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Side-by-side financial comparison of ACME UNITED CORP (ACU) and INDEPENDENT BANK CORP (IBCP). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($58.9M vs $52.3M, roughly 1.1× ACME UNITED CORP). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs 1.9%, a 26.8% gap on every dollar of revenue. Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (2.1% CAGR vs -2.9%).
Acme United Corporation is a supplier of cutting, measuring and safety products for the school, home, office, hardware and industrial markets. The company was organized as a partnership in 1867 and incorporated in 1873 under the laws of the State of Connecticut. It is publicly traded on the NYSE American with symbol ACU.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
ACU vs IBCP — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $52.3M | $58.9M |
| Net Profit | $985.0K | $16.9M |
| Gross Margin | 39.7% | — |
| Operating Margin | 3.3% | — |
| Net Margin | 1.9% | 28.6% |
| Revenue YoY | 13.8% | — |
| Net Profit YoY | -40.4% | 8.2% |
| EPS (diluted) | $0.24 | $0.81 |
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.
| Q1 26 | $52.3M | $58.9M | ||
| Q4 25 | $47.5M | $58.3M | ||
| Q3 25 | $49.1M | $57.3M | ||
| Q2 25 | $54.0M | $55.9M | ||
| Q1 25 | $46.0M | $54.1M | ||
| Q4 24 | $45.9M | $62.0M | ||
| Q3 24 | $48.2M | $51.4M | ||
| Q2 24 | $55.4M | $56.5M |
| Q1 26 | $985.0K | $16.9M | ||
| Q4 25 | $1.9M | $18.6M | ||
| Q3 25 | $1.9M | $17.5M | ||
| Q2 25 | $4.8M | $16.9M | ||
| Q1 25 | $1.7M | $15.6M | ||
| Q4 24 | $1.7M | $18.5M | ||
| Q3 24 | $2.2M | $13.8M | ||
| Q2 24 | $4.5M | $18.5M |
| Q1 26 | 39.7% | — | ||
| Q4 25 | 38.2% | — | ||
| Q3 25 | 39.1% | — | ||
| Q2 25 | 41.0% | — | ||
| Q1 25 | 39.0% | — | ||
| Q4 24 | 38.7% | — | ||
| Q3 24 | 38.5% | — | ||
| Q2 24 | 40.8% | — |
| Q1 26 | 3.3% | — | ||
| Q4 25 | 6.1% | 34.8% | ||
| Q3 25 | 6.1% | 37.0% | ||
| Q2 25 | 11.8% | 37.0% | ||
| Q1 25 | 5.3% | 35.3% | ||
| Q4 24 | 5.0% | 36.7% | ||
| Q3 24 | 6.1% | 33.7% | ||
| Q2 24 | 11.5% | 41.0% |
| Q1 26 | 1.9% | 28.6% | ||
| Q4 25 | 3.9% | 31.8% | ||
| Q3 25 | 3.9% | 30.5% | ||
| Q2 25 | 8.8% | 30.2% | ||
| Q1 25 | 3.6% | 28.8% | ||
| Q4 24 | 3.7% | 29.8% | ||
| Q3 24 | 4.6% | 26.9% | ||
| Q2 24 | 8.0% | 32.8% |
| Q1 26 | $0.24 | $0.81 | ||
| Q4 25 | $0.46 | $0.88 | ||
| Q3 25 | $0.46 | $0.84 | ||
| Q2 25 | $1.16 | $0.81 | ||
| Q1 25 | $0.41 | $0.74 | ||
| Q4 24 | $0.43 | $0.87 | ||
| Q3 24 | $0.54 | $0.65 | ||
| Q2 24 | $1.09 | $0.88 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $4.2M | $174.9M |
| Total DebtLower is stronger | $33.0M | — |
| Stockholders' EquityBook value | $116.7M | $510.6M |
| Total Assets | $195.2M | $5.6B |
| Debt / EquityLower = less leverage | 0.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $4.2M | $174.9M | ||
| Q4 25 | $3.6M | $138.4M | ||
| Q3 25 | $5.1M | $208.7M | ||
| Q2 25 | $3.6M | $146.2M | ||
| Q1 25 | $3.4M | $128.1M | ||
| Q4 24 | $6.4M | $119.9M | ||
| Q3 24 | $5.7M | $121.6M | ||
| Q2 24 | $3.8M | $214.3M |
| Q1 26 | $33.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $116.7M | $510.6M | ||
| Q4 25 | $117.6M | $503.0M | ||
| Q3 25 | $115.8M | $490.7M | ||
| Q2 25 | $113.7M | $469.3M | ||
| Q1 25 | $108.3M | $467.3M | ||
| Q4 24 | $107.0M | $454.7M | ||
| Q3 24 | $106.3M | $452.4M | ||
| Q2 24 | $104.0M | $430.5M |
| Q1 26 | $195.2M | $5.6B | ||
| Q4 25 | $171.0M | $5.5B | ||
| Q3 25 | $173.0M | $5.5B | ||
| Q2 25 | $170.9M | $5.4B | ||
| Q1 25 | $163.0M | $5.3B | ||
| Q4 24 | $162.2M | $5.3B | ||
| Q3 24 | $165.5M | $5.3B | ||
| Q2 24 | $173.5M | $5.3B |
| Q1 26 | 0.28× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACU
Segment breakdown not available.
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
