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Side-by-side financial comparison of Midland States Bancorp, Inc. (MSBI) and SUPERIOR GROUP OF COMPANIES, INC. (SGC). Click either name above to swap in a different company.

SUPERIOR GROUP OF COMPANIES, INC. is the larger business by last-quarter revenue ($146.6M vs $79.5M, roughly 1.8× Midland States Bancorp, Inc.). Midland States Bancorp, Inc. runs the higher net margin — 23.2% vs 2.4%, a 20.8% gap on every dollar of revenue. Over the past eight quarters, SUPERIOR GROUP OF COMPANIES, INC.'s revenue compounded faster (2.7% CAGR vs -6.4%).

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

Superior Coach was a coachbuilder in the American automotive industry. Founded in 1909 as the Garford Motor Truck Company, Superior is best known for constructing bodies for professional cars (hearses) and school buses. Following major downturns in both segments in the late 1970s, Superior was liquidated by its parent company in 1980. From 1925 to 1980, the company was based in Lima, Ohio.

MSBI vs SGC — Head-to-Head

Bigger by revenue
SGC
SGC
1.8× larger
SGC
$146.6M
$79.5M
MSBI
Higher net margin
MSBI
MSBI
20.8% more per $
MSBI
23.2%
2.4%
SGC
Faster 2-yr revenue CAGR
SGC
SGC
Annualised
SGC
2.7%
-6.4%
MSBI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
MSBI
MSBI
SGC
SGC
Revenue
$79.5M
$146.6M
Net Profit
$18.5M
$3.5M
Gross Margin
36.9%
Operating Margin
2.8%
Net Margin
23.2%
2.4%
Revenue YoY
0.8%
Net Profit YoY
739.3%
65.8%
EPS (diluted)
$0.74
$0.23

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
MSBI
MSBI
SGC
SGC
Q1 26
$79.5M
Q4 25
$85.6M
$146.6M
Q3 25
$81.1M
$138.5M
Q2 25
$82.2M
$144.0M
Q1 25
$76.1M
$137.1M
Q4 24
$93.9M
$145.4M
Q3 24
$92.7M
$149.7M
Q2 24
$90.9M
$131.7M
Net Profit
MSBI
MSBI
SGC
SGC
Q1 26
$18.5M
Q4 25
$-2.9M
$3.5M
Q3 25
$7.6M
$2.7M
Q2 25
$12.0M
$1.6M
Q1 25
$-141.0M
$-758.0K
Q4 24
$-30.8M
$2.1M
Q3 24
$20.4M
$5.4M
Q2 24
$25.7M
$600.0K
Gross Margin
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
36.9%
Q3 25
38.3%
Q2 25
38.4%
Q1 25
36.8%
Q4 24
37.1%
Q3 24
40.4%
Q2 24
38.5%
Operating Margin
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
-5.5%
2.8%
Q3 25
13.9%
2.3%
Q2 25
18.1%
1.3%
Q1 25
-181.2%
-0.7%
Q4 24
-66.5%
1.7%
Q3 24
26.9%
4.4%
Q2 24
35.0%
0.5%
Net Margin
MSBI
MSBI
SGC
SGC
Q1 26
23.2%
Q4 25
-4.9%
2.4%
Q3 25
9.3%
2.0%
Q2 25
14.6%
1.1%
Q1 25
-185.4%
-0.6%
Q4 24
-52.5%
1.4%
Q3 24
22.1%
3.6%
Q2 24
28.3%
0.5%
EPS (diluted)
MSBI
MSBI
SGC
SGC
Q1 26
$0.74
Q4 25
$-0.22
$0.23
Q3 25
$0.24
$0.18
Q2 25
$0.44
$0.10
Q1 25
$-6.58
$-0.05
Q4 24
$-1.49
$0.12
Q3 24
$0.83
$0.33
Q2 24
$1.06
$0.04

