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs -20.3%, a 47.2% gap on every dollar of revenue. On growth, Target Hospitality Corp. posted the faster year-over-year revenue change (22.0% vs 3.4%). Over the past eight quarters, FIRST MID BANCSHARES, INC.'s revenue compounded faster (5.0% CAGR vs 0.7%).
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.
Target Hospitality is a company that provides workforce lodging and other temporary, modular housing used for oil, gas and mining operations; large-scale events; and disaster relief. Target Hospitality is based in The Woodlands, Texas, and also has offices in Williston, North Dakota; Denver, Colorado; Calgary, Alberta.
FMBH vs TH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.2M | $73.5M |
| Net Profit | $23.7M | $-14.9M |
| Gross Margin | — | 9.6% |
| Operating Margin | 34.0% | -22.9% |
| Net Margin | 26.8% | -20.3% |
| Revenue YoY | 3.4% | 22.0% |
| Net Profit YoY | 23.5% | -219.1% |
| EPS (diluted) | $0.98 | $-0.14 |
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 | $73.5M | ||
| Q3 25 | $89.3M | $91.6M | ||
| Q2 25 | $87.5M | $54.9M | ||
| Q1 25 | $84.3M | $54.9M | ||
| Q4 24 | $85.3M | $60.2M | ||
| Q3 24 | $80.6M | $65.8M | ||
| Q2 24 | $79.2M | $67.5M | ||
| Q1 24 | $79.9M | $72.4M |
| Q4 25 | $23.7M | $-14.9M | ||
| Q3 25 | $22.5M | $-795.0K | ||
| Q2 25 | $23.4M | $-14.9M | ||
| Q1 25 | $22.2M | $-6.5M | ||
| Q4 24 | $19.2M | $12.5M | ||
| Q3 24 | $19.5M | $20.0M | ||
| Q2 24 | $19.7M | $18.4M | ||
| Q1 24 | $20.5M | $20.4M |
| Q4 25 | — | 9.6% | ||
| Q3 25 | — | 19.6% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | — | 61.5% | ||
| Q3 24 | — | 68.7% | ||
| Q2 24 | — | 69.4% | ||
| Q1 24 | — | 67.8% |
| Q4 25 | 34.0% | -22.9% | ||
| Q3 25 | 32.2% | 0.1% | ||
| Q2 25 | 34.4% | -30.8% | ||
| Q1 25 | 33.4% | -2.0% | ||
| Q4 24 | 29.7% | 34.5% | ||
| Q3 24 | 31.5% | 42.5% | ||
| Q2 24 | 33.7% | 43.8% | ||
| Q1 24 | 33.7% | 42.0% |
| Q4 25 | 26.8% | -20.3% | ||
| Q3 25 | 25.2% | -0.9% | ||
| Q2 25 | 26.8% | -27.2% | ||
| Q1 25 | 26.3% | -11.8% | ||
| Q4 24 | 22.5% | 20.8% | ||
| Q3 24 | 24.2% | 30.4% | ||
| Q2 24 | 24.9% | 27.2% | ||
| Q1 24 | 25.6% | 28.2% |
| Q4 25 | $0.98 | $-0.14 | ||
| Q3 25 | $0.94 | $-0.01 | ||
| Q2 25 | $0.98 | $-0.15 | ||
| Q1 25 | $0.93 | $-0.07 | ||
| Q4 24 | $0.81 | $0.12 | ||
| Q3 24 | $0.81 | $0.20 | ||
| Q2 24 | $0.82 | $0.18 | ||
| Q1 24 | $0.86 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $8.3M |
| Total DebtLower is stronger | $354.5M | $1.7M |
| Stockholders' EquityBook value | $958.7M | $389.3M |
| Total Assets | $8.0B | $530.2M |
