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Side-by-side financial comparison of Clipper Realty Inc. (CLPR) and indie Semiconductor, Inc. (INDI). Click either name above to swap in a different company.

indie Semiconductor, Inc. is the larger business by last-quarter revenue ($58.0M vs $37.1M, roughly 1.6× Clipper Realty Inc.). Clipper Realty Inc. runs the higher net margin — -30.4% vs -53.8%, a 23.4% gap on every dollar of revenue. On growth, indie Semiconductor, Inc. posted the faster year-over-year revenue change (-0.0% vs -2.6%). Over the past eight quarters, indie Semiconductor, Inc.'s revenue compounded faster (5.3% CAGR vs 1.8%).

Clipper Equity LLC is a partnership led by David Bistricer and Sam Levinson. The firm owns more than 60 buildings, with thousands of residential units, in New York and New Jersey. The partnership are known for their attempted purchase of the Starrett City housing complex in Brooklyn, New York, for $1.3 billion on February 8, 2007, in one of the largest real estate transactions in history. New York's Mayor Michael Bloomberg expressed concerns over the new landlord's history of building violati...

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.

CLPR vs INDI — Head-to-Head

Bigger by revenue
INDI
INDI
1.6× larger
INDI
$58.0M
$37.1M
CLPR
Growing faster (revenue YoY)
INDI
INDI
+2.6% gap
INDI
-0.0%
-2.6%
CLPR
Higher net margin
CLPR
CLPR
23.4% more per $
CLPR
-30.4%
-53.8%
INDI
Faster 2-yr revenue CAGR
INDI
INDI
Annualised
INDI
5.3%
1.8%
CLPR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CLPR
CLPR
INDI
INDI
Revenue
$37.1M
$58.0M
Net Profit
$-11.3M
$-31.2M
Gross Margin
-5.2%
37.3%
Operating Margin
21.8%
-58.5%
Net Margin
-30.4%
-53.8%
Revenue YoY
-2.6%
-0.0%
Net Profit YoY
-938.6%
9.1%
EPS (diluted)
$-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
CLPR
CLPR
INDI
INDI
Q4 25
$37.1M
$58.0M
Q3 25
$37.7M
$53.7M
Q2 25
$39.0M
$51.6M
Q1 25
$39.4M
$54.1M
Q4 24
$38.0M
$58.0M
Q3 24
$37.6M
$54.0M
Q2 24
$37.3M
$52.4M
Q1 24
$35.8M
$52.4M
Net Profit
CLPR
CLPR
INDI
INDI
Q4 25
$-11.3M
$-31.2M
Q3 25
$-4.6M
$-38.3M
Q2 25
$-1.4M
$-39.0M
Q1 25
$-35.1M
$-34.5M
Q4 24
$-1.1M
$-34.4M
Q3 24
$-1.1M
$-49.7M
Q2 24
$-1.7M
$-19.2M
Q1 24
$-2.7M
$-31.2M
Gross Margin
CLPR
CLPR
INDI
INDI
Q4 25
-5.2%
37.3%
Q3 25
23.6%
40.1%
Q2 25
27.8%
40.6%
Q1 25
-34.5%
41.7%
Q4 24
28.8%
42.6%
Q3 24
28.6%
39.3%
Q2 24
26.8%
42.2%
Q1 24
25.4%
42.5%
Operating Margin
CLPR
CLPR
INDI
INDI
Q4 25
21.8%
-58.5%
Q3 25
23.6%
-71.4%
Q2 25
27.7%
-83.3%
Q1 25
-59.9%
-72.0%
Q4 24
28.1%
-58.4%
Q3 24
28.6%
-92.5%
Q2 24
26.8%
-70.0%
Q1 24
25.4%
-94.8%
Net Margin
CLPR
CLPR
INDI
INDI
Q4 25
-30.4%
-53.8%
Q3 25
-12.2%
-71.3%
Q2 25
-3.5%
-75.6%
Q1 25
-89.1%
-63.9%
Q4 24
-2.9%
-59.2%
Q3 24
-2.9%
-92.1%
Q2 24
-4.7%
-36.6%
Q1 24
-7.5%
-59.6%
EPS (diluted)
CLPR
CLPR
INDI
INDI
Q4 25
$-0.16
Q3 25
$-0.19
Q2 25
$-0.20
Q1 25
$-0.18
Q4 24
$-0.18
Q3 24
$-0.28
Q2 24
$-0.11
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
CLPR
CLPR
INDI
INDI
Cash + ST InvestmentsLiquidity on hand
$30.8M
$145.5M
Total DebtLower is stronger
$353.4M
Stockholders' EquityBook value
$-30.7M
$358.0M
Total Assets
$1.2B
$840.8M
Debt / EquityLower = less leverage
0.99×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLPR
CLPR
INDI
INDI
Q4 25
$30.8M
$145.5M
Q3 25
$26.1M
$160.9M
Q2 25
$32.0M
$192.6M
Q1 25
$21.3M
$236.6M
Q4 24
$19.9M
$274.2M
Q3 24
$18.6M
$96.9M
Q2 24
$20.3M
$112.3M
Q1 24
$21.9M
$138.2M
Total Debt
CLPR
CLPR
INDI
INDI
Q4 25
$353.4M
Q3 25
$353.5M
Q2 25
$352.5M
Q1 25
$1.3B
$379.0M
Q4 24
$1.3B
$381.3M
Q3 24
$1.3B
Q2 24
$1.2B
Q1 24
$1.2B
Stockholders' Equity
CLPR
CLPR
INDI
INDI
Q4 25
$-30.7M
$358.0M
Q3 25
$-25.0M
$369.2M
Q2 25
$-21.9M
$390.4M
Q1 25
$-20.1M
$405.6M
Q4 24
$-5.4M
$417.9M
Q3 24
$-3.6M
$458.6M
Q2 24
$-1.8M
$470.7M
Q1 24
$279.0K
$432.9M
Total Assets
CLPR
CLPR
INDI
INDI
Q4 25
$1.2B
$840.8M
Q3 25
$1.2B
$855.1M
Q2 25
$1.2B
$867.6M
Q1 25
$1.3B
$909.0M
Q4 24
$1.3B
$941.4M
Q3 24
$1.3B
$797.5M
Q2 24
$1.3B
$797.3M
Q1 24
$1.3B
$803.6M
Debt / Equity
CLPR
CLPR
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
4396.73×