Balance Sheet & Financial Strength

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

Metric
MSBI
MSBI
SGC
SGC
Cash + ST InvestmentsLiquidity on hand
$89.4M
$23.7M
Total DebtLower is stronger
$33.2M
$94.1M
Stockholders' EquityBook value
$569.5M
$192.8M
Total Assets
$6.5B
$421.8M
Debt / EquityLower = less leverage
0.06×
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSBI
MSBI
SGC
SGC
Q1 26
$89.4M
Q4 25
$127.8M
$23.7M
Q3 25
$166.1M
$16.7M
Q2 25
$176.6M
$21.0M
Q1 25
$102.0M
$19.8M
Q4 24
$114.8M
$18.8M
Q3 24
$121.9M
$18.4M
Q2 24
$124.6M
$13.4M
Total Debt
MSBI
MSBI
SGC
SGC
Q1 26
$33.2M
Q4 25
$94.1M
Q3 25
$100.0M
Q2 25
$99.3M
Q1 25
$95.7M
Q4 24
$86.0M
Q3 24
Q2 24
Stockholders' Equity
MSBI
MSBI
SGC
SGC
Q1 26
$569.5M
Q4 25
$565.5M
$192.8M
Q3 25
$584.0M
$193.8M
Q2 25
$573.7M
$192.1M
Q1 25
$571.4M
$194.4M
Q4 24
$710.8M
$198.9M
Q3 24
$771.2M
$199.5M
Q2 24
$736.8M
$200.9M
Total Assets
MSBI
MSBI
SGC
SGC
Q1 26
$6.5B
Q4 25
$6.5B
$421.8M
Q3 25
$6.9B
$415.3M
Q2 25
$7.1B
$423.3M
Q1 25
$7.3B
$411.0M
Q4 24
$7.5B
$415.1M
Q3 24
$7.7B
$407.4M
Q2 24
$7.7B
$400.3M
Debt / Equity
MSBI
MSBI
SGC
SGC
Q1 26
0.06×
Q4 25
0.49×
Q3 25
0.52×
Q2 25
0.52×
Q1 25
0.49×
Q4 24
0.43×
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
MSBI
MSBI
SGC
SGC
Operating Cash FlowLast quarter
$18.4M
Free Cash FlowOCF − Capex
$17.9M
FCF MarginFCF / Revenue
12.2%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
5.32×
TTM Free Cash FlowTrailing 4 quarters
$15.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
$125.7M
$18.4M
Q3 25
$80.0M
$-1.7M
Q2 25
$28.1M
$4.9M
Q1 25
$24.7M
$-2.0M
Q4 24
$176.5M
$8.9M
Q3 24
$46.5M
$8.2M
Q2 24
$31.4M
$6.9M
Free Cash Flow
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
$120.3M
$17.9M
Q3 25
$78.6M
$-2.4M
Q2 25
$26.7M
$3.3M
Q1 25
$22.9M
$-3.1M
Q4 24
$169.6M
$7.4M
Q3 24
$44.4M
$7.3M
Q2 24
$29.9M
$5.6M
FCF Margin
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
140.6%
12.2%
Q3 25
96.9%
-1.7%
Q2 25
32.4%
2.3%
Q1 25
30.1%
-2.3%
Q4 24
180.6%
5.1%
Q3 24
47.9%
4.9%
Q2 24
32.9%
4.2%
Capex Intensity
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
6.2%
0.4%
Q3 25
1.7%
0.5%
Q2 25
1.7%
1.1%
Q1 25
2.4%
0.8%
Q4 24
7.3%
1.0%
Q3 24
2.3%
0.6%
Q2 24
1.7%
1.0%
Cash Conversion
MSBI
MSBI
SGC
SGC
Q1 26
Q4 25
5.32×
Q3 25
10.58×
-0.61×
Q2 25
2.33×
3.18×
Q1 25
Q4 24
4.28×
Q3 24
2.28×
1.52×
Q2 24
1.22×
11.42×

Financial Flow Comparison

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

Revenue Breakdown by Segment

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

SGC
SGC

Branded Products$96.9M66%
Healthcare Apparel$28.8M20%
Contact Centers$21.7M15%

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