| Debt / EquityLower = less leverage | 0.37× | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $8.3M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $19.2M | ||
| Q1 25 | — | $34.5M | ||
| Q4 24 | — | $190.7M | ||
| Q3 24 | — | $177.7M | ||
| Q2 24 | — | $154.3M | ||
| Q1 24 | — | $124.3M |
| Q4 25 | $354.5M | $1.7M | ||
| Q3 25 | — | $2.0M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $42.9M | ||
| Q4 24 | — | $1.5M | ||
| Q3 24 | — | $994.0K | ||
| Q2 24 | — | $1.1M | ||
| Q1 24 | — | $179.9M |
| Q4 25 | $958.7M | $389.3M | ||
| Q3 25 | $932.2M | $402.4M | ||
| Q2 25 | $894.1M | $401.3M | ||
| Q1 25 | $870.9M | $415.3M | ||
| Q4 24 | $846.4M | $421.1M | ||
| Q3 24 | $858.5M | $417.6M | ||
| Q2 24 | $813.6M | $397.2M | ||
| Q1 24 | $798.0M | $375.5M |
| Q4 25 | $8.0B | $530.2M | ||
| Q3 25 | $7.8B | $541.2M | ||
| Q2 25 | $7.7B | $533.7M | ||
| Q1 25 | $7.6B | $562.5M | ||
| Q4 24 | $7.5B | $725.8M | ||
| Q3 24 | $7.6B | $709.8M | ||
| Q2 24 | $7.6B | $697.0M | ||
| Q1 24 | $7.7B | $687.2M |
| Q4 25 | 0.37× | 0.00× | ||
| Q3 25 | — | 0.01× | ||
| Q2 25 | — | 0.07× | ||
| Q1 25 | — | 0.10× | ||
| Q4 24 | — | 0.00× | ||
| Q3 24 | — | 0.00× | ||
| Q2 24 | — | 0.00× | ||
| Q1 24 | — | 0.48× |
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 | $5.7M |
| 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.
| Q4 25 | $130.9M | $5.7M | ||
| Q3 25 | $33.0M | $53.4M | ||
| Q2 25 | $7.7M | $11.1M | ||
| Q1 25 | $47.9M | $3.9M | ||
| Q4 24 | $124.4M | $30.6M | ||
| Q3 24 | $33.1M | $31.4M | ||
| Q2 24 | $24.0M | $39.1M | ||
| Q1 24 | $29.0M | $50.6M |
| Q4 25 | $124.0M | — | ||
| Q3 25 | $31.9M | — | ||
| Q2 25 | $6.0M | — | ||
| Q1 25 | $46.0M | $-11.6M | ||
| Q4 24 | $119.5M | — | ||
| Q3 24 | $32.0M | — | ||
| Q2 24 | $22.9M | — | ||
| Q1 24 | $27.6M | — |
| Q4 25 | 140.6% | — | ||
| Q3 25 | 35.8% | — | ||
| Q2 25 | 6.8% | — | ||
| Q1 25 | 54.5% | -21.1% | ||
| Q4 24 | 140.0% | — | ||
| Q3 24 | 39.7% | — | ||
| Q2 24 | 28.9% | — | ||
| Q1 24 | 34.5% | — |
| Q4 25 | 7.8% | — | ||
| Q3 25 | 1.2% | — | ||
| Q2 25 | 2.0% | — | ||
| Q1 25 | 2.3% | 28.2% | ||
| Q4 24 | 5.8% | — | ||
| Q3 24 | 1.4% | — | ||
| Q2 24 | 1.4% | — | ||
| Q1 24 | 1.9% | — |
| Q4 25 | 5.53× | — | ||
| Q3 25 | 1.47× | — | ||
| Q2 25 | 0.33× | — | ||
| Q1 25 | 2.16× | — | ||
| Q4 24 | 6.49× | 2.44× | ||
| Q3 24 | 1.70× | 1.57× | ||
| Q2 24 | 1.21× | 2.13× | ||
| Q1 24 | 1.42× | 2.48× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FMBH
Segment breakdown not available.
TH
| Services | $40.9M | 56% |
| Hospitality And Facilities Services South | $32.6M | 44% |
