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Side-by-side financial comparison of Amalgamated Financial Corp. (AMAL) and INNODATA INC (INOD). Click either name above to swap in a different company.

Amalgamated Financial Corp. is the larger business by last-quarter revenue ($85.2M vs $72.4M, roughly 1.2× INNODATA INC). On growth, INNODATA INC posted the faster year-over-year revenue change (22.3% vs 9.4%). Amalgamated Financial Corp. produced more free cash flow last quarter ($134.4M vs $10.1M). Over the past eight quarters, INNODATA INC's revenue compounded faster (65.3% 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.

Innodata Inc., formerly Innodata Isogen, Inc., is an American company that provides business process, technology and consulting services. The company also provides products that aim to help clients create, manage, use and distribute digital information.

AMAL vs INOD — Head-to-Head

Bigger by revenue
AMAL
AMAL
1.2× larger
AMAL
$85.2M
$72.4M
INOD
Growing faster (revenue YoY)
INOD
INOD
+12.9% gap
INOD
22.3%
9.4%
AMAL
More free cash flow
AMAL
AMAL
$124.3M more FCF
AMAL
$134.4M
$10.1M
INOD
Faster 2-yr revenue CAGR
INOD
INOD
Annualised
INOD
65.3%
4.3%
AMAL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
AMAL
AMAL
INOD
INOD
Revenue
$85.2M
$72.4M
Net Profit
$8.8M
Gross Margin
38.3%
Operating Margin
39.0%
15.1%
Net Margin
12.2%
Revenue YoY
9.4%
22.3%
Net Profit YoY
-14.2%
EPS (diluted)
$0.88
$0.26

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
INOD
INOD
Q4 25
$85.2M
$72.4M
Q3 25
$85.6M
$62.5M
Q2 25
$80.9M
$58.4M
Q1 25
$77.0M
$58.3M
Q4 24
$77.9M
$59.2M
Q3 24
$81.0M
$52.2M
Q2 24
$78.5M
$32.6M
Q1 24
$78.3M
$26.5M
Net Profit
AMAL
AMAL
INOD
INOD
Q4 25
$8.8M
Q3 25
$26.8M
$8.3M
Q2 25
$26.0M
$7.2M
Q1 25
$25.0M
$7.8M
Q4 24
$10.3M
Q3 24
$27.9M
$17.4M
Q2 24
$26.8M
$-14.0K
Q1 24
$27.2M
$989.0K
Gross Margin
AMAL
AMAL
INOD
INOD
Q4 25
38.3%
Q3 25
40.8%
Q2 25
39.4%
Q1 25
39.9%
Q4 24
45.2%
Q3 24
40.8%
Q2 24
28.7%
Q1 24
36.4%
Operating Margin
AMAL
AMAL
INOD
INOD
Q4 25
39.0%
15.1%
Q3 25
42.9%
18.8%
Q2 25
43.8%
15.3%
Q1 25
45.1%
14.2%
Q4 24
42.4%
19.0%
Q3 24
47.2%
21.9%
Q2 24
45.6%
1.0%
Q1 24
49.2%
5.0%
Net Margin
AMAL
AMAL
INOD
INOD
Q4 25
12.2%
Q3 25
31.3%
13.3%
Q2 25
32.1%
12.4%
Q1 25
32.5%
13.3%
Q4 24
17.4%
Q3 24
34.5%
33.3%
Q2 24
34.1%
-0.0%
Q1 24
34.8%
3.7%
EPS (diluted)
AMAL
AMAL
INOD
INOD
Q4 25
$0.88
$0.26
Q3 25
$0.88
$0.24
Q2 25
$0.84
$0.20
Q1 25
$0.81
$0.22
Q4 24
$0.78
$0.35
Q3 24
$0.90
$0.51
Q2 24
$0.87
$0.00
Q1 24
$0.89
$0.03

