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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and INDEPENDENT BANK CORP (INDB). Click either name above to swap in a different company.
Arhaus, Inc. is the larger business by last-quarter revenue ($364.8M vs $212.5M, roughly 1.7× INDEPENDENT BANK CORP). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs 4.1%, a 31.3% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 5.1%). INDEPENDENT BANK CORP produced more free cash flow last quarter ($75.5M vs $-8.8M). Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (24.3% CAGR vs 11.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
ARHS vs INDB — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $212.5M |
| Net Profit | $15.1M | $75.3M |
| Gross Margin | 38.1% | — |
| Operating Margin | 5.6% | — |
| Net Margin | 4.1% | 35.5% |
| Revenue YoY | 5.1% | 46.9% |
| Net Profit YoY | -29.1% | 50.6% |
| EPS (diluted) | $0.11 | $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 | $364.8M | $212.5M | ||
| Q3 25 | $344.6M | $203.3M | ||
| Q2 25 | $358.4M | $147.5M | ||
| Q1 25 | $311.4M | $145.5M | ||
| Q4 24 | $347.0M | $144.7M | ||
| Q3 24 | $319.1M | $141.7M | ||
| Q2 24 | $309.8M | $137.9M | ||
| Q1 24 | $295.2M | $137.4M |
| Q4 25 | $15.1M | $75.3M | ||
| Q3 25 | $12.2M | $34.3M | ||
| Q2 25 | $35.1M | $51.1M | ||
| Q1 25 | $4.9M | $44.4M | ||
| Q4 24 | $21.3M | $50.0M | ||
| Q3 24 | $9.9M | $42.9M | ||
| Q2 24 | $22.2M | $51.3M | ||
| Q1 24 | $15.1M | $47.8M |
| Q4 25 | 38.1% | — | ||
| Q3 25 | 38.7% | — | ||
| Q2 25 | 41.4% | — | ||
| Q1 25 | 37.1% | — | ||
| Q4 24 | 40.0% | — | ||
| Q3 24 | 38.6% | — | ||
| Q2 24 | 40.1% | — | ||
| Q1 24 | 39.0% | — |
| Q4 25 | 5.6% | — | ||
| Q3 25 | 4.8% | 21.8% | ||
| Q2 25 | 13.0% | 44.6% | ||
| Q1 25 | 1.7% | 39.3% | ||
| Q4 24 | 8.2% | — | ||
| Q3 24 | 3.3% | 39.0% | ||
| Q2 24 | 9.5% | 48.1% | ||
| Q1 24 | 6.2% | 45.5% |
| Q4 25 | 4.1% | 35.5% | ||
| Q3 25 | 3.5% | 16.8% | ||
| Q2 25 | 9.8% | 34.6% | ||
| Q1 25 | 1.6% | 30.5% | ||
| Q4 24 | 6.1% | 34.6% | ||
| Q3 24 | 3.1% | 30.3% | ||
| Q2 24 | 7.2% | 37.2% | ||
| Q1 24 | 5.1% | 34.8% |
| Q4 25 | $0.11 | $1.51 | ||
| Q3 25 | $0.09 | $0.69 | ||
| Q2 25 | $0.25 | $1.20 | ||
| Q1 25 | $0.03 | $1.04 | ||
| Q4 24 | $0.15 | $1.18 | ||
| Q3 24 | $0.07 | $1.01 | ||
| Q2 24 | $0.16 | $1.21 | ||
| Q1 24 | $0.11 | $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 | $253.4M | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $3.6B |
| Total Assets | $1.4B | $24.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | — | ||
| Q3 25 | $262.2M | — | ||
| Q2 25 | $234.8M | — | ||
| Q1 25 | $214.4M | — | ||
| Q4 24 | $197.5M | — | ||
| Q3 24 | $177.7M | — | ||
| Q2 24 | $174.2M | — | ||
| Q1 24 | $233.2M | — |
| Q4 25 | $418.2M | $3.6B | ||
| Q3 25 | $400.4M | $3.5B | ||
| Q2 25 | $385.6M | $3.1B | ||
| Q1 25 | $348.8M | $3.0B | ||
| Q4 24 | $343.7M | $3.0B | ||
| Q3 24 | $320.6M | $3.0B | ||
| Q2 24 | $309.3M | $2.9B | ||
| Q1 24 | $285.6M | $2.9B |
| Q4 25 | $1.4B | $24.9B | ||
| Q3 25 | $1.4B | $25.0B | ||
| Q2 25 | $1.3B | $20.0B | ||
| Q1 25 | $1.3B | $19.9B | ||
| Q4 24 | $1.2B | $19.4B | ||
| Q3 24 | $1.2B | $19.4B | ||
| Q2 24 | $1.2B | $19.4B | ||
| Q1 24 | $1.2B | $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 | $9.3M | $78.9M |
| Free Cash FlowOCF − Capex | $-8.8M | $75.5M |
| FCF MarginFCF / Revenue | -2.4% | 35.5% |
| Capex IntensityCapex / Revenue | 5.0% | 1.6% |
| Cash ConversionOCF / Net Profit | 0.62× | 1.05× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $239.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $78.9M | ||
| Q3 25 | $46.1M | $52.2M | ||
| Q2 25 | $34.9M | $106.7M | ||
| Q1 25 | $46.5M | $13.3M | ||
| Q4 24 | $31.7M | $42.9M | ||
| Q3 24 | $31.1M | $70.2M | ||
| Q2 24 | $47.5M | $65.6M | ||
| Q1 24 | $36.8M | $51.1M |
| Q4 25 | $-8.8M | $75.5M | ||
| Q3 25 | $28.0M | $49.7M | ||
| Q2 25 | $20.9M | $102.5M | ||
| Q1 25 | $18.9M | $11.3M | ||
| Q4 24 | $13.0M | $36.5M | ||
| Q3 24 | $4.6M | $64.4M | ||
| Q2 24 | $11.3M | $61.9M | ||
| Q1 24 | $10.9M | $46.7M |
| Q4 25 | -2.4% | 35.5% | ||
| Q3 25 | 8.1% | 24.4% | ||
| Q2 25 | 5.8% | 69.5% | ||
| Q1 25 | 6.1% | 7.8% | ||
| Q4 24 | 3.7% | 25.2% | ||
| Q3 24 | 1.4% | 45.4% | ||
| Q2 24 | 3.6% | 44.9% | ||
| Q1 24 | 3.7% | 34.0% |
| Q4 25 | 5.0% | 1.6% | ||
| Q3 25 | 5.3% | 1.2% | ||
| Q2 25 | 3.9% | 2.9% | ||
| Q1 25 | 8.9% | 1.4% | ||
| Q4 24 | 5.4% | 4.4% | ||
| Q3 24 | 8.3% | 4.1% | ||
| Q2 24 | 11.7% | 2.7% | ||
| Q1 24 | 8.8% | 3.2% |
| Q4 25 | 0.62× | 1.05× | ||
| Q3 25 | 3.77× | 1.52× | ||
| Q2 25 | 1.00× | 2.09× | ||
| Q1 25 | 9.53× | 0.30× | ||
| Q4 24 | 1.49× | 0.86× | ||
| Q3 24 | 3.14× | 1.64× | ||
| Q2 24 | 2.14× | 1.28× | ||
| Q1 24 | 2.44× | 1.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
INDB
Segment breakdown not available.
