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Side-by-side financial comparison of ACME UNITED CORP (ACU) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $52.3M, roughly 1.1× ACME UNITED CORP). ACME UNITED CORP runs the higher net margin — 1.9% vs -53.8%, a 55.7% gap on every dollar of revenue. On growth, ACME UNITED CORP posted the faster year-over-year revenue change (13.8% vs -0.0%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% 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.

indie Semiconductor is a fabless semiconductor manufacturer focused on designing high-performance mixed-signal and embedded system-on-chip solutions for the automotive industry. Its products support advanced driver assistance systems, in-vehicle infotainment, connected car, and electric vehicle applications, serving global auto OEMs and tier 1 suppliers across major global markets.

ACU vs INDI — Head-to-Head

Bigger by revenue
INDI
INDI
1.1× larger
INDI
$58.0M
$52.3M
ACU
Growing faster (revenue YoY)
ACU
ACU
+13.8% gap
ACU
13.8%
-0.0%
INDI
Higher net margin
ACU
ACU
55.7% more per $
ACU
1.9%
-53.8%
INDI
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
5.3%
-2.9%
ACU

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ACU
ACU
INDI
INDI
Revenue
$52.3M
$58.0M
Net Profit
$985.0K
$-31.2M
Gross Margin
39.7%
37.3%
Operating Margin
3.3%
-58.5%
Net Margin
1.9%
-53.8%
Revenue YoY
13.8%
-0.0%
Net Profit YoY
-40.4%
9.1%
EPS (diluted)
$0.24
$-0.16

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
ACU
ACU
INDI
INDI
Q1 26
$52.3M
Q4 25
$47.5M
$58.0M
Q3 25
$49.1M
$53.7M
Q2 25
$54.0M
$51.6M
Q1 25
$46.0M
$54.1M
Q4 24
$45.9M
$58.0M
Q3 24
$48.2M
$54.0M
Q2 24
$55.4M
$52.4M
Net Profit
ACU
ACU
INDI
INDI
Q1 26
$985.0K
Q4 25
$1.9M
$-31.2M
Q3 25
$1.9M
$-38.3M
Q2 25
$4.8M
$-39.0M
Q1 25
$1.7M
$-34.5M
Q4 24
$1.7M
$-34.4M
Q3 24
$2.2M
$-49.7M
Q2 24
$4.5M
$-19.2M
Gross Margin
ACU
ACU
INDI
INDI
Q1 26
39.7%
Q4 25
38.2%
37.3%
Q3 25
39.1%
40.1%
Q2 25
41.0%
40.6%
Q1 25
39.0%
41.7%
Q4 24
38.7%
42.6%
Q3 24
38.5%
39.3%
Q2 24
40.8%
42.2%
Operating Margin
ACU
ACU
INDI
INDI
Q1 26
3.3%
Q4 25
6.1%
-58.5%
Q3 25
6.1%
-71.4%
Q2 25
11.8%
-83.3%
Q1 25
5.3%
-72.0%
Q4 24
5.0%
-58.4%
Q3 24
6.1%
-92.5%
Q2 24
11.5%
-70.0%
Net Margin
ACU
ACU
INDI
INDI
Q1 26
1.9%
Q4 25
3.9%
-53.8%
Q3 25
3.9%
-71.3%
Q2 25
8.8%
-75.6%
Q1 25
3.6%
-63.9%
Q4 24
3.7%
-59.2%
Q3 24
4.6%
-92.1%
Q2 24
8.0%
-36.6%
EPS (diluted)
ACU
ACU
INDI
INDI
Q1 26
$0.24
Q4 25
$0.46
$-0.16
Q3 25
$0.46
$-0.19
Q2 25
$1.16
$-0.20
Q1 25
$0.41
$-0.18
Q4 24
$0.43
$-0.18
Q3 24
$0.54
$-0.28
Q2 24
$1.09
$-0.11