Cash Flow & Capital Efficiency

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

Metric
CLPR
CLPR
INDI
INDI
Operating Cash FlowLast quarter
$22.6M
$-14.4M
Free Cash FlowOCF − Capex
$-16.1M
FCF MarginFCF / Revenue
-27.8%
Capex IntensityCapex / Revenue
3.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-71.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLPR
CLPR
INDI
INDI
Q4 25
$22.6M
$-14.4M
Q3 25
$1.4M
$-6.2M
Q2 25
$8.4M
$-7.6M
Q1 25
$6.7M
$-29.0M
Q4 24
$31.9M
$-6.7M
Q3 24
$6.3M
$-22.8M
Q2 24
$8.8M
$-19.7M
Q1 24
$6.3M
$-9.3M
Free Cash Flow
CLPR
CLPR
INDI
INDI
Q4 25
$-16.1M
Q3 25
$-10.3M
Q2 25
$-13.6M
Q1 25
$-4.6M
$-31.4M
Q4 24
$-37.9M
$-8.6M
Q3 24
$-29.3M
Q2 24
$-23.4M
Q1 24
$-14.7M
$-11.7M
FCF Margin
CLPR
CLPR
INDI
INDI
Q4 25
-27.8%
Q3 25
-19.2%
Q2 25
-26.4%
Q1 25
-11.7%
-58.0%
Q4 24
-99.5%
-14.8%
Q3 24
-54.3%
Q2 24
-44.7%
Q1 24
-41.1%
-22.3%
Capex Intensity
CLPR
CLPR
INDI
INDI
Q4 25
3.0%
Q3 25
7.8%
Q2 25
11.6%
Q1 25
28.6%
4.4%
Q4 24
183.3%
3.2%
Q3 24
12.1%
Q2 24
7.0%
Q1 24
58.6%
4.4%

Financial Flow Comparison

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

Revenue Breakdown by Segment

CLPR
CLPR

Residential Segment$30.8M83%
Commercial Real Estate$6.2M17%

INDI
INDI

Products$55.7M96%
Services$2.3M4%

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