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Side-by-side financial comparison of FIRST MID BANCSHARES, INC. (FMBH) and VICOR CORP (VICR). Click either name above to swap in a different company.

VICOR CORP is the larger business by last-quarter revenue ($113.0M vs $88.2M, roughly 1.3× FIRST MID BANCSHARES, INC.). FIRST MID BANCSHARES, INC. runs the higher net margin — 26.8% vs 18.3%, a 8.5% gap on every dollar of revenue. On growth, VICOR CORP posted the faster year-over-year revenue change (20.2% vs 3.4%). Over the past eight quarters, VICOR CORP's revenue compounded faster (14.7% 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.

Vicor Corporation is a manufacturer of power modules headquartered in Andover, Massachusetts.

FMBH vs VICR — Head-to-Head

Bigger by revenue
VICR
VICR
1.3× larger
VICR
$113.0M
$88.2M
FMBH
Growing faster (revenue YoY)
VICR
VICR
+16.8% gap
VICR
20.2%
3.4%
FMBH
Higher net margin
FMBH
FMBH
8.5% more per $
FMBH
26.8%
18.3%
VICR
Faster 2-yr revenue CAGR
VICR
VICR
Annualised
VICR
14.7%
5.0%
FMBH

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
FMBH
FMBH
VICR
VICR
Revenue
$88.2M
$113.0M
Net Profit
$23.7M
$20.7M
Gross Margin
Operating Margin
34.0%
59.7%
Net Margin
26.8%
18.3%
Revenue YoY
3.4%
20.2%
Net Profit YoY
23.5%
713.9%
EPS (diluted)
$0.98
$0.44

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
VICR
VICR
Q1 26
$113.0M
Q4 25
$88.2M
$107.3M
Q3 25
$89.3M
$110.4M
Q2 25
$87.5M
$96.0M
Q1 25
$84.3M
$94.0M
Q4 24
$85.3M
$96.2M
Q3 24
$80.6M
$93.2M
Q2 24
$79.2M
$85.9M
Net Profit
FMBH
FMBH
VICR
VICR
Q1 26
$20.7M
Q4 25
$23.7M
$46.5M
Q3 25
$22.5M
$28.3M
Q2 25
$23.4M
$41.2M
Q1 25
$22.2M
$2.5M
Q4 24
$19.2M
$10.2M
Q3 24
$19.5M
$11.6M
Q2 24
$19.7M
$-1.2M
Gross Margin
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
55.4%
Q3 25
57.5%
Q2 25
95.9%
Q1 25
47.2%
Q4 24
52.4%
Q3 24
49.1%
Q2 24
49.8%
Operating Margin
FMBH
FMBH
VICR
VICR
Q1 26
59.7%
Q4 25
34.0%
14.6%
Q3 25
32.2%
18.9%
Q2 25
34.4%
47.3%
Q1 25
33.4%
-0.2%
Q4 24
29.7%
9.6%
Q3 24
31.5%
5.8%
Q2 24
33.7%
0.2%
Net Margin
FMBH
FMBH
VICR
VICR
Q1 26
18.3%
Q4 25
26.8%
43.4%
Q3 25
25.2%
25.6%
Q2 25
26.8%
42.9%
Q1 25
26.3%
2.7%
Q4 24
22.5%
10.7%
Q3 24
24.2%
12.4%
Q2 24
24.9%
-1.4%
EPS (diluted)
FMBH
FMBH
VICR
VICR
Q1 26
$0.44
Q4 25
$0.98
$1.01
Q3 25
$0.94
$0.63
Q2 25
$0.98
$0.91
Q1 25
$0.93
$0.06
Q4 24
$0.81
$0.24
Q3 24
$0.81
$0.26
Q2 24
$0.82
$-0.03

Balance Sheet & Financial Strength

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

Metric
FMBH
FMBH
VICR
VICR
Cash + ST InvestmentsLiquidity on hand
$404.2M
Total DebtLower is stronger
$354.5M
Stockholders' EquityBook value
$958.7M
$754.1M
Total Assets
$8.0B
$804.9M
Debt / EquityLower = less leverage
0.37×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FMBH
FMBH
VICR
VICR
Q1 26
$404.2M
Q4 25
$402.8M
Q3 25
$362.4M
Q2 25
$338.5M
Q1 25
$296.1M
Q4 24
$277.3M
Q3 24
$267.6M
Q2 24
$251.9M
Total Debt
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
$354.5M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
FMBH
FMBH
VICR
VICR
Q1 26
$754.1M
Q4 25
$958.7M
$711.6M
Q3 25
$932.2M
$630.1M
Q2 25
$894.1M
$608.6M
Q1 25
$870.9M
$580.3M
Q4 24
$846.4M
$570.1M
Q3 24
$858.5M
$554.6M
Q2 24
$813.6M
$537.2M
Total Assets
FMBH
FMBH
VICR
VICR
Q1 26
$804.9M
Q4 25
$8.0B
$785.8M
Q3 25
$7.8B
$710.2M
Q2 25
$7.7B
$693.5M
Q1 25
$7.6B
$665.0M
Q4 24
$7.5B
$641.1M
Q3 24
$7.6B
$632.8M
Q2 24
$7.6B
$613.2M
Debt / Equity
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
0.37×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 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
VICR
VICR
Operating Cash FlowLast quarter
$130.9M
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
VICR
VICR
Q1 26
Q4 25
$130.9M
$15.7M
Q3 25
$33.0M
$38.5M
Q2 25
$7.7M
$65.2M
Q1 25
$47.9M
$20.1M
Q4 24
$124.4M
$10.1M
Q3 24
$33.1M
$22.6M
Q2 24
$24.0M
$15.6M
Free Cash Flow
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
$124.0M
$10.2M
Q3 25
$31.9M
$34.5M
Q2 25
$6.0M
$59.0M
Q1 25
$46.0M
$15.6M
Q4 24
$119.5M
$8.4M
Q3 24
$32.0M
$14.1M
Q2 24
$22.9M
$9.4M
FCF Margin
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
140.6%
9.5%
Q3 25
35.8%
31.2%
Q2 25
6.8%
61.5%
Q1 25
54.5%
16.6%
Q4 24
140.0%
8.7%
Q3 24
39.7%
15.2%
Q2 24
28.9%
11.0%
Capex Intensity
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
7.8%
5.2%
Q3 25
1.2%
3.6%
Q2 25
2.0%
6.5%
Q1 25
2.3%
4.8%
Q4 24
5.8%
1.8%
Q3 24
1.4%
9.1%
Q2 24
1.4%
7.2%
Cash Conversion
FMBH
FMBH
VICR
VICR
Q1 26
Q4 25
5.53×
0.34×
Q3 25
1.47×
1.36×
Q2 25
0.33×
1.58×
Q1 25
2.16×
7.93×
Q4 24
6.49×
0.99×
Q3 24
1.70×
1.95×
Q2 24
1.21×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FMBH
FMBH

Segment breakdown not available.

VICR
VICR

Product revenue$98.0M87%
Royalty revenue$15.0M13%

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