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Side-by-side financial comparison of FIRST MERCHANTS CORP (FRME) and Lanvin Group Holdings Ltd (LANV). Click either name above to swap in a different company.

FIRST MERCHANTS CORP is the larger business by last-quarter revenue ($157.1M vs $144.1M, roughly 1.1× Lanvin Group Holdings Ltd).

First Merchants Corporation is a financial holding company in Central Indiana, headquartered in Muncie, Indiana. The Corporation includes First Merchants Bank and First Merchants Private Wealth Advisors. The company is listed on the NASDAQ as FRME. As of March 2023, total asset size of First Merchants Corporation was $18.2 billion. First Merchants offers commercial banking, personal banking, and investment advisor services.

Lanvin is a French luxury fashion house founded in 1889 by Jeanne Lanvin in Paris. It is the oldest French fashion house still in operation. Since 2018, it has been a subsidiary of Shanghai-based Lanvin Group. Lanvin Group includes Lanvin, Sergio Rossi, Wolford, St. John Knits, and Caruso.

FRME vs LANV — Head-to-Head

Bigger by revenue
FRME
FRME
1.1× larger
FRME
$157.1M
$144.1M
LANV

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
FRME
FRME
LANV
LANV
Revenue
$157.1M
$144.1M
Net Profit
$28.2M
Gross Margin
53.9%
Operating Margin
-60.5%
Net Margin
17.9%
Revenue YoY
Net Profit YoY
-49.1%
EPS (diluted)
$0.45

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
FRME
FRME
LANV
LANV
Q1 26
$157.1M
Q4 25
$172.2M
Q3 25
$166.1M
Q2 25
$164.3M
$144.1M
Q1 25
$160.3M
Q4 24
$177.1M
Q3 24
$156.0M
Q2 24
$159.9M
$184.7M
Net Profit
FRME
FRME
LANV
LANV
Q1 26
$28.2M
Q4 25
$57.1M
Q3 25
$56.8M
Q2 25
$56.8M
Q1 25
$55.3M
Q4 24
$64.3M
Q3 24
$49.2M
Q2 24
$39.9M
Gross Margin
FRME
FRME
LANV
LANV
Q1 26
Q4 25
Q3 25
Q2 25
53.9%
Q1 25
Q4 24
Q3 24
Q2 24
57.5%
Operating Margin
FRME
FRME
LANV
LANV
Q1 26
Q4 25
38.0%
Q3 25
39.3%
Q2 25
39.6%
-60.5%
Q1 25
39.4%
Q4 24
43.3%
Q3 24
36.1%
Q2 24
27.5%
-35.0%
Net Margin
FRME
FRME
LANV
LANV
Q1 26
17.9%
Q4 25
33.1%
Q3 25
34.2%
Q2 25
34.6%
Q1 25
34.5%
Q4 24
36.3%
Q3 24
31.5%
Q2 24
25.0%
EPS (diluted)
FRME
FRME
LANV
LANV
Q1 26
$0.45
Q4 25
$0.98
Q3 25
$0.98
Q2 25
$0.98
Q1 25
$0.94
Q4 24
$1.09
Q3 24
$0.84
Q2 24
$0.68

Balance Sheet & Financial Strength

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

Metric
FRME
FRME
LANV
LANV
Cash + ST InvestmentsLiquidity on hand
$32.1M
Total DebtLower is stronger
$290.3M
Stockholders' EquityBook value
$2.7B
$-116.4M
Total Assets
$21.1B
$632.1M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRME
FRME
LANV
LANV
Q1 26
Q4 25
Q3 25
Q2 25
$32.1M
Q1 25
Q4 24
Q3 24
Q2 24
$19.3M
Total Debt
FRME
FRME
LANV
LANV
Q1 26
Q4 25
Q3 25
Q2 25
$290.3M
Q1 25
Q4 24
Q3 24
Q2 24
$136.4M
Stockholders' Equity
FRME
FRME
LANV
LANV
Q1 26
$2.7B
Q4 25
$2.5B
Q3 25
$2.4B
Q2 25
$2.3B
$-116.4M
Q1 25
$2.3B
Q4 24
$2.3B
Q3 24
$2.3B
Q2 24
$2.2B
$100.1M
Total Assets
FRME
FRME
LANV
LANV
Q1 26
$21.1B
Q4 25
$19.0B
Q3 25
$18.8B
Q2 25
$18.6B
$632.1M
Q1 25
$18.4B
Q4 24
$18.3B
Q3 24
$18.3B
Q2 24
$18.3B
$731.8M
Debt / Equity
FRME
FRME
LANV
LANV
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
1.36×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FRME
FRME
LANV
LANV
Operating Cash FlowLast quarter
$-75.1K
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRME
FRME
LANV
LANV
Q1 26
Q4 25
$283.6M
Q3 25
$87.6M
Q2 25
$53.7M
$-75.1K
Q1 25
$61.7M
Q4 24
$266.2M
Q3 24
$76.8M
Q2 24
$63.0M
$-36.2K
Cash Conversion
FRME
FRME
LANV
LANV
Q1 26
Q4 25
4.97×
Q3 25
1.54×
Q2 25
0.94×
Q1 25
1.11×
Q4 24
4.14×
Q3 24
1.56×
Q2 24
1.58×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRME
FRME

Net Interest Income$151.3M96%
Noninterest Income$5.8M4%

LANV
LANV

Segment breakdown not available.

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