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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and INDEPENDENT BANK CORP (INDB). Click either name above to swap in a different company.
ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $212.5M, roughly 1.7× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs 2.5%, a 32.9% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs -6.3%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 24.3%).
Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
AENT vs INDB — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $212.5M |
| Net Profit | $9.4M | $75.3M |
| Gross Margin | — | — |
| Operating Margin | 4.7% | — |
| Net Margin | 2.5% | 35.5% |
| Revenue YoY | -6.3% | 46.9% |
| Net Profit YoY | 32.8% | 50.6% |
| EPS (diluted) | $0.18 | $1.51 |
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.
| Q4 25 | $368.7M | $212.5M | ||
| Q3 25 | $254.0M | $203.3M | ||
| Q2 25 | $227.8M | $147.5M | ||
| Q1 25 | $213.0M | $145.5M | ||
| Q4 24 | $393.7M | $144.7M | ||
| Q3 24 | $229.0M | $141.7M | ||
| Q2 24 | $236.9M | $137.9M | ||
| Q1 24 | $211.2M | $137.4M |
| Q4 25 | $9.4M | $75.3M | ||
| Q3 25 | $4.9M | $34.3M | ||
| Q2 25 | $5.8M | $51.1M | ||
| Q1 25 | $1.9M | $44.4M | ||
| Q4 24 | $7.1M | $50.0M | ||
| Q3 24 | $397.0K | $42.9M | ||
| Q2 24 | $2.5M | $51.3M | ||
| Q1 24 | $-3.4M | $47.8M |
| Q4 25 | 4.7% | — | ||
| Q3 25 | 4.2% | 21.8% | ||
| Q2 25 | 4.3% | 44.6% | ||
| Q1 25 | 1.7% | 39.3% | ||
| Q4 24 | 3.8% | — | ||
| Q3 24 | 0.9% | 39.0% | ||
| Q2 24 | 0.2% | 48.1% | ||
| Q1 24 | -0.3% | 45.5% |
| Q4 25 | 2.5% | 35.5% | ||
| Q3 25 | 1.9% | 16.8% | ||
| Q2 25 | 2.5% | 34.6% | ||
| Q1 25 | 0.9% | 30.5% | ||
| Q4 24 | 1.8% | 34.6% | ||
| Q3 24 | 0.2% | 30.3% | ||
| Q2 24 | 1.1% | 37.2% | ||
| Q1 24 | -1.6% | 34.8% |
| Q4 25 | $0.18 | $1.51 | ||
| Q3 25 | $0.10 | $0.69 | ||
| Q2 25 | $0.11 | $1.20 | ||
| Q1 25 | $0.04 | $1.04 | ||
| Q4 24 | $0.14 | $1.18 | ||
| Q3 24 | $0.01 | $1.01 | ||
| Q2 24 | $0.05 | $1.21 | ||
| Q1 24 | $-0.07 | $1.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $117.6M | $3.6B |
| Total Assets | $434.1M | $24.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $4.3M | — | ||
| Q2 24 | $1.1M | — | ||
| Q1 24 | $1.6M | — |
| Q4 25 | $117.6M | $3.6B | ||
| Q3 25 | $108.1M | $3.5B | ||
| Q2 25 | $103.2M | $3.1B | ||
| Q1 25 | $97.4M | $3.0B | ||
| Q4 24 | $95.6M | $3.0B | ||
| Q3 24 | $88.0M | $3.0B | ||
| Q2 24 | $87.6M | $2.9B | ||
| Q1 24 | $85.1M | $2.9B |
| Q4 25 | $434.1M | $24.9B | ||
| Q3 25 | $383.0M | $25.0B | ||
| Q2 25 | $361.2M | $20.0B | ||
| Q1 25 | $349.4M | $19.9B | ||
| Q4 24 | $401.7M | $19.4B | ||
| Q3 24 | $395.7M | $19.4B | ||
| Q2 24 | $340.8M | $19.4B | ||
| Q1 24 | $324.0M | $19.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | $78.9M |
| Free Cash FlowOCF − Capex | $-16.9M | $75.5M |
| FCF MarginFCF / Revenue | -4.6% | 35.5% |
| Capex IntensityCapex / Revenue | 0.1% | 1.6% |
| Cash ConversionOCF / Net Profit | -1.76× | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4M | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-16.5M | $78.9M | ||
| Q3 25 | $2.7M | $52.2M | ||
| Q2 25 | $10.7M | $106.7M | ||
| Q1 25 | $2.5M | $13.3M | ||
| Q4 24 | $25.3M | $42.9M | ||
| Q3 24 | $-11.6M | $70.2M | ||
| Q2 24 | $9.7M | $65.6M | ||
| Q1 24 | $20.0M | $51.1M |
| Q4 25 | $-16.9M | $75.5M | ||
| Q3 25 | $2.4M | $49.7M | ||
| Q2 25 | $10.7M | $102.5M | ||
| Q1 25 | $2.4M | $11.3M | ||
| Q4 24 | — | $36.5M | ||
| Q3 24 | $-11.6M | $64.4M | ||
| Q2 24 | — | $61.9M | ||
| Q1 24 | $20.0M | $46.7M |
| Q4 25 | -4.6% | 35.5% | ||
| Q3 25 | 0.9% | 24.4% | ||
| Q2 25 | 4.7% | 69.5% | ||
| Q1 25 | 1.1% | 7.8% | ||
| Q4 24 | — | 25.2% | ||
| Q3 24 | -5.1% | 45.4% | ||
| Q2 24 | — | 44.9% | ||
| Q1 24 | 9.4% | 34.0% |
| Q4 25 | 0.1% | 1.6% | ||
| Q3 25 | 0.1% | 1.2% | ||
| Q2 25 | 0.0% | 2.9% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 0.0% | 4.4% | ||
| Q3 24 | 0.0% | 4.1% | ||
| Q2 24 | — | 2.7% | ||
| Q1 24 | 0.0% | 3.2% |
| Q4 25 | -1.76× | 1.05× | ||
| Q3 25 | 0.56× | 1.52× | ||
| Q2 25 | 1.86× | 2.09× | ||
| Q1 25 | 1.33× | 0.30× | ||
| Q4 24 | 3.57× | 0.86× | ||
| Q3 24 | -29.31× | 1.64× | ||
| Q2 24 | 3.85× | 1.28× | ||
| Q1 24 | — | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
