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Side-by-side financial comparison of AstroNova, Inc. (ALOT) 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 $39.2M, roughly 1.5× AstroNova, Inc.). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs 1.0%, a 27.7% gap on every dollar of revenue. Over the past eight quarters, AstroNova, Inc.'s revenue compounded faster (2.1% CAGR vs 2.1%).
AstroNova, Inc. is a global technology firm designing, manufacturing and distributing specialty data visualization products, including high-performance label printers, test and measurement equipment, and aerospace-grade data recording systems, serving aerospace, manufacturing, retail and healthcare markets worldwide.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
ALOT vs IBCP — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $39.2M | $58.9M |
| Net Profit | $378.0K | $16.9M |
| Gross Margin | 36.2% | — |
| Operating Margin | 3.3% | — |
| Net Margin | 1.0% | 28.6% |
| Revenue YoY | -3.4% | — |
| Net Profit YoY | 221.5% | 8.2% |
| EPS (diluted) | $0.05 | $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 | — | $58.9M | ||
| Q4 25 | $39.2M | $58.3M | ||
| Q3 25 | $36.1M | $57.3M | ||
| Q2 25 | $37.7M | $55.9M | ||
| Q1 25 | — | $54.1M | ||
| Q4 24 | $40.4M | $62.0M | ||
| Q3 24 | $40.5M | $51.4M | ||
| Q2 24 | $33.0M | $56.5M |
| Q1 26 | — | $16.9M | ||
| Q4 25 | $378.0K | $18.6M | ||
| Q3 25 | $-1.2M | $17.5M | ||
| Q2 25 | $-376.0K | $16.9M | ||
| Q1 25 | — | $15.6M | ||
| Q4 24 | $240.0K | $18.5M | ||
| Q3 24 | $-311.0K | $13.8M | ||
| Q2 24 | $1.2M | $18.5M |
| Q1 26 | — | — | ||
| Q4 25 | 36.2% | — | ||
| Q3 25 | 32.2% | — | ||
| Q2 25 | 33.6% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 33.9% | — | ||
| Q3 24 | 35.3% | — | ||
| Q2 24 | 36.3% | — |
| Q1 26 | — | — | ||
| Q4 25 | 3.3% | 34.8% | ||
| Q3 25 | -2.0% | 37.0% | ||
| Q2 25 | 1.5% | 37.0% | ||
| Q1 25 | — | 35.3% | ||
| Q4 24 | 3.1% | 36.7% | ||
| Q3 24 | 2.6% | 33.7% | ||
| Q2 24 | 4.1% | 41.0% |
| Q1 26 | — | 28.6% | ||
| Q4 25 | 1.0% | 31.8% | ||
| Q3 25 | -3.4% | 30.5% | ||
| Q2 25 | -1.0% | 30.2% | ||
| Q1 25 | — | 28.8% | ||
| Q4 24 | 0.6% | 29.8% | ||
| Q3 24 | -0.8% | 26.9% | ||
| Q2 24 | 3.6% | 32.8% |
| Q1 26 | — | $0.81 | ||
| Q4 25 | $0.05 | $0.88 | ||
| Q3 25 | $-0.16 | $0.84 | ||
| Q2 25 | $-0.05 | $0.81 | ||
| Q1 25 | — | $0.74 | ||
| Q4 24 | $0.03 | $0.87 | ||
| Q3 24 | $-0.04 | $0.65 | ||
| Q2 24 | $0.15 | $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 | $3.6M | $174.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $76.9M | $510.6M |
| Total Assets | $140.8M | $5.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $174.9M | ||
| Q4 25 | $3.6M | $138.4M | ||
| Q3 25 | $3.9M | $208.7M | ||
| Q2 25 | $5.4M | $146.2M | ||
| Q1 25 | — | $128.1M | ||
| Q4 24 | $4.4M | $119.9M | ||
| Q3 24 | $4.8M | $121.6M | ||
| Q2 24 | $4.0M | $214.3M |
| Q1 26 | — | $510.6M | ||
| Q4 25 | $76.9M | $503.0M | ||
| Q3 25 | $75.8M | $490.7M | ||
| Q2 25 | $76.6M | $469.3M | ||
| Q1 25 | — | $467.3M | ||
| Q4 24 | $92.2M | $454.7M | ||
| Q3 24 | $91.8M | $452.4M | ||
| Q2 24 | $91.2M | $430.5M |
| Q1 26 | — | $5.6B | ||
| Q4 25 | $140.8M | $5.5B | ||
| Q3 25 | $143.1M | $5.5B | ||
| Q2 25 | $150.3M | $5.4B | ||
| Q1 25 | — | $5.3B | ||
| Q4 24 | $166.5M | $5.3B | ||
| Q3 24 | $169.0M | $5.3B | ||
| Q2 24 | $126.6M | $5.3B |
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 | $3.4M | — |
| Free Cash FlowOCF − Capex | $3.3M | — |
| FCF MarginFCF / Revenue | 8.5% | — |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 9.05× | — |
| TTM Free Cash FlowTrailing 4 quarters | $2.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $3.4M | $76.7M | ||
| Q3 25 | $249.0K | $18.2M | ||
| Q2 25 | $4.4M | $19.0M | ||
| Q1 25 | — | $31.7M | ||
| Q4 24 | $-4.7M | $63.2M | ||
| Q3 24 | $162.0K | $17.2M | ||
| Q2 24 | $6.9M | $8.7M |
| Q1 26 | — | — | ||
| Q4 25 | $3.3M | $70.2M | ||
| Q3 25 | $202.0K | $16.5M | ||
| Q2 25 | $4.3M | $16.7M | ||
| Q1 25 | — | $30.6M | ||
| Q4 24 | $-5.0M | $55.2M | ||
| Q3 24 | $-176.0K | $15.7M | ||
| Q2 24 | $6.4M | $7.0M |
| Q1 26 | — | — | ||
| Q4 25 | 8.5% | 120.3% | ||
| Q3 25 | 0.6% | 28.9% | ||
| Q2 25 | 11.5% | 29.8% | ||
| Q1 25 | — | 56.5% | ||
| Q4 24 | -12.4% | 89.1% | ||
| Q3 24 | -0.4% | 30.6% | ||
| Q2 24 | 19.5% | 12.3% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 11.1% | ||
| Q3 25 | 0.1% | 2.9% | ||
| Q2 25 | 0.2% | 4.1% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 0.6% | 12.8% | ||
| Q3 24 | 0.8% | 2.9% | ||
| Q2 24 | 1.5% | 3.1% |
| Q1 26 | — | — | ||
| Q4 25 | 9.05× | 4.13× | ||
| Q3 25 | — | 1.04× | ||
| Q2 25 | — | 1.12× | ||
| Q1 25 | — | 2.03× | ||
| Q4 24 | -19.76× | 3.42× | ||
| Q3 24 | — | 1.25× | ||
| Q2 24 | 5.85× | 0.47× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALOT
| Public Utilities Inventory Supplies | $20.6M | 53% |
| Hardware Products | $12.7M | 32% |
| Service And Other | $5.9M | 15% |
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