Balance Sheet & Financial Strength

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

Metric
ACU
ACU
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$4.2M
$145.5M
Total DebtLower is stronger
$33.0M
$353.4M
Stockholders' EquityBook value
$116.7M
$358.0M
Total Assets
$195.2M
$840.8M
Debt / EquityLower = less leverage
0.28×
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ACU
ACU
INDI
INDI
Q1 26
$4.2M
Q4 25
$3.6M
$145.5M
Q3 25
$5.1M
$160.9M
Q2 25
$3.6M
$192.6M
Q1 25
$3.4M
$236.6M
Q4 24
$6.4M
$274.2M
Q3 24
$5.7M
$96.9M
Q2 24
$3.8M
$112.3M
Total Debt
ACU
ACU
INDI
INDI
Q1 26
$33.0M
Q4 25
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$379.0M
Q4 24
$381.3M
Q3 24
Q2 24
Stockholders' Equity
ACU
ACU
INDI
INDI
Q1 26
$116.7M
Q4 25
$117.6M
$358.0M
Q3 25
$115.8M
$369.2M
Q2 25
$113.7M
$390.4M
Q1 25
$108.3M
$405.6M
Q4 24
$107.0M
$417.9M
Q3 24
$106.3M
$458.6M
Q2 24
$104.0M
$470.7M
Total Assets
ACU
ACU
INDI
INDI
Q1 26
$195.2M
Q4 25
$171.0M
$840.8M
Q3 25
$173.0M
$855.1M
Q2 25
$170.9M
$867.6M
Q1 25
$163.0M
$909.0M
Q4 24
$162.2M
$941.4M
Q3 24
$165.5M
$797.5M
Q2 24
$173.5M
$797.3M
Debt / Equity
ACU
ACU
INDI
INDI
Q1 26
0.28×
Q4 25
0.99×
Q3 25
0.96×
Q2 25
0.90×
Q1 25
0.93×
Q4 24
0.91×
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
ACU
ACU
INDI
INDI
Operating Cash FlowLast quarter
$-14.4M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ACU
ACU
INDI
INDI
Q1 26
Q4 25
$8.2M
$-14.4M
Q3 25
$7.1M
$-6.2M
Q2 25
$6.3M
$-7.6M
Q1 25
$-3.3M
$-29.0M
Q4 24
$6.4M
$-6.7M
Q3 24
$8.9M
$-22.8M
Q2 24
$6.9M
$-19.7M
Free Cash Flow
ACU
ACU
INDI
INDI
Q1 26
Q4 25
$7.3M
$-16.1M
Q3 25
$301.0K
$-10.3M
Q2 25
$4.7M
$-13.6M
Q1 25
$-4.7M
$-31.4M
Q4 24
$4.7M
$-8.6M
Q3 24
$7.5M
$-29.3M
Q2 24
$4.4M
$-23.4M
FCF Margin
ACU
ACU
INDI
INDI
Q1 26
Q4 25
15.3%
-27.8%
Q3 25
0.6%
-19.2%
Q2 25
8.7%
-26.4%
Q1 25
-10.2%
-58.0%
Q4 24
10.2%
-14.8%
Q3 24
15.6%
-54.3%
Q2 24
8.0%
-44.7%
Capex Intensity
ACU
ACU
INDI
INDI
Q1 26
Q4 25
1.9%
3.0%
Q3 25
13.8%
7.8%
Q2 25
3.0%
11.6%
Q1 25
2.9%
4.4%
Q4 24
3.7%
3.2%
Q3 24
2.8%
12.1%
Q2 24
4.5%
7.0%
Cash Conversion
ACU
ACU
INDI
INDI
Q1 26
Q4 25
4.34×
Q3 25
3.72×
Q2 25
1.33×
Q1 25
-2.02×
Q4 24
3.73×
Q3 24
3.99×
Q2 24
1.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ACU
ACU

Segment breakdown not available.

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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