Balance Sheet & Financial Strength

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

Metric
AMAL
AMAL
INOD
INOD
Cash + ST InvestmentsLiquidity on hand
$291.2M
$82.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$794.5M
$107.1M
Total Assets
$8.9B
$168.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AMAL
AMAL
INOD
INOD
Q4 25
$291.2M
$82.2M
Q3 25
$115.5M
$73.9M
Q2 25
$171.1M
$59.8M
Q1 25
$65.7M
$56.6M
Q4 24
$60.7M
$46.9M
Q3 24
$149.2M
$26.4M
Q2 24
$58.0M
$16.5M
Q1 24
$155.2M
$19.0M
Stockholders' Equity
AMAL
AMAL
INOD
INOD
Q4 25
$794.5M
$107.1M
Q3 25
$775.6M
$97.3M
Q2 25
$754.0M
$86.7M
Q1 25
$736.0M
$75.5M
Q4 24
$707.7M
$63.5M
Q3 24
$698.2M
$47.7M
Q2 24
$646.0M
$29.0M
Q1 24
$616.8M
$27.6M
Total Assets
AMAL
AMAL
INOD
INOD
Q4 25
$8.9B
$168.6M
Q3 25
$8.7B
$152.9M
Q2 25
$8.6B
$132.6M
Q1 25
$8.3B
$125.2M
Q4 24
$8.3B
$113.4M
Q3 24
$8.4B
$88.2M
Q2 24
$8.3B
$66.0M
Q1 24
$8.1B
$63.6M

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
INOD
INOD
Operating Cash FlowLast quarter
$135.8M
$12.9M
Free Cash FlowOCF − Capex
$134.4M
$10.1M
FCF MarginFCF / Revenue
157.8%
13.9%
Capex IntensityCapex / Revenue
1.6%
3.9%
Cash ConversionOCF / Net Profit
1.46×
TTM Free Cash FlowTrailing 4 quarters
$229.4M
$35.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AMAL
AMAL
INOD
INOD
Q4 25
$135.8M
$12.9M
Q3 25
$39.5M
$18.8M
Q2 25
$24.9M
$4.2M
Q1 25
$34.2M
$10.9M
Q4 24
$124.1M
$17.2M
Q3 24
$35.8M
$11.4M
Q2 24
$28.0M
$-454.0K
Q1 24
$31.3M
$6.8M
Free Cash Flow
AMAL
AMAL
INOD
INOD
Q4 25
$134.4M
$10.1M
Q3 25
$38.3M
$14.5M
Q2 25
$24.2M
$2.5M
Q1 25
$32.5M
$8.5M
Q4 24
$122.3M
$15.0M
Q3 24
$35.2M
$9.9M
Q2 24
$27.8M
$-3.2M
Q1 24
$31.1M
$5.4M
FCF Margin
AMAL
AMAL
INOD
INOD
Q4 25
157.8%
13.9%
Q3 25
44.7%
23.2%
Q2 25
29.9%
4.3%
Q1 25
42.2%
14.6%
Q4 24
157.0%
25.3%
Q3 24
43.4%
19.0%
Q2 24
35.4%
-9.8%
Q1 24
39.7%
20.5%
Capex Intensity
AMAL
AMAL
INOD
INOD
Q4 25
1.6%
3.9%
Q3 25
1.4%
6.8%
Q2 25
0.9%
2.9%
Q1 25
2.3%
4.0%
Q4 24
2.3%
3.7%
Q3 24
0.7%
2.8%
Q2 24
0.3%
8.4%
Q1 24
0.3%
5.1%
Cash Conversion
AMAL
AMAL
INOD
INOD
Q4 25
1.46×
Q3 25
1.47×
2.25×
Q2 25
0.96×
0.59×
Q1 25
1.37×
1.40×
Q4 24
1.67×
Q3 24
1.28×
0.65×
Q2 24
1.05×
Q1 24
1.15×
6.84×

Financial Flow Comparison

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

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