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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and INDEPENDENT BANK CORP (INDB). Click either name above to swap in a different company.

INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($212.5M vs $182.4M, roughly 1.2× Climb Global Solutions, Inc.). INDEPENDENT BANK CORP runs the higher net margin — 35.5% vs 1.8%, a 33.6% gap on every dollar of revenue. On growth, INDEPENDENT BANK CORP posted the faster year-over-year revenue change (46.9% vs 32.1%). Over the past eight quarters, Climb Global Solutions, Inc.'s revenue compounded faster (40.7% CAGR vs 24.3%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.

CLMB vs INDB — Head-to-Head

Bigger by revenue
INDB
INDB
1.2× larger
INDB
$212.5M
$182.4M
CLMB
Growing faster (revenue YoY)
INDB
INDB
+14.8% gap
INDB
46.9%
32.1%
CLMB
Higher net margin
INDB
INDB
33.6% more per $
INDB
35.5%
1.8%
CLMB
Faster 2-yr revenue CAGR
CLMB
CLMB
Annualised
CLMB
40.7%
24.3%
INDB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
INDB
INDB
Revenue
$182.4M
$212.5M
Net Profit
$3.3M
$75.3M
Gross Margin
14.5%
Operating Margin
2.1%
Net Margin
1.8%
35.5%
Revenue YoY
32.1%
46.9%
Net Profit YoY
-9.5%
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.

Revenue
CLMB
CLMB
INDB
INDB
Q1 26
$182.4M
Q4 25
$193.8M
$212.5M
Q3 25
$161.3M
$203.3M
Q2 25
$159.3M
$147.5M
Q1 25
$138.0M
$145.5M
Q4 24
$161.8M
$144.7M
Q3 24
$119.3M
$141.7M
Q2 24
$92.1M
$137.9M
Net Profit
CLMB
CLMB
INDB
INDB
Q1 26
$3.3M
Q4 25
$7.0M
$75.3M
Q3 25
$4.7M
$34.3M
Q2 25
$6.0M
$51.1M
Q1 25
$3.7M
$44.4M
Q4 24
$7.0M
$50.0M
Q3 24
$5.5M
$42.9M
Q2 24
$3.4M
$51.3M
Gross Margin
CLMB
CLMB
INDB
INDB
Q1 26
14.5%
Q4 25
15.4%
Q3 25
15.9%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
Q3 24
20.3%
Q2 24
20.2%
Operating Margin
CLMB
CLMB
INDB
INDB
Q1 26
2.1%
Q4 25
4.9%
Q3 25
4.3%
21.8%
Q2 25
5.0%
44.6%
Q1 25
3.5%
39.3%
Q4 24
7.2%
Q3 24
7.1%
39.0%
Q2 24
4.6%
48.1%
Net Margin
CLMB
CLMB
INDB
INDB
Q1 26
1.8%
Q4 25
3.6%
35.5%
Q3 25
2.9%
16.8%
Q2 25
3.7%
34.6%
Q1 25
2.7%
30.5%
Q4 24
4.3%
34.6%
Q3 24
4.6%
30.3%
Q2 24
3.7%
37.2%
EPS (diluted)
CLMB
CLMB
INDB
INDB
Q1 26
$0.18
Q4 25
$1.51
$1.51
Q3 25
$1.02
$0.69
Q2 25
$1.30
$1.20
Q1 25
$0.81
$1.04
Q4 24
$1.52
$1.18
Q3 24
$1.19
$1.01
Q2 24
$0.75
$1.21

Balance Sheet & Financial Strength

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

Metric
CLMB
CLMB
INDB
INDB
Cash + ST InvestmentsLiquidity on hand
$41.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$118.4M
$3.6B
Total Assets
$458.8M
$24.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
INDB
INDB
Q1 26
$41.8M
Q4 25
$36.6M
Q3 25
$49.8M
Q2 25
$28.6M
Q1 25
$32.5M
Q4 24
$29.8M
Q3 24
$22.1M
Q2 24
$48.4M
Stockholders' Equity
CLMB
CLMB
INDB
INDB
Q1 26
$118.4M
Q4 25
$116.6M
$3.6B
Q3 25
$109.3M
$3.5B
Q2 25
$105.2M
$3.1B
Q1 25
$95.6M
$3.0B
Q4 24
$90.6M
$3.0B
Q3 24
$87.7M
$3.0B
Q2 24
$79.8M
$2.9B
Total Assets
CLMB
CLMB
INDB
INDB
Q1 26
$458.8M
Q4 25
$460.2M
$24.9B
Q3 25
$376.1M
$25.0B
Q2 25
$420.7M
$20.0B
Q1 25
$370.1M
$19.9B
Q4 24
$469.2M
$19.4B
Q3 24
$371.9M
$19.4B
Q2 24
$302.8M
$19.4B

Cash Flow & Capital Efficiency

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

Metric
CLMB
CLMB
INDB
INDB
Operating Cash FlowLast quarter
$78.9M
Free Cash FlowOCF − Capex
$75.5M
FCF MarginFCF / Revenue
35.5%
Capex IntensityCapex / Revenue
1.6%
Cash ConversionOCF / Net Profit
1.05×
TTM Free Cash FlowTrailing 4 quarters
$239.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
INDB
INDB
Q1 26
Q4 25
$-11.9M
$78.9M
Q3 25
$22.2M
$52.2M
Q2 25
$-2.2M
$106.7M
Q1 25
$8.5M
$13.3M
Q4 24
$16.0M
$42.9M
Q3 24
$-3.6M
$70.2M
Q2 24
$7.3M
$65.6M
Free Cash Flow
CLMB
CLMB
INDB
INDB
Q1 26
Q4 25
$75.5M
Q3 25
$49.7M
Q2 25
$102.5M
Q1 25
$11.3M
Q4 24
$36.5M
Q3 24
$64.4M
Q2 24
$61.9M
FCF Margin
CLMB
CLMB
INDB
INDB
Q1 26
Q4 25
35.5%
Q3 25
24.4%
Q2 25
69.5%
Q1 25
7.8%
Q4 24
25.2%
Q3 24
45.4%
Q2 24
44.9%
Capex Intensity
CLMB
CLMB
INDB
INDB
Q1 26
Q4 25
1.6%
Q3 25
1.2%
Q2 25
2.9%
Q1 25
1.4%
Q4 24
4.4%
Q3 24
4.1%
Q2 24
2.7%
Cash Conversion
CLMB
CLMB
INDB
INDB
Q1 26
Q4 25
-1.70×
1.05×
Q3 25
4.73×
1.52×
Q2 25
-0.37×
2.09×
Q1 25
2.30×
0.30×
Q4 24
2.29×
0.86×
Q3 24
-0.66×
1.64×
Q2 24
2.13×
1.28×

Financial Flow Comparison

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

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