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Side-by-side financial comparison of OLD NATIONAL BANCORP (ONB) and SELECT MEDICAL HOLDINGS CORP (SEM). Click either name above to swap in a different company.

SELECT MEDICAL HOLDINGS CORP is the larger business by last-quarter revenue ($1.4B vs $702.8M, roughly 2.0× OLD NATIONAL BANCORP). OLD NATIONAL BANCORP runs the higher net margin — 33.3% vs 4.5%, a 28.8% gap on every dollar of revenue. On growth, OLD NATIONAL BANCORP posted the faster year-over-year revenue change (44.4% vs 5.0%). Over the past eight quarters, OLD NATIONAL BANCORP's revenue compounded faster (34.5% CAGR vs 5.3%).

Old National Bank is an American regional bank with nearly 200 retail branches operated by Old National Bancorp and based in Chicago and Evansville, Indiana. With assets at $48.5 billion and 250 banking centers, Old National Bancorp is the largest financial services bank holding company headquartered in Indiana and one of the top 30 banking companies in the U.S. Old National Bank has locations in Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Tennessee, and Wisconsin.

Select Medical is a healthcare company based in Pennsylvania. It owns long-term acute care and inpatient rehabilitation hospitals, as well as occupational health and physical therapy clinics. Select Medical is a subsidiary of Select Medical Holdings, which is listed on the New York Stock Exchange.

ONB vs SEM — Head-to-Head

Bigger by revenue
SEM
SEM
2.0× larger
SEM
$1.4B
$702.8M
ONB
Growing faster (revenue YoY)
ONB
ONB
+39.3% gap
ONB
44.4%
5.0%
SEM
Higher net margin
ONB
ONB
28.8% more per $
ONB
33.3%
4.5%
SEM
Faster 2-yr revenue CAGR
ONB
ONB
Annualised
ONB
34.5%
5.3%
SEM

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
ONB
ONB
SEM
SEM
Revenue
$702.8M
$1.4B
Net Profit
$233.7M
$63.8M
Gross Margin
Operating Margin
6.9%
Net Margin
33.3%
4.5%
Revenue YoY
44.4%
5.0%
Net Profit YoY
61.5%
-14.7%
EPS (diluted)
$0.35

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
ONB
ONB
SEM
SEM
Q1 26
$702.8M
$1.4B
Q4 25
$580.8M
$1.4B
Q3 25
$574.6M
$1.4B
Q2 25
$514.8M
$1.3B
Q1 25
$387.6M
$1.4B
Q4 24
$394.2M
$1.3B
Q3 24
$391.7M
$1.3B
Q2 24
$388.4M
$1.3B
Net Profit
ONB
ONB
SEM
SEM
Q1 26
$233.7M
$63.8M
Q4 25
$216.6M
$20.2M
Q3 25
$182.6M
$28.8M
Q2 25
$125.4M
$40.6M
Q1 25
$144.7M
$56.7M
Q4 24
$153.9M
$-16.1M
Q3 24
$143.8M
$55.6M
Q2 24
$121.2M
$77.6M
Operating Margin
ONB
ONB
SEM
SEM
Q1 26
6.9%
Q4 25
46.7%
4.6%
Q3 25
40.5%
5.4%
Q2 25
30.2%
6.5%
Q1 25
46.8%
8.3%
Q4 24
47.2%
1.6%
Q3 24
47.2%
4.3%
Q2 24
40.3%
5.8%
Net Margin
ONB
ONB
SEM
SEM
Q1 26
33.3%
4.5%
Q4 25
37.3%
1.4%
Q3 25
31.8%
2.1%
Q2 25
24.4%
3.0%
Q1 25
37.3%
4.2%
Q4 24
39.0%
-1.2%
Q3 24
36.7%
4.4%
Q2 24
31.2%
6.1%
EPS (diluted)
ONB
ONB
SEM
SEM
Q1 26
$0.35
Q4 25
$0.55
$0.17
Q3 25
$0.46
$0.23
Q2 25
$0.34
$0.32
Q1 25
$0.44
$0.44
Q4 24
$0.47
$-0.12
Q3 24
$0.44
$0.43
Q2 24
$0.37
$0.60

Balance Sheet & Financial Strength

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

Metric
ONB
ONB
SEM
SEM
Cash + ST InvestmentsLiquidity on hand
$25.7M
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$8.5B
$2.1B
Total Assets
$73.0B
$6.0B
Debt / EquityLower = less leverage
0.88×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ONB
ONB
SEM
SEM
Q1 26
$25.7M
Q4 25
$1.8B
$26.5M
Q3 25
$1.7B
$60.1M
Q2 25
$1.8B
$52.3M
Q1 25
$1.2B
$53.2M
Q4 24
$1.2B
$59.7M
Q3 24
$1.2B
$191.5M
Q2 24
$1.2B
$111.2M
Total Debt
ONB
ONB
SEM
SEM
Q1 26
$1.8B
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.8B
Q1 25
$1.8B
Q4 24
$1.7B
Q3 24
$3.1B
Q2 24
$3.6B
Stockholders' Equity
ONB
ONB
SEM
SEM
Q1 26
$8.5B
$2.1B
Q4 25
$8.5B
$1.7B
Q3 25
$8.3B
$1.7B
Q2 25
$8.1B
$1.7B
Q1 25
$6.5B
$1.7B
Q4 24
$6.3B
$1.7B
Q3 24
$6.4B
$1.9B
Q2 24
$6.1B
$1.4B
Total Assets
ONB
ONB
SEM
SEM
Q1 26
$73.0B
$6.0B
Q4 25
$72.2B
$5.9B
Q3 25
$71.2B
$5.7B
Q2 25
$71.0B
$5.7B
Q1 25
$53.9B
$5.7B
Q4 24
$53.6B
$5.6B
Q3 24
$53.6B
$8.0B
Q2 24
$53.1B
$7.9B
Debt / Equity
ONB
ONB
SEM
SEM
Q1 26
0.88×
Q4 25
1.06×
Q3 25
1.03×
Q2 25
1.10×
Q1 25
1.03×
Q4 24
1.01×
Q3 24
1.62×
Q2 24
2.54×

Financial Flow Comparison

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

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