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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.

Amalgamated Financial Corp. is the larger business by last-quarter revenue ($85.2M vs $58.0M, roughly 1.5× indie Semiconductor, Inc.). On growth, Amalgamated Financial Corp. posted the faster year-over-year revenue change (9.4% vs -0.0%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $-16.1M). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% CAGR vs 4.3%).

CI Financial is a Canadian investment management company based in Toronto, Ontario. It offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors.

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.

AMAL vs INDI — Head-to-Head

Bigger by revenue
AMAL
AMAL
1.5× larger
AMAL
$85.2M
$58.0M
INDI
Growing faster (revenue YoY)
AMAL
AMAL
+9.4% gap
AMAL
9.4%
-0.0%
INDI
More free cash flow
AMAL
AMAL
$150.5M more FCF
AMAL
$134.4M
$-16.1M
INDI
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
5.3%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
INDI
INDI
Revenue
$85.2M
$58.0M
Net Profit
$-31.2M
Gross Margin
37.3%
Operating Margin
39.0%
-58.5%
Net Margin
-53.8%
Revenue YoY
9.4%
-0.0%
Net Profit YoY
9.1%
EPS (diluted)
$0.88
$-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
AMAL
AMAL
INDI
INDI
Q4 25
$85.2M
$58.0M
Q3 25
$85.6M
$53.7M
Q2 25
$80.9M
$51.6M
Q1 25
$77.0M
$54.1M
Q4 24
$77.9M
$58.0M
Q3 24
$81.0M
$54.0M
Q2 24
$78.5M
$52.4M
Q1 24
$78.3M
$52.4M
Net Profit
AMAL
AMAL
INDI
INDI
Q4 25
$-31.2M
Q3 25
$26.8M
$-38.3M
Q2 25
$26.0M
$-39.0M
Q1 25
$25.0M
$-34.5M
Q4 24
$-34.4M
Q3 24
$27.9M
$-49.7M
Q2 24
$26.8M
$-19.2M
Q1 24
$27.2M
$-31.2M
Gross Margin
AMAL
AMAL
INDI
INDI
Q4 25
37.3%
Q3 25
40.1%
Q2 25
40.6%
Q1 25
41.7%
Q4 24
42.6%
Q3 24
39.3%
Q2 24
42.2%
Q1 24
42.5%
Operating Margin
AMAL
AMAL
INDI
INDI
Q4 25
39.0%
-58.5%
Q3 25
42.9%
-71.4%
Q2 25
43.8%
-83.3%
Q1 25
45.1%
-72.0%
Q4 24
42.4%
-58.4%
Q3 24
47.2%
-92.5%
Q2 24
45.6%
-70.0%
Q1 24
49.2%
-94.8%
Net Margin
AMAL
AMAL
INDI
INDI
Q4 25
-53.8%
Q3 25
31.3%
-71.3%
Q2 25
32.1%
-75.6%
Q1 25
32.5%
-63.9%
Q4 24
-59.2%
Q3 24
34.5%
-92.1%
Q2 24
34.1%
-36.6%
Q1 24
34.8%
-59.6%
EPS (diluted)
AMAL
AMAL
INDI
INDI
Q4 25
$0.88
$-0.16
Q3 25
$0.88
$-0.19
Q2 25
$0.84
$-0.20
Q1 25
$0.81
$-0.18
Q4 24
$0.78
$-0.18
Q3 24
$0.90
$-0.28
Q2 24
$0.87
$-0.11
Q1 24
$0.89
$-0.19

Balance Sheet & Financial Strength

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

Metric
AMAL
AMAL
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$291.2M
$145.5M
Total DebtLower is stronger
$353.4M
Stockholders' EquityBook value
$794.5M
$358.0M
Total Assets
$8.9B
$840.8M
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
INDI
INDI
Q4 25
$291.2M
$145.5M
Q3 25
$115.5M
$160.9M
Q2 25
$171.1M
$192.6M
Q1 25
$65.7M
$236.6M
Q4 24
$60.7M
$274.2M
Q3 24
$149.2M
$96.9M
Q2 24
$58.0M
$112.3M
Q1 24
$155.2M
$138.2M
Total Debt
AMAL
AMAL
INDI
INDI
Q4 25
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$379.0M
Q4 24
$381.3M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
AMAL
AMAL
INDI
INDI
Q4 25
$794.5M
$358.0M
Q3 25
$775.6M
$369.2M
Q2 25
$754.0M
$390.4M
Q1 25
$736.0M
$405.6M
Q4 24
$707.7M
$417.9M
Q3 24
$698.2M
$458.6M
Q2 24
$646.0M
$470.7M
Q1 24
$616.8M
$432.9M
Total Assets
AMAL
AMAL
INDI
INDI
Q4 25
$8.9B
$840.8M
Q3 25
$8.7B
$855.1M
Q2 25
$8.6B
$867.6M
Q1 25
$8.3B
$909.0M
Q4 24
$8.3B
$941.4M
Q3 24
$8.4B
$797.5M
Q2 24
$8.3B
$797.3M
Q1 24
$8.1B
$803.6M
Debt / Equity
AMAL
AMAL
INDI
INDI
Q4 25
0.99×
Q3 25
0.96×
Q2 25
0.90×
Q1 25
0.93×
Q4 24
0.91×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AMAL
AMAL
INDI
INDI
Operating Cash FlowLast quarter
$135.8M
$-14.4M
Free Cash FlowOCF − Capex
$134.4M
$-16.1M
FCF MarginFCF / Revenue
157.8%
-27.8%
Capex IntensityCapex / Revenue
1.6%
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
INDI
INDI
Q4 25
$135.8M
$-14.4M
Q3 25
$39.5M
$-6.2M
Q2 25
$24.9M
$-7.6M
Q1 25
$34.2M
$-29.0M
Q4 24
$124.1M
$-6.7M
Q3 24
$35.8M
$-22.8M
Q2 24
$28.0M
$-19.7M
Q1 24
$31.3M
$-9.3M
Free Cash Flow
AMAL
AMAL
INDI
INDI
Q4 25
$134.4M
$-16.1M
Q3 25
$38.3M
$-10.3M
Q2 25
$24.2M
$-13.6M
Q1 25
$32.5M
$-31.4M
Q4 24
$122.3M
$-8.6M
Q3 24
$35.2M
$-29.3M
Q2 24
$27.8M
$-23.4M
Q1 24
$31.1M
$-11.7M
FCF Margin
AMAL
AMAL
INDI
INDI
Q4 25
157.8%
-27.8%
Q3 25
44.7%
-19.2%
Q2 25
29.9%
-26.4%
Q1 25
42.2%
-58.0%
Q4 24
157.0%
-14.8%
Q3 24
43.4%
-54.3%
Q2 24
35.4%
-44.7%
Q1 24
39.7%
-22.3%
Capex Intensity
AMAL
AMAL
INDI
INDI
Q4 25
1.6%
3.0%
Q3 25
1.4%
7.8%
Q2 25
0.9%
11.6%
Q1 25
2.3%
4.4%
Q4 24
2.3%
3.2%
Q3 24
0.7%
12.1%
Q2 24
0.3%
7.0%
Q1 24
0.3%
4.4%
Cash Conversion
AMAL
AMAL
INDI
INDI
Q4 25
Q3 25
1.47×
Q2 25
0.96×
Q1 25
1.37×
Q4 24
Q3 24
1.28×
Q2 24
1.05×
Q1 24
1.15×

Financial Flow Comparison

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

Revenue Breakdown by Segment

AMAL
AMAL

Segment breakdown not available.

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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